Tradeando.net

Key Points

• Tradeando.net, led by Enrique Moris, is a trading education platform that has sparked polarized opinions, with significant concerns about its legitimacy and course quality.

• The platform offers trading courses and mentorship, primarily focusing on forex and stock trading, but is accused of misleading marketing and delivering low-value content.

• Allegations include scam-like practices, non-delivery of promised services, and questionable refund policies, with some users reporting financial losses.

• Customer feedback is mixed, with positive reviews praising Moris’ teaching style and community, contrasted by negative reviews highlighting deceptive practices and unmet expectations.

• The lack of regulatory oversight, unverified performance claims, and reported customer dissatisfaction pose substantial financial and reputational risks.

Overview

Tradeando.net is an online trading education platform founded and led by Enrique Moris, a self-proclaimed trading expert. The platform offers courses, mentorship programs, and community support aimed at teaching retail investors how to trade forex, stocks, and other financial instruments. Marketed heavily through social media, particularly YouTube, Tradeando.net promises to equip users with professional trading strategies. However, the platform operates without regulatory oversight, and its offshore status (likely Spain-based, per the source) raises transparency concerns. The primary source, a forum discussion on Rankia.com, reveals a divide between supporters who value Moris’ guidance and critics who label the platform a scam due to its high costs and questionable value.

Allegations and Concerns

• Misleading Marketing: Tradeando.net is accused of using exaggerated claims about trading success and Moris’ expertise to attract customers, with some users alleging the platform promotes unrealistic expectations of profitability.

• Non-Delivery of Services: Several users report that promised mentorship or personalized support was either minimal or absent, with course content described as generic or freely available online.

• Questionable Refund Policies: Complaints highlight difficulties in obtaining refunds, with some users claiming Tradeando.net failed to honor refund guarantees after dissatisfaction with courses.

• Scam Allegations: Critics on the Rankia forum and related discussions label the platform a scam, citing high course fees (often thousands of euros) and lack of tangible results, with some comparing it to pyramid-like schemes due to its affiliate marketing model.

• Lack of Regulation and Transparency: The platform operates without oversight from financial regulators, and Moris’ trading credentials and performance claims are unverified, raising red flags about credibility.

Customer Feedback

Customer feedback for Tradeando.net is highly polarized, with a mix of positive and negative reviews drawn from the Rankia forum and related discussions:

• Positive Feedback:

  • Some users praise Moris’ teaching style and community engagement, with one stating, “Enrique’s course gave me a solid foundation in trading. His live sessions are engaging, and the community is supportive.”

  • A reviewer noted, “The mentorship helped me understand technical analysis better than other courses I’ve tried,” appreciating the structured learning path.

• Negative Feedback:

  • Critics highlight deceptive practices, with one user stating, “I paid €2,000 for the course, and it was just basic info you can find on YouTube for free. No real mentorship, and they ignored my refund request.”

  • Another user reported, “Tradeando.net is a scam. They promise big profits but deliver nothing. My trading account lost money following their strategies.”

  • Complaints also focus on aggressive upselling, with a user noting, “After signing up, they kept pushing more expensive programs, and the free content was just a bait.” The stark contrast between reviews suggests possible review manipulation or differing expectations among users, with negative feedback outweighing positive in terms of severity.

Risk Considerations

• Financial Risk: High course fees, unverified trading strategies, and reported losses from following Tradeando.net’s advice pose a significant risk of financial loss, particularly for inexperienced traders.

• Reputational Risk: Scam allegations and negative reviews could damage Tradeando.net’s credibility, deterring potential customers and limiting its market presence in the competitive trading education space.

• Legal Risk: Misleading marketing, non-delivery of services, and questionable refund practices may violate consumer protection laws, exposing the platform to lawsuits or regulatory scrutiny, especially in the EU.

• Operational Risk: The reliance on Moris as the central figure and lack of transparency about operations suggest vulnerabilities to leadership issues or customer backlash if expectations are unmet.

• Market Risk: The crowded trading education market, coupled with Tradeando.net’s negative reputation, could hinder its ability to compete against more established or transparent platforms.

Business Relations and Associations

• Enrique Moris: The platform is closely tied to Moris, its founder and primary instructor, whose personal brand drives its marketing. No verifiable credentials or trading performance records are provided for Moris, raising concerns about his expertise.

• No Formal Partnerships: The source does not mention partnerships with financial institutions, trading platforms, or regulatory bodies, isolating Tradeando.net from credible networks.

• Affiliate Marketing Model: Tradeando.net reportedly uses an affiliate program to recruit customers, which some users compare to multi-level marketing, potentially incentivizing misleading promotions.

• Community Engagement: The platform fosters a community via Discord or similar platforms, but no specific affiliations with industry organizations or brokers are confirmed, limiting its professional network.

Legal and Financial Concerns

• Legal Issues: No specific lawsuits or regulatory actions are documented in the source, but allegations of misleading marketing and non-delivery of services could lead to consumer protection complaints or legal action, particularly under EU regulations like Spain’s consumer laws. The questionable refund policies increase this risk.

• Financial Status: No records of bankruptcy, unpaid debts, or financial distress are reported. However, the high course fees and customer complaints about non-delivery suggest potential cash flow reliance on new enrollments, a red flag for sustainability.

• Regulatory Compliance: Operating without oversight from financial regulators like Spain’s CNMV or the EU’s ESMA makes Tradeando.net vulnerable to future crackdowns, especially as authorities scrutinize trading education platforms.

Risk Assessment Table

Expert Opinion

Tradeando.net presents a high-risk profile due to its polarized reputation, allegations of scam-like practices, and lack of regulatory oversight. While some users value Enrique Moris’ teaching and community, the serious complaints about misleading marketing, non-delivery of services, and questionable refund policies outweigh these positives. The platform’s reliance on unverified claims about trading success, combined with its offshore status and lack of transparency, suggests it may prioritize enrollment fees over delivering genuine value. The absence of regulatory oversight and the affiliate marketing model further amplify concerns, as they align with patterns seen in dubious trading schemes. Financial and reputational risks are particularly acute for users, given the high costs and reported losses.

Pros:

• Some users find Moris’ teaching style engaging and the community supportive, potentially benefiting beginners.

• Offers structured courses and live sessions, which may appeal to those seeking guided learning.

Cons:

• Allegations of misleading marketing, non-delivery, and scam-like practices raise serious ethical concerns.

• Lack of regulation and unverified claims about Moris’ expertise increase financial risks.

• Negative feedback about refunds and course quality undermines credibility.

Cautionary Advice: Approach Tradeando.net with extreme caution due to its high financial and reputational risks. Avoid enrolling in costly courses until independent reviews verify the platform’s value and Moris’ credentials are substantiated. Research free or low-cost trading resources on platforms like YouTube or invest in regulated brokers with transparent track records. If considering Tradeando.net, start with free content to assess quality, document all transactions, and be wary of upsells or affiliate-driven promotions. If already enrolled and dissatisfied, pursue refunds immediately and report issues to consumer protection agencies, such as Spain’s OCU.

Key Citations

• Rankia.com forum, “Opiniones Enrique Moris y curso Tradeando.net,” published March 24, 2022, detailing mixed user reviews and scam allegations.