A list of all scam unregulated 3rd party educational vendors

This is austinp case: austinp based on ET name, nfa #330005, coiledmarkets.com doing business as.

According to the nfa website the definition of CTA:

CTA is an individual or organization which, for compensation or profit, advises others as to the value of or the advisability of buying or selling futures contracts, options on futures, or retail off-exchange forex contracts.

Providing advice includes exercising trading authority over a customer's account as well as giving advice based upon knowledge of or tailored to customer's particular commodity interest account, particular commodity interest trading activity, or other similar types of information.

All registered CTAs who manage or exercise discretion over customer accounts must be Members of NFA in order to conduct futures business with the public.

We do have cases whereas the 3rd party educational vendors managed clients account without a license:

Trader International

http://www.cftc.gov/ucm/groups/publ...ts/legalpleading/enftrincomplaint10132009.pdf

Nexgen:

http://www.cftc.gov/PressRoom/PressReleases/pr5216-06.html

According to austinp statement:

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Quote from austinp:

My fund is limited to clients only... people who know me: family, friends and clients who have been inside for quite some time. I am not soliciting for new fund clients, so I can post whatever I want wherever I want.

If and when that situation should change, I'll operate within the guidelines set forth by NFA. What... do you honestly think I don't know the rules and paramters involved? Give me a little bit of credit for knowing this profession
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I find that austinp aka nfa#330005 doing business as coiledmarkets.com is indeed in a violation of the nfa and cftc policy based on his statement above.

therefore, coiledmarkets.com will not be removed in the scam list.
 
Considering ET's function is mainly entertainment and for poking deranged monkeys with a stick - of course that too is entertainment - then perhaps we can have a parallel "comic" version of the list;

i.e., soiledmarkets and puredick
 
Response from ap?

<iframe title="YouTube video player" width="480" height="390" src="http://www.youtube.com/embed/K8E_zMLCRNg" frameborder="0" allowfullscreen></iframe>

Just toggle your demo dom into live mode for a few p/l posts to boot, won't happen.




Quote from emg:

This is austinp case: austinp based on ET name, nfa #330005, coiledmarkets.com doing business as.

According to the nfa website the definition of CTA:

CTA is an individual or organization which, for compensation or profit, advises others as to the value of or the advisability of buying or selling futures contracts, options on futures, or retail off-exchange forex contracts.

Providing advice includes exercising trading authority over a customer's account as well as giving advice based upon knowledge of or tailored to customer's particular commodity interest account, particular commodity interest trading activity, or other similar types of information.

All registered CTAs who manage or exercise discretion over customer accounts must be Members of NFA in order to conduct futures business with the public.

We do have cases whereas the 3rd party educational vendors managed clients account without a license:

Trader International

http://www.cftc.gov/ucm/groups/publ...ts/legalpleading/enftrincomplaint10132009.pdf

Nexgen:

http://www.cftc.gov/PressRoom/PressReleases/pr5216-06.html

According to austinp statement:

--------------------------------------------------------------------------------
Quote from austinp:

My fund is limited to clients only... people who know me: family, friends and clients who have been inside for quite some time. I am not soliciting for new fund clients, so I can post whatever I want wherever I want.

If and when that situation should change, I'll operate within the guidelines set forth by NFA. What... do you honestly think I don't know the rules and paramters involved? Give me a little bit of credit for knowing this profession
--------------------------------------------------------------------------------


I find that austinp aka nfa#330005 doing business as coiledmarkets.com is indeed in a violation of the nfa and cftc policy based on his statement above.

therefore, coiledmarkets.com will not be removed in the scam list.
More...
 
I know nothing about coiledmarkets, but just because you don't agree with his registrations, doesn't make it a scam.
That said, I can tell you that Puredreck is absolutely, positively, the worst scam out there. Not only is the methodology gobbledygook, but the owners are thieves, specifically unauthorized CC charges that they refused to refund.
And no, this is not hearsay, it was a personal experience.


Quote from eudaemon:

coiledmarkets.com should be promoted to the top of the list. Followed by Puretick.
More...
 
Updated lists:

Rockwell trading
Puretick
TraderInternational
DayTradeToWin
eMiniDayTrader.com
nexgen
priceactionroom.com
eminitradingcourse.com
blackjacktrader.com
Millenium-Traders
tradingonlinemadeeasy.com
easyeminitrade.com
vantagepointsoftwares.info
winborntraders.com
Mike Baghdady of Training Traders
http://www.3minutetrader.com/alerts/
http://www.2stocktrading.com/index.php
http://www.killingstocks.com/
bill duryea of ioamt.com
Rhythm of the Markets
Options Magic
TradQuest Systems
eminijunkie.com
Dave Wright "Wave Rider/Trend Catcher"
coiledmarkets.com
Bullseyetraders (Franz Shoar)
ShadowTraders (not the TDAmeritrade)
School of Trade SOT
 
Last edited by a moderator:
Quote from startraitor:

Response from ap?

<iframe title="YouTube video player" width="480" height="390" src="http://www.youtube.com/embed/K8E_zMLCRNg" frameborder="0" allowfullscreen></iframe>

Just toggle your demo dom into live mode for a few p/l posts to boot, won't happen.
More...

you know what really sad is the gov let these guys do whatever they want to do and continues to steal, cheat and lie to newbies and amateurs.

Did you know that these unregulated 3rd party educational vendors industry annual revenue more than $300 million. I will not be surprise the number exceed $1 billion when including managing clients accounts without a license.

The reason why these guys managing clients accounts without a license is they do not want to follow the the gov policy.
 
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