Wizetrade Review

Wize Trade Review & Customer Comments: Is Wizetrade.com a Scam...?

You've heard it all before, "Trend Trading to Win", "Most powerful Money Manual", "Beating the Bear Market," each one will have you believe that they have cracked the stock market and are sharing their genius breakthroughs with you. All of them have fallen short on their promises, but is Wizetrade's software any different from the pretenders?

The Wizetrade software is a tool created by George Thompson and GlobalTec Solutions. Wizetrade touts itself as a complete stock training program. Wizetrade makes an effort to simplify stock trading with their patented red light green light analysis of stocks.

Wizetrade also advertises the ability to: review a number of stocks at once, find active stocks, execute stock projections, report buy and sell points for stocks, and offer support.

GlobalTec Solutions advertises Wizetrade's software through late night infomercials and at local hotel seminars. Throughout their promotion of the software they make a lot of claims that are hard to factually support.

At the first Wizetrade seminar representatives reassure potential traders that Wizetrade's system is near foolproof and that they're on their way to financial freedom. The Wizetrade scam convinced me that purchasing stocks based on their systems calculated estimations is clear and simple. They claim that the program can separate “positive stock” from “losing stock” yet when I did my research I discovered some disconcerting facts.

I have spoken to many experienced traders and they have told me that when they tracked the projections of the Wizetrade software they were almost identical to charts of Moving Averages. The issue is that there is a plethora of resources that will provide free and up to date data on moving averages while Wizetrade charges almost three grand.

The sad thing is that Wizetrade provides a false sense of security to new traders. Many aren’t experienced enough to know when it’s not smart to follow the green light indicators. I haven’t spoken to one serious trader that relies on this type of software to manage a successful portfolio.

There have also been a slew of negative Wizetrade reviews posted by past customers throughout various stock trading websites. Allegations range from withholding refunds to using their employees to make up positive reviews of the Wizetrade software.

In general many feel that the whole thing is a Wizetrade scam because they entice inexperienced traders with promises of an accurate and automated stock picking system. When in reality customers are left on their own to learn the realities of the stock market, usually after it's already too late and they have suffered serious losses.

You have to realize that there is no shortcut to succeeding in the stock market. It’s not a lottery or casino game that can be “beaten.” The stock market is volatile and its’ changes are dependent on numerous economic factors that can't be fully predicted or calculated by any software.

The only people that make money from Wizetrade are the people that sell it to you. Thus, it's up to you to learn as much as you can through a variety of resources in order to understand the big picture of trading.

One great tool that I personally use is INO TV, a site where you can view the trading systems of the world's top analysts. These are the exact same strategies they teach at their seminars where a seat would cost $2,000 -$3,000.

It's surprising that most people don't know about such a great resource that thousands of traders are using every day to improve their trading skills. The best part is that it's free to join. Click Here For More Information.

Best of luck,
Steve Albright

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Customer Reviews for 'Wizetrade'

Comments to date: 22. Page 1 of 1. Average Rating:

Tony R., Los Gatos, California	Posted at 2:11pm on Saturday, April 18th, 2009
Wizetrade and 4x Made Easy -- scams, pure and simple. You pay $4,000 for buggy software that does little more than the free trading platforms that are available from most online brokers, and they lock you in to a proprietary data feed that drains your bank account to the tune of $100-$150 per month. When their data feed servers go down, their entire customer base goes down. The original software was written in Microsoft Visual Basic, and would crash every couple of hours; on a Windows 98 system it would require a reboot. The newer, redesigned software only runs on Windows XP or later, so when it crashes, it doesn't take your computer down, but that's only because the later operating systems are better at handling ill-behaved programs. I'm a former 4X Made Easy customer (yes, I fell for their slick marketing), and I gave up when my complaints about unstable software were ignored: GlobalTec's "technical support" people would automatically blame my computer for the failure of their s... read more »
Bruce, Saint Louis	Posted at 9:53pm on Friday, April 17th, 2009
The software does work. I guess that you have to realize that it isn't going to tell you exactly what to do, but it averages a lot of information to allow you to interpret it easily. You still can lose money if you don't use it correctly. There are literally hundreds of hours of free training available and it is easy to talk to an expert if you have any questions, in fact a guy calls my house every week to see how I'm doing! The system is also subscription based now so I pay $99 per month for the stock program and feed (which is updated faster than my broker's streaming quotes), and another $99 for the stock finder program. The training is free with any product. My impression is that the people running the company are really trying to help the investors, and they show you how to use the product right on the air, trading live in the market.
Carrie G., Oregon	Posted at 5:45pm on Thursday, April 2nd, 2009
I have been using this software for 6 months. It is amazing and I AM making profits everyday...I cannot say enough about the excellent support and training Wizetrade provides. I would not trade without it!
Randy S, SD	Posted at 2:06pm on Friday, March 27th, 2009
While I agree it is not as easy as the sales reps would like you to believe, my issue is with the fact they bait and switch. When I first bought the software it was $1995 and they assured me of free upgrades for life. At the time it only worked with an esignal data feed (Wizefeed didn't exist). Then a year and a half ago they switch so it will only runs with Wizefeed. I use eSignal for another program and now after paying for Wizetrade they want to force me to purchase 2 data services.
Brandon Gabrick, California	Posted at 4:12pm on Wednesday, February 11th, 2009
I'm sorry but the negatives on this have to make you make you laugh. I have had wizetrade software for 2 years. I have had nothing but the best customer service of any company I have ever dealt with. Lifetime UPDATES(beat that Bill Gates) How about 24 hours a day wisetrade TV with experts showing you how to use the software, oh and if you call them up they will anylize your trades for you. When you launch Wisetrade software on your computer, there is a warning that basically says if you don't know what your doing you should not be trading. And to sum it up, anybody that say they have not had GOOD LUCK with wisetrade will never make money in the stock market until they learn that it is not about luck. Keep up the GREAT work Globaltec. Brandon Gabrick, California
Stephen Thompson, Vermont	Posted at 7:25pm on Wednesday, July 30th, 2008
In 2004 I researched this company and systems extensively and purchased Options Made Easy in early 2005, and Commodity Explorer in 2007. Since then I have purchased their 4X product. My wife and I both have advanced degrees in education and understand the ramp up necessary to master any skill. Trading a combined account of $ 100,000 , trading 40 weeks a year, we return between 2.25 and 2.5 times capital a year and have been able to retire 20 years ahead of plan. It took work, discipline and time but it works. Not for the weak of mind however. Good Luck!
Sunshine, Kitchener, Canada	Posted at 12:17pm on Tuesday, June 24th, 2008
If you learn how to use the software and use it properly you will make money. But it takes a lot of patience and hard work.
Ronald M., Los Angeles, California	Posted at 8:58am on Friday, June 6th, 2008
Any one up to make money??Dont purchase WizeTrade!Instead learn about the stock market and feel good about the money you generated by using your own mind and not some ridiculous "light post".I am not being a hater,...but seriously do not purchase the software.Sorry to break it to all you non believers but trading is not that easy,and it takes a lot more than just a couple of green F'N arrows to make you a successful trader.I do not want to discourage anyone,all I am trying to get across is please be careful and trade the right way not the easy way...
Eye Spy, Friendswood, TX	Posted at 11:40pm on Thursday, May 15th, 2008
Like any tool, you have to learn how to use it. I bought WizeTrade in August 2006 and used it to do paper trades until I was completely comfortable with how to read the charts. I paper traded from August of 2006 until March of 2008... okay, okay... I'm a slow learner, but I really needed to know what I was doing before I committed my capital to the market. Since March 17, 2008, I am up $26,000 from trades using the Wizetrade software. WizeTrade is only a scam if you get it and immediately think you're some kind of stock market guru. You have to take the time to learn it, to develop your trading style and to fine tune who you are as a trader. It is not a scam... it's a tool that depends on your ability to learn in order to be successful with it.
Pinwheel, Texas	Posted at 10:33pm on Wednesday, April 16th, 2008
Don't know what the deal is here...We've been able to make money with high school kids using WizeTrade. Maybe the negatives just don't have enough patience to really understand how easy it is???
TV Dinner, Tasmania	Posted at 11:14pm on Wednesday, April 2nd, 2008
who wants to be a millionaire?? Everybody including the people at Globaltec. What is a good way to make money?? come up with a catchy idea...implement said catchy idea....charge an arm an a leg for the resultant idea ....and get the best marketing team in the world to sell that idea to an unsuspecting world. the idea behind wizetrade is note worthy....but does this idea actually work? if one was to judge by the number of complaints, I would say nada.... Of all the people parading themselves as experts on wizetrade tv, how many of them are actually trained in stocks,options or foreign exchanges ....ask... they wont tell you. How many of them actually use the software....ask they wont tell you that either. it goes without saying that anyone who knows anything about stocks or foreign exchanges knows that it takes more than red or green lights to make decisions on what or what not to buy or sell. Knowing how to use the software is one thing being a successful trader is quite ano... read more »
Black, Panther	Posted at 2:17am on Tuesday, April 1st, 2008
I am an ex-employee of Globaltec Solutions, and without getting into the details of why I am an ex-exployee, I just want to make an observation. I don't know that there is a concerted effort at Globaltec to decieve. But if a good way to rate a product is to gauge how employees feel about it (as in, do they use it?), then Globaltec's line of products is the worst I've ever played a part in promoting.
David Brendle, Tampa	Posted at 4:05pm on Tuesday, March 11th, 2008
I'm not sure why there are so many negatives posted here. I purchased the program 2 years ago and the program had paid for itself within 2 months. I am extremely cautious when it comes to trading and I now wonder how in the world I ever traded without the software. Blindly as I look back. The program is extremely easy to use and friends of mine who purchased the software are having success as well. You have unlimited training with program, some that you pay for and some that is free. My wife and I lost our jobs within a year of each other and without this program we would be looking for jobs instead of working at home as a traders.
John Halston, Florida	Posted at 11:23am on Friday, February 1st, 2008
I purchased this based upon others success stories. Then cautiously attended numerous seminars before reluctantly purchasing Wizetrade. I have'nt had any luck accept succesfuly loosing money, along with the expensive purchase price. I then did not use for about a year(and could not get them to stop billing my credit card for the e-signal) I decided I had alot of money invested in this along with my monthly charges wich keep rolling in, so I would retrain and maybe I was not dedicated enough. The real reason was that I feel horrible about a poor decision, like I was "Dooped" or "scammed". Same results, only now I'm out more money and my wife is pissed. I sold her on this wonderful tool, based upon my research and the wonderful, high pressure sales team. Bottom line...Please don't make the same foolish mistake I did. Wizetrade has very professional believable seminars, It's easy to be fooled. Wizetrade is a crime!
Tony Goloman, edmonton	Posted at 5:00pm on Wednesday, January 16th, 2008
they wanted to get me involved but I refused because I know that is fraud. The guy stated how many million he has made in his life. I wanted to get their information so that I can report them to authorities but they no contact than only .com Do not buy because that is scam.
JB Stuart, Minneapolis	Posted at 10:21am on Thursday, January 10th, 2008
Attended their seminar off the infomercial this past week. The cost for the software is quite ridiculous, and too many unanswered questions on how they obtain their data. The red light green light idea seems to be too good to be true, which also would lead one to skeptical on these guys controlling which stock to inflate or deflate. They may claim their "software" makes these decisions, however software has to be developed by someone. I do hope they get investigated by the SEC. Don't fall for this blatant scam. The other point is, whenever an infomercial does not disclose it's pricing the red flag should go up! The fact is, the seminar is much like the infomercial but they use the seminar to legitimize their scam.
Butch Pattin, St. Paul	Posted at 4:56pm on Wednesday, January 9th, 2008
I went to their so-called seminar today. The salesman will tell you and show you how easy the software is to use, and then tell you that you need to watch 8 DVDs and attend a 2 day training event. For $3,500 this program reaks of fraud! He then proclaims "use your credit card to buy this software", I may be naive, but when anyone tell you to use a CC to invest, it screams of fraud! The software is only a tool, it is not something to trade with. hardly worth their asking price or monthly fees. This is why they don't advertise the price in their infomercials. Too make a long story short when something sounds too good to be true, it is!
Ric Ayala, an Mateo, CA	Posted at 1:22pm on Tuesday, May 29th, 2007
Disappointed with Wizetrade...I went all the way with "wizetrade" and was one of the lucky ones that only lost my cost of purchasing the software AND because i was uncomfortable making the trades, I purchased the coaching program that would refund my money if I didn't make it all back. well, i never got my money and I'm glad I didn't make any trades with them and the brokerage. my total loss was about $10,000 . the coaching was to show me when and how to get in and out of the trade, but none of it made much sense because of the short, mid, long term graphs. some were good to go but what if one of the others were not and you wanted out of the trade. I paper traded several times and lost. only way to make it is on long term which you might as well go to a broker and trade the safe way.
Sunny, Durham, NC	Posted at 2:17pm on Friday, January 19th, 2007
I Tried Wizetrade...I was very happy that I filed for my refund within the allotted time - I explored it and I really think the program is a farce.
Nick Warren, California	Posted at 2:55pm on Monday, September 18th, 2006
You need a lot more than Wizetrade...I've had Wizetrade for about two years now and I have been loosing money with it. I finally came up with my own method that only slightly relies on Wizetrade. I pretty much went to a different source for info and coordinate it with Wizetrade as a back up method.
Simon C. Edwards, Chicago	Posted at 2:13pm on Thursday, July 13th, 2006
Wizetrade Does NOT work...If trading was as easy as red light green light we would all be millionaires by now. Making money in the stock market is tough and you really have to know what you are doing. Do not make the mistake of buying this program you will only end up loosing money in the markets.
David Greenberg, New York	Posted at 4:34pm on Sunday, May 21st, 2006
Yeah, they have a great seminar thats very promising except they wait till the end to tell you that it really costs $3,995.