MidasFX is an offshore forex and CFD broker that offers online trading services globally. The broker provides access to a variety of trading instruments, including Forex, Cryptos, Indices, Metals. MidasFX is an unregulated broker, so it can high leverage and unrestricted trading, which are often restricted in many regulated markets. However, the lack of regulation also exposes traders to potential risks. Despite this, many traders opt for MidasFX due to its competitive trading conditions, high leverage, and lower minimum deposit
MidasFX offers two main trading platforms, including MT4, MT5. These platforms provide charts, indicators, and tools for trading in global financial markets, and support advanced trading features such as automated strategies, one-click trading, customizable layouts, and fast execution speeds.
In this article, we will explore each platform of MidasFX, highlighting their features, benefits, and the types of traders they are most suitable for. By the end, you’ll have a clear understanding of how these platforms work and how they can help improve your overall trading experience
A List of Trading Platforms Offered by MidasFX
MidasFX offers two major trading platforms. They include
- Meta Trader 4 (MT4)
- MetaTrader 5 (MT5)
The Platforms of MidasFX Reviewed
MidasFX offers the most popular trading platforms for the convenience of traders and investors. These platforms include MT4, MT5, etc. These platforms are equipped with powerful features to enhance trading performance, whether you are a beginner or an experienced professional. Here are the features, pros, and cons of the trading tools offered by MidasFX.
MetaTrader 4 (MT4):
Founded in 2005, MetaTrader 4 (MT4) is one of the most popular trading platforms globally, renowned for its simplicity and versatility. Offered by MidasFX, MT4 caters to both beginners and experienced traders with its user-friendly interface and extensive range of trading tools. From forex to CFDs, the platform supports various instruments, making it a go-to choice for many traders.
Key Features:
- Advanced charting tools with customizable options
- Support for automated trading via Expert Advisors (EAs)
- Over 30 pre-installed technical indicators for market analysis
- Multiple order types, including pending and market orders
- Real-time price quotes and live market updates
Pros:
- User-friendly interface suitable for both beginners and experienced traders
- Highly customizable with custom indicators and strategies
- Extensive community support with access to forums, plug-ins, and tools
- Secure, encrypted trading environment
Cons:
- Limited timeframes and charting tools compared to MetaTrader 5
- No integrated economic calendar
- Does not support direct cryptocurrency trading
MetaTrader 4 is best suited for forex traders, algorithmic traders, and those who value a simple yet powerful trading environment. It is particularly ideal for beginners seeking an easy learning curve and professionals relying on automated systems. To learn more, read our article on the MidasFX MT4 Trading Platform.
MetaTrader 5 (MT5):
MidasFX offers Metatrader 5 (MT5) to its clients for free. MetaTrader 5 (MT5) is the successor to MT4, offering an even more advanced and feature-rich platform for traders. Developed by MetaQuotes, MT5 provides additional tools and capabilities, making it suitable for more experienced traders. Offered by MidasFX, MT5 expands on the capabilities of its predecessor by introducing more timeframes, advanced charting options, and support for additional asset classes like stocks and futures.
Key Features:
- Enhanced charting tools with more timeframes and indicators
- Support for multi-asset trading, including forex, stocks, and futures
- Built-in economic calendar for tracking market-moving events
- Advanced order types, including buy-stop limit and sell-stop limit orders
- Automated trading with improved Expert Advisors (EAs) and strategy testing
Pros:
- More advanced charting options and timeframes than MT4
- Integrated economic calendar to stay updated on global events
- Supports trading a wider range of assets, including stocks and futures
- Improved backtesting and strategy testing for automated trading
- Enhanced order execution with advanced order types
Cons:
- The steeper learning curve for beginners compared to MT4
- Can be more resource-intensive due to its advanced features
- Smaller third-party community support compared to MT4
MetaTrader 5 is best for experienced forex traders, multi-asset traders, and algorithmic traders who require more advanced features and greater flexibility. It is particularly ideal for traders looking to trade not just forex, but also stocks and futures, and who want more robust tools for automated trading and strategy testing. To learn more, check out our article on the MidasFX MT5 Trading Platform.
Comparing MidasFX’s Trading Platforms and Tools with Other Offshore Forex Brokers
Forex brokers provide various trading platforms and tools, offering traders flexibility and enhanced trading options. Here is a simple comparison of MidasFX’s platforms and tools with those of its main competitors, so you can easily see which broker provides which features.
| Brokers Name | Trading Platforms | Tools |
| PlexyTrade | MT4, MT5 and TradeLocker | VPS Hosting, Economic Calendar, Trading Calculators, Education, Alpha Generation Plugin, Technical Views, Market Buzz |
| Kot4x | TradeLocker | |
| SolidECN | MT5, WebTrader | Economic Calendar, News Portal |
| N1CM | MT4, MT5 | Analysis, Economic Calendar, Autochartist |
| Zforex | MT5, cTrader | Trading Ideas, Economic Calendar, Trading Analysis, Market News, Daily Forex Analysis, Weekly Analysis, Market Notifications |
| MidasFX | MT4 and MT5 | |
| xChief | MT4, MT5 | Analytical Reviews, Economic Articles, Currency Charts, Interest Rates, Trader’s Calculator |
Frequently Asked Questions (FAQs)
What is MidasFX?
Founded in 2020, MidasFX is an online forex and CFD broker. It is an offshore forex broker that offers 100+ trading instruments including forex, metals, energies, stock indices, and cryptocurrencies to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of MidasFX is as high as 1:1000.
What platforms does MidasFX use?
MidasFX offers two main trading platforms: MT4, MT5.
Does MidasFX Charge Fees for Platforms?
No, MidasFX does not charge any fees for using its trading platforms, such as MT4, MT5. Traders can also access the default indicators and basic tools on these platforms free of charge. However, some advanced third-party tools or premium services may have separate costs.
Final Verdict:
MidasFX is an offshore forex broker. It offers a range of trading platforms and tools designed to support all types of traders. The platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), each equipped with unique features to meet various trading needs. MT4 is ideal for beginners and algorithmic traders, while MT5 provides advanced charting and multi-asset support.
With its comprehensive selection of platforms and tools, MidasFX offers the resources needed to execute strategies effectively and stay competitive in the forex and CFD markets.
