TheoTrade Review: Is it a Scam? - Topedgefx.com

TheoTrade Review: Is it a Scam?

Welcome to the TheoTrade review. Theotrade.com is a trading school by Don Kaufman and other trading educators.

Through his TheoTrade.com website, Don Kaufmann is offering trading education in stocks, futures and options.

According to the company’s marketing materials, TheoTrade, LLC is also providing investment advice to registered investment advisors (RIAs) and retail brokerage firms.

Don Kaufmann and his team of instructors are selling access to dozens of trading classes. Membership can be purchased for individual classes even if a student is not registered with TheoTrade yet.

However, if a student would like to purchase an entire cocktail of trading education, TheoTrade will provide a glassful for $99 per month or for a one-time fee of $997.

You can find good automated software and manual indicators for trading currencies here.

The list of topics and classes to go through is mind-boggling and most of the titles sound nothing but gimmicky.

TheoTrade.com’s list of products and services appear to be yet another cash-cow for the owners of the website, given them number of courses that individuals are always being tempted to take.

TheoTrade LLC is a company based in Scottsdale, Arizona. Their admins can be contacted on support@theotrade.com or by phone 1 (800) 256-8876.

Nevertheless, if you were considering this trading school, you need to take a few minutes and go through our analysis of the website and its product offering.

Thanks for taking time to read TheoTrade review. Here’s what we have to say.

TheoTrade review

The trading school is targeting traders of all levels. They allegedly offer “stellar” market education in Stock, Options, Futures and Currencies trading.

They claim that their instructors have a minimum trading experience of 15 years…. a claim that is hard to authenticate.

Just like Basecamp Trading, Theo Trade peddles a Walmart of trading courses and techniques.

The following is a list of items that the financially desperate and naive can buy if they wish to trade like professionals:

  • Trend trading stocks intra-day classes
  • Trading VIX Options Course
  • Strategy Week: Using High Probability Options Strategies
  • Professor Jeff Bierman’s 15 Class Bundle (The Professor’s Package)
  • Beginners Guide to Trading Intraday Futures Class
  • FruitFly For Consistent Income Class
  • Trading Earnings Formula Class
  • Selling Options For A Living Class

The list is quite long but one thing is clear; these titles are gimmicky…. the kind of titles that can be crafted by investment hustlers.

Additionally, Don Kaufmann are peddling a free e-Book and newsletter. This newsletter allegedly contains trade ideas that can make money.

TheoChart live trading room is also provided to those who want answers to their questions. The company claims that they offer unparalleled support.

There’s another snake oil that Don Kaufmann and his team are peddling. This one is called “Your 3 Step Formula for Trading Success”.

When you take this course, you will apparently learn the formula that professional traders have enjoyed since the markets were created.

These guys are literally claiming that they’ll take Wall Street ideology and offer it to the student who is serious about success.

They also claim that their website (TheoTrade.com) has been featured on prominent media outlets such as Bloomberg, Financial Times, Fox News etc.

Nearly every trading educator out there has said that their work was featured on these websites.

In fact, we’ve come to know that out of all the trading educators and investment hustlers who make these claims, probably only 5% have made it to these media houses.

The rest are feigning legitimacy and that’s the case with a trading school like TheoTrade.com.

Theo Trade and the infamous StockTwits platform

What is Stock Twits?

Stock Twits is a social media of investment fraud.

It facilitates the spread of fraudulent trading products and services on the internet. A month can hardly pass by without receiving a complaint from a victim who was caught up in an investment fraud involving the Stock Twits platform.

Now, the stories are quite similar and no wonder Theo Trade is also marketing its products on Stock Twits with the intent of finding investors who are hungry for financial snake oil.

The stories usually take this route;

An investor visits Stock Twits, finds a money manager that promises to make them huge profits with careful risk management.

The investor sends their money and after a couple of months, the wealth manager disappears with their money, leaving the victim with a fraudulently-produced brokerage statement.

There are 20.5k followers of TheoTrade on Stock Twits.

We’re not saying TheoTrade is going to disappear with your money in the classical fashion of a hedge fund scammer.

However, we believe that Don Kaufmann and his team of “trading educators” are fun and entertaining showmen.

They can make you believe that they’re teaching a secret magical trading strategy that will surely make you wealthy.

We believe that their live trading room is equally entertaining because they use the right words to appeal to their audience.

There’s no trial whatsoever. But they claim you can reduce risk to protect your capital.

To establish the truth, we need trading performance record. We need to know whether Don Kaufmann is trading a live account using his theories.

This is the only way to authenticate the claim that Theo Trade can teach and demonstrate in a live account how to reduce risk and protect capital.

Trading results

Are these guys trading with a real account? No.

If they were trading with a real account, they would have been quick to post their live trading results on their website.

If trading currencies or any other instruments, it’s a honorable thing to include a link to their myfxbook.com account.

We need transparent results documented by third-party verification platform. The most popular one being myfxbook.com.

Conclusion

TheoTrade is an interesting company and trading education platform.

A trading educator that cannot demonstrate what they teach on a live trading account is definitely an investment hustler peddling bogus products.

It does not matter whether they use fancy titles such as Professor Jeff Bierman, Wallstreet trader, instructor with more than 15 years of experience etc.

The bottom line is always the bottom line. If there’s no proof of successful trading, then it means the vendor is selling a lie to you.

Thanks for reading the TheoTrade review. We’re looking forward to your comments.

5 Comments

  1. DOUGLAS WILLETT May 22, 2020
  2. Jason Stoffers January 11, 2021
  3. Faiyaz Razak March 12, 2021
  4. Steve BigBucks March 23, 2021
  5. Jeff June 16, 2021

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