5K CLAIMED LOSSES
3 TOTAL REVIEWS
1.1K PAGE VIEWS
School of trade is a SCAM www.schooloftrade.com
8-31-2015 RESEARCH THIS COMPANY BEFORE YOU DO ANYTHING ITS A SCAM http://www.schooloftrade.com/ AKA http://www.sidewaysmarkets.com/ I would like to tell everybody my story and you can decide. I started watching the school of trade free nightly video's which I will give them credit they are good, and I would also receive emails of trades that they took in there live trade room which were also very good and he looked like a very good trader and I was excited to join the live trade room. So After 3 months of watching them I signed up for their premium service which give you access to their live trade room which I assumed that they would trade ES YM NQ TF CL. After 30 days in their live trade room I finally realized that they only have crude oil charts up and the moderator never take any trades. I thought this was very strange and I was so disappointed I felt totally scammed. So I called Megan James to ask for a refund and she said there is no refunds, after explaining to her how I felt she did not care so she hung up the phone and was very rude as well, I called the next day and asked very nicely if she would just give me a brake so she said she would refund $2500 and was still very rude. I said refund me $4500 and let's call it a day and we can both go on our separate ways. The next day they shut down my account and now I can't log into to their website. So now they have my $5000 and now I have no service. I will now have to call my credit card company, tell my story to everybody I can. So they know that they are doing an illegal business they know they are *** artist and there business is one big fraud. My biggest mistake was not to do research on this company and just trust them. I feel like I was scammed. This company is a total fraud and they are *** artist. They make you sign a no refund policy as well. I feel so *** for giving them any money. I can't believe this company is still around with this many bad reviews.
Las Vegas, Nevada
Reason of review
My experience with SchoolofTrade.com
Like the gentleman who started this post I lost several thousand dollars trying to make the SOT methods work. That of course was after I spent over $3500 on the SOT membership. For anyone who is thinking of joining SOT let me give you my experience because I hope it will help you avoid the mistake of joining and worst of all believing that an SOT membership will help you be successful. I was a struggling trader trying to figure out a way to make a living. I stumbled onto the SOT youtube page and was amazed by the results he was claiming. I looked back over the many videos he has and thought it was worth a try to test the 2 week trial. I tried to follow along with what he was doing each day but everything happened fast and I could never truly tell when he was actually taking a trade. I thought to myself...if only I was a member I would have all of the charts and indicators he has and he would be able to educate me on how to be successful so I joined. Here is what I quickly learned....he lies about his results. If you randomly enter trades on your own and only count the winners anyone can show big profits on a bogus spreadsheet. For those that have used NT which is what JJ uses to enter his trades you know how simple it is to generate a very detailed report of all trades and profitability. The spreadsheet only has the winners with a few small losers spread throughout to make it look more legitimate. When you take a free trial you will be overwhelmed with all of the charts and random hot air that JJ will talk about. He is great at sounding like he knows what he is talking about!!! By the time you figure out that is nothing more than a bloated fancy show you are already out your $3500+ and your pride will force you to keep "trying to make it work" After several months of losing money you will eventually have to admit you were duped by a very clever scam artist. I have completely given up on getting my money back but I do want JJ stopped because he will continue to fill people with false hope with his bogus youtube videos. I only want him stopped so he can't hurt any more people. I hope people aren't duped by his auto trader either because in case you haven't noticed the last update was May 6th and today is May 20th. Why no updates.....because the auto trader is getting creamed right now. He puts on the site that you can have an account with only 2K or so in it and use the auto trader but a person would get a margin call in a hurry with that plan so PLEASE DON'T FALL FOR THIS! I am confident the clever JJ will change the auto trader settings and "curve fit" soon to improve the results. He also lists on his site that you can "manage accounts" and if this is true this is illegal by everything I can find because you have to be registered and certified to manage anyone else's money. I fill sorry for anyone who puts any money with these folks to manage. The SOT members area lists that even if the results are on a simulator for only a month you can "qualify" to manage money. If the CFTC won't do anything about that nonsense then they aren't doing their job. I am thankful this gentleman put up this review to reveal SOT as bogus and I hope that will help others avoid the financial and emotional pain that will surely follow if they become SOT members. Please don't make the same mistake I did!!!!
Www.schooloftrade.com (SOT) & Joseph James
BEWARE! www.schooloftrade.com & www.sidewaysmarkets.com is a scam and Joseph James is a fraud now desperately trying to cover up for years of deceit and lies. SOT has recently updated their license agreement with statements like this, "Do not make actual trades based on information or alerts based on any information from SchoolOfTrade.com nor our live Signal services. The signal service, for which you are enrolling sole purpose, is training." See the full article here http://www.schooloftrade.com/terms.php. WHAT A JOKE! When I was defrauded by JJ he was banging on all day about earning a fantastic living and growing your account. He would often say things like "if you take 2 losses in a row make sure you switch back to SIM trading" "You will need $1500 minimum capital to start trading with 1 contract" "once you have made your daily profit goal switch back to SIM trading, no point giving back all that hard earned cash to the markets" I could go on and on... Please watch a video of my story at http://www.youtube.com/watch?v=jxFRI-j4SX4 or visit the SOT Review Facebook page at http://www.facebook.com/pages/schooloftradecom-Review/126853****01406. I have been building a case against SOT for over a year now and I am certainly making progress. Please join me to get this guy shut down and held to account for defrauded hundreds of people with his live trade room scam now being re-branded as "training". JJ promotes massive monthly trading profits luring the unsuspecting novice with the promise of riches, the truth is his system is utter garbage and cannot make any money whatsoever in live trading. He has deliberately deceived and defrauded people and now the heat is on and and the CFTC are no doubt on his case he is trying to cover it all up. I am not going away JJ until you and SOT are shut down and everyone you have conned over the years is fully compensated.
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