Wait. You lost R100K with a binary options scam company, now you want to invest more money into another sounds too good to be true forex derivatives fund to see what happens?I have to add my bit... I was told about Praesidium by a personal friend of mine who is a broker for them about 3 years ago. Around the same another friend of mine was trying to convince me to invest in something strange called Bitcoins... right!! I had no idea how it worked so I stayed clear. Also having lost over R100k previously with a binary options trading scam company I was extremely wary of anything that seems "too good to be true".
At the same time a mutual friend of mine (and the broker) took a loan for R150k, which he gave to Praesidium to invest. Two years later he withdrew R190k, thereby paying off the loan and still leaving a substantial investment with Praesidium which he adds to on a monthly basis and it continues to grow.
There is something here that the "haters" are missing. I am about to invest with them and despite the banshee-like wailing of my regular broker who keeps telling me tales of woe and misery about people losing money in ponzi schemes etc., I'm going to take action and see what happens. Consider this - If I had invested that 100k 3 years ago in Praesidium it would be worth R265,233.
Minimum investment is now R50k and I believe they are going to lower that soon. Only way to find out for real is to get involved.
Based on the advice of a personal friend/broker who works for this forex fund?
Against the advice of your regular broker?
I may have been on the fence earlier in this thread, but your post has shown me what is really going on here.