Midori FX offers a wide range of assets, very high leverage up to 1:2000, and the MetaTrader 5 platform, but its FSCA license is currently exceeded, indicating no active regulatory protection and posing increased risks for traders.
What Is Midori FX and What Trading Services Does It Offer?
Midori FX is a relatively new South African forex broker, established in 2023 and providing trading through the advanced MetaTrader 5 platform. It offers over 57 currency pairs, stock indices, metals, commodities, and other CFDs. The broker supports three account types — Standard, Raw, and Bull — catering to different trader needs, including zero minimum deposit accounts and high-leverage access.
How Is Midori FX Regulated and Why Does That Matter?
Midori FX claims regulation by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 53077. However, WikiFX indicates this license status as Exceeded, meaning it is no longer active or valid. This lack of valid regulation significantly increases risk for traders as:
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Client funds are not guaranteed to be segregated or protected
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There is no official oversight to ensure fair trading practices
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No investor compensations or dispute resolution mechanisms are assured
Consequently, traders should exercise extreme caution and verify updates on regulatory statuses through trusted platforms such as WikiFX.
Which Trading Platforms and Instruments Does Midori FX Support?
Midori FX operates exclusively on MetaTrader 5 (MT5), celebrated for its ease of use, advanced technical indicators, multiple chart types, and algorithmic trading support. The platform facilitates trading in more than 57 forex pairs, major indices, commodities such as gold and oil, and supports 24/7 market access. Its technical toolbox offers traders broad analytical capabilities essential for strategic trading.
Why Does Midori FX Offer Very High Leverage and What Are The Implications?
Midori FX provides leverage up to 1:2000, especially on its Bull account aimed at aggressive traders. While high leverage can amplify profits, it simultaneously escalates potential losses. Such leverage is generally disallowed or restricted by regulators in many countries, reflecting a risky trading environment that demands strict risk management from traders.
How Competitive Are Midori FX’s Fees, Spreads, and Account Types?
| Account Type | Minimum Deposit | Spread (from) | Commission | Leverage | Special Features |
| Standard | $0 | From 0.2 pips | No | Up to 1:1000 | No deposit required |
| Raw | $0 | From 0.0 pips | $6 per lot round | Up to 1:1000 | Commission-based tight spreads |
| Bull | $2,000 | From 0.0 pips | No | Up to 1:2000 | Deposit bonus and tighter spreads |
These terms are attractive but should be balanced with regulatory caveats.
When and Where Is Midori FX Registered and Operating?
Midori FX is registered in South Africa under the entity Midori FX (Pty) Ltd but currently lacks an active FSCA license. The brokerage operates internationally, though the exceeded license status restricts jurisdictional regulatory oversight and investor protections.
What Are Midori FX’s Deposit, Withdrawal, and Customer Support Options?
The broker supports cryptocurrency deposits and withdrawals (BTC, ETH, XRP, USDT, BCH, LTC, DASH) as well as credit and debit cards in USD and JPY without charging deposit or withdrawal fees. Customer support is available via email and phone, with a responsive service reputation. The crypto funding options offer flexibility but require client awareness of potential volatility in cryptocurrency transfers.
Could Midori FX’s Exceeded FSCA License Impact Trader Safety?
Yes. Trading with brokers whose licenses are exceeded or revoked exposes traders to risks including lack of regulatory recourse, fund mismanagement, and unfair trading conditions. Without proper FSCA oversight, Midori FX’s operational practices cannot be independently verified, increasing overall risk.
Forex Expert Views
“Midori FX provides strong trading infrastructure via MT5 and broad instrument accessibility. However, its exceeded FSCA license significantly undermines investor confidence. Regulatory compliance is crucial in safeguarding traders’ capital and ensuring fair practices. Platforms like WikiFX serve as essential tools for traders to verify broker credentials before investing funds, mitigating risks inherent in unregulated trading environments.” — Forex Market Analyst
Conclusion: Should You Trade with Midori FX in 2025?
Midori FX’s offering of multiple account types, zero minimum deposits, and powerful trading platforms is compelling. Nonetheless, the lack of a valid South African FSCA license elevates risk levels substantially. Traders must carefully weigh potential rewards against regulatory absence, relying on WikiFX for up-to-date broker assessments and opting for brokers with clear, active licenses to ensure safer trading.
FAQs
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Is Midori FX regulated?
Its FSCA license number 53077 currently has an “Exceeded” status and is inactive.
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What platform does Midori FX use?
Midori FX supports trading exclusively on MetaTrader 5 (MT5).
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What are the minimum deposits?
Standard and Raw accounts require no minimum deposit; Bull account starts at $2,000.
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How high is the leverage provided?
Leverage goes up to 1:2000 depending on account type.
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How can I verify the legitimacy of Midori FX?
WikiFX provides real-time regulatory status and user feedback vital for verification.