AspenTrading.com Review

2.31 • 11 REVIEWS
Dave Floyd
Updated: Mar 3, 2024
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2.31 • 11 REVIEWS

Recent User Reviews of AspenTrading.com

J
joeinbend
Bend Oregon, USA,
Dec 17, 2022,
Registered user

My Personal Experiences with Aspen Trading Suck

Service use: Live Length of use: over 1 Year
Buyer beware!

I am not a newbie nor a youngster, and have traded my personal accounts for several decades and forex for well over ten years.

The negative comments I read below seem accurate based upon my experiences with Dave Floyd and Aspen Trading.

In an attempt to diversify, I have paid Dave trade one of my accounts twice, and for almost 2 years. Lost money and had accountability issues each time.

I have met Dave and am embarrassed to say that I trusted him to have similar ethics. Aspen has charged me for trades not delivered (yes I have proof) and stonewalls any attempt to discuss. I personally find this far more deplorable than trading losses.

The statistics he provides and splatters about the internet do not include results for US citizens which are quite different due to US laws. It is a sham for him to post the statistics without this disclaimer.

Can he trade. Sure he is as knowledgeable as many touts out there. He is just out there to make a buck off you for himself. This does not make him different from most businesses I must be fair in saying.

Will you make a net profit? Unlikely with a smaller sized account and certainly not worth the agitation or risk.  If you have a large account to trade, you probably already know better haha.

He is thin skinned and defensive to a fault!  If you decide to entrust your funds with him. Do not question him! LOL, or he will ghost you

I agree with the Sunday Tiger quote,
"Save your money and go elsewhere. Dave and Aspen are not worth your time and money"

If you need someone to trade your money, do your due diligence and go elsewhere!  There are many similar products available.

In conclusion, I consider my experience with Aspen to be the Worst I have personally had with a professional trader or trading organization. It would appear that much of his time is spent pontificating and advertising his own over estimation of himself rather than making his clients money. I have personally, successfully traded forex for well over ten years and recommend you to just avoid doing business with Aspen. In my three purchases of their products, I have had issues with his credibility and accountability each time.

Happy to honestly share my experience with anyone who asks. Dave, this includes you.

I give my Best wishes to all traders, Dave included.
T
Tilden
West Coast, USA,
Jun 28, 2022,
Guest

Just Beware!

Service use: Live Length of use: over 1 Year
Just Don't do it. Much more marketing and hype than real success. Overpriced at best for what you get. Can get same type of info for much less elsewhere. Don't try to get a refund if you think you have been misled. Performance stats though not outright prevarications, are misleading.
P
parkyy
California, USA,
Jun 27, 2021,
Registered user

Very poor; don't be allured by their marketing pitch

Service use: Other Length of use: 0-3 Months
I signed up for a 3 month subscription from April 2021. As advertised, they said focus on education, etc. In fact, this company is more interested in selling their services than delivering values. Something they didn't disclose - you will have to buy MotiveWave trading software (around $1200) and their software plugin ($200) in addition monthly service fees. Education is minimal; they keep emphasizing buying their software rather than teaching how to trade and recognize and play Support/Resistance. once they forced everyone to purchase the said software, I asked for refund which they refuse. So be aware before you sign up; ask for full trading tool requirements. Plus, how many education seminars they give as well as trading alerts per day/week. Then make an educated decision when it is worth or go somewhere else. With $150/monthly service, you can find other valuable services.
S
Sundaytiger
USA, USA,
Apr 28, 2021,
Registered user

Very poor experience- you’re going to lose money

Service use: Live Length of use: 0-3 Months
Aspen trading and Dave Floyd are a joke. The returns Dave posts that are supposedly verified are not what you’ll receive as a U.S. based trader. I didn’t find this out until after I already signed up for the service but tradecopier only works for FX trades not for futures. So the results he shares aren’t accurate because they supposedly include both. I was told the bulk of the returns come from FX and not to worry. That is also laughable because all Dave did was lose except for a couple very small gains. His strategy from what I can tell is just awful and luckily I found the place in 4xsolutions where I could view all his past trades. To save you the time and money of finding out the hard way, his past trades are mostly losers BUT his losers are almost always larger than his winners. It’s a losing strategy and Dave is very sensitive when you point this out to him. I fired him very quickly after losing a couple thousand dollars in just weeks on some poor trading. Save your money and go somewhere else. Dave and Aspen are not worth your time or money.
M
Marc
NY, USA,
Oct 13, 2020,
Guest

VERY POOR EXPERIENCE ... I WOULD HAVE WARNED YOU SIGNALS ARE PURE BS

Service use: Live Length of use: 0-3 Months
I'm going straight to the point.. you won't make money in the end! You are gonna lose money and the worst is that you will have to pay almost 300 bucks to lose it.

I have been there so learn from my experience and save your time and money by staying away from this organization.
M
Marc6803
Texas, USA,
Apr 1, 2019,
Registered user

LET THE BUYER BEWARE

Beware. I signed up for their $ 7 trial. At the end of the trial they first charged my account $ 275 for one month, then canceled it and charged me $ 1,995 for a year. I contacted them immediately to cancel, but got no response initially. Dave finally called me and confirmed verbally I would refund my money, but as of yet (3 weeks later) no refund. This is a shady organization. Most of the positive reviews on this site are probably ones they penned to counter the bad reviews they get. I am filing complaints with the BBB and checking with the Federal Trade Commission and Securities and Exchange Commission. They will not be waiting for you. LET THE BUYER BEWARE! From what I gather their calls are bad and they are probably only making money from unsuspecting subscribers who (not from trades they are making).
Z
zaffer hashmi
london, United Kingdom,
Feb 19, 2019,
Registered user

don't ever use this company,i paid them for a month years ago. They took my money went on holiday and i got it back from my credit card company. They did not have a clue how to trade. They were just talking rubbish like they new me personally.

Jul 30, 2015 - 1 Star I used this company for several weeks. I did not receive a single signal from them. All you get is their daily analysis which contradicts
what they said day before, day before ,day before and week before.
I ended up so confused that i closed perfectly good trades at a loss.
Unless you want to pay them for their daily opinion. I would
honestly stay clear, their analysis will lead you to disaster. you
will never make any money from them. They are probably trading themselves but won't give you their good trades just scraps if any.
avoid avoid avoid you can do better yourself then them.
T
Todd Siemering
Bay Area, USA,
Jan 22, 2015,
Guest

This is a fantastic forex signal service. They are very professional and responsive and are very trustworthy. But most importantly, the trader Dave Floyd, is an excellent trader. He takes a very methodical, patient and conservative approach to trading so there is not a high volume of trades he recommends, but the ones he does recommend are very profitable over time.

I highly recommend this service.
D
Doug D.
New Jersey, USA,
Sep 3, 2012,
Guest

Aspen Trading gets an A+. I looked at 3 trades they sent me and all 3 were winners. Their mastery of Elliot wave theory and Fibonacci is quite impressive. And I appreciate the fact that the alerts they send are carefully evaluated and affordable. I spoke with Bart and Todd and they are both very knowledgeable and they value you as a client. And finally they do not have a high pressure sales mentality.
D
DP
US, USA,
Aug 28, 2012,
Guest

The first thing you have to know is that Aspen Trading is in a league of their own. They might be getting reviewed on FPA alongside scammers, EA's, fly by night systems... but do not think they are in that class.

Two traders (Dave and Todd) own Aspen and they have both traded for major brokerages with MILLIONS at risk.

One of the traders... Todd Gordon... is frequently on CNBC live news as a commentator on foreign currency markets.

The other trader... Dave... is no less a professional and I have had the privilege of speaking with him personally. If memory serves, he was actually one of Todd's mentors.

Their trading record is sterling. I have experienced a few losing months with them but their wins FAR outweigh their losers.

One complaint that others have made (that they actually address in their weekly live webinars) is that they don't trade often. If you join ATG thinking you are going to get hundreds of trade signals for 5 pips at a time on 6 different pairs, you are going to be disappointed. They do trade a variety of pairs... but they have gone as long as two weeks sometimes without releasing a trade.

This is not a sign of laziness or a bad service or lack of ability.... this is realistic. If they do not see a trade, they do not take a trade. I was a loser at one point.... and when I learned to stop over trading, I stopped losing.

With one of the most competitive subscription rates in the business ($50 a month for signals only, $75 a month for signals + commentary, $100ish a month for signals + commentary + live intraday updates), you will make back your subscription with just one trade each month. They release anywhere from 3-10 trades per month.

I have subscribed to two other signal services that I discovered on FPA, I have subscribed to several systems on ZuluTrade, I bought probably a dozen or more EA's back when I first started trading FX 5 years ago.

I have only consistently made money from two sources:

1. myself

2. Aspen Trading Group

I have not been paid to write this review, nor did anyone at ATG even ask me. I am thrilled to be a client. My wife and I are expecting a child. With the money I made in just August from their New Trade Alerts I am going to be able to take a month or two off from my business when our baby is born later this year.

If you are reading this review, do yourself a favor and go subscribe immediately to their service. These guys are the real deal.