Midasama provides no information on their website about who owns or runs the company.

Midasama’s website domain (“midasama.com”) was first registered back in 2016.

The domain registration was last updated on May 28th, 2019.

The Midasama domain registration itself is private, providing no ownership information.

Further research reveals “Morgan Matthews” cited as a “business director” and “associate partner” of Midasama.

Naturally there’s no information about Matthews outside of Midasama’s own marketing material.

Before Matthews, Midasama were using some guy they named “Edward Fox” to promote the company.

The prop laptop really demonstrates Fox’s commitment to trading directing.

As far as I can tell, Midasama only trots Morgan Matthews out for promotional events.

The two events I came across were “strategic partnerships” with Daweda and StarWealth.

Daweda is a Cyprus shell company. According to Alexa, there is little to no traffic to Daweda’s website.

Daweda’s current website appears to have gone live on or around mid 2018.

Traffic to StarWealth’s website is so low Alexa doesn’t even rank it. It appears to be another shell company, this time based out of Hong Kong.

It’s worth noting that StarWealth’s website domain was registered within a a month and a half of Daweda’s in 2017.

At the time of publication Alexa pegs 84% of traffic to Midasama’s website as originating out of Malaysia.

It is highly likely that whoever is actually running Midasama is based out of Malaysia itself.

Midasama’s website defaults to Chinese, so it appears this is another instance of random white guys being paid to front a dodgy Asian MLM company.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Midasama’s Products

Midasama has no retailable products or services, with affiliates only able to market Midasama affiliate membership itself.

Midasama’s Compensation Plan

Midasama affiliates sign up and invest funds on the promise of monthly returns of up to 20%.

Midasama offer five package price-points:

  • $1000
  • $5000
  • $10,000
  • $50,000 and
  • $100,000

Midasama’s compensation plan represents a consistent 15% monthly return, which is split 60% between the affiliate and the company.

Midasama Affiliate Ranks

There are six affiliate ranks within Midasama’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  • Manager – sign up and invest $1000
  • Senior Manager – invest $5000 or recruit three Managers
  • Director – invest $10,000 or recruit three Senior Managers
  • Diamond – recruit three Director ranked affiliates and generate $300,000 in total downline investment (max $100,000 from any one unilevel leg)
  • Gold Diamond – recruit three Diamond ranked affiliates and generate $1,500,000 in total downline investment (max $500,000 from any one unilevel leg)
  • Black Diamond – recruit three Gold Diamonds and generate $6,000,000 in total downline investment (max $2,000,000 from any one unilevel leg)

Residual Commissions

Midasama pays residual commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Midasama cap payable unilevel team levels at nine.

Residual commissions are paid out as a percentage of returns paid to unilevel team affiliates across these nine levels as follows:

  • Managers earn 30% on level 1 (personally recruited affiliates), 15% on level 2 and 10% on level 3
  • Senior Managers earn 30% on level 1, 15% on level 2, 10% on levels 3 and 4 and 3% on levels 5 and 6
  • Directors and higher earn 30% on level 1, 15% on level 2, 10% on levels 3 and 4, 3% on levels 5 to 7 and 2.5% on levels 8 and 9

Infinity Bonus

Midasama’s compensation plan details some sort of Infinity Bonus but doesn’t go into details.

From what I can tell it starts at the Diamond rank and appears to be generation based (three generations).

  • Diamonds earn 3% on up to three generations
  • Gold Diamonds earn 3% and 2% on up to six generations
  • Black Diamonds earn 3% and 2% on up to nine generations

Again, this isn’t explicitly clarified in Midasama’s compensation plan so take the percentages above as unverified.

Joining Midasama

Midasama affiliate membership is tied to a minimum $1000 investment.


Midasama is what you’d expect from yet another fraudulent Malaysian forex scheme.

White guy puppets running the show, dodgy returns and the usual MT4 traders bullshit.

Midasama claims to have a “state-of-the-art Forex investment model” that sees it employ theĀ “world’s top traders”.

On the right is how Midasama represent their traders.

These obviously bogus trader names are attached to My FX Book accounts, which the company claims demonstrates trading history.

This is a common enough ruse used by Malaysian forex scams.

What is or isn’t visibly traded on random My FX Book accounts has nothing to do with Midasama itself.

If it did the company would register itself with the Bank of Malaysia and operate as a legitimate investment opportunity.

Instead Midasama offers unregistered securities and operates illegally.

As it stands the only verifiable source of revenue entering Midasama is new investment.

Using new investment to pay affiliates a “sustainable profit monthly average profit (of) 15%” makes Midasama a Ponzi scheme.

In addition to securities fraud, having no retailable products or services also makes Midasama a pyramid scheme.

As with all such schemes, once affiliate recruitment dries up so to does new investment.

This starves Midasama of ROI revenue, eventually prompting a collapse.

The math behind MLM Ponzi schemes guarantees that when they collapse, the majority of investors lose money.