Midas is Turkey’s first fully digital stock brokerage enabling investors to trade in both the Turkish and US stock markets. Midas offers commission-free trading of Turkish stocks, low transaction fees for investments in US stocks, and free live market data. For only a $1.50 flat transaction fee, users can now invest in popular American stocks such as Tesla, Apple, and Google.
Relevant SEC and FINRA fees may apply.
Founded in 2020 by Egem Eraslan and Umut Bozkurt, Midas aims to radically democratize access to investing in Turkey. Prior to Midas, Turkish residents did not have the opportunity to invest in popular US stocks for many reasons, ranging from high minimum balance requirements to expensive transaction fees. Midas emerged from a realization that there was a need to provide Turkey with an accessible way to start investing.
“Even with access to US equities, the Turkish Lira to US Dollars conversion makes it very expensive to buy full shares, especially for stocks like Amazon which are hugely popular. Midas is the first and only broker in Turkey to introduce fractional investing.” - Egem Eraslan
Midas is on a mission to empower investors in Turkey by offering a trading app that is accessible and fair. By expanding access to both the Turkish and US financial markets, they hope to contribute to establishing a more equitable society. With Midas, Turkish investors are enabled to invest their money how and where they choose.
Midas Key Features
- Access to Turkish and US stock markets
- Commission-free trading of Turkish stocks
- Fractional share* trading of US stocks
- Free live market data
Midas Powered by Alpaca Broker API
Midas’ partnership with Alpaca enables users in Turkey to invest in the US stock market by leveraging Broker API to provide fractional share trading, market data, and more. Users can invest with no minimums, trade Turkish stocks commission-free, and invest in US stocks with low transaction fees.
“Broker API is clean, flexible, and capable. We love working with the Alpaca team on delivering what our customers need. Broker API allows us to build the best trading experience for our users and we are excited to be a part of Alpaca’s journey.” - Egem Eraslan
Alpaca is a globally distributed financial technology company that is democratizing global access to financial markets starting with our API-first stock brokerage. Alpaca offers commission-free stock trading via API, a suite of developer APIs for brokerages, advisors, and startups, as well as a market data API. Alpaca APIs enable developers and entrepreneurs from around the world to connect their applications to the US Stock Market.
*A security being available for fractional share trading is not a recommendation; whether to use fractional shares at all or to invest in any specific security. A security’s eligibility on the list of fractional shares available for trading is not an endorsement of any of the securities, nor is it intended to convey that such securities have low risk. Fractional share transactions are executed either on a principal or riskless principal basis, and can only be bought or sold with market orders during normal market hours.
Investing and investment strategies involve risk, including loss of value and the loss of principal. Past performance does not guarantee future returns or results.
Midas and Alpaca Securities LLC (“Alpaca”) are unaffiliated. Brokerage services are provided by Alpaca Securities LLC ("Alpaca"), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc.
Commission-Free trading means that there are no commission charges for Alpaca self-directed individual cash brokerage accounts that trade U.S. listed securities through an API. Relevant SEC and FINRA fees may apply.
Technology and services are offered by AlpacaDB, Inc. Brokerage services are provided by Alpaca Securities LLC (alpaca.markets), member FINRA/SIPC. Alpaca Securities LLC is a wholly-owned subsidiary of AlpacaDB, Inc.