Is Investors underground a scam? A Thorough Review
Product Name: Investors Underground
Owner: Nathan Michaud
Industry: Day trading
Price: Monthly subscription of $197 for Standard and $297 for Elite
It is likely that you heard about Investors Underground from an online forum and you are here to find out if it is legit or scam.
As of today, Investors Underground is considered one of the most popular day trading chat rooms with a lot of dedicated user base. However, note that having a large number of users don’t mean that a program is legit.
As an experienced trader, I have seen trading bots and live chat rooms with huge user base defraud the members. However, this also doesn’t mean that Investors Underground is a scam.
In this article, you will find out everything you need to know about Investors Underground.
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What is Investors Underground?
Like I explained above, Investors Underground is a day trading chat rooms that offer educational materials and a community of experienced trader to allow traders learn how to trade and trade successfully. You can also call it a professional stock market chat room service.
Hats off to Investors Underground, they started in 2008 and have been online since then. Since then, the chat room has grown from just a few people to a community of both new and experienced traders.
Investor Underground is similar to other trading platforms such as:
As a member of Investors Underground, you will be provided with nightly detailed watch list you can use in trading the next day. However, this stock list usually narrow down 30 minutes before the market opens.
Also as a member of Investors Underground, you will get real-time trading alerts during market hours and whenever the opportunity arises in the marketplace.
Investors Underground has several moderators. Some of these moderators include:
…..And many more.
Who Created Investors Underground?
Investors Underground was created by one of the moderators, Nathan Michaud. He is the founder of Investor Underground and one of the most highly regarded penny stock traders with a remarkable 10-year track record.
Before creating Investors Underground, Nathan was a well-known trading guru at Profit.ly. In fact, this guy was already at the peak of his trading career before he joined Profit.ly and this is what set him apart from other traders then.
He was so popular than at Profit.ly that people joined the platform just to get a chance to learn from him.
Unfortunately, Nathan had problems with Timothy Sykes – the owner of Profit.ly which made him quit the platform and founded his own which he named “Investors Underground”.
How Does Investors Underground Works?
Investors Underground is a Subscription-based chat room for day traders. It comes with a number of features. You will get access to these features based on your level of subscription.
Here a Quick Video on Investors Underground.
The higher your subscription, the more features that will be available to you. The platform comes with different chat rooms, tons of educational resources, as well as trade alerts.
The chat rooms include:
Swing Trading Chat Room
Momentum Chat Room – This chat room is very popular and has very strict rules
OTC Chat Room – Usually dull.
Usually, there are about 500-1000 people on average during market hours in these chat rooms. About 20% of them are newbies with no experience of trading.
One of the benefits of being a member of this chat room is that you will have an opportunity to learn from top traders like Eric Wood, Cam B, Grittani, Emil, OzarkTrades, and many other highly experienced traders.
Other features of Investors Underground include education resources such as video lessons, courses on Day Trading, Watch List for Stocks, and Webinars on Stock Trading.
Let’s Take a Look at the Pros Vs. Cons of Investors Underground
- Learn to trade from experienced traders
- Profits verified by broker
- Get alerts for profitable trades
- Video lessons from the past to catch up
- Daily watch lists
- Good daily scans
- Professional DVDs with hours of instruction to help explain their methodology
- Good news updates
- You will get value for your money
- They provide good customer support
- No free trial
- An overwhelming amount of information
- Lots of unusual trader jargon
- No screen sharing
Reports by Its Users- Are They Really as Good as They Say They Are?
So we’ve discussed all the good and bad thing about Investor Underground now it’s time to discuss the complaints against Investors Underground. Let’s take a look below.
No BBB Profile
At the time of this review, Investors Underground is not yet listed with the Better Business Bureau. So this may be a deal breaker for those of you that rely on these BBB rating to determine legitimacy.
Sharp Learning Curve
There’s definitely learning curve. Let’s take a look at the screenshot below.
It depends on your inherent market savvy, knowledge and your trading plan. It also depends on how disciplined you are and how much emotion control you have, the condition and type of market you enter and a lot of more.
All in all, it depends on what you consider profitable, how much money you are working with and how much you need to make.
To become a profitable trader, it usually takes 6 months to 3 years. Definitely, you need to know yourself before you enter this game.
Problem With Payment
Some users have claimed they have problems with payment. This could be an anomaly or maybe there were some technical issues. See the screenshot below.
Is Investor Underground a Scam?
It is difficult to believe that someone that makes six figures per year from trading will want to sell out his strategy. To be honest, I doubted the legitimacy of Investors Underground too.
However, after making my research, I was convinced that Investors Underground is not a scam. In fact, you are likely to meet a lot of experienced and reputable traders in their chat room.
However, note that this platform is not where to make easy money. You will need to learn to trade from experienced traders here and make use of training resources provided to have a chance of making money from your trading.
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My Final Verdict On Investors Underground
Day trading is not easy. Don’t let anyone let you believe otherwise. There is no magic pill to make money from trading.
However, with chat rooms such as Investors Underground, you can improve your chances of having successful trades.
Like I pointed out above, you will need to learn how to trade and make use of information provided on this platform if you really want to be successful in day trading.
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