This review is about a new binary options scam called “Midas Touch”. It is presented by Mark Williams.
Williams claims to be an ex-Wall Street guy who started his own business a few years ago. He studied gold and built an app to trade it. It is called the Midas Touch and it should trade binary options exclusively on gold.
According to Williams the Midas Touch has a 96.8 % win rate, it makes 250 trades in average, which means a $5.000 daily profit in average. So you should be making a minimum of $100.000 per month.
And as usual, the app is now free for a selected few individuals, so you have to act fast to get access to it.
Midas Touch is a scam
When we first saw the Midas Touch web page, we had a good laugh, because it is like a scammers’ parade. So many famous faces at the same place.
Known scammers
The testimonials presented by Midas Touch are fake, this is absolutely sure. They did not even hire amateur actors from Fiverr, instead they used professional scammers that we have seen acting in many binary options scams.
Take a look at the picture on the right, these people are supporting many other scams. Check reviews of Alpha Money Generator, BinaryAlphaTrader, Money Maker Bot or Gold Trade Microsystem to see their faces.
Famous app
Another thing proving that Midas Touch is a scam is the app itself. We cannot even count all the scams that has used it, it is really used very widely.
It is always copied, only the logos and colours change. Check reviews of Tauribot, Wells Investments or Altronix Trading Bot to see.
By the way, as you can see, Midas Touch does not trade only gold as it should…
The truth
So how does this scam work? It is very simple. People who created it will get paid for every new depositor they refer to their broker. So no, Midas Touch is not free, you won’t be able to use it unless you deposit $250 at least.
If you then let the app trade your account, you will lose your money.
Conclusion
Midas Touch is an ordinary binary options scam. If you are interested in seeing how you can really make money with binary options, try a free demo account. You will understand how trading works and what it takes to be profitable.