Sam originally attended a 2-day seminar from another company called “learntotrade”.
All he has done is create a similar company but at a cheaper segment of the market, instead of charging roughly £25000 for 2 days worth of fx seminars, he charges about £1500 and stretches the material that he once taught over 2 days to over a week.
He loves to tell the story of how he turned his uni funds into £200000, but he doesn’t mention it was a combination of other people’s funds, not just his original uni funds!
Those flashy cars he owns? Leased.
The entire company is setup to churn out as many “traders” as possible because that’s how they make their main income.
Check out their reed job postings, they’re made to look like genuine trading jobs IF you have the required exp/skills, of course no genuine trader would trade for some unknown company compared to the large private banks or hedge fund companies and Sam knows this.
They also hire headhunting companies to help find potential “recruits”.
So, only people who don’t have the qualifications or job experience will apply for these non-existent jobs. No problem, S&C will train you…for a fee, and then MAYBE you’ll get “investment” - this is how they bait people in with the hope/expectation of a job and then can hide behind their job posting which doesn’t guarantee anything and only advises they’ll provide training if it’s required.
The interviews are not even really interviews, it’s just to get you hooked and to make the whole experience seem legitimate.
Most of the postings on glassdoor are from people who have just begun their week of training, they know no better!
He also falsely states he is a verified trader on myfxbook, yet he has put this under his “Trading Style” - several people have asked why they should trust him/his algo and he states he is verified by myfxbook - this is false as you can type anything under “Trading Style” and a brilliant example of how Sam can be “creative” with facts.
The guy has a major issue with criticism and requires constant reaffirmation from his friends.
You can learn everything he teaches on babypips for free, and as others have stated - his indicators are not made by him.
I had all this info confirmed by someone who used to be part of his company at the early stages.