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  • Report:  #888094

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.

Online Trading Academy TRUSTED Business REVIEW: Customer Satisfaction Commitment: Online Trading Academy provides always-relevant education for students who want to succeed in any market condition. Dedication to 100% satisfaction helps students feel confident of their ability to find opportunities in any market condition.


*UPDATE: Recognized by Ripoff Report Corporate Advocacy Program as a safe business service Online Trading Academy pledges to always resolve any issues: feel safe, confident & secure when doing business with Online Trading Academy recognized by Ripoff Report Verifiedâ„¢ as a safe business service.

  • Reported By:
    Cut thorugh the net, luckily! — Franklin Massachusetts United States of America
  • Submitted:
    Fri, May 25, 2012
  • Updated:
    Tue, February 27, 2018
  • 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.
    100 River Ridge Drive
    Norwood, Massachusetts
    United States of America
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You have had to be this planet a few years to understand this sophisticated, high pressure setup, but I cut throught he net just in time with all of my money intact. 

The setup is the mailing entitleds R.S.V.P and your name along with an enticing invitation to a Power Trading Workshop. An addtional SPECIAL OFFER of a 2GB USB flash drive loaded with four home study courses, FREE, never materialized during my 3 of the intended 5 hour introductory session.

I was the first to show up, reasonably professional set up with 2 well equipped trading rooms, completely empty at 9:40AM EST on a weekday! There was an immediate notice of my needed inention to leave prior to the close. Hmmm, a bit strange I thought. 

The session began with 8 in the room, the desperation was palpable and the collective intelligence struck me as moderate to low. The pedel went down and a Type A personality led the introduction asking several trading questions to feel out the room, followed by looks of surprise and comments of us being on the naive side and that we were lucky to be there, huge red flag. 

The President came in and he was very impressive, so much so I almost bought into him soley. But he session proceeded to be high pressured. 

Bottom line, without them needign to tell us, none of us were getting out that door without a lot of pressure and tactical selling, including "just for today" discounts and all of the used car methods. 

A cute number of $6995 for Part 1 & 2 was plastered on the board and quickly justified about how fast that would get made back once the OTA methods were mastered and deployed. 

Conclusion: You may be drawn to one of these sessions, hold your ground and by all means DO NOT sign up that day, take 24-48 hours and let it sink in and you will arrive at this board I'm sure.

$7000 buys one hell of a lot, including the best books available, the best trading web platform available, a new ultra fast computer and a few dinners for treating your friends who are successfully trading to teach you, which they'll probably do for free anyway. 

Trading is not rocket science, it just takes a good brain and the commitment to learn it, the knowledge is all around us for little to no cost. 


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