A Nigerian man has taken to social media to express deep frustration after allegedly losing more than ₦40 million while following trading signals from a forex trader identified as Ahmed XM.
In a viral statement, the individual detailed how his losses began with cryptocurrency investments that went wrong, revealing that the first two coins he invested in were eventually delisted, costing him ₦8.4 million.
“The first two coins that were delisted cost me ₦8.4 million. In total, I invested more than ₦20 million,” he said.
He went on to allege that his financial situation worsened after he began relying on signals provided by Ahmed XM, claiming that the cumulative losses exceeded ₦40 million.
“Since I started following Ahmed XM, I’ve lost over ₦40 million through his signals. Ahmed XM has ruined my life,” he added.
The claims have sparked widespread reactions online, with many users debating the risks associated with forex and cryptocurrency trading, especially when relying on third-party signals.
While some sympathised with the man’s situation, others cautioned against blindly following online trading advice without proper research or risk management.
As of the time of reporting, Ahmed XM has not publicly responded to the allegations.
The incident highlights ongoing concerns around financial literacy, accountability, and the growing influence of online trading mentors in Nigeria’s digital economy.
Observers continue to urge investors to exercise caution, verify sources, and understand the inherent risks before committing funds to trading platforms or signal providers.
