Is Midas Trend a scam? Be sure to read before investing

A MTrend trips it even appeared on Domingo Espetacular, it was the subject of a report on Brazilian TV channels and several investment portals in Brazil.   

A.MTrend trips gained prominence in the media after many customers start reporting the company to TV channels. In the report we saw on Record and TV Globo, it is possible to see the case of people who lost a lot of money with MTrend trips. 

It is moving to see that most victims in the story sold assets, to invest in something as dubious as this company.  

What is Midas Trend? 

Midas Trend offered investment arbitration in bitcoin and offered investment plans with fixed return and quick return. The company owner drift Santos, in early 2020 appeared on social networks saying that the company's headquarters would migrate to Canada.

The change of the new headquarters already gave evidence of fraudulent operations in Brazil, called MInternational Trend, this was a move by drift Santos to leave the country. The bomb exploded soon after in the media, when the company started to accumulate numerous complaints for financial fraud. TV channels began to expose the Midas Trend scheme to the whole of Brazil.   

How does it work? 

Midas Trend promised fixed gains on the capital invested in its platform and its Boots Midas. The problem is that Midas Trade's investment platform did not exist. What existed was a system structured by multilevel marketing. See the banner of plans:  

Midas Trend sold plans for the robot, called Boots Midas, the Boots Midas never existed. The company also had exchange, the call exchange Midas Trend, we try to access the platform at the address www.exchangemidas.com but the site is down.  

It is common to see that the most searched terms related to the company are: Midas trends login, office midas trends, Midas trends login login and midas trends get in. Terms leading to the Midas exchanger website that is down.  

Since 2019, the company has blocked login access for investors on the Midas Trend website and Midas Trend office. The Midas Trend site is also down, we try access and the server is unavailable.   

Registration on the site was easy, just click on register new account and the person entered their personal data.

But what happened regularly is that people would attract new members, so the old members personalized an affiliate link within the Midas platform and presented the business plan through youtube , videos and even face-to-face meetings in hotels.   

Midasduring official 

The attractive business plan distracted people from the financial pyramid scheme, structured on top of multilevel marketing. You can find some videos on YouTube and websites that feature Midas Trend's business plan. 

The company promised monthly fixed earnings with its robot technology, they did not explain about the robot's technique nor did it give the robot's history of cryptocurrency operations.

They said the technology was Asian, they didn't explain how it worked, but they listed the advantages and benefits of investing in a Midas Bot plan.  

Midas Trend is trustworthy ?

No, Midas Trend is not to be trusted. The investment platform did not exist, the Midas Trend robot gains have no history of financial operations.

Our tip, whenever investing in a trading robot, look for the trading history of that Boots, look for the operation technique of that robot and the robot's maximum DD. There is no robot with 100% assertiveness in the financial market, investments are always subject to risks. 

It is impossible to promise fixed profitability in a variable income market, after all, this robot would be subject to making mistakes in some of its operations. But Midas Trend's big problem was the financial pyramid scheme.  

Is Midas Trend a pyramid?  

Yes, the nature of Midas' business trend needed indications, that is, without new members the system would not be able to maintain itself.  

The Complaint Here is full of complaints about Midas fraud, most people want to get their money back.

The problem with these financial transactions is that they happened through bitcoin and cryptocurrency wallets that are encrypted, meaning it is impossible to trace the origin of the money. And the transfers in cryptocurrencies they are fast, it takes a few hours.   

But the owner of Midas, has many impediments to refund the money by bitcoin for his customers. We can see this in the statement of the complaint here.  

Is Midas Trend safe? 

The company is not secure and does not pay its customers. The owner of Midas did not give a coherent explanation of what happened at the company, drift Santos placed the blame on an alleged hacker.  

Of course, there is no hacker, because drift Santos constantly contradicts himself to explain what happened at Midas Trend. Currently your profile Instagram is blocked, but he still has more than 70 followers. Many accompanies drift Santos to hear his pronouncement via live, in the latter he raised some expectations for the payments of his clients, which has not yet happened.  

Midas Trend news  

The company has a millionaire debt of R $ 45 million, but in the most recent report by TV Record, the debt reached R $ 55 million. The company also had an alleged financial asset “midas token”, a fake digital currency that is worthless in the market. 

Thousands of people bought the Midas Token for $ 5. drift Santos said the currency was linked as real estate ventures, but showed no evidence about cryptocurrency relationships and investments in real estate.

People really bought the business proposal from drift and his fake cryptocurrency. O owner of Midas Trend is being accused of fraud. 

Midas Trend is fraud 

One of the main features of the pyramid is seeing the old members invite new members to the venture. Company advertising and recruiting new customers were intensive. 

The plans were structured on the earnings of new members, there was no arbitrage in Bitcoin. Be wary of any investment company that promises that it has tripled its capital in a short time. This happened with Midas Trend, they promised gains of up to 3 times more in less than 1 year. 

The president of the company talked a lot about his experience in cryptocurrencies, said that he had 4 years of immersion in the cryptocurrency market, an argument that expressed authority on the subject, after all most people do not know about operations in bitcoin and cryptocurrencies, much less how to buy bitcoin in Brazil. The attractive and convincing presentation was expensive for thousands of people.  

The company broke down at the end of 2019, in the period it closed it had already stopped paying its customers within the platform and prevented them from accessing the official website.  

Recent news about the company

Midas has an estimated loss of R $ 55 million. Unfortunately it is common to see the combination of multilevel marketing and cryptocurrencies, several companies in Brazil used this approach to attract customers. The most famous case today is about the company nick Forex . 

Always be wary of the promise of fixed earnings on cryptocurrency platforms and Traders Union: Best Low Spread Forex Brokers. GVC prohibits the capture of investors for collective plans and the intermediation of operations on Brazilian soil for Traders Union: Best Low Spread Forex Brokers and cryptocurrencies. 

Forex  it is not a regulated market in Brazil, so some people take advantage of loopholes in the law to deceive people in the financial market. 

But it is possible to operate Traders Union: Best Low Spread Forex Brokers in Brazil, this is a profitable market, we advise you not to outsource your operations in the market and look for credible international platforms. Don't fall for false investment promises. 

People who have registered on the Midas website are unable to log into the Minas Trend system or the Midas Trend application. The app is still available on the Play Store, it has an investment portfolio, which probably doesn't work anymore, so don't use or send bitcoin for it virtual wallet. 

How did the scheme happen? 

The scheme was structured in the form of a pyramid and the old members needed to recruit new members directly or indirectly. Each new affiliate would be part of an investment team, who indicated earned 10% of the team's profits.  

There were countless ways of earning on top of the pyramid scheme, there was a more famous one called 5 × 6 matrix, where Midas offered a residual bonus for those at the top, or called level 5 of pyramid. See photo we took from the site Behinh Me.  

The top positions, level 5 are the first level of the Midas Trend pyramid, a new level with 5 positions was subsequently generated, the 5 positions generated 25 more and the last level of the pyramid would need 125 members.  

In the case of the head office, the person became a kind of associate of the company and had to pay R $ 24,90 monthly, this fee was later divided between commissions for the company levels. pyramid. For example: 

• Midas paid 50 cents per seat at level 1, which subsequently generated 5 new positions. 
• I paid 1 reais for level 2 vacancies that generated 25 new members.  
• R $ 1,50 for level 3 that had 125 positions. 

The scheme could continue to expand and reach level 6, which generated 15.625 positions. In a way, the company's fake arbitrage robot, the fake cryptocurrency, wasm just a decoy to the truthiro scheme: financial pyramid.