Market Traders Institute (MTI)

  • Country: United States
  • State: Florida
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Market Traders Institute (MTI) Complaints and Reviews

Feb 5, 2016

The Con Man and His Mentor

This article from Bloomber would be useful to know for all how consider doing anything related with MTI:

http://www.bloomberg.com/news/articles/2015-05-11/currency-con-man-says-he-got-by-with-some-help-from-famous-friend
Jan 5, 2016

STAY AWAY FROM MTI!!

MTI used deceptive advertising tactics on me in my opinion ....the rep. sent me the most recent results of the Chiefs Trading Club which looked very good. The results were basically fabrications to entice me to send them cash. The rep. admitted to me when I asked for a refund that the advertised results of Pips Earned actually included Daily Trading Range numbers where Pips Earned numbers should have been placed. THIS WAS NOT A MISTAKE...this is fraud in my opinion. The Daily Trading Range numbers were placed throughout the most recent trading results....clearly not a mistake. I urge everyone to STAY AWAY FROM MTI... they are aggressive hucksters...and will fabricate trading statistics and use deception to get at your money.
Dec 29, 2015

Na wa oh

This is a bad PR ooo.
Oct 29, 2015

Their motto! We never leave a client behind, what a LIE

I joined MTI in Spring of 2015 and was enthusiatic to learn the trading business. I had been given a discount from their original price and thought I would be set to go. There are a few things I learned the next few months, watching their webinars and sales tactics. Every time you watch a webinar, you can be sure they are trying to sell you their techniques at exhorbitant prices. It never stops. All I can say, do not give out your phone number when asked. I thought I finally got a hang of it and started earning a few pips when the bombshell came in. I was logging on and there was an automatic updating of the software and then I was no longer able to log into the account, even though I had two trades running. I did not know why and called the number given. I was told I had not paid the monthly $199.00 fee that was due after the 6 month trial period. I was shocked. How come I did not know. I was also told that this fee was due since I had received a discount on the price. That was new to me as well. I said I have two trades running and first they said their is nothing they can do about it but then they called me and said to call Forex.com and they would help me. I am still not able to use the software and all the money I invested with the MTI company (almost $7,000.00) is down the drain. This is not right. I WAS LEFT BEHIND BY THEIR GREED.
Oct 21, 2015

Scammers

Hello,

Please read thru my entire opinion. I would like all the readers to trust my opinion

Honest Opinion: MTI = Thieves, robbers scammers and greediest bunch of people on the planet.

Ive been a client of MTI for 4 months. Im an average trader with good amount of experience trading, About MTI, They are so enthusiastic till you join them. Once you are in they forget about you completely. They make more money selling their UTP package then trading themselves. Since day 1 I didnt recieve any support whatsoever. All the MTI's analyst have different view about the market. For ex: Few say eurusd going up and few are against it. As a student I got very confused by their views. All they like to do is promote their course and make money thru it. Dont get trap with their fake promises. You'll be very confused after joining them. Hope you'll make a good decision after reading my thoughts.

Thanks,
Imad
Oct 5, 2015

Strange behaviour

I've just attend one of these webinars , I was about to get into it , I'm lucky I was to broke for it and my credit card declined the payment , on the phone the operator asked me for my full credit card number which was strange so that's when I've said I could not give this type of information so he came back with the alternative of a paypal payment but I've read all of your message and thank you god I was luckiest broke guy ever
Sep 28, 2015

Just paid $27.00 for 30 use

After reading all these nightmare review, Im calling first thing Monday morning for a refund, hope I get it. And Im going to ask them to cancel my subscription asap!, They better not try and charge me $147.00 the following month. So tired of these rip offs, wish I had read all these before giving them my credit card number.......thanks everybody for the heads up......
Sep 3, 2015

MTI Student since January 2014

I saw the free webinar and was impressed. My forex trading was horrendous to that point in time and I needed help, so I signed up. Their sales guy was a little pushy which made me hesitant, but I liked the webinar. You get their basic course which gives you all the information needed to make quality living in the forex market. What they don't provide with initial fee, is how to apply all the overwhelming information. Most students flutter and make mistakes and lose money. MTI steps in and offers additional courses and help (at a high price) that show you how to apply the information. They charge annual fees to continue with the charting software, data feeds and other things that can help. That is their business model. The other approach, attend the FXChief's webinars (held twice a week) and he shows how to apply the information. It takes more time to get the knowledge on how to apply everything, but less expensive. I'm just starting to understand this game and make money in the forex market. I expect to quit my job and trade full time within the next 6 months. The information they provide works!! It may be helpful to understand the business model before signing up. The account reps are all salesmen and some of the client webinars are held by salesman/traders. Do you want to make money on the forex? If so, you have to get educated from people that know how to make it work. There are no home run trades and you have to stay dedicated to learn and make it work. Good Luck!
Jul 27, 2015

Scammers

Utterly ruthless and thick skinned outfit Mti is. Lost money in exchange after a great hassle getting my deposit back in GBP. Took 2 instalments well before they were due, just interested in our public's money. Were chasing me intensively to get on board; once signed up no attention paid for 2 days. Fought for a refund which I received but an $80 short. Going to go EVERYWHERE to advertise them!!
Jun 29, 2015

A recently signed up student

I recently signed up and have had a great experience with MTI. I am taking the Options Course and they have been very good at answering questions in webinars, emails and taking phone calls. I am turning my portfolio around after bad experiences with other services. I was skeptical, but they have proven to be a value to me in a short amount of time. I have not made back the money that I paid for the school, but I have only been with them for two week. All of my option trades are in the green, so I am expecting it to pay off with a full RTI fairly soon. I have reasonable expections, but want to see success quickly. With MTI I believe I will.
Jun 22, 2015

MTI Student

MTI are aggressive in terms of their never ending sales tactics and as a student of their UTP class I can say there is room for improvement in a lot of areas..

BUT you have to stick with it to get the benefit - I did and I am now trading forex full time and it is my only means of income and I have enough profit, for me and my family, to live comfortably (in the UK which is a f'cking expensive country to live in) and we have disposable income and savings - all from FX trading.

I am not an aggressive trader, but I am disciplined, determined and put in a lot of hard work to make the UTP course and the available support from MTI work for me.

Don't expect to get rich quickly, and maybe not everyone is suited to forex trading - read up on the emotional and physiological side of trading to see if your personality matches.
Jun 17, 2015

MTI

I signed up for 1 month of market scanner, just testing the system. So far the signals are accurate on the larger timeframes. As with any new system I compared it with Vintage Point and TD AMERITRADE to have triple layer of conformation. My suggest is to work with a qualified broker and papertrade until you have a 70% win ratio. The stops and profit targets on the scan tool are a tremendous benefit. As with any trading start small maybe with$ 10,000 with leverage, which translates to $300 in margin on hold and slowly build into $100,000 or more. The trading is very each to scales up over time. The number one rule is to protect your capital. Develop your own system. In closing look into Norman Hallett, the dicipline trader program, he has excellent programs in areas that can be of great benefit to thoses who want to be an independent trader. Trading is a lonely craft, 75% mental and 25% know how. Hope this helps. regards, jb indiana
May 26, 2015

Honest Opinion: MTI = Thieves, robbers scammers

Hello,

Please read thru my entire opinion. I would like all the readers to trust my opinion

Honest Opinion: MTI = Thieves, robbers scammers and greediest bunch of people on the planet.

Ive been a client of MTI for 4 months. Im an average trader with good amount of experience trading, About MTI, They are so enthusiastic till you join them. Once you are in they forget about you completely. They make more money selling their UTP package then trading themselves. Since day 1 I didnt recieve any support whatsoever. All the MTI's analyst have different view about the market. For ex: Few say eurusd going up and few are against it. As a student I got very confused by their views. All they like to do is promote their course and make money thru it. Dont get trap with their fake promises. You'll be very confused after joining them. Hope you'll make a good decision after reading my thoughts.

Thanks,
Imad
May 21, 2015

Avoid this company

This company uses deceptive tactics to sell their products. They give the image of success but their trading method simply does return consistent profits. I can vouch for this has I have tried following their analysts and trading plans off and on since 2013. There are much better sources of free information out there.
May 18, 2015

Thanks MTI for your refund

I have my refund back, thanks MTI!
I just bought the Ultimate Market Scanner after watching their webinar and tried for 2 days and found that the signals is not very stable. I would continue to use if they are EA / Robot style but by manual, it caused me some time to regularly checked on the latest signal and have to update them into my MT4. I found it difficult and wrote to them regarding this matter (Actually I don't know they offer refund). After cancelling their service, they sent me an email asking me the reason of cancellation and told me that they can refund to me. After that, the first email i received is informing me that they are processing it, and the second email is informing me that they have confirmed the refund. Today (18th May 2015) early in the morning, when I wake up and check my credit card online statement, I found that they have refunded to me. I don't care what others said about them scam or whatever, I just experienced their service is good. At least what they promised, they will do. Thanks Market Traders Institute for your refund, you deserve my 5 Starts Review.
May 18, 2015

I have my refund back, thanks MTI!

I just bought the Ultimate Market Scanner after watching their webinar and tried for 2 days and found that the signals is not very stable. I would continue to use if they are EA / Robot style but by manual, it caused me some time to regularly checked on the latest signal and have to update them into my MT4. I found it difficult and wrote to them regarding this matter (Actually I don't know they offer refund). After cancelling their service, they sent me an email asking me the reason of cancellation and told me that they can refund to me. After that, the first email i received is informing me that they are processing it, and the second email is informing me that they have confirmed the refund. Today (18th May 2015) early in the morning, when I wake up and check my credit card online statement, I found that they have refunded to me. I don't care what others said about them scam or whatever, I just experienced their service is good. At least what they promised, they will do. Thanks Market Traders Institute for your refund, you deserve my 5 Starts Review.
May 11, 2015

STAY AWAY FROM MTI.. THEY ARE SCAMMERS

Market Traders Institute (MTI) is a total scam... they are scammers. They never trade themselves, they just sell fake things to traders. please, please becareful with them. Why will someone be selling a winning system, that can make billions of $$$$ as they say so cheap? They thieves,scammers.. STAY AWAY FROM THEM.
Please read here before you buy their trash.
http://www.bloomberg.com/news/articles/2015-05-10/it-s-not-just-greece-china-s-retreat-threatens-european-bonds
May 1, 2015

Market Traders institute UTP cheating the stats

I purchased a months trial of the Ultimate trading package (UTP). I placed a number of trades that the package recommended and found that some recommended trades disappeared. I thought I must have made mistake in entering the wrong trade. So I then started taking screen shots and logging everything I did. Since then I have discovered (with screen shot evidence) that their system removes trades going badly even before they have stopped out. They therefore proudly and fraudulently display stats about 80% success having removed bad trades (I suspect those that their system suspect are going to crash out, or those more than half way to stopping out).

There trading webinars constantly draw your attention to these wonderful success stats. Its only now I realize that they manipulate the figures.

I could make random FX trades look good if I kept the good ones and removed the 30% doing worst. I would have a 70% success rate. This is essentially what they are doing while applying FX technical analysis that gives them a small edge. Using their Ultimate trading package I have lost 7 out of 10 trades.

Stay well clear. Don't believe their stats. They ought to be reported to the authorities for fraud.
Mar 31, 2015

Reaching out

Hello everyone,

I’m a representative with Market Traders Institute and I would like to have the opportunity to chat about the concerns some of you may have.

While some of our analysts trade in demo accounts, they do have live accounts that can be reviewed at MyFXbook.com. Here’s an example from Joshua Martinez: http://www.myfxbook.com/members/FXPathfinder/fxpathfinder/367312. If you’d like more examples, please give us a call us at 1-800-866-7431 ext. 239 for more information.

You are correct that there is a lot of great information on trading available for free. However, we provide more than just free information in the overall package. The Ultimate Traders Package on Demand™ includes trading tools and systems, Mentorship from professional traders and personal help from our Account Executives, alongside in-depth interactive lessons within Analysts on Demand™.

We do want to take the time to apologize if we have called you at an inconvenient time. We serve tens of thousands of students worldwide and in order to accommodate them, we have a dedicated team of education specialists working (sometimes till 10:00 pm ET) in order to serve everyone, so sometimes an incorrect call is made.

If you would like, we have a staff of more than 100 individuals dedicated to helping you and we’d like the chance to address your concerns on a more personalized basis -- giving you the attention that you deserve. To reach us, please call 800-866-7431 ext. 239.

Again, thank you all for reaching out we appreciate your feedback and hope to hear from you soon.
Mar 25, 2015

RMBQiEsPOQ

If you’re a potential inesmtvent player who’d like to make it big in the business and financial world, then you go for trading. The , also known as the foreign exchange market is one of the largest financial markets in the world with and estimate of $1.5 trillion turn-overs every day. Here are a few strategies on how to make it big in the market. Strategy One: Know your market. The best way to get advantage, earn profit and minimize losses is to familiarize yourself with the market and how the whole system works. In the market, the players are usually commercial banks, central banks and firms involved in foreign trade, inesmtvent funds, broker companies and other private individuals with large capital. With the speed and high liquidity of asset, most companies engage in this business than in any other trading venture. Transactions are done in a jiffy; there are no membership fees and there is always the allure and promise of big, big profit. Trading is done in pairs. The most commonly traded currencies are usually the US Dollar, Japanese Yen, Euro, British Pound, Canadian Dollar, Australian Dollar and the Swiss Franc. The more commonly traded pairs are the US Dollar and the Japanese Yen, the Euro and the US Dollar, the Swiss Franc and the US Dollar. In trading, everything is speculative and virtual. There is no actual product being sold or bought. The activity mostly consists of computed entries made on the value of one against another. Say for example, you can buy Euros with US Dollar, hoping that the Euro will increase it value. Once its value rises, you can sell the Euro again, thus earning you profit. Strategy Two: Learn the language. There are three concepts you need to know in the market. Pips refer to the increase of one hundredth of a percent of the value of the pair you are trading. Usually each pip has a value of $10 or $1. Volume is the quantity or amount of money being traded at one particular time in the market. Buying is the acquisition of a particular . A trader buys with the hopes that the price of the will increase. Selling is putting a up for grabs in the market because of a potential or possibility of a decrease in its value. There are also two techniques of analysis usually used in this business – the fundamental and the technical analysis. Technical analysis is usually used by small and medium players. Here, the primary point of analysis revolves on the price. Fundamental analysis, on the other hand, is used by bigger companies and players with higher capital as it involves looking at the other factors affecting the value of a particular . In this type of analysis, the player also looks at the situation of the country, particularly issues like political stability, inflation rate, unemployment rate, and tax policies as these are seen to have an effect on the ’s value. Strategy Three: Develop a sound trading strategy. Your trading strategy would depend on what kind of trader you are. The basic thing with developing a trading strategy is to identify what kind of trader you are. A good trading strategy should lessen, if not, eliminate losses. Plan also the size of your transactions. It is better to conduct many different trades than one huge transaction. Not only does it develop discipline, but it also lessens any possible loss as only a fraction of the capital is affected. Part of a trading strategy is developing the values of discipline and proper money management. Strategy Four: Practice. Try paper trading, a great way to practice your skills, see how the market works and get acquainted with the software and tools being used. There are online brokers who allow free paper trades, which allows practice and experience before doing it with real money. Strategy Five: Choose the right dealer. Make sure that they are regulated by the law. Take not of dealers with inesmtvent schemes that give out too-good-to-be-true-just-false-hopes promises. Look at inesmtvent offers before getting started. trading may seem easy and manageable. But the emotional stress, the demands and challenges of being a trader requires more than just the knowledge of the market. It requires more than just a keen and sensible head for business. It’s all about a gameplan, a strategy. http://jqvopbbo.com [url=http://avhyho.com]avhyho[/url] [link=http://lzevekmg.com]lzevekmg[/link]
Mar 23, 2015

BpSzVJUSeKI

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Mar 20, 2015

iKGfBOWIPtU

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Mar 18, 2015

lBFqkUcpWLhsvOsrb

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Mar 17, 2015

fjnwZOmkCGvX

Ini ada lagi dg modal namanya PT Bintang Bumi Mulia dgn modal Rp. 5 juta dapat piroft 100% dalam waktu 3 bulan dan modal kembali sbb :bulan 1.Profit Sharing 30 % Rp 1.500.000bulan 2 Profit Sharing35 % Rp 1.750.000bulan 3 Profit Sharing 35 %Rp 1.750.000 Pengembalian Modal 100 %Rp 5.000.000 T o t a l : 200 %Rp 10.000.000
Feb 21, 2015

Totally NOT

Beware of this company. They try to manipulate you and use intense selling tactics. They are a factory of poverty. They constantly betray all the good philosophy they have in the first lessons of the UTP. Servers felt down regularly while I was there. Asked for a refund in 4 weeks.

Never give them you home phone number, they'll call at any time. I live in the same time zone as MTI and they called at 10 pm on a thursday..

Never give them your credit card info, use only paypal if you want to see for yourself how bad they are. Warning, the first 2 lessons will make you think you found gold, after you finish all lessons you'll realize it is not. Stay away from this company.

When I first decided not to take the course I though of buying fxchief's books because of the trading psychology ideas in the UTP, after one more week I just didn't want to know anything more about their cheap approach to life. Alexander Elder's Trading for a Living is a much better and serious book to get a solid mind set to trading. So MTI is really worth nothing. Don't buy anything from them. They are a basket case.
Jan 16, 2015

Just signed up

I just Signed up with Market Traders Institute, even though there is a shit load of complaints here I was convinced that I could try it for free for 2months, I am gonna give it an honest Try and Write back in about 2 months to review their services
Jan 9, 2015

Truth...

I joined mti several years ago. I was new to 4X trading, so subject to the exaggerated claims made in their webinars. The basic training in the UTP is sound but can be had for free in many other courses, webinars and online sources. The charting is white labeled from Fibonacci Trader. Mti doubles the monthly licence. Their prop indy's are easily reproduced. Take a screen shot during a webinar, work with moving averages and ChandelierStops to re-create Turbo Trader. Mti's slavish devotion to fibonacci ratios is mythical, as is the success of trading fibs. Trading fibs in ranging markets is a quick way to blow out your account. Hint: pull the fib on a measured move, A to B... trade the retraces back to B. And you don't need a 'colored' fib tool to know where a retrace may go. They should change the name to 'marketing to new-traders institute'.
Now, I will say that they have, behind the scenes, a couple of very good traders, but they're swallowed up by the marketing juggernaut.
I agree with an earlier entry... not a scam but aggressive, overpriced and over promised 4X training capitalizing on economic frustrations created by bloated, over regulating and over taxing socialist governments that fill the earth.

Good choices, Good trading!
Dec 20, 2014

Not worth the money

The price they charge is hyper inflated for the content and cost of the program. There is nothing here that you cannot find on your own on the internet or in a good book for less than $75. Save your money. Not worth it. Just a money making scheme.
Nov 10, 2014

Too expensive

Their technique is too complex and their cost is unprecedented. All they care is to put money in their pocket. STAY AWAY from them,
Jun 30, 2014

MTI

I joined in 2012 and went thru everything and lost money in a demo account using their Fibonacci techniques and received a full refund. The Fibs only work in strong trending markets and usually on higher time frames. Also the market is going sideways about 70-75% of the time so the Fibs would be effective 25-30% of the time. Chris Beecher called today to try and get me to join again and attend a seminar.If you are going to join any trading program ,I would suggest you get the trader's real trading records (if they even trade real money) and made sure the trader makes real consistent profits for at least 3 years.

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