Scamming Traders with Terrible Products at High Prices
Base Camp Trading is supposed to be an education platform for traders with courses and trading rooms so traders can learn from experts. However, it lacks any qualities of being a legitimate enterprise. Its owners claim to be experts without any proof, its products lack any value, and its trading rooms lack any activity.
In my Base Camp Trading review, I’ve discussed how these people are scamming new traders. I hope my review would help you in making a better-informed decision about this company.
Wanna-be Masterminds of Base Camp Trading
Base Camp Trading is a sheer example of ‘never judge a book by its cover’. The team behind this scam looks great on paper, which helps them in trapping more people in their sleazy schemes.
Base Camp Trading is the brainchild of five guys, Drew Day, Thomas Wood, John Osborn, Dave Aquino, and Brian Strong. Drew is the founder and president. He claims to have 16 years’ experience as a hedge fund manager and a speaker. He also claims that he has managed more than $6.5 billion worth in assets. He’s a CTA (Commodity Trading Advisor), and like him, the rest of the team looks good on the paper too.
This great-looking team allows Base Camp Trading in convincing people that they would get the value they want. Most of the victims of this scam are people who get fooled by titles and accolades. In terms of delivering results and performance, Base Camp Trading fails tremendously.
Yep, Base Camp Trading is scamming you…
This company is scamming new and seasoned traders alike by selling them useless products and a trashy membership. Their entire business model is based on scamming their customers. Their trading room doesn’t have real experts, their courses offer no value, they have contradictory information and whatnot.
I have discussed all the shady aspects of Base Camp Trading in detail in the following points:
Base Camp Trading is selling trash to its customers by repackaging it in multiple ways. If you’d read their landing pages, you’d be bombarded with numerous useless products. They are offering courses, trading rooms, VIP customer support, and many other things under a $7 price tag.
If they can offer so much in $7, it really puts a question mark on the quality of their products. To top it all off, they offer a $897 course along with this membership too:
They claim this course is a must-have for any trader and that’s why they are providing it FOR FREE to their members. In my opinion, it’s trash. Otherwise, when they already sell so many courses in their store, why would they keep a $900 course for free? It doesn’t make sense.
No Performance Disclosures?
The main product of Base Camp Trading is their trading room, which I’ve discussed in detail below. However, the biggest issue I faced in that room was their lack of performance disclosures. A trading room should help traders learn from others but if they can’t share their performances then there’s no way to validate their claims.
How can you trust a guy’s methods if he can’t show you the proof of his results? This is especially suspicious in trading where a person’s results matter the most.
You can’t expect traders to trust a random person’s word all the time. This fact alone makes their trading rooms useless. Their trading room only serves one purpose and that is, to fill their pockets.
The Deceiving Trading Room
Basecamptrading.com has a trading room that runs from 9 Am to 12 AM. They offer you the option to test this room with their $7 a month subscription, however it only lasts a month and they will charge you $147 for the entire month. They mainly specialize in options and futures trading so they have two day trading rooms.
Thomas Wood moderates the futures day trading room whereas Dave Aquino handles the options day trading room. The trading rooms are supposed to help traders interact with and learn from other seasoned traders. Base Camp Trading offers trading style courses, daily trade analysis with commentary, their Weekly Outlook, their private member-only chat room and a live new member orientation session.
Like I mentioned earlier, their offerings look great on paper. However, their trading room remains inactive most of the time. The main purpose of a trading room is to help traders learn new techniques but the study material is pathetic.
Even when there’s some activity present in the room, it’s not regarding trading. The moderators would talk about everything except trading. They keep bantering about random stuff, probably to SHOW people that their rooms ARE active, while in reality, they are just filled with useless nonsense.
Base Camp Trading has Zero Credibility
Dave and Thomas try to make their trading room a lot more credible than it actually is. Sometimes they would share some random trading information due to this purpose. But here’s the thing, none of the team members of Base Camp Trading hold the necessary experience or credentials to give out trading advice.
As I mentioned earlier, Base Camp Trading is a rebranded company with a few more team members than before. And there’s no way to verify the credentials or experience of the team members. Nobody knows anything about Drew or Thomas outside these companies. The only source of their career information is their own website.
So, it’s obvious that these people aren’t reliable in any sense. If they had any experience or skill to show, they wouldn’t hide it this much. Why would an expert hide their expertise? The only explanation is, they don’t know anything so they just keep spewing jargons and banter to deceive traders.
Apart from all this, the screenshots and ‘trading results’ they share in the trading rooms are of simulated accounts. How do I know this? Well, actual trading accounts show the balance or the real time summary of the trade. But the shared screenshots and images don’t reflect these pieces of information. It is suspicious and makes it highly probable that Thomas, Drew and others are only sharing fake screenshots to dupe traders.
Upselling till you leave
Base Camp Trading offers many products to its customers. The $7 subscription is just the bait. They have a store which has more than 20 indicators and 23 workshops. All of these products have different prices but that doesn’t mean they are worth purchasing. Experienced traders know how much a useless indicator can cost. A poor indicator would not only lose you the money you had spent on it, but it will also lose you the money you spend while following it.
Their indicators start from $150 and go up to $1500, which is a lot for any indicator.
Base Camp Trading has another service, private consultations. Their private consultations cost $200 per hour, and they claim it’s cheap.
I don’t think asking $200 for an hour is cheap, especially when you’re not even talking to a real expert!
As I’ve already established, the team behind Base Camp Trading has zero credibility. They don’t share real screenshots and claim to be seasoned traders. Their sole focus is on deceiving novice traders who don’t know much about this sector and cash in on their ignorance. They claim to be experts which they are not.
Hiding Every Information they can
The people behind Base Camp Trading try to hide every piece of information about them which can expose their scam. They claim on their website that they’ve been helping people for 10 years, but their website was registered in 2016 only. You can see that in the screenshot below:
Moreover, the so-called experts of Base Camp Trading don’t show any proofs of their expertise. They simply share screenshots of simulated accounts and claim to be real traders. They are making fools out of their customers by making such claims.
Two Contradictory Websites of Base Camp Trading
Base Camp Trading has two websites. The first one is basecamptrading.com, which is the home page of their company. The other one is basecamptrading.co, which is the landing page for their membership.
The homepage of their website is also the landing page for their membership program, so it’s highly suspicious as to why they have kept two different landing pages for the same product. Even the offers are the same on both websites. However, there’s a contradiction, on the first website, they claim their usual pricing is $97 a month whereas on the second website, they claim it’s $147. You can see that in the screenshots below:
The image above is of their main website (basecamptrading.com). Here, you can see that they claim their usual pricing is $97. Now, below is the screenshot of their second website (basecamptrading.co):
Why have such a contradiction on pricing? Plus, both of these websites are for one product. It is another indicator that Base Camp Trading is a scam, trying to loot new traders.
Don’t Fall Prey to this Scam!!!
I’ve reached the end of my Base Camp Trading review. As you can see, this company doesn’t have any credibility to be an educational platform for traders. They are selling trash and are charging thousands of dollars for them.
Their main product, which is their trading rooms, don’t have any real activity except fluff and useless banter. I strongly suggest you, the reader, to avoid Base Camp Trading at all costs.
BaseCampTrading and its red flags are obvious. The combination of fake owners and expensive prices scream scam. It's advised to stay away from them!
- Exorbitant prices
- Inactive trading rooms
- Fake owners
- Terrible products