Optionetics Review: Why do some call it an Optionetics Scam?

Optionetics is a, seminar and software, options training program created by George Fontanills. Optionetics offers free nationwide seminars which they use to promote their paid courses and trading software.

The free Optionetics events are headed by high pressure sales reps that concentrate on one cause. They present handfuls of useful trading methods but spend the majority of the time pitching additional Optionetics scam products. They also have a tendency to lecture at a quick and overwhelming pace in order to make people feel like they need the extra services offered by Optionetics.

The Optionetics paid seminar will run you close to 3k for 2 days of training and supplements on options trading. I’ve spoken to many folks that attended these seminars and have received varied feedback on the training. Everyone agrees that the usefulness of the course is closely associated with your initial level of options knowledge. However, Optionetics staff claims that your preliminary trading skills are irrelevant since they can train anyone that’s willing to learn.

Overall folks who were not well versed in options strategies and terminology reported that the 2 day course was complex and at times confusing. The training from Optionetics does have its merits and contains legitimate information; however they have a worrisome tendency to diminish the risks involved in options trading.

There have also been some complaints related to the Optionetics Scam refund policy. They advertise that after 36 trades, in a predetermined time frame, investors are eligible for their money back. Some people assume that they simply need to make 36 buys, but Optionetics defines a trade as the buying and selling of an option bringing the necessary amount to 72 trades.

The Optionetics scam has existed since the early nineties and they have worked hard to protect their reputation. Optionetics and George Fontanills do present training that can be of value to certain people; however Optionetics regularly recruits customers from the general public by flaunting options trading as a way to make money and build wealth. Ultimately, they build a false sense of security in inexperienced traders and send them out into a risky market without top investment tools.