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MBA Trading foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://payments.mbatrades.com/register, about the company's legal and temporary regulatory information, the company's address .

MBA Trading Forex Broker

No Regulation
MBA Trading

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Company profile

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. 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. 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.
MBA Trading broker review
Is MBA Trading safe or scam
How to login to MBA Trading?

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Pros
Multiple customer support channels, including phone, email, and social media.
Offers forex training and educational resources for aspiring traders.
Potential for high returns on investment, appealing to risk-tolerant investors.
Cons
No regulatory oversight, posing significant risks to clients' funds and practices.
High minimum deposit requirement of $1000, limiting accessibility for many investors.
Allegations of operating a Ponzi scheme, raising serious concerns about legitimacy and sustainability.

Basic Information

Registered Region
Nigeria
Operating Period
--
Company Name
MBA Trading and Capital Investment Limited
Abbreviation
MBA Trading
Company employee
--
Customer Service Email Address
support@mbatrades.com
Contact Number
+2347000002000
Company Website
https://www.mbatrades.com/
Facebook
https://www.facebook.com/MbatradingCIL?_rdc=1&_rdr
X
https://twitter.com/forex_mba/
How to login to MBA Trading?
mba trading Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a mba trading Account Registering for an mba trading account is the first step towards engaging with their trading platform. Follow these detailed steps to successfully complete the registration process: Steps 1-5: Accessing the Registration Page: Navigate to the official mba trading website. Look for the "Sign Up" or "Register" option prominently displayed on the homepage. Click on it to access the registration page. Insert screenshot of registration page here. Filling in Required Information: Complete the registration form by entering your personal details, including your full name, email address, phone number, and preferred password. Ensure that all information is accurate to avoid issues later. Email/Phone Verification: After submitting your information, you will receive a verification email or SMS. Click on the verification link sent to your email or enter the code sent to your phone to confirm your contact details. Identity Verification (if required): Depending on your region and the specific requirements of mba trading, you may need to undergo an identity verification process. This can include uploading a government-issued ID or other documentation. Registration Confirmation: Once all steps are completed and verified, you will receive a confirmation email indicating that your registration is successful. Keep this email for your records. Common Registration Issues and Solutions Issue: Not receiving the verification email. Solution: Check your spam or junk folder. If its not there, request a new verification email from the registration page. Issue: Difficulty uploading documents for identity verification. Solution: Ensure that your documents are in the correct format and within the size limits specified on the website. Regional Differences in Registration Depending on your location, the registration process may require additional documentation due to local regulations. For instance, users in certain countries might need to provide tax identification numbers or proof of residence. Always check the specific requirements for your region during the registration process. Part Two: Account Opening Process mba trading Account Opening Detailed Guide While registration is the initial step to access the platform, opening an account is necessary to start trading. Heres a detailed guide to the account opening process: Differences Between Registration and Account Opening Registration creates a user account, while account opening involves linking your financial details and completing necessary verifications to enable trading activities. Preparation Work Before Account Opening Before you begin the account opening process, gather the following documents: Government-issued ID (e.g., passport, drivers license) Proof of address (e.g., utility bill, bank statement) Bank account details for funding Detailed Account Opening Steps: Selecting Account Type: Choose the type of account you wish to open. Options may include individual accounts, joint accounts, or corporate accounts, depending on your needs. Submitting Required Documents: Upload the necessary documents as specified in the previous section. Ensure that all documents are clear and legible. Account Review Process: Once your documents are submitted, mba trading will review your application. This process typically takes a few business days. Account Activation: After approval, you will receive a notification confirming that your account is activated. Initial Setup: Log in to your account using your credentials and complete any additional setup, such as linking your bank account for funding. Frequently Asked Questions About Account Opening Q: How long does it take to open an account？ A: The account opening process can take anywhere from a few hours to several days, depending on the verification needs and regional regulations. Q: Can I open multiple accounts？ A: Yes, but it is advisable to check the platform's policy on multiple accounts to ensure compliance. Next Steps After Opening an Account Once your account is open, familiarize yourself with the trading platform. Consider practicing with a demo account if available, and set up your trading preferences, including alerts and notifications. Part Three: Login Guide mba trading Login Process Explained Logging into your mba trading account is straightforward. Heres how to do it: Basic Web Login Process (Steps 1-5): Visit the Login Page: Go to the official mba trading website and click on the "Login" button located at the top right corner of the homepage. Enter Your Credentials: Input your registered email address and password in the designated fields. Ensure that your Caps Lock is off to avoid errors. Two-Factor Authentication (if enabled): If two-factor authentication is set up, you will receive a code via SMS or email. Enter this code to proceed. Click on the Login Button: After entering your credentials and any verification code, click on the "Login" button to access your account. Access Your Dashboard: Upon successful login, you will be directed to your trading dashboard where you can view your account details and start trading. Mobile App Login Process (if applicable) Download the App: If you prefer mobile trading, download the mba trading app from the App Store or Google Play. Follow a Similar Process: The login process on the app mirrors the web login. Enter your email and password, complete any two-factor authentication, and tap "Login." Other Login Methods Some platforms may offer Single Sign-On (SSO) options, allowing you to log in using credentials from other services (like Google or Facebook). Check the login page for these options. Common Login Issues and Solutions: Forgotten Password: Use the "Forgot Password？" link on the login page to reset your password. Follow the instructions sent to your registered email. Account Lockout: If you enter incorrect credentials multiple times, your account may be temporarily locked. Wait for a specified period or contact customer support for assistance. Technical Issues: Ensure your internet connection is stable and try clearing your browser cache. If problems persist, reach out to technical support. Special Instructions for First-Time Login: Upon your first login, you may be prompted to set up security questions or two-factor authentication for added security. Overview of Features After Login Once logged in, you can access various features such as trading tools, account settings, market analysis, and educational resources. Take some time to explore the dashboard and familiarize yourself with the available options. Additional Sections Account Security Recommendations Use strong, unique passwords and enable two-factor authentication for enhanced security. Regularly update your password and be cautious of phishing attempts. Best Practices for Account Management Monitor your account activity regularly. Set trading limits to manage risks effectively. How to Get Technical Support Use the support section on the mba trading website for FAQs and contact information. Reach out via email or phone for personalized assistance. This comprehensive guide provides a clear pathway to registering, opening, and logging into your mba trading account. By following these steps, you can navigate the platform effectively and engage in trading with confidence.
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MBA Trading Forex Broker - Complete Information Guide

1. Broker Overview

MBA Trading and Capital Investment Limited, commonly referred to as MBA Trading, is a forex trading and investment company based in Nigeria. The company is headquartered in Abuja and claims to have additional offices in the United Kingdom and the United Arab Emirates. While the exact founding date of MBA Trading is not publicly disclosed, the company has been operational for 5 to 10 years according to various sources.

As a private entity, MBA Trading primarily targets retail clients looking for forex training and investment opportunities. The company offers a range of services, including forex trading education, investment plans promising high returns, and market analysis tools. However, the absence of regulatory oversight raises significant concerns about its legitimacy and operational practices.

The business model of MBA Trading is centered around retail forex trading, where investors can participate in various forex markets. The firm promotes itself as a training institute, aiming to educate individuals on trading in foreign exchange markets while also offering investment plans that claim to provide monthly returns of up to 15%.

2. Regulation and Compliance Information

One of the most critical aspects concerning MBA Trading is its lack of regulation. The company does not appear to be licensed by any recognized financial regulatory authority. Sources indicate that it is not registered with the Financial Services Regulation Coordinating Committee of Nigeria or the Financial Conduct Authority (FCA) in the UK. This absence of regulation makes it a high-risk entity for potential investors.

Key Points on Regulation:

  • Regulatory Bodies: MBA Trading is not associated with any regulatory bodies.
  • Licensing Information: No valid regulatory license numbers are available.
  • Client Fund Protection: There are no details on client fund segregation policies, which is a standard practice among regulated brokers to protect client investments.
  • Investor Compensation: MBA Trading does not participate in any investor compensation schemes, further heightening the risk for clients.
  • KYC and AML Policies: The company claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, but the lack of regulatory oversight raises questions about the effectiveness of these policies.

3. Trading Products and Services

MBA Trading offers a variety of trading products and services, primarily focusing on forex trading. The company claims to provide access to numerous currency pairs, as well as other financial instruments.

Product Offerings:

  • Forex Currency Pairs: The company offers a selection of forex pairs, although the exact number is not specified.
  • CFD Products: MBA Trading potentially provides contracts for difference (CFDs) on various assets, including indices, commodities, and cryptocurrencies. However, specific details regarding these products are not readily available.
  • Special Products: There are no unique or proprietary trading products mentioned in the available information.
  • Retail Trading Services: The firm caters mainly to retail clients, offering them access to forex trading and investment plans.
  • Institutional Services: There is no clear indication that MBA Trading provides services to institutional clients or offers white-label solutions.

The company appears to focus on promoting its investment plans, which promise high returns based on the amount invested. These returns are structured in tiers, with higher investments purportedly yielding higher returns.

4. Trading Platforms and Technology

MBA Trading claims to offer trading services on the MetaTrader 4 (MT4) platform, which is widely recognized in the forex trading community. However, the specifics regarding the platform's availability and features are not fully detailed.

Platform Features:

  • MetaTrader 4 Support: The broker supports the MT4 platform, allowing users to execute trades and implement trading strategies.
  • Web Trading: There is no information available regarding a proprietary web-based trading platform.
  • Mobile Applications: The availability of mobile applications for iOS and Android is not specified.
  • Execution Mode: The broker's execution model is unclear, with no specific mention of whether it operates as an ECN, STP, or Market Maker.
  • Technical Infrastructure: Details about server locations and technology infrastructure supporting the trading platform are not provided.
  • API Access: There is no mention of API integration or automated trading capabilities.

Given the lack of detailed information on the trading platform and technology, potential clients should approach with caution.

5. Account Types and Trading Conditions

MBA Trading offers a limited range of account types, primarily focusing on retail clients. The specifics about account conditions, including minimum deposits and trading fees, are as follows:

Account Types:

  • Standard Account: The minimum deposit requirement is $1,000, which is considered high compared to industry standards. The exact spread and commission structure are not disclosed.
  • Advanced Account Types: There is no information available regarding VIP or professional accounts.
  • Special Accounts: The availability of Islamic accounts or corporate accounts is not mentioned.
  • Demo Account Policy: MBA Trading does not provide information on the availability of demo accounts for practice trading.
  • Leverage: The leverage offered varies depending on the product, but specific ratios are not mentioned.
  • Minimum Trade Size: The minimum trade size is unspecified.
  • Overnight Fees: Information regarding overnight fees or swap rates is not provided.

The high minimum deposit requirement and lack of clarity regarding trading conditions may deter potential investors.

6. Fund Management

MBA Trading provides limited information on its fund management practices, specifically regarding deposit and withdrawal methods.

Funding Options:

  • Deposit Methods: The broker reportedly supports bank transfers, credit cards, and electronic wallets, but specific details on the types of wallets or payment processors are not provided.
  • Minimum Deposit Requirements: The minimum deposit for all account types is $1,000.
  • Deposit Processing Times: Information on how long it takes for deposits to be processed is not available.
  • Deposit Fees: There are no details regarding any fees associated with deposits.
  • Withdrawal Methods and Limits: The methods for withdrawing funds and any associated limits are not specified.
  • Withdrawal Processing Times: The time taken for processing withdrawals is unclear.
  • Withdrawal Fees Structure: There is no information available regarding withdrawal fees.

The lack of clear and comprehensive fund management policies raises concerns about transparency and client trust.

7. Customer Support and Educational Resources

MBA Trading offers customer support through various channels, although the effectiveness and reliability of these services are uncertain.

Support Channels:

  • Contact Options: Clients can reach out via telephone, email, and social media platforms.
  • Service Hours: The operating hours and time zone coverage for customer support are not specified.
  • Language Support: There is no information on the languages supported by the customer service team.
  • Educational Resources: The company claims to provide various educational resources, including webinars, tutorials, and e-books, but specific details are lacking.
  • Market Analysis Services: There is no mention of daily market analysis, news updates, or research reports provided to clients.
  • Trading Tools: The availability of trading tools such as calculators, calendars, or signal services is not specified.

The absence of detailed information about customer support and educational resources may hinder potential clients' ability to make informed decisions.

8. Regional Coverage and Restrictions

MBA Trading primarily serves clients in Nigeria, but it claims to have a broader reach with alleged offices in the United Kingdom and the United Arab Emirates.

Coverage Details:

  • Primary Markets: The main service market is Nigeria, with claims of operations in other regions.
  • Regional Offices: The company claims to maintain offices in the UK and UAE, though the legitimacy of these claims is questionable.
  • Restricted Countries: There is no specific information on countries or regions where MBA Trading does not accept clients.
  • Special Restrictions: No additional restrictions have been mentioned in the available sources.

Overall, the lack of clarity regarding regional operations and restrictions may pose risks for potential international clients.

In conclusion, while MBA Trading presents itself as a forex trading and investment company, significant concerns regarding its regulatory status, operational transparency, and overall legitimacy have been raised. Potential investors should exercise caution and conduct thorough research before engaging with this broker.

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Latest Reviews

FX3726149608

FX3726149608

Paraguay

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.

Exposure

2021-08-04

FX3605431217

FX3605431217

Nigeria

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!

Exposure

2021-08-06

FX1414949242

FX1414949242

United Kingdom

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!!!!

37130

2023-03-23

MBA Trading

News

MBA Forex Protest Victims Demand Refund

News MBA 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.

MBA FOREX SCAM VICTIMS PROTEST OUTSIDE THE CHRIST EMBASSY IN RIVERS

News MBA 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 REPORT: Nigerians loss N254.4 bln to ponzi schemes in 4-years

News WIKIFX REPORT: Nigerians loss N254.4 bln to ponzi schemes in 4-years

Nigerians from all walks of life lost an estimated N254.43 billion to ponzi scheme between 2018 to 2021, according to an extensive report by Punch Newspaper on Friday, detail how some unscrupulous businessmen and women schemed money out of their fellow country people.

WIKIFX REPORT: MBA Reassures Investors on Capital Payback Amid Challenges

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

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

News WIKIFX 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 REPORT: Court to hear suit against MBA Trading

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

News WikiFX 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.

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

News Investment 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 report: Maxwell Odum: MBA Forex CEO dey Economic and Financial Crimes Commission wanted list

News WikiFX report: Maxwell Odum: MBA Forex CEO dey Economic and Financial Crimes Commission wanted list

Economic and Financial Crimes Commission [EFCC] say Maxwell Odum dey wanted for alleged $518.3m fraud.

MBA Trading Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.31, Software Index 4.00 Risk Control Index 0.00.
MBA Trading