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Report: #714220

Complaint Review: Market Traders Institute - Lake Mary, Florida

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  • Reported By: Fisherman — College Park Maryland United States of America
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  • Market Traders Institute Lake Mary, Florida Lake Mary,, Florida United States of America

Market Traders Institute Next Step Financial HoldingLL No risk to try our training. If "not for you," just request a full refund. This program not for everyone. Lake Mary,, Florida

*UPDATE Employee: Customer follow up

*REBUTTAL Owner of company: MTI - A very poorly run operation

*UPDATE Employee: Feedback

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Responded to online ad offering The Ultimate Traders Package, training in Foreign Exchange trading.  Sat through several online "Go to Meeting" presentations, followed by telephone calls from salesmen promising a "no risk" trial and a free practice account.  To get the UTP and the special "MTI 4. Charting Software" would cost $5000., but I could receive a matching grant of up to $750. plus a $500 discount by putting down a $750 fully refundable deposit and making a monthly payment of $174.40. plus I could save all 18% interest charges by paying off the balance within 90 days.  After I signed up for the program, I was told that their programs would not run not on my MacBookPro computer, running MAC OSX, and that I would need to purchase and install some $99 program to allow my MacBookPro to run Windows XP.  I asked if a PC with WIN XP would work, to which they said OK, so I pulled my old Gateway PC out of storage, updated it with new Virus and Firewall protection and tried to begin the training program, which was haphazard at best.  I was immediately contacted by numerous other educational programs offering loads of free training in the Foreign Exchange trading market, and I struggled to try to get MTI 4. proprietary trading program up and running on my PC.  It never has run on my PC and of course will not work on my MAC.  My PC runs fine and there is no reason why the program should not run on my PC, except that nothing from this group seems to run as promised.  I was told that I needed to take an extra course in "Scalping the Market" to make some fast money while I practiced the UTP program, so I signed up for this extra training, although it was to cost me an additional $1,600.  When it came time to take that course, I was not allowed to start the course with everyone else, as more paperwork needed to be signed and by the time they got me all signed up for the course, it was about half over.  They did say I may retake the class again on April 20, although by this time, they started excluding me from other so called "classes," which I feel was a very good idea, as I am no longer fascinated by this fraud.  At the same time that one salesman is telling me I can take the April 20th class, I have an email from the supervisor telling me I am again "excluded" from training.  No reason is given. When I told the salesman that I was canceling my membership, he sent me to a website where I found all of these other people who are complaining about this crapy outfit.  I am only out about $2,000 at this.  I am certainly not a racist and do not not consider myself anti-mexicano or anti-cubano. Pero, yo no soy touristo americano.  Yo soy muy gracias, y ustedes?       

This report was posted on Ripoff Report on 04/05/2011 03:35 PM and is a permanent record located here: https://www.ripoffreport.com/report/market-traders-institute-342/lake-mary-florida-next-step-714220. 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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Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
2Consumer
1Employee/Owner

#3 UPDATE Employee

Customer follow up

AUTHOR: MarketTraders.com - (United States of America)

POSTED: Monday, March 04, 2013

Howdy, 
Sorry to hear about your issues with your account manager. This is definitely not the norm here. All of our calls are monitored and our inbound calls are tracked to ensure complete customer satisfaction. If you had a missed appointment by your account manager and waited weeks for a follow up, please call in to the Customer Service Manager and let him know about it. I don't have any information about your account because you haven't identified yourself, but we strive to make sure all customers are taken care of. We take our customer follow ups and appointments very seriously and no one should be waiting weeks to get contacted. 

As to your concerns with our phone numbers, we utilize a local number when we call so that people can call back easily and avoid a toll call. We also offer a toll free number if you want to get it right from our website. You mentioned that you feel you were cold called, I just wanted to address that issues as we don't cold call anyone. Everyone we contact has requested information from us or registered for a webinar. We've been in business for over 19 years, and have thousands of satisfied clients. I truly apologize on behalf of the company for the issues you have been having and want to make sure you get the service you purchased. Please call and speak to our customer service manager Matt Johnston at 407-740-0900 or leave your name here and he will contact you directly. 

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#2 REBUTTAL Owner of company

MTI - A very poorly run operation

AUTHOR: I''ve been scammed - (United States of America)

POSTED: Monday, January 14, 2013

This seems to be the standard rule not the exception, that when you speak with one person, you  get one piece of information. Speak to another and hear something totally different.  Another thing, whenever I call and ask to speak to my account manager, I get the wrong person. Call back and get someone else. Doesn't this company invest in professional phone systems where we can call that person and speak to them directly or at least leave a voice mail for them? Jeesh!

Whenever I call, it takes sometimes weeks for them to get back to me.  And they don't keep appointments either. I had an appointment with my account manager. He was supposed to go over everything for me. I Hurried home and waited for his call. And I waited. And I waited. And waited somemore.

So I called MTI and somebody answered sayiing he was with NEXT STEP FINANCIAL HOLDINGS. Wait a freekin minute! I called MTI anc got NEXT STEP FINANCIAL HOLDINGS??? The person gleefully explained that he works with my account manager and says he was out for lunch. I asked him how he knew that and he said, " because he sits right ahead ome and I can see he is not at his desk." 

So I asked who in the world NEXT STEP FINANCIAL HOLDINGS is and he said, they were resellers for MTI - Market Traders  Institutue and work out of the same office. So I figure in other words, they are the same company.

Then I asked where they were located at. He said,  'Lake Mary, Fl. Just north of Orlando." So then I asked how come whenever I get a call from them it shows up as a local number when I don't live in that area. He said, "We do that to make it easier for you to call us and it's not a toll call."

Don't you have a toll free number? I asked.

He said "Sure."

So why then do you need a local number calling us then I figured it out. You see a local number and you think it is a friend or relative or someone you know, just as I did when they call me. In other words they trick you to thinking it is not a telemarketing cold call.

Funny thing though. When my account manager finally got back to me, weeks later, he called and it showed up as MTI on my phone. Hmmm??

Anyway, I have been having a bad experience with this company. Something smells here.  Appears to be very disorganized and unprofessional.  Customer service is a farce and I mean from everyone I speak to other than the operator who seems very nice.

The people here sound like they are all kids, probably 20-something or less, probably school age working after school or inbetween classes. Right now I am working on getting a refund. Wish I would have cancelled with the first three days, would have saved me a lot of hassle.  The program doesn't work and the people there don't seem to care.


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#1 UPDATE Employee

Feedback

AUTHOR: MarketTraders.com - (United States of America)

POSTED: Monday, September 19, 2011

Dear Client,

I am sorry to read that you had a bad experience with Market Traders Institute. But there seems to be a couple pieces of information you were given the incorrect information.

The Ultimate Traders Package is an internet based program and should work in any computer that can access the internet.  In order to run our charting software on a Macintosh or Apple, clients do have to purchase an additional program to run dual operating system.  Having said that, you should have been told that you do not have to use our charting software to go through the education.  

As far as your gateway PC not running our programs, that should not have happened.  I am curious did you contact our tech support team?

It sounds like there were a lot of things going on with your UTP education experience.  I would like to have the opportunity to at least talk with you so I can better understand exactly what happened.  It would give me an opportunity to resolve your issues or at the very least, understand the full picture and how MTI can learn from your feedback.

Please contact me at your earliest convenience so we can discuss your experience.  My contact information is as follows:

Mark Harper
Customer Service Manager
1-800-866-7431 x246

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