Elevate Trader is currently trolling StockTwits.com for suckers. He claims to earn $1k per day, day trading stocks. Yet, he can provide no proof of even having an active trading account.
TradingSchools.Org has received various complaints from individuals that were scammed.
StockTwits.com continues to be the Facebook of Fraud where financial hucksters and charlatans prey on the financially naive and desperate. Avoid.
Thanks for reading today’s review of Elevate Trader
What is Elevate Trader? The company is headed by a person using an anonymous name–Mr. Sultan.
Elevate Trader is offering the following products and services:
- $75 monthly chat room where ‘Mr. Sultan’ will call live trades and audience members will attempt to replicate.
- Personal mentoring on how to trade the ‘Mr. Sultan’ secret trading techniques. Price is negotiable.
According to Archive.Org, the ElevateTrader.com website first appeared in early 2017.
How Elevate Trader generates customers
According to SemRush web analytics, the ElevateTrader.com website has only one marketing channel: StockTwits.com.
It appears that ‘Mr. Sultan’ advertises through StockTwits.com and regularly posts comments on various threads of popular stocks. In the past, TradingSchools.Org has written about fraudulent activity being perpetrated through StocksTwits. You can read the article titled…StocksTwits: The Facebook of Fraud, which gives examples of how shady characters are hustling average investors.
What does the typical “StockTwits” fraud look like? It’s quite simple.
Step 1) Create a website offering some sort of magical trading product.
Step 2) Create an advertising account on StockTwits and begin ‘Stock Tweeting’ on message board threads of popular stocks.
Step 3) Post screenshots of supposedly real trades that display amazing trading abilities. Typically $1k per day in profits.
Step 4) Create fake StockTwits user accounts and begin creating message streams that extoll the amazing trading abilities of the supposed trading guru. This is called creating ‘social proof’ via performance spoofing.
Elevate Trader: Is the performance real?
On the StockTwits webpage, that advertises the trading activity of Elevate Trader, you will see truly incredible daily trading profits. The following screenshots are examples of the supposed daily profits:
The following screenshot is the supposed trading averages for ‘Mr. Sultan’…
Contacting Elevate Trader
During the month of January 2018, TradingSchools.Org reached out to Elevate Trader in hopes of writing a review.
The conversation with Mr. Sultan started pleasant enough. He was quite excited about being reviewed and being exposed to a wider audience. However, during our conversation, we were quite clear that TradingSchools.Org verifies all performance claims through actual brokerage statements. At that point, Mr. Sultan fled the interview like an angry cornered rat. He wanted nothing to do with verifying personal trading performance.
During the investigatory period of the review, TradingSchools.Org also received two private email messages from a user on our sister website (Trader.Help) as well as a message on our TradingSchools.Org dropbox. The messages were direct and plain…that Elevate Trader is a fraud and the performance summaries are bogus.
One person claimed to have innocently stumbled onto StockTwits and became enamored with the advertisements of Elevate Trader. He ended up losing a small trading account, and quite frankly, felt foolish for trusting this company.
Wrapping Things Up
Thanks for reading. And thanks to readers for taking the time to message us with their complaints. Although complaining does not help your personal situation, it helps fellow traders avoid scams, frauds, and phonies.