facebookIs this Systematic Trader even legit? Looking at the reviews, most, if not all are written by "Level 2 Rookie" accounts? - Seedly

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Anonymous

25 May 2021

General Investing

Is this Systematic Trader even legit? Looking at the reviews, most, if not all are written by "Level 2 Rookie" accounts?

They literally only write ONE review for this Systematic Trader and nothing else.

Being extremely sceptical right here.

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Liked the comment about don't bother getting answer from them which is totally true.

As with every single financial guru out there, check if they have verified brokerage statements with the broker clearly stated and all the trades and positions they have taken for at least 3-12 months. Since this TraderGPS has been around for some time, a year will be the minimum but of course, you can't find anything like that. And no, screenshots of an Excel spreadsheet or something similar can easily be faked so do not rely on that

Also, you can try going into their webinar conducted by Zoom. Claims that there is a "max capacity" of 300 but in the Zoom chat, 471. Can't be 70 admin staff and 1 Collin right? Also, if you are familiar with measuring trading performance by looking at Win/Loss percentages and profit factor, don't bother getting the answer from them since you'll be ignored. "Backtesting" to him and his team is simply looking at where the green and red arrows are. Numerous telltale signs of it not being a legitimate product​​​

Samantha Ong

23 Oct 2020

Seedly Student Ambassador 2020/21 at Seedly

I guess it's hard to tell if something is legit or not because it can be very subjective. I guess wh...

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