What Is Mido Finance? Another European Crypto Ponzi Scheme!

Mido Finance is an investment platform or trading platform operating within the MLM industry, but they don’t really tell you that outright. 

There’s no information on who runs or owns the company. Their domain name was registered privately earlier in January 2021 and was updated back in March the same year. 

To appear legitimate, they have incorporation documents from New Zealand and UAE. They’re incorporated as Mido Group LTD in UAE and Mido Finance Limited in New Zealand. 

For the purpose of any due-diligence, incorporation certificates are useless because it just means that they’re registered as a business in the country it doesn’t give them permission to carry out any activities. In this case, they’re involved with investing and trading so a certification from the SEC or its local counterparts bears heavier weight than an incorporation document. 

UAE incorporation requirements are lax and anyone can incorporate a business in the country, so it’s one of the safe havens for scammers because it’s not heavily regulated. 

Mido Finance’s marketing videos are hosted by Lionel Von Berne, their CMO. Von Berne speaks with a European accent, so it’s clear the scam is being operated out of Europe. 

However, Von Berne does not exist outside of Mido Finance so we believe this guy is a paid actor hiding behind a fake name. 

Alexa rankings cites Vietnam as the number one source of traffic at 15%, with Egypt coming in second and Russia in third. 

Mido Finance Product Line

Mido Finance offers no retail products or services. Their income opportunity relies heavily on recruiting, which is the only way they generate ROI for their members. 

Does The Product Work?

Mido Finance claims that they generate external revenue via crypto trading. Their website cites that they’re composed of professional crypto traders with the goal of constantly improving and developing something to develop the best results. 

This is your typical cryptocurrency Ponzi BS marketing ploy. 

Here’s the thing though. If a company generates ROI via trading and investing through a secret algorithm or their own platform, why do they need external investments? 

But there’s no proof that there exists a trading platform or a bunch of traders even to generate you ROI. 

What does this mean? It means that the only source of funds that Mido Finance relies on is coming from new member investments. This is generated through recruiting, and that’s the biggest red flag of them all.

Mido Finance only offers one way to make money and that’s through recruitment. 

How To Get Started with Mido Finance?

Mido Finance is free to join, but to take part in their income opportunity, you need a minimum investment of 0.001BTC investment. They also accept other cryptos such as Ethereum, Litecoin, Doge, Tron, Binance, and others. 

Mido Finance Compensation Plan

Mido Finance’s invest cryptocurrency based on advertised returns:

• Minimum – invest 0.001 to 0.001 BTC and earn 0.7% a day for 7 days (104.9% ROI)

• Base 0.8% – invest 0.001 to 0.001216 BTC and earn 0.8% a day for 27 days (121.6% ROI)

• Base 1% – invest 0.007 to 0.00889 BTC and earn 1% a day for 27 days (127% ROI)

• Advanced 1.1% – invest 0.015 to 0.021105 BTC and earn 1.1% a day for 37 days (140.7% ROI)

• Advanced 1.3% – invest 0.037 to 0.054797 BTC and earn 1.3% a day for 37 days (148.1% ROI)

• Business 1.4% – invest 0.074 to 0.122692 BTC and earn 1.4% a day for 47 days (151.7% ROI)

• Business 1.6% – invest 0.111 to 0.194472 BTC and earn 1.6% a day for 47 days (175.2% ROI)

• Premium 1.7% – invest 0.148 to 0.291412 BTC and earn 1.7% a day for 57 days (196.9% ROI)

• Premium 1.9% – invest 0.259 to 0.539497 BTC and earn 1.9% a day for 57 days (208.3% ROI)

• Maximum 2% – invest 0.37 to 0.8658 BTC and earn 2% a day for 67 days (234% ROI)

• Maximum 2.2% – invest 0.74 to 1.83076 BTC and earn 2.2% a day for 67 days (247.4% ROI)

Their compensation plan only lists Bitcoin as the amount provided, but will also carry over to the other cryptos. 

Mido Finance Affiliate Ranks

Mido Finance offers 18 membership ranks in their compensation plan. Here’s how to qualify:

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

• MF1 – invest $150, accumulate $1500 in personally recruited investment volume and $500 in downline volume

• MF2 – invest $300, accumulate $3000 in personally recruited investment volume and $2000 in downline volume

• MF3 – invest $450, accumulate $7000 in personally recruited investment volume and $5000 in downline volume

• MF4 – invest $600, accumulate $13,000 in personally recruited investment volume and $10,000 in downline volume

• MF5 – invest $750, accumulate $20,000 in personally recruited investment volume and $15,000 in downline volume

• MF6 – invest $900, accumulate $25,000 in personally recruited investment volume and $25,000 in downline volume

• MF7 – invest $1200, accumulate $35,000 in personally recruited investment volume and $35,000 in downline volume

• MF8 – invest $1500, accumulate $13,000 in personally recruited investment volume and $10,000 in downline volume

• MF9 – invest $1800, accumulate $45,000 in personally recruited investment volume and $55,000 in downline volume

• MF10 – invest $2100, accumulate $80,000 in personally recruited investment volume and $140,000 in downline volume

• MF11 – invest $2500, maintain $80,000 in personally recruited investment volume and $140,000 in downline volume

• MF12 – invest $4000, accumulate $180,000 in personally recruited investment volume and $320,000 in downline volume

• MF13 – invest $5500, accumulate $250,000 in personally recruited investment volume and $450,000 in downline volume

• MF14 – invest $7000, accumulate $350,000 in personally recruited investment volume and $650,000 in downline volume

• MF15 – invest $9000, accumulate $500,000 in personally recruited investment volume and $1,000,000 in downline volume

• MF16 – invest $11,000, accumulate $800,000 in personally recruited investment volume and $2,200,000 in downline volume

• MF17 – invest $15,000, accumulate $1,500,000 in personally recruited investment volume and $5,500,000 in downline volume

• MF18 – invest $21,000, accumulate $4,000,000 in personally recruited investment volume and $11,000,000 in downline volume

Note that while the above amounts are cited in USD, Mido Finance only solicits investment in cryptocurrency.

Referral Commissions

Mido Finance pays out referral commissions following a unilevel compensation structure. This structure places you at the top of the structure. Your direct recruits are placed under you and marked as level 1. Your level 1 will recruit other members, and when they do, they are placed under them and become your level 2. 

This goes on infinitely. But Mido Finance caps the structure at 10 levels:

• regular members earn 5% on level 1 (personally recruited members), 2% on level 2 and 1% on level 3

• MF1 to MF3 ranked members earn 5% on level 1, 2% on level 2, 1% on level 3 and 0.5% on level 4

• MF4 to MF7 ranked members earn 6% on level 1, 3% on level 2, 1% on levels 3 and 4 and 0.5% on level 5

• MF8 to MF11 ranked members earn 7% on level 1, 4% on level 2, 2% on level 3, 1% on levels 4 and 5 and 0.5% on levels 6 and 7

• MF12 to MF15 ranked members earn 8% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 and 6 and 0.5% on levels 7 to 9

• MF16 and higher ranked members earn 11% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1% on levels 5 to 10

#1 Ponzi Scheme!

Mido Finance is a Ponzi scheme. No sugar coating it, whatsoever. The only source of income is through recruitment, and that’s a red flag. 

#2 Securities Fraud Warning!

Mido Finance received a securities fraud warning from New Zealand’s Financial Markets Authority. This comes as no surprise because they are not authorized to carry out any financial transactions on behalf of their clients. 

Promoting Mido Finance and making money out of it can land you some serious jail time.

There’s nothing to like about Mido Finance!

Mido Finance is a Ponzi scheme. There’s no denying that. Their income opportunity is solely based on how many people you can recruit, as evident from their compensation plan. 

Mido Finance also received a securities fraud warning from the New Zealand government, so be careful when promoting this program. Securities fraud is a serious crime anywhere in the world and you could go to jail for it.

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...