Is MidasTrade a Scam Broker?
Many people are interested in cryptocurrency mining, but aren’t sure about how to get started. MidasTrade claims that it gives customers a chance to get invest in crypto mining and promises returns of 7% per day. Avoid any brokers that offer guaranteed daily, weekly or monthly returns on risky assets. Also, it should be noted that MidasTrade is not licensed.
Is MidasTrade a Scam or Legit Broker?
Not only do the poor content and false promises cause us to doubt MidasTrade, but the terms page contains some absurd requirements. Customers are implicitly agreeing to notify the broker before writing a bad review and will promise not to discuss any information with a third party. This is an attempt to intimidate customers into thinking there is no way they can file a complaint. However, these requirements have no teeth and are not a reason to delay fund recovery.
Here are some problems we have discovered from our research on MidasTrade and reviews:
- Unlicensed
- False promises of returns
- Tries to intimidate customers with terms
- Badly written content
- No transparency
ReportScamOnline experts have examined MidasTrade and have concluded that it seems like a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.