Today, investing has started to take a very important place. Midas, a domestic stock market venture, is planned for commission-free stock trading on foreign exchanges. There are stock transactions within the platform, but trading transactions cannot be performed at the moment. What is Midas in our article today? We will explain whether it is reliable.
Today, although the number of users is not high, Midas is developing thanks to the policies it implements. But in its current state, operations are somewhat limited.
Midas, officially known as Midas Menkul Değerler A.Ş. Midas is an institution authorized and supervised by the Capital Markets Board (CMB). Just like banks, it is an institution that is regularly audited and acts in accordance with the law.
Is Midas Trustworthy?
Users’ investments with Midas are protected by the Capital Markets Law No. 6362. Midas is also among the institutions responsible for the laws and regulations of the Financial Crimes Investigation Board. In this context, it has to act in accordance with all laws, regulations and communiqués.
Midas is also a brokerage house that is a member of the Investor Compensation Center (YTM). A situation that customers are wondering is whether their investments will stay in any negative situation.
Even if Midas’ financial situation deteriorates, losses up to 100 thousand TL of investors are fully covered by YTM. This is an indication that your investments are under YTM guarantee.
Who Owns Midas Securities?
Midas was founded on October 28, 2020 by Egem Eraslan and Umut Bozkurt.
See also: What is HubSpot? How to use?