Live Traders Review: Livetraders.com Complex Mentorship Program
Live Traders (Livetraders.com) is a forex mentorship program created by Anmol Singh and Jared Wesley. What most people don’t know is that the two have an earlier website which they abandoned. They were the mastermind of another mentorship program with the same name but different websites. The two started with livetraders.net before leaving it as things started turning sour. Their training programs do not manifest in pure trading skills. The LiveTraders Review will help investors know what’s wrong with the platform.
About Live Traders
They claim that Live Traders is a collaboration of professional traders with a vast amount of market knowledge and experience. The two claim to have a hunger for helping other investors become great. They claim to use various strategies and techniques to help investors know more about trading. What they fail to mention is why this and their flagship programs have negative feedbacks. There are a lot of unsatisfied clients who have mean words to say in regards to the mentorship program.
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The problem with Anmol and Jared’s mentorship program is lack of transparency. They fail to inform users of the truth behind this platform. The two boast of making $3,000 per week part-time, all thanks to their knowledge of trading. It made them become vendors and offer multiple trading courses and a live trading room. They claim to have a daily routine that starts at nine and ends at 4.00 p.m. When it comes to trading, they claim to call five to six traders per day in the room.
Assets covered by the mentorship program
There are three asset classes that the program aims to teach investors. The three include Forex, Options, and Stocks. They claim that investors need to have small capital investment to start learning on Forex trading. When it comes to Options, they promise high returns with less capital and numerous trading tools. The stock market training is offered to all investors, and each member gets a mentor. Traders can choose full time or part-time stock market learning classes, to begin with.
Business proprietors
Anmol Singh claims to have started trading during college, which was his turning point. Jared, on the other hand, has over 14 years of trading experience. He claims to have graduated from Boston and has a wife by the name Haruyo and three kids. The two of them decided to create livetraders.com a few years back. On the about us page, one can see two photos of the so-called developers. There are no other images of the two anywhere on the planet. The two are not in one shot, which means these could be stock images.
Comments from users
There are no positive comments from users who signed up with the trading program. Most of them claim that the trading sessions are incomplete and not clear. They also claim that the teaching materials are from other websites. One member claims that the video tutorials are straight from a YouTube channel from a reputable trader. Why are they using elements from other sources? There is no time that the two developers are seen offering mentorship or training guides to members.
Domain details
What is clear is that the domain details of the website start way back in 2003. On the about us page, Anmol Singh claims to have started the website in 2015. Domain records show that the site went live on 5th June 2003. Anmol is not telling the truth in regards to the website. From what we have unearthed, the site is used by scam artists to sell other mentorship scams. There have been over 19 IP changes for the last 16 years. It means that there is no way of trusting what’s on their site.
Features of Live Traders
The website claims to offer several valuable trading programs to investors. They sell themselves as experts who want to help foster the growth of online trading. Among the services provided include forex, live trading, options, trader’s education, and swing trading. The full detail on how the platform can deliver these services is unclear. They claim to make over $1,000 daily, which is not proven. There is no proof of the concept that once an investor signs up, they will be better at trading.
License and Registration of Live Traders
Live Traders is NOT Licensed or registered to offer any trading products or services. What looks like a professional trading mentorship website is a scam. These two are online scam artists who don’t have an ounce of honesty. Investors would sign up and get half-baked instructions on how to trade. The entire site has no proof of having complied with trading regulations. And this is where we draw the line with this mentorship program.
These are scam artists who will do or say anything to get investors to sign up. The terms and conditions page does not have any information on the company’s regulation. And we can prove that the company is non-existent as no register has its name. It would seem that these two gentlemen have created a company profile from zero. What is more disturbing is that they fail to mention their headquarters. For accountability’s sake, it is best to know who is handling funds within the platform.
Limitations of Live Traders
Contact and Support
Investors should not expect any help once they purchase or sign up with the platform. Disclaimer at the footer of their homepage has the contact page. The contact page does not link to any information regarding the support. And this is concrete proof that the owners don’t want to be contacted. Only scam artists will block access to their contact page. They are afraid of the backlash they would receive from authorities and victims. It is best to stay away from this website as no mentorship is taking place.
Depository channels
They have listed several depository channels where investors can use to purchase the programs. The depository channels include American Express, Discover, MasterCard, PayPal, and Visa. From the look of things, the deposits go to an offshore bank account. There is no money-back guarantee with this site. It is another reason to stay away from it; funds are far from being protected by unknown persons.
Results and Trading Strategy
The platform provides what they term as opportunities to traders via their signals. What they fail to do is offer any valid proof of their results. It would have been ideal if the platform updated their proof of concept. It means they should have updated their results on FX Blue or myfxbook. Without the results, no one can trust any of their claims of winning $3,000 weekly. There is still a fair amount of valuable data missing, which is a huge problem for investors.
Security of funds with Live Traders
After purchasing or signing up, there is no money-back guarantee. It means that if they decide to shut down today, investors won’t get any compensation. And this is what happened to members who signed up with their previous website livetraders.net. It should be a warning sign that the platform is out to cause chaos in the trading world.
Scam or Legit Live Traders
Live Traders is a platform that shows promise due to their professional looking website. The only problem is the lack of concrete proof of success. And this is why investors need to be extra careful with online forex mentorship programs. It is better to use trusted tools than a program that is not verified by the trading community.
In conclusion
Our readers are why we post reviews, to enlighten them on online trading products and reviews. We insist that they be careful with this program as unknown persons operate it.
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