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8/19/2007 - Jim writes:
Wizetrade is a ripoff. I got ripped off. They are playing poker when they sue over their good name. My gut told me this was a scam. One look at the faces on the infomercial also spell "rip-off". If you need someone to testify about the cost/value relationship of WizeTrade, and that it is not reliable, I'm willing.

8/18/2007 - Michelle writes:
I went to a WizeTrade free seminar in West Palm Beach. The speaker was selling the software for $3500.00 at the seminar or you could buy it online for $4500.00. The data feed was repackaged esignal given their own Wizefeed name for 39.95 a month. Afterwards, I asked the salesman to clarify on some speaking points. The software's proprietary algorithm is based on 7 different factors that all seems to indicate buying pressure. He mentioned, stochastics, moving average, MACD, and some others. From the little I have learned of technical analysis, it seems like just a stochastics chart. I don't know for sure but you could probably find real time stochastics online for free. The software version was 8.3. If you want to upgrade your software (and upgrades come periodically) you need to be an active subscriber to their data feed. Five days later I went to an all day financial conference in Boca Raton. All kinds of hucksters ( uh, speakers) were there. There was a WizeTrade salesman but not the one I saw in West Palm. Strangely he was selling WizeTrade for $3500.00 too, but he was selling version 7.0. Obviously, he was selling a batch of really old software. (You would expect at least 4 revisions between 7.0 and 8.3). So I asked myself, why would WizeTrade send a salesman out with outdated wares when it had the newest versions available? And why are they selling at full price? The answer lies in what many of these speakers will willingly tell you in their presentations. They are not employees of the company, but rather independent contractors. This guy in Boca had bought the software a couple of years ago and had failed to unload all his stock in a timely manner and was personally stuck with it. Most likely, these independent contractors pay a small fee for the product, say $50.00 each, and are free to keep whatever they sell it for above that. Remember it's just a cardboard box with a plastic compact disc inside. The materials and printing probably cost no more than $2.00 to produce per unit. Remember that a dollar saved is a $1.30 earned (depending on your tax bracket) so $3500.00 saved is $5000 earned (aprox. depending on tax bracket). You have to ask yourself whether you are willing to earn $5000.00 for this so called magic software. Especially when they have such little regard for their customer that they are letting their I.C.s sell a grossly outdated product for full price.

8/18/2007 - Diamond writes:
Very dissapointed. This company is making money off IGNORANT people. If you ar unhappy/dissatisfied. File a lawsuit claim. Do not buy this!

8/13/2007 - William writes:
My advise is to stay away from Wizetrade. Yes there is a money back guarantee, but they do a great job of selling the idea that the learning curve is at least a month and you should not use real money during that time. If you follow their direction, by the time you start trading with cash, the gurantee period has long passed As to the program istelf, it is relatively worthless in my opinion. Indeed "fresh cross" lines frequently uncross at the most inopportune times. The 3 "wizemen" strategy has so many exceptions that it is virtually unusable. Charting the 5 day MA against the 20 or 50 day MA is about as effective as WIzetrade in my opinion, and costs about 3k less.

7/31/2007 - Hector writes:
This is to inform all consumers out there that are even considering doing business with this company, to please do your due diligence first. I attended this organiztions free seminar. At the time the concept seemed pretty good and looked like a potential aid, to help make some extra money in the stock market. I purchased this product at the day of the seminar for about $3,772.00 they gave me the software to play around with and said that you could play around with it for a few days until they set up their training seminar. I attended their all day training seminar which was not all that informative. I was undecided if I wanted to return this product or not. They gave us a bootcamp training DVD set, at the end of this seminar. Basically baptising you into this program, because now according to them you are no longer entitled to a refund. I was kind of upset but against my better judgement went ahead and kept the DVD set and signed up for their wizefeed monthy service fee of $39.95. This is what enables the software to have a live datafeed with the markets. About two weeks not even throught the trainging information that they provided me with. I was laid off from my job. I knew pretty much that I was going to be out of work for a long time. Being in the type of sales that I'm in. I immediately contacted this organization asking for a refund for this product since I had placed it on my AMEX card. I was flat out told that I was no longer eligible for a refund because I was 7 days out of the return policy. I explained that I was no longer employed and that I was not going to be able to afford this product nor was I going to have the money to invest and be able to utilize it. I was told that, unfortunately that was my misfortune and that no refund would be issued. I immediatley asked them to at least cancel all of their other services that they were charging me on a monthly basis. I found out today looking over my amex statement they went on and to continued to bill me for June and July for the $39.95 monthly service that I requested them to stop billing me back on May 22, 2007. I have made numerous complaints to them about getting the other $3,772.00 refunded back to my amex account, and no one is getting back to me. Be very careful of these predators. Hector Wellington, Florida U.S.A.

7/6/2007 - Rey writes:
What i am telling is the truth through personal experience. This piece of garbage is worth 4000 dollars. i am a victim of fraud scam. their software is just moving averages. the so called coach called to my house and ask me how am i doing with the product. and they are trying to sell me their so called coaching for a staggering 9000$ dollars, ray is the coach, for 21 weeks. 9000 grand what are you crazy. then i told him i got no money for that and he lowered it to 3 grand for 7 weeks. i said no. this is a complete selling tactic and cant make on stocks. just give me your 4 grand if you will buy this software. :)

5/30/2007 - Mike writes:
Just go out of the "free" seminar today in SD. I actually paid $4 for parking. The whole experience left a bad taste in my mouth. No coffee, no bagel, etc. Has a feel of the cheap scamish operation. Did not buy the software, knowing thAt cancellation would be a bitch, at best. I read that they can actually change their charts after the fact! to their advantage!!!!!

5/7/2007 - Burt writes:
The software that I purchased did not even work properly so I guess that I am lucky that I never had a chance to use it. The stock symbols would not populate in seven of the yellow windows even though they were symbols within the program. I have filed a complaint with the credit card company and they took the money out of their account. However, the company is fighting to get the money back. It is a lousy company that sells a defective product and continues to fight for their money. They do not care about public relations; consequently, they will hopefully be out of business soon. I would gladly join a class action law suit. Wize Trade contact me: []

4/30/2007 - Keven writes:
My sister recently died and I had the unfortunately task of dealing with her estate. No will, no guide to finding out what was left. In 2005 it appears my sister went to a Wizetrade Presentation and paid out just shy of $4000 for the Wizetrade program and based on credit card receipts continued to pay nearly $100 Canadian per month for a data feed to the computer program on her computer. That's $1200 per year. The other disturbing thing is that during this time I have evidence that my sister cashed out all of her secure investments but there is no record of where any of this money went. Every aspect of her life was not difficult to track down but one mystery remained - where is the records of what she did with those funds and the only unusual activity seemed to be this Wizetrade program. I'd like to know more how the computer end of their program worked because I suspect my sister banked on the advice from the Wizetrade program and from the charts and printed data on tons of stocks I found, her entire investment in her retirement has evaporated. It looked to me like my sister followed the program closely and after her passing, the results were a big fat zero and huge losses over the couple years she used the program. The final mystery is her actual death because it happened just at the point where massive debts on regular finances came calling for collection. The last date paid to Wizetrade was November 2006 and that is also the same date my sister also stopped paying on all her regular bills as well. Was her faith in the Wizetrade Program the cause of the collapse of my sisters estate? I'd say she must have been persuaded in BELIEVING the promises that the majority of trends projected by the program would lead to more profit than losses but apparently the majority was lost. My sister did not gamble, use drugs, drink or purchase material merchandise, nor did she travel. Wizetrade seems to be the only anomaly found that explains the rapid evaporation of her assets.

4/6/2007 - Andrew writes:
I was interested in Wizetrade for a couple of reasons. Not the least of which is, a co-worker (who is sharp) is using it and is doing well. This is not an instant-rich thing. You have to work hard, but it is a legitimate tool. If you buy into the 'red-light / green light" aspect you will lose money. But the charts are good, they can work if you combine them with other sound technical analysis tools. They are very very similar to "moving average" charts. The problem I had with the package is that Wizetrade is just too expensive for what you get. You are paying for a slick interface. But really, for a LOT of money you are only getting one tool. If you do some homework you can find several software packages out there that do very similar analysis but cost hundreds, not the thousands that Wizetrade charges. I have heard that some brokerage house websited offer such tools, although my broker doesn't. At any rate, I decided, after giving it a workout, to return it for a refund. When you buy, they don't tell you that they plan to hold your money for 30 days. This is legal, because they state it in the fine print. But as far as I am concerned it is unethical and really a poor practice. Wizetrade no doubt has a LOT of refund requests, and by holding each customer's $4000 they are making a lot of money every month in interest. Personally, this sleazy practice soured me on this company. My advice is, do some homework before you plunk down the huge amount of cash Wizetrade charges. There is no magic to this. You can get moving average software for much less than the $4000 Wizetrade charges, and you won't have to deal with this shady company.

3/29/2007 - Martha writes:
Wizetrade simply is not what it was advertized to be. At the sales presentation we were told that we had 30 days to test the product and cancel it. I tested it. I spent a lot of time looking for the right type of graphs. I found some graphs which were perfect short term buy signals. I watched those stocks to see if they would go up in the short term. Some went up and some went down. Using this software to invest money is a gamble. You could lose money, a lot of money. It turns out that the 30 day promise was a lie. If you want to test this software, test it right away. You must cancel before the training. And keep proof that you faxed a cancelation notice to cancel both wizetrade and wizefeed, within 10 days after ordering. And to avoid being charged for the wizefeed the next month change your credit card number. I was charged the next month for the wizefeed even though I had made it very clear that I had uninstalled the wizetrade and wanted to cancel both wizetrade and wizefeed. Please don't buy this product!

1/9/2007 - Ben writes:
I am an economics master's student with a few years of statistical analysis experience in Excel and so on at a big company. Also, my training in market economics is pretty strong. I also have a very good head for trend analysis, mathematical puzzles and, also, market theory. So, while not a professional economist, I soon will be one. Out of pure curiosity I went to check WizeTrade out after seeing it on TV. Sure enough, the man there claimed (direct quote) "Stocks tend to follow their past trading patterns [over the long term and short term]." Sorry, buddy! That's not the case. Random walk theory, actual economists, efficient markets hypothesis... it's the 90MPG carburator all over again being presented to a quite vulnerable, mostly workaday folks who already know a 90MPG carburator is B-S. But most do not know market history, math, or economics as well as I do (and I hoped to be a wolf in sheep's clothing in that respect). The presenter carefully disavowed any technical knowledge on his own part (excellent liability shielding, not to mention any hard questions). After being asked a very sensible question about whether WizeTrade can accurately predict the future, the man could not comment "Due to SEC regulations." Wise move indeed, friend! Just use your head, people. If they had a magic, perpetual motion money machine, they could earn billions of dollars per year. But they don't. Why not? Because they are too busy playing P.T. Barnum, going around America, and later providing "customer service." It doesn't work, people! For the same reason the sun rises and sets every day. Bulletproof science reasons. Ah, but claiming you have an innovation will get our attention. Especially if you cloak your solution in "proprietary algorithms" that even the government probably cannot look at. Who cares? It is probably time to shut them down. It is not OK to claim you have the cure for cancer when you don't. Keeping it a "secret" is the last refuge of a scientific fraud, which is what we are dealing with here. Particularly, we know this isn't happening to hand a jackpot out to the public. They are doing it to sell software for $3000, since they have no idea to make money on the stock market! Neither do the smartest people in the world, with any consistency! The historical performance graphs inside the WizeTrade application seemed to look excessively rosy. They claim the software "would have known" when to buy and sell everything, and make it turn out great, resulting in the "data" shown on this historical graph, which indeed looks (in all cases) like the future is being predicted. You are free to give them any symbol and voila, it goes on the big screen and looks great. Nothing is EVER a loser after WizeTrade works or (would have worked) its magic. Sound fishy yet? WizeTrade has instant recommendations based on "buying pressure" which is a relatively unknown concept in finance. Key issue: buying pressure is visible on old graphs. But we cannot know when it will come in the future! Or the present, for that matter. Therefore, the instant recommendations of WizeTrade are disconnected from the graphs that they are calling "history." It is false history. That is what I believe after looking at some audience generated (hence, unbiased) stock picks. WizeTrade almost never screwed the investor and, quote often, racked up 50% or 100% gains inside months thanks to market timing, according to this fraudulent "history." It could be proven, if you want to get the software and run a few tests of instant vs. the history, which they imply comes from prior instant recommendations. The history did look good. If the history looked bad, this might be an honest product. But the graphs had a "magical" look to them, as in NOT REAL in my opinion. I think they are distorting the prior performance of their product, in a million cases. If not, perhaps they could put actual units on the graphs to allow proper testing? And the "history" it is the central selling feature of the WizeTrade app. The crown jewel of the sales pitch. The SEC should look into that history window. If anything, WizeTrade is a triumph of dream-selling and liability avoidance. They never explicitly guarantee positive results. But they slowly build a math problem in your head, rather than on paper, that is fraudulent to the core. This is the most brazen stock-picking "magic" claim ever; might need some attention from authorities.

10/19/2006 - Lynn writes:
Let's start with a little story regarding infomercials. Do you know who started this waste of TV time? Charles Givens, in the late 80's, with his Wealth Without Risk venture. Where is he now? Well, ole' Chuck bit the dust a few years ago, but not before the SEC closed down his business for a number of violations. Now look at WizeTrade. One of the main investers and speakers for this product is Steve Sitkowski, who was a Givens guru. I can tell you from personal experience that he is one shady character, but he is capable of convincing people that what he says is factual. In addition, his regional seminars are manned by the same people he worked with at Givens, and most are former used car salesmen... Enough said?

9/11/2006 - Daniel writes:
I don't own this but attended one of their seminars ( I thought it would be a good laugh with a fellow finance student over our long boring jobless summer break ). I am a college student studying finance and economics with a minor in mathematics, I've been studying the financial markets since my junior year of high school. This thing is junk lol. technical analysis, which this is based, is psuedoscience to begin with, but helpfull in some stocks in which TAers trade heavily. Hedge funds hire PhD's in Mathematics for literally 1/2 a million a year to just try and develop what this product promises to do. In my opinion, this product is a peice of garbage shit!

7/24/2006 - Johnny writes:
I was very interested in increasing my retirement income so ended up at the Wisetrade show. After high pressure sales I ended up spending three thousand dollars for their so called no lose program. They kept calling, and keeping you on the high of how great the program was that you didn't even have a chance to really see the true picture. Then to top it off you have to spend 29.95 each month just to keep their feed or the entire thing is useless! The entire program is just a scam and I wish someone would do a class action law suit just to show them they can't take peoples hard earned money.

8/17/2005 - Thurman writes:
This is the worst software product a person can buy looking to make money in the stock markets. If it worked Goldman-Sachs would have written such an obscenely large check for use by their specilists leaving the general public never to see it in general use. Too bad hindsight is 20/20, as self-admittedly, I bought into the hype that now pays Mr. Thompson's gas bill for the Lamborghini he drives all around Dallas. I think he just bought his 4th $1M home too... Don't be a sucker too.

8/7/2005 - Mykal writes:
I too was suckered in with the sweet talk and how anyone could do it. Well I retired at the age of 38, so I know I am no dummy. However, I lost close to 40K using this software. Trying to gain back the money I lost just kept getting me deeper and deeper. I wish I could have been involved in the class action lawsuit brought against the company. don't buy this fraud software

Mike writes:
I saw the infomercial for Wizetrade and decided to try it out.  I went to the slick sales pitch at a hotel conference room and was told that I could have a free 14 day trial of it, I just had to pay it on my credit card. I bought it and used it for a week and realized quickly what a worthless POS this was! The program actually uncrosses lines.  They say to buy or sell based on fress crosses and yet it will uncross a line on you if the stock drops after hitting a bottom and moving up.   Talk about using an eraser to fix your mistakes! I would like to inform the SEC to investigate this further. 

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