Item: MBA Trading
Rating: 1.40

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

40G

open now

Contact number

English

+2347000002000

Broker Information

Company Name

MBA Trading and Capital Investment Limited

Company Abbreviation

MBA Trading

Platform registered country and region

Nigeria

Company website

https://www.mbatrades.com/

Twitter

https://twitter.com/forex_mba/

Facebook

https://www.facebook.com/MbatradingCIL?_rdc=1&_rdr

Company summary

Pyramid scheme complaint

Expose

MBA Trading · Company summary

General Information & Regulation

MBA Trading and Capital Investment Limited is a Forex training and investment company. It offers training lessons for you to learn how to trade foreign exchange markets. MBA Trading and Capital Investment Ltd. is a Nigerian company headquartered in Abuja and with alleged offices in the United Kingdom and United Arab Emirates. There is zero evidence that MBA trading is regulated, so it is an unregulated broker.

Minimum Deposit

The minimum deposit with MBA Trading is 1000 USD, absurdly high. Traders should know that many legit brokers only requires a minimum initial deposit around $100 or even less.

Unrealistic Returns

MBA Trading guarantees each members 2.5% – 15% ROI per month depending on the amount you invest. See how it works below:

l $1000 – $13888 attracts 15% ROI per month

l $13888 – $136111 attracts 10% ROI per month

l $138889 – $276,514 attracts 5% ROI per month

l $276,514 and above attract 2.5% ROI per month.

MBA Trading is promising 15% monthly returns. We know it might not sound as much, but it is. In Forex and other financial trading 15% per month is a lot. If it wasnt, your average bank would be offering similar returns. In fact, any company consistently achieving 15% per month in investing would be among the best in the world A legit company would provide proofs about its earnings such as audited trading results. MBA Trading provides nothing, it just implicitly claims that it outperforms the best investing firms in the world.

Online learning schedules

Fees for online classes is #95,000 for the first three months. Online fee for international students is $1000. And, Classes are divided into three sections and are held on Monday, Tuesday, Wednesday and Friday.

Offline Learning Schedules

l Regular Class

Classes are divided into two sections and are held twice in a week (Mondays and Fridays).

l Crash Class

Classes are divided into three sections and are held from Monday to Friday.

l Weekend Class

Classes are held only on Saturdays.

How MBA Trading Works？

MBA Trading is running a Ponzi scheme, which means that it is not investing, it is not trading financial markets, it is just collecting money from people and giving it to others. Newer deposits are used to pay out older profits. That‘s how Ponzi schemes operate. Ponzi schemes always crash in the end because they always run out of money, since the whole concept is an unsustainable scam. Don’t even think about participating in such an illegal scheme. First, it could crash right after your deposit, and you would lose everything. Second, even if you manage to pull out some profits out of MBA Trading, it will be money that somebody else had to lose in that scam.

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Warning: Low score, please stay away!

Previous Detection : 2022-12-06

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

2 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

BIG SCAM I LOST 350$

Investment Scam This group is a Fraud Investment Group . The Bot Is Fake ! They will Never Send an Withdrawal . The testimonials are fake as the Group admin requests to do it for withdrawal. Please Don't Trust such Investments. I invest over 350$ Stay Safe!

FX3605431217

2021-08-06 06:31

Unable to withdraw

Scam

I contacted with them because I wanted to earn money. I deposited $2,000 ant it operated well in the first month. They called me and promised 80% profits every month. After a week, there was no response from them and there was no balance in my account. It was a scam. They still haven’t approved my withdrawal.

FX3726149608

2021-08-04 07:13

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News

NewsMBA Forex Protest Victims Demand Refund

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

NewsMBA FOREX SCAM VICTIMS PROTEST OUTSIDE THE CHRIST EMBASSY IN RIVERS

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

MBA FOREX SCAM VICTIMS PROTEST OUTSIDE THE CHRIST EMBASSY IN RIVERS

NewsWIKIFX REPORT: MBA Reassures Investors on Capital Payback Amid Challenges

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

NewsWIKIFX REPORT: Nigeria’s SEC says MBA Capital and Trading Ltd not registered

MBA Capital and Trading Limited is not a registered capital market operator with the Securities and Exchange Commission of Nigeria (SEC). This was stated in a statement signed by the SEC's management.

WikiFX

2022-06-10 16:06

NewsWIKIFX REPORT: N117bn moved out of MBA Forex accounts despite CBN freezing order

A Federal High Court in Port Harcourt has adjourned a suit filed by investors in the failed MBA Forex Trading and Capital Investment Limited to November 17, 2021, in which they want the Central Bank of Nigeria (CBN) to compel commercial banks to disclose the alleged movement and reduction of their investment funds from 117 billion to 113 million naira, despite the fact that the forex company's accounts have been frozen.

WikiFX

2022-06-10 15:59

NewsWIKIFX REPORT: Court to hear suit against MBA Trading

On May 19, the Federal High Court in Lagos will hear Mr. Ikechukwu Ago-winding-up Amaechi's suit against MBA Trading and Capital Investment Limited.

WikiFX

2022-06-10 15:53

NewsWikiFX report: Victims of failed MBA Forex investment disagrees with CBN on probe outcome

Angry investors in the collapsed MBA Forex ponzi scheme have clashed with Central Bank of Nigeria (CBN) officials in Port Harcourt, Rivers State, after the bank claimed that various lawsuits had halted its investigation into the problem.

WikiFX

2022-04-14 15:47

NewsInvestment Fraud: Aggrieved Investors In MBA Trading Limited Protest Over Alleged N171billion Fraud

The amount involved is said to be about one hundred and seventy-one billion naira (N171,128,219,041).

WikiFX

2022-04-14 15:37

Investment Fraud: Aggrieved Investors In MBA Trading Limited Protest Over Alleged N171billion Fraud

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