Midland Securities Ltd has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.midlandsecuritiesltd.com.
The only good thing about Midland Securities Ltd is that they remind you why regulation matters. I found them after a friend recommended them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Good analytical tools|Easy to use platform
Cons: Slow to add new assets
The onboarding at Midland Securities Ltd was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Personal attention|Tax reports included|Easy to use platform|Good analytical tools
Cons: No crypto staking|Currency conversion fee exists
Customer support at Midland Securities Ltd seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Stable platform|Customizable dashboard|Intuitive for beginners|Wide product range
Cons: Would like more payment methods|Desktop app not available on Linux
The hidden fees at Midland Securities Ltd are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Transparent fees|Wide product range|Regular updates|Easy to use platform
Cons: Spreads widen during volatile periods
I was contacted by Midland Securities Ltd through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
If you are reading this considering Midland Securities Ltd - run. I wish I had read more negative reviews when my bank disappointed me and I searched for alternatives. I thought the positive ones were real. Maybe some are. My experience over since I retired last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Regular updates|Competitive fees|Transparent fees
Cons: Slow to add new assets
I wanted to transfer my portfolio from another broker to Midland Securities Ltd. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Responsive team|Excellent charting
Cons: No fractional shares
Midland Securities Ltd offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multiple order types|Clean UI
Cons: No fractional shares|Nothing significant
I closed a profitable position at Midland Securities Ltd and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Multi-device support|Instant funding|Personal attention
Cons: Inactivity fee applies after 12 months|None so far
I opened an account with Midland Securities Ltd for just over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Good mobile app|Regular updates|Fast deposits
Cons: Limited demo account features|Limited ETF selection