Market Traders Institute

Market Traders
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience

Summary

Market Traders is a company shrouded in controversy.

Ex-employees allege fraud. Current and past students have filed a massive amount of complaints on various online forums.

A "money back" refund policy that appears to be as worthless as wet toilet paper. A shit show of marketing chicanery, misrepresentations, and performance huff-puffery.

Owners of company narrowly escaped extended prison sentences for money laundering, securities fraud, and wire fraud for their involvement in a $220 million dollar Ponzi scheme. Owners of company operated a Forex brokerage that was shuttered by the NFA and fined $250k. US criminal investigators described this Forex company as a massive money laundering operation. Absolutely avoid.

1.0
Pros: A well-oiled marketing enterprise.
Cons: Extremely deceptive. A full blown "boiler room" operation where customers are treated like plump cattle for the slaughter. Performance results are marketing mumbo-jumbo. A company where an ex-employee and many former students commonly agree that the entire business is a scam. Avoid.

Thanks for reading today’s review of Market Traders Institute

What is Market Traders Institute? The company is a day trading educational company that specializes in the Forex markets. The company was founded in 1994 by Jared Martinez. The business is located at 3900 Millenia Avenue, Orlando Florida.

Jared Martinez describes himself as the “Big Chief” of Forex trading. He drives a Rolls Royce with the license plate “Forex Chief”. Various online publications tell the quaint story of how Jared grew up dirt poor, with no shoes, on an Indian reservation in Montana. At some point in history, Jared discovered day trading and has been “taking scalps” ever since.

At some point in time, Jared’s children (there a quite a few) also discovered the awesome power of day trading, joined the company, and they have also become proficient scalp-takers. In particular, I enjoy the personal testimony of Jacob Martinez. He describes himself as a former personal trainer that could not afford to fix his car or feed his wife. After struggling for 6 months to save up an extra $500, he invested this money into the Forex markets and turned his $500 into $39,000 in only 6 months by day trading. Since turning his $500 into $39k, in only 6 months, he decided to spread his financial love onto a desperate humanity.

All kidding aside, it is pretty amazing what this family of Forex gypsies has been able to accomplish. To have come from some such a poverty stricken region of the United States, and end up driving a Rolls Royce around Florida is quite an accomplishment. But before we crown Jared and his kids the second coming of Sitting Bull, Crazy Horse, or War Eagle, we should probably take a closer look at exactly what these guys are selling. Which of course, is a “day trading education” at $7,995 per person.

Market Traders Institute: A closer look

First things first. Over the years, the Market Traders Institute has occupied a massive amount of online web addresses. The following are only the active websites, but TradingSchools.Org was also able to identify dozens of other websites that are now defunct. Let’s take a look at just the currently active websites:

In addition, there are various social media profiles related to the company:

This is only a partial list. There are quite literally dozens of related social media profiles and related brands to the company. It’s is a big company. With lots of employees.

Marketing Outreach

Market Traders Institute has a massive advertising budget. A review of market analytics software SEM Rush revealed that Market Traders Institute is currently spending an estimated $8,000 to $22,000 per month in Google pay per click advertising.

There are currently 300 – 400 advertisements concurrently running on just Google. These ads are targeting over 6,000 keywords. There are hundreds of landing pages attached to these ads. The ads trigger at just about any term related to Forex, day trading, work from home, futures trading. Just about anything related to “Home Based Business Opportunity” will trigger an ad for Market Traders Institute. The target market is anyone looking to make money from home.

In speaking with the marketing director at SEM Rush analytics, he estimated that there is likely a full-time team of 3 individuals that manage an account of this size and scale. It is quite simply a massive advertising effort.

To give you some perspective on the size and scale of the operation, the following YouTube video (which is expertly produced) shows the Forex Big Chief ‘Jared’ and his Forex little squaw ‘Joshua’ giving the audience a walk through of the sales facility.

As you can see from the above video, the marketing operation is quite extensive, elaborate and expertly managed.

Marketing Efforts

As you can imagine, TradingSchools.org has received a massive amount of correspondence from various parties related to this business. The vast majority are unfortunately complaints from individuals that purchased various sales packages that are presented in an ultra-slick format. The marketing appears to be a sort of primrose path, where a person is drawn towards an online advertisement and then lands on one of the various landing pages.

The landing pages usually contain an amazing story of making massive amounts of easy money in the Forex markets. All a person needs to do is use the magic trading software and simply “push the button” and profits will begin to appear. The following are a couple of the video’s that speak of easy profits for everyone involved.

 

 

Simply amazing. Just wait for three green bars and start buying Forex as fast as possible. Or, wait for three red bars and start selling Forex as quickly as you can hit the mouse button. Like an ATM machine, these magical trading indicators are like a broken ATM machine that keeps flinging money in every direction.

Or how about the following video, where we can supposedly watch and copy Jacob’s trades for a massive, volcanic eruption of Pips and profits. Its so easy! I especially enjoy the “roll bar” on the bottom of the video, where random people are supposedly reporting massive profits.

 

 

 

If you spent a moment watching these videos. And you have been around the block a few times, you are probably laughing at the ridiculous absurdity. And this is just a small sampling of the carnival-like atmosphere in which they are promoting “easy profits through Forex”.

How can people be so naive? Its the boiler room.

The big question that readers are probably thinking to themselves, “How could anyone fall for this?” The answer was provided by an individual that contacted TradingSchools.Org and described themselves as an ex-employee of the sales department.

In our conversation, they described the sales operation as a high-pressure boiler room. Where the sales people were under constant stress and pressure to “do whatever it takes to get the credit card.” To sell the program as a financial solution for the masses of mostly middle-income persons with little to no knowledge of financial instruments. It’s a commission based incentive program that played hard on the conscious of plenty of the sales people.

The sad truth was that every customer was treated like a plump financial target. The company understands that nearly everyone is going to fail at trading. And as they continually fail, the company is continually peddling yet another solution for “only a few hundred more dollars.” The customer just needed a little more education, a newly developed indicator, a special coaching session, an exclusive mentor, everything has a price tag. There is no end to the upsell. There is just broken dreams and maxed out credit cards.

But what about the TRACK RECORD?

As the ex-salesperson explained, a common question that prospective purchasers of the program will ask,”Is there a track record of trades? Can you show me something that proves Forex Big Chief and Forex Little Chief are trading successfully?” Absolutely! In fact, the track record of trades is a central component of the sales process. Let’s have a look at one of the supposed track records that Markets Traders is currently using as “proof” of successful trading.

Market Traders Institute

Pretty nice looking, right? From June 2011 – February 2013, a wonderful profit of $39,282.

However, in speaking with the ex-salesperson, he explained that this track record of trades is simply “one of many track records.” In other words, the company keeps a laundry list of supposed real trading accounts, in which various individuals within the company are trading various trading accounts. The goal is to create the visual appearance that only one track record exists, and this is used as “proof”. The following is another screenshot that was also used as “proof” until the account took a dump and they stopped using it.

Market Traders

If you think about this logically, this is a company with dozens of employees. Has a large monthly overhead and a massive advertising budget. This is a multi-million dollar operation. They can afford to have 50 losing accounts and only use the 1 account with the winning track record. Pretty clever. And it makes sense.

I want to also include the disclaimer that the ex-employee could be disgruntled, and all of this could be a massive lie. In order to convince TradingSchools.Org to write a negative review. However, I found the narrative to be credible.

What about the Money Back Guarantee?

Market Traders Institute offers a money back guarantee. I brought this up with the ex-employee. He next explained that triggering that money back guarantee was nearly impossible. A person had to navigate through an alligator infested swamp of “retention agents.” Essentially, the “retention” department would do anything or say anything to convince the individual who wanted their money back to keep trying. They would offer discounts, private mentoring sessions, partial discounts, shame, guilt…whatever it took to keep the client alive for 6 months. At the end of the 6 months, the client is pooped out of the rear of the company. Ignored and forgotten.

The salesman also described the problems that the company had with swarms of online complaints that were filed at the Forex Peace Army. If you follow the link below, you will notice a clear pattern of one or two online complaints, that are followed by five or six positive reviews. The online complaints were devastating to read.

MTI is an utter scam, ruthless and thin skinned.

Stay far away. They charge expensive with poor quality. Hard to get a refund.

These guys are like the PONZI frauds. They sell hyped up hope of getting rich and fulfilling dreams… no more, no less. Stay away from these bottom feeders.

The sales department called me day and night, pestering me months on end to buy more trading indicators until I ran out of money and then they stopped calling.

I lost my life savings. $61,000 down the drain. Please stay far away. They are selling a fake dream.

Its a gimmick.

MTI DID NOT HONOR ITS MONEY-BACK GUARANTEE AFTER I CANCELLED THEIR PROGRAM.

As you can read, these are pretty nasty quotes. And there are many, many more. And so to counter this negative feedback, the company would employ a virtual army of professional “shills” to counter the negative reviews with at least 5 or 6 positive reviews for each negative review. Notice how striking the feedback on both sides of the review ledger.

The most damning evidence

Probably the most damning piece of evidence are not the allegations of using multiple account statements. Nor are the multitudes of negative reviews posted on the company at Forex Peace Army, Scam Group, and Complaints Board. By far, the most damning piece of evidence is an article published by Bloomberg.com on May 10, 2015. The title of the article is “The Con Man and His Mentor“. Link below. Before you dive into the article, make sure you have a bit of time to read. It is quite a long read. And it tells the damning story of a $220 million dollar ponzi scheme that involved David Smith, Jared Martinez, and his two sons, Jacob Martinez and Isaac Martinez.

https://www.bloomberg.com/news/articles/2015-05-11/currency-con-man-says-he-got-by-with-some-help-from-famous-friend

At the center of the story is a man named David Smith from Jamaica. Whom eventually received a 30-year prison sentence for fraud. As David Smith tells his story, he recollects that he knew absolutely nothing about the Forex markets until he met Jared Martinez through one of Jared’s many newspaper ads promising Forex riches. After becoming a student of Jared Martinez, he was convinced by Jared to invest $1 million dollars into a new Forex brokerage that Jared started out of south Florida.

The brokerage turned out to be a complete and total fraud. A Ponzi scheme, money laundering operation from day number one. And all of the accounts that administered funds for the Ponzi scheme were controlled by Jared Martinez and his two sons. The scheme was pretty simple. Jared Martinez would fly to Jamaica and present to potential investors an amazing investment opportunity. That his “Greatest and most successful student was David Smith”, and that David was generating massive returns by using Jared Martinez’s magical trading techniques.

Jared Martinez was quite the salesman. And since Jared owned the Forex brokerage that David was supposedly trading through, there was an implied credibility and trust that Jared Martinez was verifying the actual trading performance of his “Greatest and most successful student.” It turns out that David was not a very good trader and never made a dime at trading Forex. In fact, he lost several millions of dollars before quitting trading altogether. However, the people of Jamaica and South Florida believed the words of Jared Martinez and began giving millions of dollars to David to trade on their behalf.

The monies all passed through Jared Martinez brokerage in South Florida.

At some point, the Ponzi scheme imploded and Jared Martinez Forex brokerage was closed down by the CFTC and Jared paid a fine of $250k.

A criminal investigation ensued.  David Smith agreed to plead guilty and also testify against Jared Martinez, Jacob Martinez, and Isaac Martinez. The US Attorney, Bruce Ambrose, assigned to the criminal case described the operation as “a huge washing machine of fraud.” However, the US Attorney declined to prosecute the Martinez’s because they had skirted just beyond the statue of limitations of five years. Of course, the Martinez’s were incredibly lucky to outpace the statute of limitations. They certainly dodged a bullet and more than likely would have faced a multi-decade prison sentence.

However, law enforcement agents in the US, Jamaica, and Turks and Caicos Islands were stunned that the US Attorney, Bruce Ambrose decided to not to pursue the case more aggressively and find a way to throw the Marinez’s in US prison. Louis Skenderis, a special agent for US Department of Homeland Security spent three years investigating the Martinez’s and was quoted as saying, “It was a great case.”

Janice Holness, executive director Jamaica’s Financial Services Commission was quoted as saying, “I think David Smith is just a pawn”, and “Smith is a crook and got what he deserves, but there are bigger fish. He’s taking the fall for these people, including Jared Martinez.”

Wrapping things up

What I think is most incredible about this story is just how close the entire Martinez clan of Forex hustlers came to receiving very long prison sentences. But through sheer luck and perfect timing, they managed to wiggle out of the hangman’s noose. Like clever Indians, they jumped on their ponies and escaped the justice that they so obviously deserved. It is really incredible. Now they are doing what that have always done, hustling poor middle-class folks out of whatever savings they have remaining.

In speaking with the ex-salesman for the company, he described Jared and his kids as “simply terrible human beings.” And “without conscious or regret, they simply take all they can, and they can never have enough.” Pretty sad.

Thanks for reading and don’t forget to leave a comment below. And if you have been one of the unfortunate that fell into the Martinez trap, would love to read your comments.

 

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Rob B
Guest
I actually am familiar with this con artist scam company. I not only went to some of their sales pitches, I had a close friend that paid the $8K (actually got it cheaper as they always had a sale) and he said they were a upselling machine; constantly trying to sell you another course. I look back now on one of the stories he told me about this company with my current knowledge of these con artist rooms and it just shows how brilliant they were at running the con. They had a live trading room. Now for those familiar… Read more »
James
Guest
Right on. It’s that mentality that there are some bad apples but also some good ones that keeps the industry chugging along. All these brokers like Ninja… they know exactly what is going on yet they keep bringing these con artists in for webinars. It’s sickening. I would never want my money in the hands of a company like that. I just don’t trust them. Big Mike is a tough one to figure out because he does such a good job of branding himself as a nice guy who’s looking out for everyone. But he has a long history of… Read more »
Rob B
Guest

Damn James, That is right on the money. Some of the best comments about BM I have read. The best con artist are the ones that seem so sincere. Ask Bernie Madoff victims and every one of them will tell you how he seemed like such a great guy who had their back. What they do not see is there is a knife in the hand as they have you back.

dtchurn
Guest
Exactly, if bmt ever stopped becoming two-faced, they would have dropped ninja-ecocesspool completely, and demanded proof from ft71, jigsaw and the other affiliates years ago. Except the forum has become a morass of the same faux “trading wisdom” and cliches bandied about for years, often repeated by vendors as common red herring practice. Besides the deluded sim journals of whatever current batch of showoffs for the next generation of kool-aid induced newbs set to be victimized by their first rounds of scam vendor monthly churns, members are encouraged to”donate” time, elite membership dues , indicators and even trading ideas all… Read more »
Pete
Guest
Al Brooks has made more claims of day trading profitability than many other Futures.io vendors, he shares some of Schooloftrade’s shadiness compared to many vendors. However Brooks makes very subtle qualitative and quantitative claims of profitability. The CFTC complaints should be stacking up quickly against Brooks in 2017. Brooks will have to cease or rebrand his trading-marketing in 2017 due to the cloud of suspicion lingering following the TS review and subsequent CFTC complaints (Do a Google search for CFTC complaints to report Al Brooks ASAP). HFT speed of execution and algorithms that react to retail orderflow ended that possibility… Read more »
Rob B
Guest

You are like an alcoholic and need help. Don’t believe me. Try and go 10 post without mentioning Al Brooks (in a non Al Brooks thread) and typing AL Br…s does not count. No mention implicitly or otherwise. I do not think you can do it. Seek Help Man.

dtchurn
Guest

He won’t and will continue to tag my posts blabbing B_ooks out of his disease also. Predictable.

Pete
Guest

Victims need your help, along with the support of other victims of Al and day-trading scams. We need full and transparent CFTC investigations and likely prosecution and we need it now. I hope Trump detains trading vendors, rebuilds the ghettoes of USA and builds a wall to restore this ethically bankrupt country. Trump needs to hear from us about these day-trading-marketing criminals. I believe he will act so fast against these scum once he hears from enough of us.

Stray Dog
Guest

“Victims need your help, along with the support of other victims of Al and day-trading scams. We need full and transparent CFTC investigations and likely prosecution and we need it now.”

And how is constantly posting in non Al Brooks’ threads going to achieve any of the above? Pete, you’ve pissed people off so much that no one cares. Yes, you took a $20,000 hit. That’s not nice but try getting divorced. Then you’ll understand what being taken to the cleaners is really like.

Cyn
Guest

He must already be divorced. Taking a $20k high interest loan and losing it all will do that for one.

Pete
Guest

Regular posters are prejudiced against me more than I pissed them off w/off topic posts, Gal Brooks is always tied in with the subject of the review. One of my brokers probably got 20K in commmissions though my losses exceed that, I’m sure these soon-to-be-illegal bucketshops are very thankful for soon-to-be-incarcerated vendors like MTI’S Martinez and the typical WASP-male scammer. Looking forward to seeing hard and fast response by Trump and CFTC action in 2017 against so many of these guys my head will spin.

dtchurn
Guest

go ahead and post your entreaties for others to do CFTC complaints on Al’s site, bmt, trade2win, elite, etc. instead of buried here in subthreads tagging my posts. at this current rate their will be no cftc case a hundred years after b_ooks retires.

Alex
Guest

Hey Rob,

Out of curiosity, how does one (such as yourself) determine if one is a shill in the TR or not? I understand that most are, but what if they are actually having a good performance? Or do you refute that as a possibility?

I am just curious. Once again, I know that most are shills, but I am asking about the rare scenario in which they could be legit.

Thanks.

Rob B
Guest
When the TR operator makes a trading call and you execute exactly as called, yet you lose money again and again, but some how the shill nails it again and again. I saw them them all the time in TRs, but I will tell you a true story. Another trader was telling me how he just losing money following the TR operators calls, but there was a member Henry (I forget his actual name) who kept making money. I said he was a shill and he is like but Henry seems so sincere. And I tell him, you just do… Read more »
Alex
Guest
Thank you for the detailed answer. I like the “what is Rob B. smokin” quote. Lol 🙂 In all seriousness though, I completely understand what you are saying regarding the TR shills and Kool Aid. If I understand your reply correctly, there are no legit traders in the chat of a TR? As in, no one that says they traded a “call” profitably is telling the truth? Also, you also do not think that there are any profitable TR’s out there? I do not want to be flamed for “arguing” since that is not what I am doing. I just… Read more »
Rob B
Guest
Is this the Alex that started the Gravity Trading Room that keeps no track record or shows any proof of profitable trading. Lets say a member made a profitable trade. What the hell does not show? Lots of people like to brag when they have a winner. The only thing that matters is if you can trade consistently profitable over a long period of time. And it is pretty much impossible to vet individual TR members, so the only one that can really be vetted is the person operating the TR. And as you have seen from this blog, virtually… Read more »
Alex
Guest
This IS that same Alex. I have been practically begging Emmett to review me and my room. I still am free as well. (still haven’t scammed anyone, despite being banned on Big Mike’s) I am willing to go on a Skype call and share my screen and go through my Trade Activity etc. and also prove my identity (since some have doubted who I am). Assuming Emmett reviews me soon, I think that some people will be relatively surprised. I have nothing to hide like I have said before. This is not an ad, but a response to you 🙂… Read more »
Cyn
Guest
You have already been vetted by multiple punters on this site. The near universal conclusion was that you are teaching nothing, and that what you are doing lacks any explanation to educate anybody, or even to allow sheeple to just mirror you. How are your followers to learn anything from you? By a Jedi mind-meld? If you cannot formulate and explain a plan to what you are doing, what then is the point? You never said why you do what you do. Your entries are never clearly stated. Your exits are even worse. What exactly do you think Emmett can… Read more »
Stray Dog
Guest

Maybe things have changed since I last visited your room Alex but Cyn’s summation is something you need to read and take action on if you are running an honest room.

Rob B
Guest
Cyn, You are right on the money. That was my experience and I even posted in Open Range Trader some of those exact same thoughts. And I will repeat that post here, but first. Alex give me a break. You wish to come across as this sweet caring individual with no ulterior motives what so ever, yet you are associated with GTR; one of the best con artist TR scams out there and I see the same thing being done in your TR. And you are associated with BTM before being banned running the exact same scam many of the… Read more »
Cyn
Guest

Sounds like the standard Trading Room con that they teach in “How to con a wannabe trader 101”.

There really is nothing new under the sun!

dtchurn
Guest
Good job guys stopping the fraud from polluting the commentary any further with the usual sham bs. This “Alex” zobeil/seilaff whatever, seemed to be pushing nice guy pitch to the newbs. He was hoping the backlash from those of us wise to scams would be negligible and obviously going for the freshest newbs generated by desperation each month from the dying middle class maxing out their last cc limits. Thinking that being the opposite from a David Adams would do the trick and garner some of the monthly churn newb market. I was also in the room for a few… Read more »
Alex
Guest

Then there is no need to be in my room, so don’t! Simple as that!

Anyways, I am done posting here until Emmett has reviewed my room.

You all are free to hate me or my free room, that is your decision, but I will not be caught up in it.

Cheers!

Cyn
Guest
You can certainly take that attitude. It is the attitude of a child, which, given your 18 years old age is not the surprising. Essentially, you are behaving like a petulant schoolboy saying: “If you do not let me win, I am taking my ball and going home.” Answer what was asked. I specifically asked you what you wanted Emmett to vet. Your trading shows no logic, and you only tell the sheeple what you did after you did it. What is there to vet? If you cannot explain your method, and the sheeple cannot even follow your calls that… Read more »
Rob B
Guest
I have to add if you could scalp ES profitable as you claim, you would be putting Rob Hoffman’s TR to shame with 10,000 members all telling everyone of their friends how they have to go to this money making TR room and the last thing you would need to do is come here and promote. My guess is most check your room out for a month, lose their shirt and leave. And that is the fact. Anyone than can scalp ES consistently profitable is not running a trading room and if they did they would end up with so… Read more »
Rob B
Guest
“Then there is no need to be in my room, so don’t! Simple as that!” I say, there is no need for you to continue coming here and promoting your nonsense. Simple as that! “Anyways, I am done posting here until Emmett has reviewed my room.” Go run your scam somewhere else. Good bye and Good Riddass. But I am sure you will sucker some fool into believing your nonsense. As I have said a thousand times, the devil does not wear horns and carry a pitch fork, instead he/she opens a free trading room and promises to generously teach… Read more »
Cyn
Guest

“The Devil” ? Really? Naaaah. Maybe, more like the Crooked Hillary. I hear that she has been hired to head the new Trump University.
🙂

Rob B
Guest

I hate scammers. I am sure he posted here thinking I and the other watch guards might be asleep at the switch and just let him slide by.

OK, yes, I might have thrown in a bit of hyperbole.

Rob B
Guest
I actually visited your free room awhile back. I saw no live statements, just bragging on winning days which where followed by big losing days. I even posted here some of those big losing trades. And then after losing I remember you talking about a mysterious overnight trade you took that made all your loses back. I think the trade was on ZB. I say no track record that documented all your trades. Anything less than a complete accurate track record of all trades is meaningless. And frankly from what I saw there is no way you were scalping futures… Read more »
Cyn
Guest

What education? I was in the room too for a few days. I also stated my impressions of his room, on this blog, on some other post.

Is he going to teach by Jedi mind melding? While I was in the room, he showed no methodology, and made vague assertions as to why he was making entries, and when he exited, without ever showing why. Again, what is there to teach?

Alex
Guest
I am not selling anything on the side. You can go and individually ask every single person in the room. Also, I must admit that your ability to screenshot my worst trade in several months is impressive. The free room has been around much longer than when you attended and much has changed. I have shown those that are still following me my track record. Rob, there is no point in arguing on here, right? Let’s just see what happens with Emmett’s review and go from there. I am positive that after vetting my room, he will come to the… Read more »
dtchurn
Guest
I can help answer that while I’m sure Rob has a good answer. This is the last stage of the kool-aid phase. You realize every vendor you’ve trialed is a sham and have realized a bunch of tricks they used. Then you hear a few stories or still yet more shill posts and testimonials somewhere that hey, but this guy is legit and is doing well. Then trying it out and realizing the “legit” guy had yet put on another show with more tricks whether it’s hacking the ninjtrader local db, or fuzzy .jpgs showing “statements”, or quick “entries” on… Read more »
Mike
Member

There is hardly an recourse for white collar crime hence why there are 10’s of thousands of these rooms out there, they know if they get caught they’ll pay a fine. The SEC and other regulators are constantly looking for money to pay themselves handsomely while spending their days on the golf course, if you’re a poor schmuck who steals a slice of pizza because you have no money you’re locked up for 10 years because the government can’t take any money from you and so you can’t contribute their lavish lifestyle.

Vlad
Guest

Well done for exposing the FX Chief! LOL. I stumbled upon him last year when that Bloomberg article was published and I was left scratching my head…how is this guy still able to operate?!

dtchurn
Guest
Nightmarish. No end to the horizon of this west-world sham. Newbs should take a pretty good look at the video and the 220 million ponzi article. These guys should already have been featured on American Greed. This is what a big vendor scam ends up looking like after skirting the law for so long and making it big from countless monthly churns of generations of retail newb rubes for over twenty years. Did your offices in southern cal look this crazy Emmett before they were shut down? Talk about a tyrannical small business feeding the employees lining up for literal… Read more »
Pete
Guest

Marker Traders Institute is like Al Brooks writ large. Al Brooks and BigMike are small players, nevertheless Brooks and BigMike embody the same Grinch-spirit of conning as these schmucks, bah humbug. Going all in with bets that Trump will drain the swamp of these turds in his first 90 days in office without any second thoughts.

rtchoke
Guest

Pete, read Emmett’s post above. Don’t count on the government to help the newbies out. We know you’re counting on Trump (really?), but he appears to be more focused on nuclear war that some minor trading room scum. As Emmett says above, ” As consumers, we should stop relying upon governmental agencies to save us from every little annoyance. People need to accept responsibility for making poor choices,. . .”

Pete
Guest
I disagree with the theory that individual freedom and autonomy allows for rational and fully-informed decision making processes, without any need for government intervention. Prositution and drugs were all legal for individuals to engage in prior to government intervention to prevent these societal plagues, where individual decision-making cannot be trusted. In the same vein, day trading vendors are a digital plague with a high rate of infection, leading to greatly increased risk of mortality.. Day trading vendors are ipso facto a danger to society and must be regulated out of business, as many well-informed politicians such as Bernie Sanders have… Read more »
Rob B
Guest
What bothers me about the regulators is they are giving the impression of regulations when there really is none. You either regulate or do not regulate. That way if they are not going to regulate they need to say this is a completely unregulated industry, so Buyer be Ware. But instead they half ass regulate, making you think these companies are regulated when they are not. They make them put on a completely misleading label saying the results are hypothetical. But the results they are posting are not hypothetical result at all. The results they post are made up fantasy… Read more »
Stray Dog
Guest
The problem with the half ass regulation that exists now is that social memory is still in the 50s when governments had enough money to fund the various regulatory bodies but those days are long gone. What we have is the facade without the people needed to prosecute those who break the law let alone ensure that everyone is complying with the laws. Who says that prostitution and drugs are social plagues? People want them because people like to have fun, it’s time to accept that reality. These are two industries that should be legal, regulated and taxed.
Pete
Guest

Good to see these guys were well-reamed by the NFA. Now I know why A Br—s is fearful of the hot poker AKA the NFA..Br—s could have previously been burned deeply by the NFA’s hot poker. Children around the planet pray to God and Santa Claus to deliver an update on Br—s,in the aftermath of the Futures.io interview with legendary cult-founder and Price Action fecal spewer Br—s.

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