Midas
A Turkish investing app for buying Borsa Istanbul shares, US stocks, funds and crypto from a phone, run through a brokerage licensed by the Capital Markets Board and open to foreigners who hold a Turkish foreign identity card.
About Midas
Midas is an Istanbul-based investing app founded by Egem Eraslan, and its brokerage services are provided by Midas Menkul Değerler A.Ş., which is licensed and supervised by Turkey's Capital Markets Board (SPK). In one app it offers Borsa Istanbul stocks and warrants, US stocks and options, TEFAS mutual funds and other markets, while crypto is handled by a separate company, Midas Kripto. Borsa Istanbul holdings are kept in custody at the Central Registry Agency (MKK). In June 2026 the company applied to the central bank for an electronic money institution licence to add a wallet and prepaid card.
Key Features
- Borsa Istanbul: Trade Turkish shares with the commission policy shown on the Midas site, which advertises zero commission on BIST trades.
- US Stocks: Buy US shares and options, with fractional investing from 1 US dollar and a published per-trade fee.
- Funds and Crypto: Invest in TEFAS mutual funds, and in crypto through the separate Midas Kripto service.
- Market Tools: Stock screener, charts and a news feed inside the app.
How to Get Started
- Make sure you are over 18 and hold a Turkish foreign identity card or a Blue Card.
- Download the Midas app from the App Store or Google Play.
- Register in the app and complete identity verification with your card.
- Add money to your Midas account as shown in the app and start investing.
Foreigners can open an account only with a Turkish foreign identity card or a Blue Card, and must be over 18, so a passport alone is not enough. The app and website are in Turkish, with no English option mentioned on the official site. Fees, commissions and available markets can change, so check the current fee page before you trade, and remember that investing carries the risk of loss.
❓ Frequently Asked Questions
Does Midas work with a foreign bank card in Turkey? Not reliably — a foreign card may be declined. Check the notice above, or plan to use a local payment method.
Is Midas available in English? Not officially — the interface is mainly in the local language.
Do I need a local phone number to use Midas? Yes, Midas requires a local phone number to register.
Do I need local ID or residency for Midas? Yes, Midas requires local ID or residency status.