MBA TRADING EXCHANGE NIGERIA EXPOSED !, DONT INVEST WITH THEM

MBA Trading Exchange Nigeria Was one of the investment companies in Nigeria that claimed to offer services to teaching lessons on how to trade foreign exchange markets. This Trading company has been offering it‘s services in Nigeria and had reached many people since the time of their service, and had many investors which the company promised to give returns of their investments based on the time interval. As people continue to invest their capital with MBA Trading exchange, expecting some ROI , suddenly a report of it’s crashed arise in December 2020! Which resulted confusion and more fears of loss to the investors who has been waiting for their ROI and now turns out to be a total loss, in short they were scammed. Many of the investors still reacted to confirm from the company weather it‘s true that they can’t get back even their capital ？, but as known the company continues to claim that their system was not crashed rather they are having some technical issues and also continue to show that CBN also is responsible for the payment to their investors, until finally as the result comes out that its not a legal and just not a CBN fault in paying back their investors. Below Is one of the complaints made by one the victims to the MBA Trading Exchange;

An investor, Ayogu Fidelis said despite investing #1, 000,000 in the scheme, the company has not made returns to him since October. He said;

“I invested in August. I have only been paid twice. First, they claimed that there was a glitch following their alleged migration to a new platform. Now, they are blaming the banks and the Central Bank for their inability to pay. They have also refused to refund the initial money. This is festive period and I need the money to celebrate with my family”

Although the company continues to claim their sincerity and deny their crashed, yet a warning report was made by the Securities and Exchange Commission saying the company is lying about its regulator status and its illegal investment services also a Ponzi scheme that is doomed to crash, so stay away from this unlicensed market operator.

Numerous scammed complaints were made by the investors regarding the MBA Trading Exchange which dont need to be all mentioned here, but more details can still be found in our Application WikiFX (Global Forex Broker Regulatory Inquiry App), including the list of verified Brokers and investment Companies that are regulated and are safe for trading or investing with. I therefore recommend you to always check the Application (WikiFX) for updates on scam cases and confirming the verified investment companies.

Declaration : The evidence in WikiFX exposure article are verified with the following procedures :

· Proof of request and complaints by the investors

· Proof of complaints from various investors on MBA trading exchange media channels

· Proof of Allegations from the Securities and Exchange Commission (SEC) of Nigeria.

· The Editor will also review the article before publishing it