Market Traders Institute Review: Is Markettraders.com Scam or Legit?
Market Traders Institute claims to be a reliable and profitable online portal for learning how to trade the money and stock markets properly.
They are supposed to transform rookie traders into professionals with their vast collection of ”resources” which they say can’t be found anywhere else.
But a close look into what they call ”resources” are everywhere on the internet, including in your broker’s chart.
Also, Market Traders Institute has received very bad user reviews and ratings since it set up shop in Florida and extended its activities on the internet through this domain — https://www.markettraders.com.
In fact, no one says that https://www.markettraders.com/ is reliable. And there is no evidence that these people are affiliated with this company in any way.
And then 90-something percent of those who, at one time, subscribed to this company’s shenanigans say that they were ripped off.
So, who is saying the truth concerning this program? We may need to find out in this review.
Market Traders Institute: Scam or Not?
Let’s take a close look at what they’re offering on their website.
They claim to offer market analysis.
They also use a lot of jargon when describing their systems and back testing results.
Again, we realize that all these things can be found everywhere on the internet — and sometimes for free!
Nevertheless, we recon that it’s not one of those push-button scams which are circulating on the web.
This is because the creator claims that their ”professionals” will be training you and hosting live webinars for their students to learn a thing or two.
This suggests that there is definitely some work to be put in here.
But on the other hand, it does not mean that what they are offering at Market Traders Institute is flawless.
In fact, if the countless user reviews on ForexPeaceArmy are anything to go by, we can formulate all reasons not to subscribe or recommend this product to anyone.
What We Hate About Market Traders Institute
We at Campforex.com don’t like hype. When a product uses hype to convince users of its potential to solve their problems, it quickly turns us off.
The first hype is that their clients are 103% more profitable than the average trader.
We’ve never encountered anyone saying that they made money while learning at Market Traders Institute.
This screenshot was taken from the website. The testimonials which you see here have not been verified. We cannot rely on them when third party entities are talking otherwise.
Secondly, there are lots of up-sells in this program, and the total price is never said before hand.
The cheapest product on this website costs $59. And then there is a monthly subscription of $249.
These prices are for what they call the ”ultimate charting solution”. These are basically charting features which have been compiled together to form a product.
But do not think that this is the only cost that you will incur? Chances are that you will pay more along the way.
They also claim that their webinars are free, but in the reals sense, the content presented therein will cost you more money in order to eventually become a ”profitable” trader.
Also, members of Market Traders Institute are always pushed to buy their products and services in every up-sell.
The problem is that these are never announced in advance. Secondly, these up-sells are very costly. Believe you me.
The Company Has Had Several Refund Issues
Dozens of dissatisfied users have written their testimonials on the internet concerning this company’s inability to issue a refund.
For your information, most of them (clients) spent in excess of $8,000 on their up-sells and never saw any value in any of these products.
These reports mainly touch on the Institute’s software dubbed ”FX Fire Course”.
The company says that it cannot issue any refunds once the software is installed on a user’s computer which is a big excuse for ripping off clients since software programs can always be disabled.
Consider this; there are so many FX companies out there who train their clients but also issue refunds whenever there is need to.
So this is an issue with their policies, which has caused Market Traders Institute to be labeled as a scam or rip off company.
Also, the fine print on the website says that once the trial period is over, a $59 will automatically be billed on your credit card.
Most clients never notice this fine print. But it seems it’s in the interest of Market Traders Institute to keep this away from their clients as they intend to make even more money in the process of some clients not noticing this recurring bill.
Awful Customer Service: You Won’t Like This
Previous clients of Market Traders Institute have very bad things to say about the program
One would almost think that the guys at Market Traders Institute are nothing but vultures since they make you ”invest” thousands into their unproductive courses only to make nothing in the end.
Once you invest thousands into their so-called education and support, you won’t hear from them again, until when you think it’s time they sold you another product.
And despite the guarantees which their salespeople give you whenever they call or email you, there is still zero chance that you will recover your money. Their products are always sold under false pretense.
Also, there is no way to get access to ”updated” courses unless you keep feeding the company with thousands of $$$.
What you get is always outdated, which prompts you to invest another $4,000 or so to get what they call ”updated” courses. Even then, you will still find yourself investing more because they know how to entice users.
The saddest thing is that their support will always ignore your questions once you ”invest” a hefty amount into the system.
At this point, it appears that the only thing that is keeping them afloat is the huge amounts of money which they receive from new clients.
This money is then used to hire programmers and even more experienced salespeople with sweet tongues. A part of the balance is then used to conduct more enticing webinars to lure in more clients. This is the cycle.
Wrapping it up
The product was created with a good intent at first. However, somewhere along the way, things went south and the company decided that they were going to make money anyway.
Market Traders Institute also traps its clients with many up-sells along the way. These are quite pricey, plus you will never recover that money if you need to.
Honestly, they have the most expensive Forex training products around. It’s not unusual for their clients to spend $10,000 or even more on these products.
And even though they are spending money, they aren’t seeing results, and that’s not fair.
The members’ areas in the Market Traders Institute has very ”thin” content, which does not address the demands of people who already have basic knowledge on trading.
In fact, this course is not your golden ticket to trading success. Going with this Forex course will only add more risk to your investment endeavors. Plan simple, we don’t recommend Market Traders institute.