Complaint Review: Online Trading Academy TRUSTED Business | Ripoff Report Verified Safe™ …businesses consumers can trust. Online Trading Academy's roots can be traced back to 1997 as one of the largest trading floors in the U.S. with 180 traders averaging half a billion dollars in daily transactions. To improve results managers and the top traders offered daily coaching sessions in how to trade more consistently and profitably.

After what I witnessed at the  free power workshop seminar program all I can say is.... this cant be real. First, the intructor made up amounts of money trading options   --- after quitting being a broker for many years. This is sad. I looked this up on FINRA, he was never a broker, and his wife was in the audience. Then he claimed the company had a patent on supply and demand? Supply and demand is how a price is formed in a market. When asked about this  -- the instructor's go to line  --- "we'll talk more after class" always rescused him. Also, the system they preached could make money for anyone, even if the market goes up down or sideways. When asked about it, he let an audience member explain it. It was awful and embarrassing for the intructor. After showing one concept about buying low, putting a stop loss in , and trading high , or vice versa selling high and buying low. That was it. Then before the break,  which is about 20 minutes left of the workshop is when a team member came over

He only was interested if I was in finance and in sales. I said I wasn't, however, I saw notes in his hand from other people in the class. It was like watching wolves going after sheep, being trapped in a room. You could not leave until you spoke to many "brokers". They wanted your credit card information to open an account with fxcm for 2000, which would negate the cost of 300 dollars, for 3 more days of "learning and counseling". When asked how much is the forex class, the answer was  --- thats what you would find out during the 3 days. So wait. Its 300 or 2000 to find out about how much the classes are for the three days? This was a joke. When I asked about the next half of the class the car salesman, hes a real one, actually googled his name from their own website, said well thats about another 20 minutes of confusing charts. A guy who claimed to work for the exchange was googled also, hes an insurance salesman. Fraud. This is illegal to lie to people for personal gain or commission. 

After the seminar they sent another salesman out, or who they call, educational counselors, to keep people from complaining to other people coming outside. We we're talking about how ridiculous it was to have a patent on supply and demand, and their amazing partnership with nasdaq. Looked this up, its pretty easy to get a partnership with nasdaq. Basically, this salesman listended to our conversation then eventually stepped in and said we had it all wrong. He was asked if he was in sales, and said no, he was a "counselor" so yes he was a salesman. He just kept repeating we had it all wrong. He just wanted us to disperse, before we poisened their waters - so to say. I cant believe this place exists. 

It was sad to see and listen to so many babyboomers, who are looking to trade, in their retirement years  ---being misled. Their only testimonial was from 2012. I hope these guys get exposed for their fraudulent behavior, so people do not lose money to people who lie right to their face. Unbelievable.