Market Traders Institute Review
Name: Market Traders Institute Inc.
Website: markettraders.com
Price: 14-day Free Trial, then $59/month after that (Plus MANY upsells on Training)
Owner: Jared Martinez
What Is Market Traders Institute?
Market Traders Institute offers Forex trading courses that teach you how to become a profitable trader. There are many Forex courses out there, and most focus on one specific aspect of Forex trading. Forex trading is mostly viewed as a hobby, but MTI approaches it as a “discipline.”
Market Traders Institute offers TONS of Forex courses for traders at all levels.
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How Does Market Traders Institute Work?
Market Traders Institute has Forex courses for novice, intermediate, and advanced traders. You can choose a course based on a specific topic (such as Ballistic Scalping, Swing Trading or Understanding Charting Concepts).
Most courses include 16 interactive training lessons, as well as online classes. You can also choose to attend a 2-day live class, which is held at the Market Traders Institute headquarters in Lake Mary, Florida. Webinars are also offered on a variety of topics and levels.
Pros and Cons of Market Traders Institute
Pros
- Has Training and Education
- Can be for beginner, intermediate, or advanced traders
Cons
- You will spend ALL your money on all the education and training
- Terrible money back guarantee
- Support is VERY slow
How Much Does Market Traders Institute Cost?
When I was first emailed about MTI it said I could sign up for their 14 day FREE trail . To sign up for the trial you have to put in all of your personal information (name, address, phone number, etc.), and you also have to put in a form of payment. Why should you have to put in payment information if it is a free trail? If you ask me you should not have to do that!
As I kept researching I found out it was going to cost $59/month after the 14 day free trial ends. They want you to put in payment information so they can bill you automatically right after your trial expires.
There are also MANY upsells on courses that you can purchase, and I have a breakdown of all of those below…
Market Traders Institute Education and Training
Market Traders Institute does offer a few FREE things. You have the ability to view their free ebooks (there are 8), see some free webinars, and see some videos and tutorials (there are 11). Their website also offers some free Forex articles as well.
The Market Traders Institute’s educational material begins at $24.99 and goes up to $7,995 . This is incredibly high compared to other Forex courses. Here is a breakdown of some of the education…
Forex Courses
- The Ultimate Traders Package On Demand – $7,995
- Live Market Trading Forex Mentorship & Empowerment Club – $87/month or one time fee of $5,043 (picture on the right)
- 5 Beginner Mistakes Traders Make Ebook – $24.99
- 15 FX Profit Hacks Ebook – $24.99
- 1,000-Pip Movements Video Lesson – $24.99
Stock & Options Courses
- The Ultimate Stock & Options Package – $7,995
- 4 Simple Steps to Big Profits with Options – $24.99
- The Ultimate Trader’s Guide to Gartley Patterns Ebook – $24.99
All Markets Courses
- The Ultimate Market Scanner – $199/month
- The Ultimate Charting Software – $79/month
As you can see, some of this education are monthly subscriptions and some have a one time fee. However, with the big packages you only have access to a few things for 60 days, then you lose it. I don’t know about you, but after I pay that much for something I expect to have access to the materials for as long as I want!
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Market Traders Institute Support
The support at Market Traders Institute is inadequate. However, their live support gets back to you a little faster, and they have a number you can call. When I called them it took me to an “educator,” but it was their voicemail (which does NOT work for me)
They say you can get a refund, however during the 14 day trial period there are no refunds. So if you buy something during your trial period, you will not receive a refund. You also have to complete a 4 phase process in order to even apply for a refund after the trial period! Ridiculous!!
I also found a Satisfaction Guarantee (not a Money Back Guarantee). Which means they only guarantee you will be satisfied, not get your money back. They have “Product-Specific Guarantees” and you have to call different numbers for each product in order to get your money back. All the products have different guarantees, which I think is ludicrous.
Final Thought
In my opinion, Market Traders Institute is a SCAM. Do not join this program because you have to pay way too much money, and the training is NOT worth it! I don’t believe they will give you a full refund, so I DO NOT recommend this program! Be careful!
If trading is not for you or you do not want to spend all of your hard earned money, you need to check out my #1 recommended program! It is free to join, there is TONS of training, and you can get all the help you need from other online entrepreneurs, as well as me!
Verdict
If you have any questions or have had experience with Market Traders Institute, please leave a comment below and I will be more than happy to help!
Your Friend,
Karissa
I recently traded with a binary options broker headquartered in Dublin, Ireland by the name of Glenridge Capital. After several winning trades I tried to test the verasity of the broker by making a withdrawal. Neither my Account Manager nor their Support department would communicate back to me so I requested via e-mail to close the account and return my funds. They are non-communicative and clearly a scam brokerage. I did not give up because I had invested a lot of money in this and I contracted the service of a recovery expert and hacker who helped me. His info is [email protected] I am sure he can help with many of these other similar cases
Thanks for the information Sam!
– Karissa
MTI is a HUGE scam there are soooooo many expensive courses after the giant start up fee. Jeff Watkins is the biggest lying thief. Im working with a lawyer. Save every Phoenix conversation on tape, every e-mail, and text you can …..You WILL need it. They appear to be personable and caring. When you stop buying you are ignored, even the chef does not respond to texts, e-mail or social media. Turn and run, there are so many others that are great teachers who go far out of their way to help you win in any way. NOTHING LIKE THE SELFISH LYING YOUNG PUNKS AT MTI.
Sucks to sat that but so true…..
Thanks for the comment Matt! I hope your lawyer will be able to recover your funds. Good luck!
– Karissa