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Gorilla Trades Review: Is this a Stock Picking Scam?

Gorilla Trades Review: Is this a Stock Picking Scam?

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Gorilla Trades is our today’s review. The company claims to be a modern, proven stock venture. The platform state that they identify stocks that are highly profitable in the market for their clients. They will tell you when to place and stop the trade.

Moreover, it does not matter what level of experience you have as a trader. The firm has something in stock for everyone. The entity also claims they have established a method that will yield you high profits.

Gorilla Traders additionally has a stock blog. It avails free resources to investors; hence you will boost your knowledge as you acquire free ideas to trade. The company believes that traders should pick them because they have been around for over 20 years.

It furthermore states they have been able to cater to thousands of clients who are satisfied with their services. The company assures investors they do not need to worry as their funds are in safe hands. The little amount that you can deposit is $499, which is for a duration of two years.

Gorilla Traders Review, Gorillatrades.com Platform

The Founder of the company is Ken Berman. The platform is offering a free trial for a duration of one month. The company brags that they have been able to cater to investors in over 55 countries. The company also claims that it is not like other automatic systems.

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They only avail of recommendations, but you have to perform all the other tasks. You have to select your brokerage. The company admits it does not have software. Additionally, the company is not a learning school.

They only avail insight into the stock market in the form of tutorials and videos and other content. However, do not expect complex learning matters.

Gorilla Traders Review

To become a member of Gorilla Traders, you have to sign up for membership. When you register, you will have access to a proprietary members-only website. Here you can expect to acquire training, tutorials, and trade picks.

The company also selects small-cap stock; this is the opportunity that concentrates mainly on low stock prices. They are known as particular scenarios and Gorilla Picklets. Whenever individual stocks have difficulties, the platform will recommend establishing specific stocks. You should always invest with tried and tested trading firms in the market.

They also avail nightly newsletter to their customers. Thee alerts are sent in the form of messages to customers free of charge. They also have an application for mobile phones. The platform state they are using an algorithm known as proprietary radar.

The algorithm can go through over 6000 stocks in the market. They pick only the best opportunities in the market. The two years subscription will need you to deposit $795.

Founders Information

The founder of this platform is known as Ken Berman, also known as Gorilla. He allegedly this study at the University of Michigan. However, they do not specify the course he pursued. The Gorilla Trades Inc was launched in 1999.

Ken had an interest in the stock market and was determined to assist fellow traders. He claims to have great expertise in trading stocks. Berman also brags of formerly working as an investment manager.

He managed to acquire over $100 million before deciding to start his own company. Additionally, the founder was able to convert an investment of personal account into $5,500,000. It was due to the utilization of his trading software.

He also claims to have been featured on Forbes and other remarkable platforms. However, when it comes to financing, we appreciate when a company present proof. Gorilla Traders has not availed banking statements or personal accounts of Ken.

Therefore, there is no available means to determine whether these are only mere allegations. We need more evidence before we can endorse this venture. The only information available is that of the founder. We are wondering if he is running the company alone.

Customer Support and Regulation

The platform can only be contacted via email, which is not a very convenient means. Additionally, the support is being flagged as unprofessional. They will stop responding to your emails when you confront them regarding their terrible services.

If the accusations are correct, then the company is not the best. We checked with FINRA (Financial Industry Regulatory Authority) to see if the founder is an authorized person. However, there is no person with such a name that is licensed.

FINRA only regulates 90 years old, but by the loo of thing, the founder of Gorilla Traders is younger.  The regulatory body does not recognize anyone by the name Ken Berman who was a former manager of Payne Webber or Smith Barney companies.

It is a red flag that many could miss on, especially if you do not know where to look for information. The services that Gorilla Traders is offering are costly, yet we do not see the value of traders’ money reflecting on the same amount.

The entity does not seem legit you won’t be able to spot the loopholes if you are a novice trader. It is because the website is professionally designed and looks flawless. The track record of the founder creates more worry than trust.

Clients Feedback

The company has mixed reactions from those that have previously ventured with them. The majority of these reviews are positive. Clients claim that they have acquired profits after following the advice of this platform.

The company allegedly provide stop-loss price inputs, the recommendation of stocks, and various profit objectives. They also praise the venture for having a great support system. They recommend that other client to try out the company.

Nonetheless, there is also negative feedback from customers. The platform is being accused of not having a stop-loss system. Therefore, clients have to select the time to enter and exit the market manually.

It is hard to tell whether the positive reviews are legit, and this is because the founder is not operating following the law. Additionally, there is no proof of payment that is linked to the reviews of the customers.

Showing proof comes in handy, especially when the reputation of the founder is in question. You need to be keen as some platform pays investors to leave positive reviews behind. In the case of Gorilla Traders, we cannot verify.

The statics they publish are also not real. Another client also states he made a total loss of $3000. Other traders blame and flag the company as a Ponzi scheme. Nonetheless, we see the founder trying to justify the matter.

Final Verdict

Gorilla Traders is a company that seems to market itself in the right manner. The positive reviews that they have acquired might get you thinking that this is the best venture. However, there are multiple red flags that we were able to gather.

The subscription of this platform is too expensive. Navigating the website is not very easy, and they take a certain amount of money when you ask for a refund. It does avail of a telephone number, and it only communicates to investors via email.

The Founder claim to have turned a small amount of money into millions. However, there is no fact to verify the bold claim. There is better trading software in the company that you can use. However, we believe that this company is not worth to be trusted.

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