Can you trust online trading courses, especially since you have to pay real money for them? Candlestick Academy charges a minimum of $250 for its services, but the number of reviews is very small. The project even claims to have 500+ students, but this looks like a scam. Let’s break it all down.
Brief Overview
- š„Official Website: https://candlestickacademy.net/
- āļøContact Address: P.O BOX 49173, G.P.O NAIROBI
- šCustomer Support: [email protected]
- šLicensing and Accreditation: no
- ā³Track Record: since 2021
- š§°Specialization: trading education
- š¤Terms of Cooperation: from $250
- š°Additional Services: no
Candlestickacademy.net Overview
The official website is not impressive. Candlestick Academy has not invested much time and resources into creating its project, which is a single-page template-based site. This approach does not characterize the company as serious and reputable, but rather as small and created for quick earnings from selling educational courses.
The only language supported besides English is Portuguese (Brazilian). The site introduces the packages, statistics, contacts, and legal documents, such as the cookies policy and terms and conditions. Nothing more of interest. There are no success stories or real evidence that students achieve success in the financial markets.
Company Contacts
Candlestick Academy only provides an email address and a feedback form for contact. The website does not include links or logos of social networks, which is unusual for such companies, as significant traffic can be found on Facebook, Instagram, YouTube, etc.
Additionally, the company provides its legal entity and registration address in Kenya. This is quite an unusual choice of country, considering that the site supports only English and Portuguese languages. Checking the Kenyan registry for the existence of such an organization is difficult, as it requires an account in the government eCitizen system.
Key Conditions
Candlestick Academy has developed seven different packages for students. The better the package, the more expensive it is, and the more material is provided to the client. In other words, Candlestick Academy artificially creates a demand for more expensive packages by offering more lessons in them. This approach often indicates a lack of seriousness and a low level of educational courses. Additionally, there are no benefits such as one-on-one training with an experienced trader or real-time joint trading.
The price of the minimum package is $250, while the most expensive is priced at $5,000. Here is a list of options and tools provided to clients:
- Trading essentials.
- Technical analysis.
- MT4 and MT5 tutorials.
- eBooks.
- Knowledge checks.
- Economic calendar and daily news.
- Market research.
- 23-131 lessons.
The terms are described superficially, giving only tools and general information, but not disclosing the lesson topics or examples of what students will study. Refunds are only available under certain conditions:
- No more than 90 days have passed since the purchase of the training.
- The student has watched no more than 50% of the materials.
Exposing Candlestick Academy
It is unknown how long the company has been operating because it does not disclose any information about itself. Additionally, there is no information about who the founder is or who conducts the lessons. Who are these people? Do they have the necessary experience and education? Can they prove it? It is not recommended to buy educational courses from anonymous sellers who cannot even show their trading statements, where positive trading results are clearly visible.
The domain of the official website was registered at the end of 2021 and updated at the end of 2023, so presumably, the company started operating around these dates. Based on this, Candlestick Academy definitely cannot boast of extensive teaching experience.
In addition, there is some online evidence that the legal entity PLUFY LTD is also a paying agent for many fraudulent brokers, such as TraderbrokerFX.
What Reviews Do Users Leave?
The fact that the company is unpopular and young is also evidenced by the few reviews on the internet. Moreover, there are no positive comments, only negative ones. In one review, a person wrote that the company leads its clients to a fraudulent broker, which is a popular scam scheme.
How can there be more than 500 students if there are almost no comments online? It turns out that the information provided on the website is false. In any case, there is no evidence from the organization to support their claims.
Conclusions
Candlestick Academy does not disclose its employees, and the founder of the company is also an anonymous figure. The firm has no licenses or certifications, lacks a social media presence, and the number of reviews online is so few that it raises serious suspicions about the legitimacy of the organization. The structure of the educational materials is not revealed, and the price is inflated. The legal entity at all has been seen as a paying agent for fraudulent and illegal brokers. It is better not to risk your money, as it may not be refunded. This company has many negative factors that do not inspire any trust.
Pros/Cons
- The address in Kenya and an email address are provided.
- Very few reviews online.
- The firm does not disclose information about the founders or teachers.
- The founding date is unknown, but the domain is recent.
- Template-based website with minimal data.
- The structure of the educational materials is not provided.
you’re right. no desire to get involved with any anonymous courses.