Complete Currency Trader
Complete Currency Trader is yet another Forex Trading Education company offering a $14,000 trading package from individuals that have absolutely zero track record of every trading successfully. The owner of company and the sales manager of company both claim to be “full time professional traders and Hedge Fund managers”, yet are unwilling or unable to justify outrageous claims of trading success. Company is employing shady marketing tactics and empowering an army of fake reviews to swamp the internet. The company maintains an address that is listed as a “hot spot” for fraudulent internet related activities. Avoid.
User Review( votes)
Thanks for reading today’s review of Complete Currency Trader
What is Complete Currency Trader? CompleteCurrencyTrader.com is a Forex day trading educational website owned by a person named James Edward. The company appears to be a two person operation. The founder, James Edwards claims to be a 10 year veteran of the Royal Marines, and later became a “bodyguard to the rich and famous”. James Edwards discovered Forex trading and began trading live markets in 2006.
James Edwards claims to have quickly established himself as a world renowned and well respected expert at Forex trading.
James Edwards also claims to be a “Hedge Fund Manager”, though no prior work history or financial institution where he supposedly worked as a “Hedge Fund Manager” are listed.
Complete Currency Trader has a second employee named Brian Stickney, that appears to be living in Las Vegas, Nevada. Brian Stickney claims that in 2012 he was introduced to Complete Currency Trader and “achieved incredibly success with the system”. Brain Stickney claims that since 2008, “Brian has been a full time currency trader and spot Forex trader”.
The website appears to have come online in late 2012, as per Archive.Org.
Complete Currency Trader Products and Services
Complete Currency Trader is offering the following products and services:
- Introduction Course $99.99
- Elite Insider’s Club – Annual $696.00
- Alexei Janssen’s Trading Minds Course $3,497.00
- Complete Currency Trader Course $9,497.00
- Elite Insider’s Club – Monthly – Every month $147.00
A review of the website reveals that the only listed product is the Introduction Course at a cost of $99.99. However, this product is simply used as marketing bait. Once a person makes the initial step of purchasing the relatively inexpensive Introduction Course, then the person will weave and wind through a primrose path of clever marketing and continuous up sell opportunities.
For instance, “Now that you have purchased the basic course, now its time to learn the true secrets that unlock massive profits and unlimited wealth, etc”. The end point is to convince the consumer to spend roughly $12,000 to $15,000 for the super mega course and mentoring.
Complaints about Complete Currency Trader
Since January 2016, Trading Schools has received three separate and unsolicited complaints from individuals that had cumulatively spent nearly $30,000 in educational fee’s with Complete Currency Trader.
None of these individuals were happy. They all described the company as heavy on selling products, and light on actual Forex trading.
The most common complaint regarding James Edward and Brian Stickney is that nobody has actually ever been able to witness any live trading. The Complete Currency Trader educational package is quite simply, an educational package. There is no verifiable track record of any prior trading success for either James Edward or Brian Stickney. However, these individuals were lured into purchasing by a combination of marketing factors.
The first piece of marketing are the daily YouTube videos that are published by either James Edward or Brian Stickney. The videos are remarkably similar in that they begin by talking about the daily happenings in the Forex markets, and then there is a conversation about the trades that each supposedly executed during the course of the trading day. Since there is no live trading room experience, then individuals must simply trust that the stated trades are authentic. However, none of the purchasers of the Complete Currency Trader education package were able to convince either James Edward or Brian Stickney to release account statements that verified the trading results. In retrospect, the purchasers of Complete Currency Trader expressed regret about not verifying that either of these individuals were actually trading.
The second piece of marketing that played a role in convincing them to purchase the Complete Currency Trader were the sheer volume of the positive reviews that the Complete Currency Trader have listed on YouTube and Google. The “crowd effect” gave them a sense of trust and authenticity.
How the Complete Currency Trader creates the illusion through positive reviews
In 2013, after the Complete Currency Trader educational package was developed, they began an aggressive affiliate marketing campaign and began publishing high commission rates on popular affiliate promotion websites.
The most popular affiliate promotion website is WarriorForum.com. The Warrior Forum website is frequented by an average 120,000 to 200,000 active, professional affiliate marketers each month. Complete Currency Trader began promoting on Warrior Forum in late 2012. The following is the promotional piece published on Warrior Forum.
What was the net effect of using Warrior Forum as the main promotional venue? If you Google search or You Tube search Complete Currency Trader, then you will find hundreds of “real customer testimonials” that all proclaim the wonders and magic of the Complete Currency Trader educational package. One guy in particular claimed to be making hundreds of thousands of dollars each month after learning the trading secrets. The videos and online blog posts of these paid marketers are quite outrageous, often funny, and complete garbage.
Signing up to be an affiliate marketer for Complete Currency Trader is quite simple. I signed up in under a minute and was given a large batch of promotional graphics, stories to tell, and tips and tricks on how to market the program. With such a streamlined and well planned promotional campaign, its quite easy to see why so many are actively marketing a promotional program that pays up to $4,500 per sale.
More Cause for Concern
Complete Currency Trader uses some very slick graphics that purport a fancy trading office located in London.
In addition, the images of James Edward and Brian Stickney convey as sense of legitimacy and importance. However, these images are simply stock images with a graphics overlay and background.
My question is simply, are these just a couple of guys operating this business out of a cheap apartment?
Why is there no published track record?
If James Edward is a “Hedge Fund Manager”, then whom and where?
In my opinion, the most worrying sign of fraud is the published address for Complete Currency Trader. The official address for this company is listed as Complete Currency Trader Ltd 145-157 St John Street London EC1V 4PW United Kingdom. Why is this address worrisome?
According to Interfraud.Org, a UK based fraud advisory group, the listed address of 145-157 St John Street London EC1V 4PW United Kingdom is a well know address for many internet scams. In fact, there are multiple fraud warnings, published by several well respected sources (BBC) that describe this address as a “Hot Spot for fraudulent internet related activities”. You can spend hours reading about the different businesses that have been using this address, which essentially is a “dark drop box”.
The Complete Currency Trader’s listed address is the same address used by several fraudulent boiler rooms that were recently shuttered by British Financial Authorities. In addition to boiler rooms, this address has been used for mail order scams, Nigerian scams, counterfeit consumer goods scams, Binary Options scams, and extortion scams relating to internet pornography.
Why would James Edwards choose to house the Complete Currency Trader in such an esteemed location? Makes you wonder.
Contacting Complete Currency Trader
Of course, with all these warning signs, perhaps James Edwards and Brian Stickney are actually “full time, professional Forex traders” and “Hedge Fund managers”? The only way to know for sure was to contact them directly and ask some very basic questions. The Trading Schools questions come in two flavors: Flavor A is the Sheep email and Flavor B is the Wolf email.
The Sheep email is an email where I use an anonymous email and fictional name. I contact the company and describe myself as a newbie trader with money to spend. That I have tried everything and really need help. Sure enough, they jumped all over the Sheep email and tripped all over themselves trying to convince me that the Complete Currency Trader would be the last trading educational product that I would ever need. All I needed was to purchase the secret software and that they would mentor me on my journey to financial freedom.
The Wolf email is different. I introduce myself and am very direct. I highlight my caution and concern and that I would gladly pay the $14,000 in fee’s, but that I simply needed to see the personal trading performance of either James Edwards or Brian Stickney. Of course, none could be provided. But I was emphatically assured that if I applied the course materials, then I should have no problem achieving success. Once again, I explained that I was ready to immediately send over the $14,000 tuition fee, but I just need only a morsel of proof that either has ever traded successfully.
At that point, these characters know that the gig is up. And they simply refuse to respond to further inquiries. Neither of these individuals could produce even a fleck of evidence.
Wrapping Things Up
Another day, and yet another Trading Educator/Hedge Fund Manager that feels that is absolutely fine that someone send them $14,000 for a trading course, but that it is absolutely absurd that anyone would perform due diligence on their claims of trading success.
There is nothing wrong with spending money on a a trading educational course. But there is something absolutely rotten when the individual selling the course has absolutely no business giving financial advice.
Well that’s it for today. Sorry that this was yet another crappy review about yet another shady character operating out of a location better know for Revenge Porn than successful trading. Thanks for reading and dont forget to leave your comments below. Even the haters will find that their opinions are cherished.
I have watched and completed their two free courses “Forex Inception” and “Trading Cybernetics” available on YouTube and can confirm they are quite good and are profesionally made. It is rather surprising to read that they are scammers.
Just my experience with CCT…..
Today is Oct. 15, 2018, and I continue to try and contact CCT in London. After one month of sending emails to Support, call a voice mail box, sending a FEDEX, that cannot be delivered due to the address being incorrect, AND I cannot get the software for their Core Values and Market Analysis to work, I would run as fast as possible from the firm/fraud/??. James Edwards continues to give webinars here in the U.S.A., just last week by Wealth365.com. Caution, Caution at all cost with this vendor…Complete Currency Trader”, claiming to be based in London, UK.
CCT Services…as of 10/09/2018…..CAUTION, I downloaded their software after paying $199./month, then tryed to call them, phone numbers are not working, tryed to email them, no response after sending daily emails for 20 days.
Tryed to Fedex James Ewards with my compliant letter with all the backup day, FEDEX cannot fine the address in London!!! Avoid them at all costs!!!!!
I just paid US$199/subscription for a month. got the software, made a profit then was told that my visa payment was rejected. are they really crooks? how do I get my money back and they have cut me off from the installed trading software.
Only use credible platforms: There are several credible platforms in South Africa where you can trade forex, including Standard Bank’s Webtrader, Sanlam iTrade and PSG online. Banks, dealers and traders use fixing rates as a market trend indicator. Clients are provided with an online learning center to educate clients on the basics and offer potential on Forex through Arab Financial Brokers. While you can make money from IRF, it is also widely used as an effective hedging mechanism by banks and financial institutions to mitigate their risk. Many prefer to stay away from forex trading, the largest financial market globally. It offers good financial results ( forex signals performance ) if followed strictly the trading rules. And in order to withdraw money from these brokers one need not require to deposit a single paisa.http://www.forexmastermethodevolutions.com/
Nice product ‘plug’. But remember, when you ‘plug’ your product, it might be reviewed! Which can backfire.
For all the Russ Horn fans out there: http (colon forward slash forward slash) forexwinners (dot) ru (forward slash) ?s=Russ+Horn&posttype=post&widget=advanced-search-widget-3
You can get his $1000 TradeOnix system here https (colon forward slash forward slash) forex-station (dot) com (forward slash) viewtopic.php?f=578267&t=8472691
Two of his free systems here: https (colon forward slash forward slash) forex-station dot) com (forward slash) viewtopic.php?f=578267&t=8472677&start=40
Russ reinvents the same type of system over and over again. Packages it differently and has all of the pretty colors and bells and whistles. Not saying that there no value in them or that the trading methodology doesn’t have some sound ideas but the signals often get you to the party late.
This guy had free videos and tips a while back.Now he sells the same videos and tips for $99. He also has a complete Forex course for $9997 with software.It is all about momentum with the currencies.If it was that easy you would buy when the price went up and sell when the price went down on any trading sector and make money.But that fails as much as it works.
I have a thriving business and consider myself a successful and smart entreprenure. I was attracted to forex because of the life style and potential. I have plenty of disposable income and have purchased a few systems and trading packages. CCT package is the most expensive one I have purchased so far. So far I have not traded a live account but can say that I am satisfied with the home study course. It has given me the education on market micro structure that I was looking for. It has also taught me about a subject I Did not consider relevant in forex. Odds a probabilities! I have also been viewing Brian’s class recordings and can say that they have finally helped me understand what is meant by trading pshycology. Sure, I could get all this for free simply by doing google searches on what I think are relevant forex terms but it would probably take me 10 years to connect all the dots. I’m blessed to have $10,000 to be able to purchase a road map that has all the dots connected. It’s really all boils down to your perception of value. You can probably get the equivalent of a college degree for free from a library but it would take you 100 years with out the road map and access to professors. That what this course is. If you don’t have 10 g’s to spend on your education you probably won’t see the benefit of this course. Even if I do not end up making money in forex the principles I have learned in this course have helped me in my daily life as well as how I look at my current business. I don’t like to preach but I will say that I believe if you take the money in your pocket and put it into your mind, your mind will fill your pocket. That’s Ben Franklins quote not mine. Good luck.
John, or you could have gone to babypips dot com, forexpeacearmy dot com, swing-trading-strategies dot com and got a stack of education about forex for free. Then once you’d filled your mind with the knowledge that can fill your pockets you’d be able to evaluate whether a course that costs $10,000 is really worth it. Hell if you’re determined to spend money for less than $300 bucks you could get life time access to theforexguy dot com, our old friend Nial at learntotradethemarkets dot com will take your cash, fox at forexschoolonline dot com would like your cash too. Or wait for the special sale prices on udemy dot com and there’s a heap of forex and trading psychology courses there for $10 and I’ve hardly made a dint in your $10,000. I’m glad you found value in the course but there are plenty of alternatives available and it takes less effort than going to a library to find them.
First in full disclosure I know nothing about this particular course, but bery familiar with most courses these type of educators sell.
“So far I have not traded a live account but can say that I am satisfied with the home study course”
Most people, like 100% of them, take a trading course take it to be abke to make money in the market. If you have not taken what you learned and traded with it how do you know it is of any value. In other words I could put together a course right not and charge $10K that in a million years I could not trade profitable. Let me try it another way. If I sold a course for $10K and said it is for educational purposely only and I never could use the information I am selling to trade profitable, but maybe you can figure it out; would you still buy it.
Trading a live account is where the rubber meets the road.
“You can probably get the equivalent of a college degree for free from a library but it would take you 100 years with out the road map and access to professors. ”
That is comparing apples and oranges. You are required to have a college degree to get a job in certain fields and you can see other college graduates that actually got a job in their field. Most colleges these days are even showing job placement rates for certain fields of study (and it is about time IMHO). The problem with these trading courses no one shows an proof they can trade the method they teach profitable. And taking the course is not a job requirement anywhere. Go to GS and say ready to trade as I took the Complete Currency Course and see how hard they laugh in your face.
“Even if I do not end up making money in forex the principles I have learned in this course have helped me in my daily life as well as how I look at my current business.”
Really? Can you give me an example. I have not used anything I learned in a Trading Course outside of trading and talking to other traders. Just curious how learning Fibonacci or Pitch Forks or MA or Macd or divergence or ….. (I could go on for days) comes up in everyday life. When I mention it to my wife she tells me to shut up.
The bottom line is you have to have some Litmus test and to me it is the ability to actually take what you are taught and be able to trade in a live market profitable and that starts with the person selling the course proving they can even trade the method they sell profitable. Because if they can not do it, I seriously doubt by some miracle you will figure it out.
I tried his free version(which applies to 1 minute charts with a 20 pip profit or loss and a 20 pip trailing stop) and you really do not have time to get your trade in before his strength indicator changes.It is too late in calling the market.He does offer a 21 day money back guarantee for his more in depth strength indicator with course($10,000) but there is just to much risk and too much to interpretation in his method.
Perhaps I can chime in a bit.
I attended one of the webinars and took an onilne course for $9.97. It was ok.
I actually placed a $500 deposit for their $10000 home study course after another webinar…regretted and to their credit, they did refund fully quickly.
At least no $ lost.
May I ask how you requested for refund? Have not heard from support since I placed a request for refund. Your reply will be highly appreciated.
That same course use to be free.
what a scam. On the day of the brexit, their “complete” currency trader “live” training recap video just muttering about the awesome volatility.
Same with DTA of Arrambide which has blog newsletter now. could not find a retail vendor claiming they made a good profitable trade from the brexit.
His name is not even James Edwards, but James Cochrane. Emmett, please check the moderation queue, I provided a link that verifies it.
Emmett seriously why even do Currency Trading Room reviews since they are all 100% Scams. Forex is even more impossible to daytrade then futures as its rigged from bottom up.
But as we know the futures (emini) trading rooms are also Scams.
Look trading from home is very,very hard and takes many years with no income as you learn and if you fail you have nothing to show for. All these trading room operators are Failed traders themselves.
You going against the smartest,most advanced Groups,Banks in the world.
Well done, I’ve come across this scammer in the past. BTW, I think his real name is James Cochrane, see here: https://beta.companieshouse.gov.uk/company/08097604/officers
Yep, Vlad found him. Amazing that you sometimes dig stuff up that I cannot find. Great job.
Crossing information with Duedil, you can see his name is James Edward Cochrane and before CCT, he was a director at two currently dissolved companies, see: https://beta.companieshouse.gov.uk/officers/tPfx_vgkVDpxado76yz29doq_8A/appointments. Also, CCT changed address last September, how about that?
I recall hearing about CCT back when it appeared on a forex forum. Even the host for donnaforex.com was fooled:
Another guy drank their kool-aid for years.
There is an old affiliate redirection hub for those old forex long page ads “aweber.com”. A lot of those old forex scam EA’s and systems had their sites linked through there.
I know nobody likes these Forex reviews. But surprisingly there was a lot of interest in this guy. Got a lot of requests to review, and Google was getting over 1000 monthly search engine requests, so I went ahead and did it.
There are so many of trading products out there. Its difficult to track because they come and go so quickly.