Global Broker Regulation Inquiry App
WikiFX
Vladimir 
1-2 years
Is Midas Exchange regulated?
Broker Issues
Regulation
06-06
United States
WikiFX
Reply
Yes, Midas Exchange (HK Jinxiang International Limited) is regulated by the Chinese Gold & Silver Exchange Society (CGSE) in Hong Kong. It holds a Type AA License (License No. 129), which provides a certain level of legitimacy. While I feel a bit more secure knowing that they are regulated by CGSE, I would still be cautious given that it’s not one of the major financial regulators like the FCA or ASIC.
Similar Questions
What are the pros and cons of IMPULSE WORLD in terms of regulation?
Franko Knavs
07-16
Have you encountered any drawbacks with Ata Yatırım’s customer service or the reliability of their platform?
Tom Nalichowski
06-13
What are the pros of APC Prime?
MarceloD
03-02
What are the risks of trading with TMi Markets given its unregulated status?
Ibgentle
03-07
Is Colmex Pro safe and legit?
Wahab
06-13