2.363 · 102 REVIEWS

Mike McMahon

Updated: May 22, 2020 · Visit site  · Is this your company?

Online Trading Academy offers Forex, Stocks, Futures, Options trading training. Online Trading Academy offers free online classes as well as paid longer courses.
2020-02-12:  The US Federal Trade Commission has filed a suit against Online Trading Academy for running an investment trading scheme.  CLICK HERE to see the latest details.
Formerly (OTA)

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2.363 · 102 REVIEWS
Forex Peace Army

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Traders Reviews

Sherman Oaks, USA,
Apr 19, 2013,

I was an amiture invester who wanted to start day trading,I don't think I could have made the change without OTA.And yes it was a major hard sell at the half day for me at the Northridge campus,and yes it is expensive.But when the class I paied for started it was clear to me this is the real deal,I now trade in all time frames,learnd about risk management and share size vs. account size.I learned advenced order techniques like OTC bracket orders,stop loss and limit ordering.I learned how to set entry and exit price levels,valadate them with price ocelators and indicator study sub graphs like stocasticks and MACD momentuim.I can go on and on,these people when they see you are serious they make you serious.The pro trader 1& 2 courses I took had me from just looking at a line chart to setting up multi frame candel stick charts and ploting out my maximum risk vs. reward ratios before I open a single trade.And yes I did trade in class with their capitol and we did alot of sim trading as well and spent time practicing technical analysis with charts at our computers.One last thing, the tuition is defured if you open a direct access brokered account with Trade Station.,they pass it off to you with comission free direct acces trading in the amount of you education.I have not gone back for my lifetime free ree take of my courses as of yet but I dont see any problem in them honoring their's hard work,I am not rich but I do trade now and I do it with a safe educated trade plan.........P.S. hey I didnt get my usb flash drive thingy at the half day,but thats ok I got more than my moneys worth,thanks OTA, J.C.,Todd and everyone at Northridge OTA campus.
Apr 15, 2013,

I wasted 3 yrs and 15k plus...stay away!...PERIOD! If i Could give them no stars I would!
Marc Russell,
Las Vegas, USA,
Mar 25, 2013,

Went to 1/2 day seminar and was turned off by their stealth high pressure tactics. A friend did sign up for their three day but was kicked out after the first day when he refused to disclose his finances to them.
hey, USA,
Feb 11, 2013,

people who can trade, don't need to do anything else
... people who can't trade, train

there is no risk in training people, as long as you don't have to show a track record
Trade Up,
Tampa, USA,
Dec 26, 2012,

I went there expecting a free half day training class and information on there training. What I got was a feeling I was with a "time Shares Sales Guy" or Used car salesman! there was zero training! No Lunch as promised! No free USB! Just hype about how rich they all are and they are only there because its there passion.
india, India,
Dec 8, 2012,

My name is Harsh,from Bombay - India.I have got a chance to take up a small course with OTA.It was worth taking it.Though the pricing is little premiumed but you wont repent spending it.
Pakvi Roti,
Fort Worth, USA,
Sep 17, 2012,

First, for all of the individuals who went to the FREE half day 'Seminar' expecting to learn to trade, you sure are naive. That 'Seminar' is a SALES event to get customers to sign up for classes.

Except for OTA's HQ in California, ALL OTA offices are franchisee's, some of them are less than ethical in their sales tactics. However, the educational content is strictly controlled by HQ and is an excellent value. Of course that depends on the intelligence of the person attending, Trading isn't for dummies.

Full Disclosure: I worked for an OTA franchisee in the mid 90's, briefly. I've sat in on classes, and I have paid for classes. The knowledge gained has been invaluable in furthering my trading.
Michael Bellissemo,
Chicago IL, USA,
Jul 24, 2012,

I also went to their 1/2 day seminar to check it out and was pulled in to a room for a sales pitch. I signed up for the 12K package. I went home somewhat excitied but then figured out that until I took the full 7 day class that I would not be able to receive what I thought were the full benefits of the program (Graduate). Because of my scheudle I could not do that at this time. When I attempted to get out of the contract and possible do this down the road I got the complete run around. I am currently fighting them over this and will not pay one penny! They continuously state that the contract I signed will be fully enforceed. I actually contacted the owner of the Chicago franchise directly after getting the run around from the GM of the branch and he informed me that he will schedule me for the full 7 day class in Sept. to which I said I would not have the time to do that. I would like to think these guys are legit and want their students who pay a tremendous amount of money to be successful but all I am getting so far is BS. I have not yet taken the classes so i don't know what i would expereince. However because of the run around invlioving my current situation and not willing to work with me I am not sure I would want anything to do with these guys.

M. G. R.,
Nashville, USA,
Jul 11, 2012,

Just got back from a sales pitch "seminar." When I originally signed up for it, they told me they were going to discuss options. When the guy went over his agenda for the day, he didn't mention covering options at all. I stayed for 1.5 hours of the total day, and that was 1.5 hours of wasted time. I normally only give a webinar, seminar, book, dvd, etc. about one hour of my time before I decide whether to stay or keep going, but I gave them until the first break hoping it would get better after an hour; it didn't. They did end up briefly mentioning options, forex, and futures--only to bash them and to say they were for people who are too cheap or scared to trade stocks. Hah! Most people I know who are personally doing really well in the market right now (some making millions) are trading options. And to think I wasted an entire morning trading session because of these clowns! Save your time and energy and read good quality trading books by Thomas Carr or Wendy Kirkland or Chuck Hughes. You'll probably learn way more from them in books and on their websites than you will sitting in an all-day-long commercial seminar that just covers you-should-be-trading rather than the nitty gritty how-tos.
Jul 7, 2012,

NOTHING BUT TRUTH HERE!!!! I am a beginner looking to learn. Unfortunately this free class is not the place to do it. the free jump drive with info....didnt get. the ability to actually trade with their capitol....didnt get. got pulled out of the class for the sales pitch and when i said i would research the company before giving them 3000$ of my money, i was told "well if u cant do it now, then your not up to par for our course"...really?!?!?! and from what i've read the classes u pay for are alot like promos for the next class up., of course for more $$$. I'd rather spend 500$ in books and take my chances. nothing but a time share pitch but with stocks only the time share pitches are better