Midas review

Midas charges an account fee of TRY 0 and prices itself around low fees. Stock trades cost $1.50 each, and money goes in free, listed as Free deposits. Because the account fee is TRY 0, holding an account open adds nothing extra between trades.

Midas is regulated in Turkey by Sermaye Piyasasi Kurulu (SPK), and the legal entity behind the brand is Midas Menkul Degerler A.S. The company was founded in 2021 and operates from Turkey, so the regulator named here applies to the whole account rather than a foreign branch.

A single account covers stocks, etfs and forex, and the listed features add fractional shares, options and a mobile app. That means shares, funds, bonds and crypto sit together in one place instead of needing a separate platform for each asset type.

The minimum deposit is $0, so an account can be opened without funding it in advance, and Free deposits covers funding in. Support runs on phone and chat if a transfer does not go through as expected.

Midas lists mobile app, and the feature set names a mobile app rather than a desktop or web platform. So the account suits people happy to trade from a phone rather than a laptop, since mobile app does not include a desktop option.

Midas lists experienced and beginners, so the account is pitched at beginners and experienced users alike. With an account fee of TRY 0 and fractional shares on the feature list, a starter order can be small without a monthly charge attached to it.

Across the brokers covered, a typical share of 70.15% of retail accounts lose money, with results running 65.75% to 74.5%. That is a wider category figure rather than a Midas specific number, so treat it as context for any account you open.

Midas has an account fee of TRY 0 and a minimum deposit of $0, which ranks 1 for that field. Stock trades cost $1.50, so the running cost depends more on how often you trade than on keeping the account open.