Latest posts by Marcio (see all)
- Dropbox Makes Its Way to IQ Option with Spotify Soon to Follow After Successful IPO - April 5, 2018
- IQ Option Becomes the Only Trader Offering A Short on the Dwindling Crypo Prices - March 1, 2018
- Is Ethereum The New Bitcoin On The Block? - January 19, 2018
The Midas Method is one of the latest binary options automated trading software that claims to be able to make its members $1,350 per day. Is this possible? Check our full review below!
The Midas Method app is supposedly created by Ryan Anderson that came up with automated trading software that can generate $1,350 daily by trading binary options. He claims that the Midas Method made over 2 million in pure profits for its users in one week alone. He even shows us his two trading accounts, each with over $300k, and claims that these amounts were generated using $250 minimum deposit amounts after a period of several months. And of course, he is giving away his system for free, but only to a select group of 20 users. That’s just the kind of guy he is, and he even offers an additional $250 on top of your $250 minimum deposit with their partner broker.
So is Midas Method the real deal or a real scam?
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations
- Fake claims and testimonials
- No real information at all provided
Not Reliable Service
What is Midas Method Robot?
To the surprise of absolutely no one, the Midas Method is just another scam and a lazy one at that. We usually see 3 different type of scam videos, the first and most expensive are lengthy video productions shot using hired local actors, complete with rented office spaces, mansions, and cars. The majority of these videos are also shot in Portland, Oregon for some reason. The second type of scam video is using a combination of cheap Fiverr actors with some rented locations and fake video testimonials; this is probably the most common video we see. The third and the cheapest option, is to shoot a video with no actors at all, just a cheap voiceover actor, some stolen or stock images, and text on a screen.
Guess which category the Midas Method falls into? That’s right, it falls into the third category: cheap and lazily produced scam videos. Ryan Anderson does not appear in the video at all and is just a generic name that the scammers came up with.
Of course, not having any paid actors in the video means that we can’t definitively point out the fact that they are using paid actors by conclusively identifying them. However, it also means that their final product looks like something created in the 1990s by a middle schooler and is thus totally and wholly unconvincing. While most scam videos are extremely unrealistic and unconvincing anyways, this is doubly so when all they have is some lame text on the screen with a flat voiceover trying to convince you.
How Does It Work?
All these binary options scam robots are the same, they are just unethical affiliate marketing practices. If you ever wondered why they are always offered for free, the reason is because the scammers don’t make money directly from you. You see, these scammers are affiliates of one or a few binary options brokers and they get paid when someone funds their trading account with said broker using their affiliate link, which in these cases are the robots themselves. In this manner, while you are not directly paying the scammers, the money that these scammers make indirectly come from you anyways as they get a percentage of whatever amount you deposit with their broker, which is typically unregulated.
And what about the robot itself? Well, the robot is typically just a generic whitelabel automated trading software that they reuse across multiple scams. And when customers discover it doesn’t perform as promised, it is already too late as the scammers have already made their cut and further as the robot was free in the first place, there is no recourse available.
And as for the $250 on top of your minimum $250 deposit, that is just one of those 100% welcome bonuses which usually come with a clause that restricts you from withdrawing both your initial deposit and the bonus until some minimum trading volume, usually expressed as a multiplier of your total account funds, is met. This is a standard practice in the binary options broking industry, particularly amongst unregulated ones, and is a practice we definitely do not agree with.
As for the broker selection, we were unable to be redirected to any broker when using the Midas Method website; it appears that the scammers have already abandoned this scam for another one with a more golden touch.
The Midas Method is just another generic and cheaply produced binary options scam robot. You will not make any money using this method and rest assured that ‘Ryan Anderson’ is no king but just a slimy scammer. Give this robot a definite miss.
|Min. Invest||Min. Deposit||Max. Returns|
|All brokers >>|