Is RagingBull Legit? What the FTC Alleged and What Changed
Editorial research. This is editorial research, not personalized financial, tax, or investment advice.
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RagingBull.com sells stock and options trading alerts and courses and is still operating. The FTC sued it in 2020 over earnings claims and hard-to-cancel subscriptions. Its operators settled in 2022 for $2.425 million, and in 2023 the FTC filed a proposed order barring a trader the site featured from false earnings claims. Its own refund policy says most purchases are not refundable.
Verdict
Isn't worth your money for most buyers.
The FTC's case went to both halves of the product: the claims used to sell it and the subscriptions that kept charging. The settlement now requires easy cancellation and bars earnings claims the company cannot show are typical. That changes how it is sold, not whether the alerts make subscribers money. In 2022 the FTC said the company did not track whether they did. [2][1]
A settlement is not a court finding that the allegations were true. Our concern is what the company's own refund policy says today: most purchases are not refundable, and a dissatisfied buyer's main option is store credit toward another RagingBull service. [5]
Why it failed our selection gates
- Gate 2, track record: settled FTC charges of deceptive earnings claims and hard-to-cancel subscriptions (2022), plus a 2023 proposed order, filed by the FTC, barring a trader it featured from false earnings claims. [2][3][4]
- Gate 2, refund policy: the stated policy is store credit, not money back, for most products. [5]
How the gates work: how we review.
Risk & Suitability Disclosure
Trading, investing, and automated financial tools carry a real risk of loss — you can lose some or all of the money you put in. Past performance, backtested results, or any results referenced in this review do not guarantee future outcomes, and nothing here is personalized financial or investment advice. Evaluate your own risk tolerance, and consider speaking with a licensed financial advisor, before committing money to any product reviewed on this page.
Claims checked against sources
Claim
Ads quoted by the FTC: “Learn how you could DOUBLE or TRIPLE your account in One Week!”
What the sources say
The FTC alleged that claims like this were not typical of subscribers' results, that many subscribers lost significant money, and that the company did not track customers' trading results. [1][2]
Claim
Testimonials such as “$6500.00 in 20 minutes” and “$500 in 15 min[utes].”
What the sources say
Cited by the FTC as part of the deceptive earnings claims in its complaint. [2]
Claim
A trader featured on the site claimed followers could make 100 percent trading profits in “just one to three days.”
What the sources say
The FTC said that trader's stock tips cost consumers more than $40 million. In 2023 the FTC filed a proposed order that would permanently bar him from false earnings claims. [3][4]
Regulator and court records
December 2020: the FTC sued RagingBull.com, LLC, its owners and related companies in the U.S. District Court for the District of Maryland, and the court granted a temporary restraining order. The FTC's announcement said “consumers—many of them retirees, older adults, and immigrants—have lost at least $137 million to the scam in just the last three years.” That is the FTC's allegation, not a court finding. [1][4]
March 2022: RagingBull.com, LLC, two related companies and two owners agreed to a stipulated order requiring a $2.425 million payment, a ban on earnings claims without written evidence that they are typical, express consent before recurring charges, and a simple way to cancel. [2]
September 8, 2023: the FTC filed a proposed stipulated order that would permanently bar a trader it described as a RagingBull.com “guru” from making false earnings claims. The FTC said the Supreme Court's AMG decision prevented it from getting money back from him for consumers. [3][4]
Refund terms
RagingBull's refund policy (last updated July 6, 2021) says that, unless a product's own terms say otherwise, products, services and single-issue purchases are not refundable unless you cannot access them. [5]
Within 30 days of purchase you can call to transfer your credit to another RagingBull service. There is no refund for a partial subscription term. [5]
Subscriptions renew automatically at the then-current non-promotional rate unless you cancel at least 48 hours before the next term. The policy says a reminder email is sent at least five business days before renewal. [5]
Track record check
The FTC said Raging Bull's services cost hundreds or thousands of dollars and were set up as subscriptions charged quarterly or annually, and alleged that subscribers faced long hold times and disconnections when trying to cancel. [2]
As of October 8, 2026 the RagingBull site is live and sells alert and trading-education services. [5]
Who RagingBull is NOT for
- Anyone who wants their money back if a service disappoints. The stated remedy is store credit.
- Anyone who will not track renewal dates. Plans renew at the non-promotional rate unless cancelled 48 hours ahead.
- Anyone hoping alerts will replace learning to invest. In 2022 the FTC said the company did not track whether subscribers made money.
What to read instead
- What a Stock Newsletter Can and Cannot Promise You
What a stock-alert or newsletter service can legitimately promise, so you can spot the claims that cannot be true.
- How to Compare Stock Research Subscriptions Before You Subscribe
If you still want paid research, how to compare subscriptions on cost, cancellation and evidence.
Sources
- FTC press release, Dec. 14, 2020: FTC and partners crack down on deceptive income schemes (RagingBull.com section) (regulator, accessed 2026-10-08)
- FTC press release, Mar. 8, 2022: online investment site to pay more than $2.4 million (regulator, accessed 2026-10-08)
- FTC press release, Sept. 8, 2023: proposed permanent injunction against a RagingBull.com trader (regulator, accessed 2026-10-08)
- FTC case page: RagingBull.com (D. Md.), with complaint and orders (court, accessed 2026-10-08)
- RagingBull: Refund & Cancellation Policy (vendor's own terms) (vendor's own terms, accessed 2026-10-08)
Allegations in a complaint are claims a regulator made in court, not findings. A settlement is not a finding that the allegations are true. We report what each source says and link to it so you can check.