Two forex trading companies go belly-up, owing investors upwards of R1bn

As the bells were ringing in the 2019 New Year, Praesidium Global fired off a self-congratulatory newsletter to investors announcing that its Managed FX Fund had clocked up an astonishing return of 43.5% for the previous year.

Returns like this were apparently par for the course, ranging between 43.5% and 74.3% for each of the previous four years.

continue reading ...