Vantage Point Trading Software
Vantage Point Trading Software, a product that company salespersons claim is 86% accurate at predicting prices 1-3 days into the future. High-pressure sales presentation that recommends retail investors put the $4,900 cost of the software onto a credit card. Company salesperson stated as fact, “most people recoup the cost of the software within 60-90 days after purchase, from trading profits.” (telephonic recording)
Company salesperson claims that a “single mom with little to no trading experience earned $100k on her very first trade.” No evidence of claim could be provided. (telephonic recording)
TradingSchools.Org caught the company using a paid ‘shill’ that represented himself as a full-time professional trader using the software profitably, daily. It turns out that the paid ‘shill’ is actually an employee of the company.
Use of high-pressure, boiler room like sales techniques tailored to the financially naive. In my opinion.
Owner of the company, has no verifiable track record of successful trading, spanning over 40 years. We asked for verification, Vantage Point refused.
User Review( votes)
Thanks for reading today’s review of Vantage Point Software
What is Vantage Point Software? The company is offering a trading software program that claims to incorporate Intermarket analysis and artificial intelligence to predict where markets will be at some point in the future. The company claims that they are the “World Leader in Market Forecasting.” Nearly every single tradeable market is covered with the trading software. This includes stocks, futures, Etf’s, bonds and commodities.
The company proclaims that their trading software is 86% accurate at predicting the future direction of just about every tradable financial market. And that this accuracy is ‘proven’ to be accurate 1-3 days into the future. What exactly does ‘proven’ mean? Apparently, the company gave the software to several PhD’s, and various financial publications and they all proclaim the greatness of the software. Several of these financial publications include advertising partners: Traders World magazine, Stocks and Commodities magazine, Futures magazine, and various other smaller promotional magazines.
It is important to note that these magazines are all promotional magazines. If you have been around the trading scene for any amount of time, then you know that all of these magazines write only positive reviews of trading products. They are in the business of selling the dream, and each new month includes yet another positive write up about yet another amazing trading software product.
In fact, I challenge anyone to find an article, from any of these trading magazines that gives a negative review of any trading software.
About Vantage Point Software and TraderTech.com
The software can be found and purchased at TraderTech.com. A review of Archive.Org reveals that TraderTech.com has had an active website since about 2002.
Prior to 2002, the company was a very active advertiser with Futures magazine, Traders Magazine, Stocks and Commodities, and various smaller trading promotional publications. In fact, a review of archived and non-web published Futures magazine and Traders magazine reveals that the company has actually been selling the software since the early 1980’s.
What I find amazing is that Vantage Point software has been around since the 1970’s. Over 40 years selling software out of Tampa Bay, Florida. Quite a promotional achievement! Isn’t it funny how much trading software seems to spring out of Florida?
Louis B. Mendelsohn
The owner of the company is a person named Louis Mendelsohn. Personal computers came onto the scene in full force during the 1980’s, and it seems that Louis Mendelsohn was one of the first to jump on the gravy train of selling trading indicators and software to the general public.
Louis Mendelsohn describes himself as coming from humble beginnings. His personal narrative includes “growing up in a public housing project and tenements in Providence, Rhode Island in the 1950’s.” Somehow he pulled himself up by his bootstraps and escaped this blighted ghetto and attended Carnegie Mellon and eventually received his MBA from Boston University. Both excellent schools.
During the 1970’s, as a hobby, he began trading stocks and commodity futures. At that time, traders were still using a pencil and pieces of paper to draw charts from prices published in local newspapers. In 1977, while working as a hospital administrator, he realized that pencils and pieces of paper could not compare with the charting ability of personal computers. In 1979, he founded his trading software business and it was released as a program named ProfitTaker.
After the financial crash of October 1987, Mr. Mendelsohn released a new trading software product that took into account Intermarket analysis. He considers himself a pioneer in the field and developed the software because he apparently could see “hidden patterns” and his software was now updated designed to uncover these “hidden patterns.”
According to the NFA, National Futures Association, Mr. Mendelsohn was registered in various capacities including a branch manager of a futures company for a year (1989), and a commodity trading advisor for a couple of years (1988-1989). There is no negative information or reparations associated with Louis Mendelsohn. It appears that Mr. Mendelsohn withdrew from NFA membership in the year 2000.
There is no published track record of Louis Mendelsohn’s performance as a CTA (Commodity Trading Advisor). And there is no mention of Louis Mendelsohn’s individual trading history. A very long and wide history of “breakthrough software” but no individual performance summaries. The big question…has Louis Mendelsohn ever made any consistent money by taking his own advice? Has he ever been able to convert these supposed secret patterns and amazing trading software into actual trading profits? TradingSchools.Org attempted to answer this question by contacting Vantage Point Software directly. Unfortunately, the company was unwilling or unable to comment on the supposed trading performance of Louis Mendelsohn.
However, our interaction with company representatives of Vantage Point Trading software was quite revealing.
Vantage Point Trading Software: a well-oiled sales machine.
During the month of February 2017, using an alias, TradingSchools.Org requested a free demonstration of the trading software. Included in the free demo request are 3 pieces of information that a user must submit to receive the free demo: Name, Phone Number, and Email.
Once this information is submitted to the company, this sets off a chain reaction of sales related activity. The first thing we noticed is that a wave of phone calls began to immediately arrive. But here is the funny thing, the area codes for these incoming phone calls were not from a toll-free number, or from the company headquarter located in the Tampa Bay area. Instead, the phone calls begin to arrive from a local area code. We did not answer and instead let the calls drop into voice mail, where a message was left from a salesperson located in Tampa Bay, Florida.
A day later, and yet a different local area code, from yet another salesperson located in Tampa Bay, Florida. What does this mean? Why is this important? What is happening is a clever marketing gimmick. The company realizes that individuals are less likely to answer toll free numbers, or number located in different states. Most people dont like sales calls. And so, the company is injecting localized area code prefixes into the caller ID of the outgoing phone calls. People are much more likely to answer a phone call if the phone call comes from a local prefix, it could be an emergency call from a spouse, child, or work.
I find this really clever and eventually answered the incoming phone call.
Vantage Point Software: a boiler room situation?
After you pick up the phone call from Vantage Point Software, you will be greeted by a chipper young salesperson. The very first words mentioned to us were, “Hi, this is Kevin Garniak from Vantage Point trading software, and this call is being recorded.” I thought this cute and agreed. Little did he know, I was also recording the phone call. I record every single phone call.
The very first thing I noticed was the cacophony of voices in the background. I felt like the conversation was trapped inside of call center located in Bangladesh. I asked Kevin where he was calling from, he said Tampa Bay, Florida. Next, he started aggressively gunning into his rehearsed sales pitch. And what a sales pitch!
The first statement that he makes is that Vantage Point trading software is 86% accurate at predicting future price direction, for the next 1-3 days. That the software has been proven to work since the 1980’s. I kept my mouth shut and let him continue to spew his sales pitch.
Next, he explains that the software has been 3rd party verified and authenticated from various reputable sources (Traders Magazine, Stocks and Commodities, etc).
He then tells me that the price of the software ranges from $2,900 to $12,900 and that most people purchase the $4,900 trading package. Incredibly, he then recommends that I purchase the $4,900 trading software with my credit card. He next say’s, “Within 30-60 days, most people recoup all of their costs from trading profits.” I was flabbergasted at this statement, and the crazy part is that he consented to have the entire conversation recorded. This is the type of stuff that sends the CFTC into full action mode.
He didn’t stop there. Kevin then launches into ‘full promo mode’ and states that one of his customers, “A single mom with little to no financial experience made $100,000 on her very first trade!” I am just sitting in my chair, quietly laughing as entangles himself deeper into the regulatory web.
The sales presentation rambled on for over 40 minutes. It included screen sharing of the software where he gave picture perfect, hindsight trades where customers were supposedly making massive profits. Every so often, in the background of his sales presentation, I could hear loud cheering and clapping. I asked Kevin what that cheering and clapping meant, he explained that someone just sold a trading software package and the entire salesroom was congratulating the salesperson.
A short time later, I hear what can only be described as a cowbell wildly banging in the background. Yet again I asked Kevin what that wild sound was, he enthusiastically described that yet another salesperson has sold some sort of mega software package. I thought to myself, this must the $12,900 package, I really wanted to trigger that cowbell.
Of course, I had no intention of purchasing anything. Instead, I just wanted to string poor Kevin along and let him drop more regulatory turds in his underwear. Next, I asked Kevin if he could refer me to an actual trader that was using the software and was making profits. He said, “No problem, I can let you talk to a full-time trader, using our software and making profits”. He next gave me the telephone number of a person named Matt Golden with a 407 area code. I checked the area code…another phone number from Tampa Bay, Florida. I told Kevin that I was going to purchase the software package, but I just needed to talk with a real trader making profits. I hang up.
Vantage Point Software and the professional shill.
After hanging up the phone with Kevin Garniak, I next picked up the phone and called the front desk operator at Vantage Point Software. I asked if there was an employee named Matt Golden. The front desk operator confirmed that Matt Golden was an employee.
Next, I called the cell phone of Matt Golden. Wow, was Matt Golden more than enthusiastic about Vantage Point trading software. He explained that he is now a full time professional trader and that the software is “amazing, and it works, it changed his life, I just bought a new house with my profits.” All the while, I am sitting in my chair wondering…how many other people are falling for this ‘song and dance, bait and switch sales presentation’. Was Matt Golden the guy in background ringing the cowbell?
Reviews of Vantage Point Software
Of course, all of this is highly unethical and some might say is downright fraudulent. I won’t give my own personal opinion. Instead, I would like to offer some choice quotes from purchasers of the trading software. These quotes were pulled from the pages of Forex Peace Army. Its important to note that Forex Peace Army does have some positive reviews regarding Vantage Point software, but they appear to be shill responses from the virtual swamp of negative reviews. Lets take a look at what a few individuals have written about this trading software:
Very clever marketing & misuse of statistics have resulted in a product that looks and sounds wonderful with great endorsements, however it offers absolutely no edge in the market at all. I spent manny thousands of dollars & it was a total waste. I would even go so far as to call it a scam. Stay away !!
Vantage Point is over priced garbage. It cost me around $5000. Within 4 months my entire trading account was wiped out. I trusted this system to deliver and it didn’t. The accuracy was more like 20%.
Vantage Point in my opinion is overpriced and probably a borderline ripoff.
I have been attempting to find some value to using the VP software but I’ve totally failed to find any added value at all to using the so-called predictive indicators. Completely my fault that I paid $5k for the useless software.
Hello everyone thinking of purchasing vantagepoint software. I spent the money for the entire futures package and I am embarrassed to say how much it was because I was taken for a ride.
Ok, let me be honest. If you buy this, or any, software which claims it can accurately predict tomorrow’s range or tomorrow’s anything, THINK about it instead of dreaming about mansions and Ferrari’s. I saw those nice high numbers on their website about accuracy etc and thought “hey I can’t lose”. The bottom line is this: VP is one of many scams out there run by people who have no heart or soul and can sleep at night after robbing hard working people.
As you can read, these are some pretty nasty user comments. And there are many, many more.
Some readers might be tempted by the 14-day refund policy. But before you allow your money to be transferred out of your account, you should also read the page upon page of negative comments from people that were not able to receive their refunds, either outright or through clever linguistics contained within the sales contract. Vantage Point software is not in the business of happily handing out refunds.
What about those positive review websites?
It appears that a lot of people get drawn into Vantage Point trading software because they read a positive review from a third party website, that spoke highly of the product. But what you need to realize is that Vantage Point offers a very handsome affiliate program that pays generous commissions to whoever is referring traffic. A quick google search reveals many of the usual suspects.
As much as TradingSchools.Org loves to promote trading products, we wouldn’t touch this company. I cannot imagine my readers being subjected to that ridiculous boiler room of piranhas trying to weasel $4,900 from readers. As many of my readers already know, I am former boiler room guy that trained hundreds of salespeople how to rip off people from shady investment products. The sales operation of Vantage Point reminds me of everything that I despise about my old life. Just fucking lying to people for a quick buck and having no remorse for the financial devastation and pain that is inflicted upon others.
Wrapping things up
Thank you for taking the time to read this review. It was a bit of a long review, and I know that most of you are too busy for a 2500 word diatribe. But this company is obviously running a large operation and I wanted to make sure that potential purchasers of the product have the complete and honest story of how this company operates. As usual, its my opinion.
Your opinion is more important. And I would love if you would make a comment, or if you have purchased the trading software from this company, would love to read your story.