G7FX Review – Neerav Vadera Scam?

G7FX is a trading course from Nirav Vadera where he promises to give you a professional trading education.

Is this legit or one big scam?

We'll get to the bottom of this question in this review.

Additionally, we'll look at any red flags I find and you'll get an overview of what's being offered.

You'll know if G7FX is worth it by the time you're done.

Let's get started!

No One Is Making Money Day Trading

The second I took a peep at Neerav's Youtube page I knew that I wouldn't be recommending him.

There's two reasons why:

1. He does day trading
2. He does technical analysis

Day trading is a completely fraudulent way to trade and it's as fake as astrology or horoscopes (people actually try to use astrology to make money with the markets too).

If you're new to trading this might seem impossible to be true because there's so many day trading gurus on Youtube.

And so many people flaunting their wealth that they claim comes from day trading.

But I'm going to show you some stats and opinions of experts that hopefully helps you see the light on day trading:

Less Than 1% Succeeds With Day Trading

Day trading is growing in popularity and there's a new day trading guru that pops up every single day.

But the problem is there's no one really making money with day trading.

This isn't just an opinoin I hold either.

This has been proven over and over.

For example, one day trading study followed 300,000 day traders over a 14 year period and found LESS than 1% made money.

Several other large day trading studies show the same results.

There's many reasons for this but it boils down to it being impossible to guess where an assets price is going to be in a few hours.

You might get lucky from time to time but you'll never be able to make money this way over time.

Technical Analysis Won't Save You

In denial day traders will say the success rate is so low for day trading because people are learning the proper techniques.

Mainly they don't do technical analysis properly.

Here's an example of what technical analysis is:

Like I said earlier - day trading is on the same level as horoscopes and astrology.

Believing this chart can tell you when to buy and sell is the same as believing the way the stars are assembled will determine the day you have.

And again this isn't just an opinion I hold.

No legitimate investor takes this stuff seriously.

You won't find people on Wall Street or any investment bank using technical analysis.

People like Warren Buffet despise technical analysis:

In fact, there's only one way to make consistent money with day trading..

And that's doing what Neerav is doing..

Selling Shovels During A Gold Rush

Day trading really seemed to grow in popularity during covid when everyone was locked down and stuck at home.

So there was a lot of demand for day trading education and tools.

Many gurus started popping up around this time with Youtube channels and courses/signals to sell.

This is the only way to make money day trading.

And that's how Neerav has built his wealth.

So when you see videos like the one below of Neerav giving a tour of a $2 million house, just realize that came from his students who likely have zero success:

I promise you none of his students are makin enough money to live in houses like this.

In fact no day trader is.

This is why only Youtubers live like this! They're the ones selling the courses.

Massive Day Trading Fees

Let's hypothetically say that if you learn the right risk management strategies and technical analysis patterns you can get a slight edge in the market.

Meaning you can develop a system where you can win more trades than you lose.

Guess what?

You're still probably going to lose money in this case.

The reason why is day trading has outrageously high fees involved.

Each day trade comes with a fee that can cost up to $100.

Then you have to pay for various tools, chat rooms, signals and education.

That's going to cost you thousands of dollars per year.

Finally you'll have to pay 28% taxes on all short terms trades.

This is why long term investing is the way to go.

There's less fees, the taxes are lower, it takes less time and when done right you're pretty much guaranteed to make 10% every year over the long haul.

To get started with long term investing, click below:

Recommended: The Best Place To Get Stock Picks

Neerav's Vadera's Red Flags

When you're selling day trading courses and trying to come off as a legit guru it can be hard to keep your story straight.

People are going to dig into your background and they're going to find discrepancies in your story.

This has happened with Neerav.

Many online sleuths have compiled a lot of evidence that Neerav at the very least is misleading about his own success and capabilities.

For example, here's a good thread detailing many of the red flags about Neerav.

I'm not going to cover all the accusations but only the ones I find most interesting.

Neerav Pretending Demo Accounts Are Real

Apparently in the past Neerav has tried to pass off demo accounts as real to try and get subscribers.

Here's the proof:

You can create as many demo accounts as you want and just trade until your profitable on one of them.

Trading with real money is completely different.

Because if you're trading real money you can't just make a bunch of accounts.

This pretty much proves Neerav is willing to lie to get customers.

Misleading About His Past Work Experience

Another red flag about Neerav is it seems he's misleading about his resume.

He claims to have worked 16 years institutional trading where he worked for hedge funds, central banks, private clients and at the massive bank Barclays.

Basically the only thing that can be proven is that he worked 3 years at Barclays.

However, it doesn't seem like he had a job doing actual investing.

The job description of his actual jobs specifically says "does not include managing investments."

This actually makes sense because no person who was an investor at Barclays would be pushing day trading and technical analysis.

If you want to read more about the discrepancies in Neerav's past click here.

Lots Of Stolen Content Accusations

So you might be wondering how Neerav can make so much content if he's not legitimate.

Well a lot of people are claiming the he steals his content from other people.

This includes things like tools and DOM ladders.

All of this is discussed in the links I've posted above.

At the end of the day Neerav is pushing day trading which enough to not trust him.

It makes perfect sense to me that there's red flags like this in his background.

Completely expected.

Here's What You Get

This is a pretty typical day trading offer.

Here's an overview of what you get.

Foundation Course

The Foundation course is "the training you would receive on Day One of working in a world-class trading firm."

According to Neerav you'll be learning how to "read institutional order flow as we strip back the charts and look at the raw data that drives markets."

This course is broken down into 5 modules which includes:

• How to start a career with prop trading
• Interpreting the data
• Training on price movement.
• Various trading strategies
• Introduction to futures

Pro Course 

According to G7FX the pro course is what you would learn if you've been trading professionally for 3 to 6 months.

It introduces more advanced volume analysis.

This is broken up into 3 stages and it covers advanced trading strategies.

G7FX FAQ's

Still have questions about this service?

Here's answers to any remaining questions you might have:

1) How Much Does This Course Cost?

The course is $998 Euro.

G7FX is a pretty long course and you get over 50 hours of training.

So this price makes sense compared to other courses and how long they are/priced.

This doesn't mean I think day trading or G7Fx is legit. 

I'm just comparing it to competitors.

2) Is There A Refund Policy?

Yes, but it's not a really good one.

You get 30 days to get your money back but you can't have gone past the 1st module.

If you do you become ineligible for the refund.

I don't know about you but I have to take a little bit of a course to determine if it's actually right for me or not.

3) What Is The Trading Strategy?

The strategy here will be day trading stocks, currencies and commodities.

This is a horrible strategy for anyone to use and will only lose you money in the long term.

Day trading has proven to be the worst way to invest money.

You will literally have the same results if you throw a dart at a board blind folded and trad based on that.

You will never able to able to consistently predict where a stock's price is going to be in a short period of time.

No amount of technical analysis or advanced volume analysis is going to change that.

4) How Much Do I Need To Get Started?

There's a rule in investing that you should never spend more than 1% of your account on training or research.

Since the course is around $1000 that means you'll need an account of around $100,000 for this course to make sense.

However, since it's not a recurring fee you can have less.

But I would have AT LEAST $25,000 if you wanted to take this course.

This way your gains won't be eaten up by the price of this course.

5) Will This Course Make Me A Pro Trader?

No I don't think so.

Neerav makes the claim you will be able to prop trade after taking this course but the odds of this happening are so small.

I discussed earlier the success rate for day traders is under 1%.

It's not that Neerav's training is especially bad or anything like that.. it's just basically impossible to succeed with day trading.

6) Is Neerav Legit?

The evidence of misleading statements people have compiled about Neerav doesn't look good.

He seems a like person that steals other people's work and isn't nearly as qualified as he lets on.

Additionally, it looks like Neerav is willing to mislead his audience to make sales.

Again, you'll never convince me a day trader is legit.

It's like getting me to admit a palm reader is legit.

Recommended: The Best Place To Get Stock Picks

G7FX Conclusion

So that's the end of my review of G7FX.

In the end G7Fx is just like any other day trading course that I've reviewed.

For example, A1 Trading is a program I reviewed last week and there's so many similarities.

In the end both brands are pushing day trading and that's just a no go for me.

Honestly we're at a point where more people are selling day trading courses than people are having success with day trading.

I'll never recommend a program like G7FX.

No one serious person day trades or does technical analysis.

Only Youtubers looking to make money selling their services push this stuff.

Here's A Better Opportunity

I'd pass on G7FX and all things day trading.

You'll just lose money if you try trading like that.

If you want to make money with investing you need to focus on long term investing, not fast profits.

There's many places that will give you long term stock picks.

To see my favorite (which is very affordable), click below: