Base Camp Trading Review – Scam or Legit? Exposed!

Are you looking for a Base Camp Trading review? But you may wonder if it is a scam.

The review will teach us a valuable lesson: Do not believe everything you read, even if it looks good on paper.

To determine if Base Camp Trading is really the best trading education out there, we will analyze it thoroughly.

Base Camp Trading, like any other financial newsletter, stock and commodity trading service or investment program, was probably found through a search engine.

Perhaps you already have some capital, but want to increase its value quickly (as opposed to waiting months or even years to see a decent ROI ).

This is a huge opportunity and probably why the financial publishing and training industry is worth so much money.

The problem is that there are many unscrupulous people who are in this business because the prospect of quickly increasing one’s wealth by a multiple of two, three or ten is so tempting.

But let us assume that every so-called “trading expert” and “investment guru” on the Internet really means well.

Most of these experts would be lucky to be right 20% of the time, even if they had access to proprietary algorithms, a room full of supercomputers, and a staff of rocket scientists.

Of course, since these are asymmetric bets, the winners should more than offset the losers.

If you want to do this, however, you must not miss out on a trading opportunity under any circumstances. An (optimistic) 20% win rate means that missing a single big bet can turn an otherwise successful month into a loss.

That’s a whole lot of pressure and stress (not to mention a whole lot of losses) without a whole lot of guarantee.

As a disclaimer, I’m not affiliated with Base Camp Trading. It means I’m not paid to write this review. So you can be sure that my words are unbiased.

At the end of this review, I’ll also tell you a better alternative that has enabled me to make a full-time passive income online.

In this Base Camp Trading review, I’m going to cover the following.

Basecamp Trading Review: The Drew Day Scam

In my search for information about Basecamp Trading, I did not come across many reviews. That’s good news for the vast majority of people who found their way to this Base Camp Trading review.

First of all, you should know that this is a trading company run by dishonest and extremely effective Twitter marketers. 

Moreover, you will find a wide range of goods that are suitable for bartering. In other words, you’ll need some cash.

Attending all the workshops, mentorships, trading indicators, etc. will cost you at least $6,000.

Please consider this carefully.

There are a lot of meaningless trading indicators, seminars and one-on-one coaching sessions at Base Camp Trading.

ValueCharts.com was founded and is currently run by three men: Mark Helweg, Dave Aquino and Thomas Wood. Recently, Value Charts was renamed Basecamp Trading.

Founder Drew Day. There is not much information available to determine if this is an alias or not. I am aware that most beginners looking for instant wealth should not invest much in this trading company to acquire a unicorn.

Under no circumstances would I take investment advice from Drew Day or any of the other men with whom he supposedly runs this company.

Is the data offered by BaseCampTrading actually reliable for investing?

Not at all, to be precise.

At BasecampTrading.com, you can access 32 workshops and 20 different indicators. You can spend between $140 and $2,000 on these trading indicators.

Base Camp Trading throws a rock in your path by touting its trading courses just when you think you have bought everything related to trading from Drew Day and do not want to buy any more trading products.

You should expect to pay anywhere from $7 for the cheapest trading lesson to $2,000 for the most expensive trading product.

If you want to become a successful trader, you need to be able to draw a variety of signs and follow most of these trading courses.

Recommendation: Here’s The Best Alternative

The Base Camp Trading Site

When I looked at the landing page (basecamptrading.co), I noticed that the trading trainer offers access to a trading room.

They state that the regular monthly cost is $147, but you can get in for as little as $97. After some thought, I realized that Drew Day and his team charge $97 per month after the first thirty days (which cost $7).

Traders in this space get access to the following resources:

  1. Futures, Options, Stocks, and Forex mentorship
  2. Four primary trading style courses (videos, audio, and articles showing trade setups)
  3. Daily trade analysis and commentary
  4. 10 minutes or less Base Camp Trading Weekly Outlook
  5. Private member-only chat
  6. New member orientation (live)

To make the program seem credible, Drew Day and his colleagues have published numerous testimonials from people who claim to have profited financially after applying the tactics taught in the live trading room.

Recommendation: Here’s The Best Alternative

Base Camp Trading’s 30-Day Trading Challenge

With the help of Base Camp Trading’s 30-Day Trading Challenge, you can learn multiple trading methods in just one month.

These unrealistic and false assurances do not inspire confidence. This claim is backed up by screenshots that purport to show how much students earn. These figures have not been verified or audited by any external party.

Who are Dave Aquino, Mark Helwig, Brian Strong and Thomas Wood?

These self-proclaimed “trade gurus” have adopted lofty titles to demonstrate their authority in the field.

I have seen some interesting titles such as:

  • Investment Software Developer
  • Hedge Fund Manager
  • Director of Trading Operations
  • Advisor to many traders worldwide
  • Partner of Supero Capital
  • Quantitative Engineer
  • Patent Holder

In reality, however, this is only the gist of the matter. Only a small portion of these men have proven that they have a live broker bank account and actually profit from trading.

For what purpose?

You should be aware that trading indicators that promise the moon but never deliver, just like indicators with flashy names, can be quite misleading.

As the person doing the research and writing this report, I am going to focus on what really matters.

At the top of my list is evidence of successful live trading, trading rooms, and the quality of things offered there.

Recommendation: Here’s The Best Alternative

What I Like About Base Camp Trading

  • Excellent marketing (you will think they are real)
  • There are courses in this category that are even worse.
  • The course instructor seems knowledgeable.

What I Don’t Like About Base Camp Trading

  • There is no evidence of a trade history.
  • There is no record of live trading.
  • Presenters have no track record of trading.

Is Base Camp Trading a Scam?

In the trading room, students receive no information about their performance. No student has ever provided proof that he is indeed a professional trader, even if he claims otherwise.

After entering this trading room, my first task was to look for relevant data or trading recommendations. There was a lot of back and forth, so I scoured the screenshots for relevant evidence.

The fact that the trade moderators were talking instead of trading really bothered me.

In a trading room run by an investment software developer, a director of trading operations, a hedge fund manager, etc., such idle chatter would be unacceptable.

Thomas Wood, a trader at Base Camp Trading, definitely used a paper account. A reputable Trading Station account will display your current summary, account balance and account number in the right hand column.

This dubious advertising tactic is dishonest.

Teaching must be a high priority at Base Camp Trading, with classrooms and trading rooms where beginners and professionals alike can learn from each other.

However, the company does not exhibit all the characteristics of a reputable business.

The owners claim, without providing evidence, that they are experts in their field; the company’s goods are of inferior quality, and the trading rooms are rarely busy.

My investigation of Base Camp Trading shows how these scammers take advantage of inexperienced traders. With any luck, you can use the information in this report to make a more informed decision regarding this company.

What is the Wanna-Be Masterminds Of Base Camp Trading?

The adage “do not judge a book by its cover” could not be more applicable to Base Camp Trading. The criminals behind this operation benefit from the fact that on paper they form a formidable group.

Drew Day, Thomas Wood, John Osborn, Dave Aquino and Brian Strong are the brains behind Base Camp Trading. Drew Day founded and runs the company. He says he has been giving speeches and managing hedge funds for 16 years. He also claims to have managed over $6.5 billion in assets. To put it simply, he is a Commodity Trading Advisor (CTA), and the rest of the team is just as impressive on paper as he is.

Base Camp Trading is able to convince its clients that they are getting what they pay for thanks to its attractive staff. People who are easily fooled by fake prestige are the most frequent victims of this scam. Base Camp Trading completely fails in its stated goals of “delivering results and performance”

Recommendation: Here’s The Best Alternative

How Does Base Camp Trading Scam People?

Both inexperienced and experienced traders fall for this company’s scams, which include selling worthless goods and dubious memberships. Their entire business is focused on deceiving customers. 

The lack of real specialists in the trading room, useless instructions and contradictory data all contribute to a negative trading experience.

In the following points I have outlined everything I find problematic about Base Camp Trading in Data:

Useless Products

The waste is repackaged and sold to Base Camp Trading customers. If you visit their landing pages, you will be flooded with useless goods.

How can they offer training, futures trading, trading rooms, VIP customer support and so much more for less than $7?

Considering the low price of $7, you have to question the reliability of the goods they offer.

They insist that this software is essential for every trader, so they give it away for free to their subscribers.

Frankly, I just do not believe that.

If they were serious about making a profit, they would not offer a $900 course for free when they already sell so many others.

It just does not make sense.

The Deceiving Trading Room

This is the area where the trading takes place. From 9 a.m. to midnight (EST) traders can meet in the Basecamptrading.com trading room. With a $7 monthly subscription, you can try out this room and see if it suits your needs.

The catch is that it is only valid for one month and costs $147. Trading options, futures and commodities is the company’s specialty, so the rooms are open for two days.

The daily trading rooms for futures and options are moderated by Thomas Wood and Dave Aquino, respectively.

All of these trading rooms advertise themselves as a place where traders can meet others with similar interests and learn from their collective wisdom and experience. Unfortunately, however, there is a lack of a true sense of community here. 

Base Camp Trading offers a live orientation for new members, a members-only chat room, a review and analysis of the day’s trades, a weekly outlook, and more.

Can You Make Money With Base Camp Trading?

I don’t think so. The services advertised are not provided.

Trading can be lucrative, but if you put in the time and effort necessary to become a trader (which is not easy), you can make some real money.

This curriculum teaches some of the same trading skills that helped me grow my online business to $40,000+ per month, but it shows how to monetize them in a much more lucrative way.

Recommendation: Here’s The Best Alternative

The Best Alternative to Base Camp Trading to Make Passive Income

Although investing is one of the most popular ways to grow your wealth and give you some passive income, the stock is unpredictable.

Even if you have the tips or insights from the so-called experts, it doesn’t guarantee you will win in the stock market. Only God knows when the stock price will rise or plunge. You may be able to make some money in a few attempts, but lose it all in the other attempts.

So if you really want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online instead.

Affiliate Marketing is perfect for anyone who is new to online business.

In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.

In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.

And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.

Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.

But How Much Can You Earn with Wealthy Affiliate?

A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.

Base Camp Trading Review

Wealthy Affiliate has existed for 15  years and there are many success stories in the past decade.

To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.

Where to Join Wealthy Affiliate?

Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.

If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.

And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.

You can enjoy all these values without paying a penny.

So I strongly recommend you to register a free account and see it yourself.

Recommendation: Here’s The Best Alternative

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