Brokers
Midas
Stocks, funds, crypto and VIOP in one app; no CFDs. No stock commission on Borsa Istanbul.
Comparison table
- Regulation
- SPK (Midas Menkul Değerler A.Ş.)
- Spread (pips)
- —
- Commission
- BIST stocks: free; US exchanges: $1.5 per trade; European exchanges: €1.5 per trade; crypto: 0.15%–0.10%; VIOP: 0.05%–0.01%
- Leverage
- —
- Min deposit
- 0 TRY
- Execution
- —
- Platforms
- Proprietary
- Instruments
- Stocks, Crypto, Futures, Commodities
- Account types
- Individual investment account (no separate account types published); Midas Pro membership; Atlas web interface
- Deposit methods
- Money transfer into the account is free (methods are not detailed on the fees page)
- Swap-free account
- No
Pros
- No stock commission, account-maintenance, settlement or custody fee on Borsa Istanbul (for Midas Menkul Değerler accounts)
- A flat 1.5 USD/EUR fee per trade on US and European exchanges; fractional shares available
- SPK-authorised broker; the firm states that investments are protected under Law No. 6362 and held in the client's name
- SIPC coverage of up to $500,000 for the US investment account (the firm's statement)
- Stocks, funds, crypto, VIOP, options and warrants in one app; US exchanges open 24 hours on weekdays (per the site)
Cons
- No CFD or leveraged forex product is listed; the product set is not aimed at short-term leveraged trading
- Borsa Istanbul margin loans carry annual interest of 48.5%–66.5% (depending on the amount borrowed)
- On US stocks under $1, an extra $0.005 per share above 300 shares; ADRs carry a periodic service fee of $0.01–$0.03 per share
- Crypto commission is 0.15%–0.10% by monthly volume; VIOP 0.05%–0.01%; warrants 0.20%–0.12%
- Commission promotions and fees can be changed or ended by Midas; trades through Matriks platforms carry a separate commission and BSMV
Full review
Midas is not a CFD broker but an investment app based in Türkiye: one app gives access to Borsa Istanbul, US and European stocks, TEFAS funds, crypto assets, VIOP, options and warrants. There is no stock trading commission or account-maintenance fee on Borsa Istanbul; US and European exchanges carry a flat fee of 1.5 USD/EUR per trade.
Costs (Midas Menkul Değerler accounts). Borsa Istanbul: no stock commission, account-maintenance, settlement or custody fee; warrant commission 0.20%–0.12%; VIOP 0.05%–0.01%. US and European exchanges: flat 1.5 USD/EUR per trade, with free account maintenance and money transfers. Crypto: 0.15%–0.10% by monthly volume. Options: $1.50 per contract ($0.25–$0.50 above 500 contracts). Borsa Istanbul margin loans carry 48.5%–66.5% annual interest. Fees and promotions can change.
Protection. The firm states that investments are protected under the Capital Markets Law No. 6362 and that shares are registered and held in the client's name. It states that the US investment account has SIPC coverage of up to $500,000 (its own statement). The legal-notices page lists framework agreements, including an Alpaca Securities LLC declaration.
Companies and authorisation. Investment services are provided by Midas Menkul Değerler A.Ş., authorised by the Capital Markets Board (SPK); crypto-asset services are provided by Midas Kripto Varlık Alım Satım Platformu A.Ş., and access through the apps is provided by Midas Finansal Teknolojiler A.Ş. The firm says it was founded on 28 October 2020 and obtained its SPK licence on 31 March 2021; the licence (authorisation certificate) number does not appear on the open pages of the site, where the certificate is published as a separate document.
Products and platform. Access to Borsa Istanbul, US and European stocks, TEFAS funds, crypto, VIOP, options, warrants and commodities such as gold, silver and Brent, all through the Midas app (and the Atlas web interface). No CFD or leveraged forex product and no MT4/MT5-type platform is listed on the site. There is no minimum amount: fractional trades on US stocks are possible from $1.
Use from Türkiye. Opening an account only requires downloading the mobile app; the service is provided by a Turkish broker aimed at Türkiye.
Sponsor note: Midas is one of GLADIO's sponsors. Data was taken from the firm's own sites (getmidas.com and midasmenkul.com) on 10 October 2026; fees and promotions can change, so check the current page before opening an account.