Is Warrior Trading Legit? What the FTC Case and the Terms Say
Editorial research. This is editorial research, not personalized financial, tax, or investment advice.
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Warrior Trading is a real, operating day-trading education company. In 2022 it and its CEO agreed to pay $3 million to settle FTC charges that its earnings claims were false or unsubstantiated. The FTC alleged that most customer accounts it reviewed lost money. Outside one 7-day guarantee on specific bundles, its terms say payments are non-refundable.
Verdict
Not a good fit for most buyers. We would not pay for it.
The company still operates and publishes a risk warning on its own site. But the case record goes to the heart of what it sells. The FTC alleged that the company's own simulator data showed 74% of accounts losing money and that broker records showed most customers made no money or lost money. [2][1]
Warrior Trading settled without admitting or denying the allegations, so they are not court findings. Separately, the company's own terms say it does not track the typical results of its students, and its site banner says most day traders lose money. [3][6]
Why it failed our selection gates
- Gate 2, track record: a federal court order, entered with the company's consent in 2022, bars it from unsubstantiated earnings claims and required a $3 million payment for consumer refunds. [3][4][1]
- Gate 3, buyer value: the only outcome data in the public record (the FTC's analysis of simulator and broker data) points to most customers not making money. [2]
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
Marketing quoted in the complaint: “Learn How I Made over $101,280.47 in Verified Profits Day Trading Part Time in Under 45 Days.”
What the sources say
The FTC alleged that claims like this were false or unsubstantiated, and that the company did not track customers' typical results. [2][1]
Claim
Customers could start trading with small amounts; the complaint quotes the CEO saying you can start “with as little as $500.”
What the sources say
The complaint notes that FINRA's pattern day trader rule requires minimum equity of $25,000 in a trading account for frequent day trading, and quotes FINRA's warning that day traders should be prepared to lose all the funds they use. [2]
Claim
The strategy works for students who follow it.
What the sources say
According to the complaint, simulator data from November 2020 through March 2021 showed 74% of accounts lost money and only 10% earned more than $90. [2]
Regulator and court records
April 19, 2022: the FTC sued Warrior Trading, Inc., a related company and CEO Ross Cameron in the U.S. District Court for the District of Massachusetts (Case No. 3:22-cv-30048), alleging deceptive earnings claims and Telemarketing Sales Rule violations. [2][1]
The parties agreed to a stipulated order. It entered a $3,000,000 judgment, bars unsubstantiated earnings claims and misrepresenting a buyer's likelihood of trading success, and states that the defendants neither admit nor deny the complaint's allegations. The court docket shows a consent judgment entered on May 25, 2022 (ECF 6) and the case closed on May 26, 2022. [3][4]
The FTC runs a refund program for this case on its own site. [5]
Refund terms
Warrior Trading's terms say payments for products, accounts and renewals are non-refundable, and that it is not required to refund for any reason, including failing to cancel before an automatic renewal. [6]
The exception is a 7-day money-back guarantee on bundle offers that name it: you must ask on or before the 7th day after purchase, and only one guaranteed membership is allowed per person. [7]
Memberships renew automatically. The terms say renewal is charged within ten business days before the current term ends, unless you cancel first. [6]
Track record check
The complaint says that from January 2018 through March 2021 the company spent more than $12.8 million on advertising, and the FTC said it made tens of millions of dollars selling its programs from 2018 to 2021. [2][1]
As of October 8, 2026 the company's site is live and states that trading is risky, most day traders lose money, and the CEO's results are not typical. [6]
Who Warrior Trading is NOT for
- Anyone who cannot keep $25,000 in their trading account. FINRA's pattern day trader rule, cited in the FTC complaint, limits frequent day trading below that.
- Anyone using retirement savings, emergency funds, student loans or a second mortgage. FINRA's warning, quoted in the complaint, says not to.
- Anyone who needs a refund window longer than 7 days, or any refund at all on a non-bundle purchase.
What to read instead
- How to Verify a Trading Track Record Before You Pay for It
If a trading educator's results are what is selling you, check them this way before paying anyone.
- Robo-Advisor vs Index Fund: Which Actually Costs You Less?
If the goal is growing money rather than day trading as a hobby, this compares the low-cost options.
Sources
- FTC press release, Apr. 19, 2022: FTC cracks down on Warrior Trading (regulator, accessed 2026-10-08)
- FTC v. Warrior Trading, Inc., complaint, D. Mass. No. 3:22-cv-30048 (court, accessed 2026-10-08)
- FTC v. Warrior Trading, Inc., stipulated order for permanent injunction and monetary judgment (as filed) (court, accessed 2026-10-08)
- Court docket, FTC v. Warrior Trading, Inc., D. Mass. No. 3:22-cv-30048 (CourtListener RECAP): consent judgment ECF 6, May 25, 2022; case closed May 26, 2022 (court, accessed 2026-10-08)
- FTC refund program: Warrior Trading refunds (regulator, accessed 2026-10-08)
- Warrior Trading: Disclaimer, Terms & Conditions (vendor's own terms) (vendor's own terms, accessed 2026-10-08)
- Warrior Trading: bundles money-back guarantee (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.