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Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

MDM

Australia Australia | 5-10 years |
ECN Account Regulated in Australia | Inst Forex Execution (STP) | MT5 Full License | Global Business | Medium potential risk | Offshore Regulated

https://www.midasmkts.com/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
MMCo-MainMT5
Server LocationSingaporeSingapore

Contact

+678 284 346 2897
https://www.midasmkts.com/en
International Business Centre, Pot 820/104, Route Elluk, Port Vila, Vanuatu
WikiFX Risk Alerts
  • This broker is not licensed to conduct retail forex business. Please be aware of the risks.

Basic Information

Registered Region
Australia
Operating Period
5-10 years
Company Name
MIDAS MARKETS PTY LTD
Abbreviation
MDM
Company employee
--
Contact Number
+6782843462897
Company Address
International Business Centre, Pot 820/104, Route Elluk, Port Vila, Vanuatu
麦克8

麦克8

Unverified

Hong Kong

It was alright before, I could normally withdraw with either profits or losses, but now they've completely stopped allowing withdrawals, and they're just dragging their feet without issuing any documentation. They're asking for my trading records on other platforms, but I only trade with them; how am I supposed to provide trading records for other forex platforms? It's like they're using a shill to prevent withdrawals, making it feel like they're about to abscond. This shameless platform is disgusting.

Exposure

W80881

W80881

Unverified

Hong Kong

I hope WikiFX can help me recover my legally obtained profits.

Exposure

Apasara.B

Apasara.B

Unverified

Singapore

Tried several currency pairs today, the screen changes quite fast.

Positive

Positive

FX1936979745

FX1936979745

Unverified

Singapore

Order placement is quite fast, and it's relatively easy to use

Positive

Positive

PJYYYYYY

PJYYYYYY

Unverified

Hong Kong

Withdrawal speed is quite fast. MDM is really fast, pending orders basically execute instantly, making short-term in-and-out trades feel like a game. MT5 is also smooth to use, quotes are real-time, spreads are transparent, comfortable.

Positive

Positive

交易不迷WANG

交易不迷WANG

Unverified

Hong Kong

I have never encountered card blocking situations with other companies, which is very worry-free

Positive

Positive

FX2296641379

FX2296641379

Unverified

Hong Kong

First, let me clarify, I'm just an ordinary retail forex trader. Over the past few years, I've traded intermittently on several platforms, so I have some experience. At MDM, I've tried withdrawing funds twice, once a small amount and once a slightly larger one, and both were credited within 1-2 days. I haven't encountered the "deposit-only, no withdrawal" situation that some small platforms have. There are also plenty of deposit methods available: UnionPay, WeChat, Alipay transfers are all supported, and USDT is also accepted. Customer service response is very fast; basically, any issues can be resolved relatively quickly. The range of trading instruments is also quite rich, covering mainstream products like forex, gold, crude oil, and stock indices. I use MT5, and my biggest impression over the past few months is that the order execution speed is indeed fast. Currently, there's also a 10% deposit bonus promotion, which is more generous than other platforms. I plan to take advantage of the promotion period to deposit more.

Positive

Positive

MM索菲亚

MM索菲亚

Unverified

Australia

MDM has fast withdrawal speed, no requotes, stable, reliable, honest and trustworthy

Positive

Positive

Camileee

Camileee

Unverified

Australia

APP Operation Convenient Morning Withdrawal Arrives in a Few Hours

Positive

Positive

优优UU澳洲生活

优优UU澳洲生活

Unverified

Australia

Instant account opening, withdrawals can be credited within a few hours, smooth and non-laggy interface, fully licensed and regulated with 10 years of trust, good reviews.

Positive

Positive

没有名字的澳洲龙虾

没有名字的澳洲龙虾

Unverified

Australia

MDM has no requote issues, and the EA runs orders very effectively

Positive

Positive

币圈小能手007

币圈小能手007

Unverified

Hong Kong

I've experienced it for a month, and it's genuinely good. I'll continue to observe further. Withdrawals are also fast, and there are recent activities.

Positive

Positive

MDM

MDM

Unverified

Hong Kong

The account opening process is simple, and the customer service is very helpful! No slippage, instant deposits and withdrawals!

Positive

Positive

币圈小能手007

币圈小能手007

Unverified

Hong Kong

Just started using it and it feels pretty good, plus it's a big brand from Australia. Will continue to try it out.

Positive

Positive

14
Account
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Comment
MT4/5
Full License MT5
Full License MT5
0
MT4 Servers
1
MT5 Servers
38.75
velocityIcon
Average Latency (ms)/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 5
Meta Trader 5
Perfect

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Official Website

Website

  • United States bcrintl.com
    216.150.1.1
  • United States mcyfd.org
    216.150.1.1
  • United States midasmkts.com
    172.67.69.77
  • United States midaswms.com
    104.26.4.231

Genealogy

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MDM

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Related sourcesWebsite Announcement

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User Reviews14

All (14) Positive (12) Exposure (2)
麦克8
麦克8
3-5 years
Exposure
Previously, profits could be withdrawn freely, but recently, due to the large market fluctuations, profitable trades have been deemed violations, and without providing a concrete reason, the withdrawal channel has been locked, preventing withdrawals.
It was alright before, I could normally withdraw with either profits or losses, but now they've completely stopped allowing withdrawals, and they're just dragging their feet without issuing any documentation. They're asking for my trading records on other platforms, but I only trade with them; how am I supposed to provide trading records for other forex platforms? It's like they're using a shill to prevent withdrawals, making it feel like they're about to abscond. This shameless platform is disgusting.
Exposure
Exposure
Exposure
Exposure

Hong Kong

Replied
Reply from official MDM
Thank you for your feedback. Regarding the withdrawal restriction issue you mentioned, we understand your concerns and questions. According to the verification results from our company's compliance and risk control departments, combined with feedback from the liquidity provider (LP), your account's trading behavior has triggered a specialized compliance review. The account is currently under investigation, and therefore related functions (including withdrawals) have been temporarily restricted. Previously, our company has sent you a detailed explanation via email. After preliminary screening, the account's trading involves the use of third-party plugins/scripts, spread arbitrage strategies, and cross-platform hedging, including but not limited to synchronized order placement across multiple platforms, reverse positions, and exploiting quote delays to obtain improper profits. The aforementioned situations have been identified as abnormal trading requiring further investigation. To expedite the processing progress, please ensure that you provide the relevant information and supporting documents (including details of the actual account operator, the plugins or tools used, and whether there are cross-platform or associated account operations) truthfully and within the specified timeframe as required by the email. Your cooperation will help us complete the review more efficiently. Before the review is completed, the account will remain in a read-only state. After the review results are confirmed, we will take appropriate actions regarding the account based on the actual situation. MDM has always been committed to maintaining a fair and transparent trading environment, and all reviews are conducted based on compliance requirements. Thank you for your understanding and cooperation. We recommend that you contact your account manager or official customer service as soon as possible to assist with the process. — MDM Team

Original

感谢您的反馈。 针对您提到的出金受限问题,我们理解您的关注与疑问。根据我司合规及风控部门的核查结果,并结合流动性提供商(LP)的反馈,您的账户交易行为已触发专项合规审核。目前账户处于调查阶段,因此相关功能(包括出金)已被暂时限制。 此前我司已通过邮件向您发送详细说明。经初步甄别,账户交易涉及第三方插件/脚本使用、价差套利策略以及跨平台对冲等情形,包括但不限于多平台同步下单、反向持仓及利用报价延迟获取不当收益等行为。上述情况已被判定为需进一步核查的异常交易。 为尽快推进处理进度,请您务必按照邮件要求,在规定时间内如实提供相关信息及证明材料(包括账户实际操作者情况、所使用插件或工具详情、是否存在跨平台或关联账户操作等)。您的配合将有助于我们更高效地完成审核。 在审核完成前,账户将维持只读状态。审核结果确认后,我们将根据实际情况对账户作出相应处理。 MDM 一直致力于维护公平、透明的交易环境,所有审核均基于合规要求执行。感谢您的理解与配合,建议您尽快与客户经理或官方客服取得联系以协助处理。 — MDM 团队

FX2296641379
FX2296641379
Within 1 year
Positive
A reliable platform recommended by a friend with very attractive promotional offers!
First, let me clarify, I'm just an ordinary retail forex trader. Over the past few years, I've traded intermittently on several platforms, so I have some experience. At MDM, I've tried withdrawing funds twice, once a small amount and once a slightly larger one, and both were credited within 1-2 days. I haven't encountered the "deposit-only, no withdrawal" situation that some small platforms have. There are also plenty of deposit methods available: UnionPay, WeChat, Alipay transfers are all supported, and USDT is also accepted. Customer service response is very fast; basically, any issues can be resolved relatively quickly. The range of trading instruments is also quite rich, covering mainstream products like forex, gold, crude oil, and stock indices. I use MT5, and my biggest impression over the past few months is that the order execution speed is indeed fast. Currently, there's also a 10% deposit bonus promotion, which is more generous than other platforms. I plan to take advantage of the promotion period to deposit more.
Positive

Hong Kong

Replied
Reply from official MDM
Thank you for your detailed sharing and support. We are delighted to learn that your overall trading experience with MDM has been smooth, including aspects such as deposit and withdrawal efficiency, platform stability, and customer service response speed, all of which have met your expectations. Providing customers with diversified deposit methods, a rich variety of trading products, and efficient order execution has always been a key focus of our continuous optimization. Your trust is very important to us. Thank you for choosing MDM. We look forward to providing you with a consistently stable trading experience. — MDM Team

Original

感谢您的详细分享与支持。 很高兴了解到您在 MDM 的整体交易体验是顺畅的,包括出入金效率、平台稳定性以及客服响应速度等方面都达到了您的预期。为客户提供多样化的入金方式、丰富的交易产品以及高效的订单执行,一直是我们持续优化的重点。您的信任对我们非常重要,感谢您选择 MDM,期待为您带来持续稳定的交易体验。 — MDM 团队

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