Online Trading Academy's new platform - "Clik"

syswizard · Sep 30, 2019

This software has the potential to become mainstream if they are able to integrate multiple data feeds and broker interfaces. That's a big "IF". They are already one year into this venture.

fan27 · Sep 30, 2019

@syswizard Why oh why did you post this thread? Having gone to their site I am now being bombarded by Online Trading Academy ads!!

syswizard · Oct 3, 2019

fan27 said:
@syswizard Why oh why did you post this thread? Having gone to their site I am now being bombarded by Online Trading Academy ads!!

What did you expect after entering your email id ? Same thing happened to me when I registered with Larry McMillan's option website.....constant barrage of emails.

fan27 · Oct 3, 2019

syswizard said:
What did you expect after entering your email id ? Same thing happened to me when I registered with Larry McMillan's option website.....constant barrage of emails.

I just visited their site....and then came the Facebook ads.

tommcginnis · Oct 4, 2019

fan27 said:
I just visited their site....and then came the Facebook ads.

Not being on The Facebook, I have missed that part.....

But I get postcards whenever they're coming to town to sign up new victims, and I try to visit their dog&pony show when I can -- I like the mental gymnastics of trying to spot the first instances of bad logic/methods or over-reaching conclusions. AND they have great cookies served.

[Okay -- I go for the cookies.

]

syswizard · Oct 13, 2019

The problem with OTA is they never extended their business model into prop trading. Maybe with the new CliK product they will have to do that. Otherwise, they will be in the trading platform sales business competing with Ninja, Multicharts, and the like.

digitalnomad · Oct 16, 2019

I always wondered how much the OTA franchisees gross per year. I know the trading education business gets a bad reputation, but the majority of enthusiastic neophytes who they target, many retired, will end up losing money in the market anyways. They're determined to gamble. As far as the financing shenanigans go, it's not much different than any lower tier education institution, where there is no guarantee of employment or income.

slvrrisc · Oct 18, 2019

qlai · Oct 18, 2019

digitalnomad said:
I always wondered how much the OTA franchisees gross per year.

Maybe someone has access to their FDD?

https://fddexchange.com/membership-levels/membership-checkout/?level=1

tommcginnis · Oct 18, 2019

qlai said:
Maybe someone has access to their FDD?

https://fddexchange.com/membership-levels/membership-checkout/?level=1

"Investment
The total investment necessary to begin operation of an Online Trading Academy Center ranges from $369,800 to $679,500 per Center. This amount includes $80,000 to $250,000 that must be paid to the franchisor or an affiliate."

:wtf:

Holy COW.

But wait! There's more!! Here's the summary statement for 2018...
"Investment
The total investment necessary to begin operation of an Online Trading Academy Center ranges from $389,800 to $684,500 per Center. This amount includes $100,000 to $250,000 that must be paid to the franchisor or an affiliate."

Obviously, honesty does NOT pay......

:wtf: