BetterTrades’s earns a 4.2-star rating from 15 reviews, showing that the majority of students are very satisfied with educational resources.
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Bettertrades scam
I was a student of better trades and here is what I have to say- their system is a total scam. I will tell you what happened and you be the judge.
I saw their ad for a 2 day financial freedom workshop. I was lured by their pitch and thought if there is something so risk free why not try it. This was in May 2008. Went to their " 2 hour financial freedom workshop". They apply high pressure sales tactics and call people who do not sign up for their 2 day workshop as losers.
I told the presenter that I did not have enough money nor the time to trade. They promised me that I can start with as low as 500 USD and if I don't make 3 times the course fees (I paid 4995) in 6 months, I will anyway get my money back. To cut the story short I fell for their tall promises. Before signing up I clearly asked the folks if I need to spend any more than the course fees they said that is all I need to pay.
After reviewing all their DVDs I went to the 2 day workshop and was shocked to see how I was conned. The instructor's main objective in the 2 day workshop is to do only 2 things- up selling their DVD courses, their asset protection program and their tools which would cost anybody in 10s of thousands more. They highly recommend to buy their tools and the 2 day workshop is nothing but a high pressure sales pitch for selling their tools for 2 days. The material they teach in their workshop can be found in any book or even better many free websites. You are basically paying [protected] in some cases) only to listen to their up selling sales pitch. I asked them to give me free resources and was denied. I have seen people spending 20 grand easily for their tools and DVDs in the 2 day workshop.
I called their customer service and asked about their promise of fee refund and asked about theeir promise that if I did not triple my course fees (making 15000 out of 500) in 6 months - this is what the customer rep said exactly- "Sir, the 2 hour workshop is a sales pitch sir - did you not see any other similar ads that did not work?". Great, that summed it all for me.
If any bettertrades folks see this and claim what I have written is not true, here is a challenge - pick your best so called expert, all the tools you have and prove to me that you can make 15000 out of 500 in 6 months. IT WILL NOT WORK. PROVE ME WRONG.
Here is something to think for everybody else. Think about it. If you know something that would give you at least 30 times your money every 6 months would you rather keep it for yourself or give it out to everybody? Let's just say for a minute that Freddie is the kindest guy possible on earth here is some more to think- you start with a 1000 dollars and make 30000 in 6 months. Then take that 30k make it into 900 k by the end of 1st year. Let's say 33% is your tax. You will be left with 600k in the next 6 months you make that 600k into 18 millions and take that 18 mills to 540 mills by 2nd year! Great if you want to join this program first congratulate yourself. You are going to be worth a few billion dollars in the coming 3 years, starting with a 1000 dollars and taking a course for 4k :) if you did not realize it till now that's what they promised.
The complaint has been investigated and resolved to the customer’s satisfaction.
rip off big time
Is better trades a rip off you bet your bottom dollar it is, after working for them for many years during witch we were supposed to get all the trading software and instruction for free. Ya that never happened, the entire registration department was let go with little warning. Then guess what we all found out that due to Better trades not paying unemployment insurance due to some legal loophole 70+ people most of witch had families found them selves with out any unemployment benefits, my wife and i worked for them for 7 years. trust me Freddie Rick is not christian he is not out to help anyone except himself mostly to your money
The complaint has been investigated and resolved to the customer’s satisfaction.
Waste of Valuable Money
I took the Better Trades Market Essentials trading course in March of 2010. For some, the $3, 000 cost of the 2-day class may have been worth every penny; however, I though it was a waste of money. I only took it because of the money back guarantee that they have. They do tell you in their sales pitch that if you do not triple your income IN 6 months, making at least 6 option trades per month (36 trades total), you are guaranteed to get your money back. What they FAIL to tell you is that the 6 months starts on the date you take the financial expo. How convenient for them to leave that small, but significant piece of information out. In my personal opinion, it would be best to invest the money yourself following the guide of investment experts like Jim Cramer or Suze Orman.
The complaint has been investigated and resolved to the customer’s satisfaction.
Is BetterTrades Legit?
BetterTrades earns a trustworthiness rating of 22%
Assess your risks. Protect your personal information when dealing with BetterTrades.
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Exercise caution when using bettertrades.com as it may have lower quality content or a poor user experience, leading to fewer visitors and lower traffic.
We have identified high risk financial services or content on BetterTrades's website. It is recommended that you use trusted sources and do your due diligence before engaging with any offers or services.
We conducted a search on social media and found several negative reviews related to BetterTrades. These reviews may indicate issues with the company's products, services, or customer support. It is important to thoroughly research the company and its offerings before making any purchases to avoid any potential risks.
However ComplaintsBoard has detected that:
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fraud and false sales
these from better trades, is going direfentes states sales bunchs d.v.d. and 2 days siminares for 3000 dollares it is accting and treke sales need stop . and they have financial serveces the call universal account services.llc is call me for deuth 3000.00 every singles day i paid almost 1500.00 but the interes is too high . for 10 . d.v.d. i have to paid 3000.00 dollar need to stop.
The complaint has been investigated and resolved to the customer’s satisfaction.
MAJOR SCAM!!!
Oh, yes, these guys are SMOOOOTH! Lured in by the promise of an "eductaion" in investing and a GUARANTEE that the process would be so easy that anyone could accomplish their goals in 6 months, and if you didn't, you got your money back from the training, who could resist?
Well, BEWARE - there is NO WAY IN GOD's GREEN EARTH to accomplish what they promise in the time allotted. Starting from ground zero with no investment knowledge, the required trades in the time allowed will either a) suck up all your investment money, b) freeze your psyche so stiff you are afraid to make a move for fear of losing it all, or c)make you so frustrated and insecure that you want to crawl under a rock for being so stupid as to trust these weasles and give them multi-thousands of dollars to throw you into debt for years to pay them - with nothing for you to even try to invest, cuz they get it all... on auto pay, so you can't even stop it!
Once they have you, you are committed to a contract that will suck your account dry. They don't care if you go into overdraft from their payments, they don't care if you've lost your job, your house, your car... they want their money for having spent two days of your life brainwashing you into thinking you can outsmart the investment world.
WHATEVER YOU DO, DON't GO THERE!
I did go there and spent the money to learn bout the option trading. It is imposible to get the money back in the six months, but it is very powerful information. Just take advantage of the information and study, study, study. After doing unfunded trades for over six months and failing left and right, I changed my system so many times. I know I could learn it even though every one I knew thought I couldn't and after a wonderful time it happened. I have been studying for three years and I started with $10, 000 and grew it to just over $400, 000. Get a system, a method and a plan that works and stick to it.
Workshop presenters Competence
I went to the BetterTrades 'Financial Freedom Expo' in St. Paul Minesota on Oct. 13, 2009 to learn how to get control of my retirement funds after being mislead by several brokers over the years. As my personal investment research has just begun, the first glaring bit of information that I learned was that the key failure that started the failure of the old Wall Street model was the result of the AIG corporation and its creation of a new department to capture the great profits that can be made by 'Credit Default Derivatives' which turn out to be very fragile financial products. As I was told very sternly not to interrupt the presentation with any questions, I waited until the' after presentation 'Hard Sell' time with the speakers assistants to answer the question, " if the core of the program is day-trading of 'Options', weren't 'Credit Default Derivatives' Options and how do we justify selling and buying such options which were such a significant part of the previous failure of our financial system? Three assistants didn't know how to answer my simple question and deferred me to a Gary Moore who identified himself as a Christian minister and who told me to trust in the program and who still didn't answer a basic question which I expected such 'experts' to know. We were told to hurry and be one of the next 5 people to sign up up for the very expensive program and get the home and live seminars for the same price. That turned out be not be true for all 20 participants would get the same 'deal' if they signed up. I asked for several local students' phone numbers who purchased their program and who I could call and ask their opinion of the program but was offered none. The pressure to sign up without answering our questions lead us out the door without signing up. Their presentation lacks depth and credibility. Patrick
The complaint has been investigated and resolved to the customer’s satisfaction.
Refusal of Money Guarantee
Just call me "SUCKER". I bought the product under much duress. I was in a lot of pain from my back after sitting thru their 2 hour presentation, so they rushed me thru the process, all the time assuring me that I wouldn't have any trouble getting my money back if I realized I couldn't do the course. After trying to do the studying and doing the fake trade...
Read full review of BetterTrades and 5 commentsHow Can This Be Legal?
I so wish I would have never heard of this company. I wanted to work from home and still make decent money. I thought stock trading would be the answser. I signed up with Better Trades and it's been nothing but a down hill spiral for me since. I thought with their money-back guarantee how could I lose. Well, the contract that you sign is so incredibly binding, there is no chance of getting any money back. In fact, you have to spend MORE money in order to have any hope of functioning in trading. The founder, Freddie Rick, says you CAN function with just the basic class and it's like the differece between driving a beater car or a Rolls Royce. What he was really saying was if you did not spend another $4000 at the class, you can't possibly do trading. Once signed up, you are bombarded with additional classes offered... all for a mere sum of $500 each plus your travel expense.
I studied diligently on a daily basis. In the first 6 months, I was no where near ready to make the amount of trades they require in order to get your money back. And don't think they haven't figured that out. My money was running out and I could no longer sustain the credit card payments they were charging me. I had no choice but to close the credit card which was only 1 month prior to the expiration of my contract. That should have been around $500 still owed.
It is now 1 month later and I received a bill for nearly $6000... that is not a typo! They are charging me over $200/day interest and compounding it. It is not likely in this lifetime that I would ever be able to pay that. They will ruin my credit which has always been excellent and are calling to harrass me several times a day.
I cannot figure out why the Attorney General hasn't gone after this company. If there is a class action suit out there, please sign me up!
The complaint has been investigated and resolved to the customer’s satisfaction.
thx Dave for your comment. i tend to believe you. your complain looks accurate. like the old adage says "if it looks too good to be true, is provably is". i am just glad they didn't my hard earned money. Besides, if its so easy making money their way, why are they teaching it instead of doing it?
I don't agree with the comments above. I bought the DVD's and attended some of the workshops. I have not made millions, but I did apply what I was taught and I have produced a profit. I think the problems come because people are looking for a get rich over night plan, like most lazy American's do. All Better Trades does is help educate people who are ALREADY interested in investing. If you not and you don't have the money to invest, you have no business trying.
How can you not like the advantage of knowledge, better tools for you trade? Again they never promise to make you rich, they only promise to teach how to better understand and invest your money. What's wrong with that?
When I call customer service with questions, they are friendly and helpful. They have delivered on everything they promised. They never promised to make me rich beyond my wildest dreams, if anyone had a working plan for that, why would they ever sell it. They also fully disclosed all cost to me whenever I asked. Yes you can spend up to and beyond $50, 000 purchasing classes and DVD and trading tools and software, but most people don't need those. I only use a combination to two of there products and that's all I need. If you get talked into buying something you don't need by a good salesman, who's fault is that? You really want to blame them, because you made a stupid decision? How is it any different from a car saleman who talks you into buying that big SUV when all you wanted was a small car that was good on gas?
I can't believe this, well really I can. I run across crooks everyday. I am a Consumer Class Action Attorney and we go after people that cheat consumers like this. We are always looking for people who are willing to stand up and be class action representatives and help us go after crooks like this. We never charge our class action clients any money whatsoever. My email is Chris@CLBrownLaw.com. Please contact me if you are interested in looking into this further. Thank you.
CL Brown
I attended thier Seminar. I found it to be a very interesting course, and a very high presssured plan to force us to buy thier software(an additional $8000.00). I did trade according to thier plan and lost many thousands of Dollars. I did qualify for a refund, which meant it still cost me $500.00 in course fees and interest in additition to my capital lost. I talked to other traders using the basic system, and not 1 other trader was successful. Before you attend a seminar, ask how many people have made the fortunes that they advertise. If you think it is easy to get a refund, guess again. Due to thier considering 4 combination trades as a single trade, you must make 144 trades in 6 months. Also, you have a small window of a few days to get completed monthly statements, have them notarized and sent in, along with your course material. This stuff is interesting, but does not work in todays modern trading atmosphere. Good luck.
Yes, here's another sucker, sucked in by BetterTrades' smooth seminars. Too bad these guys are aloud to stay in business. They have NO concern for their customer base, and in order to get any kind of refund, you have to provide a Notorized list of LOSSES incurred within the specified time frame... and then what? Even critical incidents in one's life, are not excusable in their eyes, as a reason for delaying the return of some of their products for refund... Refund? You gotta be kidding! They don't know the meaning of the word.
Class Action? Count me in!
Smokin' in the smokies
So I can't sleep and I saw this infomercial. I'm actually a finance student in college and I'm always looking for additional resources to help me learn. I came upon this review and I'm glad I did (but really, I literally can't afford the class, nor would I pay $3, 000 for any advice/tools that didn't come personally from Peter Lynch or Warren Buffett.
Anyways, the real reason I'm writing is I need to ask about your credit card interest. It seems to be greatly overstated. No credit card in the U.S. would ever charge $200 per day in interest on a $6, 000 balance. (I'm 99% sure it's illegal because that APR would be somewhere in the ballpark of 1200%)
You're APR should be low, but just for the sake of argument, if you have a $6, 000 balance at a 30% APR (that compounds every hour), your ending balance (with no payments and no additional charges, except interest) would only be $8, 099.11, which comes out to about $5.75 in interest per day. In fact, you're balance would have to be over $240, 000 @ 30% APR to have a daily interest charge of $200.
Big Time Scam
This company almost got me, I've attended this seminar only the found out that they want your life savings that you had worked for your entire life. These people are very smooth and fast talker and they want you to believed that you will be making a lot of money by investing their expertised, totally bull. You don't have to be a smart nor wise, because its so obvious that anything like these that involved large amount of money is scam. They want you to invest right out of the bat for $5000 for their software and support about buying stocks, if these are real making money, why do they have to go from state to state to sell their knowledged about how to make money? why can they do these by themselves and pass it on to their relatives or love ones. Please do not be decieved by these scam bags.
I'll wait for a class action suit. I'll keep in touch.
I totally agree with this post. They almost got a member of my family to invest, so I decided to do something about it. I live in the Chattanooga area, and attended their conference. I used some of the postings on this board to create flyers, which I handed out to everyone in the conference. Well almost everybody, they put a stop to it before I could get to everybody. Then I verbalized a summary of the contents for the remaining people. I don't think they had any takers in Chattanooga, but I'm not sure because I was promptly removed. (They were really really angry). Thanks for you post I couldn't have done it with out the info. It's time we all stand up for ourselves, so that people like this don't just come into our communities, and scam us out of our hard earned money.
Better Trades is nothing more than Wade Cook repackaged. Look up Wade Cook, there's plenty on him out there. By the way, he's serving time for tax evasion.
Couple of points:
If Better Trades was that good, why don't they just post their annual returns on their website, so they can PROVE how good the methods are?
If they do infact make money, why are their seminars so expensive? You'd think they offer them for free or enough to cover cost, since they are such nice people.
Lastly, the "trades" they show in their seminars are hand picked, such as the "past" senarios used in the Trader Forge seminars. All one has to do is pick a 6 month span of time during the 90s and everything went up, boom, you feel like a geninus at Trader Forge.
How do I know any of this stuff? Because I was dupped into the whole Wade Crook Wealth University thing and meet nearly all of the Better Trade instructors, the majority of whom don't even know how to trade.
How much did 18 months of training cost you at Better Trades? I know 6 months now costs $3995.00.
I trusted them and was sucked in by the money back guarantee which is by all means a scam. Let me explain.
In order to get the refund you need to average 6 options trades per month for 6 months and they all must close in that time frame. As you go over the material one of the first things they teach you is that options trading is only for advanced traders and beginners should avoid it. The second thing is that options trades last for up to 6 months. This information is never given to you at the initial meeting, they simply state that you will make 3 times the $3995.00 or get your money back. I know, I asked the person that ran the meeting to please verify the guarantee before I shelled out the money for my wife thinking that if she did as she was told she would be successful in 6 months. The next to impossible details were never given to me. In 4 months she has made a little over $300.00 on standard trades starting with $7800.00 in her account.
The two day seminar we bought was based on the software they sell for thousands of dollars and very little is covered on how to succeed without it. You then attend on line classes that last just over 6 months which you can review into the 7th month. After that you can renew them for 3 months at $1295.00 for all or $99.95 each.
On the plus side I found their tech support to be excellent when problems getting into the classes on line did have issues and no, they were not issues caused by Better Trades. You can also attend the 2 day seminars as many times as you want for $100.00 and hear all about the great software they have.
So to sum it up, your investment gets you DVDs and CDs with basic information. A two day seminar that fully covers the software you don’t get and 6 months of on line mentoring that disappears in the 7th month setting you up to shell out more cash since you still haven’t really learned much from them at this point.
Bottom line in my opinion is to avoid this training. $3995.00 is way over priced for what you get and can buy a lot of books that will train you just as well if not better. This is the path my wife will take from this point on.
If you signed up in the last 3 days I would highly recommend canceling immediately.
So you did not sign on the dotted line to participate in what Better Trades was offering as a way to financial freedom. You never participated in any of the programs and know little or nothing about the content of the courses, classes, seminars or the lifetime support from the team when you need it. EDUCATION RULES !, however you have to work your butt off to get educated.
I have stayed in contact with most of the group I attended the live workshop ( 3 days ) with and there is only a very small group of us left.
There were many reasons why so many dropped out, the # 1 reason was they just could not understand, comprehend or have a knack for learning about how the stock market works. They also said they could not dedicate the time it would take to study. Others said they ran out of money to trade. On a personal note I had enough money to stay in the game. While I was still in the 3 day workshop and looking around the room and talking to people I wondered how many would stay committed. Not very many as it turns out wasted money on a dream to financial freedom..It's too bad that you can't try on the dream first.
There are several places that offer the same resources as Better Trades and some are free and some are just as expensive as Better Trades. All these places offer to educate you. Get it, educate you, not spoon feed you or wave a magic wand over your head and declare you a trader. Now go forth and sit on the beach sipping umbrella drinks while using the mouse making profitable trades on your laptop...CAUTION, CAUTION...Don't sign up for BETTER TRADES...Better Trades does not, at least I didn't take it that way..What I heard were the results you can achieve from hard work and desire to succeed.
So what motivates you to want financial freedom ? I wasn't looking for financial freedom. My financial planner and my lack of hands on management of my retirement funds is what prompted me to find a way to stay retired. I was almost broke and could not work if I wanted to due to health problems. Sounds like a Financial Freedom Expo doesn't it. ? However it is the truth. So by these circumstances whatever I decided to do, it was life or death and the poor house and a dented ego usually associated with lifetime of failures. I decided I was not going to have any of that, so I took a GAMBLE and signed up with Better Trades two weeks after attending the EXPO.
You are wondering ? Has it worked for me and the answer is yes. After roughly 18 months of study and practicing I have earned on average $3, 000.00/month for the last 6 months. This is profit even after a few losers. Of course I lost money, this happens in the stock market. The one thing I do quite well is manage my risk.
Good luck to all and to all a HAPPY NEW YEAR !
Seminar
I went to one of their seminars in Concord, CA on Tuesday because I was curious about the product. I have been trading in the market for several years and I'm always looking for an added edge. I found the Better Trades product to be far too expensive for what they offer. Their CDs and DVDs can be found on Ebay from individuals who are trying to retrieve "part" of the $3000 -$4000 they spent on the same course.
Much of the information Better Trades offers can also be found FREE at the following website: http://www.mysmp.com/options.html
Do yourself a favor and research this site. It will save you from a $4000 mistake, and it may answer some questions about trading.
The complaint has been investigated and resolved to the customer’s satisfaction.
Smart people. Headquarter in Las Vegas to avoid law suit. They even said that during seminar. Any class action lawsuit yet?
Fraud and lies
I went to their introductory seminar and was told all you need to start making fantastic money was their 'Market Essentials which was around $3000 if you didn't have that amount you simply could pay $999 and the rest would be in monthly installments for under $150 per month WITH NO INTEREST. Of course I signed up received the CD's and scheduled to go to...
Read full review of BetterTrades and 8 commentsJan
I went to a free " Bettter Trades " product promo " last night . These people had 100% of my undivided attention throughout the 2 hour presentation . I recall them using the terms of "bringing Wall Street to Main Street " . Do to the recent corporate including Madoff scandals, retirement accounts wiped out etc. why would " Main Street " want to continue to be fleeced by these " fat cats " with Better Trades ? I didn't purchase the program and I hope that no one else present at the promo did either . As we all should know the credit card industry are not the friendliest people to charge $4000.00 to if you can't pay it off within a month . I came home and " googled " the Better Trades name in the search window . I got more information with terms like complaints, scam and rip-off which brought me to ths site . Thanks for having this web-site . Better Trades almost had me . They featured success stories using Better Trades .
I've read that those success stories are outdated . This is just another factor that you simply can't trust anyone ; Wall Street, your broker, homebased business products, etc. We live in a society where morals and values are a thing of the past . It pays to do your homework before handing over your hard earned money to scam artist vultures .
Not a Good Deal
This company charges an arm and a leg for seminars and services...the value isn't even close to being worth it. I am a 56 year old and have taken their seminars and spend hundreds of hours trying to make it work...it is a big flop. they made it sound so easy and so step by step yet... it is not so.
You are not given enough time on the so called " Mondy Back Guarantee" it is a farce.
I would strongly advise you not to waste this kind of money. It is mostly hype.
I am so sorry to have wasted so much money with them. There are alternatives that are a much, much better investment. Do not make my mistake.
Truly I am devastated by this rip-off. John West...Powder springs, Georgia
The complaint has been investigated and resolved to the customer’s satisfaction.
Unfortunately, I am a financial professional in a related field so I am formally educated with equity trading. However, I am no specialist with options trading. I find the area of option trading very interesting and profitable if a person has the right training, skills experience. I agree with many of the people complaining. The quality of their products and training is very pricey, yet so not a quality product. Their products are a rip off and I asked for my money back. Someone needs to sue them for their unethical approaces to market trading. I know the bettertrade approaches to trading does not achieve the success that the instructors leads you to believe. Do not waste your money with bettertrades. Invest in a formal education and you will get the best return on your money.
I took the bettertrades course and found I didn't have the money to make my money back in six months. I needed a little knowledge before I went into it. It works, it really does but it requires more money for software and time. I know it works because I tried it paper trading and made money.If I had had more money, I would have made more money. the software they offer is as good or better than most brokers' have to offer. I have EXTREME CHARTS and it's not so good but it's o.k. A bit overpriced too. Everything else is good from what I know and see. A college course may cost more for this wealth of knowledge. You also have to have the right attitude and be in a good mood. I could pick them to death if I wanted to. I could pick my broker to death but I do it constructively. If I have a problem I let them know and ussually it's resolved, if I don't like it, I go elsewhere.
Like everyone else my job has been going down the drain a little more everyday for many years. I almost spent the last money I have as a last attempt to get my out of the rut of living pay check to pay check. After reading this I will be saving the money and live within my means. Hopefully the economy turns around and people start getting their jobs back and we can all do our jobs and make money the old fashioned way, Hard work. Thanks for the information. It saved me lots of money, credit and hours of wasted time.
Rich you are a complete IDIOT! The Better Business Bureau? Hahhaha you stupid idiot! The BBB is funded by businesses and they have NO authority to do jack. You need to figure these things out you ###. No wonder why Better Trades took your money. You're a sucker!
You people who fall for Better Trades or ANY INFOMERCIAL ARE IDIOTS AND YOU DESERVE TO BE TAKEN. Get it straight -- ALL INFOMERCIALS ARE SCAMS..GOT IT?
I am a Wall Street professional and one of the leading investment minds in America. And I can tell you that these guys Better Trades claims are "the best trading experts" are bozos. Not a single one has even worked on Wall Street. They are some clowns who trade out of their mom's basement (probably with their mom's IRAs).
You need to file a formal complaint with the US Attorney General and the Postmaster General.
I went to the seminar and he said one of his children had the disease. At the end i watched a bunch of people run up to the table and sighn up. I made a plan before i went, i was going to go home think anything over before i would sighn anything. I knew when he said today only, this special price of sighning up. Yeah like they wouldnt take my card a week later. I am so glad i thought about it and found this sight. It sounded to way to easy. I would love to talk to one of those people who almost running to the table. Thanks a lot you saved me lot of money and frustration.
Hey Jimmy Johnson,
What, you have not made enough money in Football? Now you have to scam the unsuspecting and naive public? Why dont you put on the air some of the unsuccessful stories of Better Trades? Why not put the "results not typical" claim in huge writing across the screen instead of writing so small that you can't read it with a magnifying glass? Why not just E-mail people telling them that they have just won the such and such lottery and just send us a couple thousand dollars for the processing (better known as the Nigerian internet scam)? What you are doing is just as ethical and barely as legal.
I'm glad I finally found this website that explains EXACTLY how this FRAUD company swindles you out of your money. I'm still amazed though, how they got Jimmy Johnson, a well respected and Super Bowl champion coach, to help sell this product to the public. I was just about to go back to purchase the program, after of course arguing with my wife that this is a good business opportunity and I should take up on it. Man do I feel STUPID NOW! Everthing from the previous blog about "beware of this con artists" is ABSOLUTELY TRUE! Lucky for me, I took the time to find this website to tell me like it is and now I know I just saved myself $3, 995.00. I somehow managed to convince my wife, to spend part of our savings on this program. Now after reading these blogs, I think the Better Business Bureau or the FBI should go after them! They really laid it on me and the other people at the seminar, who quickly bought into the program right after the ring leader finished speaking his scripted monolog. And just like the blogger before said, he laid on the "christian" angle at one point saying exactly, almost word for word, saying "thank God for me in finding this company!" He even went as far as saying that he had to go through an experimental treatment for bone marrow transplant in Texas, for Lukemia, and that it required the use of embylical stem cells to save his life! All I can say after reading the blog before, if he made this illness up for the purpose of getting this product sold, may he one day pay for his evil lie, and may God forgive him because I never will! If I were a more aggressive person, I would probably go back to this seminar only this time with the FBI or the Better Busines Bureau. It is sad that in this day of people really needing help to look for jobs, these evil MONSTERS have to prey on innocent victims. Thank God I didn't become one of them! As they say " you live and you learn" and also, " if it's sounds too good to be true, it's because it usually is!" Thank you guys for the heads up & may a good blessing come to you all!
Too expensive
I have attended expensive classes and they are not necessary to trade the stock market yourself from your own home. Please, do not waste your money. Study the chart signals like moving averages and the candlestick signals. They tell you when a stock is set to take off either up or down. My wife and I did make $10, 000 to $15, 000 a month for five months before I became disabled with an anxiety disorder. So, I know it works and it can work well. Don't let these types of classes scare you off. You can make a fortune if you do it right and there is free or cheap education all over the internet to teach you how.
The complaint has been investigated and resolved to the customer’s satisfaction.
Bad for me, I all ready paid that money. I know now that you guys are right.
Did the gentleman doing the complaining ask for his money back? I'm
sure you received your guarantee of triple your investment in 6 months.
Did you get your money back? Did you follow the instructions to the letter? That is all they ask is for you to follow the detailed instructions and
if you do that and still fail you are entitled to your money back. Quit
whinning and get your money back. Obviously this is not for you.
Beware of this con artists!
This website saved my butt! Of course I suppose there are two sides to every story, but these are my own honest opinions and impressions of Better Trades.
I've been in sales most of my life and these people are good... almost had me sucked in and I used to write about scams! But hold on to your credit card and the $2,995.00 plus $6,000.00 more for trading software ($8,995.00 total) they say you don't need but do.
These people are smooth... I attended the free seminar in Las Vegas where a girl filled out my name tag in BIG letters you could see from Mars. Then about 40 of us little naive lambs were led to the slaughter. The Ringmaster spends the first half hour talking about himself, the hardship of taking care of a sick child etc. How he met a Better Trades honcho who invited him to a seminar and Shazaaam! His life was changed Halleluha (sp). Then he threw in clever words like, 'I'm blessed' how Jeses used such principles...'believer' etc. These are sales techniques used to imply that he's a good guy, perhaps a Christian...yet subtle enough not offend non-Christians, thus pleasing both sides. Then he uses the oversized NAME TAG plastered on each attendee's chest to call everyone by their first name...'Isn't that right STEVE?' You're a working man, right GREG?' Stuff like that to make you feel subconsciously that's he's your friend. But of course he's not. You don't even know the guy. He's a stranger... worse... a preditor out to separate you from your hard earned cash.
Then he goes into the presentation...shows basic trade stuff (channeling stocks etc.) Then he shows testimonial videos...most or all, I'm told by a little bird, are company employees...(although I'm sure they'll find a clever way around that complaint) Hey, I used to work in the infomercial business...we used 'shills' fake people all the time...we put them to work and made certain they succeeded.
Then they allude to the fact that the heads of this scam company on the video will be your instructors when they have you come back in a couple of weeks for the 2 day 'seminar.' NOT! It's some guy they hired on their website under 'Job Opportunities'. Then finally the price! In the last ten minutes he hits you with the $3,995.00 price tag that you can have TONIGHT ONLY for $2,995.00 Yeah, sure. I suppose if you came back or called a week later with your credit card...they would say 'I'm sorry we can't take your $2,995.00 now. Yeah, right.
'And of course don't forget to get your free gift when you leave tonight.' Come on, I knew I wasn't hanging around the entire 2 hours (actually 3 hrs), for an IPOD, (my incentive for staying through the entire presentation). But come on... the 'free gift' was a shlocky DVD infomercial of THEM! I suppose one last ditch sales effort.
BUT NOW THE BEST PART:
The 'Positive Posts' of Better Trades students on this sight, allegedly put there by happy satisfied traders. Ever wonder why the positives out-number the negatives on a 'Rip Off' sight. It's called damage control! I know, I used to be head of damage control for a company. Most of these companies are accustomed to the heat, so they have people monitor these sights leaving good posts as damage control under different names and emails. I suppose for the Better Trades guy this has turned into a full time job.
FIRST: Why would satisfied clients take the time to go to this site AFTER the fact? After they already have purchased and were happy and successful?
SECOND: Look at the language used in the positive posts here... It's all BETTER TRADES lingo... sounds like a sales pitch right from the company.
THIRD: They are excellent spindoctors... using psychology to make people who complain think it's their fault... with statements like...'these people misunderstood...it's only to educate' 'You have to apply the principles yourself.' 'Options trading is hard.' (The Ringmaster at the free seminar sells the Better Trades program on the premise that they make it easy.) Otherwise why am I spending all this money with them.
FORTH: Notice how these strongly suspected fake positive posts are written... not only in their lingo, but they throw in a LOT OF typos to persuade you that they are just the average 'Joe' or 'Jane' who took this course and made tons of money... and not professional Better Trades damage control operative.
FIFTH: These 'shills' talk about the guarantee. The guarantee is that you'll make back 3 times your initial $3000.00 course fee in 6 months or get a refund...just make the required number of trades. Well, they claim you can start with as little as $500.00! Wow, if I could turn $500 into $9000 in 6 months...that's something like a 18000% profit. I'd be on CNBC with my own show! PLUS, how do they know how much money I have to even invest! Also, do they reimburse you for all the money you lost while trying to implement their bogus program.
SOME LOGICAL QUESTIONS TO ASK YOURSELF:
QUESTION: Why do they not allow questions in front of the open group so everyone gets the benefit? (All questions must be private)
ANSWER: Because questions (although they have clever scripted responses) cause people to think! And may spur more questions they can't really answer like...'Do I need to buy anything else after my 3000 buck toss of the dice?' 'How much is all that?' 'Do you have other students in the local area who have been successful and can I contact them!' That question alone would throw them into a coronary!
QUESTION: If they want you to truly succeed, then why not tell you what the FULL total is to buy their complete bag of tricks? If you really want to help people, why not let them know the full potential cost? Yes, I hear them now... you don't need all that expensive software to succeed. BULL!
ANSWER: Because these con artists are well trained to get at least $3000 out of you before you leave the room. If people knew the real cost they would be tripping over each other before the Ringmaster could say 'Howdy!'
They run at least 8 free seminars in each city per run. If 30 people attend and they only get 2 per free seminar to sign...that's $54,000.00 not to mention that half of the 16 purchasers buy another $5000.00 of software on average, that's another $40,000.00 for a total profit of about $94,000. Not bad for a two day seminar! Not to mention all the other revenue they generate with $99.00 classes on line. And these guys go from city to city all over the country. Hey I want to buy stock in Better Trades! Who needs to invest in options making this kind of dough?
QUESTION: If these mentors, teachers, trainers etc... are suppose to be the experts in options trading...then why aren't they just DOING IT! Like the Ringmaster explained it...'You place a few trades late at night with a few limit orders, then let it trade. Buy low, sell higher, It's all automated at that point...takes the emotion out of it.' Why aren't these 'expert mentors' trading themselves to riches an hour a day like the company alleges we all can... and then heading to the beach...or a game of tennis, instead of hanging on the phone for hours each day working a full time job at Better Trades or at the computer 'mentoring' gullible people on trading their way to financial nervana in options. Wouldn't that mentor guy just do it for himself? Why does he have to work for Better Trades anyway if he's the options expert making all this money.
ANSWER: He believes in Jesus and helping people! No, wait a minute that's thr Ringmasters line. No, he's working as a Better Trades employee because he can't do it! But he he can tell you how you should do it, using your own money... And if you lose all your money (It's happened), then you must not be applying yourself or buying enough overpriced software... 'Hey pal, we can't guarantee you'll get rich...you got make keep taking more classes at 99.00 a pop I guess. This option stuff is hard work!'
QUESTION: Why do they keep changing their company name?
ANSWER: Many scams have frequently change their name because the heat gets too hot on them...their company name gets connected as a scam after so many ripped off people funnel through and complain. Better Trades used to be called 'Short Term Long Term'...or...'Long Term Short Term'...whatever, until they changed it to Better Trades in 2006.
CONCLUSION: You wonder if these people have a conscience? How do they sleep at night? I suppose they rationalize thet they are simply offering educational services. But certainly they must know how they are hurting people. I guess the huge amount of money they generate from these seminars is the anesthetic that numbs their hearts.
Still, their are some basic truths in this free seminar like 7 out of 10 people lose money in trading...and that the options business is exploding. But after trading options a long time...I've learned that all of the fancy software in the world and all of the overpriced scam options seminars (Yes, they are all rip offs, or let's just say less than honest), I've learned that nothing can replace good common sense when researching a stock...oil goes up when hurricanes approach...good earnings usually yield a rise in the stock, bad earnings the opposite...growth companies with momentum usually return a good yield... 'Hey, any dope could tell APPLE would go up! I split up my portfolio by chosing good companies with good valuation (there are plenty) and invest them long term which for me is 60 day Call options just in the money. Then find companies with a little bit of volatilty...buy Calls and Puts. Everybody knew Beazer and KB Home were headed down considering the real estate market these days. All it takes is research on your part! Read books...study the good stock websites like Stockpikr etc. Jim Cramer is no demi God, but he offers a lot of tips on good companies and tells you to do your own research. Watch Fast Money, get the opinions of some of the top brokers. Watch CNBC, and if you work during the day, tape it. And let's not forget the main reason why so many people are playing options and making money these days! THE INTERNET! There is a wealth of research info on the Web! Most of it free! Charts and all.
I'll watch for the Better Trades damage control guy to post his response under the disguise of 'Another Happy Customer'. I'm sure he'll have a clever come back...but they can't fight the truth. Like the Good Book says...'And the truth shall set you free!'
So take that $2,995.00 plus that you would have given to these Better Trades con men, do some basic research, watch the weather report, and put that money to work in the market for yourself instead!
Hey you're already $2,995.00 ahead!
The complaint has been investigated and resolved to the customer’s satisfaction.
Also, , they dont tell you up front the software you are paying for is every single year . You are " renting " the software. After I found that out and called about getting my money back was when I got the "speech" about, , , well, , , college costs money for education and thats what your paying for !. Funny none of that important information is told upfront !
I bought in to this program in 2007 and dragged my feet into implementing the things they sold me until about 2009 when I sat down and watched a good portion of the DVD's you get when you purchase. I didn't opt for their website or brokerage service as I felt there were enough alternatives that fit my trading style better and were more cost effective. I did manage to grow my cashed out IRA up to double it's value before my own stupidity and stubbornness decided to rear their ugly head. Nonetheless, if you're motivated there probably isn't anything they teach you that you couldn't learn on your own but at the time I deemed it worthwhile and when I'm back in a position to take advantage of it I will resume my trading with a better understanding of making sure you can unwind your position if things start to go south. The strategies I was implementing were selling puts and covered calls once the stock got put to me for the price I selected and that proved to be very profitable, I can only imagine now that there are weekly expirations how much better it might be to not be holding anything for a full month to get the most intrinsic value out of it but that will be something I will have to spend more time with.
I did better trades, the money back guarantee is for 30 days. I lost 4, 000 dollars. This is a scam period. Their not trading stocks their trading options. The only people who can trade successful is the federal government, they do insider trading with the treasurer secretary. They know which stock is going up and which stock is going down. All the rest of these so call day trading gurus are lying. They are all scams.
Guys only way to stop this company from cheating more hard working people is by reporting to Better Business Bureau (www.bbb.org). Go to their website and search for Better trades Atlanta. Report to them with what you have gone through with this company. The more complaints they get, the more this company will get investigated.
It is not a scam. You have to pay for education. People pay 100K to go to school and don't get a job. Is school a scam? People pay to get a degree in finance work for an investment company and they lose your retirement. Is that a scam. I have been learning from there instructors for 5 years. Through the recession until now. This is the best education I have ever received. Better Trades has taught me to be responsible for my own financial success. People who don't want to pay the price for success always want to talk about how people who are successful cheated somebody else. If you want something that is valuable you have to pay for it. All of you negative people keep on talking amongst yourselves while I continue to learn how to be financially responsible for myself
I am over three years and $8000 too late finding this venue. I think I am somewhat intelligent, but I fell hook line and sinker for this scam, a slick production but a scam is a scam. I have always felt that advertisers hired folks for testimonials and they could not be relied upon, but hope springs eternal and there are vultures everywhere to exploit your misery and your hopes. I could see the demise of the real estate industry coming and fell sucker to one of those late night pitches, looking for a new direction. I mistakenly thought I had honed my analytical skills and could not be fooled. Should have known that is the first step in getting hoodwinked. I thought Bettertrades had run the gamut in my area because I have not seen an infomercial or any other kind of advertising anywhere. I must have had a red "S" on my forehead because I was talked into buying everything. I rapidly got offended when I found that every encounter with Better Trades staff continued to cost me dearly and I was so far into the program with no results, I could not qualify for the refund. For years I rationalized that "education" costs, but I rapidly found that a wealth of information on trading options was available for free and I could get personalized instruction for a fraction of what I paid Better Trades. This encounter has made me very, very suspicious but my scam radar is working fine now
I did it and made 20000 the first year. Praise the Lord! I'm a truck driver who does it very part time. It's no scam. I started making money after the beginning free class. After I did the 2 day course on Apr [protected] and listened to the cd's over and over while driving and it started sinking in. I paper traded like they teach on strategies that I didn't understand then I started trading for real. If it didn't work for you it's your fault not theirs. The info they give takes you miles ahead in front of reading and studying you would have to do own your own. IT DOES COST MONEY. I made just over 12000 the first 6 months, so there guarantee was not needed. I found a book from one of the instructors from 1998 on Amazon and it is a lot of what is taught in Better Trades. I listened to that instructor online in 2009 and what he taught showed me that for at least 11 years this instructor has been doing what he wrote about. It is NO scam. I only bought the charting program and it has paid for itself many many times. It takes studying and work, but it pays off. Curtis H.
I first saw their advertising in the Kiplinger's magazine since is was interested in the Energy Crisis 2.0 article. But its like my mom use to say...If its to good to be true it probably is do your home work before you jump off the wrong cliff. I did not invest or even register with them and took that advise and started going through various search engines on reviews and news about the company. I did not see much about them but noticed a few sites with a lot of people venting about them. Also as some one who trades shares on the market I like to research companies before I invest looking for criminal investigations cash flow debt business models to see if its a good company that the market just loves to hate and has seriously undervalued stock or if its a company that you avoid like a plague. Anyway back to the subject at hand. I noticed many complaints but when I went to the BBB site its showing a rating of an A with no complaints. Unfortunately many of these sites I see the venting on can be challenged with credibility. If you guys really want to add some legitimacy to this file complaints with the BBB on their site and get them to investigate the company. If what everyone is saying is true then they will get the ugly F mark from them and who knows if enough complain and it makes its way up on the hit list from them might even get into the news as well. All I am saying if you all got complaints take it to the right people as well.
Unfortunately, I, am one of the unsuspecting people who went to the free seminar and eventually bought into the 2 day workshop and spent the money that I really didn't have! It's funny because they used some sales tactic that if I came with someone else who attended the 2 day THING, we would pay 2, 995 each instead of the 3, 995. Whats amazing is the gaurantee...what i realized is this, if a company you are thinking of buying into doesn't offer a full no questions asked money back, don't get involved. But yet another thing I realized after i spent the thousand down and got sucked into the payment plan for the balance, the little information they...teach...in the 2 day THING, you can learn all that and more for free on the internet! I learned so much more my first year of trading and losing my entire account, (which was between my wife and I), than I did at the 2 day THING.
There is no need to buy into that company or any other for that matter. There are many people out there who are hurting and just want to have more options in their lives...they shouldn't be sucked into a company that is great at selling goods rather than good at helping people create options!
And why is it that after you buy into them and their so called better trades system, there is so much more upselling?! The constant upselling is rediculous. Each coach has a class their doing and thats another hundred to two hundred bucks. Then theres the annual meetings/summit and stuff! Come on! The newsletters and articles, and yadda yadda yadda! Many people here who said save the $3000 is right! Think about it, you spend 3 grand on their 2 day THING, then you gotta have a funded account, which the average broker wants at least a $2, 000 deposit. So you're looking at 5 grand right there if you didn't buy anything else from them, and that's a big if! If you, learn as much as you can online on trading, psychology of trading, money management startegies, you are well on your way. You have 2 grand to fund an account. Say you blow the account, ok, you picked up a few things about trading, theres another 3 grand there to get back on board! Save that 3 grand!
I'm back in the saddle with a very small account but with a different mindset and set of rules to trade by...and it was nothing from 'better trades.' My beef is this, if i'm going to dish out 3 grand like that, let it be on a coach who takes me by the hand for a period of time and walks with me in the trenches! THAT is worth 3 grand, not some 2 day THING and constant upselling! And I reiterate, I learned more outside of 'better trades' than I did with and through their system! Trading is very lucrative and yes, also very fun! Take the time to learn as much as you can on the basics, and start small, and never stop learning! YOU WILL CREATE MORE OPTIONS! And you don't have to pay better trades to sell you someone's 'humble beginnings!' We all have our own...create your own success story for someone else that don't have to pay 3 grand!
I wish I had read this prior to spending my money. And they are even more clever on the money back guarantee. They suggest you practice until you get 10 in a row profitable "paper Trades" before placing real trades. by the time you finally get here - there is no chance to reasonably complete the number of trades required by the deadline to get your money back.. However, the education material is decent, and I have been able to make a few very profitable trades. (I have not yet made back my "investment - and the amounts are a lot higher now. I think I spent about $7000 total.
BTW --- after not hearing from tem for over a year - they have started emailing me to come back...NBL!
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I concur here. They cost me 10,000 plus during this same time period. Complete scumbags and I am still trying to recover to this day. They should all be locked up for what they did to people.