Warrior Trading - FTC scam alert - futures io
futures io

Warrior Trading - FTC scam alert

Discussion in Trading Reviews and Vendors

      Top Posters
    1. looks_one natan1967 with 5 posts (5 thanks)
    2. looks_two ziggy123 with 3 posts (3 thanks)
    3. looks_3 Larryeh1 with 3 posts (4 thanks)
    4. looks_4 Big Mike with 2 posts (39 thanks)
      Best Posters
    1. looks_one Big Mike with 19.5 thanks per post
    2. looks_two planetmoto with 6 thanks per post
    3. looks_3 kingoliver with 6 thanks per post
    4. looks_4 showbiztrader with 3 thanks per post
    1. trending_up 9,523 views
    2. thumb_up 134 thanks given
    3. group 475 followers
    1. forum 49 posts
    2. attach_file 4 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Search this Thread

Warrior Trading - FTC scam alert

(login for full post details)
  #31 (permalink)
Raleigh NC/US
Posts: 15 since Mar 2021
Thanks: 13 given, 27 received

Big Mike View Post

FTC Matter/File Number 2023198
Civil Action Number 3:22-cv-30048
Federal Court District of Massachusetts

The Federal Trade Commission is cracking down on the Warrior Trading day trading investment scheme for making misleading and unrealistic claims of big investment gains to consumers. The FTC alleges that Warrior Trading and its CEO, Ross Cameron, used those claims to convince consumers to pay hundreds or thousands of dollars for a trading system that ultimately failed to pay off for most customers.

As a result of the FTC?s case, Warrior Trading will be required to pay $3 million to refund consumers and will be prohibited from making baseless claims about the potential for consumers to earn money using their trading strategies.

Hey...I edited my original post to acknowledge my misinformed response. These papers are tricky language to understand. Thank you for the clarity. Maybe I'll get a little refund from the thousands of dollars I spent and over a year of my life to realize the techniques were, in part, not fully transparent, and certainly IMPOSSIBLE to replicate. I lost my education money, AND thousands in an account trying to chase the illusive techniques of Warrior Trading.

It's a dark, disappointing chapter of my trading journey. Can't wish, can't hope it back. Just been looking forward now the last year and trading with prop firm money, cause I have no capital left. Someday I hope to build back the capital and start trading for myself again.

I've learn so much the last year, techniques that do work, communities that ARE transparent, strategies that are valid and replicable, and an ability to create my own niche and style, trading a market that fits me.

Anyway... I learned the hard way.

Reply With Quote
The following 3 users say Thank You to showbiztrader for this post:

Can you help answer these questions
from other members on futures io?
Help with Scale In ATM strategy
value chart indicator by sim22
MTF Moving Average Indicator for nt8?
The Elite Circle
EasyLanguage Programming
Best Threads (Most Thanked)
in the last 7 days on futures io
Most Funding Firms are a Scam
68 thanks
Spoo-nalysis ES e-mini futures S&P 500
18 thanks
Want your NinjaTrader indicator created, free?
13 thanks
Trading Plan
9 thanks
Selling Options on Futures?
9 thanks
(login for full post details)
  #32 (permalink)
United States + World
Experience: Advanced
Platform: IB TWS
Broker: IB
Trading: Bonds, Stocks, Futures, Options
Posts: 19 since Nov 2018
Thanks: 161 given, 23 received

showbiztrader View Post
Anyway... I learned the hard way.

Excellent post...

From what I have seen and experienced with my trading evolution and the trading evolution of many others mastering trading it is only done the Hard Way... for everyone.

Trial of Fire is required, mandated and destined for us. No exceptions.

We must use correct high probability trading methods that are executed 100% of the time... They have have to be imprinted into our Genetic Code and tattooed on our forehead... and burned into our soul/mind.

and if we can do that... 'It's a Walk In The Park'

Reply With Quote
The following 3 users say Thank You to Sant for this post:
(login for full post details)
  #33 (permalink)
Montréal, Canada
Posts: 33 since Jan 2014
Thanks: 12 given, 9 received

Finley View Post
What's intriguing is that Ross is still on YouTube, posted a video today, and looks like business as usual. Still has links to his courses. But his caveats and disclaimers seem to be much more robust.

Isn?t paying a $3 million fine business as usual?

Reply With Quote
(login for full post details)
  #34 (permalink)
Phoenix, AZ
Experience: Intermediate
Platform: TradeStation, NinjaTrader
Trading: Futures
Posts: 3 since Mar 2022
Thanks: 1 given, 4 received

mluka View Post
Isn?t paying a $3 million fine business as usual?

Yes true! Well, I guess the point here is some of us are referring to Ross as a scam artist. But a "scam" is generally a criminal activity, subject to seizure, shut down, and arrest. I knew a fella who was scamming investors outta money and he was arrested and convicted of fraud. So regardless of whether we like Ross or not, or think his classes are BS, it's important to delineate between running a "scam" and misleading advertising.

Reply With Quote
(login for full post details)
  #35 (permalink)
seattle washington
Posts: 41 since Feb 2019
Thanks: 7 given, 19 received

Mmmmmm...... I think that's odd. So odd that I'd like to know where you got your info, Mike, 'cause I don't believe it.

Warrior Trading is about education, not about selling a "trading system." I've been with Warrior Trading for two years and I've never seen or been approached to purchase a "trading system" of any kind. We are reminded daily that Ross' results are atypical and to never "follow anyone else's trades", and are given access to a simulator and a live data feed as part of the monthly fee. It's expected that it will take most people at least a month to reach the level of positive metrics on the simulator that will make them most likely to succeed before entering live trading. And while you can jump on the simulator anytime, it's expected that one will first go through the levels of classes that will allow the student enough knowledge to create their own simple strategy. Otherwise the simulator is not really any use.

Warrior Trading is all about education regarding the stock markets in general, the need for, creation of, and examples of, successful strategies, and how to use them.

If the FTC is actually after them, that's unfortunate; WT offers a hugely beneficial service to traders.

Reply With Quote
The following user says Thank You to abev for this post:
(login for full post details)
  #36 (permalink)
Chattanooga, TN
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage, TD Ameritrade
Trading: Futures
Posts: 4 since Aug 2021
Thanks: 2 given, 10 received

I took the classes. They were fine... but I never used Ross' style nor the simulator (as it was hardly realistic on the order fills, plus other areas). What I thought was going on was the students buying/selling from Ross' position. He tells you not to follow, but if you're trading the same stocks as Ross... you're going to end up in his wake. He gives you where he's going to be buying or selling (usually buying because he is often using a retirement plan... can't short in those) but watching him in the chatroom he is usually buying earlier than he is telling you. Once you get in, he's already selling against and into your position - his students are in instant pool of buyers/sellers. Again, just my suspicion based on watching the time/sales, his projected position entries on the Ask, and when his orders were filled (on replay you can see this).

By my logic, of course his results are atypical - in addition to Ross being a good trader - most people don't have the benefit of a pool of traders to buy/sell into knowing they are close behind in the same direction to take the other side of the trade.

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to ThemBones for this post:
(login for full post details)
  #37 (permalink)
Market Wizard
Columbus OHIO
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
MiniP's Avatar
Posts: 1,151 since May 2017
Thanks: 1,108 given, 2,915 received

Have they been proven guilty?

I'm going to play devils advocate here and it might piss some of you off. FYI I have NO affiliation with warrior or ross and am not defending his/there actions at all as I do not know everything about this case/what has happened. Please read that again before you fly off the handle.

How many trading strategies are posted on this forum alone? That work for a handful of people and produce 0 results for hundreds if not thousands of others? I would easily say thousands of ideas and I personally love it, I think when it comes to trading it is trial by error. I know I have spent a decent amount of money on things that didn't work and even though they didn't work, 9 out of 10 times I still gain another piece of the puzzle.

I agree with most of you that if you promise/guarantee results then there should be consequences especially when you prey on people similar to what raging bull did, but where is the line that says "hey this is how I trade if you like it you are more then welcome to spend a couple hundred bucks and hopefully it works for you". I love to read about strats on here or watch youtube videos about what is working for others and 99% of the time its simply because I enjoy the "sport" of trading and I like to see what others are doing. I don't want that to stop, I don't want people to stop making indicators because they are afraid of the FTC/CFTC or Al brooks stopping with what he is doing, even though at times the monotone drives me nuts.

At the end of the day it has to be a give an take, and to a certain level consumers have to be held responsible, you can't go around buying everything and when it doesn't work out try and sue someone ( broad statement not just about this case so relax). Look at college, how many of you have degrees you never got a job for/did nothing but put you into debt? Try and sue a college because your gender studies degree didn't make you 6 figures it actually cost you 6 figures. Give and Take

This is coming from a guy who bought the top of the line package from tim sykes for idk how many thousands when it first came out and you know what there are a few parts in there that I actually go back and look at once a year or two.

From what I've seen this dude is disclaimered to the gills, maybe this happened after the lawsuit and if that's the case id gladly eat my words but I am very curious to see how this plays out. Hopefully they can weed out the bad ones but I hope guys/groups like PATS aka mack don't get slapped by stuff like this.

This might piss some of you off but always think about what else it is going to effect when a new change/direction from any sort of government group/agency is made.


"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to MiniP for this post:
(login for full post details)
  #38 (permalink)
Paris France
Posts: 21 since Feb 2021
Thanks: 33 given, 6 received

natan1967 View Post
There are very few traders out there who can trade real money in front of everybody. As far as i know he claimed to be trading real account . Was that the case?

The only way to confirm this for sure would be to look at the stock's live tape when he his trading it.

Reply With Quote
The following user says Thank You to Phoenixoboros for this post:
(login for full post details)
  #39 (permalink)
Orlando, Florida, USA
Posts: 36 since Oct 2010
Thanks: 3 given, 101 received

Slap on the wrist. Cost of doing business.

No mention of front-running his 1000+ member chat room to gain an alpha advantage. That about says it all.

Reply With Quote
The following user says Thank You to SteveH for this post:
(login for full post details)
  #40 (permalink)
 TWDsje   is a Vendor
Posts: 745 since Apr 2016
Thanks: 20 given, 941 received

The complaint gave several examples of clear violations of FTC rules. I'm quite disappointed by the number of people out there trying to cover for Warrior on this. I view this action from the FTC as a warning about how strict they're going to be. The complaints about Warrior were always around possible frontrunning of followers - something the FTC doesn't cover. Their advertising is really quite tame compared to what we see regularly from others in the space. Still they did violate rules, and the FTC is making an example of them. I hope it makes other influencers think twice about how they promote themselves.

- SpeculatorSeth
Reply With Quote
The following 5 users say Thank You to TWDsje for this post:

futures io Trading Community Trading Reviews and Vendors > Warrior Trading - FTC scam alert

Last Updated on May 25, 2022

Upcoming Webinars and Events

NinjaTrader Indicator Challenge!


Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts