MTA LIVE: Real or Fake?
5 stars based on
Fri Apr 6 Tokyo: September in General. The guy that runs it all is Matt Travis: I've seen some screenshots where he's made half a million pounds But, the usual question must always be asked, if he's capable of making all that damn money, why is he so interested in helping others? He addressed this in a comment, where he said something along the lines of making all this money gets lonely, and that he wants to help others.
He's also stated in a video that he's aware of the two blogs above accusing MTA of being a scam, and, obviously, dismissed them. I've also seen countless of people applauding and complimenting him on his Facebook statuses, so I'm confused.
I've been following his profile for a while now, and he seems like a very genuine person. He also occasionally uploads short videos.
On their official website, I've seen logos of ABC, Bloomberg, etc, with no direct links, and so many fake, scamming auto-traders online place these logos on their website to look authentic. However, I see that those big corporate logos are no longer there.
There seems to be a new month apprenticeship beginning at the start of every month, I think. I contacted Matt himself via Facebook, and expressed my interests. I soon received a call from someone that works alongside Matt, explaining about the month apprenticeship.
Monday's and Thursday's, I think, are webinars, and Wednesday's are live trading days. They now have an office now in The Shard, in London, and Matt has expressed ambitions of "taking over" and expanding. I'm sure this is the real deal, but it just seems a little too good to be true. Yep, it doesn't look good! If he is "lonely", why do clients have to open an account with a specific broker?
Surely he could let you have his advice and trade where you like? The threads linked above cover it off pretty well. As you have experienced, you can't become an "apprentice" without opening an account and depositing funds through their affiliate link to whatever broker they are using at the time.
They also get a percentage of the amount traded through the account. They are or were using ETX capital very recently, and their affiliate scheme is detailed here http: They also change broker from time to time, so they can get another shed load of referral fees by jumping from broker to broker with the same pool of "apprentices". The office in the Shard is a bit of a red herring to give an extra appearance of credibility.
It's just two small serviced offices which any small business can get from a company called The Office Group who offer serviced offices in The Shard and other buildings across London. MTA rent out trading desks to some of their 'traders' so this probably covers the majority, if not all the rent. There are also a significant number of posts across Facebook of them offering "managed accounts" where their "fund managers" will manage your funds for you.
As MTA are not FCA registered this is almost certainly illegal, which is no doubt why it isn't openly advertised on their website. There have been several disgruntled posts from people who invested in managed accounts and are disappointed in its performance which were swiftly deleted. It will all end in tears one way or another. Do you have some screenshots of the above posts before they were deleted.
So these guys basically make money when anybody opens an account with their broker of choice. The catch being is that you the trader have to place 2 times or more the bonus amount in trade volume i. They constantly encourage users to move brokers when the volume has been hit but in this case the Cypriot regulator cracked down on offering introductory bonuses they are now banned for companies operating under CYSec.
This forced their hand to move to a uk regulated company that offered intro bonuses. The trading methodology they teach is absolute rubbish, its ripped off from market reports, material that is freely available on the internet.
They are only interested in you placing a high volume of trades. They will promote tight risk so you place multiple trades to fulfil the criteria for them to get the introductory bonus before you lose all of your money. If you make money great As a trader you are better off choosing your own broker and educating yourself with the wealth of free information that is available on the internet.
Quite ironic when they claim to champion the 'common person changing their life for the better'. I'll give them one thing, by far the best scam out there i know. The reality is, yes they teach you to trade and yes they have ongoing support and provide webinars and training etc etc but where they make their money is shifting clients around different brokers and getting paid by the brokers in doing so.
You do the math!!! And if you don't switch broker when they say?? Simple, you get booted out from MTA. You make money with them, you lose money with them but in reality you never really progress and make the money they say you can The odd person comes along and trades well and makes good money but that is rare From what I know close source there were 2 guys who own the business.
Matt Travis and Mike Douglas. From what i heard, Matt has recently stuffed Mike over by setting up another company behind his back so they have now split. Mike has gone off to teach people to trade with his own business and Matt has continued with MTA.
Honestly, if you want to trade, buy some books and get reading. I attended two of their apprentice groups I did it twice to make sure the first time round wasn't just bad luckand both times they were appalling. The trading lessons given were ok, fairly basic, but you could have got that type of learning from the internet for free, but the worse bit were the trading signals Matt gave out, so you could 'earn while you learn', they were awful and resulted in loss after loss until my account blew up.
I kept a close eye on my account he traded and I saw him first hand move stops and take large positions sizes vs the size of the account. February edited February One more thing, and sadly I don't have it all print screenedbut Matt said he purchased his house for 1. Also, when he was boasting about his new house he didn't clock the pictures he was posting had the little Air BnB symbol on top rightwhich is no doubt where the RENTS the house from.
I can confirm all the above is true. They sure as hell don't make their money from trading but from signing up mugs for the commission they get from the brokers.
Training is basic, nothing more than what can be found on 'babypips'. They run a 'project 10' whereby clients sign up to turn 10k of their own money into 1m in a year following Matt travis' signals. Do yourself a favour and avoid. Thanks for all this info guys! Matt made an update recently about bad press, this thread probably being one of them, but he didn't mention anything about being busted for lying he purchased his house when in fact he rents it, or the fact he makes the majority of his 'wealth' from rebates and client joining referrals from the broker he signs all his students up to Been interested in going with this guy Travis and his lot for a few weeks but now some things don't seem to add up.
Why deny something that is easily proven? LCG refer to reviewing advertising materials on that website before it was closed down. Me and a few other who were heading his way are becoming more uneasy.
The problem with a liar is that they have to remember the lies they have told, forever. Wondering now if that is what we have here? There is much debate about MTA, or in whatever guise as being a scam.
As it goes, it's probably not a scam per say - as its advertised as a free training course on how to trade FOREX markets. In this sense this is what they do. The dishonesty arises when the company sells the dream of obtaining unforetold riches, fancy cars, watches, holidays, and freedom from the rat race that most people wish to escape. What they don't tell you is that companies like MTA get a referral bonus, and ultimately this is what pays their wage.
This is done by turning over a certain amount of spread. At this point the introducer would receive their referral fee. In this case it would be beneficial for the introducer to encourage their apprentices to take as many trades as possible to ensure that that they hit the spread limit as soon as possible to ensure that they get their referral fee Whilst teaching any old rubbish.
If anyone does sign up with companies like this, it would be prudent to evaluate the signals that are being put out. The problem with this is that many of the people that sign up to these groups are blinded by the clever salesmanship and marketing and the false dream of riches. Truth be told, not many make it in this business as successful traders. Sure, they will have wins from time to time, but undoubtedly the rookies will have more failures by being lead down a rocky path where the introducer will always win.
My advice would be to seek a reputable and experienced educator that is able to show real results from actual live accounts and not just snapshots of a phoney 'traders life' scrap book.
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