D' Mandla is another one. Next thing, their offices are closed and they can't be reached on the phone or traced on social media. Existing clients have full access to their funds which remain safe and secure.". I did however notice some of the pictures looked very similar he told News24. Preferred broker's FSB licence withdrawn, however, News24 has since learnt the FSB has temporarily withdrawn ACM Gold's licence. Even better, this can happen at a relatively young age. Some sections of the notes the GFI uses to train clients appear to be plagiarised from a site called BabyPips, a free beginner's guide to forex trading.
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Ngwenya, who labels trading as a "very dangerous investment" tells HuffPost SA he miscalculated how the market would perform during Brexit. Don't wait another day to begin your journey to wealth." Then they invite you to a seminar and offer one-on-one coaching on the latest get rich quick craze to hit South Africa - forex trading. GFI provides training in currency trading with delegates sometimes shown an account reflecting a R30 million profit and told they would be taught how to do the same. It is not that people are ignorant, they are misinformed and sometimes just desperate. After 23-year-old Sandile Shezi shared his success story in the media, several industry players contacted News24 raising suspicion over the operations of his company Global Forex Institute (GFI). She paid R10,000 to attend a seminar about trading and was immediately hooked.