It’s one of the best Online Trading Academy Reviews Around—My Findings Are Inside…
I always remember this Rolls Royce that was parked in my neighborhood.
Man, I used to love that car.
It was owned by this cool old guy. He’d worked his whole life in a regular job to save for it. Treated himself when he retired. Sometimes he’d take me for a ride around the block, or pay me to clean it.
This guy had worked 70-hour weeks more often than not. He deserved that cool car.
I want a Rolls Royce too.
Trouble is, I don’t really like the sound of 70-hour weeks. I don’t really wanna work that much in a MONTH.
Man, I wanted one of those!
You might say I’m lazy. You might be right. But we’ve all gotta dream.
So I’ve always been on the lookout for a way to get-rich-quick. That’s why I was first drawn to the idea of becoming a day-trader. Stocks and Forex and the like. Truth is I didn’t know the first thing about any of those things, but I
liked the idea of sitting by the beach sipping a cocktail while my portfolio grew and grew.
As I soon learned, making money is never that easy.
This was way before I’d started making some real bank with Local Lead Generation. That’s as cool as it gets, and I’ll fill you in on it in a bit.
But first, back to that stock-trading dream I had.
Since I realized I didn’t know the first thing about it, I knew I needed to learn more. That’s when I first heard about something called Online Trading Academy.
If you wanna know more about THAT, then you’re in the right place.
I did a bit more research and saw some good reviews. I decided to jump in. I was gonna be a money-making trader within weeks, right? Maybe not.
In the end, Online Trading Academy was quite a journey. If you wanna hear about it, then you’re in the right place with my Online Trading Academy review.
Online Trading Academy Review
First thing’s first—you wanna know what Online Trading Academy actually is. I got you.
It’s basically exactly what it says it is. It’s an education course that aims to train normal people like you and me to be profitable traders.
They’ve actually got a range of different products you can buy.
This whole gig started with an “orientation” day. I had to meet with someone called an Education Counsellor. That’s really just a fancy name for a sales
rep. And man, do they sell you the dream. I was gonna have that Rolls and more within months, according to them. I was pretty hyped, but also dubious.
So the orientation day was a half-day course. They didn’t tell me much, but they made sure they made everything sound awesome, and easy. After that, I’d have to pay $300 for a 3-day course. This seemed a bit much, but I thought that if those 3 days gave me the info to become a profitable day-trader, it’d be all good.
It soon transpired that the 3-day course was ANOTHER sales pitch. Just a longer one. We were taught a few bits about trading and the differences between markets and what a lot of the terms meant. Useful info, I guess—but nothing you can’t get elsewhere for free.
At the course, I met a lot of other people who were in a similar position to me. Some of them were pretty cool.
One thing I did notice was how many older folks were on the course. A lot of retired guys. I soon realized that this was the core audience for Online Trading Academy.
The main pitch was to get you to sign up for more classes. More expensive classes. They said they had a patented trading technique that was a guaranteed way to make money.
I’m not sure how you can patent a trading technique, but I was intrigued. I’m also not sure why they aren’t just printing money with this technique themselves, if it was really that easy.
It’s worth remembering that this Online Trading Academy is NOT an online course. It’s a course to train for online trading. You still gotta visit a bricks-and-mortar location to get your training on-site. This isn’t one of those remote deals. I was a bit disappointed by that news, but at least they had plenty of locations to attend.
Things were getting fishy.
Anyway, at the end of the first bit of info (what I call: the sales pitch) you fill out a questionnaire. This is the main crux of their business model. This is where they find out how much money you’re playing with. I was surprised by how many people simply freely gave up all their financial details. They’d already bought into the dream-sell.
And it’s at this point things got fishier. The team of sales reps started seriously targeting those older guys. The people who probably had more spare cash. The people with retirement funds. Some other guys who basically turned up with nothing (like a lot who’re chasing these sort of dreams) got ignored.
And THAT’S because the next range of training cost a truck-load. We’re talking many thousands here. I was on the borderline because I didn’t have a ton of cash, but I wasn’t poor. The sales team were already pushing hard on the old folk.
There’s a 7-day course for $8,000 or a longer one (a couple of weeks) that comes in at $19,000. Wow. That’s not chicken feed.
At this point, I had two options. Spend a LOT of cash on something I wasn’t truly convinced about… Or walk away from the dream. But what about the Rolls?
What decision would you make at this point? I’d already seen enough deals like this go wrong, and the price of the longer course was about all I had.
So what did I do?
I know you’re reading this review wanting ALL the info, but if I’m honest with you—I did a runner.
The first day or so of meetings hadn’t reassured me anything about their info. The trouble was, a lot of people had been even more sucked in than me. I was worried about them.
But maybe I’m just being overly picky? I still wanted to know more about Online Trading Academy. Maybe I’d made a mistake in walking away?
On the course, I met a guy called Roger. Roger was a bit older, recently retired. He had some money to play with, but he also wanted more. He was saving for a condo in Florida for the winters.
Roger’s dream condo.
Roger was a chill dude. Had some cool stories.
Problem was, he’d bought into the Online Trading Academy bigtime. Hook, line and sinker. I tried to tell him to tread with caution as this seemed a lot like a scam. I managed to meet up with Roger a few months later and he filled me in on how it all went. So the rest of this review’s kinda from his perspective. More on that in a minute.
I’m always a bit suspicious of these sort of sales deals. I know there’s nothing wrong with getting an education, but I always wonder why these guys are selling such groundbreaking info if they’re cracked the markets themselves.
Surely giving it away is just gonna make it harder for them to make money themselves with their own great system?
Why wouldn’t you just keep that stuff to yourself and actually make loads of money actually trading?
Maybe I’m giving them too much flak. Maybe I’m thinking from a selfish perspective. These guys just wanna share the knowledge, right?
Or maybe their “system” isn’t actually that great. Maybe they don’t actually know how to turn a nobody into a money-making machine.
Maybe the only way they know how to make money is by selling the dream, rather than living it.
Even though I’d already walked away from the Online Trading Academy, I still wanted to know more. I did my own research, and I also checked in with Roger.
The first bit of research I did was to check out the Better Business Bureau. These guys give the lowdown on all sorts of companies you might not have heard of. So I rammed “Online Trading Academy BBB” into Google and visited the site.
The good: It’s got an A+ Rating. Nice. I’ve seen a lot worse.
But there are also a LOAD of complaints. And some of them are way worse than just not liking the product. Some people felt seriously ripped off—out of A LOT of money. Some were unable to cancel and were charged thousands.
What about Roger, how did he got on? He had a similar experience.
He ended up signing up for a $16,000 boatload of courses. They lasted a couple of weeks. Roger signed up to pay in instalments, so only paid the first $3,000. That’s both good and bad.
In reality, Roger told me that their patented trading idea wasn’t up to much. Just like I’d thought. With all the info Roger learned, he didn’t have enough to become a profitable trader.
The reality of that game is that it’s MUCH harder than it looked.
So Roger tried to cancel and back out of the rest of the payments. This wasn’t possible. He was out all that cash in the end. And no closer to his dreams of the condo in Florida. Further away if anything.
I felt bad for Roger, but at least he still had some cash left. There were people in much more volatile financial positions on the course. I was worried about them.
That’s some chunk of change.
But I was also relieved. After all, I only lost $300. It could have been worse. MUCH worse.
The more research I do on Online Trading Academy, the more sceptical I’m becoming. Had anyone made any money from this?
I even heard some rumors that the sales reps themselves were struggling. Roger also told me that the “pro picks” he’d been so hyped about didn’t add up to much. There weren’t any “pro” traders in the Online Trading Academy anyway. It seemed like there were just salespeople.
But what about those reviews I mentioned? How comes there was such a dramatic difference between MY experience and those other people?
Maybe those guys got lucky.
Or maybe… Those reviews are just trying to sell you Online Trading Academy.
There’s a lot of that around, and you’ve gotta take every review you read about things like Online Trading Academy with a pinch of salt. Even this one.
So it’s an Online Trading Academy scam then?
If it looks like a scam, smells like a scam, and tastes like a scam. It’s a scam.
The good news is that it’s NOT a pyramid scheme. I’ve seen a few of those in this industry where the course or product barely even exists. The only real way to make money with them is recruiting more sales reps.
This does have a course, and it takes a few weeks. That’s obviously gonna cost some time and money. But this much money? I don’t think so.
I was put off by the predatory practices I saw when I first visited the taster session. This wasn’t for me, but it was off-putting how many other people had got sucked in.
And what about the actual info learned in the course? Listen, I learned a bit on the first day, and Roger did learn SOME STUFF. It’s not completely without value. But the guarantees they offer about potential earnings and how easy it’s gonna be are way off the mark.
Trading like this ain’t easy.
If it was then everyone’d be doing it. If it was then Online Trading Academy would be doing it themselves instead of selling way over-priced courses. The reality is, you can learn a lot of this info for FREE online. Or at least with some Udemy courses that only set you back a few bucks.
All these reasons are why I decided that the Online Trading Academy is not something I’d be recommending to my buddies. You can make that decision yourself, but I hope I’ve helped.
If you wanna know about a real way to make money online, you should check out Local Lead Generation. I actually showed Roger this, and he’s doing much better now. Local Leads are really taking off and it’s a cool way to set up your own bit of internet-realty. It’s not a get-rich-quick scheme, and I’m not gonna tell you you’re gonna be a millionaire in weeks… But those kind of sales pitches are normally scams anyway, right?
But I’m glad I found Local Lead Generation. Roger is too.
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