Live Traders

Live Traders
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
  • Prop Trading Opportunity
2.6

Summary

Jared Wesley of Live Traders has some positives and some really big negatives.

The positives include a very good prop trading opportunity, a pretty good live trading room, and a solid educational experience.

However, the negatives include a purely fictional performance record of trades. And a completely ridiculous marketing strategy that includes all of the familiar ‘trader porn’ like multiple rented sports cars, private jets, unlimited shrimp cocktail and exotic vacations. One big marketing shitshow meant to convey a sense of wealth, exclusivity, and lifestyle freedom. Which of course is all fake.

If Jared dumped the BS marketing, this would be a very good product.

Thanks for reading today’s review of Live Traders

What is Live Traders? The company is a day trading, swing trading, and position trading educational service. Live Traders specializes in educating traders in Forex, stocks, and options.

Live Traders offers trading educational services ranging in price from $97 per month for the live Forex trading room, as well as $147 per month for the live stocks trading room. The trading rooms are broadcast daily and offer trading signals, general advice, and daily market commentary.

According to Archive.Org, Live Traders first appeared on the day trading educational scene in 2014.

Live Traders currently occupies the following social media profiles:

Live Traders is essentially a two-person operation. The main trader and head educator is a person named Jared Wesley. The other is essentially a little helper troll named Anmol Singh.

Jared Wesley manages the live stocks day trading room. Anmol Singh manages the Forex day trading room. The primary focus of this review is going to be about Jared Wesley and not Anmol Singh. Why? I have interacted with both Jared and Anmol. Jared is the trading brains, and Anmol is the marketing helper troll. I don’t mean too much disrespect towards Anmol, but in my opinion, he is pretty clueless about trading. His primary backstory includes running a Meineke muffler shop.

However, Jared Wesley has a much deeper experience and life history at trading, and in particular–proprietary trading. A deeper search of Jared Wesley reveals that Jared was registered with Finra from 2011 – 2015 as a Series 56 proprietary trader.

Performance Claims of Live Traders

On the Live Traders website, in the blog section, Live Traders posts the supposed investment returns of the signals provided from within the live trading rooms. Those investment returns are as follows…

2015 Reported Investment Returns:

  • March 2015 +$66,544
  • April 2015 +$19,872
  • May 2015 +$20,956
  • June 2015 +$27,515
  • July 2015 +$33,987
  • August 2015 +$53,030
  • September 2015 +$31,828
  • October 2015 +$75,891
  • November 2015 +$30,661
  • December 2015 +$43,365
  • Total Profits for 2015 +$404,992

2016 Reported Investment Returns:

  • January 2016 +$10,481
  • February 2016 +$39,775
  • March 2016 +$34,420
  • April 2016 +$21,418
  • May 2016 +$30,977
  • June 2016 +$24,855
  • July 2016 +$29,124
  • August 2016 +63,979
  • September 2016 +$31,917
  • October 2016 +$37,845
  • November 2016 +$32,772
  • December 2016 +10,717
  • Total Profits for 2016 +$368,283

2017 Reported Investment Returns:

  • January 2016 +$18,425
  • February 2016 +$34,502
  • March 2016 +$18,721
  • April 2016 +$30,229
  • May 2016 +$35,598
  • June 2016 +$54,409
  • July 2016 +$29,964
  • August 2016 +32,324
  • September 2016 +$56,552
  • October 2016 +$29,782
  • Total Profits for 2017 (10 months) +$340,506

As you can see, this is truly incredible–if true. Nearly three years of trading, and never a losing month.

With these sorts of investment returns, one can only imagine the amazing lifestyle. And Jared Wesley certainly has no problems showing off his supposed amazing trader lifestyle.

Live Traders: Purveyors of mighty fine ‘Trader Porn’

‘Trader Porn’ is a term that I coined back in 2014. Essentially, it is a marketing construct. It is the visual manifestation of a stereotypical day-trader. A marketing gimmick of what a supposedly successful day trader looks like.

A perfect example would be Tim Sykes orange Lamborghini and rented mansions. Or Jason Bond’s private jets and phony Harvard endorsement. Or Kunal Desai’s Bulls On Wall Street, where he projects himself as a globetrotting playboy. Or Cameron Fous with his audacious yacht parties and bikini model girlfriends. Or Anton Kreil and his private rocket ship (no kidding).

Jared Wesley is essentially attempting to replicate the same marketing strategy. Have a look at the following images…

So what is happening here? Essentially, there is a confluent marketing strategy that attempts to marry the supposed track record, with the supposed ‘trader lifestyle’.

The track record of massive profits is the fuel that feeds the imagery, that gives it legitimacy. But is any of this real?

Conversations with Jared Wesley

Since 2015, TradingSchools.Org has received 23 requests for an official review of LiveTraders.com. That’s a lot of requests. However, I have been hesitant to write a review for a couple of reasons.

The first is that Jared Wesley played an integral part in uncovering the Nonko fraud. In fact, without his help, I would have never been able to convince the SEC that Nonko was a fraud. The guy that owns Nonko is now in jail, waiting to be sentenced for securities fraud.

The second reason why I have not written anything is that I genuinely like Jared Wesley. I have spoken with him on the telephone at various times and found him to be not only a very knowledgeable person but also very honest.

Ok, so let’s get into what I don’t like…

  1. The track record of trades. It is not real. As Jared explained, “these are for entertainment purposes only.”
  2. The trader porn. It is also not real. As Jared explained, “everyone else is doing it, we cannot sell unless we also do it.”

So does this mean that Jared Wesley is not a successful trader? Nope. In fact, he is a profitable trader. But not anywhere near what he is projecting in this ridiculous marketing chicanery.

Does Jared have anything useful to offer? Yes. In fact, I recently spent a week (anonymously) inside of the live stocks trading room and found it pretty good. Are the investment returns anything close to what they are claiming? No.

However, this is not a pump and dump, front-running operation where Jared is entering trades in highly illiquid stocks in hopes of profiting from the subscribers that follow him. He is actually position trading in stocks where subscribers can actually follow and replicate his trades–without moving the market.

The good part of Jared Wesley and Live Traders

One thing I really like about Live Traders is that they are offering a semi prop-trading opportunity. Essentially, they have a corporate trading account that allows traders to pool their funds and trade from a single large account. This gives small traders a distinct advantage. They do not have to worry about the PDT rule, and can gain relatively large amounts of leverage with a very small amount of money.

I don’t want to get into the nuts and bolts of the pooled corporate account. I will let readers contact Jared and ask their own questions. However, I have spoken with Jared about this arrangement and it’s actually quite good. The per trades fees are very low, the software selection is good, and since Jared has prior experience working at different prop trading outfits, he knows how these things are managed.

I can only hope he does not get greedy and put his hands into the cookie jar. This happens a lot. So buyer beware.

Another thing I like about Jared Wesley is that he is upfront and honest about the marketing. He plainly admits that its just “for entertainment purposes” and that if he did not portray this audacious lifestyle, then nobody would inquire about his services.

My impression is that Jared Wesley is anything but this outrageous character he plays on social media, in actuality, he is mild-mannered family man.

Wrapping things up

Many readers are probably getting conflicting signals from this review. Truth be told, there are few things to like about Live Traders, and there are a few things that I simply do not like.

I like the prop trading opportunity. And I think that Jared has something positive to offer regarding the educational aspect.

However, the marketing is pure BS. And the posted performance results are pure BS. I sincerely wish that Jared would dump the marketing BS and portray trading for what it really it…a very hard to game to play.

Thanks for reading. Would love to read your comments below.

 

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Jared
Guest

There is a SERIOUS amount of mis-information on here, particularly coming from Emmet himself. I did speak to Emmet and thought we had a good conversation. I am right about trader porn, it sells…and sadly is necessary to get attention in a world where ‘armchair warrior’ traders say they are making $80k in two days! Despite that…is it still porn if you actually OWN the stuff you are using? You tell me…! I sent Emmet 68 pages of verification info, that included account statements (winning and losing), tax returns, car titles (to MY Ferrari, Corvette etc), but he conveniently didn’t… Read more »

Clio Hall
Guest
Clio Hall

I took Jared up on his offer after watching his youtube videos and joined the room, can confirm they are trading real live money and most importantly are the most honest people i have ever seen in this industry.

FrankG
Guest
FrankG

“can confirm they are trading real live money and most importantly are the most honest people i have ever seen in this industry.” Really, you can do this after being in the room for a maximum of a whole week. I was in the room for months and traded a live account and can confirm they are con artist who in no way trade live. The snippet tool they use is not a live brokerage statement. And the results they post do not even match up to their trade calls. On Max loss trades Anmol would pull up the snippet… Read more »

Jared
Guest

FranG “I can confirm they are con artists who in no way trade live.” Sorry for you that you aren’t able to tell the difference between REAL MONEY and a SIMULATOR. Heck, I even record the session everyday and post it on youtube. Have a look for yourself. Go on, do it…!! I trade REAL money period. End of discussion. Account open ALL THE TIME with fills, originator number, account number etc. So please stop with the lies. Wanna stop by my house and watch? If you’re gonna talk smack then you better make sure it’s properly directed. $2165 into… Read more »

FrankG
Guest
FrankG

I have seen no evidence of live trading more less any evidence you actually live traded the trades called out in the room live. After being in your trade room, I believe you about as much as I would believe Dr. Paolo Macchiarini. You traded mostly penny stock similar to the way Warrior Trader trades, buying gap open stocks. Amazing how you turned $2165 into $51K, yet all I saw was turnover of members. Instead of constant turnover you should have 1000’s of members making money hands over fist, yet not a one can come forth and show any proof… Read more »

Jared
Guest

You are either a troll or have no idea what you’re talking about. I TRADE LIVE WITH REAL MONEY EVERYDAY. Come to the room and check it out for yourself. Should we call the IRS to see if I turned $2165 into $51k gross. FACT. Let’s bet $10,000 I did it. You and I both put the money in an escrow account and I will CALL the IRS to confirm my results. DEAL? Otherwise move along. You are just spewing LIES. Period. I DO NOT TRADE PENNY STOCKS. I AM NOTHING LIKE WARRIOR. Period. The truth is, the fact that… Read more »

FrankG
Guest
FrankG

One of us is a pathological liar but it isn’t me. So easy to fake your results, posting sim results and forgot a loser here and there. The only thing that matters is the results of all your live trades over time. I don’t know what you are referring to when you say you turned $2165 into $51k gross, but I know it is not the results of trading the trade calls made in your room. And seriously the IRS. This is con artist none sense as the IRS is not verifying anything. POST YOUR ACTUAL BROKERAGE STATEMENT!, instead of… Read more »

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Jon
Guest
Jon

“However, the negatives include a purely fictional performance record of trades” Are you now saying your previous comment was false? Here is the problem, the stock market is at record high, showing you have made money is nice, but not proof the trade calls in a vendors room are profitable. Not to mention he might not be showing the accounts that lost money. Why are you not going into the room and actually taking the trade calls and video taping the entire thing, so you know what is really going on. If you are not going to go into the… Read more »

Jon
Guest
Jon

“Only swing trades, which is easy to replicate.” Not sure when day trading started to be called swing trading, but if this is the case then you should easily be able to take their trade calls and compare results. I realize you cannot go into every room and take their calls. We already have a con artist doing that. We all know the good Doctors name. Here is what I am suggesting: 1) First before doing anything, Demand to see brokerage statement! – This eliminates 99% of the trading room vendors as most don’t ever trade a live account, 2)… Read more »

Jon
Guest
Jon

“That eliminates 99.999%. ” That’s great. If I am doing the math correct, that means out of 1,000 trading rooms evaluated you only have to go into 1 trading room and take the trades the trading room vendor self-proclaims to take. That does not seem like an overwhelming task, after all you were in Axia room for a 1 week. And then simple compare the trades taken in the trading room to his brokerage statements and your results. If you do that I think you will eliminate 100%. And yes I know never talk in absolutes, but I think in… Read more »

Cyn
Guest
Cyn

What exactly does a bunch of after the fact videos prove?

We can all mark charts after the fact, when we already know what happened.

Just another hindsight gazillionaire. This is pathetic, because so many fools fall for it, and hand over their money.

Jared
Guest

Emmett conveniently deleted my last comment. No point in typing anything in here with him potentially deleting it. Go check youtube and watch for yourself or come to the room. I’ll bet you $10,000 that the $2165 into $51k gross is real. Put it up in an escrow account, I will too…then we’ll go from there.

AmitC
Guest
AmitC

Hey Emmett,
In case another trading room has mesmerised you by showing you a beautiful woman like Axia Futures did, I do hope with your positive review you would be posting a picture too & not just empty words of praise. P.S: i mean pic of atleast 1 year of brokerage statement not the woman 🙂

Phillip
Guest
Phillip

Any updates Emmett?

Clio Hall
Guest
Clio Hall

Jared don’t bother LOL….some people just will never get it, They will rather stay BROKE and negative . You can show them whatever you want, they wont beleive you. It’s just a mindset these days of people with conspiracy theories etc… My advice F em lol…they will always stay broke and negative and eventually fade away. Just because they can’t trade for S$it they think no one else can…Sad..

Jon
Guest
Jon

Clio, What is SAD is you post this after being in the room for all of one week (per your own post). After one week you have no track record or clue about the performance of this room. This makes you either a fool or a shill. Hmm! I wonder which one you are. Of course you could do what no other members can do and that is post brokerage statements backing up your whole week of being in the room. Seriously this is so ridiculous it is pure silly. I have a real question for you are you Jared… Read more »

Jared
Guest

Btw, I NEVER trade penny stocks. EVER. So you must be a different chat room. 😉

MBTrader
Guest
MBTrader

Re: Anmol Singh Hello Emmett, Just read your review and wanted to share my experience with you. Anmol used to be a prop trader when he was at Pristine. Like most prop programs, the Pristine program was split in two, International and Domestic. I owned and ran the international part of the firm while Greg owned the US side. In 2014, Anmol’s prop account was overdrawn by $4K. I allowed him to go negative because he was a Pristine moderator and I believed he’d surely restore his trading account. Needless to say, in 2015 Greg fired Anmol (and Jared) as… Read more »

Fernando
Guest
Fernando

Stop it LOL. So obvious this is Greg or someone at pristine commenting, sour about being taken out of their business and going bankrupt. Jared and Anmol told us the whole story about all the dirty tactics at pristine and showed us screenshots of your conversation. Pristine negative review clearly states that, Why don’t you share your real name MBT ? Also why wait to come out with this info and not take out jared and Anmol when they launched pristine ? All members have seen Anmol and Jared prop reports, so you are not fooling us members, Shameful you… Read more »

Ex-Pristine Employee
Guest
Ex-Pristine Employee

This must be that Spanish guy who ran international prop. Well your lie is caught, Anmol quit the prop program in 2013, Greg and other people at pristine were touting anmol as being the fastest trader to every go through the prop program , At level 7 they got over 1million USD To trade. Why would they give him that account and level 7level 8 money if he was a losing trader. Why would then he be hired to run their trading room if he was losing ? Either you are full of shit, ,which you surely as , cuz… Read more »

Joe
Guest
Joe

By the way, I just noticed all the positive comments received a thumbs up, and the negative ones were thumbed down lol. That tells me all the positive ones were Jared/Anmol. TraderF, Jack, Roger B, etc….

Joe
Guest
Joe

Emmett, I just found your site by sheer luck and I want to say thank you for such impressive work. Having said that, you took it real easy on Livetraders. I don’t think there is a need to share another Nonko victim story, but Jared was actually the one that recommended Nonko to me. Of course, I should’ve known better than believe his hype, but I was just starting out and pretty naive. IMO, LiveTraders are con artists with no moral compass. They are going out of their way to fool novice traders with their marketing and fake performance records.… Read more »

TraderF
Guest
TraderF

Love your reviews Emmet, But I think you got this one wrong. Especially You have got Anmol wrong. I attended the Live mentorship with him and Jared and traded 5 days live with them, Watched them trade for full 5 days. I am also on Anmol’s trade copier for Forex where it basically copies his trades on mine and I am up nicely in my account for the last 12 months+ ( I can show my account statement ) in fact all trade copier members have access to the full trading reports in the backend. Keep up the good work,… Read more »

Jack
Guest
Jack

You are saying that they are actually trading live with trades that can be followed and easily replicated, along with good education and a good prop style option. Given the large number of complete frauds that are out there it seems a bit harsh to mark them down to a 2.6 based on just their marketing

Ex-Livetrader
Guest
Ex-Livetrader

Btw the “prop firm” are not owned by Jared Wesley, but by this guy https://www.linkedin.com/in/michael-di-gioia-6241424 – Do your homework Emmett

If any positive to say. I think they offer a real account. Remember i was able to move the price with low volume on some of Anmol’s picks. I did 100-200 shares and moved the price with some cents. Anmol usually did 3000+ and didn’t move a thing 😀

John C
Guest
John C

2.6 stars for out and out fraud. I have been to their room and they are not claiming these trades are for fun. Just the opposite they state they are trading live and even show fake brokerage trade statements to prove they are trading live. Yet when you talk to Jared he admits the trades are not real. I can assure you none of the folks going to this room go their because they think the trades they are claiming are fake. This is the definition of FRAUD and they should be investigate and thrown in jail where they belong.

Roger B
Guest
Roger B

Lol you definitely have not been in their room,I’m in there, come say hi. Learn how markets work and how executions and order entry work. If you just follow their trade like a blind idiot, that’s what you deserve, you will never get filled same as them , Jared and Anmol always say that , clearly you didn’t listen. They always put their order first and then call trade, so they’ll always get it first before you do. You’re most likely on a retail platform using crappy Routes. Learn to use dark pools

J B
Guest
J B

1) They admit the trade are not real
2) Why would these people spend so much time and effort in this business selling products/education for trading ? — Because they don’t make money trading themselves.
3) Am I the only one that doesn’t see this for what it is?

Ex-Livetrader
Guest
Ex-Livetrader

As a former trader with Livetraders, i did some paper work from elitetradepro.com and some from a layer firm. I asked about elitetraderpro.com affiliation with Livetraders and Anmol told it was meant for European based traders. Naive and new to the game i began to trade the “funds” money without much guidance or risk management from my “bosses” Jared, Anmol and Jay. It is very strange i signed up through elitetraderpro.com, since no one at Livetraders can answer any of my questions regarding this “company” https://www.fca.org.uk/news/warnings/elite-trader-pro-inc

I would advice people to be very careful with these people

T.N.
Guest
T.N.

What isn’t mentioned in the review is that when LiveTraders first started, they were actually part of the NONKO scam. They were endorsing NONKO and referring members to NONKO…and I’m assuming for monetary gain. Maybe the NONKO incident gave them the motivation for their own prop firm.

martin
Guest
martin

And it seems like Jared and co didnt want to verify any trading results. I dont understand why you can recommend the prop firm if they dont verify any proof of success

Amit
Guest
Amit

Unethical stuff, nonsense trading performance that beats even the artificial intelligence autobot of 2030s decade.

Billybopeep
Guest
Billybopeep

Not that it is relevant, bit I always got the impression that Jared comes from a wealthy family. Hence a lot of opportunities for trader porn. Maybe misperception. Re. the exaggerated performance claims, I hope Jared realizes there is a whole community of informed prospects at tradingschoolsorg looking for any kind of legitimate track record!

Scottiee
Guest
Scottiee

Do you have to buy their education in order to join the prop firm?

Roger B
Guest
Roger B

No you don’t, I’ve been with them just under 2 years now, can’t complain. Doing well and Prop is legit.

Scottiee
Guest
Scottiee

Thanks Jared, I mean Roger B lol

Scott Hubbard
Guest
Scott Hubbard

yo man, get your own handle, Scottiee is taken