Global Trade Room

Global Trade Room
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience

Summary

A smoke show of pure BS. Global Trade Room claims 98% winning days and $300,000 in 100% verifiable profits from real trading accounts. Complete and total malarkey. Zero transparency. They refuse to verify any of these wild and outrageous claims of success. Trading room is a complete joke, no trading DOM present on screen, no trading from the charts, all orders are limit in and limit out, all trades are verbal BS. Avoid these shady hustlers.

1
Pros: Absolutely nothing to recommend.
Cons: Outrageous claims of fully verifiable trading performance, including 98% winning days, and $30,000 average winning months. Claims all trading is with live, real money trading accounts, yet refuses to verify. No trading DOM visible in trading room, no trading from charts, limit order scalping BS. Complete and total fraud.

***UPDATE*** Please read update of this review.

Thanks for reading today’s review of Global Trade Room

Global Trade Room is a day trading room and day trading educational company founded and owned by Simon Joseph, a registered CTA or Commodity Trading Advisor. The day trading room is moderated by Simon Joseph, Sandy Seghal, and Bob “Bang Bang” Amico. The cost of the trading room is a one time fee of $9,850. There is only a one day free trial in which to access the validity of the trading methods that they teach.

The Global Trade Room is also listed as one of Dr. Dean Handley’s “Trading Titans”, in which Dr. Dean Handley verified that the performance is honest and accurate.

Initial Observation

One of the things I found to be highly interesting is that Simon Joseph is a registered commodity trading adviser, or CTA. Why is this important? Because if a person is registered with the NFA, then they better be able to verify every single claim regarding trading performance. The NFA and CFTC (regulatory body) take disclosure and reported performance very seriously for all registered members. In other words, the reported performance claims of Global Trade Room had better be spot on perfect, else the regulators are coming.

Reported Performance

The Global Trade Room does report performance. In fact, a review of the spreadsheets listed on their website claims that the Global Trade Room made a total net profit of $308,160 trading three contracts per trade, for the year 2014. Also, for the year 2015, Global Trade Room is reporting profits of over $200,000. Where these trades simulated or hypothetical? According to Bob “Bang Bang” Amico, these trades are 100% real and verifiable, and these trades were traded using only live trading accounts. Please watch the following video which confirms…

Bob “Bang Bang” Amico also claims that for the entire year of 2014, the Global Trade Room had only 5 losing days. In other words, the Global Trade Room has winning days over 98% of the time. Pretty impressive numbers. But are they real?

In addition to this outrageously excellent performance, Bob “Bang Bang” Amico also claims to be a pretty big trader, in fact he claims that he usually trades in the 20’s. Meaning that he trades 20 contracts per trade.

How did I collect all of this information? I attended the live trading room sessions for the month of August and the first week of September. Everything that I am writing came directly from the recorded transcripts of the live trading room. Again, I am not making this stuff up. The video does not lie.

As I watched the video and recorded everything that was happening, I could not help but keep thinking about these wild claims of success within the context of a being a fully registered CTA. Once again, a registered CTA better be able to fully verify every single one of these claims, or the regulatory body is going to come down like a mountain of pain. I hope for Simon Joseph’s sake, he can produce the trading records that verify these returns.

Inside the live trading room

The video below shows the typical trade inside of the Global Trade Room.

If you watched the video, you will notice that at no time during the trading day will you see a trading DOM, nor will you see any trading from the charts. Rather, everything is verbal. I personally found it quite confusing as the charts were so small and the trades were typically only a few seconds long.

One of the things I found very unsettling were the consistent use of limit orders for entry and exit. Both Sandy and Bob would quickly declare, “I am in” always on a limit entry and they always got into the trade with no delay. Unfortunately, this is not how the real world of trading works, a person does not simply enter on a limit order. Limit orders take time to fill, yet Sandy and Bob always got their price, always got their fill.

Another problem was the quick scalping exits on limit orders. In particular, Sandy would quickly declare that he got his 10 ticks or 5 ticks with zero delay. He would just howl into the microphone and congratulate himself on yet another winning trade. After every winning trade that Sandy would declare, Bob would immediately begin howling congratulations to Sandy on yet another winning trade.

The whole time, Bob declaring that this was real time trading, with real money accounts, not the “simulated trash” like the other trading rooms. He also liked to reference Dr Dean Handley and how Dr. Dean Handley had fully vetted the company and the performance. The whole time that I was listening and recording, I kept thinking about the field day that the CFTC was going to have with this video. These guys better be able to verify every single trade, else there is going to be hell to pay with the regulators.

Verifying Performance

At the end of the long trading day on September 2nd, I sent an email to Bob “Bang Bang” Amico and said that I was ready to send my $9,850. I was excited about the opportunity and could not wait to learn all of the secret trading methods of the Global Trade Room. However, before I sent my $9,850, I just needed to verify that the trades called in the single recorded trading session were real trades(as Bob claimed). I just wanted a screen shot of Bob and Sandy’s consolidated trade report that comes with Ninja Trader. Bob responded with a very curt, “NO”. Bob “Bang Bang” Amico simply blew me off. Bob has no problem declaring that each and every trade is 100% real and verifiable, that the Global Trade Room is the highest earning trading room on the internet, and a whole host of other wild exaggerations,  however the moment you ask him to verify performance…he turns as slippery as a wet turd.

How could someone simply send these guys $9,850 without verifying performance? It truly amazes me. They claim that they earn over $30,000, every single month. And win over 98% of the trading days. This is by far the most outrageous claim that I have ever witnessed since I began writing these reviews.

What should you do?

These guys claim 100% real trades, with real money accounts. If you are on the fence or thinking about sending these guys $9,850, then you should make them verify these magnificent claims of success. Is verification really such an outrageous request?

I will wrap up this review and speak very candidly. A lot of people have blindly purchased this trading room based upon the implied credibility of Dr. Dean Handley’s “Trading Titans” list. However, in my opinion, the Global Trade Room represent all that is wrong with the trading education industry. These folks are ugly, shady, and outrageously dishonest. I wish I were wrong, and I would love for these jack offs to prove me wrong by showing account statements, but I am afraid that they are just going to keep on with the scam until the CFTC comes calling. Which I am sure they will, as I have already filed a complaint.

Thanks for reading, and don’t forget to leave to leave your comments below.

Comments (603)

  1. Maurice September 5, 2015
    • Alex February 8, 2016
      • Skip L. April 9, 2016
  2. Stray Dog September 6, 2015
  3. Rob September 6, 2015
  4. Rob September 6, 2015
  5. trader September 6, 2015
    • Emmett Moore September 6, 2015
      • Sammy Costa September 7, 2015
      • mike September 9, 2015
        • jake October 9, 2015
  6. alex September 6, 2015
  7. trader September 6, 2015
  8. Joe September 6, 2015
  9. Kaiser Soze September 7, 2015
    • jake October 9, 2015
  10. Jim September 9, 2015
  11. Jim September 9, 2015
  12. Patrick September 14, 2015
    • Emmett Moore September 14, 2015
  13. Al your pal September 14, 2015
  14. Tom September 15, 2015
    • Emmett Moore September 15, 2015
    • Emmett Moore September 15, 2015
    • Rob B September 15, 2015
      • Tom September 15, 2015
        • Emmett Moore September 15, 2015
  15. Tom September 25, 2015
    • Emmett Moore September 25, 2015
  16. Alexandre September 26, 2015
    • Tom September 30, 2015
  17. Rob B September 27, 2015
  18. Chak September 30, 2015
  19. BGL Trader October 7, 2015
  20. Tom October 11, 2015
  21. John October 19, 2015
  22. Case Schiller October 20, 2015
    • Alex October 20, 2015
    • Emmett Moore October 20, 2015
      • mike October 21, 2015
        • Rob B October 22, 2015
    • Jordan October 20, 2015
  23. Rob B October 20, 2015
    • Barry K November 8, 2015
  24. Saber October 20, 2015
    • David C October 20, 2015
      • Alex October 20, 2015
      • Emmett Moore October 20, 2015
        • Joe October 21, 2015
  25. David C October 20, 2015
    • Rob B October 20, 2015
      • K. Merta November 6, 2015
        • Emmett Moore November 6, 2015
  26. Jon October 21, 2015
  27. best of the best out there October 21, 2015
  28. mike October 22, 2015
    • Rob B October 22, 2015
  29. Tom October 22, 2015
  30. Pete October 26, 2015
  31. jon October 27, 2015
    • Chris October 27, 2015
  32. Ben October 28, 2015
  33. jon October 30, 2015
  34. Rob B October 30, 2015
  35. Bob Amico October 31, 2015
  36. Christian October 31, 2015
    • Bob Amico October 31, 2015
      • Emmett Moore October 31, 2015
      • Rob B October 31, 2015
        • Emmett Moore October 31, 2015
      • Rob B November 1, 2015
        • Bob Amico November 1, 2015
  37. Christian October 31, 2015
  38. Joe October 31, 2015
  39. Jon November 1, 2015
    • Bob Amico November 1, 2015
      • Jon November 1, 2015
        • Christian November 1, 2015
        • Bob Amico November 1, 2015
      • Joe November 1, 2015
  40. Rob B November 1, 2015
    • Bob Amico November 2, 2015
  41. Joe November 2, 2015
    • Bob Amico November 2, 2015
      • Bob Amico November 2, 2015
        • Emmett Moore November 2, 2015
  42. Tom November 2, 2015
  43. Jake L November 3, 2015
    • Emmett Moore November 3, 2015
    • Tom November 3, 2015
  44. Nadina S November 4, 2015
    • Emmett Moore November 4, 2015
    • Jake L November 4, 2015
    • Tom November 4, 2015
  45. Joe November 4, 2015
    • Bob Amico November 4, 2015
  46. Bob Amico November 4, 2015
    • Joe November 4, 2015
      • Joe November 4, 2015
        • Emmett Moore November 4, 2015
          • Joe November 4, 2015
  47. Joe November 4, 2015
    • Jake L November 4, 2015
  48. Nadina S November 4, 2015
    • Joe November 4, 2015
    • Bob Amico November 4, 2015
  49. Nadina S November 4, 2015
    • Max November 9, 2015
      • Nadina S November 10, 2015
      • Nadina S November 11, 2015
        • Sam November 14, 2015
  50. Jon November 5, 2015
    • Zexsy November 9, 2015
  51. Tony Echemendia November 5, 2015
  52. Bob Amico November 5, 2015
  53. Tom November 5, 2015
    • Emmett Moore November 5, 2015
      • Tom November 6, 2015
      • Rob B November 6, 2015
  54. Brian P November 5, 2015
    • Emmett Moore November 5, 2015
  55. Nadina S November 5, 2015
  56. Jon November 6, 2015
  57. Chris November 6, 2015
  58. Tom November 6, 2015
    • Jon November 6, 2015
    • Nadina S November 7, 2015
  59. Jon November 6, 2015
  60. Kamil November 6, 2015
  61. Irms November 7, 2015
    • Chris November 7, 2015
  62. Gid K November 8, 2015
  63. trader November 8, 2015
  64. Eric November 8, 2015
    • Nadina S November 8, 2015
      • Tom November 8, 2015
      • Christian November 9, 2015
      • FML November 9, 2015
        • Sam November 10, 2015
          • Emmett Moore November 11, 2015
            • Sam December 2, 2015
      • Karma December 2, 2015
  65. Joe November 8, 2015
  66. jon November 9, 2015
  67. Bob Amico November 9, 2015
    • FML November 9, 2015
    • kenneth November 10, 2015
    • Jon November 10, 2015
  68. Allison November 9, 2015
    • Tom November 9, 2015
    • FML November 9, 2015
    • Jon November 9, 2015
    • Christian November 11, 2015
  69. yxy November 9, 2015
  70. F M L November 9, 2015
  71. Rob B November 10, 2015
  72. Tom November 10, 2015
  73. Tricia November 10, 2015
    • kenneth November 11, 2015
    • Tom November 11, 2015
    • Tricia November 11, 2015
      • Tricia November 11, 2015
        • Tom November 11, 2015
          • vincent November 11, 2015
            • Brian P November 11, 2015
          • Bob Amico November 11, 2015
          • Urs November 11, 2015
  74. Brian P November 11, 2015
    • Tom November 11, 2015
      • Brian P November 11, 2015
  75. Rob B November 11, 2015
    • Bob Amico November 12, 2015
      • Tricia November 12, 2015
        • Bob Amico November 12, 2015
          • Tricia November 12, 2015
        • Brian P November 12, 2015
          • Tricia November 12, 2015
            • Brian P November 12, 2015
              • Tricia November 12, 2015
                • Brian P November 12, 2015
  76. Jon November 12, 2015
    • Bob Amico November 12, 2015
  77. Nadina S November 12, 2015
  78. Bob Amico November 12, 2015
    • Nadina S November 12, 2015
      • Brian P November 12, 2015
        • Nadina S November 12, 2015
          • Brian P November 12, 2015
            • Nadina S November 13, 2015
  79. Rob B November 12, 2015
  80. Bob Amico November 12, 2015
  81. Jon November 13, 2015
  82. Jon November 13, 2015
    • Bob Amico November 13, 2015
  83. Rita Bellotti November 13, 2015
    • Emmett Moore November 13, 2015
  84. Joe November 13, 2015
  85. Rob B November 13, 2015
  86. Jon November 14, 2015
    • Nadina S November 14, 2015
      • Tom November 14, 2015
  87. Bob Amico November 14, 2015
    • Joe November 16, 2015
  88. Jon November 14, 2015
  89. Scamsquad November 14, 2015
  90. Gomez November 14, 2015
    • Bob Amico November 15, 2015
    • Christian November 15, 2015
  91. Bob Amico November 15, 2015
    • FML November 15, 2015
  92. Truth in trading November 15, 2015
    • Tricia November 16, 2015
  93. Nadina S November 15, 2015
    • FML November 15, 2015
    • kenneth November 15, 2015
      • Joe November 16, 2015
    • Tom November 16, 2015
  94. Jon November 15, 2015
  95. Nadina S November 16, 2015
    • Joe November 16, 2015
      • Nadina S November 16, 2015
  96. Truth in trading November 16, 2015
  97. Truth in trading November 16, 2015
    • Chris November 16, 2015
  98. Joe November 16, 2015
    • Bob Amico November 16, 2015
      • Joe November 17, 2015
        • Tom November 17, 2015
  99. Nadina S November 16, 2015
  100. Samsquad November 17, 2015
    • Bob Amico November 18, 2015
  101. Bob Amico November 17, 2015
    • Nadina S November 18, 2015
  102. Jon November 18, 2015
    • Tom November 18, 2015
  103. Bob Amico November 18, 2015
    • Chris November 18, 2015
  104. Scamsquad November 18, 2015
  105. Trans November 18, 2015
  106. Jon November 19, 2015
  107. Tony November 19, 2015
  108. Rob B November 19, 2015
  109. Tony November 19, 2015
    • FML November 20, 2015
  110. AC November 19, 2015
  111. Tom November 19, 2015
  112. Chuck November 19, 2015
  113. ShakingMyHead November 19, 2015
    • Tricia November 20, 2015
    • Nadina S November 20, 2015
  114. Jon November 19, 2015
  115. Bob Amico November 20, 2015
    • kenneth November 20, 2015
  116. Jon November 20, 2015
  117. Tom November 20, 2015
    • Rob B November 20, 2015
      • Sam November 20, 2015
        • Joe December 27, 2015
  118. Tricia November 20, 2015
  119. Tricia November 20, 2015
  120. FML November 20, 2015
  121. Tom November 20, 2015
  122. ShakingMyHead November 21, 2015
    • Tricia November 21, 2015
      • ShakingMyHead November 21, 2015
        • Rob B November 22, 2015
          • Tom November 22, 2015
          • Joe December 27, 2015
  123. DC November 22, 2015
  124. Jon November 23, 2015
  125. DC November 23, 2015
  126. FML November 23, 2015
  127. FML November 23, 2015
  128. Best of the best out there November 24, 2015
  129. Rob B November 24, 2015
    • ShakingMyHead November 24, 2015
      • kenneth November 24, 2015
        • Joe December 27, 2015
  130. Tom November 24, 2015
  131. Jon November 24, 2015
  132. Tricia November 24, 2015
  133. SELLA ASK BUYA-BIDDA November 24, 2015
    • Jon November 27, 2015
  134. Tom November 24, 2015
  135. Rob B November 24, 2015
  136. Tom November 24, 2015
    • DC November 25, 2015
      • Tom November 25, 2015
  137. Tom November 25, 2015
  138. Tom November 25, 2015
  139. Jon November 25, 2015
  140. Chris November 26, 2015
  141. Rob B November 27, 2015
    • Tom November 27, 2015
  142. Tom November 29, 2015
  143. jon November 30, 2015
  144. Tom December 1, 2015
  145. FML December 3, 2015
  146. Patrick December 5, 2015
  147. Nadina S December 7, 2015
  148. Been Had Too December 7, 2015
  149. Rob B December 8, 2015
    • Emmett Moore December 8, 2015
  150. Robert Robinson December 8, 2015
    • Nadina S December 8, 2015
    • Joe December 27, 2015
  151. Tom December 8, 2015
  152. Nadina S December 8, 2015
  153. Sam December 8, 2015
  154. ShakingMyHead December 8, 2015
  155. Rob B December 8, 2015
    • Tricia December 9, 2015
      • Joe December 27, 2015
  156. ShakingMyHead December 8, 2015
    • Tricia December 9, 2015
      • Sam December 9, 2015
  157. Tom December 8, 2015
  158. Jon December 9, 2015
    • Sam December 9, 2015
  159. Jon December 9, 2015
  160. Chuck December 9, 2015
    • Rob B December 9, 2015
      • Jon December 9, 2015
        • Tricia December 10, 2015
        • Chuck December 10, 2015
  161. Tom December 9, 2015
  162. Rob B December 10, 2015
    • Chuck December 11, 2015
    • Sam December 16, 2015
      • Rob B December 16, 2015
  163. Rob B December 10, 2015
  164. Jon December 10, 2015
  165. Bill December 11, 2015
    • Joe December 27, 2015
  166. tom December 12, 2015
    • Joe December 27, 2015
  167. Micheal December 14, 2015
    • Nadina S December 14, 2015
      • Rob B December 14, 2015
  168. Chris December 14, 2015
  169. Nadina S December 14, 2015
    • Chris December 15, 2015
  170. Tom December 14, 2015
  171. Jim December 14, 2015
  172. ShakingMyHead December 15, 2015
    • Chris December 15, 2015
    • Emmett Moore December 15, 2015
      • Chris December 15, 2015
        • Emmett Moore December 15, 2015
          • Chris December 15, 2015
            • Chris December 15, 2015
          • ShakingMyHead December 15, 2015
            • Emmett Moore December 15, 2015
              • Chris December 15, 2015
          • kenneth sklander December 15, 2015
  173. Jon December 15, 2015
  174. Al Scott December 15, 2015
  175. Jon December 15, 2015
  176. Bill December 15, 2015
    • Michael December 16, 2015
  177. Jon December 16, 2015
    • Rob B December 16, 2015
  178. Nadina S December 16, 2015
    • Chris December 16, 2015
    • Rob B December 16, 2015
  179. Rob B December 17, 2015
    • kenneth December 17, 2015
    • Sandman December 17, 2015
    • Sandman December 17, 2015
      • Joe M December 17, 2015
      • kenneth December 17, 2015
      • Joe December 27, 2015
    • BarryK February 15, 2016
      • Rob B February 15, 2016
    • Joe December 27, 2015
  180. Nadina S December 17, 2015
    • Chris December 17, 2015
  181. Bill December 17, 2015
    • Rob B December 17, 2015
    • Rob B December 17, 2015
    • Sam December 18, 2015
  182. ShakingMyHead December 17, 2015
    • Rob B December 17, 2015
      • ShakingMyHead December 17, 2015
        • Rob B December 17, 2015
      • BarryK February 15, 2016
  183. Jon December 17, 2015
  184. Jon December 18, 2015
  185. Michael December 18, 2015
  186. Sandman December 18, 2015
    • Rob B December 18, 2015
  187. Jon December 18, 2015
  188. Uncle Sam December 18, 2015
    • ShakingMyHead December 18, 2015
      • Rob B December 18, 2015
        • ShakingMyHead December 18, 2015
          • Rob B December 18, 2015
            • Rob B December 19, 2015
  189. Bill December 18, 2015
  190. ShakingMyHead December 18, 2015
  191. ShakingMyHead December 18, 2015
  192. Nadina S December 19, 2015
  193. Bill December 19, 2015
  194. Tom December 20, 2015
  195. Tom December 22, 2015
  196. Jon December 23, 2015
  197. Bill December 29, 2015
  198. Truth in trading December 29, 2015
    • ShakingMyHead December 30, 2015
  199. bill December 30, 2015
  200. Nadina S December 30, 2015
    • mike December 30, 2015
  201. Nadina S December 30, 2015
  202. Rob B December 30, 2015
  203. Brian P December 30, 2015
  204. Sam December 30, 2015
  205. Nadina S December 30, 2015
  206. PJ December 30, 2015
    • Tom December 31, 2015
      • Rob B December 31, 2015
      • Jason Isbister December 31, 2015
        • Jon January 2, 2016
          • Jason Isbister January 11, 2016
      • Chris P December 31, 2015
  207. Bill December 30, 2015
    • Bill December 30, 2015
  208. mike December 30, 2015
  209. Bill December 30, 2015
  210. Bill December 30, 2015
  211. Bill December 30, 2015
  212. Bill December 30, 2015
  213. Nadina S December 30, 2015
  214. Nadina S December 30, 2015
    • mike December 31, 2015
  215. bill December 31, 2015
    • Chris December 31, 2015
      • Rob B December 31, 2015
        • Chris December 31, 2015
      • kenneth January 2, 2016
  216. Nadina S December 31, 2015
  217. Bill January 1, 2016
  218. Nadina S January 1, 2016
  219. ShakingMyHead January 1, 2016
    • Chris P January 4, 2016
      • ShakingMyHead January 7, 2016
        • Bill January 8, 2016
  220. Nadina S January 1, 2016
    • Bill January 1, 2016
  221. Rob B January 1, 2016
  222. Sam January 1, 2016
  223. C January 1, 2016
  224. Bill January 1, 2016
    • Jane January 4, 2016
  225. Nadina S January 2, 2016
    • Rob B January 2, 2016
      • C January 2, 2016
  226. Nadina S January 2, 2016
  227. Nadina S January 2, 2016
    • C January 2, 2016
  228. Bill