Warrior Trading
A flat-fee day-trading course, scanner and live trading room that pays nobody for referrals, sold by a founder and company under a permanent 2022 FTC injunction, with marketing that still leads on the founder’s own results and terms that are non-refundable outside one seven-day bundle guarantee.
Warrior Trading sells a day-trading course, a scanning tool and a live trading room for a flat fee and pays nobody to refer anyone, but its founder and company operate under a permanent 2022 FTC injunction after a $3,000,000 judgment, its marketing still leads with the founder’s own outsized results beside a disclaimer close to the one the FTC alleged was ineffective, its terms are non-refundable outside one seven-day bundle guarantee and require arbitration, and no data shows a typical buyer beating the losses the FTC alleged for the company’s own customers.
Can you actually make money with Warrior Trading?
No. Nobody is paid for recruiting anyone here, and no capital is taken against a promised return from the company, which is why comp and sec sit at 10. The No comes from participant economics at 2 of 10. Warrior Trading publishes no member or student outcome data; the only results it publishes are founder Ross Cameron’s own, which its free-class page sums up as “$583 into $20 million”. The typical result is a different number: the FTC’s 2022 complaint alleged that 74% of customer simulator accounts lost money from November 2020 to March 2021, and that broker data for May 2018 to May 2021 showed “the vast majority of customers made no money or lost money”. Those are allegations in a case settled by consent, not findings, and they are the closest thing to customer data on the record.
The real cost of trying the strategy as sold is well above the course sticker. At the company’s own list prices on 19 October 2026, Warrior Starter ($997) with a year of both member add-ons comes to $4,525, and Warrior Pro ($3,997) with a year of Day Trade Dash with the simulator ($197 a month) and Live Stream & Chat ($147 a month) comes to $8,125. A 40% coupon sale ran that day, taking the Pro route to $6,526. None of that counts brokerage costs, data fees or trading losses. The old $25,000 pattern-day-trader minimum is no longer the gate it was: FINRA replaced it with intraday margin standards effective 4 June 2026, phased in to 20 October 2027, so some brokers may still apply it until then.
Independent research with no connection to the company points the same way. In the Brazilian futures study by Chague, De Losso and Giovannetti, 97% of the 1,551 day traders who persisted more than 300 days lost money, and only 17 earned more than the Brazilian minimum wage. In Barber, Lee, Liu, Odean and Zhang’s Taiwan data, aggregate day-trader performance net of fees is negative and more than 75% of day traders quit within two years. Neither study is about this company’s customers, and the company cites the same literature in its own footer. Against that, and with no company outcome data at all, the realistic odds for a typical buyer are poor enough to decide the call regardless of the clean comp and sec scores.
List prices on the company’s memberships page, 19 October 2026: Warrior Starter $997 one-time (one course, 25 hours, three years of course access); Warrior Pro $3,997 one-time (ten courses, 200+ hours, three years of access); Warrior Pro Special $6,202 one-time, which adds a year of Live Stream & Chat, 90 days of Day Trade Dash and 90 days of the real-time simulator and is the only route that carries the seven-day money-back guarantee. That day a “Trade or Treat” coupon sale with a countdown timer showed $598, $2,398 and $3,721. Add-ons: Day Trade Dash with the simulator $197 a month for members and $247 for non-members, or $147 and $197 without the simulator; Live Stream & Chat $147 a month for members (view-only chat for Starter members); the real-time data simulator alone $97 a month. Dash is sold standalone. A two-week trial is advertised at $19. A year at list runs about $4,525 (Starter plus Dash without the simulator plus Chat) to $8,125 (Pro plus Dash with the simulator plus Chat), before brokerage costs and trading losses. The $25,000 pattern-day-trader minimum is being replaced by FINRA’s intraday margin standards (effective 4 June 2026, phase-in to 20 October 2027); the company’s own article now says a margin account may need as little as $2,000, depending on the broker.
- Publication of a member or student outcome disclosure, even an unflattering one, that reports a median across every buyer rather than badges for the members who chose to verify their gains.
- Terms that offer a refund or cancellation path beyond the one seven-day bundle guarantee, and drop the jury and class-action waivers, so a buyer who finds the product is not for them has a remedy that is not confidential arbitration in Boston.
- For an individual buyer: only attempting this with money they can lose twice over, once on the course and tools and again in the trading account, after checking what their own broker requires under FINRA’s phase-in.
That call is computed, not chosen - the rule reads three of the nine published dimension scores and is printed on the methodology page. It describes this company's plan and the figures it publishes about the people already in it. It is not a prediction about you, and nothing on this site is advice.
Legal status
LEGAL BUT UNDER A PERMANENT FEDERAL INJUNCTION. The FTC sued Warrior Trading, Inc., Warrior Operating Inc. and Ross Cameron, individually and as an officer, in FTC v. Warrior Trading, Inc., No. 3:22-cv-30048 (D. Mass., Western Division), filed 19 April 2022, over marketing it said ran from January 2018 to March 2021. The court entered a Stipulated Order for Permanent Injunction, Monetary Judgment, and Other Relief on 25 May 2022, on consent, with the defendants neither admitting nor denying the allegations; the Commission vote was 4-0. This is a consent judgment, not a litigated finding of fact, and not a criminal matter. The order entered a $3,000,000 judgment jointly and severally, payable within 30 days, with no part suspended; the FTC has since distributed the fund in two rounds, January 2023 (more than $2.4 million refunded) and November 2024 (17,121 payments totaling over $410,000). What remains in force is the injunction, which has no end date: Sections I to III bar unsubstantiated or misleading earnings claims (expressly including customer testimonials), misrepresenting that consumers can succeed regardless of background, through the simulator, without significant capital or without significant time, misrepresenting total costs, and telemarketing violations. It binds Cameron personally. Compliance reporting runs for 10 years, to May 2032, and the order provides that the complaint’s facts are taken as true in any later FTC litigation to enforce it. The FTC thanked SEC economists for analyzing trading data; there is no SEC action. No criminal case, no class action and no other government case was found in federal records. Private suits exist and are described at their stage below; none produced a finding against the company.
Confidence: Medium-High
Primary sources fetched directly where possible. Everything we could not verify is listed at the bottom of this page by name.
Follow the money
A day-trading education and software business at warriortrading.com, run by Warrior Operating Inc. (doing business as Warrior Trading) and fronted by founder Ross Cameron. Buyers pay a one-time fee for a course membership (Warrior Starter, Warrior Pro or the Pro Special bundle) and, separately, monthly fees for a scanner (Day Trade Dash, also sold standalone) and a live trading room (Live Stream & Chat).
No commission, override or referral payment of any kind exists for bringing in another customer, and no capital is taken against a promised return: a buyer’s trading, and any gain or loss, happens in their own brokerage account.
The company and Cameron personally operate under a permanent FTC injunction entered on consent in May 2022, after a $3,000,000 judgment that the FTC has since paid out to customers in two rounds (January 2023 and November 2024). The injunction has no end date; compliance reporting runs to 2032.
Cameron publishes his own monthly broker statements going back to 2016, with a CPA firm’s attestation examination of his return schedules from 2017 to 2025. That is his account only. The company publishes no member outcomes and says it does not track them; the FTC alleged that 74% of customer simulator accounts lost money in late 2020 and early 2021.
A year of a course plus both add-ons runs about $4,525 to $8,125 at list prices, before trading losses. The terms are non-refundable outside a once-only seven-day guarantee on bundles, renew automatically, and send disputes to confidential individual arbitration.
Where a Warrior Pro buyer’s first-year spend goes
There is no participant-to-participant payout here, so a commission split does not apply. This shows instead where a Warrior Pro buyer’s first-year spend lands at the company’s list prices of 19 October 2026 if both member add-ons are kept running for twelve months: $3,997 for the course, $2,364 for Day Trade Dash with the simulator at $197 a month, and $1,764 for Live Stream & Chat at $147 a month, $8,125 in all. The company publishes no accounts, so how that revenue divides between its costs and its margin is not known and is not modeled.
| Product | Price | Pays |
|---|---|---|
| Warrior Starter One course, 25 hours. Starter members get view-only access to the chat room if they add Live Stream & Chat. Not covered by the money-back guarantee. |
$997 one-time at list ($598 in the 19 October 2026 coupon sale) one-time; three years of course access |
None. No commission or referral pay of any kind |
| Warrior Pro Ten courses, more than 200 hours, including strategy, scaling, psychology and live-trading archives. Not covered by the money-back guarantee unless bought as the Pro Special. |
$3,997 one-time at list ($2,398 in the coupon sale) one-time; three years of course access |
None. No commission or referral pay of any kind |
| Warrior Pro Special (bundle) Pro courses plus a year of Live Stream & Chat, 90 days of Day Trade Dash and 90 days of the real-time simulator. The only offer carrying the seven-day money-back guarantee, usable once per member ever. The company FAQ says bundles run up to $6,997. |
$6,202 one-time at list ($3,721 in the coupon sale) one-time; three years of course access |
None. No commission or referral pay of any kind |
| Day Trade Dash Scanners, TradingView-based charts, news and a web-based simulator with Level 2, on real-time data. Sold to non-members as a standalone subscription. |
$197 a month for members with the simulator ($147 without); $247 for non-members ($197 without) monthly, auto-renewing |
None. No commission or referral pay of any kind |
| Live Stream & Chat Cameron’s daily broadcast and the chat rooms. The Terms say moderators may post real or simulated trades without saying which, and that staff holding a stock discussed may sell into viewers’ buying. |
$147 a month for members monthly, auto-renewing |
None. No commission or referral pay of any kind |
| Real-Time Data Simulator; two-week trial The simulator is also bundled in Dash at the $197 tier. The $19 trial is advertised on the company’s legitimacy page. |
$97 a month for members; $19 for a two-week trial monthly; one-time trial |
None. No commission or referral pay of any kind |
| Verified Earnings Statements archive Cameron’s own broker statements from 2016, with a total of $18,810,638 in gains from 2017 through 2025 on the company’s page, and SingerLewak’s attestation examination of the return schedules. The company calls it “(Audit Results)”; it is an examination, not an audit, and it excludes brokerage fees. It reports the founder’s account, not any customer’s. |
free to view updated monthly |
None. Not a product for sale |
Who runs it, and what they ran before
The FTC complaint (para 10) gives his offices. He is the named individual defendant in the 2022 FTC case and is personally bound by the permanent injunction, which he signed individually and as president of both companies. In February 2019 a court filing in the company’s own lawsuit stated that he owned 90% of Warrior Trading, Inc.; the company’s FAQ now says the business is owned by its founder. No public record reconciles the two. His own trading results are published monthly and carry a CPA firm’s examination opinion, described under product. No bankruptcy and no other venture was found in federal court records.
Both named as defendants in the 2022 FTC case and both bound by the order. Warrior Operating is the survivor of the September 2019 merger. Warrior Trading, Inc. remains the name on the BBB profile and was the plaintiff in a 2019 Florida defamation suit and the defendant in a 2019 California shareholder suit, both described below.
Not a one-person company. A federal court order of November 2019 records that a former chief operating officer served from 2016 to 2018 and was a shareholder; his share-repurchase dispute was sent to arbitration and the Delaware Court of Chancery, and his California suit was dismissed with prejudice by stipulation in August 2021. The February 2019 disclosure statement listed a second shareholder holding 10%. BBB lists a Director of Operations alongside Cameron today. The company files no public accounts and publishes no revenue figure; the FTC complaint alleged that it generated “tens of millions of dollars in revenue” from January 2018 to March 2021.
Registered address
Great Barrington, Massachusetts: 47 Railroad Street in the FTC complaint, and PO Box 330 and 20 Castle Street, Great Barrington, in the company’s current Terms and Conditions.
The corporate record is public and settles the structure. Warrior Trading, Inc. is a Delaware corporation and Warrior Operating Inc. a Nevada corporation, and the two merged on 20 September 2019 with Warrior Operating as the surviving entity (FTC complaint, paras 7 to 9; the Delaware incorporation also appears in a 2019 federal notice of removal). Two loose ends remain for a buyer. The Terms and Conditions, updated 29 July 2026, name no legal entity at all, only “Warrior Trading”. And the BBB profile, accredited A+ since 2 July 2025, is listed under “Warrior Trading Inc.”, the entity the complaint says merged out of existence in 2019.
The veteran's checklist
Eight questions that decide whether this is a business or a transfer mechanism. Same eight, every review.
| Question | Answer |
|---|---|
| Who legally owns it? |
WATCH
Warrior Operating Inc., a Nevada corporation doing business as Warrior Trading, which absorbed Warrior Trading, Inc. (Delaware) in a 2019 merger. Ross Cameron is founder and CEO, and the company says he owns it. The Terms name no legal entity.
|
| What does it really cost? |
WATCH
$997 or $3,997 at list for a course (often on coupon sale), or $6,202 for the bundle, plus $294 to $344 a month for both member add-ons: about $4,525 to $8,125 in the first year, before trading losses.
|
| Published income disclosure? |
CONCERN
No. Only the founder’s own results, with a CPA examination of his return schedules. The company says it does not track customer results; the FTC alleged 74% of customer simulator accounts lost money.
|
| Regulatory or legal action against the company, ever? |
CONCERN
Yes. A 2022 FTC consent judgment: $3,000,000, paid out to customers, and a permanent injunction binding the company and Cameron personally. No conviction, no class action; private suits found did not end in a finding against the company.
|
| Does the plan pay for recruiting? |
OK
No. No commission, override or referral pay of any kind was found.
|
| Can you get your money back? |
CONCERN
Only on a bundle that states the seven-day guarantee, once per member ever. Every other payment is non-refundable under the Terms, including missed auto-renewals.
|
| What happens if you leave? |
CONCERN
Cancel through the dashboard or by email with a confirmation of receipt; phone requests are not accepted. Canceling deletes the account and its content at once, and disputes go to confidential individual arbitration in Boston.
|
| What is the real product here? |
RED
A course, a scanner and a live room sold for a flat fee with no comp plan. The risk is not that anyone is paid to recruit you; it is that most people who try to day trade lose money, and nothing published shows this course changes that.
|
What has to be true for you to get paid
| To cover | You need |
|---|---|
| Recover the $997 Warrior Starter fee through trading profit alone, with no add-ons | A net trading gain of $997 above what the buyer would have made without the course There is no way to measure this, because the company does not track customer results and publishes no outcome data. A buyer cannot check whether the course improved anything. |
| Recover the $3,997 Warrior Pro fee within the first year | Trading profit large enough to beat the base rate for day traders and still clear the fee The FTC alleged that 74% of the company’s own customer simulator accounts lost money in late 2020 and early 2021, and independent studies find most persistent day traders lose money net of fees. Clearing a four-figure fee on top of that requires being well inside a small minority. |
| Recover a year of both member add-ons ($3,528 to $4,128), treating the course fee as sunk | Trading profit covering the subscriptions alone, about $294 to $344 a month Easier than recovering the Pro fee, but it still requires beating the same base rate every month, and the subscriptions renew automatically and are non-refundable under the Terms. |
| Limit the cost without relying on trading skill | Buy only the Pro Special bundle, decide within seven days, and request the refund if it is not worth keeping; do not waive the guarantee early The only route whose arithmetic does not depend on trading skill. It works once per member ever, and only on a bundle that states the guarantee; every other purchase is non-refundable. |
Read this twice
All four scenarios use the company’s list prices of 19 October 2026 and the base rates described in this report, from the FTC complaint’s allegations and from independent academic studies, not any Warrior Trading outcome figure, because none is published. They show what would have to be true to cover a cost; they are not forecasts for any buyer.
Run your own numbers
Drag the sliders. Nothing here is stored or sent.
Warrior Trading pays no commission, override or bounty of any kind for referring another student, so there is no comp plan to model: the "new students" slider is here only for consistency with every other report on this site and returns $0 at any setting. What this calculator shows is the monthly cost of the two member add-ons at the company list prices of 19 October 2026: Day Trade Dash with the simulator at $197 a month plus Live Stream & Chat at $147, $344 a month, on top of a one-time course fee of $997 (Starter) or $3,997 (Pro). Dash without the simulator brings it to $294. Both renew automatically and are non-refundable under the company Terms. Referring other people never changes the number below; only canceling the add-ons does. For the typical result, the FTC alleged in 2022 that 74% of customer simulator accounts lost money from November 2020 to March 2021. Your own subscription cost of $344/mo is included.
What it costs to replace this yourself
Open-market prices for the same capabilities, from each vendor’s own pricing page or a dated third-party pricing page, against Warrior Trading’s course-plus-tools bundle. None of these vendors is an income opportunity and none is graded on this site.
| What they sell you | What you'd use instead | Your cost |
|---|---|---|
| Day Trade Dash scanning and charting ($147 to $197 a month for members, $197 to $247 for non-members) | Trade Ideas Standard | $127 a month, or $1,068 a year |
| Day Trade Dash, lighter scanning need | TC2000 Premium | $49.99 a month |
| Charting only | TC2000 Basic | $24.99 a month |
| Real-Time Data Simulator ($97 a month) | Broker-provided paper-trading simulators | Free with most mainstream brokerage accounts |
| Live Stream & Chat ($147 a month) | No unaffiliated paid substitute was priced for this report; free trading communities exist but none was vetted here | Not priced |
| Day-trading risk education | SEC investor publication “Day Trading: Your Dollars at Risk” and FINRA investor education | Free |
| Strategy instruction and live on-camera trading | Ross Cameron’s own YouTube channel (2.12 million subscribers on 19 October 2026) | Free, ad-supported |
| Evidence on realistic odds | The published academic papers on day-trading outcomes cited in this report | Free |
| Total as sold about $4,525 to $8,125 for a first year of a course plus both member add-ons at list prices (company memberships page, 19 October 2026) |
Total, built yourself about $1,068 to $1,524 for a year of Trade Ideas Standard for scanning, or $0 relying on free SEC, FINRA, YouTube and broker paper-trading resources while learning |
Price-to-value
The scanner is priced in the market’s range, above Trade Ideas Standard and well above TC2000, but it bundles charts, news and a simulator, so it is not simply overpriced. The course layer adds about $1,000 to $6,200 for material much of which overlaps with free sources, and nothing in the stack changes the independent evidence on how most people fare at day trading itself.
Three operators, five horizons
Probability of cumulative net profit
Hover any point for median, top decile and bottom quartile.
The Starter buyer who trades a small account casually
buys Warrior Starter at the $997 list price, no add-ons, and trades a small account. Modeled from the base rates in this report and the list price, not from Warrior Trading outcome data, which does not exist
| Horizon | P(profit) | Median |
|---|---|---|
| 3 mo | 30% | -$1,050 |
| 6 mo | 27% | -$1,150 |
| 1 yr | 23% | -$1,250 |
| 3 yr | 20% | -$1,300 |
| 5 yr | 18% | -$1,300 |
The Pro buyer who runs both add-ons for a year or more
buys Warrior Pro at the $3,997 list price plus Day Trade Dash with the simulator and Live Stream & Chat ($344 a month), and trades actively. Modeled from the base rates in this report and the list prices, not from Warrior Trading outcome data
| Horizon | P(profit) | Median |
|---|---|---|
| 3 mo | 12% | -$5,400 |
| 6 mo | 10% | -$7,900 |
| 1 yr | 7% | -$10,800 |
| 3 yr | 5% | -$14,500 |
| 5 yr | 4% | -$15,500 |
The free-path trader who never pays Warrior Trading anything
uses SEC and FINRA materials, Ross Cameron’s free YouTube channel and a broker’s paper-trading tool, then trades a small account. Carries the same day-trading base rate as the other two profiles without the course or tool cost
| Horizon | P(profit) | Median |
|---|---|---|
| 3 mo | 35% | -$150 |
| 6 mo | 30% | -$300 |
| 1 yr | 25% | -$500 |
| 3 yr | 22% | -$700 |
| 5 yr | 20% | -$800 |
Methodology note. These are modeled ranges, not data. Each row is a cumulative net cash position: course fee, tool subscriptions where they apply, and a trading result band drawn from the FTC complaint’s allegations about the company’s customers and from independent academic studies of day traders. The company publishes no customer outcomes, so none of these rows is a measured Warrior Trading result. The “p” figure is a modeled chance of being net cash-positive at that point, not a published figure and not a forecast for any reader. For comparison, the founder’s own published result is $18,810,638 in total gains from 2017 through 2025 on the company’s page, with an examination opinion on his return schedules; the company calls his results not typical, and nothing on the record suggests a typical buyer comes close.
Where you are actually allowed to promote this
Platform policy reads, not verifications. Check every one before you spend a dollar - enforcement changes faster than the written policy does.
Red flags and green flags
Red flags
141A permanent federal injunction binds the company and its founder
2The marketing the FTC challenged was aggressive
3The disclaimer today is close to the one the FTC alleged was ineffective
4Founder and member results still lead the sales pages
5No member or student outcome data
6A countdown sale makes the list price a weak guide
7The FAQ answers “What happened with Warrior Trading?” without the FTC
8An attestation examination is labeled an audit
9Blanket non-refundable terms outside one guarantee
10Cancellation is narrow and destructive
11Mandatory confidential arbitration with jury and class waivers
12Staff may trade against viewers’ buying
13An incentive to give up the refund window
14The full experience costs far more than the course
Green flags
81No recruitment pay of any kind
2No capital taken against a promised return
3The founder’s results carry an independent examination
4A real, if narrow, money-back guarantee
5The scanner is sold standalone and priced in the market’s range
6The company states the capital rule accurately
7The FTC fund was paid out
8No criminal case, class action or second government action found
We would like to be wrong about this
Upward
- Publication of a member or student outcome disclosure that reports a median across every buyer, not badges for those who chose to verify gains.
- Refund and cancellation terms beyond the one seven-day bundle guarantee, and removal of the jury and class-action waivers.
- Marketing that drops the countdown sales and the profit badges, states the FTC case in the FAQ, and describes the accountant’s report as an examination rather than an audit.
Downward
- A court or FTC finding that current marketing violates the 2022 injunction.
- A second federal or state action against the company or Ross Cameron, or a private suit that ends in a finding against them.
- Evidence that the company has stopped delivering paid access or has tightened the already narrow refund terms.
A flat-fee day-trading course and tools business that pays nobody for recruits and takes no capital against a promised return, sold by a founder and company under a permanent FTC injunction, with sales pages that still lead on the founder’s results and terms that leave a buyer little recourse.
What is good here is real. There is no comp plan, no referral pay and no promised return. The courses, the scanner and the live room are genuine products, the scanner is sold standalone at prices in the market’s range, and the founder’s own results carry a CPA firm’s examination opinion, which few people selling trading education can show.
The trouble is what the record shows about buyers rather than the founder. The company publishes no customer outcomes and says it does not track them; the only customer data on the record is the FTC’s allegation that 74% of simulator accounts lost money. A year of the full product runs about $4,525 to $8,125 at list prices. The sales pages still lead with “$583 into $20 million” and member profit badges, under a countdown sale, beside a disclaimer close to the one the FTC alleged did not work. And the terms are non-refundable outside a once-only seven-day bundle guarantee, renew automatically, and send any dispute to confidential individual arbitration.
None of this is a securities finding or a recruiting finding; both are clean. It is a finding that the founder’s company operates under a permanent injunction over the kind of marketing it still uses, that no data supports what a typical buyer can expect, and that the skill being sold is one most people who try it lose money at.
Learn the fundamentals free first
The SEC’s “Day Trading: Your Dollars at Risk”, FINRA’s investor education and the founder’s own YouTube channel cover the core material at no cost.
Practice on a broker’s paper-trading simulator
Most mainstream brokers include one free, and it tests a strategy before any real money is at risk.
Price the scanner against the open market
Trade Ideas Standard lists at $127 a month and TC2000 Premium at $49.99, with no course fee attached.
If buying, buy only the guaranteed bundle and decide inside seven days
It is the only refundable route and it works once. Do not waive it early for faster course access, and cancel add-ons through the dashboard or by email, never by phone.
Nine dimensions, weighted
Dimension profile
Further from center is better. Hover any point.
Hard caps that bind here
The lowest binding cap wins, regardless of the weighted arithmetic.
What we read
Every source below links to the document itself. Tier 1 is a primary record - the company’s own plan, policy or disclosure, a court filing, a regulator’s decision or an SEC filing. Tier 2 is a self-regulatory or secondary regulator record, tier 3 reporting or academic work, tier 4 an open-market price comparison. Where a document can be moved or withdrawn, an archived copy is linked beside it. If a link is dead when you try it, that is a correction we want.
- FTC case page: Warrior Trading, Inc., FTC v. (matter 2023198)
Read in full; archived as docs/archive/warrior-trading/2023-01-10-warrior-trading-ftc-case-page-warrior-trading-inc-ftc-v.html. Names the defendants, docket 3:22-cv-30048, and lists the final order of 26 May 2022 and the case documents.
Not established by this document: The page shows “Last Updated January 10, 2023” and a stale “Case Status Pending”; the docket controls.
- FTC v. Warrior Trading, Inc., No. 3:22-cv-30048 (D. Mass.): docket
Read in full; archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-courtlistener-docket-ftc-v-warrior-trading-3-22-c.html. Complaint filed 19 April 2022; consent judgment entered 25 May 2022 (Doc 6); no later entry.
- FTC complaint, FTC v. Warrior Trading, Inc. et al. (PDF)
Read in full; archived as docs/archive/warrior-trading/2022-04-19-warrior-trading-ftc-complaint-warrior-trading.pdf (.txt). Paras 7 to 10: Delaware and Nevada entities, the 20 September 2019 merger, Cameron’s offices. Para 25: revenue January 2018 to March 2021. Paras 32, 33 and 37: the quoted ads. Para 53: the 2020 disclaimer and that it was visible only on scrolling. Paras 62 and 63: disclaimers ineffective and reinforcing. Para 82: 74% of simulator accounts lost money. Paras 84 and 85: Broker Rebate Program and broker data.
Not established by this document: Allegations only; the case settled by consent with no admission.
- Stipulated Order for Permanent Injunction, Monetary Judgment, and Other Relief, as entered (PDF)
Read in full; archived as docs/archive/warrior-trading/2022-05-25-warrior-trading-stipulated-order-entered-doc-6-warrior-trading.pdf (.txt). Finding 3: neither admit nor deny. Sections I to III: permanent injunction on earnings claims, misrepresentations and telemarketing. IV.A and IV.B: $3,000,000 judgment, payable within 30 days, no suspension. IV.D: complaint facts taken as true in later FTC litigation. VI.B: order delivery for 5 years; VII.B: compliance notices for 10 years; X: retained jurisdiction. Defines the Individual Defendant as Ross P. Cameron.
- FTC press release: “Federal Trade Commission Cracks Down on Warrior Trading for Misleading Consumers with False Investment Promises”
Read in full; archived as docs/archive/warrior-trading/2022-04-19-warrior-trading-ftc-press-release-warrior-trading-crackdown.html. “According to the complaint, the vast majority of customer accounts actually lost money”; Commission vote 4-0; thanks the SEC’s Division of Economic and Risk Analysis for analysis of trading data.
Not established by this document: Its own reference to the “Western District of Massachusetts” is wrong; the court is the District of Massachusetts, Western Division.
- FTC consumer alert: “Day trading earnings weren’t the payday Warrior Trading promised”
Read in full; archived as docs/archive/warrior-trading/2022-04-25-warrior-trading-ftc-consumer-alert-warrior-trading.html. The FTC’s plain-language summary for consumers.
- FTC press release: “FTC Returns More Than $2.9 Million To Consumers Harmed by Warrior Trading”
Read in full; archived as docs/archive/warrior-trading/2023-01-10-warrior-trading-ftc-press-release-2-9-million-refunds-warrior-tra.html. Payments totaling more than $2.9 million to 20,402 people, administered by JND Legal Administration.
- FTC: Warrior Trading Refunds (second payment)
Read in full; archived as docs/archive/warrior-trading/2024-11-warrior-trading-ftc-refunds-page-warrior-trading-second-payment.html. Headed November 2024: the first round “resulted in more than $2.4 million in refunds”; the second sends 17,121 payments totaling over $410,000.
Not established by this document: Does not say whether the fund is closed.
- FINRA Regulatory Notice 26-10: FINRA Adopts New Intraday Margin Standards to Replace the Day Trading Margin Requirements
Held as a text extraction, docs/archive/warrior-trading/2026-04-20-warrior-trading-finra-regulatory-notice-26-10-text-extraction.txt, because finra.org served a bot challenge. Replaces “in their entirety” the day-trading margin requirements including the $25,000 pattern-day-trader minimum; effective 4 June 2026, phase-in ends 20 October 2027.
Not established by this document: A FINRA rule (Rule 4210), not a federal statute; brokers may apply their own minimums.
- SEC Release No. 34-105226: order approving FINRA’s intraday margin rule change (PDF)
Archived as docs/archive/warrior-trading/2026-04-14-warrior-trading-sec-order-approving-finra-intraday-margin-replaci.pdf (.txt). SEC approval of the FINRA change replacing the pattern-day-trader requirements.
- SEC: “Day Trading: Your Dollars at Risk”
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-sec-day-trading-your-dollars-at-risk.html. “Most individual investors do not have the wealth, the time, or the temperament to make money and to sustain the devastating losses that day trading can bring.” Free risk education with no connection to the company.
- Fortis v. Warrior Trading, Inc., No. 2:19-cv-00627 (E.D. Cal.): notice of removal (PDF)
Archived as docs/archive/warrior-trading/2019-04-12-warrior-trading-fortis-v-warrior-trading-notice-of-removal.pdf (.txt). Describes Warrior Trading, Inc. as a Delaware corporation with its principal place of business in Great Barrington.
- Fortis v. Warrior Trading, Inc.: memorandum and order of 4 November 2019 (PDF)
Read in full; archived as docs/archive/warrior-trading/2019-11-04-warrior-trading-fortis-v-warrior-trading-memorandum-and-order.pdf (.txt). Records that the plaintiff served as chief operating officer and was a shareholder; the dispute concerned repurchase of his shares under a shareholder agreement with a Delaware arbitration clause; case stayed pending Delaware Chancery No. 2019-0140.
- Fortis v. Warrior Trading, Inc., No. 2:19-cv-00627: docket
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-courtlistener-docket-fortis-v-warrior-trading-2-1.html. Stipulation of dismissal; order of 16 August 2021 dismissing the action with prejudice, each side bearing its own fees.
Not established by this document: The Delaware Chancery and arbitration records were not retrieved; no merits finding either way is on this docket.
- Warrior Trading, Inc. v. Jaffee, No. 1:19-cv-20121 (S.D. Fla.): corporate disclosure statement (PDF)
Archived as docs/archive/warrior-trading/2019-02-04-warrior-trading-corporate-disclosure-statement-ja.pdf (.txt). States that Ross Cameron owned 90% and a second shareholder 10% of Warrior Trading, Inc.’s common stock in February 2019.
Not established by this document: The current ownership split is not in any public record found; the company’s FAQ says the founder owns it.
- Warrior Trading, Inc. v. Jaffee: consent permanent injunction and final order (PDF)
Archived as docs/archive/warrior-trading/2019-08-05-warrior-trading-v-jaffee-consent-permanent-injunc.pdf (.txt). The company’s own defamation suit over two 2018 YouTube videos, one titled “Warrior Trading SCAM & FRAUD Ross Cameron scam FAKE REVIEWS”; ended by a consent permanent injunction barring republication.
Not established by this document: A consent injunction, not a court finding on whether any review is genuine.
- Doty v. Cameron, No. 3:24-cv-10743 (D. Mass.): docket
Read in full; archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-courtlistener-docket-doty-v-cameron-3-24-cv-10743.html. An investor who lost more than $370,000 after WhatsApp messages from people claiming to be Cameron sued him and the company; the court granted the motion to dismiss and dismissed the case on 28 July 2025, holding he had not plausibly alleged the defendants were the senders. Notice of appeal filed; First Circuit No. 25-1910.
Not established by this document: Re-read 28 October 2026 (CourtListener last updated 2 October 2026; copy in docs/archive/warrior-trading/): the last entry is still no. 44 of 25 September 2025, the USCA case number, with no mandate or appellate judgment. The First Circuit docket itself was not read.
- Doty v. Warrior Trading, LLC, No. 1:24-cv-10662 (D. Mass.): docket
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-courtlistener-docket-doty-v-warrior-trading-llc-1.html. Filed 18 March 2024, diversity contract action; no entries in the public RECAP archive.
Not established by this document: Disposition unknown without PACER.
- Chague, De Losso and Giovannetti, “Day Trading for a Living?” (FGV EESP working paper TD 525, PDF)
Read in full; archived as docs/archive/warrior-trading/2019-11-warrior-trading-chague-de-losso-giovannetti-day-trading-for-a-living.pdf, byte-identical to the Wayback capture of 30 May 2026. Brazilian mini-index futures, individuals who began 2013 to 2015 and day traded on more than 300 days: 1,551 people, 97% lost money, 47 (3.0%) profited, 17 (1.1%) earned more than the Brazilian minimum wage.
Not established by this document: About Brazilian futures traders, not this company’s customers. Peer-review status not checked.
- FGV repository record for “Day Trading for a Living?” (TD 525)
Archived as docs/archive/warrior-trading/2020-02-warrior-trading-fgv-repository-record-day-trading-for-a-living.html (rendered DOM; the Wayback copy holds the server-rendered page). Issued 2020-02, series TD 525.
- Barber, Lee, Liu, Odean and Zhang, “Do Day Traders Rationally Learn About Their Ability?” (working paper, PDF)
Read in full; archived as docs/archive/warrior-trading/2017-10-warrior-trading-barber-lee-liu-odean-zhang-do-day-traders-rationally.pdf, byte-identical to the Wayback capture. Taiwan Stock Exchange data: aggregate day-trader performance net of fees is negative, and “more that 75% of all day traders quit within two years”.
Not established by this document: About Taiwanese day traders, not this company’s customers.
- Warrior Trading: Trading Courses & Memberships (company pricing page)
The company’s own page. Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-memberships-pricing-page.html (.txt); the Wayback Machine excludes warriortrading.com, so this local copy is the only preserved one. List prices $997, $3,997 and $6,202 with coupon prices $598, $2,398 and $3,721 under a “40% off” banner and “Sale ends in” countdown; Dash $197 or $247 with simulator, $147 or $197 without; Live Stream & Chat $147; simulator $97; member badges from “$50K+” to “$2.5M+ in profits”; the footer disclaimer.
- Warrior Trading: Disclaimer, Terms & Conditions, Refund Policy (updated 29 July 2026)
Read in full. Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-disclaimer-terms-and-refund-polic.html (.txt); the Wayback Machine excludes warriortrading.com. Automatic renewal; all payments non-refundable; cancellation by dashboard or confirmed email only, not by telephone; deletion and forfeiture on cancel; moderators may post real or simulated trades without saying which; staff may sell into viewers’ buying; Section 14 binding AAA arbitration in Boston, jury and class-action waivers, confidential awards; Massachusetts law. Names no legal entity.
- Warrior Trading: 7-Day Money-Back Satisfaction Guarantee on Membership Bundles
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-bundles-guarantee.html (.txt); the Wayback Machine excludes warriortrading.com. Seven days, any reason, only on specials that state it; one guaranteed membership per member; Pro access expands after the period or on an early waiver.
- Warrior Trading: Frequently Asked Questions
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-faq.html; the Wayback Machine excludes warriortrading.com. Says the company is owned by its founder; calls the founder’s statements “audited and verified broker statements” showing “over $20,000,000”; services “non-refundable unless” a guarantee or trial is stated; calls the $25,000 requirement a “misconception”; answers “What happened with Warrior Trading?” with the GameStop trades and no mention of the FTC.
- Warrior Trading: free day trading class sign-up page
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-free-day-trading-class-signup.html (.txt); the Wayback Machine excludes warriortrading.com. “Ross is a proven day trader who has turned $583 into $20 million trading on average less than 3 hrs per day”, followed by the reminder that his results are not typical.
- Warrior Trading: legitimacy page
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-legitimacy-page.html (.txt); the Wayback Machine excludes warriortrading.com. Founded 2012; chat room and first course 2014; charts built on TradingView’s engine; Cameron quoted saying independent examiners “audit my trading records”; a $19 two-week trial.
- Warrior Trading: Ross Cameron’s verified day trading earnings page
The company’s own claim. Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-ross-cameron-verified-day-trading-earnings-page.html (.txt); the Wayback Machine excludes warriortrading.com. labels 1 January 2017 to 31 December 2025 the “Audit Period”; “Total Gains as of the end of December 2025: $18,810,638”.
Not established by this document: The founder’s accounts only; says nothing about customers.
- Warrior Trading: Verified Earnings 2024 index
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-verified-earnings-2024.html (.txt); the Wayback Machine excludes warriortrading.com. Monthly statements and the link labeled “Independent Accountant’s Report of Ross’s Broker Statements (Audit Results)”.
- Warrior Trading: Verified Earnings 2026 index
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-verified-earnings-2026.html (.txt); the Wayback Machine excludes warriortrading.com. Statements January to September 2026, with the same “(Audit Results)” label.
- Warrior Trading: 2016 Verified Earnings Statements
Redirects to /verified-earnings-2016/. Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-verified-earnings-2016.html (.txt); the Wayback Machine excludes warriortrading.com. Shows statements from early 2016.
- SingerLewak LLP, Independent Accountant’s Report on Ross Cameron’s schedules of investment returns, 17 March 2026 (page 1, image)
Read in full; archived with all seven pages as docs/archive/warrior-trading/2026-03-17-warrior-trading-singerlewak-independent-accountants-report-p1.jpg and following. A Wayback save was accepted but playback is blocked because the domain is excluded. Examination under AICPA attestation standards, reasonable assurance, unmodified opinion that the schedules for 1 July 2020 to 31 December 2025 were calculated per the stated criteria; 2017 to June 2020 examined by other accountants (report of 12 October 2020); restricted to Ross Cameron’s use.
Not established by this document: An examination of return calculations, not an audit of financial statements.
- SingerLewak report, notes 3 and 4: calculation method (page 7, image)
Archived as docs/archive/warrior-trading/2026-03-17-warrior-trading-singerlewak-report-p7-notes-method.jpg; Wayback playback blocked by the domain exclusion. Returns use monthly net realized gain or loss “but excluding brokerage fees and interest income”.
- Warrior Trading: Day Trade Dash product page
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-day-trade-dash-page.html (.txt); the Wayback Machine excludes warriortrading.com. Member and non-member prices, including $247 a month for non-members.
- Warrior Trading: Day Trade Dash scanners page
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-day-trade-dash-scanners.html (.txt); the Wayback Machine excludes warriortrading.com. “Purchase Day Trade Dash as a standalone subscription, or add it on to our Memberships.”
- Warrior Trading: “How Much Money Do You Need to Day Trade?”
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-how-much-money-do-you-need-to-day.html (.txt); the Wayback Machine excludes warriortrading.com. Says the $25,000 requirement “is going away” under FINRA’s new framework and a margin minimum “can be as low as $2,000, but this minimum depends on broker rules”.
- Warrior Trading: “How To Get Around the PDT Rule”
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-how-to-get-around-the-pdt-rule.html (.txt); the Wayback Machine excludes warriortrading.com. Lists five workarounds, including “Using an Offshore Broker”.
- BBB business profile: Warrior Trading Inc., Great Barrington, MA
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-bbb-profile-warrior-trading-inc-rendered.html (.txt); not in the Wayback Machine (Save Page Now failed twice on 19 October 2026). A+ rating, accredited since 2 July 2025, business started 8 November 2010, incorporated 22 December 2017; lists Cameron as founder and CEO and a Director of Operations. A private ratings body’s view.
Not established by this document: Complaint counts were not in the rendered text.
- Trustpilot: Warrior Trading reviews
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-trustpilot-warriortrading-com-rendered.html (.txt); not in the Wayback Machine (Save Page Now failed twice on 19 October 2026). 2,773 reviews, TrustScore 4.8; 2,556 five-star, 131 four-star, 28 three-star, 18 two-star, 40 one-star; profile claimed 2016 and using paid features. Aggregated consumer sentiment, not a finding.
- WWLP: “Warrior Trading ordered to refund investors after false gains claims”
Archived as docs/archive/warrior-trading/2022-05-04-warrior-trading-wwlp-warrior-trading-refund-article.html; not in the Wayback Machine (Save Page Now failed twice). Posted 4 May 2022, updated 6 May 2022 with the correction that “Warrior Trading has not been charged and instead received civil allegations”.
- Trade Ideas: pricing and review page
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-trade-ideas-pricing-review-page.html; the Wayback capture of 20 October 2026 differs only in cache-busting asset versions. “TI Standard: $127/month or $1,068/year ... TI Premium: $254/month”.
Not established by this document: An older Warrior Trading page called the company an educational partner of Trade Ideas; whether any relationship continues is unknown.
- TC2000 pricing, as listed by Liberated Stock Trader
Archived as docs/archive/warrior-trading/2026-10-19-warrior-trading-liberated-stock-trader-tc2000-pricing-rendered.html. TC2000 Basic $24.99 and Premium $49.99 a month.
Not established by this document: A third-party pricing page, not TC2000’s own.
- First Circuit opinion search: case number 25-1910 and short title “Doty”
Saved as docs/archive/warrior-trading/2026-10-28-ca1-opinion-search-case-number-25-1910.html and 2026-10-28-ca1-opinion-search-title-doty.html. Both searches return “No results matched your query.”
Not established by this document: The search covers opinions the court posts; it is not the appellate docket, which was not read.
What we could not get
- Who owns the company today. A February 2019 court filing put Ross Cameron at 90% and a second shareholder at 10%; the company’s FAQ now says the founder owns it. No public record of a later share purchase was found.
- The outcome of the appeal in Doty v. Cameron (First Circuit No. 25-1910), which has no decision on the First Circuit’s opinion search as of 28 October 2026, and the disposition of Doty v. Warrior Trading, LLC (No. 1:24-cv-10662), which has no public docket entries.
- Whether the FTC redress fund is closed, and the content of any compliance reports filed under the order; those go to the FTC and are not public.
- State attorney general and Massachusetts Securities Division records were not read: on 28 October 2026 the Securities Division’s enforcement list and the Massachusetts government site refused automated access. The statement that no other government action exists rests on federal court records and the FTC case page only.
- The BBB complaint count and pattern, which were not in the rendered profile captured on 19 October 2026.
- Whether Warrior Trading still has a relationship with Trade Ideas, which an older company page called an educational partner.
- Whether the “Day Trading for a Living?” paper has been published in a peer-reviewed journal.
Not advice
This is independent analysis for decision-making, not legal, financial or investment advice. Allegations reported by third parties should be verified against primary court and regulatory records before any decision.
Researched by Claude. Reviewed by an editor.
Every report is researched and written by Claude, Anthropic’s AI assistant, from the company’s own plan documents, policies, terms and regulatory file - then reviewed before publication by Rob Fore, who checks the sources and the stage-label on every allegation.
- Nine weighted dimensions, published with their weights
- The editor checks the evidence and cannot change the number - the build rejects any page whose grade does not reconcile to its own arithmetic
- Every affiliate position we hold is disclosed on the report it touches
- No company has paid for a grade, and no report carries an affiliate link
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Warrior Trading - frequently asked
QDid the FTC shut down Warrior Trading?
QIs Ross Cameron personally bound by the FTC order, or just the company?
QCan I get a refund from Warrior Trading?
QDoes Warrior Trading publish what its members earn or lose?
QDo I still need $25,000 to day trade?
Author, editor and publisher
This report was researched and written by Claude, Anthropic’s AI assistant, working from primary documents - Warrior Trading’s own compensation plan, its policies and procedures, its terms of service, its income disclosure statement where one exists, and its regulatory and self-regulatory file. It was scored against nine weighted dimensions that are published in full, with their weights, on the methodology page.
Before publication it was reviewed by Rob Fore, who checks every source link, every figure against the document it came from, and every allegation against its stage-label - an investigation is not a finding, a warning letter is not an enforcement action, and a filed claim is not a verdict.
The editor does not set the grade. The published score is the weighted composite of the nine dimension scores, and the build refuses to emit a page where the two disagree by more than 0.06. A grade moves when the evidence moves it and not otherwise.
Rob Fore has marketed online since 1996, wrote Online MLM Marketing (2014), and is CEO of Listech Inc, the Nevada corporation that publishes this site. He holds affiliate positions in companies graded here - including LiveGood, which this site grades D, SendOutCards, which it grades C−, and the Home Business Academy, which it grades B−. Those positions are disclosed on the reports they touch, and changed nothing on this page.
About the author and our conflicts · Contact the editor · Corrections: corrections@opportunitygrade.com
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Corrections
Every factual claim on this page is sourced, and the ones we could not stand up are named in the unable to verify list above. If something here is wrong, we want to know, and we would rather hear it from Warrior Trading than from a reader.
Write to corrections@opportunitygrade.com. Point at the specific sentence and send the document that contradicts it - a plan document, a filing, an income disclosure, a policy page. We will check it against the primary source, correct the page if it is wrong, and keep a dated record of the change. A grade moves if the evidence moves it.
This address reaches a person, not a form. We do not require a takedown demand, an NDA or a lawyer to accept a correction, and we do not remove a report because a company disputes its conclusion - only because the underlying facts turn out to be wrong.