Ombud Council’s Post

Ombud Council reposted this

Forex Trading: After receiving a call from an online trading platform representative, a consumer believed he could make substantial profits and invested R725,000 over several months. At the end of the period, he had only managed to withdraw R3,959.35, losing most of his capital. You can access the full case study here https://bit.ly/3BSERmS

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Mason K.

|Top 10 Video Content Creator Award| |Operations leader at UPW CAPITAL| |Athlete|Active campaigns against scams & misleading ADs in our trading environment| Electrical Engineer & Artisan|

1mo

We have to work to criminally charge multiplication scheme masters, ie all forex mentors, brokers, etc. Now I have not read the full article but there is a pattern. Our newspapers got paid #hit amounts of cash to place ponzi or multiplication scheme masters. Online platforms and I have the evidence available places lies and deceitful information to lure investors or get people to live trade. Do you have influence on your side? Let's halt all trading activities in South Africa until the FSCA South Africa, National consumer commission, etc do a full investigation. Why continue to let people get misled into trading?

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