Report: #1493368

Complaint Review: Michael Covel - Virginia

  • Submitted:
  • Updated:
  • Reported By: PJG — Colorado United States
  • Michael Covel Unknown Virginia United States

Michael Covel Michael Covel's Trend Following Flagship Course Covel would not refund Course Fee Virginia

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Please avoid purchasing Michel Covel's Trend Following Flagship Course - it is a rip off! I signed up for Michael Covel's course which promised to be a comprehensive & practical course in trend following investing and trading. It was hyped as being useful for all investors - from novices to hedge fund managers.

The course cost $2397.60 for 18 months of instruction and support. The course materials were sent to me online. I found that the material was poorly written. It was too compex in parts and in other parts was too theoretical and anecdotal. After 3 days, I saw that the couse was not a fit for me. I doubt the the course material will be helpful to most other enrollees. I communicated with Michael on threel occasions about my problem with his course.. First I asked his assistance to better understand the material he was promoting. His suggestions were not helpful and only re-enforced my initial perceptions. This couse is an unuseful waste of time. 

Finally I have asked Michael for a refund on 3 seperate occasions. He has refused. He repeatedly has said that his support and guidance will enable me to suceed. I have told him that his material does not work for me. He has hiden behind the agreement that one must sign before starting the course. It guarantees a 75% refund if the course proves unsatisfactory, but this can only take place if all trades are made following the course's trend following system and if all trades are logged  and then sent to him.

On top of this, the refund can only occur if one stays with the course for 12 months and then only if a refund is requested within 15 days of the one year anniversary. It seems to me that a lawyer wrote the guarantee & agreement to protect Michael Covel's interests. It certainly makes it nearly impossible for a course enrollee to get any refund. The "agreement" should have been a giant RED FLAG warning me not to sign up for the course. Unfortunately, by signing the agreement to enroll in the course I did not follow my initial impressions. I hope all readers can avoid making the mistake I have made. The couse material is impractical useless to me. Michael's inability to at least offer a partial refund shows me that he is concerned only for himself and his profits.

I am still in the process of trying to get my money back. 

Please, please don't get ripped off like I have. Steer clear of Michael Covel - his books and his trend following course. 


This report was posted on Ripoff Report on 03/27/2020 10:51 AM and is a permanent record located here: https://www.ripoffreport.com/report/michael-covel/virginia-s-trend-following-1493368. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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