₦airaland Forum

Falibuks:
Hi guys. I always come here only to read and know my fate. But I feel it'll be selfish to be mute at this point.

I got paid by MBA today. My date is supposed to be 3Nov. Attached is proof.

Cheers!

Wooowwwww!! Congrats Pal !!!

You are not alone in your joy, MBA also surprised me with this highly unbelievable alert.

#MBA truly CARES

meshzhi:
What will he gain by lying?

It's obvious most supporters of this scam are either

.... Paid agents from MBA FX,

.... Unconfident Investors trying their best to
protect their shaky Investment in a fast failing
Ponzi scheme.

.... Or both


If you are confident that your money is safe and sound in the hands of the "gurus" at MBA, why come up here and commit yourself to the unpaid labor of validating MBAFX.

Most critics here including myself are convicted in their obligation by human moral conscience to do disservice unto these dubious elements in service to unsuspecting victims.

In all fairness, everyone should be able to share their constructive opinion especially in our shared digital space called the Internet.

Nevertheless, these opinions should constitute factual truths devoid of sentiment and selfish interests.

The critics of MBAFX here have diligently fulfilled my last point and in most cases in a respectful manner without insults and curses.

Reverse is the case for the fellows at the other end. Who have derailed into outright extremism without a iota of civility.

In all these, they have failed to prove why a Phony entity with claims to-good-true should go on in existence when similar past precedents have proven to be entirely sugar coated schemes of mass deception.

I hereby conclusively deduce that their actions, opinions and expressions are borne from malicious Selfish Interests deserving of radical condemnation.

I rest my case

Sultannayef:
I don’t have time to engage you. It’s not worth my time.

Next time don't post what will warrant an engagement not worth your time.

Sultannayef:
MBA paid my wife‘s ROI today, 450k. But was due on November 4th.

Learn how to lie man,

The company's official statement says that all pending November payments are postponed to their corresponding dates in December

Meanwhile your "wife" got exempted by executive orders from above.

Try harder next time.

airsaylongcom:
You started the nitpicking. I saw that error since morning. But took it for what it is a typo and not a reflection of your intellect. But if you decide to call out "quite" instead of "quiet" as a reflection of my intellect, then I'm unafraid to say my favourite words, YOU ARE RIGHT

Guyy, you are boring for real. What's with all this excess yarn?

Too immature for a supposed adult

hustla:
K

That guy keeps spewing childish trash

Next up is Bara Finance and the fools are still adamant.

When will Africans understand that fast wealth syndrome is one factor that has held us back.

China, Asian Tigers etc. didn't escape dire poverty by investing in unscrupulous schemes.

Their formula has always been to accumulate capital through savings etc. and carefully administer those funds in specific sectors that will increase their global economic productivity levels with best efficiency.
This method although having a long-term approach has proven results for any society that applies it with the best of interest and dexterity.

Meanwhile for some people in this side of the world, they intellect is limited to corruption, fraud and other quick money.

Crystal Clear

LAS LAS OJORO GO CHOP OJORO NOTHING REMAIN.

I wonder why Africans most especially Nigerians have such great affinity to dubious, super accelerated wealth programs and conmen that promise to generate and redistribute wealth among the income brackets which it fulfills partly but it in the end it's true form is revealed as a one-sided sham scam that pushes money up a pyramid to profit the top minority with the losses of the bottom majority. I believe it's a symptom of poverty and desperate survival culture which we need to outgrow for the betterment of our societies.

The dominant players in the FOREX industry who control over 80% of market volume don't make humongous returns "per month". A typical Hedge Fund has a minimum profit target of 20% per annum. The largest global banks have an average annual return below 30%.
This is largely conservative and a far cry from profit returns above 150% which these "forex/money experts" advertise.

If they are so certain about their exceptional results, why do they need to draw in investments from the public and risk loss of public funds along with administration, expansion and other capital intensive costs.
The most logical approach would have been:
......Reveal your "black-box" fireproof strategy and back-tested results to a handful of high net worth individuals and banks or possibly fund yourself.
......Acquire minimum funding of $10 million for your company.
......Register your company as a proprietary trading firm.
......Maintain capital costs as low as possible possibly rent a single room office space, stellar equipment and internet connection (that's most of all it takes to trade forex from as low as $1 to $1 Billion and beyond).
...... Excluding all costs, with a 'fixed" annual return of 150% your initial capital of $10 million would have grown to over a Billion dollars in about 6 years.
10,000,000 * 2.5^6 = $2.4 Billion
Even if your expected performance falls to 100% your initial capital will grow to reach a $Billion+ in less than 10 years.

Some might ask "who would give you that kind of money upfront ?" actually very few people would but considering these "experts" have proven themselves over 4 years, most billionaires with lots of cash lying on the sofa would have been interested in this "free money" and can possibly fund even more than $10 million.
But NO these "forex/money experts/doublers" will never consider this option because they know and are certain that the "integrity" of their operations can never survive the light of transparency, audit and regulation.

The Regulators are complicit in these menace too. Some has them have flagged these entities but have failed to take decisive. That notice independently is a sufficient Caveat to potential investors. Yes, Forex is not highly regulated in Africa, Nigeria inclusive nevertheless there are many angles through which these guys can be tackled. One of those measures is Illegal Deposit Taking the second is Absence of Insurance Policy.
.......Only licensed and approved organizations are allowed to take deposits from the mass public (especially lower class investors) irrespective of the
withdrawal arrangements.
.......These Deposits are expected to be Insured incase of loss. No reputable insurance company is willing to bear the risk of any
fraudulent/ambiguous/ponzi scheme. So none of these companies are insured if they run away tomorrow expect nothing.
The silence of these regulators don't baffle me after all, it isn't right to talk when your mouth is full while eating.

Let's get a bit technical into why these schemes don't seem practical in any sense.

I have financial trading experience with Citigroup and Trafigura at their offices in Singapore. Therefore I understand the markets as some of you should too who have been trading for a while now although with different experience levels.

My first case is this simple fact: ALL MARKETS FLUCTUATE SPONTANEOUSLY.

This is even more profound in the Forex Market than in stocks. The Forex market moves in a random fashion forming long trends, short trends, ranges and sometimes out right Brownian motion.
You can't relate the results, events and elements of the past with the possibilities of the future because the market is as fickle as a human emotions.
All you can do is ride in the direction of high probability and limit your risk appropriately.
On this premise, it is therefore impractical to offer a fixed rate of return from trading forex because your Results (Profit & Loss inclusive) might vary widely instantaneously. You can't win everyday.
In fact, no professional body in the world, hedge funds, prop firms etc. provide fixed rate arrangements except these "experts".
All that is there is that your performance should stay conservatively attractive in order to retain clients.

My Last but most Vital Point is: the INVESTOR PAYOUT INTERVAL

How often investors are paid out is an important factor concerning any trading or investment company managing investors' asset because it determines their trading style. I will use the example of a typical Hedge Fund arrangement because it is the most prominent institution outside a Banking structure that is allowed to collect funds from the public (although strictly selective) for the purpose of investment.

A typical Hedge Fund has an average lock up period of 1.5 years sometimes even up to 4 years and their is no scheduled payment of profits.
During this period the investor has waived off access to their funds for withdrawal.
This gives the company adequate time to deliver good results while distributing risk efficiently.
The inverse is the case for these "pseudo hedge funds" who commit double atrocity by paying out most if not all their clients a "Fixed" return on a "Monthly" basis.

The risk flaw in the latter practice is that the "pseudo hedge fund" theoretically has to risk the "whole basket" on a monthly basis in order to payout money to clients. The outflow of the accrued profit made by the company for that month has also reduced it's chances of compounding on past gains for future sustainability.
They might claim to have cash reserves, but from where can they generate enough cash reserve especially within a market as unpredictable as the Forex Market where losses are inevitable?
How can you have cash reserves when you are paying everyone monthly and withdrawal is possible in less than a year.
How? Maybe they are taking loans from Banks or perhaps in actuality they are paying back the specified part of investor's funds without corresponding income from forex and when time for withdrawal reaches you recycle money from another client. Hopefully, most charmed investors aren't willing to withdraw just yet, possibly they reinvest back their returns with even more additional money in a rollover plan.
Who knows?

I also have to criticize the acquisition of a relatively Large "Investment Company" by an unverified shell company that has no technical experience in the involved sector. Why should a 'Citizenship by Investment' company buy over a financial investment & trading company. Are you sure someone isn't trying to purchase foreign citizenship. Remember the case of Mrs Dieziani Allison-Maduke, you can't prosecute a non-resident foreigner without an extradition treaty. Think about this.

In Conclusion:

I am not here to coerce anyone into any decision. Awareness is my primary objective.
I just want you to understand that the activities of MBA Forex and their likes don't fit into the category they claim to belong.
Know what you dealing with and strategize how to tackle or avoid it. Risk only what you can avoid to lose.
Because we have a lot of uninformed people who consider these things normal practice every where else in the world.
That notion is far from the truth because the existence of these type of firms in the developed world is minimal to none because the knowledge and experience to filter what is authentic and what isn't is what made them what they are today.

I don't suggest that MBA forex and their likes will crash this year. It will go on as long as the charade of greed continues and expands but mark my words when it crashes, the Truth will be revealed and the Bottom majority of the Pyramid will actualize their well deserved losses.

To all those MBA Forex audacious activists that would come after me, ask yourselves one question, "If MBA Forex is operating an honest establishment would a flimsy dissuading opinion or lack of new investors counteract it's growth or existence?"
If your answer is a an assured NO then why the stress?
On the other hand I am obligated by human sympathy to highlight the reality for unsuspecting investors.

A Safe Forex Investment at the moment aside from self-trading should be in the form of a PAMM and Copy-trading model. Which is offered by various reputable companies and brokers.
It is highly transparent, in that you get a real time view of how your money is being put to work unlike a "behind the curtain" arrangement.

Have a good day people.