ESTE Trader Review: Is a Scam?

ESTE Trader Review: Is a Scam?

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ESTE Trader is a platform that claims to have everything that it takes to make investors great traders. The company also has free trading training resources available. The firm wants to teach interested individuals on how to strategize and manage their portfolio.

The company claims it is up to you to decide whether you want to follow the hard way or use the easy method. According to them, you will spend much time performing research and teaching yourself everything. You will only end up wasting much time and achieving inconsistent outcomes.

However, ESTE Trader claims that you can use the easy way by following up on their strategy. You will take charge of your results by engaging with expert traders who are willing to help you in your trading activity. If you get to learn the outcome, you will see the results translate into your bank account.

The company was launched in 2003, and its main aim is to provide excellent trading education for Forex traders. The company black start can produce excellent traders in the market who have consistent profits. They focus on improving the potential of their client.

ESTE Trader Review, Platform

However, we found that the company was not launched in 2003. A platform that lies about their date of establishment creates distrust with investors. The full name of ESTE Trader is Enlightened Super Trader Education. Sadly, the founder of this training school is surrounded with multiple questions.

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You Should invest with these tried and tested legit Forex trading software to generate income. The system does not require any prior knowledge to generate profits for you. However, always advise investors to educate themselves before venturing into any company. You will know what to expect and learn essential information that will set you off in the market.

ESTE Trader Review

The company has various learning programs available on its platform. They have around four plans that you can enroll in. The platform is selling Forex products and services that we don’t find valuable.

They have a self-learning program that has four packages. The beginner education is going for a price of $499, while the intermediate program needs a deposit of $799. The advanced package and their whole package cost $999 and $1999 respectively. We don’t know what the training resources entail.

The platform does not go into detail in regard. The company has live classes that are categorized into three. For beginners, they need to deposit $850. The intermediate student should pay $1150 to join the session while the advance level trader should cash in $1450.

ESTE Trader also has a private mentoring program that requires a deposit of $25000. The company is only after investors’ money, and those who are interested in their services will only end up losing funds. The founder of products/services are too expensive.

Investors need to know the words of what they are purchasing. It is wrong for a company to sell such expensive services while they have not provided a guideline of what you should expect from them.

Founders Information

The founder of this company is someone by the name Reynaldo Soriano.  He does not publish his background in Forex trading or finance. The only thing we know is that he is an author. Reynaldo also claims to have 24 years of experience in trading. He additionally brags of having trained multiple traders in the market for the last 18 years.

One of his objectives is to train interested traders to achieve success in the market. He urges potential investors who might be interested in training services to contact him. However, during our research, we discovered worrisome factors in regards to the founder.

The founder claims that he is a million-dollar trader who has made an excellent Fortune through trading. Moreover, Reynaldo is bragging about attaining over 13,000% within two months. He’s willing to share his strategy with an investor with a small investment of 25k.

Reynold further states that he has attained numerous degrees, which he doesn’t even bother to mention which learning institution he attended. Keep in mind that the founder of ESTE Trader is not a registered trade advisor or a money manager.

How can you allow someone who cannot showcase any tangible proof of his experience to teach you heading about trading? Additionally, he only claims to be filthy rich, but there are no financial statements that can prove his allegation.

Contact Details

The company is allegedly located at Mount View, CA, USA. The platform has various social media platforms that you can use to contact them. They are on Twitter, Facebook, and Instagram. Additionally, you can contact them via their email address; [email protected] or on their telephone number 1(650)648-3783.

The founder is not regulated to collect money from members of the public, and CFTC does not register him. The individual risks are facing criminal charges. You should only venture with people whom you know their background. Blindly Trusting will only lead to regrets eventually after unimaginable losses.

The Domain Insight

The official domain name of this company is The firm was launched in 2010 and not as they claim on its website. Their registration will expire in October 2020. The platform is privately registered; hence the info of the founder is hidden.

The company is not featured on; therefore, we do not know the amount of traffic the company is receiving. Moreover, their trust score is high, and they might not be a scam.

Red Flag with ESTE Trader

The founder is a questionable character who cannot prove anything that he uses to entice investors. The person cannot validate he is indeed a reputable Trader in the industry. He’s only bragging of being rich from trading Forex

When it comes to financial matters, we prefer showing evidence than bluffing. Let us discuss the mentoring program that ESTE Trader is charging very high. The founder of this company feels entitled, and we are wondering why he is taking an upfront fee of $25,000.

The founder claim that he is a successful trader who is living the dream. We are not interested in his claims. We only want to see his financial statements. He also claims to have degrees in mathematics, physics, and computer science.

All who are not proven, and we would urge investors to stay away from people like Reynaldo. We would love to know the strategy that he is using to attain such a high outcome. Upon checking to see whether there is feedback from clients who have benefited from this platform, our attempt bore no fruits.

There is only a little information about ESTE Trader. It seems nobody is interested in the services of such a shady venture. If their services are legit them, everyone would be popping on their website to learn the trick.

Keep off this fake trading school that cannot summarize what training it is pertaining to. You should look for better alternatives in the industry. You will not learn anything from the shady founder.

Final Verdict

Reynaldo is a good market that lacks trading skills. The founder of ESTE Trader will only steal your funds. The platform is not regulated, and engaging with them exposes you to multiple dangers. We advise those interested in trading Forex to try out these legit Forex trading software that is reputable.


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