My mum lost all her life savings to a Trading Agency and here is why.

Back in 2019 in the city where I am from there was a rise in trading companies and agencies that use people's money to trade and give them a certain % of the profit.

This was simply because the concept of crypto was new to many and were too scared to partake in something they didn't fully understand. So it was safer to give it to a broker.

My mum also invested a bit of her savings after months of seeing it paid her friend 15% of her capital.

Time passed and there came COVID-19, it felt really good to be at home and still get 15 % of your capital in that hard time when you couldn't run your business and you live in a country where the Government can help you.

Instead, they did what they knew to do best, make the people suffer, in the first few months of 2021 they dropped the bombshell. They set a ban and set of policies for crypto and crypto-related bank accounts.

It singular act affected the lives of many, for my mum it was her savings, for my friend it was the money meant for her Japa plans before COVID-19 and for many others, it was ALL THEY HAVE.

Why am I saying all this? You may ask, I want to share one lesson I learned from all this, is not enough to understand what you are putting your money in, it is important also to know the rules, regulations, and policies governing your city as regards where you want to put your money.