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Thanh Thao
1-2 years

Can you tell me what the typical spread is for EUR/USD when trading on a standard account with Midas Securities?

Broker Issues
Midas Securities
Fees and Spreads
08-17
United States
WikiFX
Reply

Based on my careful review of Midas Securities and the information available, I was unable to find any mention of forex trading or specific spread data for currency pairs like EUR/USD. My experience as a trader tells me that understanding spreads is essential for managing trading costs—especially for popular pairs such as EUR/USD, where even small changes can impact your results over time. However, Midas Securities appears to focus primarily on Hong Kong-listed stocks, bonds, ETFs, and related derivatives, rather than spot forex trading. Their platform and product descriptions, fee schedules, and account offerings all revolve around securities rather than currencies. In my own due diligence, if a broker doesn’t clearly publish spread information or if their main business isn’t forex, I personally proceed with caution. Unclear or absent spread disclosures can lead to unexpected costs or limitations. If you are specifically looking to trade EUR/USD or other forex pairs, I believe it’s wise to directly contact Midas Securities to clarify whether they truly offer spot forex and what the typical spreads are. Alternatively, choosing a broker that is transparent about their forex spreads and specializes in currencies is, in my experience, a safer and more predictable approach.

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