How does MIDAS make money?+
Not from a subscription: joining the channel and using the system costs nothing upfront.
MIDAS is paid in two ways. The broker pays MIDAS a referral commission when you open your account
through us; that comes from the broker, not from your deposit. And MIDAS takes a share of the profits
the system makes on your account, only on new profits, never on losses and never on your deposit.
If the account does not make money, you pay MIDAS nothing. The broker’s usual
trading costs apply, as on any account. The exact share is explained in the channel before you
commit anything.
Is it risky?+
Yes. Gold is traded with leverage, and you can lose all the money on the account; some
members have lost theirs. Nobody can promise you a result, and past results say nothing certain about
the future. That is exactly why the record is public on Myfxbook, drawdown included: look at it before
you commit anything, only use money you can afford to set aside, and remember you can stop the system
at any time.
Do I give you my money?+
No, and this is the part most people get wrong. You open an account at the broker, in your
own name, and you fund it yourself. MIDAS never holds your capital, never asks for it and cannot withdraw
it. You can take your money out, or switch the system off, whenever you want.
Do I need any experience?+
No. The automated system places the trades on gold. You do not read charts and you do not
place orders yourself. If you have never opened a broker account before, the team in the channel walks
you through it.
How much do I need to start?+
The minimum is set by the broker, not by us, and it is typically from 300 USD. Joining
MIDAS is free: there is no subscription fee to be in the channel or to use the system.
How do I start?+
Join the Telegram channel and say hello. You will get the setup steps, you can see the live
record, and you can ask every question you have before you decide. It costs nothing and commits you to
nothing.
