MidasFX — MyVeridex Integration Guide
Connect your MidasFX account to MyVeridex and track your trading performance with 30+ professional metrics — Sharpe ratio, Sortino ratio, Calmar ratio, max drawdown, R-multiple, expectancy, consistency score, and profit factor. MidasFX supports MT4 across 2 trading servers, all fully compatible with the MyVeridex read-only investor-password connection flow.
Why MidasFX traders choose MyVeridex
MidasFX's native platform gives you execution and a simple P&L history, but it stops short of the risk and performance analytics that prop firms, investors, and serious retail traders actually evaluate traders on. MyVeridex fills that gap without any EA, VPS, or broker-side setup.
- Risk-adjusted performance metrics — Sharpe, Sortino, Calmar, and R-multiple calculated from every closed MidasFX trade. These are the exact metrics FTMO, FundedNext, and prop funds use to evaluate trader applications.
- Drawdown and consistency tracking — Real-time daily and max drawdown, consistency score across sessions, and rolling profit-factor windows. Critical for managing MidasFX prop-firm accounts where breaching a daily loss rule ends the evaluation instantly.
- Trade journal and tagging — Attach notes, screenshots, setup tags, and emotion scores to each MidasFX trade. Filter by setup to see which patterns actually make money on your account, not which ones feel lucky.
- Verified public profile — Generate a read-only link to your MidasFX track record. Prop firms accept MyVeridex profiles as proof of consistent trading history. Also works for attracting investors or collaborating with other traders.
- Multi-account dashboard — Track multiple MidasFX accounts (live, prop, demo) side-by-side with aggregate performance. See at a glance which account is actually profitable over your chosen window.
How to connect your MidasFX account (2 minutes)
- In your MidasFX terminal (MT4), open Tools → Options → Server and locate your investor password. If you have never used it, request it from MidasFX support or generate one in your account portal — every broker offers it free.
- Create a free MyVeridex account (7-day trial, no credit card). On the dashboard click Connect Account, select your platform, and pick MidasFX from the broker list.
- Choose your MidasFX trading server from the auto-populated list, then enter your account number and the investor password. MidasFX runs on MT4 using the standard investor-password handshake — read-only access that reveals trades and balance but cannot place orders.
- Your trades sync instantly. The first 30 days of history populate in about 2 minutes; your full account history follows over the next several minutes. All metrics update in real time as new trades close.
Frequently asked questions about MidasFX on MyVeridex
Does MyVeridex officially support MidasFX?
Yes. MidasFX is fully tested on MyVeridex across MT4 and 2 trading servers. The connection uses a direct investor-password handshake — no broker-side integration required, no approval needed from MidasFX, no EA to install. If you can log into your MidasFX investor account, MyVeridex can track it.
Is it safe to share my MidasFX investor password?
Yes. The investor password is by design read-only — it allows a third party to view trades, balance, and equity but cannot place, modify, or close orders, and cannot withdraw funds. Even if the credentials leaked, no one could trade on your MidasFX account or move money. MyVeridex encrypts credentials at rest and in transit.
Can MyVeridex place trades on my MidasFX account?
No, never. MyVeridex is strictly a tracking and analytics platform. It reads closed trades and open positions for performance calculation, but it does not have the master password and cannot interact with the trading terminal. Your MidasFX master credentials stay with you alone.
How much does it cost to track my MidasFX account?
MyVeridex starts with a 7-day free trial, no credit card required. After the trial, paid plans begin at €9/month for one MidasFX account with full feature access, and €19/month for up to ten accounts (ideal for traders running multiple MidasFX prop-firm evaluations in parallel). There are no per-trade fees or data limits.
Does MyVeridex work for MidasFX prop-firm or funded accounts?
Yes — prop-firm evaluation accounts are one of the most common MyVeridex use cases on MidasFX. Many traders use it to monitor daily drawdown against prop-firm rules, watch consistency score in real time, and export a verified track record when they transition from evaluation to funded. Most prop firms permit external read-only analytics; check your specific firm's terms of service if you're unsure.
Do I need a VPS or Expert Advisor to connect MidasFX?
No. Unlike traditional tracking tools (Myfxbook, FX Blue) that require you to install and maintain an Expert Advisor on a VPS, MyVeridex connects directly via your broker's investor password over the MetaTrader server. Zero installation on your side, zero VPS costs, zero EA crashes to debug.
Free tools for MidasFX traders
Complement your MidasFX tracking with MyVeridex's free calculators — no signup, no paywall:
- Pip calculator — pip value, profit/loss, and spread cost across 28+ pairs in your MidasFX account currency
- Position size calculator — calculate exact lot size for any risk percentage, critical for staying within MidasFX prop-firm daily loss limits
- Prop firm comparison — compare FTMO, FundedNext, TopStep, and other firms side by side to find the best evaluation structure for your MidasFX strategy