Complaint Review: Interactive trader

Kevin O’Leary uses his name to invite you to an event where he speaks about stocks and trading. The event begins with Jeff Tomasulo from interactive trading talking about the market, the Steve Siktowski comes out to discuss trading options instead of other types of trades, then he pitches a 3 day seminar that sounds amazing that’ll teach you how to trade options because you can earn unlimited returns for $997.00. You buy it thinking you will get a real seminar on how to trade, but they fall extremely short of what is expected, in every way possible. The first day you’ll spend some time learning terms about trading. But they begin pitching other programs to you almost immediately, they acquire much information from you to profile you and constantly push another program on you and don’t stop talking about how much their students love them, even to the point they share "text messages sent from students praising them”. Brock talks about a bunch of irrelevant things to fill in time, requests you read a motivational book overnight, "Who moved my cheese”, which is discussed the next day only to open you up more by trying to express how open you should be to learning more from them. There is almost no information regarding trading actually shared with you. Majority is motivational and upselling.

This is a scam. Do not waste your time. You’re not allowed to ask questions throughout the event. They teach you a little bit about charts and then go into examples of investments and go through it extremely fast, no diving into details regarding the information, and usually very advanced sorts of trading, but they are only promoting how to use their platform. What’s pathetic is that this is a 3 day program to learn how to trade options, they don’t teach it all because it’s so much to learn, although they constantly deviate from the subject, then they pitch you an event worth 20-35k that includes a 2 day options trading class that will teach you everything, so they what was the point of this 3 day class if you can teach it to me in 2 days at another event. This event is used to create a prospect list of individuals to sell to. Then for you to get their rebate you need to do 20 "paper trades” and 20 regular trades within 30 days to get a rebate of the tuition, but they don’t provide the software as promised and don’t teach you anything about trading. Rip off at the worst level. The state regulators and sec should look into these dirty people. Exetremely unfair to consumers.