Midasama

Is Midasama a Scam？

• Scam Brokers List

Midasama has been added to WikiFX's Scam Brokers list. The platform seems to be a Ponzi scheme. Please take note of its domain:

https://www.midasama.com

• Regulatory Concerns

According to WikiFX's investigation, there is no regulatory approval or oversight from any recognized financial regulatory organizations.

• Scam Exposure

As of now, there were 12 pieces of Midasama exposure in total. I will introduce 2 of them.

Exposure 1. Cannot withdraw

The user said that the contract has expired, and Midasama doesn't allow him to withdraw his deposit. You may visit: https://www.wikifx.com/en/comments/detail/202001052052883233.html

Exposure 2. Fraud broker

The users said that he held large shares in Midasama but suffered forced liquidation of his accounts. You may visit:

https://www.wikifx.com/en/comments/detail/201912217502301664.html

Scam Disclosure

• 2020-01-09 WikiFX has discovered that Midasama falsely claimed its registration date.

While Midasama asserts that it began operations in 2012, research on its domain name by WikiFX reveals that it was actually registered in 2016 and updated in 2019.

• 2020-01-09 WikiFX has discovered that Midasama has made misleading claims of partnerships.

Midasama claims that it established a partnership with Dawada, a Cyprus-based Forex broker. However, according to CySEC records, Dawada's address is a Limassol apartment, raising the possibility of a shell corporation.

• 2020-03-24 WikiFX has flagged Midasama as suspicious pyramid scam

For its clients, Midasama created a lucrative Compensation Plan over trading. It offers 20% monthly returns but requires a $1,000 deposit. This plan clearly suggests a fraudulent scheme that exploits investors' money.