₦airaland Forum

Yes, I agree with this.

Companies that collect funds from the public must publish their audited financial statement. People cant be investing in what they know nothing about. Especially when you claim it gives high returns with zero risk

ahiboilandgas:
MBA and co have been mobilizing public money for 3 years now in name of trading imaginary forex......as a public firm with public money they should publish their audited reports and p/l accounts for investor to see.......SEC take notes

MBA currently claim they are migrating to a new platform

Novemberaura:
e remain mba forex

na same format

Thanks for this.

Usually, investment with high returns comes with high risk. So, when people say high returns, zero risk, then there is problem.

The curses and the vagueness of this thread is very annoying. Yes, MBA is currently paying, and we are happy. However, knowing the risk inherent in forex business, we should be more concerned about the security of our investment. The purpose is not to create any fear. But to instill more confidence.

Can MBA be more transparent about their finances with their investors? Can investors have access to some of their official trading reports? If you are an investor or shareholder in a company, you will have access to their annual/quarterly financial report. So why cant we have the same thing with MBA?

Its not just enough to invest with the hope of getting returns after a certain duration. We should know how the black box works.

PS: Don't reply me if you don't have something meaningful to add

IamDavid:
I've been an observer of this thread for a while and with all I can see here and other sources, I can say I'm 95% sure that MBA forex is a ponzi scheme.

It's quite funny how some people "defend their investments" with so much aggressiveness, cursing people and all. The money in your bank account, do you defend it? Yet you claim your investment has zero risk, still you curse people who advise others not to join. What does it matter if you don't need them to keep getting your so called "ROI"?

I just smile when I see some give "analysis", that seem detailed and convincing, because I've seen forex scams(ponzi) do better analysis, and still end up crashing.

Btd multiglobal, is a case study. They were so analytical and detailed in their dealings. Customer service was excellent. Physical offices were close to the people. They even have annual conferences for their investors where they serve food and invite reputable people. Eventually, people discovered it was ponzi when it crashed. There were reports of suicides, etc.

One time NASDAQ chairman, Bernie Madoff, an actual financial guru ran a huge hedge fund investment scandal for over 20 years, eventually, it crashed. Suicides in numbers.

I've participated in many ponzi schemes (funny how none claimed they're ponzi lol), and I've actually made profits in many of them. But I stopped, because it's a fraudulent business (to me anyways). So when we advise people to exercise caution when dealing with such companies, we have our reasons. Especially those who don't understand the risks.

I wish you all the best in your pursuits.

https://www.investopedia.com/terms/b/bernard-madoff.asp

https://www.bellanaija.com/2018/10/efcc-investigating-brothers-over-n2bn-forex-scam/

Agreed, the best bet is to channel high risk investment into low risk ones.

50nizzy:
@ Solreb ----- I Salute you.

CFX is not a Scam But -----

This your new discovery is a no go area for most people. Are we not supposed to channel MBA ROI to lower risk Investments ?

This CFX is higher risk for high risk takers.

I Understand that CFX accepts payment by Bitcoin only ? if that is the case then that is a red flag oo

And your CFX link is not working from my location. ----- is the problem from my end ?

If you love taking calculated risks and you are good at MLM, then this company is a good one as they are still paying without issues.

You no give us update again


[quote author=brightjiri post=86991689][/quote]

Thank you for this. I tired of the curses on this group

IamDavid:
Good evening house. Investors and nay sayers, I have one advice for y'all. You don't need to fill up this thread with curses. If the investment is real, it won't need new comers to keep it running. I'm a forex trader and there are months when you make as high as 30%, or even more. The slight issue I have is the guarantee they give. There are months you lose, sometimes as high as 10%. Well, I can't say how good their traders are or the bots they use. But really, there's no need for curses. if it's a ponzi scheme, it will crash no matter how hard you try to save it and if it's a legit investment, naysayers can't crash it. Peace.

lol...

BiggyB242:
If you aren't comfortable bros relax. So you are expecting us to come together and cause unnecessary panic by going to the office to demand for transparency. Bros, if you don't want to invest kpro.

That's my thought too. Its very difficult for SEC to regulate them.

aremso:
they have presented to you the certificates of operations they have which is CAC and Effcc stuffs now left for you to either invest with them or leave them and to the best of my knowledge no one is compelled to invest with them. For those waiting for SEC regulations before they will invest una go wait tire cos SEC only regulate Capital market and not online fx trading even the capital markets they regulate investors are still on their own. I lost money in Bank phb, oceanic and intercontinental bank. Did SEC come to our rescue?

Hello Everyone,

I know this thread is hot against anyone who tries to criticize MBA. So please don't come at me. I only have a simple opinion to give.

Many on this thread, have had some bad experience with investments, not just forex, agritechs, and that has shaped our perspective about investment. And as we all know, there is risk in every investment. In fact, the higher the returns, the higher the risk.

My questions is that while we wait for SEC regulation, is there a way to minimize risk with MBA? Since they receive investment from the public, can we demand for more accountability and transparency about their finance? Are there some sort of insurance? What are the available options if there is a default?

I'm not against MBA at all. MBA will not crash. I'm only asking of ways to minimize risk and secure investment funds. Your suggestions are welcome. We already have a strong community of investors here. Its our collective responsibility to ensure that MBA lives longer that its enemy.

I agree there is nothing like zero risk.

Do you call stock market gambling too? Of course you can choose to gamble with stocks. Thats doesnt mean there are no professional stock traders who made a fortune from it.

Ponzi scheme thrives on membership increase. If MBA is a ponzi, then they would have referral program from day 1. So not having a referral program means they are not intending to pay old members with new members money.

Theoutsider:
According to MBA the investments are Guaranteed and says Forex is not Gambling? Well any kind of trading is Gambling.. its just legal gambling. I find it odd that there are contracts. These contracts just enforce my belief that a possible ponzi is possible as the when one contact starts (initial payment) someones (ending contract) could be supplemented by the first contract.

The only people that are gonna to be rich are the owners and the team. This is my opinion.

there is no such thing as zero risk

Why do people raise insults here when trying to bring a logical arguments, that critique MBA? I think that's not the best way to create an healthy community.

All investment bears some level risk. The more we can hold un-bias conversation here, the more we can build a strong community. We all should be working towards achievement maximum security with our investments. That you shut someone down who is trying to raise an issue does not make your investment more secure. The truth is that risk is what we don't see. Its what we don't plan for.

So I beg everyone, to give allowance for conversations that either support or critique MBA. That way, we can build something sustainable together.

I did not see any tortoise blood jhoor....
Just test my account number with 100k. If it goes, I will return it

maxjax:
oh thats nice...im guessin the tortise blood i sprinkled from here did the job

ENJOY MAN....Your alert is sure!

I did not do anything different. Still the same PC and browser

maxjax:
so how did you made it work again so that others can learn?

PC

jamesval:
Did you use pc or phone cus mine is still not working here

Anyway, I went to make enquires and their customer service rep told me that they don't have HYDA package. They only have HIDA.

50nizzy:
Sorry Bros, I dont drop personal contact details in public. But what I am saying is not something hidden. Go to any of their branches and make inquiries. I was offered the HYDA package and not HIDA package at access bank branch in Warri, Delta State early this year.

Please how can I Private chat you on this? Your email or Whatsapp number?

50nizzy:
The same stupidity and Ignorance that makes you believe that someone cannot make 300% annually doing business with loans obtained from the bank.

The fact that you are lazy and foolish, does not mean other people are like you.

And since you are blind and cannot read well, the lady at the branch were my account is domiciled told me HYDA not HIDA. ------ You Blind BAT.

This is really helpful. Thanks a lot

50nizzy:
The terms and conditions were long but your account balance should not be below 7 million. she said there is a fine to be paid if you make withdrawals and your account balance falls below 7 million.

I cant remember most of the T / C but Access dey pay. Give market woman 1 million naira to trade ordinary pure water, she would deliver at least 3 million to you in one year.

That was early this year before I left Naija, I don't know what the terms and conditions are now.