Complaint Review: LTG Trading

I signed up for a mentorship with this guy and company. He also offered to manage funds for me so we could learn and trade together. Fast forward less than 2 months later and he blew my account up. Now, in this business there will be trades that won't work out.

But the thing is I didn't lose my equity to trades, instead it was becasue he overlevarged the account so he could collect $50 in commissions on each trade. He would only tell me AFTER he added trades to my account the frees were already subtracted. He says he has years of exereicne in this field but even as his agressive trading kept adding postions,

I was $1000's in margin call. I kept telling him I was worried we add too many positinos on. He kept assuring me we were still on track to make the 10K account goal be year end. He took an extra fee every day he left me in margin call. The FCM finally had enough and we had to unwind. That is when it hit me that he added all those postions to collect commsions.

If he was really doing good, and we are in the biggest bull market of history why would someone take such risk? He either doesn't know what he is doing and know what money management is or he was just greedy and coudln't help himself to my money. After all this he blamed me since I aggreed to the trades. Thing is I told him when we started I didn't know about options.

I had a 6K account and he sold and had open over 40 cotnracts and just kept adding. He kept making excuses it would work out. The mentorship time we had together was terrbile. It was totally different than his prensetations.

I honestly think he was under the influence. He might have been good at one time but I think he's going through some marjor issues. Also, sends you $1000's of dollars of stuff that is not even his wn work and brags how he "gives" you so much. It's all just talk. Please message me if you want more details.