Welcome to our MidasTrend Review! There has been some buzz about this company so we decided to investigate what it was all about… Some say it’s a scam while others MidasTrend reviews are saying legit so what is it? The good news is we are going to walk you through the company, products and compensation plan so you can make the right decision. Let’s dig into this MidasTrend review…
There is currently no information on the MidasTrend website to help identify the owners of the company or who runs it.
The “midastrend.com” website domain that MidasTrend currently uses was privately registered in April 2019.
Additional, investigation shows that MidasTrend has very close connections with Brazil. The fact that the default language used on the website is Portuguese and the currency transactions are done in the Brazilian Real's also supports this suggestion. In addition, Alexa reveals that Brazil is responsible for an overwhelming 99.4% of the total traffic to MidasTrend's website making it the top traffic source.
From the above indications, it would be safe to say that MidasTrend is based in Brazil.
It is always advisable that whenever an MLM company is not transparent about its ownership, potential investors should be wary and consider the risks thoroughly before deciding to join or investing their money.
The MidasTrend brand does not have any products or services for retail. Instead what they offer is the chance for affiliates to market the MidasTrend affiliate membership.
MidasTrend's Compensation Plan
Affiliates of MidasTrend invest Brazilian Reals with the chance to receive the following advertised returns.
- Bot 1 – invest R$130 to get R$380
- Bot 2 – invest R$380 to get R$800
- Bot 3 – invest R$800 to get R$1300
- Bot 4 – invest R$1300 to get R$3000
- Bot 5 – invest R$3000 to get R$8000
- Bot 6 – invest R$8000 to get R$80000
Note that there is currently no information from MidasTrend regarding the return completion timeline.
All residual commissions on funds invested are paid via binary as well as 5×6 matrix compensation plans.
Below is an explanation about how each one works.
Binary Residual Commissions
Affiliates on a binary compensation plan are at the top of a binary team. The team is split into two sides, one on the left and the other on the right.
- The first level
The binary team has two positions.
- The second level
The two positions from the first level (above) are split into another two to create a total of four positions.
This pattern of division continues on each successive level of the binary team, that is, each subsequent level gets twice as many positions as the preceding one.
There are no limitations to how large a binary team can grow, and members can fill in the positions through direct and indirect recruitment of new affiliates.
MidasTrend runs a system whereby they tally new investments coming into both sides of the binary team daily. Affiliates are then paid 10% of all funds invested on the weaker side of the binary team.
Once paid out on funds are matched with the stronger side and flushed. Leftover volume on the stronger binary team side is carried over.
5×6 Matrix Residual Commissions
In the 5×6 matrix package, one MidasTrend affiliate is at the top of a matrix, with five positions under them.
The first level of the matrix is made up of these five positions while the next level (the second level) of the matrix is created by dividing each of the five positions into another five each to make a total of 25 positions.
This pattern of division is maintained through all the subsequent levels, from three to six, with subsequent levels having five times the number of positions as the preceding level.
Same as in the binary package, positions in the matrix plan are filled through recruitment of new MidasTrend affiliates.
Each affiliate pays a compulsory fee of R$24.90 every month. This fee is what MidasTrend uses to pay commissions to each of the filled matrix positions. Below is how it works:
- R$0.50 pay for every filled position on level 1 (total of 5 positions)
- R$1 pay for every filled position on level 2 (total of 25 positions)
- R$1.50 pay for every filled position on level 3 (total of 125 positions)
- R$2 pay for every filled position on level 4 (total of 625 positions)
- R$2 pay for every filled position on level 5 ( total of 3125 positions)
- R$3 pay for every filled position on level 6 (total of 15,625 positions)
As long as each affiliate in the matrix continues to pay their $R24.90 monthly fee, the residual matrix commissions will be paid every month.
How To Join MidasTrend
As mentioned before, the MidasTrend affiliate membership costs R$24.90 monthly.
But, to participate in the attached income opportunity, affiliates will need to invest an additional R$130 to R$8000.
MidasTrend Review – Final Thoughts
According to MidasTrend, it generates external revenue via a high-performance software (robot) referred to as “BotMidas”. The company claims that this BotMidas (allegedly a trading bot), is built with “state-of-the-art Asian technology”.
This BOTMIDAS is said to carry out metric analysis and deliver extraordinary investment results for investors daily.
However, the details of what it trades in are not clear, and that information is not offered on their website.
Basically, there is no concrete evidence that this “BotMidas” exists. Also, there is no proof that this company is actually using the revenue generated from BotMidas, or from other external sources to fund the payments to affiliates.
Another point to note is that in Brazil, the Brazilian SEC regulates all securities. Being a passive investment instrument, MidasTrend is a securities offering, but there is no information showing that this product is registered with the Brazilian SEC.
That aside, the major concern for potential investors is the fact that the only source of income for MidasTrend may be the funds that new affiliates bring into the system.
In our opinion, once MidasTrend begins to experience a lack of new funds, it will collapse and, the majority of investors will lose their money.
Please use extreme caution.
Aaron and Shara What Do You Suggest?
That being said, if you have never marketed online or offline before, finding people could be very difficult for you.
We know when we first started trying to make money online, we failed miserably and we had no idea how to recruit.
That is why, we first started out by learning how to become a good marketers, but in this business you don't have to be a good marketer at all!
This is the business where we learned how to make money online WITHOUT being great marketers
If you don’t want to be in a business that requires you to host home parties or call all your friends and recruit your family to buy your stuff no worries.
We have the perfect business for you where you don’t have to recruit, you don’t have to own any product if you don't want to.
You will learn step by step on how to build a profitable business online WITHOUT having to market or recruit anyone else!
Anyways, we hope you enjoyed the Review.
Please comment below if you are part of this company as our readers would love to know how you are doing. Also, if there are any products or companies out there you want us to review please let us know!