Spiking.com is a scam! They claim to rely on AI technology for monitoring insider trading activities for stock purchases, but in reality, they only amalgamate publicly accessible data. Their fee for a subscription is $1.9k yearly, and the 2 to 3 days of virtual training is not worth it. Their stock spike analyses are shallow, and one of their stock selection strategies is based on net purchases which does not stand on solid ground. All the people in their closed group claim to be making money, while none of them document losing trades, yet 90% of the students lose money trading options. It is best for beginners to practice with paper money for 3 months, or to use nominal amounts of cash to test the waters.
Accused Details:
Person / Business Name: Spiking.com
Monetary Loss Amount : $1900
Why the Submitter Profile is Anonymous?
“Anonymous” means that the person who submitted the complaint wishes to remain unidentified. It is important to note that the anonymous status of a complaint does not indicate that the information provided is not truthful. The submitter may be whistleblowers or current or former employees who do not want to be identified to avoid any potential retaliation.
