Online Trading Academy Meme Competition

Online Trading Academy Meme Competition Finalists and Winners

In March 2020 the Institute of Trading and Portfolio Management launched an Online Trading Academy (OTA) Meme competition. The aim of the competition was to draw attention in the Retail Trader Community to the fedreal Trade Commission (FTC) investigation and findings of their investigation into Online Trading Academy.

Online Trading Academy now ceases to exist. They were caught out for being Trading Charlatans i.e. just normal people who have no trading expereince, masquerading as having Proferssional Trading expereince and making continous exraordinary claims in order to fleece mostly retiring boomers and minorities out of their life savings for worthless “trading education.” They even got a third party to write sub prime loans to people to finance the purchase of their “education,” leaving many of their “students” losing all or most of their money.

Educate Yourself The FTC case against Online Trading Academy (OTA) is one of the best Educational Resources for Retail Traders globally. It makes for one of the best FREE educational resources out there available for Retail Traders.

This is why we started the Meme competition!

Memes are fun., but there is a serious side to this. We want to draw attention to the case, so more Retail Traders will read the details of the case and not fall for similar scams in the future.

A highly recommended read.

THE DETAILS OF THE FTC CASE AGAINST ONLINE TRADING ACADEMY CAN BE FOUND HERE The FTC have now obtained a Restraining Order against Online Trading Academy operating their business.

The FTC have effectively closed them down. Details of the Restraining Order can be found HERE Make sure you read everything in that document. How they constructed the business, the sales pitch, the unfounded claims, the architects of the narrative and how they did it and the details of the total nonsense that these people were selling. It will be one of the most valuable educational resources you will read as a Retail Trader and will save you tens if not hundreds of thousands of Dollars.

At ITPM we know the first step for most Retail Traders is to simply just stop believing the Bullshit and to stop losing money unnecessarily! Then when you are ready to learn properly, ONLY learn from people who have been or are currently real genuine Professional Traders who have actually worked for the top Wall Street firms as Professional Traders.

Why is this an Important Case?

It is important because Online Trading Academy were the largest “Trading Education” Company globally by Sales. They were making approximately $150mln in sales per year and a Net Profit of $40mln-$50mln. They obsessively and psychopathically perfected their pitch to target the financially naïve and took advantage of their naivety for huge financial gain. This case has brought them down and its going to change the way everything works in the Retail Trading Education business. The FTC went after the biggest Charlatans in the Industry. The FTC effectively harpooned the Whale!

The entire Online Trading Academy business model was to target Boomers and Minorities (mostly in the U.S. but also globally). Their “educational programs” were then pitched and wrapped in a lifestyle narrative which blinded naïve “students” into believing they could easily achieve the totally unrealistic financial wealth and income targets claimed by OTA. Their favourite victims were Boomers but they also targeted Minorities with predatory loans to finance their education. The paper of these loans was then sold to a third party thus transferring the loan risk i.e. a subprime referral program. Thousands of these students are now in a position of irrecoverable debt.

The Retail Trading Education industry is still full of Charlatans who purport to be Real Traders. They literally make up 99% of the education space. They pop up from nowhere with no background in Financial Markets and create a fake online back story and narrative. Many of them also create fake track records online. The OTA case is important because more awareness will mean less people will fall for this Bullshit and less money will be lost.

The Online Trading Academy FTC case provides every Retail Trader globally with an educational platform in itself to learn what these scumbags do to lure in their victims so they can avoid them in the future.

Unfortunately, the restitution that the FTC will eventually order Online Trading Academy (OTA) will probably never be paid to customers. The money is probably long gone. The business by now will have probably been gutted for cash and assets and the money sent offshore. Online Trading Academy will just claim bankruptcy.

This is why it is so important to get the word out and spread this story! Help educate people so they don’t fall victim to these types of predators in the future!

Online Trading Academy (OTA) Meme Competition Finalists

Below we have included the Memes sent in to ITPM over the last month.

For the winners we picked what we believe to be the 5X funniest and most popular Memes according to our team internally at ITPM. Winners will receive a choice of 12 months subscriptions to two of the Institutes flagship Educational Online Programs available at www.itpm.com/education/ worth $5,998 Professional Trading Masterclass (PTM) Video Series 12 Months Subscription = $2,999 Professional Options Trading Masterclass (POTM) Video Series 12 Months Subscription = $2,999 Professional FOREX Trading Masterclass (PFTM) Video Series 12 Months Subscription - $2,999

Scroll to the last pages of this document to see the winners!

Like us, we hope you get a lot fo enjoyment out fo the Memes

The 5 Winners of the ITPM prizes go to the following entries;-

Entered by: Ben Ryan The simplicity of this Meme is a thing of beauty. Winner!

Entered by: Sophia Farouk One of the key Online Trading Academy pitches to clients was that you can make a regular substantial income from Trading.

It is one of the Charlatan Trading Educators favourite pitches to sucker in naïve and desperate “students” and it is totally false.

Winner!

Entered by: Jonathan Renzi Winner! This meme is a direct and highlights the folly of the Boomers Online Trading Academy (OTA) psychopathically targeted with promises of riches in retirement.

Entered by: Istifaa Maleyana We loved this Meme even though it had nothing to do with the way OTA behaved..., but what the meme does well is imply that all OTA had to do in order to make people believe was tell them to do stupid things and they naively complied.

Entered by: Bryce Hughes When we saw the news about the FTC investigation into Online Trading Academy, everyone at ITPM felt exactly the same way as this Meme portrays. Winner!

Winners are encouraged to contact ITPM via our website contact form HERE to collect your prize. A choice of 2X 12 Months subscriptions to any of the ITPM online Educational Trading Programs.

Ben Ryan Sophia Farouk Jonathan Renzi Istifaa Maleyana Bryce Hughes To all those who entered that didn’t win. Thanks for taking part! We enjoyed all of your Memes. They gave us countless hours of laughter at ITPM. At least you all now know which path not to take in your trading journey.

Thank-you!

The ITPM Team