Consumer reviews and reports on scam companies, bad products and services
Market Traders Institute
Market Traders Institute Next Step Financial HoldingLL No risk to try our training. If
4th of Apr, 2011 by User905069
Responded to online ad offering The Ultimate Traders Package, training in Foreign Exchange trading. Sat through several online "Go to Meeting" presentations, followed by telephone calls from salesmen promising a "no risk" trial and a free practice account. To get the UTP and the special "MTI 4. Charting Software" would cost $5000., but I could receive a matching grant of up to $750. plus a $500 discount by putting down a $750 fully refundable deposit and making a monthly payment of $174.40. plus I could save all 18% interest charges by paying off the balance within 90 days. After I signed up for the program, I was told that their programs would not run not on my MacBookPro computer, running MAC OSX, and that I would need to purchase and install some $99 program to allow my MacBookPro to run Windows XP. I asked if a PC with WIN XP would work, to which they said OK, so I pulled my old Gateway PC out of storage, updated it with new Virus and Firewall protection and tried to begin the training program, which was haphazard at best. I was immediately contacted by numerous other educational programs offering loads of free training in the Foreign Exchange trading market, and I struggled to try to get MTI 4. proprietary trading program up and running on my PC. It never has run on my PC and of course will not work on my MAC. My PC runs fine and there is no reason why the program should not run on my PC, except that nothing from this group seems to run as promised. I was told that I needed to take an extra course in "Scalping the Market" to make some fast money while I practiced the UTP program, so I signed up for this extra training, although it was to cost me an additional $1,600. When it came time to take that course, I was not allowed to start the course with everyone else, as more paperwork needed to be signed and by the time they got me all signed up for the course, it was about half over. They did say I may retake the class again on April 20, although by this time, they started excluding me from other so called "classes," which I feel was a very good idea, as I am no longer fascinated by this fraud. At the same time that one salesman is telling me I can take the April 20th class, I have an email from the supervisor telling me I am again "excluded" from training. No reason is given. When I told the salesman that I was canceling my membership, he sent me to a website where I found all of these other people who are complaining about this crapy outfit. I am only out about $2,000 at this. I am certainly not a racist and do not not consider myself anti-mexicano or anti-cubano. Pero, yo no soy touristo americano. Yo soy muy gracias, y ustedes?
Comments
4662 days ago by Bisquick
the Martinezes who run BOTH Next Step and MTI are a bunch of scam artists that have been under investigation by a lot of parties, including the feds. They were involved with David Smith, a Jamaican scam artist who ran a ponzi scheme.

People will continue to get suckered by them for eons to come. You can easily find anything in their education online for free. Don't fall for their baloney about support.

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