Facebook Twitter Instagram
    Wednesday, March 22
    Facebook LinkedIn
    Login
    eBizRadio.com Online RadioeBizRadio.com Online Radio
    • Home
    • Listen Live!
    • Podcast
    • Categories
      • Biz Entrepreneur
      • Biz Insight
      • Biz Opinion
      • Biz Research
      • Biz Trends
      • Biz Wires
      • Marketing Biz
      • Motoring Biz
      • Productivity Biz
      • Retail Biz
      • Techno Biz
      • Travel Biz
      • Tales from my Stethoscope
    • Advertise/Contact
    Trending
    • Game On: How Gaming and Gamification are Revolutionizing Branding and Career Opportunities | #Gamining | #Branding | Khalid Khalpey | Ryan Macquet | Dentsu Wisdom
    • Lunchtime Marketing celebrates 100 shows | #Marketing | #Branding | #Advertising | Kevin Britz | Craig Page-Lee | Ingrid von Stein | #Podcast
    • Future-proofing South Africa’s school curriculum through STEM programmes | #STEM | #Education | The Love Trust
    • Considering a rebrand of your business? | #Insights | #Branding | #Marketing | Kevin Britz | Craig Page-Lee | #LTM | Podcast
    • Dentsu invests 30% of OOH spend to black owned OOH media business in SA | #OOH | Donald Mokgale | #Podcast
    • How The Love Trust is developing young learners with bright futures | #Educatioin | #PayingItForward | The Love Trust | Nokuphila Primary School
    • There’s SOMETHING happening in the OOH space | #Branding | #OOH | Business | Lindi Tshabangu | Calvin Mbonani | Imbani Advertising
    • CHIP IN the best thing since sliced bread or ChatGPT | #Digital | #Insight | Online Platform | Gifting | Rob Anderson | chipin.co.za
    eBizRadio.com Online RadioeBizRadio.com Online Radio
    Home»Article»HOW TO INVEST IN FOREX AND IDENTIFY PONZI INVESTMENT SCHEMES |#Money | #ebizradio | #Insight | Tope Ijibadejo
    Article

    HOW TO INVEST IN FOREX AND IDENTIFY PONZI INVESTMENT SCHEMES |#Money | #ebizradio | #Insight | Tope Ijibadejo

    eBizRadioBy eBizRadioJuly 20, 2021No Comments6 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Tope Ijibadejo, Nigeria Region Manager for CMTrading, Africa’s largest online broker and a leader in the international markets, gives his thoughts on how to invest in Forex and how to potentially spot Ponzi investment schemes. “When looking for a reputable broker, there are several signs one should look out for, as forex trading can be accessed by pretty much anyone. Firstly, ensure the broker is licensed and operating under a government license or regulation that covers your country. Licensed and regulated brokers are bound to operate under set rules and standards.

    “Generally speaking, this should help protect your interests. Always ensure the license that covers you is the one that is from your country of citizenship or residence. However, if your country does not regulate the operation or broker, you can still get a layer of protection by ensuring the broker is working under a known government license.

    “It is also important to research the company’s track record and reviews. Reviews can be helpful but sometimes competitors pay review websites to taint the image of other companies just to look better in the public eye. For a better picture, it is more effective to find unbiased information about a broker from its existing and former clients. Find somebody who knows somebody else that has experience using the broker’s services. This might be time consuming, but it could save you a lot of time and money in the bigger picture.

    “The most common scams in Nigeria are investment scams. It is rampant because there is a prevalent trend where investors try to grow their money through legitimate means online – like forex – without going through the process of understanding the basics of online trading. Unfortunately, con artists capitalise on this trend and set up scam companies that promise juicy monthly returns with guaranteed capital protection. Ignorant investors fail to investigate the validity of these bold claims and get their fingers burned.

    “In most situations, to build public confidence, these companies start ponzi schemes by using part of newer investors’ capital to pay interest/ROI to the older investors. Satisfied investors are used to draft in greater participation by giving mouth-watering benefits for referral. These companies are aggressive with advertising and publicity so they can maximise and expedite exposure. Some will even go as far as securing famous social media influencers and network marketers to encourage participation. From the outside, it appears to be working and can do so for over a year, until the perpetrators either disappear with the money or start to experience a decline in new investors, which leads to the scheme crashing.

    “To protect yourself against forex scams, you must understand the principles of investing in forex. Like every other business, trading forex has underlying risks. That means, no risk – no reward. Stop looking for guarantees, as you will most likely buy into lies and fall victim to unfulfilled promises.

    “Investors must educate themselves as it helps them manage risk better. Profit is made only when the trader outsmarts the risk, and investors who are well informed are more likely to do so.

    “It is advisable to invest your money directly with a forex broker instead of putting it in the hands of a third party. Money invested with a forex broker is accessible and withdrawable at any point in time should you no longer be confident or happy with the outcome of the investment. However, when you invest using third parties, you put yourself at their mercy. It can become frustrating, much like watching TV without a remote control to adjust volume or change stations.

    “Moreover, should you decide that you have not invested wisely, you may find yourself trapped in the investment and have no choice but to await your fate. If you must utilise the service of any third party, fund your account with a broker and share your trading account login details with them so they are able to make trades on your behalf, or better still, use a copy trading solution if it is available. If you are not happy with the outcome, you can either lock out the third party by changing your password or stop copying trades. This is the type of control every investor should have.

    “There are regulatory bodies that you can refer to in order to verify brokers before you trade. Check the broker’s website to confirm which license or regulations they are operating under and visit the regulator’s website to verify this claim. Every regulator has a list of the brokers they oversee on their website.

    “The reason scams are so prevalent is due to a lack of regulation in some countries. Citizens will never know it all, so it is up to the government to protect them from public financial scams. Should your country not regulate forex business, it is vital that you gather enough information and eliminate ignorance before investing. This can be achieved by attending seminars, webinars, workshops or conducting comprehensive online research before making an investment. Forex scams are more common in countries without any form of licensing or regulation. Within the last decade, Nigeria has experienced several high-profile forex scams because of this.

    “Trading with an offshore broker is riskier because you will not be covered in the event of bankruptcy or any other unforeseen situation. It is safer to trade with a broker that is licensed and regulated by your own government. Your government is expected to offer protection through regulation.

    “Regarding Nigeria specifically, there should be a move by government to understand and regulate the forex industry (like South Africa did some years ago), seeing that there is significant interest in the forex business. Regulation will help eliminate high profile forex scams, increase investor confidence and participation from corporate entities which will ultimately grow the economy”.

    For more information on CMTrading, visit their official website at www.cmtrading.com or call +27105008026 and one of their friendly staff will assist you.

    CMTrading is the brand name of Global Capital Markets Trading Ltd (A Seychelles company, company no. 104785)

    Post Views: 1,840
    #broker #business #forex #investment #money #onlinetrading cmtrading
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    eBizRadio
    • Website

    eBizRadio is a live multi- platformed social media service providing an online forum to the business community for holding conversations on the key issues related to specific businesses as well as availing a space for cross-business collaboration in response to key issues affecting the world of business. The place to go if you want to know about business and lifestyle

    Related Posts

    Game On: How Gaming and Gamification are Revolutionizing Branding and Career Opportunities | #Gamining | #Branding | Khalid Khalpey | Ryan Macquet | Dentsu Wisdom

    March 12, 2023

    Lunchtime Marketing celebrates 100 shows | #Marketing | #Branding | #Advertising | Kevin Britz | Craig Page-Lee | Ingrid von Stein | #Podcast

    March 10, 2023

    Future-proofing South Africa’s school curriculum through STEM programmes | #STEM | #Education | The Love Trust

    March 9, 2023

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    STREAMING 24/7

    The Stream is up 24/7 with a few exceptions for maintenance. We focus on business news and inisghts for the African Marketplace

    If you miss anything on the live STREAM, don’t worry as all our interviews are all available for download as PODCASTS and you can SHARE them with your network – it’s FREE!

    Contact us: 063 002 5148

    Our Most Recent Podcasts
    eBizRadio.com Online Radio
    eBizRadio.com Online Radio
    Game On: How Gaming and Gamification are Revolutionizing Branding and Career Opportunities | #Gamining | #Branding | Khalid Khalpey | Ryan Macquet | Dentsu Wisdom
    00:00 / 27.49
    RSS Feed
    Share
    Link
    Embed
    • Game On: How Gaming and Gamification are Revolutionizing Branding and Career Opportunities | #Gamining | #Branding | Khalid Khalpey | Ryan Macquet | Dentsu Wisdom

      Game On: How Gaming and Gamification are Revolutionizing Branding and Career Opportunities | #Gamining | #Branding | Khalid Khalpey | Ryan Macquet | Dentsu Wisdom

      Mar 12, 2023 • 27.49

      In recent years, the gaming industry has seen exponential growth and has become a major player in the world of entertainment. The trend is expected to continue i, with the increasing demand for gaming and gamification in various industries. From education to healthcare, more and more companies are incorporating gaming…

    • Lunchtime Marketing celebrates 100 shows | #Marketing | #Branding | #Advertising | Kevin Britz | Craig Page-Lee | Ingrid von Stein | #Podcast

      Lunchtime Marketing celebrates 100 shows | #Marketing | #Branding | #Advertising | Kevin Britz | Craig Page-Lee | Ingrid von Stein | #Podcast

      Mar 10, 2023 • 55.49

      Its celebration time at ebizradio.com.  The Lunchtime Marketing Show, hosted by Kevin Britz and Craig Page-Lee has been coming to your now for 100 weeks. Its hard to believe that over the last 100 weeks, during the pandemic, being in different parts of the world at different time zone and…

    • Considering a rebrand of your business? | #Insights | #Branding | #Marketing | Kevin Britz | Craig Page-Lee | #LTM | Podcast

      Considering a rebrand of your business? | #Insights | #Branding | #Marketing | Kevin Britz | Craig Page-Lee | #LTM | Podcast

      Mar 6, 2023 • 35.10

      Rebranding can be a crucial step in the evolution of any business. Whether you’re a small startup or a well-established enterprise, the decision to rebrand can result in significant benefits such as growth, increased profits, and gaining a competitive advantage. A strong brand identity goes beyond just a logo; it…

    • Dentsu invests 30% of OOH spend to black owned OOH media business in SA | #OOH | Donald Mokgale | #Podcast

      Dentsu invests 30% of OOH spend to black owned OOH media business in SA | #OOH | Donald Mokgale | #Podcast

      Mar 2, 2023 • 15.34

      Dentsu Africa CEO, Dawn Rowlands recently announced a bold move to invest 30% in black-owned out of home media, signalling the company’s commitment to growing the OOH media sector. The investment is specifically targeted at small and medium-sized black-owned OOH media owners. Donald Mokgale, Business Director of Dentsu SSA, elaborated…

    • There's SOMETHING  happening in the OOH space | #Branding | #OOH | Business | Lindi Tshabangu | Calvin Mbonani | Imbani Advertising

      There's SOMETHING happening in the OOH space | #Branding | #OOH | Business | Lindi Tshabangu | Calvin Mbonani | Imbani Advertising

      Feb 28, 2023 • 23.28

      At the recent Advertising Week Africa, held in Gauteng, mid February we were invited and hosted by dentsu SSA and were part of some incredible industry conversations and insight sharing sessions, particularly in the OOH sector. Lindi Tshabangu, connected with Calvin Mbonani, co-founder of Imbani Advertising & OOH and found…

    • CHIP IN the best thing since sliced bread or ChatGPT | #Digital | #Insight | Online Platform | Gifting | Rob Anderson | chipin.co.za

      CHIP IN the best thing since sliced bread or ChatGPT | #Digital | #Insight | Online Platform | Gifting | Rob Anderson | chipin.co.za

      Feb 28, 2023 • 19.41

      Are you tired of giving and receiving lackluster gifts? Do you dread the awkward moment when your loved one opens your gift and gives a polite but unenthusiastic response? Now imagine you go have gotten a few people to chip in with you and you got the gift or even…

    • Brand building and survival tips for businesses in 2023 | #Business | #Marketing | #Insight | Kevin Britz | Craig Page-Lee | #LTM | #Podcast

      Brand building and survival tips for businesses in 2023 | #Business | #Marketing | #Insight | Kevin Britz | Craig Page-Lee | #LTM | #Podcast

      Feb 26, 2023 • 40:25

      Uncertain economic times give brands and businesses the unique opportunity to make tough decisions, change and adapt their business and marketing plans, but always keeping the consumer at the centre of those decisions. Kevin Britz and Craig Page-Lee, host the Lunchtime Marketing Show, every Thursday at 12h00 exclusively on www.ebizradio.com…

    • Entrepreneur making waves in the hair world | #Entrepreneur | Word of Mouth | Lindi Tshabangu | Duwane Tose | Bae Hair

      Entrepreneur making waves in the hair world | #Entrepreneur | Word of Mouth | Lindi Tshabangu | Duwane Tose | Bae Hair

      Feb 23, 2023 • 25.50

      Life takes us on many journeys. Duwane Tose, founder of Bae Hair, started as a student, figured out it did not fit with him comfortably, so he learnt to cut hair and the rest as they say is history in the making. Lindi Tshabangu, connected with the energetic entrepreneur Duwane…

    • Marketing Models in 2023 | #Marketing | #LunchtimeMarketing | Kevin Britz | Craig Page-Lee | #Podcast

      Marketing Models in 2023 | #Marketing | #LunchtimeMarketing | Kevin Britz | Craig Page-Lee | #Podcast

      Feb 20, 2023 • 34.20

      Marketing models have become an integral part of any marketer’s toolkit, providing a framework for creating and evaluating how businesses and customers interact with each other. However, many people find these models intimidating and overwhelming. As a result, understanding and utilizing them effectively can be a challenge. In this article,…

    • Buy or Sell your pre-loved designer items | #Retail | #Business | #Entrepreneur | Lindi Tshabangu | Nila Metz |  YGS - You Gift You Get | #Podcast

      Buy or Sell your pre-loved designer items | #Retail | #Business | #Entrepreneur | Lindi Tshabangu | Nila Metz | YGS - You Gift You Get | #Podcast

      Feb 13, 2023 • 20.29

      YGS was founded by Nila Metz in 2018, as a  business selling and buying of pre-loved luxury high end designer goods. As South Africa’s #1 Preloved Designer Store, with a worldwide online community, currently with two physical stores in both Johannesburg and Cape Town, YGS has announced that they will…

    • Understanding Digital Resilience | #Insight | #Technology | Business Insight with Ingrid von Stein | Steven Ambrose | Digital Resilience Insight | #Podcast

      Understanding Digital Resilience | #Insight | #Technology | Business Insight with Ingrid von Stein | Steven Ambrose | Digital Resilience Insight | #Podcast

      Feb 14, 2023 • 15:58

      What is digital resilience and the Digital Resilience Insight partnership? Business Insights with Ingrid von Stein connects with Steven Ambrose , and we find out more about him, his team and the recent partnership announcement of becoming a member of  DSG. The new company will be called Digital Resilience Insight.…

    • Don't take your eyes off the ball, especially the technology one | #Marketing | #Technology | Lunchtime Marketing | Kevin Britz | Craig Page-Lee

      Don't take your eyes off the ball, especially the technology one | #Marketing | #Technology | Lunchtime Marketing | Kevin Britz | Craig Page-Lee

      Feb 9, 2023 • 34:59

      Forrester’s 2023 predictions, indicate that trust will play a central role in business operations in the coming year. Business and technology leaders will prioritize long-term growth by focusing on building trust, as current events such as economic instability, geopolitical uncertainty, company scandals, and climate change are eroding consumer trust in…

    Most Recent Podcasts
    eBizRadio.com Online Radio
    eBizRadio.com Online Radio
    Game On: How Gaming and Gamification are Revolutionizing Branding and Career Opportunities | #Gamining | #Branding | Khalid Khalpey | Ryan Macquet | Dentsu Wisdom
    00:00 / 27.49
    RSS Feed
    Share
    Link
    Embed
    • Game On: How Gaming and Gamification are Revolutionizing Branding and Career Opportunities | #Gamining | #Branding | Khalid Khalpey | Ryan Macquet | Dentsu Wisdom

      Game On: How Gaming and Gamification are Revolutionizing Branding and Career Opportunities | #Gamining | #Branding | Khalid Khalpey | Ryan Macquet | Dentsu Wisdom

      Mar 12, 2023 • 27.49

      In recent years, the gaming industry has seen exponential growth and has become a major player in the world of entertainment. The trend is expected to continue i, with the increasing demand for gaming and gamification in various industries. From education to healthcare, more and more companies are incorporating gaming…

    • Lunchtime Marketing celebrates 100 shows | #Marketing | #Branding | #Advertising | Kevin Britz | Craig Page-Lee | Ingrid von Stein | #Podcast

      Lunchtime Marketing celebrates 100 shows | #Marketing | #Branding | #Advertising | Kevin Britz | Craig Page-Lee | Ingrid von Stein | #Podcast

      Mar 10, 2023 • 55.49

      Its celebration time at ebizradio.com.  The Lunchtime Marketing Show, hosted by Kevin Britz and Craig Page-Lee has been coming to your now for 100 weeks. Its hard to believe that over the last 100 weeks, during the pandemic, being in different parts of the world at different time zone and…

    • Considering a rebrand of your business? | #Insights | #Branding | #Marketing | Kevin Britz | Craig Page-Lee | #LTM | Podcast

      Considering a rebrand of your business? | #Insights | #Branding | #Marketing | Kevin Britz | Craig Page-Lee | #LTM | Podcast

      Mar 6, 2023 • 35.10

      Rebranding can be a crucial step in the evolution of any business. Whether you’re a small startup or a well-established enterprise, the decision to rebrand can result in significant benefits such as growth, increased profits, and gaining a competitive advantage. A strong brand identity goes beyond just a logo; it…

    • Dentsu invests 30% of OOH spend to black owned OOH media business in SA | #OOH | Donald Mokgale | #Podcast

      Dentsu invests 30% of OOH spend to black owned OOH media business in SA | #OOH | Donald Mokgale | #Podcast

      Mar 2, 2023 • 15.34

      Dentsu Africa CEO, Dawn Rowlands recently announced a bold move to invest 30% in black-owned out of home media, signalling the company’s commitment to growing the OOH media sector. The investment is specifically targeted at small and medium-sized black-owned OOH media owners. Donald Mokgale, Business Director of Dentsu SSA, elaborated…

    • There's SOMETHING  happening in the OOH space | #Branding | #OOH | Business | Lindi Tshabangu | Calvin Mbonani | Imbani Advertising

      There's SOMETHING happening in the OOH space | #Branding | #OOH | Business | Lindi Tshabangu | Calvin Mbonani | Imbani Advertising

      Feb 28, 2023 • 23.28

      At the recent Advertising Week Africa, held in Gauteng, mid February we were invited and hosted by dentsu SSA and were part of some incredible industry conversations and insight sharing sessions, particularly in the OOH sector. Lindi Tshabangu, connected with Calvin Mbonani, co-founder of Imbani Advertising & OOH and found…

    • CHIP IN the best thing since sliced bread or ChatGPT | #Digital | #Insight | Online Platform | Gifting | Rob Anderson | chipin.co.za

      CHIP IN the best thing since sliced bread or ChatGPT | #Digital | #Insight | Online Platform | Gifting | Rob Anderson | chipin.co.za

      Feb 28, 2023 • 19.41

      Are you tired of giving and receiving lackluster gifts? Do you dread the awkward moment when your loved one opens your gift and gives a polite but unenthusiastic response? Now imagine you go have gotten a few people to chip in with you and you got the gift or even…

    • Brand building and survival tips for businesses in 2023 | #Business | #Marketing | #Insight | Kevin Britz | Craig Page-Lee | #LTM | #Podcast

      Brand building and survival tips for businesses in 2023 | #Business | #Marketing | #Insight | Kevin Britz | Craig Page-Lee | #LTM | #Podcast

      Feb 26, 2023 • 40:25

      Uncertain economic times give brands and businesses the unique opportunity to make tough decisions, change and adapt their business and marketing plans, but always keeping the consumer at the centre of those decisions. Kevin Britz and Craig Page-Lee, host the Lunchtime Marketing Show, every Thursday at 12h00 exclusively on www.ebizradio.com…

    • Entrepreneur making waves in the hair world | #Entrepreneur | Word of Mouth | Lindi Tshabangu | Duwane Tose | Bae Hair

      Entrepreneur making waves in the hair world | #Entrepreneur | Word of Mouth | Lindi Tshabangu | Duwane Tose | Bae Hair

      Feb 23, 2023 • 25.50

      Life takes us on many journeys. Duwane Tose, founder of Bae Hair, started as a student, figured out it did not fit with him comfortably, so he learnt to cut hair and the rest as they say is history in the making. Lindi Tshabangu, connected with the energetic entrepreneur Duwane…

    • Marketing Models in 2023 | #Marketing | #LunchtimeMarketing | Kevin Britz | Craig Page-Lee | #Podcast

      Marketing Models in 2023 | #Marketing | #LunchtimeMarketing | Kevin Britz | Craig Page-Lee | #Podcast

      Feb 20, 2023 • 34.20

      Marketing models have become an integral part of any marketer’s toolkit, providing a framework for creating and evaluating how businesses and customers interact with each other. However, many people find these models intimidating and overwhelming. As a result, understanding and utilizing them effectively can be a challenge. In this article,…

    • Buy or Sell your pre-loved designer items | #Retail | #Business | #Entrepreneur | Lindi Tshabangu | Nila Metz |  YGS - You Gift You Get | #Podcast

      Buy or Sell your pre-loved designer items | #Retail | #Business | #Entrepreneur | Lindi Tshabangu | Nila Metz | YGS - You Gift You Get | #Podcast

      Feb 13, 2023 • 20.29

      YGS was founded by Nila Metz in 2018, as a  business selling and buying of pre-loved luxury high end designer goods. As South Africa’s #1 Preloved Designer Store, with a worldwide online community, currently with two physical stores in both Johannesburg and Cape Town, YGS has announced that they will…

    Facebook Twitter Instagram Pinterest
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Please enter the correct answer: *


    Lost password?

    Register Now!

    Already registered? Login.

    Please enter the correct answer: *


    A password will be e-mailed to you.