Plus10:
Some people thought there is always a perfect environment for investment.They will spend all their time trying to dig out all the faults they could find before making that final decision to investment. When a colleague of mine told me about MBA in August last year,I didn't waste time to inform a close friend of mine but my friend was too investigative to invest his hard earn money.That is how I left him to his fate.Anyway I did my little investigation about MBA and decided to invest some cash.Ever since then the rewards have been great.Ending of this month will make it my 8th month with MBA.With the consistent ROI from MBA ,I have been able to do alots things -bought a percel of land in a choice location,paid my MSc tuition fee, and if not for the lockdown a car would have followed. Mainwhile during this period I have not heard from my friend but when we finally saw each other last month,the first question that came from him was "guy how far the MBA stuff you told me about,hope they have not gone with your money?I just laughed and I told him how painful it would have been if I didnt take the decision to invest in MBA.When I told him about the land,another things I have done with the ROI received from MBA,he was so full of surprise and at the same time regret. Now he is looking for a way to invest with MBA after wasting so much time trying to see if MBA would crash. Now let me conclude with this there is this wise saying I extracted from one of the greatest investors of our time ,it goes like this " When you want all the guaranteed profits including perfect operating environment before you can invest your money or participate in fixing market frictions, it shows that you are not ready for anything because what you are looking for does not exist.History only recognise those who ventured successfully or unsuccessfully, no place for onlookers and spectators,you choose where to belong.Markets only reward the doers,become one today.

Plus10:
Some people thought there is always a perfect environment for investment.They will spend all their time trying to dig out all the faults they could find before making that final decision to investment. When a colleague of mine told me about MBA in August last year,I didn't waste time to inform a close friend of mine but my friend was too investigative to invest his hard earn money.That is how I left him to his fate.Anyway I did my little investigation about MBA and decided to invest some cash.Ever since then the rewards have been great.Ending of this month will make it my 8th month with MBA.With the consistent ROI from MBA ,I have been able to do alots things -bought a percel of land in a choice location,paid my MSc tuition fee, and if not for the lockdown a car would have followed. Mainwhile during this period I have not heard from my friend but when we finally saw each other last month,the first question that came from him was "guy how far the MBA stuff you told me about,hope they have not gone with your money?I just laughed and I told him how painful it would have been if I didnt take the decision to invest in MBA.When I told him about the land,another things I have done with the ROI received from MBA,he was so full of surprise and at the same time regret. Now he is looking for a way to invest with MBA after wasting so much time trying to see if MBA would crash. Now let me conclude with this there is this wise saying I extracted from one of the greatest investors of our time ,it goes like this " When you want all the guaranteed profits including perfect operating environment before you can invest your money or participate in fixing market frictions, it shows that you are not ready for anything because what you are looking for does not exist.History only recognise those who ventured successfully or unsuccessfully, no place for onlookers and spectators,you choose where to belong.Markets only reward the doers,become one today.

Fxmanager:
If you are setting up your forex fund management company under a government licensed, regulated, monitored and audited broker, you are covered by that broker's regulation

mtinfx:


Nigerians are not hard to dupe
just setup an office, tag forex or the trending ponzis now which is called agro tech where someone sets up a farm in the village and hangs some banner, goes and buys 100k insurance for it and uses it to raise millions online in the name of agro tech startup

and our system nourishes scams very well, Government only steps in when a top official is hit, and when they have made billions

Joeyburton:


This is stock market not forex market. Stock market is even better. If you know what a company is doing right you can invest in them. Like Tesla we all know will skyrocket in the future when we start running low on energy sources we have now and everyone starts shifting towards renewable energy. Stock market is much better. If they traded forex they probably wont even be close to that 40% per annum. Forex is unpredictable as hell.

MBA must truly be a magician.

If anyone thinks 5% a month is not encouraging then you have been listening to too many scammers online and you either need to stay away from forex or get the right information and lower your expectations or you will find yourself homeless very fast.

airsaylongcom:
This thread must be really trending for so many monikers to spend their entire waking day striving to paint MBA black. All the F,J and A making the thread real busy. Lockdown issa bad something for all these monikers

Joevics:

Is there any government regulated forex broker in Nigeria?
Which guideline are they using, because I know SEC doesn't have one.

airsaylongcom:
Lol! Mahn said I should be worried for my life and safety. You should be more interested in running your "we" business. And making it profitable. The Bible advised that. Take that advice

Tee24:


I just received my first ROI. Thank you.

showreals:
This Thread is more interesting than world Economics right now.

Joevics:

Stock I'd dependant of the company's performance, while your failure or success as a forex trader is dependent on your strategies and what you do.

How hard can that be. Stop generalizing - you can either win or lose in Forex. Saying one can't make above 40% a month is absurd.

Plus10:
Some people thought there is always a perfect environment for investment.They will spend all their time trying to dig out all the faults they could find before making that final decision to investment. When a colleague of mine told me about MBA in August last year,I didn't waste time to inform a close friend of mine but my friend was too investigative to invest his hard earn money.That is how I left him to his fate.Anyway I did my little investigation about MBA and decided to invest some cash.Ever since then the rewards have been great.Ending of this month will make it my 8th month with MBA.With the consistent ROI from MBA ,I have been able to do alots things -bought a percel of land in a choice location,paid my MSc tuition fee, and if not for the lockdown a car would have followed. Mainwhile during this period I have not heard from my friend but when we finally saw each other last month,the first question that came from him was "guy how far the MBA stuff you told me about,hope they have not gone with your money?I just laughed and I told him how painful it would have been if I didnt take the decision to invest in MBA.When I told him about the land,another things I have done with the ROI received from MBA,he was so full of surprise and at the same time regret. Now he is looking for a way to invest with MBA after wasting so much time trying to see if MBA would crash. Now let me conclude with this there is this wise saying I extracted from one of the greatest investors of our time ,it goes like this " When you want all the guaranteed profits including perfect operating environment before you can invest your money or participate in fixing market frictions, it shows that you are not ready for anything because what you are looking for does not exist.History only recognise those who ventured successfully or unsuccessfully, no place for onlookers and spectators,you choose where to belong.Markets only reward the doers,become one today.

Fxmanager:
There is no Nigerian government regulated forex broker currently. Forex brokers might have their representatives here in Nigeria, but have their headquarters in another country where there are regulated by the government of that country. That regulation protects/covers traders/investors doing business with the broker, provided the regulation protects/covers citizens from your country.

Though you also don't need to rely on government regulation alone, but also rely on the forex broker's user reviews, especially in the angle of deposits/withdrawals. Currently the only reliable independent forex broker's user reviews website is www.forexpeacearmy.com

IAMTHEHERO:
Guys!! It is enough of this MBA thing. You people should look at the date this thread was created; and MBA is still thriving. MMM never lasted more than 8 months and it crashed. They tried to kick start MMM again, and it never lasted more than 4 months. MMM never had an office etc. I will take time out of my job to give you people my travails in investments: MMM, T- BILLS, PAMM accounts with FXTM, Copy traders, Importation business, Individual forex traders, manufacturing business, real estate etc.
One thing we should know is nothing lasts forever, even some banks collapsed in time past (CCB, Savannah, just to name a few). Before l start narrating my experience in the above named investments. Please permit me to say few things/facts about MBA:
-They have physical presence in all areas of their operations- PH(Eliozu, Waterline), Aba, Owerri, Enugu, Asaba, Benin, Uyo, Abuja, Lagos (Ikeja, Lekki), Dubai, Uk etc. Their offices are by far more beautiful and work conducive than most banking halls, even some oil and gas companies offices can't be compared to their offices.
- They have over 700 dedicated staffs, MBA have HMO cover for their staffs, some were given official cars. They also have loans facilities for them.
-MBA have lived more than 2 years now and still going to many places.
-MBA features in regular televisions(Channels, RSTV etc) as well as print media, and they never hide their businesses.
- If this 15% roi is no longer sustainable due to effects of corona virus to world economy, l bet you that their CEO will drop the roi to 10%. Remember, it was 20% before it came down to 15% (..for less than N5M investors)
- The minimum of investment in MBA is N360,000 now. You can imagine millions of people who can't afford N360,000 are being disenfranchised. Remember, they have stopped their Top-up.(It is now being done during your rollover and it must be N360,000/above).This means they are not begging you for your money.
-Some people here criticizing MBA are doing so for their own personal gains. Beg them for financial help and see if they will not disappear from nairaland for months. Some don't have money to invest in MBA. Some had bitter and bad experience with their investments in time past. Even some people are regretting why they didn't invest in MBA early. Some are wishing MBA to collapse so that they will say: we knew it , we said it; we warned them etc. Some people here are MBA competitors. Some want you to invest in their own business/scheme.
When a man over flogs an issue, then, he has a hidden agenda, you and l do not know.

IAMTHEHERO:
Guys!! It is enough of this MBA thing. You people should look at the date this thread was created; and MBA is still thriving. MMM never lasted more than 8 months and it crashed. They tried to kick start MMM again, and it never lasted more than 4 months. MMM never had an office etc. I will take time out of my job to give you people my travails in investments: MMM, T- BILLS, PAMM accounts with FXTM, Copy traders, Importation business, Individual forex traders, manufacturing business, real estate etc.
One thing we should know is nothing lasts forever, even some banks collapsed in time past (CCB, Savannah, just to name a few). Before l start narrating my experience in the above named investments. Please permit me to say few things/facts about MBA:
-They have physical presence in all areas of their operations- PH(Eliozu, Waterline), Aba, Owerri, Enugu, Asaba, Benin, Uyo, Abuja, Lagos (Ikeja, Lekki), Dubai, Uk etc. Their offices are by far more beautiful and work conducive than most banking halls, even some oil and gas companies offices can't be compared to their offices.
- They have over 700 dedicated staffs, MBA have HMO cover for their staffs, some were given official cars. They also have loans facilities for them.
-MBA have lived more than 2 years now and still going to many places.
-MBA features in regular televisions(Channels, RSTV etc) as well as print media, and they never hide their businesses.
- If this 15% roi is no longer sustainable due to effects of corona virus to world economy, l bet you that their CEO will drop the roi to 10%. Remember, it was 20% before it came down to 15% (..for less than N5M investors)
- The minimum of investment in MBA is N360,000 now. You can imagine millions of people who can't afford N360,000 are being disenfranchised. Remember, they have stopped their Top-up.(It is now being done during your rollover and it must be N360,000/above).This means they are not begging you for your money.
-Some people here criticizing MBA are doing so for their own personal gains. Beg them for financial help and see if they will not disappear from nairaland for months. Some don't have money to invest in MBA. Some had bitter and bad experience with their investments in time past. Even some people are regretting why they didn't invest in MBA early. Some are wishing MBA to collapse so that they will say: we knew it , we said it; we warned them etc. Some people here are MBA competitors. Some want you to invest in their own business/scheme.
When a man over flogs an issue, then, he has a hidden agenda, you and l do not know.

Phraences:



I agree with this. SEC is complicit and i have been suspecting them. Maxwell has come out in newspapers asking SEC to regulate the forex industry since 2018. He has done events and conferences since 2018 and SEC are aware all this time. SEC was listed as a regulator on their website. Someone in this thread mentioned they showed him SEC certificate in one of their offices. (abi it is CAC certificate they showed him and he is mistaking it for SEC?) All of a sudden they woke up and put MBA on a list. Why didn't you release a statement all this time? Maybe the Ogas in SEC are investing with MBA or MBA has been bribing SEC and they are no longer friends cos i don't know why since 2018, SEC is now recognizing MBA as unlawful. They even said "These activities are perpetrated by suspected promoters of Ponzi and other fraudulent schemes under the following identities" That wording is very strong and carries weight. If you noticed, SEC has not released a list of any suspected Ponzi/Agritech scheme. What they released was proposed crowd funding rules. Since 2018, why didn't they release proposed forex regulation rules? Why didn't they talk to SEC's of other countries where forex is regulated? See me see wahala. Is it that difficult to regulate forex Just copy from a country regulating forex and make adjustments according to your country's unique circumstance or hire world class consultants to advise you. Since 2018? Haba. Even before MBA came out in 2018, forex has been in Nigeria and SEC were sleeping. What a Govt! What a Country!

Joevics:


You answered my question. In other words, your Citadel is not even SEC approved o approved by any Government agency in Nigeria.

So why the fixation on MBA SEC approval?

Fxmanager:
We are setting up our forex fund management service under a government licensed, regulated, monitored and audited forex broker, which is in another jurisdiction (note the fact that the broker is at least government regulated, though in another jurisdiction, but that regulation protects/covers investors from countries permitted by the government regulatory body). MBA should do the same if they are genuine.

We are not collecting investors deposits into our personal account like MBA. Investors risk loosing their investment, when MBA shuts down.

In our forex fund management structure, you are opening your personal forex brokerage/investment account, directly with a government licensed, regulated, monitored and audited broker, to make an investment with us. In this case, you the investor has 100% deposit/withdrawal access to the account. We are only given access by the broker to trade/manage your funds through a forex PAMM trading software/platform. No matter where we are located to trade your funds, we don't have deposits/withdrawals access to investor's investment account, removing the risk of us running away with investors funds.

If MBA forex is actually trading forex, they should have use the same structure above, but there are only recycling investors funds.

Any forex investment firm that is not government regulated and is not working in partnership with a government licensed and regulated forex broker and is receiving investors deposit is a scam waiting to happen.

In our own case we are using our trading strategy to grow investors funds through our fund management service, set up under a government licensed and regulated forex broker. With these structure, the issue of us running away with investors funds does not arise, as investors will be benefitting from our trading skill by investing with us by having an investment account, through the government licensed and regulated forex broker. These accounts, we as traders/fund managers have no deposit/withdrawal access. The only access is to trade/manage the account.

The bone of contention with MBA and it's ponzi scheme is that when they shut down today and run away with investors funds, they will give a bad name to the forex fund management/investment business and also pose a risk to those of us who might be going out to market our legitimate forex fund management service. Another bone of contention with them is the ignorant, gullible and naive investors that they will defraud at last, the suicides that will follow, the families that will be destroyed, the relationships that will be destroyed. The promoters of the scheme risk being bathed with acid by those that they lured into the scheme, like it happened in some state, during the time of MMM.

Nwabetter:
MBA this FOREX that. Just for meagre 3%, 5%, 10% ,15% roi in a month, People will hang their mind and soul and be emotional for no good cause. Sports betting is dangerous buh I'd rather do it than invest or risk away my sweat for no good cause in the name of forex trading.

Am not an advocate of sports betting or a fan of it. But think about it, The risk in sports betting that can give you 10% and 5%(equivalent to 1.0odd and 0.5 odd respectively) is very minimal than the risk in expectancy of 5-10% roi in forex.



If you have enough money to invest out. Like 1million . Why not study and choose to risk it into sports betting with maximum of 1.0odd(10% roi), you'll have like 3 days of the weekend (friday, sat, sunday ) when there's much football around the globe and make your investment, you'll end up with 120% roi in a month for investing only on weekend days with max of 1.0odds for the traded days or 60% roi with max. Of 0.5odds on the traded days.

let say

Friday =1.0odd of 1million( equivalent to10%)=100,00
Sat = 100,000
Sun. =100,000 .

Total=300k gain +capital in a single week.

In a month youll have. 300k *4=1.2million.+capital. (120%). You drop ur capital and start trading the next month with ur gain.

Or a total of 600k gain+capital on a 0.5odds trade. Which is 60% roi in a month.



Is it not better i trade on sports bet with its low risk minimum odd of 0.5odd on weekends and make 60% roi in a month with happiness and rest of mind than taking my hard earned money to a group of niggas with office nd it got drowned in de name of forex ..

You traded abi risked for 20 days of the month for just 5-15% roi.

While i traded on only 12 days with mininmum of 60% roi in a month..

I think ill go for sports trading..



Nah i no do abeg....