MarketTraders.com Review

I have actually been a long time user. Bought lifetime SixFigure index probably 8-10 years ago, and tried to use the platform over the years, and like many other reviews, communicated many non working issues to them and nothing would ever get fixed.... but they would keep calling asking "how's everything going?".
I would only logon more recently maybe every couple of months and when I did yesterday, pretty much everything was gone - all my templates reduced to a couple of technical's and one chart only, access to historical Analysts on Demand is gone....... BUT I can get what I have been using for 10 years back if I want to pay about 250/month.
This IS a SCAM...do not fall the same way those others of us have here and get sucked into it....and BTW whilst they will continue to contact you, good luck in getting a response from Lee Jackson or any one else there.

When you try to unsubscribe from their email list you get more spams with different names. This itself is enough evidence to suggest that they are into the business of selling their so-called money making services rather than trading. Do they think that they can convince people to subscribe to their services by spamming...Good luck..Keep going...

Yes, a very long review. But a person should think long and hard about getting involved with MTI. Once this Company realizes they have milked you for all the easy money they can extract from you, they disappear. Leaving you high and dry.

Re: Complaint of Market Traders Institute

Market Traders Institute
Mr. Jared Martinez – CEO and Founder
Market Traders Institute
3900 Millenia Blvd Suite 200
Orlando, Florida 32839

jared.martinez@mymarkettraders.com CEO and Founder
1-866-787-8558 Main telephone
hello@markettraders.com General Contact
www.markettraders.com

This complaint is about Market Traders Institute (a.k.a. MTI) of Orlando, Florida. MTI sells trading education, trading software, and systems for largely for new traders. Over the last six years, MTI has sold me a list of software and training that ranges from super over-priced/ over-hyped/ undelivering/ with potential to be something great in the future….; to absolute garbage. The charting software Ultimate Charting Software (UCS) that I have lifetime subscription for, that has been grandfathered into a web based SmartTrader platform. The UCS cannot be used long enough to analyze even one currency pair without it crashing and needing restarting many times a day.

The newer SmartTrader platform that nearly all the Company's Expert Advisers (a.k.a. EAs) (on SmartTrader platform called SmartScripts) are connected to is no better. Even when run within MTI-recommended high-end ten core Contabo VPS (Virtual Private Server), it is unworkable. The browser/ server/ other limitations do not permit even one SmartScript to be run in full. Let alone it be a platform portal for all trading as it is designed and marketed for.

None of the SmartScripts/ EAs can be kept running for any amount of time. One of them, the American Breakout Strategy, which I have manually traded, done the automated SmartScript, and done extensive back testing for is engineered backwards. Results have been sent to MTI Staff including MTI Coaches and product developer Ted Devan. No response from any of them.

Most disturbingly, besides the super-high costs and non-working product, is the deaf ear, inaction, questionable intent and bad faith of the MTI Company. When a person spends $7,495 for their introductory program and lifetime use of their platform, they are committing financially as well as emotionally for a long-term Client-Company relationship. Likewise when MTI Students spend the “introductory price” of $1K-$3K for each of their systems products to be used with their platforms, MTI Students again expect them to work. And deliver every bit as well as they are billed to work and priced at. Most sold with claims of being able to make like 1,500 or more pips a month. Thus billed to pay for themselves in short order. Under a month with a sizeable account. Instead MTI products have erased 100,000s of pips from my accounts.

Even if not quite as great as advertised, if it took a couple months to be seeing very positive returns, it would not be such an issue. There are many variables outside the MTI Company control that influence client success. While there have been minor improvements to the platforms, these issues have been on-going for years. The platforms are still not capable of using for live trading or using MTI EAs and SmartScripts on them. And while MTI will not/ cannot fix their platforms, nor will they address these fatal issues that Clients continue to address to them, like clockwork every month or so MTI releases another EA/ SmartScript system for a few thousand dollars. Systems that are worthless when the already-released systems still do not work.

For comparison, there are thousands of similar products on the market most ranging from free to a few hundred dollars each. Making MTI products some of the most expensive and hyped on the market. MTI products come with short-term money-back warranties that are meritless as the platforms they are to be used with have not worked properly for years.

I am very adept with computer technology, downloads, setups, basic coding, et al. My home computer is Windows 10 Pro, 32G SSD RAM, two separate 2T backup hard drives (higher-end than 99%+ of personal computers in the market). I am using a higher-end VPS than probably 95%+ of MTI Clientele. Which raises the question – who if anyone do MTI products work for? Besides working to line the pockets of MTI Management?

The supposed " MTI Expert Traders and Staff" headed by MTI Founder Mr. Jared Martinez (known in the trading world as FxChief) and largely his family, who if they are all they are marketed as are undoubtedly trading six to nine-figure accounts where everything is just a tax write-off whether or not it works or is of any use. While it appears MTI Expert Traders appear very competent and do clear presentations, they trade larger time frames (swing trading) for the most part. Beyond being able to see what traders who have large accounts of their own, and their own money, their strategy is of little use for newer traders who must seek proprietary funding. Meaning that trades must be closed at end of week. Making working systems that can be automated that much more important. It appears from what he has said, that Mr. Jared Martinez alone is likely making over $1 Million most weeks just trading. And MTI is likely bringing in notably more most weeks selling their expensive non-working systems.

Most people today are not in such a position for six-to-nine figure income and tax write-offs. On the contrary, people (self-included) are very much stretching (often going deep into debt) to obtain these products and expect them to work. Nor are most able to wait years for working product. Nor when investing this kind of money be in a position to just walk-away. People often come into this business after having being put through very hard times (job loss, divorce, major life changes, et al). No different, I am lucky to make $1K-2K/ year. I do not get unemployment, welfare, PUA, stimulus check (even as an American), etc. Which makes MTI’s behavior that much more troubling. If MTI Company heads are trading much of the money that people send them for these products, they could be doubling the money every year or so without much trouble just trading it.

MTI Chat support is friendly with generous hours. But can only fix what is fixable and what MTI Management permits. Which is extremely limited at best. When dealing with MTI Education Coaches (that each MTI Student are assigned to), MTI IT, and MTI Management about the fatal issues of Company products and their need to either offer assistance to fix the issue or offer refund, they disappear. MTI Staff are really good as sweet talking and playing peoples' emotions, but on delivering working systems – they are gone. The harder MTI Staff is pushed to deliver solutions, answers, resolutions, the more evasive they become.

MTI also does a lot of sanitation of its online presence. Deleting negative reviews, and blocking MTI Students from their online support pages who post objective on-going issues rather than glowing reviews. Glassdoor.com reviews of those who have worked within the Company mirrors the response I have had with numerous other traders I have personally met who have dealt with MTI. MTI appear pathological sales people, and little else.

The many traders I have personally met who instantly recognize the Market Traders Institute/ MTI name all have the same reaction. This instant look on their faces is one that they are about to vomit. With comments of, "Oh no, you didn't get yourself messed-up with them, did you?" or "Ugh! Don't just walk away - RUN....!!!" or "They're predatory salespeople and little more."

In Summer 2020 I had to come to terms with the fact that I had spent the last few years doing little more than endless reinstalling, trouble-shooting, and trying to get MTI systems to work. Going deep into debt doing it. In July 2020, I sent Mr. Jared Martinez – MTI CEO a Registered Post WITHOUT PREJUDICE letter addressing all the issues that had been addressed to him and others via email (attached). This went unanswered. Since, after requesting a different MTI Coach, I have been bounced around between a few other MTI Coaches and Admins trying to get some headway on my ongoing issues. Again with no avail. Here now approaching Spring 2021 nothing has changed, no response or answers from MTI.

I have acted in the highest level of good faith, I have offered repeated product improvement feedback, and have given the MTI organization more than ample time to deliver or offer some sort of resolution or way forward. I have been exceedingly patient and tolerant (probably way too much so). As much as I work to be a facilitator and give a Party every chance to come to the table, the MTI organization has turned-down those opportunities. Whether it just being a tax write-off for them, not caring, or for any other reason, I cannot be held hostage by MTI anymore. At this point I believe I am in the right to ask for refunds, cost of interest, and a token towards my time. This is not even taking into account years of lost earning potential. I am also asking to have my full access to the MTI Official SmartTrader Facebook and other MTI Facebook pages restored.

It was my hope I would not have to write this review. Forget making pips, the rate MTI Management is going, they may soon may find themselves in prison making licence plates and pennies. I have heard MTI CEO and Founder Jared Martinez state many times that he wonders why some traders find success rather readily, and others do not. Should he actually read his emails, his letter mail, or the online reviews of his MTI Company, he should wonder no more….

Do yourself a favor and AVOID MTI!

I subscribed on the last july the " Forex Chief Elite Signals" service. Such signals accumulated losses amounting 1450 pips from july to October 9, 2020.
Furthermore, this service provides a ton of signals every day by a Telegram channel , so that one has to pass the entire day following them. All this for 1k.
Absolute scam !!!

After giving me a course, this company (MTI) started offering costly program for purchase. I bought first program called "Smart Gauge". I have not yet started testing this program, the company pushed me for another program, which I refused several times, but they concocted my talk and forced me to buy. I was alarmed and I stopped telephonic talk and informed the company, no phone talk in future, you are not reliable..
I tested the "smart Gauge" program and found it a Scam. I made complaint, and company stopped answering my emails. I have spent about $9000-10000. The company is silent and unable to explain. It ie more than 6 months and I am fighting. No Response. I want to lodge a complaint against this company. Help me to recover my money.