- Report: #695008
Complaint Review: Trading Advantage Capital TRUSTED Business | Ripoff Report Verified™ …businesses you can trust. Dedicated to 100% customer satisfaction. Trading Advantage Proprietary (TAP) Program provides opportunity for traders of all backgrounds experience levels to potentially trade our money. TAP traders receive 60% of trading profits with Trading Advantage assuming all risks and losses. - Chicago Illinois
3 Updates & Rebuttals Read More About : Trading Advantage Capital TRUSTED Business | Ripoff Report Verified™ …businesses you can trust. Dedicated to 100% customer satisfaction. Trading Advantage Proprietary (TAP) Program provides opportunity for traders of all backgrounds experience levels to potentially trade our money. TAP traders receive 60% of trading profits with Trading Advantage assuming all risks and losses.
Reported By:
campji -
Port Alberni, British Columbia, Canada
Submitted:
Updated:
-
Author Not Confirmed
Why?
Trading Advantage Capital TRUSTED Business | Ripoff Report Verified™ …businesses you can trust. Dedicated to 100% customer satisfaction. Trading Advantage Proprietary (TAP) Program provides opportunity for traders of all backgrounds experience levels to potentially trade our money. TAP traders receive 60% of trading profits with Trading Advantage assuming all risks and losses.
Chicago Board of Trade Building, 141 Jackson Blvd. Chicago, 60604 Illinois, United States of America
Phone:
8887553846
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Trading Advantage Larry LevinChicago, Illinois
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REVIEW UPDATE: April 6 2018: Trading Advantage remains committed to increased customer satisfaction and has improved their business practices over the years to better serve their customers. Trading Advantage is truly dedicated to making sure their customers are satisfied and that any complaints which do arise are addressed promptly and fairly.
To date, Trading Advantage has made good faith efforts to resolve all complaints reported on Ripoff Report. Based on our experience, the member business has proven to be among the top members of the Ripoff Report Corporate Advocacy Business Remediation and Customer Satisfaction Program as a Verified Safe Business™.
Over time and since becoming a member, Trading Advantage has remained actively engaged and improving the way they address customer service complaints. As an active and current member of the Ripoff Report Corporate Advocacy Business Remediation and Customer Satisfaction Program we are happy to report that now more than ever Trading Advantage remains committed to improving customer satisfaction.
Remember, no company or individual can ever satisfy 100% of the people 100% of the time. There are no products or services that will always be perfect for everyone and even the best companies will receive complaints from time to time. However, by participating in the Corporate Advocacy Program, the member business has made a commitment to working with its customers to resolve complaints quickly and fairly whenever possible.
Please keep in mind that as a consumer you have some responsibilities as well. Success has many definitions that based on your past experiences, current situation and your perceived expectations. Success with any product or service is always based on the proper application and understanding. The fastest car will not run if you never turn the engine on. Look at how you used the product or service that was provided in relation with the instructions that you received. The Corporate Advocacy Business Remediation and Customer Satisfaction Program will help you get your voice heard but please be prepared with documentation and fair representation of your concern, also have an idea of how the company can fix your concern. Can they offer additional services, extend warranties, offer a fair refund or just get you talking with someone that can help. ..let them know and let us know!
*Any consumer not receiving satisfaction from a member of the Corporate Advocacy Program should email us at [email protected]
Ripoff Report Verified™ REVIEW:
EDitor’s UPDATE: Positive rating and recognition has been given to Trading Advantage Capital for its commitment to excellence in customer service.
Ripoff Report’s discussions with Trading Advantage Capital have uncovered an ongoing commitment by the company to total customer satisfaction. This means that customers can expect that the company will work towards finding a reasonable resolution to complaints or concerns. Trading Advantage Capital listens carefully to client concerns and sees them as an opportunity to learn from past mistakes and become more efficient as a company in the services offered and the support for those services.
Trading Advantage Capital's principal, Mr. Larry Levin, has informed us that even though he continues to trade the S&P 500 at the Chicago Board of Trade, his real passion lies in teaching people to trade the correct way.
Another top executive of the company told us that Mr. Levin's personal business philosophy is based on the premise that “Trading Advantage is dedicated to 100% customer satisfaction. Empowering traders of all levels to achieve their financial goals. Mr. Levin believes success requires an education.”
One of the other things Ripoff Report learned in the course of its review: typical customer feedback reads: “Trading Advantage Capital (and Mr. Levin) truly communicate all aspects of the job in a timely and effective manner. We are very pleased with the responsiveness that he and his employees show us. They are serious about meeting commitments, and deliver on all their promises.”
Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..
The information provided in this report below is based on comments made by Gary Sinclair and Larry Levin during an on-site inspection held by a third party verification company with no biases toward Trading Advantage Capital.
Trading Advantage Capital (TAC) is a self-described educational company similar to an online based school which teaches clients how to trade in all financial markets. They conduct live web classes that they teach their clients proprietary technical trading techniques.
TRADING ADVANTAGE CAPITAL / The New Client Process
TAC implements several forms of advertising and lead generation methods. The Company sends email advertisements and run radio ads. A potential client that replies to a radio advertisement will call an 800 number. This will allow a person to leave contact information to receive a follow-up call with more information. A commission based sales associate will call the “prospect” back with more information surrounding the services offered. The prospect and sales associate will discuss the product in detail, including pricing. If agreed, the prospect will purchase the product form the sales associate.
The new client will now be eligible to receive daily newsletters from Trading Advantage Capital. The client will attend online web classes led by an educational advisor. At any time during these sessions a client has the opportunity to ask questions and get involved with their learning experience.
TRADING ADVANTAGE CAPITAL / Interntal Customer Service Improvement
To address recent complaints towards Trading Advantage, the company is constantly changing their customer service policies.
"That’s why they brought me in. I’ve been with this company for years, then they asked me to come downtown and work out of the office here. That is the major improvement we made.” ~ Gary Sinclair
"Part of the problem is we grew so fast and we have so many sales representatives here. A lot of times the customer service was left in their hands which wasn’t the right way to do it. They’re commission-based sales people so sometimes they are not in a big hurry to help the person after the sale is made. We switched that out of their hands and put people that are specific to customer service to step in and help the customers they also function as a technical support team.” ~ Owner, Larry Levin
Another area of improvement in an effort to address recent consumer complaints is the implementation of a compliance training program for new sales people. Trading Advantage Capital is evolving on a constant basis to improve process, policy, and procedure.
Trading Advantage Capital was asked about their refund policy in an effort to address specific complaints. The company has a clearly outlined policy within the “Trading Advantage Purchase Agreement”. There have been several extenuating circumstances in which the company has issued a refund to their client. Most of the time the company will offer another solution of transferring the active subscription to a new user (friend or family).
When asked about RipOff Report’s Corporate Advocacy Business Remediation and Customer Satisfaction Program, Mr. Larry Levin stated that he is in agreement with the principles surrounding any program that speaks for the individual consumer. He believes that overall the people at RipOff Report want to do the right thing by the consumer and he wants the same for his consumer.
TRADING ADVANTAGE CAPITAL / THREE STEPS TO SUCCESS.
Step 1: A 30-DayTrader Apprenticeship:
In this live open forum training, you will receive customized trading education from our expert educators. There will be nightly webinars (M-TH 4:00pm CST) that provide advanced trading techniques and professional risk management strategies. You’ll be able to ask questions and prepare for your screening. You also will be able to develop your own personal trading plan.
Step 2: A 30-Day Performance Screening:
You will be given a simulated trading account with a $30,000 starting balance. To become a TAP trader, you will need to meet the specific criteria and hit the profit target during this time period.
Step 3; A Funded TAP Trader:
If you pass the performance screening, you will be financially backed with a $10,000 trading account. You don’t put up any of your personal capital, and you will retain 60% of net profits as long as you continue to follow the parameters of the program and meet the specific profit targets. You will have the potential to increase your account size to $50,000.
TRADING ADVANTAGE CAPITAL / TAP PROGRAM INCLUDES:
TAP Trader Proprietary Platform: A professional trading platform with unlimited access to all of the TAP charts and tools. One-click chart access and customizable screens. No additional software or data fees.
Real-time Software Support: Live tech support and advanced software educations.
One-on-one Mentoring:Online and phone access to our team of professional trading educators.
TAP Trader Log Book: An easy to use, well-crafted tracking journal that allows you to competently and effectively analyze your trading performance. Log book includes a handy reference guide with trade abbreviations.
TRADING ADVANTAGE CAPITAL / Statements from the owner.
"Every employee at Trading Advantage Capital is 100% committed to the goal of being the best trading education provider out there. Not a day goes by where we don't strive to understand and serve our customers better. Our customers are literally the center of our universe.”
I started in this industry over 20 years ago as a runner at the CME group, the world’s largest and most diverse futures exchange, I quickly climbed the ranks to become one of the most successful traders in the S&P 500 pit. At the height of my trading career, I averaged between 2500-3000 S&P contracts per day.
Drawing on my extensive experience and knowledge base, I wanted to share the secrets of my success with a larger audience, and I took time off from trading to write a comprehensive course. In 1998 I formed Trading Advantage™, a publishing company enabling me to distribute my trading course, The Secrets of Floor Traders. In 2000 I sold the rights to the course Secrets of Floor Traders to Secrets of Traders, LLC to market the products on my behalf.
I recognized early on the inevitable shift away from the open outcry pits to an electronic marketplace, so the foundation of the Trading Advantage education has been teaching students to trade online. I’m now a nationally recognized media figure, I've been interviewed hundreds of times on virtually every major financial media outlet including CNBC, Bloomberg TV, and Fox Business News. I continue to trade the S&P 500 at the Chicago Board of Trade but my real passion lies in teaching people to trade the correct way.
Every employee at Trading Advantage is 100% committed to the goal of being the best trading education provider out there. We work to give our customers cutting-edge technological and educational products and services and we are always working to refine, improve, and update our infrastructure and educational materials. Not a day goes by where we don't strive to understand and serve our customers better. Our customers are literally the center of our universe.”
STATED IMPROVEMENTS FROM TRADING ADVANTAGE CAPITAL.
Trading Advantage Capital is constantly working to improve the quality of our customer's trading education experience by making enhancements and upgrades to our already cutting-edge technological and educational products and services. And, we are always working to refine, improve and update our infrastructure and educational materials.
Trading Advantage is willing to go beyond the call of good customer service and do what it takes to make things right with their customers.
Trading Advantage Capital recognizes that complaints posted on Ripoff Report (whether true or not) are issues that need to be addressed, not ignored. If handled correctly, complaints can be valuable learning opportunities. With the feedback generated by Ripoff Report’s review, Trading Advantage Capital has made organizational changes allowing its customers and employees a more streamlined approach to problem resolution and a commitment to a great customer experience.
In summary, after our review, which included discussions with Mr. Levin, Ripoff Report is convinced that Trading Advantage Capital is committed to quality delivery of services resulting in total customer satisfaction.
Read more about why consumers should feel confident when doing business with a member of Rip-off Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, it’s a long name for a program that does a lot for both consumers and businesses alike.
Read about Ripoff Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program, a program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. this program works.
As a matter of policy, when a business becomes a member of the Corporate Advocacy Program they agree to allow Ripoff Report to contact every client who filed a complaint so they can make things right with them. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses so we can insure that the member business did right by their customer.
NOW TO THE ORIGINAL REPORT THAT WAS FILED
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Trading Advantage Larry LevinChicago, Illinois
On Oct. 26, 2010, after a very coercive phone call, from a Trading Advantage Sales Rep, I completed a purchase agreement for a trading program having to do primarily with the futures markets. The respective course materials were received promptly within a day or two. I perused the manuals over the following week and was not satisfied with what I had seen. Most specifically, a section of the course material depicted very significant content (graphic market profiles) printed so small it was virtually impossible to read with my normal reading glasses. Not acceptable. After the week had passed, I had received nothing by email to confirm my enrollment; commencement date; receipt of my funds paid ($2600); invoice for balance owing ($900); website info; course schedule; etc. There had been no follow-up support what-so-ever, so I decided to Google the website and get a phone number to contact Customer Support. The call was made during business hours. I was directed to voicemail where I left a message. I had made a decision to not commence with the program, return the course materials and request a refund. I sent a prompt follow-up email to their billing rep (Alley), to so advise. Emails have been submitted to Trading Advantage, concisely outlining my objections and intentions, yet now, three months later, response has been minimal and I have still not seen any serious effort to resolve. I have still not received any of the usual follow-up correspondence of the sort described herein. I have checked the Tracking Number for the returned package and discovered, that on Nov. 11 it was "refused by recipient. Item being returned to sender" (me). I conveyed that status to the sales rep by email. At no time have I been advised by Trading Advantage that my package would not be, nor, had not been, accepted. As of this writing, I have not yet received the returned package nor have I yet received any express indication of intent to refund my money, or not. The Trading Advantage approach, it would seem, is to keep my money, ignore this issue and hope it will go away. As far as I am concerned, however, their silence is, at the very least frustrating, and their conduct has exemplified substandard business practice.
I have been advised a final notice deadline from the Better Business Bureau has passed without response and so it would appear that, Traders Advantage has chose to ignore them as well.
3 Updates & Rebuttals
happylada
Kelowna,Washington,
Don't shoot the piano player
#2Consumer Comment
Fri, January 03, 2014
I have read this - fortunately AFTER I signed up. There are so many scams, I might have been disuaded. I am an experinced ameteur trader, with 10 years experience. I have paid a lot of money for courses tht taught me nothing.
This course has been great. There are people I trade with who have been in the room for 3 years. There are people in that room who have made a lot of money over the past couple years.
The training is top notch. I do NOT yet trade with them as I only intend to use it to supliment my trading. But already, in three weeks, I have learned a geat deal, and look forward to actually trading with them in another month or so. Interestingly, there are about a half dozen traders there from my small city, and I have heard NO complaints from any of them. We are organizing our first social get together
Some people cannnot trade. Some people should not trade. Some people walk away and say its a ripoff because they couldn't or shouldn't be traders. it requires an incredible amount of studying, hard work, late nights and early mornings.
I suggest that those who complain simply did NOT make it a carreer or put the effort into it that is required. Maybe they did NOT have the tempermaent for it, or were terrified of losing money. And yes, even the best lose money sometimes. Ask me how I know.
And yes, their salesmen, all three I dealt with, ARE pushy. But always polite and respectful, and I was always offered an out. But they ARE good closers and they DID get me. And NO, there are no refunds once they get your signature. THAT is very plainly spelled out. But I have NO regrets.
Robdeko
St Clair shores,Michigan,
United States of America
Larry is a big fat lier
#3Consumer Comment
Tue, February 07, 2012
To the consumer you should sue, I sued them and won. You should report them to the a generals office, in the they responded that all sales are final, but alll over their website they say full money back guarantee all over the place. These people should be arrested, andbanynone that works for that conman should be ashamed of themselves
JVF
Chicago,Illinois,
United States of America
Complainant Signed NDA
#4UPDATE Employee
Thu, March 10, 2011
Due to the proprietary nature of Trading Advantage’s educational course material and intellectual property, all new students are required to sign a written non-disclosure agreement before completing the purchase and subsequently receiving the aforementioned course material.
Furthermore, the agreement explicitly states that that all sales are final, and subscriptions to any services are nonrefundable. The complainant had signed the written contract and received Trading Advantage’s proprietary course materials, thus activating the non-disclosure agreement and rendering a refund impossible.
It is also imperative to note that the Better Business Bureau has not contacted Trading Advantage regarding any complaints from the petitioner, and our overall record with the BBB, as well as our thousands of other customers, is exemplary.
We strive to maintain excellence in customer service and satisfaction within certain legal parameters which we’re bound to. If the complainant would like to contact us at the office directly, we would be more than happy to try to work out a mutually fair and beneficial solution
