By Frits

The list below is taken from the Elite forum. A forum for (day) traders. The list is supplemented by people who emailed me personally. It is a list of scammers based on the experience of other traders who actually joined these vendors. The reason why they are scammers differs from not trading live, communicating false results to not delivering what you payed for, etc. In most cases however they are not doing anything illegal by law. Most of them tell you that they will teach you how to trade. And that is a very broad concept. It involves how to use the DOM-trader (or Matrix), the use of the charting software, technical indicators, different order types, etc. But none of the vendors actually makes a profit through trading. And as long as they don’t communicate that they do there isn’t much illegal about it. But you want an educator to show you how to make profits and that’s not going to happen. Shadowtrade ANY educator for 6 to 12 weeks and you will end up with a loss. N.B. The list keeps growing each month. Use the “search” (or CTRL+F) option on this website if you are looking for a specific company. If an educator is not on this list it doesn’t mean it is not a scammer! It might not have been under review or isn’t that “well known” yet. I will try to update the list regularly. My personal opinion is:”those who can, trade and those who can’t try to teach and sell crap”. Stay away from educators/vendors, they are traders who failed! Some scams can be found on sites like ripoffreport.com. Sometimes you can even find fraud charges on the site of the CFTC like this one from Nexgen Trading Software (John P. Novak): Nexgen Fraud

List updated December 2015

    • Rockwell Trading (Markus Heitkoetter / Mark Hodge)
    • TraderInternational
    • DayTradeToWin
    • eMiniDayTrader.com
    • Nexgen Software Systems (John P. Novak)
    • priceactionroom.com
    • eminitradingcourse.com
    • blackjacktrader.com
    • Millenium-Traders
    • tradingonlinemadeeasy.com
    • easyeminitrade.com
    • vantagepointsoftwares.info
    • winborntraders.com
    • Mike Baghdady of Training Traders
    • 3minutetrader.com
    • 2stocktrading.com
    • killingstocks.com
    • Bill Duryea of ioamt.com
    • Rhythm of the Markets (Stan Moore)
    • Options Magic (Stan Moore)
    • TradQuest Systems (Stan Moore)
    • eminijunkie.com
    • Dave Wright of Wave Rider/Trend Catcher
    • Bullseyetraders (Franz Shoar)
    • Element trading by Charles Vaccaro.
    • ShadowTraders
    • School of Trade SOT
    • james16group.us
    • neweratrader.com (Stan Moore)
    • ktrader.com Oliver Velez and Greg Capra, founders of Pristine.com and
    • Mastertrader.com,iFundTrader.com
    • Woodies CCI Club
    • Larry Levin with Secrets of Traders
    • Orderflowanalytics.com
    • The Pro Trading LLC with Richard Regan
    • gorillagaps.com
    • 3stepislandtrader.com
    • forex-trading-made-ez.com
    • lmt-forex-formula.com
    • topdogtrading.com
    • tradingstarpro.com
    • robwessels.com and elitetraders.nl
    • RS of houston
    • PureTick
    • bootcamp.renegadetrader.com with Mark Deaton
    • learn-to-trade-and-invest.com – The Fractal Futures Trader
    • whitelinktrading
    • Simpler Options (John Carter)
    • T3B Systems (India)
    • daytraderswin.com (John Mclaughlin)
    • Tim Sykes or Timothy Sykes
    • orderflowedge.com (Thomas DeLello, Casey Phelan and Shiva Mohan)
    • Viper Trading Systems
    • futuresfx.ca (Simon Jousef)
    • Trading Educators (Joe Ross)
    • Pelagon Trading (Anothony Grosso, Michael Toma, Andrew De Nardo)
    • markettrendsignal.com (backtested results, the gift of hindsight)
    • forextrendwave.com (Jess Palmer)
    • onedayswingtrades.com (NetPicks)
    • forexsignalsclub.com (looks like already out of business since 2011)
    • theprofittaker.com (Paris Who? communicates backtested results)
    • fxatrade.com (no name available)
    • forexgrowthbot.com (no name available)
    • dimensiontrader.com (Mike Green and Alan Morisson)
    • traderusa.net (Mike Green and Alan Morisson)
    • fxtradingstrategy.com (Zack Kolundzic)
    • tradingmarkets.com (Larry Connors)
    • systemfortraders.com (Dean Sanders)
    • oiltradingacademy.com
    • theoilmoney.com
    • wealthinsideralliance.com (out of business by now I think)
    • forexpaycheck.com
    • tripletrend.com
    • forextradersdaily.com
    • premiertradinguniversity.com (PTU trend jumper, etc.)
    • renegadetrader.com (Mark Deaton)
    • tradeconfident.com (by !!ROLLIE WHITE!! “ex rockwell”)
    • Vince Stanzione (spread betting)
    • Miss Trade (misstrade.me)
    • hubertsenters.com (ex partner John Carter)
    • leadingtrader.com (copy of tradethemarkets by John Carter)
    • Trading Pub (Free site to lure you in)
    • valuecharts.com (Mark Helweg, teams up with Hubert Senters)

The list above is just a small sample of the number of educators. It proofs that there are truely hundreds of educators in this business. If what they are selling actually works we would all become rich through trading. I trust you know better by now. What educators sell doesn’t work. Don’t get caught up in their web.

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