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Investment › Re: MBA Investors Forum by Fxmanager(m): 6:23pm On Apr 13, 2020*

IammrB:
The scammer is here again...

He was released by the police because of CoronaVirus issue...

You want to start scamming again?

You never learn?

I pity those who will fall again this time around...

I warned them last time before your last scam...

In Jesus name, you will fail this time around. Amen.

Your effort to distract us from educating gullible and naive investors in this thread/forum through your baseless and cooked up lies/stories is an exercise in futility.

1 Like

Investment › Re: MBA Investors Forum by Fxmanager(m): 6:06pm On Apr 13, 2020*

gentlegenius:
You sound like someone that had deep knowledge of Forex business.
I might not see the trading history of MBA, but I know one of the brokers MBA are using.
Hotforex is one their brokers that I know. As a Forex manager that you call yourself, you should know Hotforex are reliable and well regulated brokers. MBA doesn't hide information from anybody. Just walk into any of their branches and make inquiries about anything. The last time I walked into MBA branch in Uyo to make inquiries, I was shown an original certificate of registration with SEC, hung openly on the wall around the customer care section. I don't understand why people who never visited any MBA branch before are claiming here that MBA is not registered with SEC. Anybody that want to discredit MBA here should do their research very well.

We have more than 12 years experience in the forex field, both in trading, fund management and reviews of any forex broker or forex fund management/investment companies, so you better take what we tell you here to heart. You have not seen their trading history, how can you then prove that they are actually trading fired or running a scam scheme? How do know that hotforex is the broker used by MBA? What is the prove and why can't they put up this information on their websites? And if, that is only if they are using hotforex as their broker, why can't they use the hotforex fund management structure which allows investors to open their investment account directly with the broker, putting deposits/withdrawals of their funds 100% under their control, and putting the trading aspect of the funds in the fund management company only, which blocks the fund management company from defrauding the investors of their funds? Depositing your funds into the personal account of a fund management company and waiting for payouts which puts you at risk of being defrauded and depositing your funds into your personally created account with hotforex and authorising a fund management company to manage for you through a power of attorney, which prevent the fund management company from withdrawing your money to pay you, thereby stopping the issue of fraud/scam, which one will you prefer?

Another issue is an investor believing a fund management company based of hearsay without doing his/her own background check on the false information being supplied to them. It baffles us how far an investment company that seeks the trust and confidence of its investors can go, designing and printing a fake certificate to deceive its investors that it was being issue to them by the SEC. We thank God, the SEC has come out to denied them. My brother, all the information supplied to you by MBA are false, starting from the broker, the certificate purportedly from the SEC. Pray that you get your money back before it shuts down.

1 Like

Investment › Re: MBA Investors Forum by Fxmanager(m): 2:59pm On Apr 13, 2020*

firstworld:
We have heard you. Now hear me: is my money your money? How is my money your problem?

Those that the information is meant for have gotten it

1 Like

Investment › Re: MBA Investors Forum by Fxmanager(m): 2:54pm On Apr 13, 2020*

Joevics:
You guys keep repeating this nonsense of no government regulations. How is it MBA's fault that SEC has refuse to enact any regulation for FX.

South Africa had, Angola and many other countries with lower daily trades than Nigeria has FX regulations.

But the SEC has refused to do anything about it despite its promises in 2018.

Which broker is your so call investment company working with? Which government regulatory body license, regulates, monitors and audit them? Can they provide you with their independent and third party audited and verified trading performance track record from www.fxstat.com, www.fxblue.com or www.myfxbook.com? You might be lured into a scam scheme disguised as a legitimate forex investment company. Be careful.

1 Like

Investment › Re: MBA Investors Forum by Fxmanager(m): 2:32pm On Apr 13, 2020*

gentlegenius:
When you put your money in any bank investment, like fixed deposit, etc... Do you know what business the bank do to pay you returns? You think they only focus on loans? For your information, banks trade Forex (pls google this). Have you ever seen the trade history of banks? Yet reasonable people still invest in banks even when they know that banks trade Forex.
I am beginning to suspect that you are the same person I decided not to quote again here, so this is the last time you'll be getting my attention here.

One thing that you need to know is that the bank may and may not provide their trading history to the public, but cannot fail to provide this to the government regulatory bodies who are monitoring and auditing them on behalf of the public. In the case of a forex investment company, before we as investors begin to ask for the trading performance history, their trades will be executed by a forex broker that should be regulated by the government of its (the broker) jurisdiction, and this information should be provided to your investors and potential investors and most importantly their trading history, if the investment company is not the one directly regulated by the government of its jurisdiction.

What we mean is that if a forex investment company is in Nigeria where there is no forex regulation, the forex fund management/investment company should have set up its service under a government licensed, regulated, monitored and audited broker. The forex broker being used, may not be regulated by the government of the country in which the forex fund management/investment company operates, but must be a government licensed and regulated broker in another country as the regulation covers any investor that opens account with the broker, and all this information should be provided to your investors especially if you as the forex investment company (not the broker) is not directly regulated by the government of your jurisdiction. Any forex investment company that does not provide its investors with the above information is operating a scam scheme and is getting money from new investors to pay old investors with a target inflow of funds in mine before they shut down and run away with the funds

2 Likes

Investment › Re: MBA Investors Forum by Fxmanager(m): 1:48pm On Apr 13, 2020*

Plus10:
I don't why some people will just argue on subject they know nothing about.Who told you banks have the sole right to issue out rates on their own without CBN being involved? Have you heard of CBN MPC?

Again do you know what it means to be public limited company(PLC)? Most banks operate in Nigeria as public limited company where the public can buy shares and become shareholders.In that case it is required by law that any company listed on the Nigeria Stock Exchange must publish their finance earnings annually to the public. So tell me why will MBA make its own financial earning public when it is not a public limited company and not listed in NSE?

Do you know that every company seeking to win the trust and confidence of its investors must subject itself to be audited by an independent/external auditor. it's financial records must be audited by this independent financial/business record auditing company. In the case of a forex fund management/investment company, the supposed forex fund management/investment company needs to furnish the investors with the broker being used, the government regulatory body regulating the broker, and most importantly an independent third party audited and verified trading performance track record from any of this websites, www.fxstat.com, www.fxblue.com or www.myfxbook.com. Any forex investment company that fails to provide its investors with the aforementioned checks is nothing but a scam/ponzi scheme.

2 Likes

Investment › Re: MBA Investors Forum by Fxmanager(m): 1:15pm On Apr 13, 2020

gentlegenius:
I think you are putting in too much energy and wasting too much time trying to make us believe that we will regret investing with MBA.
The world's most successful investor, Warren Buffet once advised young people to ONLY invest in what they understand.
Your problem is that you don't understand Forex, and how the Forex market works, yet you are advising some of us who took time to learn and understand the Forex market better than you, not to invest in Forex.
You think 15% ROI every month is too much to be sustainable? This is because you don't understand Forex.
I am a Forex trader. Though not yet an expert, and also, I don't have time to trade everyday, but there's no month I cannot make 30% of my trading capital. Though there are bad days, which you may make very little profit or even losses, but there are also some good days like today, in which I've already made 1/3 of my capital. That is to say I made over $500 from a trading capital of about $1500 (pics below). That's over 30% profit in just a day. If a non-expert like me can make 30% profit on my capital in a day, what makes you think experts that trade for MBA cannot make at least 30% profit on our capital at the end of every month? What makes you think 15% ROI is too much for them to pay us monthly? If 15% is actually too much, then the worst that can happen is for MBA to reduce it to 10% for everybody. But on the contrary, MBA had proved to us that they can even stop top up and new investments, and still comfortably pay us 15% even during this period of global crisis. This is a proof that nothing can affect the Forex market. As long as you know what you are doing in the market, nothing can stop you from making good profit every month.
So, as you can see, some of us here are investing in a business we understand. Though, I am a forex trader, I know it is not wise to trade with all the money I have. I need to leverage part of my money by leaving it with experts, so that my money can work for me. This is why I invested with MBA. This is to show you that most of us here are not stupid, we have a reason for doing whatever we choose to do with our money. I advice you to stop wasting your time and energy here. Thanks so much for all your research, advice and warnings to us here. I think It's time you retire back into your shell. Find something to learn and understand so that you can also make money from it. This country we are living is a jungle... You either keep running or wait for hungry beasts to eat you up.
(below is the pics of my profit today)...

Which broker are you using? is it regulated, and by which government regulatory body? Can you provide a link to your trading performance track record from www.fxstat.com, www.fxblue.com or www.myfxbook.com for us to see this your trading performance? We are interested.

2 Likes

Investment › Re: MBA Investors Forum by Fxmanager(m): 12:59pm On Apr 13, 2020

gentlegenius:
Now that you are sounding like you want to retire from here, I am trying my best to disengage you from further futile arguments, but I just can't overlook the way you misrepresent some facts here...
Forex trading companies exist abroad and even here in Africa, but it is regulations that stop them from paying 15% or more to their investors. It is not because they cannot pay that consistently, it is because if government allow them to pay that, the banks will suffer lack of funds as everyone will withdraw everything they have in the bank to invest in those companies. The government had to save the banks by imposing tough regulations on such trading companies. One of such regulations is to give them a limited payable ROI that is not too far from what the banks had to offer.
Because Nigeria is not a sane country, the SEC is reluctant to regulate Forex trading in Nigeria. They simply harass only those companies whose owners had no connection in government. I heard some top government officials in this country are investors in MBA, and this may be one of the reasons they haven't disturb MBA for over two years now. I am telling you that if government can regulate Forex and allow a company like MBA to keep paying up to 15% Roi to their investors, MBA can sustain it. If someone like me can sustain more than 15% profit from my own trades, then experts with more trading capital, more trading skills and more trading experience can do more.
This will be the last time I will quote you here, so that you can finally RETIRE.

Can you link us to your trading performance track record from www.fxstat.com, www.fxblue.com or www.myfxbook.com to prove this your claims of generating more than 15% from your own trades? We are not saying that you can't.

2 Likes

Investment › Re: I Need Advise Investing My #2,700,000 by Fxmanager(m): 12:52pm On Apr 05, 2020

Osirawboy:
How is this possible?

Go through all the posts in the link below before making any investment, to avoid falling into scams/fraud schemes disguised as a legitimate investment.

https://www.nairaland.com/5486596/ponzi-scam-fraud-schemes-fronting

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