The scammers invested the trainings to become a trader. They offer turnkey training kits with fancy promises of future profits. With the complicity of social media influencers, companies are even encouraging young people to drop out of school to become traders.
After the Online Trading Academy, fined this summer for its fraudulent commercial practices, the United States has just called to order another of the main trading training companies: RagingBull. The company has caused its clients to lose $137 million in 3 years, due to questionable advice from its gurus and its trading system. In theory, however, it was enough to follow their “signals” to buy or sell assets (stocks, derivatives, etc.) to become a millionaire.