True Trading Group Review – Scam Or Legit?

Today, we are going to talk about True Trading Group. Is it legit? Find out more in this review.

When it comes to learning about trading, there are a lot of places that you could go to. With so much information available out there on the internet, it’s really easy to piece together enough information to get by. There are a handful of reputable websites that give you a clear idea of what you might be getting into. And most of those websites are free to access.

But I understand that a lot of us want to learn directly from those that have experience doing so. Sometimes, it’s good to hear about stock trading or options trading from somebody who does it on a regular basis. Their knowledge in that area is the jumping off point that you need in order to actually try your hand at it. And, luckily, most of them have their own training program.

Though not all options trading-related training programs are created equal. Some charge an exorbitant amount of money for something that you could’ve easily cobble together for free. So where does True Trading Group fit in? Well, we’re about to finds.

DISCLAIMER: I am in no way affiliated with Michael Edward Perinotti and True Trading Group in any way. This is just an independent review. You are still free to do whatever you want. But I hope that this review shapes your opinion on whether or not you should try this training program out.

But before we get to the meat of the review…

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True Trading Group Review: Quick Details

Who Is Michael Edward Perinotti?

True Trading Group owner and founder Michael Edward Perinotti

Michael Edward Perinotti is the owner and founder of True Trading Group.

Unfortunately, there is very little information about Michael that you could find out there online. Despite him having done business in the world of trading for almost two decades now, it doesn’t really seem that Michael has appeared in any type of podcast or website from his peers in the industry. Usually, there should’ve been at least one interview that he could have done in the past decade or so. But that doesn’t seem to be the case.

Based on his LinkedIn profile, Michael has a bachelor’s degree in finance from the College of New Jersey. He was involved with a local student group in his university. Aside from that, Michael was also an outfielder for the collegiate baseball team for the 2006–2007.

Shortly after graduating, Michael went on to work as an equity trader and portfolio manager. During his second year at that particular brokerage firm, he was awarded Trader of the Year. The year after that, Michael decided to quit from the company to start his own, focusing on financial management for public and private companies.

It wasn’t really until 2017 that Michael Edward Perinotti decided to try his hand at offering his expertise in the form of a training program. And that’s how True Trading Group was formed. But let’s backtrack a bit a few years. In 2011, Michael Edward Perinotti and Adam Heimann co-founded a company called EGM. It was sort of an online publication where they would publish about different stocks and trades on a regular basis. Four years later, they started another company called MIDAM Ventures.

Michael and Adam came into hot water in 2021 when it was found out that the two of them were doing pump-and-dump schemes in order to inflate the popularity of several penny stock companies that paid them to do promotions on the websites that Michael and Adam owned and operated. Apparently, the two created different accounts under different names and used those to trade for those specific penny stocks. It made it look like the stocks they were trading were a hot commodity. And because they were being paid to promote those penny stocks on their websites, they didn’t really disclose that they were being paid to promote those stocks.

Because the stock was being inflated, that attracted a lot of people to trade on those specific stocks. Unfortunately, the people who traded on those stocks lost their money.

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What Is True Trading Group?

The logo for True Trading Group

True Trading Group is company that offers an online platform where you can learn everything that you may need to know when it comes to options trading.

If you’re somebody who doesn’t really have any kind of knowledge regarding that kind of terminology, options are basically a contract wherein the value of it is highly depended on the asset that you are going to trade. You can choose whether or not you want to buy or sell an amount of that asset during a specific period of time.

The only way that you could access the True Trading Group’s learning platform is by subscribing to their membership program. At the time of writing, True Trading Group offers a week-long trial for only $3. In order to be able to purchase a subscription for that price, you have to input your contact information like your phone number and email address. Somehow, they don’t really have just the payment page for it upfront. At least you don’t get charge anything else after that 7-day period.

What Do You Get Out Of The Membership?

But in order to be able to continue using their platform, you will need to subscribe to their annual membership plan. With the annual membership, you will get access to the main curriculum. The curriculum has more than 20 courses focusing on the basics of trading in the stock market, as well as options trading, swing trading and even cryptocurrency trading. For each course in the curriculum, there will be exams accompanying it.

Aside from learning platform, you will get access to an online chat room where Michael and his team will push out updates regarding trades happening, as well as real-time analysis. It’s not unusual for any kind of trading-related service to offer a space where people can talk about their trades. Sometimes, it’s great to have the opportunity to talk to people who do what you do. You are able to get insights on how they do trades and all that.

The True Trading Group also offers two study group sessions for a select number of users. It seems that this is meant for a more intimate mentorship between Michael and a handful of members. It is interesting to note that they only do these group sessions twice a year. So it’s not really much of a regular occurrence. Which is weird to think about, honestly.

You will also get access to the True Trading Group’s library of videos featuring workshops, webinars and study groups. It’s great that they keep past livestreams available to view even if the content included in those livestreams may not be usable to the current moment. Any and all video made during the time you’re a member will be available to view at your convenience.

True Trading Group also offers access to an exclusive blog and forum where you can get even more insight from some of the moderators and members. They are really hammering the fact that this entire membership gives you access to so much content about trading.

The website for True Trading Group

How Much Does It Cost?

The cost of a subscription to True Trading Group’s membership program is worth $1,212. It does bear mentioning that True Trading Group offers a money-back guarantee. Though, you will have to finish the courses, pass the exams for those courses, and join at least one study group session within the year of your subscription in order to be eligible. It’s insane to think about how specific the criteria is for the money-back guarantee. Though, they will give you a full refund and an additional $597 for it.

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Final Verdict – True Trading Group Review

Considering that Michael Edward Perinotti was involved with a pump-and-dump scheme, subscribing to True Trading Group’s membership program doesn’t seem worth it at all. You are effectively spending a thousand dollars onto something that doesn’t guarantee a return on investment. It’s still possible to earn your money back from trading. But subscribing to this specific program isn’t really a good idea.

Trading takes a lot of time, money and effort to become something you can rely on. It’s not guaranteed that every trade that you make leads to a return in what you put out. The market changes every single day. You have to be able to adapt to those changes and not just rely too much on what you’re used to.

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