Is MidasTrade a Scam Broker? 

MidasTrade claims to offer clients the opportunity to invest in cryptocurrency mining. This is an exciting new field that few people truly understand, and it is likely that clients may have too much reliance on brokers to explain the process to them. Unfortunately, many investments schemes such as MidasTrade pop up which are not licensed and offer unrealistic returns. For instance, according to the website, the promised returns are 7% a day which is impossible. 

 Is MidasTrade a Scam or Legit Broker?

Traders who want to get involved with cryptocurrency should never use an unlicensed broker or platform. Although the terms and conditions are honest about MidasTrade’s unlicensed status, it attempts to convince customers that they do not have a right to leave bad reviews without “permission” or share any information about MidasTrade with a third party. Those who feel they have been cheated by this broker should not be intimidated by these bogus terms and seek fund recovery right away. 

Here are some problems we have discovered from our research on MidasTrade and reviews:  

• No license
• Fake, guaranteed returns
• Terms attempt to silence customers
• Badly written content
• No transparency

Our experts do not recommend MidasTrade.  We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by MidasTrade or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.