Reported as a scam / unregulated
Why MIDASFX is on the register
MIDASFX does not disclose any regulatory information, only displaying a registered address in Saint Lucia and a physical presence in Georgia. While we did locate Midas Fx Ltd. within the Saint Lucia IFC registry, this constitutes only an International Business Company (IBC) registration, not a license to operate as a forex broker. Notably, Saint Lucia currently has no financial authority that regulates forex trading activities. Furthermore, our search of the licensed brokerages list maintained by The National Bank of Georgia (NBG) yielded no record of this entity. Therefore, MIDASFX is not authorized by any recognized regulatory body, indicating a high likelihood of fraudulent operation.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.