Of course I know I am a third party to the insurance. However if someone says my investment with them is insured to the value of the investment sum then goes ahead to be silent about the nature and type of the insurance, then why did they mention the insurance in the first place? All investments comes with a level of risk, that's not to say I won't ask questions even though I know the final decision lies in my hands.

Akpaamunsi:



Basically, my blunt advice to u is, if you don't have the mind to risk your money with MBA, then don't bother to put your money there. Investing in MBA is a risk and it is only for stone hearted investors.

Now, even if MBA is insured, that covers only them as the second party, it does not cover u as a third party because the insurance company doesn't know who you are. If anything happens or bad business happens, then u will have to meet MBA to refund u your money. Going to their office to ask for insurance policy or coming here to ask for mba's insurance policy doesn't make sense because u as a 3rd party is unknown to the insurance company.
Investing in forex or mba is for those who have the guts and courage to take risks and make good money. If you know u r averse to risks or u are not fully confident with mba then pls leave your money in more orthodox investments like fixed deposit and bonds.

I, like other investors in MBA do not have time to go and start asking them questions about insurance because we understand d risky nature of their business but we are ready to sink or swim with them because we believe in them and it has been worth the stress.

So please no point coming here to ask for insurance because even if there is, it doesn't cover u as a 3rd party. Thanks

Thank you.

Guys please I'm not here to cause trouble. Just want to be fully informed. I was at the MBA office today and there were lots of people there, some doing top up, some rolling over, etc. The lady that attended to me gave me evasive answers that I was not satisfied with and if I ask more, she will tell me to research and I'm like I am here. Why can't you give me an answer? Why are you asking me to research? Especially with regards to if the investment is insured. We were already having an argument until a senior officer came and that one too did not give a straight answer to the questions. I did not want to argue further as I had other places to go to but they did not convince me with their answers so please who knows about their insurance policy?

Can someone please help me with the address of MBA in Ikeja? I'm in Ikeja now and would like to visit their office before I proceed with my investment. I'm not sure if the address I saw online is correct. Thanks

This amount, is it the market price of 450 or the CBN rate of 385?

Kendaboss:
Yes they are, but it's now strictly $1000