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MBA Trading

Nigeria|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.mbatrades.com/

Website

Rating Index

Contact

+2347000002000
support@mbatrades.com
https://www.mbatrades.com/
https://www.facebook.com/MbatradingCIL?_rdc=1&_rdr

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+2347000002000

Broker Information

More

Company Name

MBA Trading and Capital Investment Limited

Company Abbreviation

MBA Trading

Platform registered country and region

Nigeria

Company website
Twitter
Facebook

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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MBA Trading · Company Summary

NOTE: MBA Tradings official site - https://www.mbatrades.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

MBA Trading Review Summary
Founded N/A
Registered Country/Region Nigeria
Regulation No Regulation
Trading Platforms N/A
Minimum Deposit $1000
Claimed Rate of Return 2.5%-15%
Customer Support Tel: +2347000002000
Email: info@MBAtrading.org or support@mbatrades.com
Twitter: https://twitter.com/forex_mba/
Facebook: https://www.facebook.com/MbatradingCIL?_rdc=1&_rdr

What is MBA Trading?

MBA Trading, registered in Nigeria, is a company offering Forex training and investment services. However, the absence of regulatory oversight is a significant issue. Additionally, the inactivity of the official website further diminishes the credibility and transparency of MBA Trading. There are also claims that MBA Trading is running a Ponzi scheme.

MBA Trading

Pros & Cons

Pros Cons
  • Multiple Customer Support Channels
  • No Regulation
  • Non-functional Official Website
  • High Minimum Deposit
  • Unrealistic Returns
  • Ponzi Scheme Allegations

Pros:

  • Multiple Customer Support Channels: MBA Trading provides multiple customer support channels, including a telephone number, email addresses, and a presence on social media platforms like Twitter and Facebook.

Cons:

  • No Regulation: One of the most significant drawbacks is the lack of regulation. Being an unregulated broker poses inherent risks, as there is no oversight from financial regulatory authorities to ensure fair practices, transparency, and the protection of clients' funds.

  • Non-functional Official Website: The official website (https://www.mbatrades.com/) is inactive. An inactive website raises concerns about the broker's credibility, transparency, and the ability to provide accurate and updated information to clients.

  • High Minimum Deposit: The minimum deposit requirement of $1000 is considered excessively high compared to industry standards. This high barrier to entry limit accessibility for a broader range of investors and raises questions about the broker's intentions.

  • Unrealistic Returns: The promised monthly returns of 2.5% to 15% are considered unrealistic in the financial markets. Such consistent high returns without verifiable proof or audited trading results may indicate potential fraudulent activities or misleading marketing strategies.

  • Ponzi Scheme Allegations: There are claims that MBA Trading is operating a Ponzi scheme. Involvement in such fraudulent activities is illegal, unsustainable, and poses significant risks to participants who may ultimately face financial losses.

Is MBA Trading Safe or Scam?

Based on the information available and the identified red flags, there are significant concerns about the safety and legitimacy of MBA Trading. The lack of regulatory oversight is a critical issue, as the broker operates without supervision from financial regulatory authorities.

No license

The inactivity of MBA Trading's official website is another alarming factor. The unavailability of the official website hinders potential clients from accessing crucial information, adding a layer of uncertainty to the broker's credibility and transparency.

Allegations of MBA Trading running a Ponzi scheme further heighten concerns about the legitimacy of its operations. Ponzi schemes are illegal and unsustainable, relying on new investments to pay returns to earlier investors. Such schemes inevitably collapse, leading to financial losses for participants.

While it is not definitively stated that MBA Trading is a scam, the identified red flags, including the lack of regulation, the inactive official website, and allegations of operating a Ponzi scheme, make it a highly risky and questionable entity.

Claimed Rate of Return

MBA Trading's rate of return (ROI) structure promises investors varying percentages of monthly returns based on the amount they choose to invest. For investments ranging from $1000 to $13888, MBA Trading guarantees a high monthly ROI of 15%. Moving to the next tier, investments between $13888 and $136111 come with a slightly lower promised return of 10% per month. The third tier, encompassing investments from $138889 to $276514, offers a 5% monthly return. The final tier, for investments of $276514 and above, promises the lowest return rate of 2.5% per month.

While the idea of higher returns based on larger investments is not uncommon, the rates offered by MBA Trading, particularly the 15% monthly return, are notably high and may raise skepticism. Such consistent and elevated returns in financial markets, especially in Forex trading, are uncommon and can be indicative of potential risks or fraudulent activities. Furthermore, the structure of the ROI, with higher returns tied to larger investments, bears similarities to the characteristics of a Ponzi scheme. In Ponzi schemes, earlier investors are paid returns using the capital of newer investors, creating an unsustainable model that eventually collapses.

Educational Offerings

MBA Trading offers various learning schedules for its online and offline classes.

  • Online Learning Schedules

For online classes, there is a fee of #95,000 for the first three months. International students are required to pay $1000 as the online fee. The classes are organized into three sections, and they are conducted on four days of the week: Monday, Tuesday, Wednesday, and Friday.

  • Offline Learning Schedules

MBA Trading also offers offline class options.

Regular Class: This class is divided into two sections and is held twice a week on Mondays and Fridays.

Crash Class: This class is more intensive, divided into three sections, and is held from Monday to Friday.

Weekend Class: For those with weekday commitments, MBA Trading offers a weekend class held only on Saturdays.

Given the lack of supervision, opaque information, and accusations of being a Ponzi scheme associated with MBA Trading, it is crucial to approach any participation in their courses with extreme caution. Engaging in educational programs or any form of financial involvement with a company that exhibits these red flags can pose significant risks.

Customer Support

MBA Trading provides several contact channels for customer support. These include a telephone number, email addresses, and social media platforms.

Telephone: A telephone number, +2347000002000, is provided for users to contact MBA Trading for assistance.

Email: Two email addresses, info@MBAtrading.org and support@mbatrades.com, are listed for users to send inquiries or seek support.

Social Media Presence: MBA Trading has a presence on social media platforms such as Twitter (https://twitter.com/forex_mba/) and Facebook (https://www.facebook.com/MbatradingCIL?_rdc=1&_rdr).

Conclusion

MBA Trading raises significant concerns and red flags that potential clients should carefully consider before any engagement. The lack of regulatory oversight, the non-functional official website, the high minimum deposit requirement of $1000 and the unrealistic rate of return are all worrisome factors. Moreover, allegations of MBA Trading operating as a Ponzi scheme amplify the risks associated with its services.

While there are multiple customer support channels, the overall reliability and effectiveness of customer service remain uncertain, especially considering the reported issues with the company. Participation in MBA Trading's educational programs or financial engagements may pose significant risks.

Frequently Asked Questions (FAQs)

Q 1: Is MBA Trading a regulated company?
A 1: No.
Q 2: What is the minimum deposit required by MBA Trading?
A 2: MBA Trading requires a minimum deposit of $1000.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

MBA Forex Protest Victims Demand Refund

NewsMBA Forex Protest Victims Demand Refund

2022-08-18 18:58

According to WikiFX, victims of MBA FOREX fraud have given the Economic and Financial Crime Commission, EFCC, a 21-day deadline to arrest and prosecute Christ Embassy Pastors, Amaechi Bartholomew Udeaku, Paul Odogbo, and Precious Williams, who have been declared wanted by the commission for MBA Forex fraud.

WikiFX
2022-08-18 18:58
News
MBA Forex Protest Victims Demand Refund
MBA FOREX SCAM VICTIMS PROTEST OUTSIDE THE CHRIST EMBASSY IN RIVERS

NewsMBA FOREX SCAM VICTIMS PROTEST OUTSIDE THE CHRIST EMBASSY IN RIVERS

2022-08-16 17:38

The Christ Embassy Church on Odili Road in Port Harcourt has been picketed by dozens of victims of MBA forex trading who claim three of the church's pastors robbed them of billions of naira.

WikiFX
2022-08-16 17:38
News
MBA FOREX SCAM VICTIMS PROTEST OUTSIDE THE CHRIST EMBASSY IN RIVERS
WIKIFX REPORT: MBA Reassures Investors on Capital Payback Amid Challenges

NewsWIKIFX REPORT: MBA Reassures Investors on Capital Payback Amid Challenges

2022-06-10 16:13

MBA Trading and Capital Investment Limited, a forex training and capital investment firm, has reaffirmed its commitment to repay investors' capital funds after failing to fulfill the planned investment revenue base owing to market volatility and other issues.

WikiFX
2022-06-10 16:13
News
WIKIFX REPORT: MBA Reassures Investors on Capital Payback Amid Challenges
MBA TRADING EXCHANGE NIGERIA EXPOSED !, DONT INVEST WITH THEM

ExposureMBA TRADING EXCHANGE NIGERIA EXPOSED !, DONT INVEST WITH THEM

2021-03-16 22:34

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.

WikiFX
2021-03-16 22:34
Exposure
MBA TRADING EXCHANGE NIGERIA EXPOSED !, DONT INVEST WITH THEM

User Reviews

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3

Comments

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Wendyjyp
more than one year
The fees charged upon entering and completing trades were exorbitant, regardless of whether the outcome was profitable or not. It felt like they were more focused on extracting money than providing a fair trading environment.
2024-02-02 14:33
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FX1414949242
more than one year
I had a terrible experience with MBA Trading and I can confirm that they are a scam. I deposited a large sum of money into their platform and was promised great returns, but I quickly realized that I had been scammed. Their platform was rigged and my trades were manipulated in their favor. When I tried to withdraw my funds, I was met with resistance and my requests were ignored. Scammers!!!!
2023-03-23 10:15
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0
0
八九点的太阳
more than one year
MBA Trading is a nasty liar, it maliciously manipulates the background when you are trading, and the price will suddenly change at the moment you place an order, resulting in a large loss.
2023-02-24 11:11
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