SchoolOfTrade Review – What They Don’t Want You to Know

It presents itself as a trading education platform that offers advanced courses, each focusing on different aspects of trading. However, despite their claims, there is something not fully disclosed to users. With a lack of positive reviews and a charge against them, readers are encouraged to stick with us to uncover the truth behind SchoolofTrade.

User Feedback

One user expressed skepticism about SchoolofTrade education, noting that they sensed something was amiss with the platform. They commended the CFTC for intervening, suggesting they had doubts about SchoolofTrade’s credibility a long time ago.

Another commenter implied that SchoolofTrade was suspicious based on a brief visit to their website. They also noted that reviews of SchoolofTrade were removed from a review platform, possibly indicating an attempt to disassociate from dubious entities.

These reviews sourced from various online platforms shed light on SchoolofTrade.com’s unreliability, hinting at shady operations conducted covertly. It’s wise to avoid such companies that may not have your best interests at heart, much like the scam brokerage company Fin Art Media. 

FPA One Star Rating

Researching SchoolofTrade reviews on a popular source FPA indicate significant dissatisfaction among users, primarily due to several key issues. One user mentioned that despite paying for the pro membership, they discovered that the trades of the day were simulated using NinjaTrader software, rather than being real trades as advertised. 

Another user expressed disappointment with the trade room’s performance, highlighting long periods of no trades followed by losses. This inconsistency in trading results contradicted the promises of profitability made by SchoolofTrade services, leading the user to conclude that the membership was not worth the time or money invested. 

Additionally, the lack of transparency regarding earnings and the potential for SchoolofTrade to terminate a lifetime subscription without a refund added to the user’s dissatisfaction. Overall, these reviews suggest a pattern of misleading marketing and disappointing performance, resulting in a high level of dissatisfaction among users.

Courses & Their Features

In terms of course availability, we found that the SchoolofTrade course range has three distinct options to cater to traders at different skill levels.

Beginner Course

Focuses on three main objectives – Fundamentals, Technology, and Psychology. It teaches the fundamentals of Futures markets, core trading principles, and the importance of having the right attitude or ‘trader’s mindset’. Students learn to create a productive trading environment with an optimized computer setup, professional trading software, and a trading journal. 

Intermediate Course

Aims at developing confidence in trading and teaches the ‘Modern’ technical analysis and cutting-edge price-action techniques used in the Trade Room. Students learn about the ‘Price Action Cycle’ to identify reliable support/resistance levels and entry setups. 

Advanced Course

This course teaches the Price Action Trading Strategy and offers an environment to accelerate learning by trading alongside an experienced trader daily. The Advanced Course includes unlimited access to the daily Trade Room, Technical Indicators, and Charting Templates, along with 24/7 access to the Support Team. 

Pricing

Delving into pricing ranges, there is a cost option for each course available.

Beginner

USD 249.99 / per month

Intermediate

USD 2499 / one-time payment

Advanced

USD 4999 / one-time payment

In terms of SchoolOfTrade price options, they can differ from time to time, since platforms are prone to change their website offerings and product availability. The company also seems to offer promotional periods where the courses are on sale, as well as discount codes. We advise users if they decide in the end to invest with this firm, best to visit their website for Special Membership.

CFTC Fraud Charges

For users unfamiliar with them, the U.S. Commodity Futures Trading Commission (CFTC) is an official government agency, responsible for regulating the U.S. derivatives markets. The CFTC has regulatory authority over futures, options, and swaps markets to protect market participants and the public from fraud, manipulation, and other abusive practices. 

The issue with SchoolofTrade, according to the CFTC, was that the company and its operators, along with Joseph Dufresne and Megan Renkow, allegedly engaged in fraudulent marketing of commodity futures trading strategies and systems. Steer clear from scam brokers, such as this one W2W Capital Review. 

The CFTC accused them of making false statements and omissions about Dufresne’s trading experience. The CFTC also alleged that the platform failed to prominently display required disclosure statements about simulated or hypothetical trading results and client testimonials.

The CFTC issued a warning against SchoolofTrade to inform users about the potential scam and to provide them with warning signs to identify fraudulent commodity trading systems and advisory services sold on the Internet. 

Where Is The Platform Present?

Our research team found that the company holds influence in several domains:

• United States
• Canada
• South Africa
• India
• Nigeria

Many comments and reviewers state they’re from the US, which makes sense since the platform is registered there, location 40 E. Main St. #640 in Newark, DE 19711. Despite being registered there, SchoolofTrade.com is not regulated, highlighting a lack of oversight.

While trading education platforms are not required to be regulated, they are expected to comply with standard regulatory laws to ensure transparency and protect consumers. The CFTC’s warning against SchoolofTrade.com underscores the importance of due diligence when engaging with trading education platforms, especially those that operate in multiple jurisdictions like Canada, South Africa, and others, as identified by our research.

Social Media

The platform is actively present on social media platforms such as Twitter, Instagram, and YouTube. On the SchoolofTrade YouTube channel, they have a significant following with 108,000 subscribers and have uploaded 3,799 videos, garnering a total of 10,810,083 views since joining in December 2008. 

Their YouTube channel features videos that provide trading insights and strategies, such as identifying fakeout breakouts, bear traps, and other trading opportunities. These videos are well-received, with many views and positive engagement from traders.

Despite its strong presence on YouTube and other social media platforms, SchoolofTrade has faced criticism and a lack of positive reviews. The platform’s website is described as outdated and lacking in modern design, which contrasts with the professional appearance of its YouTube channel. We remind you again that the platform has received a warning from the CFTC. This alone sparks concerns about the platform, despite its popularity on YouTube.

Concluding Thoughts on SchoolOfTrade

To sum up, despite its apparent long operation since its establishment in 2008, SchoolOfTrade’s extensive presence in the market may suggest a wealth of experience and expertise. Yet, our investigation reveals a different picture. 

With a lack of positive reviews, a charge against them by the CFTC, and a questionable approach to trading education, readers are advised to exercise caution. While the platform is active on social media and has a strong YouTube presence, these aspects do not guarantee reliability or success. 

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