Honesty, pricing, process and quality scores appear once 5 customers have rated them.
About Interactive Trader
Interactive Trader provides education and training, along with a proprietary software tool for market and trade research. Use the software to research and evaluate a market sector, index or firm through analysis and integrate with licensed brokerage companies like TD Ameritrade, Ally Invest, and other third-party brokerages. While Interactive Trader does not offer specific investment advice or trade recommendation, it teaches its students how to better understand the market and identify opportunities while mitigating risk."
Interactive Trader (interactivetrader.com) has 781 customer reviews on Folks Told, with an average rating of 4.6 out of 5.
BEWARE! The 3 Day Workshop is a precursor towards trying to get people to sign up for their $20,000 program.
Reply from Interactive TraderJan 21, 2019
Clint,
I appreciate that this is your feeling but I am not able to see any account in my system for your name. We do offer all levels of training for students, but it is their choice. They are taught and helped at every level and allowed then then choose if they wish to go forward with more detailed / advanced help.
It is much like telling a High School graduate to avoid college because they are going to want money.
We wish you the best. If you would like to discuss this please email me at [email protected].
ST
Sam T.
Luke was very helpful in resolving…
Luke was very helpful in resolving issues concerning logging into my account. The problem was eradicated swiftly and competently
CA
Catherine
Very interesting and informative.
Very interesting and informative.
MM
Mr Malcolm H.
Had a problem accessing my account…
Had a problem accessing my account using my mobile.Spoke to Connor on help line.He was excellent and solved my problem very quickly.
EL
Elizabeth
What an experience!
In November 2018, I attended the a presentation from Kevin O'Leary in Alberta Canada. I had no idea it was put on by Interactive Trader and the focus was actually about learning to trade options.
I found the presentation very captivating and decided to sign up for the 3 day workshop. Yes, there was a very strict sign up time and the cost was $1,300 CAD, but they let you bring another person. So technically 2 people can split the cost. They also allow for a reimbursement of this $1,300 CAD fee if you achieve a few things - completing the online videos and getting a 70% grade on a quiz, placing 20 virtual trades and 20 live trades (can be a combo of stocks and options)
I did experience a bit of buyers remorse because I felt so rushed and then read some reviews that night, so I called them and they were very nice said I could attend 2 days of the 3 workshop and if I didn't find it helpful, I could cancel and get my $1,300 CAD back. I said ok, and went to the 3 day workshop.
The 3 day workshop was intense! I had my suspicions that it was going to be a sales pitch and knew there was a big price tag attached to the advance training. The workshop presenter was very engaging, there was a lot of material to cover, so there was no questions. Occasionally vocal people would yell out questions cause they wanted to get to the answers fast, and the honest truth, is this isn't a "get rich quick scheme" trading options is complex and they try to give you a lot in a short period of time. Yes, there were people frustrated that left and of course this isn't for everyone.
There's an element of "training the mind and coaching" that goes along with the 3 day workshop, which I think works, people have to be in the right state on mind if they want to invest in something like this and follow through. So if they weed people out, it's probably for their own good.
We did have quick meetings with our consultant, ours was a young man who worked with us to see what our goals were and to understand our situation. Initially I expected sales pitch, but he wasn't like that. Maybe we got lucky. The full 3 days were of intense learning and testing our wits, but my partner and I were pumped and took it all in. On the 3rd day, we were told more in-depth about the advance training and the cost. The full package is priced at $20,000 CAD. But our consultant and worked out a plan that met our needs, and then I understood better why the consultant meets with students, it's because they can help you if you really want to learn to trade options. The final cost of an advance training package is for 2 people, so you can split it to minimize the cost.
We signed up for a package for the advance training and opted out of few things for the time being. Another person there mentioned that they did that as well. Our package included a 2 day live trading lab which was extremely helpful and 1 on 1 training on the platform and technical analysis. In between the time following the 3 day workshop and the lab, we watched a lot of the videos online and took the quiz and got prepared. The videos are very helpful and the resource line is fantastic, the customer service is amazing. We also started doing virtual trades. Once at the lab, there was some review of options and then practice on the platform. Sure there are very complex spreads but the directional calls and puts get easier and easier to understand.
After the lab, there was certainly an increase in confidence for many people there. The virtual trades are really helpful to see what you're doing right and wrong and the resource line is extremely helpful.
I do think that this options trading education is quite expensive, it's certainly not for everyone, it can very complex if you don't slow down and dedicate time to learn it. It's true that they say about trading options "one way or another you're going to pay for it." It's either going to be through the expensive education or learning it on your own and making costly mistakes. You don't get the support and knowledge base on Youtube and the internet. These people are very good at what they do and the way the company is ran is very successfully.
I know that it's going to take several months if not a year to make back the money as we begin live trading. But the education is worth it. It really did seemed like a boot camp. Tough in every way, but so applicable and rewarding in the long term.
CH
Cheryl
Hello,
Hello,
I signed up to see Kevin OLeary in November 2018 to learn about investing. At that time they promoted and sold a three day course at a cost of $1297, this course would teach you the secrets of trading options. The course consisted of 20 total hours over three days. You would think you would have a fair idea of option trading by the end of the course.
The conclusion that I arrived at was that the three day course was used to convince you to upgrade to the $20,000 course. The time was used to play with your emotions, supply a minimum amount of material... just enough to confuse you, and leave you without confidence to make a trade.
I think the software could be useful if the three day course allowed you to interact using the software, thus allowing experience and instructional materials. For the price of $1297, you would be better off taking a legitimate university offered continuing ed investing course, and you would come out with a better understanding of option trading/investing.
My purpose in writing this review is to inform that it was misleading, and in my opinion there was an underlying agenda.
Reply from Interactive TraderJan 21, 2019
Cheryl,
I will reach out to you in private and see what we can do to help you.
AG
Andy G.
If ever there was a customer service…
If ever there was a customer service person that went beyond the call of duty to assist then it would have to be SEAN, OMG, he was sensational, calm, patient, and helpful. Normally you would be passed from one agent to another in a never ending circle of frustration, but with Sean, this was NOT the case. HE called the relevant departments, HE made the effort to find the solution, not once, but 3 times, 3 different departments, sure, I was on hold for a while but it was SO worth it. Give this man a pay rise, and a medal, and let him teach all the others just HOW customer service should be performed, he KNOWS how to do it. Thanks Sean, Merry Christmas, I am sure Santa will be kind to you!
SA
Saloua
Hello sir.
Hello
I attend the event it was so interesting.
Ihope next event .to start my project.