Thanks for reading today’s review of Elevate Trader
Elevate Trader is a company headed by a person only known by the name Mr. Sultan. The company is offering the following products and services:
- $75 monthly chat room where ‘Mr. Sultan’ will call live trades and audience members will attempt to replicate.
- Personal mentoring on how to trade the ‘Mr. Sultan’ secret trading techniques. Price is negotiable.
According to Archive.Org, the ElevateTrader.com website first appeared in early 2017.
How Elevate Trader generates customers
According to SemRush web analytics, the ElevateTrader.com website has only one marketing channel: StockTwits.com.
It seems that’Mr. Sultan’ advertises through StockTwits.com and regularly posts remarks on various threads of hot stocks. In earlier times tradingschools.pro has written concerning fraudulent activity being perpetrated through StocksTwits. You can read the post titled…StocksTwits: The Facebook of Fraud, which gives examples of how unethical characters are hustling ordinary investors.
What does the typical “StockTwits” fraud look like? It’s quite simple.
Step 1) Create a website offering some sort of magical trading product.
Step 2) Create an advertising account on StockTwits and begin ‘Stock Tweeting’ on message board threads of popular stocks.
Step 3) Post screenshots of supposedly real trades that display amazing trading abilities. Typically $1k per day in profits.
Step 4) Create fake StockTwits user accounts and begin creating message streams that extoll the amazing trading abilities of the supposed trading guru. This is called creating ‘social proof’ via performance spoofing.
Elevate Trader: Is the performance real?
On the StockTwits webpage, that advertises the trading activity of Elevate Trader, you will see truly incredible daily trading profits. The following screenshots are examples of the supposed daily profits:
The following screenshot is the supposed trading averages for ‘Mr. Sultan’…
Contacting Elevate Trader
During the month of January 2018, tradingschools.pro reached out to Elevate Trader in hopes of writing a review.
The conversation with Mr. Sultan started nice enough. He was quite enthusiastic about being reviewed and being exposed to a broader audience. But during our conversation, we’re quite clear that tradingschools.pro verifies all functionality claims through real brokerage statements. At that point, Mr. Sultan fled the interview like an upset cornered rat. He wanted nothing to do with verifying personal trading performance.
During the investigatory period of the review, tradingschools.pro also received two private email messages from a user on our sister website (Trader.Help) as well as a message on our tradingschools.pro dropbox. The messages were direct and plain…that Elevate Trader is a fraud and the performance summaries are bogus.
One person claimed to have innocently stumbled onto StockTwits and became enamored with the advertisements of Elevate Trader. He ended up losing a small trading account, and quite frankly, felt foolish for trusting this company.
Wrapping Things Up
Thanks for reading and for taking the time to message us with your complaints. Although complaining does not help your personal situation, it helps fellow traders avoid scams, frauds, and phonies.