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Best Midas alternatives 2026

If Midas is not right for you, these 8 brokers offer similar services. They are ranked by licence strength and by how closely their markets, platforms and accounts match Midas.

  1. IG

    IG

    Licences
    FCA, ASIC, DFSA, CFTC
    Min. deposit
    $0
    Islamic account
    No
    • IG holds 10 licences from strong regulators, against 0 for Midas.
    • IG offers MetaTrader 4, MetaTrader 5, which Midas does not.
  2. Licences
    FCA, ASIC, SEC, FINRA
    Min. deposit
    $0
    Islamic account
    No
    • Interactive Brokers holds 10 licences from strong regulators, against 0 for Midas.
    • Interactive Brokers offers Web Trader, Mobile App, which Midas does not.
  3. Licences
    FCA, ASIC, CFTC, NFA
    Min. deposit
    $0
    Islamic account
    No
    • Oanda holds 7 licences from strong regulators, against 0 for Midas.
    • Oanda offers copy trading; Midas does not.
    • Oanda offers MetaTrader 4, MetaTrader 5, which Midas does not.
  4. Licences
    FCA, CySEC, DFSA, SFC
    Min. deposit
    $1,000
    Islamic account
    No
    • Swissquote holds 6 licences from strong regulators, against 0 for Midas.
    • Swissquote offers MetaTrader 4, MetaTrader 5, which Midas does not.
  5. Licences
    CySEC, ASIC, CBI, FSCA
    Min. deposit
    $100
    Islamic account
    Yes
    • AvaTrade holds 4 licences from strong regulators, against 0 for Midas.
    • AvaTrade offers a swap-free Islamic account; Midas does not.
    • AvaTrade offers copy trading; Midas does not.
  6. Licences
    CySEC, ASIC, FSA, MAS
    Min. deposit
    $50
    Islamic account
    Yes
    • MultiBank Group holds 3 licences from strong regulators, against 0 for Midas.
    • MultiBank Group offers a swap-free Islamic account; Midas does not.
    • MultiBank Group offers copy trading; Midas does not.
  7. Licences
    FCA, CySEC, ASIC, DFSA
    Min. deposit
    $0
    Islamic account
    Yes
    • Pepperstone holds 4 licences from strong regulators, against 0 for Midas.
    • Pepperstone offers a swap-free Islamic account; Midas does not.
    • Pepperstone offers copy trading; Midas does not.
  8. Licences
    FCA, CySEC, FSA, FSCA
    Min. deposit
    $10
    Islamic account
    Yes
    • Exness holds 1 licences from strong regulators, against 0 for Midas.
    • Exness offers a swap-free Islamic account; Midas does not.
    • Exness offers MetaTrader 4, MetaTrader 5, which Midas does not.