Academy of Financial Trading
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Honesty
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Quality
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Cost
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Support
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Verified Trades
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User Experience
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Summary
The Academy Of Financial Trading is nothing more than a hastily produced, trading educational product that was created by a diploma mill. The company sells educational products on a wide range of topics and niches. I don’t know about you, but I don’t want my trading educator also selling an educational product on baby nutrition. The course instructors are fictional characters with no verifiable trading experience or track record. Company claims to be the worlds greatest trading educator that has been featured on a wide variety of well known media outlets…all pure fiction.
User Review
( votes)Thanks for reading today’s review of Academy Of Financial Trading, a self described world leader in trading education.
There is no live trading experience. Instead, students sign up for a tier one educational program known as the “Introduction To Financial Trading Program” at a price of $129. Next, the student would move into the stage two program known as the “Foundation Trading Program” at $650. And then finally, students would move into the final educational phase known as the “Ultimate Traders Program” at $3,350. At the end of phase 3, the website proclaims that each student will be certified as a full time professional trader.
Initial Observation
The Academy Of Financial Trading website is quite nice looking and well organized. A very clean and neat looking presentation. The course descriptions look well organized, there are a few nice
videos, some fancy award emblems proclaiming that they are the best trading educator on the planet since 2012, and they proclaim to have been featured on a wide variety of well known and respectable news and education outlets. The listed news outlets and business journals include International Business Times, The London Economic, Boston Business Journal, Market Watch, CNBC, etc. However, I went to each of these websites and searched for any references to the The Academcy Of Financial Trading…none exist whatsoever. In fact, I spent over an hour scouring through these websites using all known search features, as well as automated, site wide text searching tools, there simply is nothing on any of these websites that mention the Academy Of Financial Trading. It appears that the company created this graphic to imply credibility.
Next, I became curious about the awards that boldly proclaim that the Academy Of Financial Trading has been awarded the “Best Online Trading Educator 2012, 2013, 2014, and even 2015. Have a look at these fancy awards graphics below:
What is amazing about this fancy graphic is that the company proclaims to be the very best trading educator for the United States, Australia, Europe, and Asia. Wow! The only problem is that these awards appear to be just simple web graphics, there is not an actual organization that have issued these awards. Its as if this company simply hired a graphic artist to design something official looking.
Another thing I find fascinating about this company is the proclaimed amount of professional traders that they have been able to produce through their trading educational program. As of July, 2015…an amazing 120,528 graduates. Considering that this trading educator has only been around since November 2012, this would mean that during the entire 31 month history of this trading educator…they are graduating 3,888 students each month. My only question, does anyone really believe this stuff?
Pure Fantasy
Of course, I had some serious questions for this self proclaimed, world famous trading university, like who are the instructors? What are their qualifications? Do they have a trading track record? And so I sent an email out requesting more information. Unfortunately, the company could not provide any substantive information on whom is actually running this organization. Just several responses like, “our traders are all world famous money managers”, and “we have assembled the worlds greatest team of internationally recognized traders”, etc. They would then refer me to the company website which contains absolutely nothing regarding who these people are. Just marketing fluff that continuously loops around and around.
Next, I asked for any sort of proof that these internationally recognized and world class traders are actually trading. The company response is that these world class traders could not release any trading information as this might release proprietary trading information, trading secrets and advanced techniques.
Digging Deeper…A Diploma Mill
As many of my readers know, I have gotten pretty good at uncovering fraud and marketing BS. One of my favorite techniques is to trace server addresses and match domain registrations. Well, it turns out that Academy Of Financial Trading is nothing more than a diploma mill. In fact, this company has a wide range of educational offerings, covering a wide swath of interests. And so, lets take a closer look at what this company is really up too. The following is a just a taster.
This is just to name a few. There a wide range of different subjects and topics.
Academy Of Financial Trading
So what exactly is the Academy Of Financial Trading? Quite simply, it is nothing more than yet another savvy online marketer that has thrown together a course and is attempting to sell it for thousands of dollars. There are no real traders behind this company. There is no track record of trading success. From top to bottom, this company is nothing more than a marketing project. This company specifically targets educational niches where consumers are searching for specific solutions. They then whip together a course, as well as fictional characters that are providing the education. It is then pushed out onto the internet like a fisherman drops a net and waits for some poor fish to swim through.
The real shame about all of this is that the people that have thrown together these education courses have little regard for the financial welfare of their victim. The uneducated and unsophisticated can easily become distracted by fancy web graphics and fake video testimonials. These victims then place their financial future into the hands of these marketing charlatans. They invest their money and time into the educational product, then they begin speculating in the financial markets. The results are highly predictable.
Well that’s it for today. Thanks for reading and sorry this was yet another review of yet another worthless trading product. Don’t forget to leave your comments below.
I DON'T THINK ANYONE IN THIS FORUM KNOW WHAT IS CALLED LEARNING
DROPPING BAD COMMENTS, LIKE NO VALUE WAS PROVIDED TRYING TO RUIN THE COMPANY IMAGE. I WONDER IF YOU TOOK THE COURSE TO CONDEMN THEM OR LEARN. NO COURSE WILL SHOW YOU OR TEACH YOU EVERYTHING ABOUT TRADING BECAUSE THE MARKET CHANGE, WE 0NLY SPECULATE THE MARKET.
THERE IS A SECTION THAT CLARIFIES WHAT TO CONSIDER WHEN TAKING A BROKER AND LETS TRADE WAS RECOMMENDED BASED ON THEIR OWN PARTNERSHIP AND CONSIDERATION ALL THIS IS NORMAL IN BUSINESS NOT SCAM AND THERE IS DISCLAIMER IN EVERY CLASS VIDEO WHICH EVERY TRADING COURSE DO
Did you find this review helpful? Yes No (5)
I don’t know anything about the “featured in” stuff but the course is accredited as a CPD course. A quote from the Shaw Academy who run the course:
“All courses at Shaw Academy are independently accredited by an internationally recognized body for CPD purposes. Courses are also accredited by the CPD Certification Service, which is an independent body that ensures qualifications are in line with the most current professional standards.” (https://www.shawacademy.com/faq)
CPD accreditation generally denotes professionalism and high standards of quality.
The CPD (Continuous Professional Development) is not a qualification.
Professionals such as accountants maintain their existing qualifications by having to do 25 hours (a year) of additional learning related to their industry.
There is no financial body related to online trading that would require CPD hours. (You would need to be qualified as a trader to do it anyway – and this does not exist)
They are basically trying to put some credibility on their course by saying its CPD certified which is pathetic, dis-honest and embarrassing
As a company they previously were sending their clients to a broker (they owned that they did not disclose) where they were making money when the client lost money. What does that tell you about the education.
Maybe it’s KARMA that they are in examinership now!!!!
They also set up an alternative company called “Live Financial Academy” to hid all of the bad review here. Same content, same people.
I wonder if their investors they owe money to, know about it.
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They have just entered examinership under the Shaw Academy Group. They owe 5.7 million euro to somebody who wants their money back.
https://www.thejournal.ie/shaw-academy-examinership-4431107-Jan2019/
Is there any FX trading educator out there that teaches something useful?
i joined the program and found it to be educational but was disappointed when i realised that it was all recorded not live like they advertise. i did enrol in the UTP and paid 89.85 pounds but have not heard of them for last 3 months, try to contact them and directs you to a answering machine, today got a email from them with this: Subscription to utp_sub_8985_gbp_month_3_trial_0
£89.85
Total
£89.85
Paid
£89.85
which i did not authorise.
they are complete scammers be aware
I joined the Foundation program 2 years ago, but at the time, chose not to move ahead to the Ultimate Trading Programme. But a few months ago, they offered a lifetime membership for 90% off, or $105. US. I am in the final two weeks of the Ultimate Program, and I would say it is worth at least that much money. They seem to really focus on protecting your capital, and using 1% stop losses, then tighten the potential losses even further, as you buy into more markets. They also have their own indicator, a little bit similar to the Stochastics indicator.
In the months ahead, I will have to see how it goes. You can still lose a lot of money in the stock market during after market hours. That 1% or similar stop loss won’t do you any good if the stock opens the next day at 10% below the close on the day before.
I have been part of this company for a few months now and I can say they are one of the best and most legitimate online trading academies out there. I did the foundation course and the ultimate traders course and they were nothing but professional even till after the end of the course. Their diplomas are recognized by few financial institutions in the EU and if you want to know they themselves will ask you if you are interested and will direct you to them. The reason why the recommend a broker for you is because they had received reports of some of their students being scammed by false brokers hence they do research on a broker ensure it is trust worth before they tell their students about it. They no longer use pip index or ETX but AvTrade is now their new partner. However they always strongly recommend first that students look for their own brokers and also give information on how to test a broker and ensure they are legitimate. I have seen a lot of false information being given here especially from people who have not even taken part in the courses. Do your research and legitimize it before you go on speaking things you are not even sure about. They are a business just like any other of course thy will have to advertise to you their products, if you are interested well and good go and buy if not just move on.
http://www.marketwatch.com/story/academy-of-financial-trading-the-nasdaq—recognising-a-bubble-2015-03-10-5203348
https://www.globalbankingandfinance.com/global-banking-finance-review-awards-2015/
https://en.wikipedia.org/wiki/Academy_of_Financial_Trading
https://www.quora.com/What-is-a-review-of-the-Academy-of-Financial-Trading
https://www.linkedin.com/company/academy-of-financial-trading
The marketwatch piece is a paid “soft advertisement” meaning that the article is by the Academy of Financial Trading and run as if it is the words of a 3rd party. This article is about risk management and only says that the academy teaches risk management. Likewise, despite the impressive sounding name, Global Banking and Finance Review is just an online rag that sells advertising space dressed up as financial content. Wikipedia, really! A self editing online “encyclopedia” where the content can be written by anyone, that’s your source! Quora.com – From their own site “Quora connects you to everything you want to know about. Quora aims to be the easiest place to write new content and share content from the web” so another site where the content is written by anyone not an objective 3rd party reviewer. Linkedin – the same. Please name the financial institutions that recognize the qualifications issued by Academy of Financial Trading. Don’t fall for this BS.
Thanks for responding Stray Dog. I didnt have the energy.
The diploma they promote for this is called the NCFE. NCFE is a registered charity not a university or college. you pay them the fee and they give any organisation one regardless of content. It’s a joke
Moses comment above “The reason why they recommend a broker for you is because they had received reports of some of their students being scammed by false brokers”
Are you retarded Moses or an employee of this company? Have you read all the comments here?
THEY…YES THEY…..ACADEMYFT / SHAW ACADEMY / LIVE FINANCIAL ACADEMY OPERATED THEIR OWN BROKERAGE THAT SCAMMED THEIR OWN CLIENTS.
They recommend other brokers now because they were exposed here as to what they were doing. Teaching their clients to trade..sending them to their own brokerage (which was not disclosed TO CLIENTS THAT they owned IT) and pocketed the money when those same clients lost.
THEY ALSO LIED THAT THEY ONLY MADE COMMISSION FROM TRADES.
ANY BROKERS THEY RECOMMEND NOW THEY GET A CUT OF THE LOSSES ALSO.
SO……WHAT THE FUCK ARE YOU TALKING ABOUT MOSES?
Academy Of Financial Trading, is it a scam? Not really! But you do have to know what you are paying for and never pay the full price because you can always find a discount somewhere. The Academy Of Financial Trading is really Shaw Academy and yes, this is sort of hidden. Shaw Academy is run by educators in Dublin, Ireland and there courses are not internationally recognized. It’s not an out and out scam because Shaw Academy is a legitimate company that saw a gap in the educational market.
The introduction course to Financial Trading was always sold to me as an introduction course and always with a warning not to trade in a live account. It did however give me the basic’s of trading CFD’s. How to start to formulate financial strategies, ECT. The course never stated you would become a great trader and it’s objective is the give you the basics so you could become a part-time trader. The course instructor many times instructed you will need to do a lot more work, and spend time using a demo account, more research, before making that first ‘real’ trade.
Look, you have to weigh up things. Fancy graphics and BS aside The Academy Of Financial Trading gives you an introduction to trading, nothign more, nothing less.
Mistake below: It’s actually called Live Financial Academy
under the domain: http://www.livefinancialacademy.com
To the Owners: Hiding your bad review history is not as easy as you think.
They have just re-named their trading educational company to…
livefinancialtrading.com
Live Financial Trading offers the same courses delivered by the same people from the same location as academyft and their sister company shaw academy.
Groupon are flogging their intro course for about $10 under this new brand to continue to hook in the complete naive beginners and so the cycle continues.
Fucking people over is a way of life for this filth.
I did their introductory course some time ago. Really cheap, almost free. Of course the follow up courses cost way more. They have so called live sessions with this “Adrian” fellow, but on asking live questions, Adrian never seems to be the one who answers, as questions are answered by what I suspect are just “call centre type” employees who sit by and answer questions based on a recording. I asked them to get Adrian to acknowledge my name somewhere in his speech and answer me personally to verify that it was not a recording. I did this for several days & never once did Adrian divert from his so called live seminar. HaHa, probably a bunch of geeks sitting around playing computer games while published recording runs as so called live seminar.
If you lost money through PIP INDEX after being referred their by SHAW ACADEMY or ACADEMYFT contact your lawyer to instigate legal action against whichever company that referred you AND SUE THEM to recover your losses.
EDUCATING PEOPLE HOW TO TRADE AND THEN MAKING MONEY WHEN THEY LOSE WITH NO DISCLOSURE SHOULD BE AN OPEN AND SHUT LEGAL CASE. BEST OF LUCK.
The owners of all three companies are James Egan and Adrian Murphy
They have done a deal with the broker ETX and seem to be transferring all their clients their now.
Not sure whether all the bad press they got from about their own brokerage pop index were they got a cut of the client losses or the regulatory in the U.K. Forced them to stop the obvious conflict of interest.
Regardless of the reason ETX is just another broker that makes money from client losses.
The do the same deals with partners/affiliates that refer business.to them ..they give them a cut of the losses.
Looks like not much has changed then..academyft still fucking over their clients.
Educating them on how to trade (if you can call it that) and then making money on the back of their losses.
Fucking over people is a way of life for these low life’s.
Their brokerage PipIndex is closed down now and no longer taking customers.
The scam of calling their brokerage an STP (Straight through processing) has finally caught up with them.
The reality was they were a middle man for a market maker who split the client losses with them.
This is endemic in the industry. Brokers pretending to be on your side when in fact they need you to lose all your money for them to be profitable.
These guys were worst than most as they feed their own brokerage (pipindex) from their own educational company (academyft/shaw academy) and pretended their was no connection until it was exposed by this website.
Greed, arrogance and hubris failed in this instance but it took 3 years to put a nail in their coffin.
Due to their non disclosure of the connection between the two companies and the fact they made serious money on client losses while at the same time supposedly educating them I would say that these same clients could sue academyft/shaw academy to recover said losses.
I think I agree with your opinion. I was the one, who purchased the Trading Foundation Program for only $ 11 (Cdn) and got involved. I liked the way the course was outlined and conducted. I do have quite good financial knowledge, but not really the on line trading knowledge. The course introduced me to the concept of the on line trading platform, and it was good.
To actually get involved more and pay more, I don’t think so. The UTP might be just additional explanation to their trading method, to the way they select possibly profitable trades. As with everything else, buyers, please beware!!!!!
Guess what, I received the ‘Foundation Trading Course’ at a zero price. Yes, you heard that right, no money at all, absolutely FREE !! I immediately joined their academy via a promotional mail and now, I have Successfully completed that course of 8 classes 🙂 And now, they are offering me the ‘UTP’ course for a huge discount (90 Euros).
Though not free this time, I was fully convinced (kind of hurried) to join the course as I, along with the other students are given with only 11 days to avail the discount. Also, because the quality of their Foundation course was too good, so I was preparing to go for the UTP course ! But destiny seems to have other plans; before making the purchase, for the last 2 hours or so, I was looking about reviews of ShawAcademy on Quora and other possible sites through Google, and got this page with such a huge no. of comments.
Going through all of them, and other sources as well, I can conclude that – “Shaw Academy, Academy of Financial Trading and the Pipindex; all 3 of these belong to the same group of owners, who, in turn, use the ‘Newbies’ like me to first train, and then hiding the ‘Conflict of Interest’ concept, fool us and we get trapped further in their web.”
PS: If you want to enroll in Shaw Academy’s courses, join them for LEARNING PURPOSE ONLY; that too for either free courses or if they are giving it for a meager amount. And NEVER GO FOR MONETARY TRADING AT ALL !!!
Interesting…
I took both the Foundation and UTP courses. I consider myself reasonably intelligent, so it caused me great shame to have been dazzled by this glistening turd.
They make promises in class that they never intend to honor. And, later, when you ask pointed questions they ignore you.
I followed their strategy well into several trends, accumulating nice profits and ignoring traditional “get the hell out” signals, only to watch my profits evaporate and turn into losses. You will not make money by following their system, because you are not supposed to. And you need considerable experience to be able to bend it to your advantage.
Use some of your money to buy a book of matches and use them to burn the rest. You will do better than giving it to them, and you will feel better about yourself.
The AFT is an interesting one, they are essentially selling the Turtle Trading course with a few changes here and there. Is this bad I will let you be the judge of this. I think its one made for equities more than Forex. My demo account did make a little bit but lost a lot, but when i did equities it was okay, less loses. I think it would be nice for them to be honest but who would be in this game. I am now learning a new strategy for forex. Maybe i will come back to this one when i want to do equities.
The turtle trading strategy is a long term trend based system.
When you have choppy range bound markets and use this approach you will have many losses.
It’s like death by a thousand cuts until a trend eventually develops on something and you happen to be on that specific instrument at that specific time.
Good Luck with that.
I had an interview with this company last year. The primary purpose of the job was to remove the BabyPips page on AcademyFT from the first page of Google. The BabyPips forum thread has negative comments about their product and they wanted it deranked. The page is still there and now this review comes up too, so they haven’t been able to do much since.
Back to the role itself, the company made no effort to hide that the same people are behind PipIndex. Their EA even used the signatures interchangeably. The whole place had a very salesy and shady vibe. During the interview, their Head Developer said their margins are so high that they don’t even count the money they make or something to that effect. Says it all really.
The reviewer Emmett is a known crook . I’m an experienced trader and My wife just finished the foundation course with Shaw. It’s definitely the best value for money Trading fundamental course out there.
Did you find this review helpful? Yes No (1)
Emmett is exposing these sham rip off educators and in the process saving people a lot of pain, misery and money.
If you are an experienced trader you must be broke if you think what they offer is of any value to anyone.
It’s not even a fundamental course either, they focus on technical analysis you big spoofer.
Damn! I was so believing it… I did the first course for 14,90€ and learned some stuff (or at least I thought I did) and then paid 395€ for the UTP (ultimate trader programme). In fact they never tell you to trade with pipindex, but all the UTP course goes in that direction. Basically if you don’t trade with their platform and software you will not be using what you have learned in the course. I’m pissed now!
It’s a scam, the only positive reviews are from employees… PipIndex/academyft/shaw academy will not be running in a year or two, by all means trade with them but you’ve had your warnings… Watch out for the 5 star essay under this post!
I bought their course for 20$. For a beginner like me, that’s the best bang for the bucks. A book cost 3x that amount and can’t offer more than they do.
They teach textbook (so do all real universities).
No, it didnt make me a trader but price/knowledge is a very good deal. cheap education. They are not real profitable traders so i won’t buy expensive course.
traders trade; educators teach.
Looks like the site is stagnant and not updated from 2014 except now it says 133k satisfied students. It seems like an international version of “topdogtrading”. 650 for the foundations then 1250 for ultimate. Maybe this review stopped the momentum of this scam thankfully. With that kind of approach it would be better as a legit school to teach passing series tests imo, rather than pretending to churn out “professional” traders.
Review of the Author
http://tradingschools.info/2015/08/05/a-review-of-emmett-moore/
Yep, even i get reviewed.
I’m just finishing the intoductory program, which contains pretty solid, but readily available, information at a fairly basic level. The presentation style is fairly light and breezy. I have had one friendly call from them offering help but with no pressure for further purchasing. There has been one or two mentionings of their broker but no obvious pressure to use them.
However i received an email notification of a demo account setup for me. This wasn’t requested.
But the bigger “however” was my last session. It was promised to show the secrets of retail counter trading (trading against the retail market and with the institutional traders). Quite simply it was a promo for the pro traders course. Then came the offer too good to refuse.
I felt really uncomfortable with the heavy sales pitch within a paid-for training course but still contremplated the offer. I found other training that seemed experienced but less salesy but more expensive.
But comments here helped with my choices. Thanks.
I have actually applied to work for this company and got invited for an interview where I met one of the directors. His vibe was shady and he was lying.
Not sure about everyone’s experience with academyft however I am currently enrolled, paid 550$ very happy with the risk management and strategy section of the courses, I have not been pushed to any broker (pipwhatever wasn’t mentioned to me at all), and I now have a lot of knowledge that I didn’t have before. I just started demo trading their specific strategy and I will soon know if it works, and I will post my demo account screen shot in 90 days and I am starting with a 10k account. I also took digital marketing coarse with the shaw academy (why not…any class is free after you pay for one class) because I own a website among many ventures and I was tired of paying for SEO inflated prices. With the knowledge I learned I was able to catch my SEO provider scamming me! I am enrolled in the next digital marketing class focusing more on google analytics and its application. I have raised my google ranking by myself (in a very small way) set up google webmaster tools and much more that I would have never known how to use. Not to mention I get all of there classes for life for 550$?? I love it. I plan on taking there new coding and web classes. Oh and if anyone thinks that I am associated to them I can assure you I am not, I own liquor stores and head shops and my new website is http://www.theglasspipeshop.com (shamless plug) I also happen to be a stock investment nerd and wanted to look at the trading side of things more, after I tried many times to make money in demo accounts and failed. I can say, they take forever to answer my emails but have answered every one so far ( i have one pending about my assignment to an account manager) If I have a bad experience then I will update… but I have loved it so far. Also, I think if you look at every educational offering on trading stocks as a scam I am sure you will only result in learning nothing, at least with these guys (even if I find out their strategy sucks) you get soooo many informative classes for so cheap, and they do get complicated to understand (I have a 4 year degree in BUSINESS Admin). Don’t be a sucker…but do be smart enough to get out of your own way.
Hi Ryan
So how is your demo account trading going so far ?
there are so many people on here saying this is a scam I am 50/50 on wether or not to believe it
so am trying to get some hard facts/evidence to prove this either way.
and the only way I think is to have some results from the people who are actually doing it.
looking forward to hearing from you
Sam
Ask Academyft for a live (real account) trading statement for the last 12 months that runs their trend based turtle trading system software. If they can’t or won’t provide it to you it means they don’t use it themselves.
This system would have failed miserably as we have been in choppy rangey markets with very few sustained trends in that time period.
You learn to trade by trading and in the process finding your own method that works for you.
You might have a natural ability, the psychology to succeed and the perseverance but you will be in the 1% category if you do.
99% fail predominately due to having ridiculous expectations on the and the wrong psychological traits required to succeed at trading.
There is no magic formula or system available on the planet that will guarantee you success.
Unfortunately there is thousands of low life scum bags claiming they have one and it’s all yours for $500
My advice is don’t even start trading unless you are prepared to put in thousands of hours initially for very little return.
Best of luck.
Wow! Someone who thinks like I do. Yes, Pete, agree, thousands of hours. And, scalping as most of these trade rooms advertise, is not for the newbies. It’s for the professionals who have computer power, deep pockets and lots of training. Yes, I believe trading is like any other profession, you have to put in the time and the work (and probably lose some of your money in the process). But losing money while you are learning rather than giving money to some huckster in a trade room is way better. At least you will learn to trust your own work. You can begin to learn using a sim before you use real money. Develop a plan, a system, with entries, stops, targets. Decide if you have the will power, discipline and tenacity to stay with it even through some tough times. Unfortunately many new traders see trading as the road to great rewards and great wealth. But don’t get lured in by the idea of making a fortune with little or no work. For that, go buy a lottery ticket.
I’ll give 4/5 starts to their introductory course (Foundation Trading Programme). Good deal for beginners at least for the price I paid, nothing more nothing less.
I’ve actually done it twice. First in autumn 2015 (5e through Groupon deal), and then re-took it as a refresher in January 2016 for free when they offered it for previous participants (who didn’t purchase the follow-up I imagine). While all the same education can surely be found online, for a beginner it’s a very well-presented package of the basics, with the possibility to ask any questions – which for a five euros is a nice enough deal.
I guess they’ve changed during the years, but I don’t remember them ever promising that the course makes anyone a trader, I don’t remember them “pushing” PipIndex in any way during the first time, and they definitely did not push it this second time. They did mention that PipIndex is what they use themselves, but were careful to refrain from actually directly giving recommendations, instead they just give some pointers on what to look for when selecting a broker. This second time they also did clearly disclose the fact that the AcademyFT equals Shaw Academy and that Shaw Academy and PipIndex are owned by the same people.
In terms of supplying information, their website is just horrible with all the obviously fake awards and all.
For the second course, Ultimate Traders Programme, seems like they have recently cut the price somewhat (795e was the “final” 72%-off offer in the autumn, this time the offer is 60% off at 395e). It apparently includes access to any other course they offer too.
While I’m tempted to jump on that, I don’t think I’ll be spending the money even though I’m definitely hungry to expand my knowledge and learn about trading and the markets. It’s just that all the information they put forth about the contents of the UTP is quite vague with the exception of how it includes access to their proprietary trading software and trading system.
If the premise of the UTP would purely be educational content as was the case with the first course, with the same clear presentation, I’m pretty sure I’d spend the money. They do present things well and answer any questions you might have. While they definitely don’t claim that their system guarantees wins or anything like that, just the fact that they have one just seems to make me too sceptical about the whole thing. I want to learn technical analysis myself, not learn how to use some software to do that. UTP probably includes both, but in which ratio is the question they’ve so far failed to answer.
Looks like these guys are now heavily marketing their $20 foundation trading course through their sister company Shaw Academy (not acdemyft) on deal sites (Groupon) to hook in more beginners.
The Shaw Academy marketing conveniently hides any connection to academyft even though it is the team in academyft who teach the Shaw Academy course.
TUT, TUT!!! From the immortal words of Joe Lewis “You can run but you can’t hide!”
Dear folks,
It may come as a shock to most of the people here, that regardless of the schools reputation or lack thereof, Most Trading programs are designed to teach you the mechanics of the trading game and financial market, RARELY will someone offer to teach you a winning system or methodology. WHY would they if its actually making REAL MONEY?? Methods that actually have a positive expectancy are very rare and highly sought out!!! No one easily or cheaply gives away the goose that lays the golden eggs! I am a day trader for the past 8 years and have a very successful methodology, cost me lots of blood, sweat and tears,! Because of my age and some incredible blessings I have had recently, I have decided to exchange it for a donation in order to create a glorious miracle for others!!! If you want more info you can go to GO-FUND-ME.com and look up my campaign called “Learn a life long skill-FREE”
God bless you all and much success in life!!!!!
Bobby acim, is that you!? Glad to see you back! You had two of the best threads ever on bmt! you said it! why would these vendors bother to “teach” for a fee if they were consistently profitable!?
https://futures.io/vendors-product-reviews/7424-ten-thousand-education-still-not-profitable.html#post85237
https://futures.io/vendors-product-reviews/9298-ten-thousand-education-finally-paying-off.html
Hi Robert,
I searched gofundme for your campaign and had no luck.
Can you provide a link?
Thanks,
Mike
I have to say that I was really surprised to come across the negative commentary here regarding the Academy of Financial Training. I don’t usually engage online this way, but felt compelled to at least give my input. I have completed the foundations course as well as the Ultimate Traders Program and found it all to be very, very educational and informative. The people I interacted with were never pushy or trying to sell me things. I completed the original UTP months ago, but now log in weekly for their live applications course, which is completely free. I have found them to be broker agnostic; they have NEVER EVER tried to push me into using PipIndex or any other broker, and it is actually very difficult to get them to make any broker recommendations at all. Nor do they push you into live trading. They strongly recommend you demo trade using their techniques for a year and only if you find yourself profitable should you then consider live trading. That is the stage I still find myself, and they have been extremely supportive. They call out of the blue to check in on me, and I have live phone chats and email correspondence all the time. So my experience has been 180 degrees different than much of the negative comments I read here!
I’ll tell you what, though. I plan on opening a $10K account and live trading starting in January. I’ll save the link to this website and re-post to let folks know how I’m coming along using the UTP techniques. I’ll save screenshots, too, if I can so I may share. They have stated that previous program participants have made modest returns of 25%-60% annually. My demo trading has not been that successful, but then again I have had problems mastering my own emotions and sticking to a purely mechanical system. So we shall see where I stand come the summer of 2016 and I will be happy to keep everyone clued in!
Any news? I just finished the foundation course and now I’m wondering whether to take the UTP.
Thanks in advance
I agree, I have nearly completed the Foundation Trading Course and so far I am quite impressed. They hardly mention Pipindex except in their live demo class where even then they made it clear we could use any broker. They did however automatically sign me up for a demo account with Pipindex. That being said every class people ask about brokers and they refuse to make any recommendations other than to use a STP broker and do proper research before picking one. They also tell people to use google and only go with brokers who are upfront about their fees on their webpage. It really came across to me that they want the broker to be my own choice. They also repeatedly encourage you to trade on demo only until you have developed a consistently winning strategy. They never make out you will be a professional trader when you complete the course. This is just a foundation.
I find the content of the course to be quite valuable and the presentation is quite professional. I just with they would provide course notes in addition to the webinars. I knew I could learn this free online but wanted a packaged course presented to me.
It has exceeded all my expectations and is worth much more than the $2 price tag I paid for it.
Hilarious!! They didn’t mention PipIndex as they got rumbled over 6 months ago that they made money when people lost in their trading account.
How much you get paid to write the shit? You sound like a staff member of academyft.
Your argument is bull. brokers make money on your trades regardless wether you win or lose money.
Bassaex, you obviously have no idea how this industry works or what academyft were/are doing here.
Practically 100% of all new traders lose all their money. FACT
Let’s say you put $5k in a trading account.
The commission generated from this over 3 months would be about about $300 for the brokerage.
Brokers don’t give a fuck about this commission. It’s peanuts and not enough revenue from a client to run a successful brokerage considering the cost to acquire a client is a multiple of this.
Most brokers will pay up to $1,000 in marketing just to acquire a ONE new trader. You think this $300 is going to be enough?
They need you to lose your $5k and that’s what they keep when you do.
If you make money, they have to pay this out of their own pocket (not from the markets) so they want complete naive newbies.
95% of the brokers out there operate this model.
Now academyft sent all their clients to their own brokerage (pipindex). This brokerage is in the 95% and is a casino broker benifitting when the client losses.
So they need the clients they educated to lose all their money and know they will based on the shit they teach them.
Both founders of the company (James Egan and Adrian Murphy) worked in one of these brokerages for a few years prior to setting up shaw academy/academyft.
They have seen how all new traders lose all their money within 3 months of starting no matter what type of education you provide them.
That’s how they made their money here.
$20 Groupon customers who they sold the dream to and then sent them to their brokerage and sat back while the customers lost all their money which went straight into their pockets.
You get it now Bassaex?
Hi has anyone been trading the with the utp ? and if so what are your results so far
Hi all,
I do not really know if i will follow the ultimate trade program. What i can say is that this company is clearly a marketing website with a lot of lies and for me this point is a serious problem to enroll the program. Too much lies with marketing and the incredibly drop of the price induce a confusion. In addition, the foundation program has not convinced me.
Concerning Pipindex, i confirm that they do not directly push to get an account but since they use it all the time, it’s a stategy to convince customers to get an account…I’m not stupid.
One other thing, I understand (in the previous comments) that the price was more than 3 000 $ for the ultimate trader program. I think there is a mistake since the ultimate program is offered to me for a price of € 395 instead of € 995 (and not 3 000 $). If not could you precise this price of $ 3,000.
Excuse me for my poor english but I’m a froggy french 🙂
Thanks for all your comments that are very helpful
The UTP is an end of day trend trading system for part time traders who can’t look at the charts. Effectively it’s combo indicator identifying higher highs, higher lows.
Working of Daily’s, decent trends happen 25% or less of the time so expect to lose 1 out of 4 trades as it is impossible to know when a trend will start and finish. You are looking for a home run trend like crude oil recently that will wipe out your losing trades.
A trend based system like this could wipe your account out before a home run trend develops. With the money management rules this company has in place it could be more like death by a thousand cuts as opposed to a quick blow up.
You will get caught up in stop and start trends that hit your stops by retracing or moving into range based markets rather than becoming super trends that move 500+ pips.
Professional traders trade based on what they see… trend, range, reversal so have a number of approaches/strategies up their sleeve dependent on the market environment.
They don’t stick to one approach when market conditions are not suited to that approach.
Unfortunately new retail traders want a magic money making system that all they have to do is follow some rules.
Wake up people!!!! This does not exist, yet there is no end of companies lined up telling new traders that it does.
Suggesting credibility be saying that their system is not a get rich scheme and they lose sometime etc is irrelevant.
Any system like this that is not adaptable means your success or failure is at the mercy of the markets which are completely unpredictable.
You are not learning to be a trader here. All you are learning to do is to blindly follow a system which will be hit or miss at best.
If you think that this is having an edge in the market you have no idea.
New traders are the perfect for this sales pitch as you they don’t know any better and it will all sound very convincing to them.
I would have one request! These guys are in business for 3 years.
Ask them to produce a live trading statement that runs the UTP software before handing over any money. If they won’t you have your answer!!!!
Anyone who paid this company for education (foundation or advanced course) and then deposited money with pipindex and lost part or all of this money would have a very strong case to sue the academyft to recover those losses.
Why? They did not disclose that they are the owners of the broker (pipindex) or that that this same broker makes their money when the traders loses. (It is a blatant lie on the pipindex website that they are an STP broker that only makes commission)
So, either the educators at academyft expect the traders to lose or are teaching them strategies that will guarantee they will lose.
What they have set-up here takes having a conflict of interest to a different level.
It’s like educating a turkey on how to evade capture by telling him to hid in your oven.
That’s the real story here!
“It’s like educating a turkey on how to evade capture by telling him to hid in your oven”………This line is the best conclusion one can take out from this Scumbag Trading Incident !!! Great (Y)
Lol! Definitely adding that analogy to my repertoire.
If PipIndex are a white label where’s the money going?
I ran a credit check on them and they have £500 in the bank?!
You have to take into consideration that Trading is a full time Job that takes total dedication and focus for many years.
Any person that is trying to ”Teach” someone to trade full time is obviously NOT a full time Trader, most likely someone who knows the market very well but could not make it as a trader themselves.
Its pretty obvious but most people fail to recognize this fact.
Ask the ”Teacher” if they Trade full time for a living. If they do then get some verified trade records off them. If they cant supply this, run a mile.
If they are a full time ”teacher” then they are definitely not a full time trader and definitely NOT worth your time and money.
The teacher makes it clear that they are all part time traders and that they typically spend about 1 hour trading per day and that is all that is required from part time traders in this course.
Hi Jon. So according to your argument, no one (good enough) would EVER be able to teach people how to trade? Because if you are good enough to be successful, you will be trading full time and won’t have the time to teach. And if you are not good enough to be a full time trader, people should not learn from you? So ALL trading teachers are bad, because they have the time to teach, meaning they are not good enough? Oi… Wonder how they learned the tricks of the trade?
Hi Andres,
Can you verify your 6 month track record you mentioned above for all the readers to see here?
Maybe show a copy to Emmett Moore. Are you prepared to do this???
Also saying that they did not recommend pipindex to you is very suspect.
Anyone I know who did their foundation course was pushed to pipindex very hard with on-demand presentations of the pipindex platform running every week.
It is very coincidental that as soon as it is disclosed online ( in the last few weeks) that both companies have the same owners and that pipindex is a market maker (makes money from peoples losses) all these comments pop up that the academyft did not recommend or push pipindex as the broker to use…….. absolute bull shit.
This is a damage limitation PR exercise by the owners.
Ask yourself this questions….
1. Why did they hide the connection for two years and get someone else to front the company for them instead of putting their own names down as the owners?
Answer: The broker (pipindex) makes their money from client losses and it is a blatant lie on their website that they are an STP broker that only makes commission. That’s why!
If pipindex was really an STP broker they wouldn’t be distancing themselves from it.
A true STP broker would have no conflict of interest and so there would be no need to hide the relationship from Day 1. Anyone else smelling a rat here???
Think about it, they have educated thousands of complete novices with a mickey mouse foundation course and sent them to pipindex knowing full well that all of those people would lose all if not most of their money.
And now when they are rumbled, suddenly that don’t care which broker you go with?? Get Real!!! Do you think people are that stupid???
They make $20 on the foundation course and about $1,500- $3,000 on losses from the clients trading account with pipindex. Who are they fooling that they don’t care what broker you use. Please….!!!!
To the Owners!!!
Hire better PR people to sell your bullshit story as the crap that’s popped up in forums in the last 2 weeks from YOUR team since the disclosures is insulting to anyone with an IQ over 25.
Fred,
It is true that the metatrader platform that they were using for the demonstrations etc was from PipIndex but they did not even mention them during the course that I undertook. As I said this is based on my experience and you have obviously heard different from other people.
If I am wrong with this next part please forgive me but I sensed a slight undertone. I am in no way affiliated with them nor have I been employed to SELL A BULLSHIT STORY, I have purely stated my own experiences with them. The course was gifted to me by my girlfriend for christmas last year (did that and as I said above you could easily get the same with babypips first steps) and then did the utp course pretty much straight after it finished. I am actually in insurance but was always interested in the markets and I am fine with privately sharing any detail to prove this.
I am not prepared to give any sort of financial detail but my account has increased by around third. This may not seem like a great deal to many of you but to someone that has dabbled before and never made anything out of it I am happy with it.
Please do not assume that everyone that posts is connected with them. I had a good experience with them but others may not have.
Thanks for sharing your experience, Andres. I too completed their full course (foundation then UTP) and never, not once, did they try to talk me into using any specific broker. On the contrary, they did the opposite and refused to give me broker specific advice. I would welcome corresponding with you to find out more about how you have been able to profitably apply the system. I am still demo trading but plan to live trade in the next couple of weeks.
Hi Jude
How is your trading going, using the utp strategy ?
Sam
Just finished the Foundation Trading program. I heard PipIndex mentioned once in the first couple of sessions and never again. Until I started reading through the comments, I had forgotten it was mentioned. What I did hear was get a broker, any broker, and do your research (strategy and risk management) before trading. The instructor and support advisor both emphasized risk management and view trading as a secondary income…start small and grow with profits.
I typically do not get involved in the “Comment” section back and forth but your comment is completely contrary to my experience.
Yeah, Pipindex not mentioned to you as they got rumbled before you started your course. (about 2/3 months ago)
Do you actually believe that It’s was not mentioned because they suddenly grow a conscience and felt bad about teaching you how to trade and then sending you to their own brokerage where they make their money from your losses even though they have been doing it for the last 2/3 years.
There PipIndex business would not survive unless there was a high failure rate from the clients they sent there.
It is highly likely that either the FCA or the Central Bank of Ireland warned them not to recommend their own brokerage due to the outrageous conflict of interest. (They teach and they make money when you lose!)
The question you need to ask yourself is if this is what they did in the past what does that tell you about their integrity and honesty or the chances of you actually making money based on what they have thought you?
Do I need to say anymore???
I did both the foundation course and the ultimate traders program. The foundation course was as described, an introductory course giving you a basic knowledge of markets, trends etc. (if I’m honest this could have be learned on babypips). However the UTP was incredibly well presented, informative and helpful.
I have been trading the strategy and using the indicator for over 6 months. I have made a good profit (I will not disclose the percentage) and my account is getting healthier every month which when you bear in mind the majority of traders lose puts me in good stead. I am and will continue to learn not only from them but other sources.
In my experience it has worked, given me the confidence to trade and is making me a good profit from having no prior knowledge, therefore I would recommend it.
I have personally found this review confusing as it has gone against my entire experience with them.
On a final note I did know the connection between the academy and PipIndex however in no way was this pushed on the course. They did not recommend any broker even when asked and purely advised us to research who we would be dealing with
I did both the foundation course and the ultimate traders program. The foundation course was as described, an introductory course giving you a basic knowledge of markets, trends etc. (if I’m honest this could have be learned on babypips). However the UTP was incredibly well presented, informative and helpful.
I have been trading the strategy and using the indicator for over 6 months. I have made a good profit (I will not disclose the percentage) and my account is getting healthier every month which when you bear in mind the majority of traders lose puts me in good stead. I am and will continue to learn not only from them but other sources.
In my experience it has worked, given me the confidence to trade and is making me a good profit from having no prior knowledge, therefore I would recommend it.
I have personally found this review confusing as it has gone against my entire experience with them.
On a final note I did know the connection between the academy and PipIndex however in no way was this pushed on the course. They did not recommend any broker even when asked and purely advised us to research who we would be dealing with.
How are you getting on now? If you have being using their trend based software (trends happen 20% of the time) and we have been in a choppy range bound market for the last 6 months you must have lost your bollox!
Folks…..
Education, in this business is another code word for SCAM.
If anyone is that good at trading, they would not be teaching , they would be doing …
A great “Good Will Hunting ” movie quote :
“You wasted $150,000 on an education you coulda got for a buck fifty in late charges at the public library.”
I doubt the training is any better then babypips dot com which is free and well produced.
Oh OH….now I am nervous. And I am committed financially for the course…. and part way through the Ultimate Trading Program [UTP]. Got a reduced fee of 72% off the regular price of $3K+. It was offered, and I must say strongly promoted with a deadline to accept, on completion of foundation training.
I did the foundation training via groupon $19. Very interesting and informative. I was quite keen to continue!
The UTP seems to be on the up and up, and very intense, information and material wise. It is 6 weeks long with on line webinar sessions on Tues, theory (+/- 2 hrs) and Thurs, application (+/- 1 hr)
I have just finished week 3. Totally impressed and pleased…and gladly take advantage of being able to review all previous sessions. The material taught is extensive and can be complicated.
All sessions are available for review approximately 24 hrs after the original is aired, through member login. And you never pay again. Participants are free to retake subsequent 6 week courses as long as desired, or any portion.
They stress over and over not to do any live trading for some time yet. Apparently there will be plenty of demo practice, using their methodologies, which has heavy emphasis on risk management. I am completely new to this but their indicators and techniques, entry and exit strategies, stop loss calculations, make perfect sense to me.
In the beginning they state they use pipindex broker, (I think transaction costs were part of the reason?) but tell participants they are free to choose their own broker.
This program is run out of Ireland, with English and Irish instructors. I get the feeling most program participants are European, NZ, Aussie, and some Americans and Canadians in the mix.
Participants are told, that after completion of the 6 weeks, they can attend weekly live sessions on Wednesdays where members discuss and analyze the previous weeks market.
They readily admit they are all professionals in their chosen fields…..not professional financial traders. They say they are part time traders. They have come together and developed what seems to me to be a totally valid and legitimate course. They admit they are wrong in their chosen entries about 55% of the time. But their wins 45% of the time make good overall profit. They do not boast or promise quick enormous returns. This is not the time or place, but their risk management philosophy and system/method cuts loses quickly. And the whole thing is totally believable.
To me this is the real thing. I have not, and will not send any money to any broker until I know what I am doing. If this turns out to be a scam I will be quite surprised and disappointed. However the $ for the education is worth it regardless.
I am, to this point, very optimistic about what this is, and where it is taking me.
I would like to hear from anyone who has completed their UTP course and has progressed to the point where they are trading on their own. Found this site looking for testimonials from outside the reach of the Academy of Financial Trading…..landed here first.
hi how did your UTP go? I did mine a couple years ago and was just looking for some current info on the company and found this.
Hi,
I am doing my UTP since 2 weeks. And I agree with your statement.
Hi Kako
how is your trading going using the utp strategy ?
Sam
Hi Sam, it is boring at this time and very Time consuming. I will have a Look at this courses later on. Now I think that they make it more complicaded than it is. The Strategie is not the Money worth. Be carefull. Because the Academy and the Broker have the Same owner. And i have read that the Broker Earn 50% on lostt trades. Probably They want you to loose. I do not Say it is wrong what they are teaching. But….
In my opinion they seem on the up and up. You don’t have to go to Pip index which they disclose as a related company AND you can test their strategy out on demo accounts with no real loss and do so with other companies.
They lost a lot of revenue when it was disclosed by this site that they make money from your trading losses through their brokerage pipindex.
They only disclosed it to you because it was disclosed here first otherwise they would still and probably still are violating customers who have not read this review.
Anyway I don’t know why I am even writing this, It’s clear you are an employee of academyft or a paid up shill.
Only in the last 2 weeks has the brokerage PipIndex disclosed on their website that their owners also own academyft after 2 years of concealing this. They have also just recently disclosed this on their trading community website: communityft.com
It would seem that the bulk of the clients that academyft send to pipindex (B Book Broker who make their money from client losses… AKA.. A Casino) are the $20 foundation course customers.
So they teach these unfortunates what is a doji, how to identify support/resistance and some BS about counter retail trading (WTF?) and then send them to pipindex knowing full well that these clients (marks) have no chance in hell of succeeding.
The clients blow up their whole trading account wondering where it all went wrong while the owners of both companies sit back and keep the trading account losses for themselves.
Academyft (knowing this) then contact those same clients again and convince them to take their advanced course. “They need more training!!”
The clients who take them up on their offer and do pay for this new advanced course then re-deposit with PipIndex and the cycle starts again.
I don’t think what they are doing is illegal ( I could be wrong) but I do know that morally it is reprehensible.
Academy of Financial Trading
But also they told everyone in the FTP that the Students only should Open a Demoaccount where ever they want.
Did you find this review helpful? Yes No (2)
Thank you for your comments. Does this mean no one who has purchased the
Ultimate Trading Program been profitable at all? And your saying there is no ongoing
support even though they advertise that you will get lifetime support when you
purchase the Ultimate Trading Program? Their Foundation Trading Program is
very convincing but after reading the above comments I don’t want to be scammed,
so I guess its not worth buying.
Definitely not Judy, keep away from these guys
I am doing the ultimate trading program, and for me its pretty good. You can choose
any broker not necessarily pipindex.
Anyway if you loose money its your own fault, not because you just do an online course. I learn much more than I knew before.
I used to work in the offices next door to these guys before they moved – Pip Index and Academy FT are the same company (as well as a couple of other companys – Shaw Academy for one), get mail for them all the time now. Friendly enough, but the company was mostly sales staff as far as I could make out.
Exactly correct Peter, having had experience dealing with this company, it is an absolute scam where they are sending people to lose everything they have. The people who then lose what they have, after trying to trade without doing the advanced course then believe not doing the advanced programme has actually affected their trading and are offered the chance to do the course again and again. This discount is never ending, they have been harassing me with emails and calls for the last two years with the chance to redo the course, hoping you’ve lost some money in that time and are now stupid enough to do the course. Having spoken to a friend who did the the course originally around the same time as me and then went on to actually do the more expensive course. There is no support, you will not make any money, ask for proof of an account that has been traded using the strategies they ‘provide’ you with and you cant get it, because it doesn’t exist. But if you don’t follow everything they tell you to do, that is their get out clause as to why you didnt make any money and they are not liable for anything. AVOID AT ALL COSTS. Do yourself a favor, its winter, BURN YOUR MONEY, at least it might keep your hands warm. Because this scam company, ACADEMYFT.COM, PIPINDEX.COM and SHAWACADEMY.COM (see Daves comment below) will leave with no money to pay the bills. This is a very accurate review. IT IS ALL PRESSURE SELLING, DO YOURSELF A FAVOR AND DO NOT BUY ANYTHING. ITS ALL LIES.
I did the foundation program and was very impressed, i signed up to the ultimate traders program for £250 which at the time seemed like a bargain. I was supposed to start the course in september. I’ve not heard anything from them it now, it feels like they’ve run off with my money. Thieving Barstools, don’t trust them at all. Has anyone else had this experience
Hi Tim,
What happened? Did you get to do the program?
Julie, having had experience dealing with this company, it is an absolute scam where they are sending people to lose everything they have. The people who then lose what they have, after trying to trade without doing the advanced course then believe not doing the advanced programme has actually affected their trading and are offered the chance to do the course again and again. This discount is never ending, they have been harassing me with emails and calls for the last two years with the chance to redo the course, hoping you’ve lost some money in that time and are now stupid enough to do the course. Having spoken to a friend who did the the course originally around the same time as me and then went on to actually do the more expensive course. There is no support, you will not make any money, ask for proof of an account that has been traded using the strategies they ‘provide’ you with and you cant get it, because it doesn’t exist. But if you don’t follow everything they tell you to do, that is their get out clause as to why you didnt make any money and they are not liable for anything. AVOID AT ALL COSTS. Do yourself a favor, its winter, BURN YOUR MONEY, at least it might keep your hands warm. Because this scam company, ACADEMYFT.COM, PIPINDEX.COM and SHAWACADEMY.COM (see Daves comment below) will leave with no money to pay the bills. This is a very accurate review. IT IS ALL PRESSURE SELLING, DO YOURSELF A FAVOR AND DO NOT BUY ANYTHING. ITS ALL LIES.
hi I did the foundation and the ultimate traders course a couple of years ago and it seemed pretty good to be fair. I had the phone calls which were sales pitches but I asked a lot of questions and was by no means an easy target. It was something I wanted to learn and give a go in my spare time and they offered beginners the information. they promote their strategy and only advise doing it their way. I was never pushed to go to any broker, any time a question was asked about which broker to use they were reluctant to say because of different brokers having different terms. They used a platform called meta trader I believe and they were constantly bringing up that anyone wanting to trade should spend quite a few months applying the techniques and knowledge in a ‘play money’ account.
I have never had time to actually sit down and start trading yet but I will and the information the offered me essentially gives me a greater understanding of what to do.
Hi Emmet,
Here is the real story on the awards marketed on this companies website.
Global Banking and Finance do exist as do give out these awards. However if you want an award from them you must pay them a substantial fee (up to $10k) to get the one you want.
They call this FEE a marketing package that you are purchasing from them (they will advertise you on their website etc.) If you don’t buy the marketing package you don’t get the award.
If they don’t have an award you want they will make it up for you as long as you BUY the marketing package.
No due diligence is done on the service your company provides in the category you want the award in and no comparison is done with any competitors in your industry. You just PAY the money and you get it.
Just another con job to fool the unsuspecting public that the company they are thinking of doing business with as some degree of credibility.
“Best online trading company in the world!!” What a joke!
hi while reading the comments, they are opt on convincing individuals to invest after the course? so you are oblige to invest on their preferred “STP” once you are enrolled? or can just say “NO” or has the options not to invest?
This company refers all its clients to a broker called pipindex.com. It is worth investigating if there is a connection between the owners of academyft and pipindex, which seems likely.
Pipindex claims to be an STP Broker (earns commission only) however it is a trading name of FINSA Europe which offers its white label partners (pipindex being a partner) a shared B book meaning it will split all client losses 50/50.
Technically Pipindex can call itself an STP Broker, as it does not operate its own dealing desk internally as all it trades are managed on Finsa’s dealing desk.
Why would a trading school send its clients to a B book broker who makes its money from losing traders unless 1. The majority of its clients lose (As a B book broker does not want winning traders) and/or 2. They have a financial stake in there clients losing.
A true STP broker deals directly with liquidity providers so would never operate or outsource to a dealing desk (Finsa Europe). it just ridiculous to suggest otherwise.
The key question here is what the connection is between academyft and pipindex? My guess is that either 1. The owners of acdemyft have a stake in pipindex or 2. Pipindex are giving academyft a sizeable kickback on all client losses.
So the real business model is focused on getting naïve beginners, convincing them they will become professional traders with the real objective of getting them to deposit into a trading account with pipindex.
They have generated their leads through deal sites such as Groupon so the actual graduate numbers mentioned above (120k+) are probably accurate however the vast majority of these graduates are coming from their beginner course that they charge approximately $20 for, on these same deal sites.
The real money in this industry is from losing traders not education. 95% of new traders lose all their money within 90 days and the average loss is approximately $3,000. The brokers are the real winners here.
So do we really think that academyft are making their money from selling trading courses through Groupon for $20 or focussed more on getting their clients to open live accounts through pipindex and benefitting from the client losses one way or another?
Hi, I was so curious to take part of the trading course which is organized by Academy of Financial Trading. I have to admit, that the teachers were extremely professional. I even got my personal tutor, who was answering my questions if needed. It was a really well organized course and the material is excellent. I can recommend the course to others.
hi! wow I just enrolled on this online trading course, and eager to find some reviews about them, glad I found yours. They sell the online course at a very low price, I didn’t start the course yet because I wasn’t able to attend the live webinar yet the videos not yet available,
Hi Emmett,
Appreciate the review. I’m actually quite pleased by the company’s foundation program bought at a bargain ($20) and do some research before opening up the wallet a bit more for the ultimate program. Please note that the awards seem to exist at globalbankingandfinance.com/global-banking-finance-review-awards-2015
Would also be interested to know your thoughts about >34k likes on their facebook page. Best regards Phil
The likes on their page were purchased!
Can you Prove this. Give me solid evidence.
Who gives a fuck about likes as if that is an endorsement of their course. They got the client to like them when they signed up and then proceeded to violate them when they sent them to their own brokerage where they pocketed the money those same clients lost.
You pushing for proof that likes were purchased strongly indicates you are an employee of academyft/shaw academy/Live financial academy or whatever other new name you are calling yourself to sell this shit and fuck over people.
Get a new job and do something with your life that contributes to society.
I’d say that we’re not yet so stupid that we evaluate the quality of a product based on the number of social media likes it got. We may be close but we’re not there yet.
Good review Emmet, but there are a lot of things you missed out. It is not even close to being complete. Contact me if you want to know the full story behind this scam company and it’s rip off business model.
Hi mike, actually I’m interested in buying the ultimate training program, however before doing so would like to hear your thoughts about this company and if you can advice me if this program is useful or just another fake one. Thanks for your help
Hi,
Im curious to know if you went ahead with the program?
I just started the 10 course Foundation Trading Programme, since I was introduced by a friend there is no fee. Now after the 3rd personal call from my ‘mentor’ it’s starts to feel like a direct marketing campain. And a quick background check of my mentor confirms: someone with marketing background. So i’m well warned for follow up sales pitches allong the course. Thank you all for the thorough research!
Make that 1000 reviews to find a good one .