Steven Dux. Steven Dux review. David Jaffee with BestStockStrategy.com and
in this video we are going to examine whether Steven Dux is a scam whether
he is a fraud and what my thoughts are in this Steven Dux review. Remember
everything that I say is my opinion do not take anything that I say as fact
additionally I'm going to create an additional video that provides evidence
to back up my thoughts on Steven Dux in my opinion Steven Dux is a complete
scam and fraud some of the reasons why I believe that is that he day trades there
have been numerous studies one from Brazil and additionally another one in
Hong Kong that states that virtually 100% of day traders lose money and the
very few statistical outliers who do not lose money are making less than minimum
wage the only people who day trade who actually make money are in my opinion
those who are engaging in pumping and dumping so they have a large audience
they group them together in a discord chat or in a telegram chat and then they
plant people in these chats that act like they are actually profiting from
the fake gurus recommendations that way when you an unsuspecting regular patron
and regular customer lose money it makes you feel bad because everyone else is
providing the perception that they are making money and you are the only
outlier in reality all of the paying customers in my opinion lose money
because that's what in the scientific research indicates and Steven Dux
it's possible that he makes money but if he does it is via pump-and-dump
which means that he makes a recommendation to his followers who then
buy up the the small low cap low float stock in which he is then selling his
shares back to his subscribers so he might be profiting from pump-and-dump I
am NOT saying that he does that because I am Not sure but I'm going to provide
you with my thoughts on Steven Dux said in my opinion he is a complete
fraud and scam artist he claims that he has audited returns
which are not true the broker that he uses I believe it's
sure trader or one other one it might not be sure trader but it's actually
like the the starter the president of the company attested to the trading
results of seated Steven Dux which really doesn't make any sense as many of
you guys know sure trader was actually shut down and a lot of the people who
invested funds in sure trader will end up or could potentially end up losing
their money so for Steven Dux to encourage his people or and for him
himself to actually have an account in a less than legitimate brokerage account
that is a huge red flag so again by him saying that he has audited returns or
that his returns have been verified it is not true because there is a direct
and strong conflict of interest that the person who is vouching for steven Dux
is propensity to be a consistently profitable trader is the exact person
who has an interest in claiming that steven Dux is legitimate and
additionally you would never hear the CEO or the founder of a trader TD
Ameritrade vouch for the veracity of one of their traders what is likely
happening is that steven Dux is recommending so many people to this
platform that it is in the interest of the platform to recommend and prop up
steven dux because the higher they can prop up steven Dux the more people are
going to open accounts with that shady and illegitimate brokerage the next
reason why I don't believe Steven Dux is legitimate besides the fact that he
day trades besides the fact that he is working and referring and using an
illegitimate brokerage is that he is a disciple of Timothy Sykes who in my
opinion is the biggest fraud and scam artist in the financial education space
so those three things are major red flags yes I know that trainingschools.org
had a glowing review of Steven Dux but in my opinion Steven Dux tricked
Emmett by submitting to him fake and false information
maybe he potentially like revised the documentation but again in my opinion
and everything I say is my opinion Steven Dux is a complete scam and
fraud and I'm going to go through a screen recording that provides more
substantial evidence that validates my opinion on why I believe that if you
join Steven Dux in all likelihood you are probably going to end up losing a
ton of money David Jaffe with bestop's riot accom please leave a comment below
and let me know your thoughts on whether you believe Steven Dux is legitimate
or whether you believe he's a fraud I respond to everyone's comment so please
leave a comment below I received a message about how Steven Dux is
apparently legitimate which i think is ironic because Steven Dux falls under
the same umbrella as Timothy Sykes and I mentioned how one of Timothy Sykes
associates told me that he had that he had audited financials which turned out
to be false when I called the company they hadn't
heard of him and additionally it was not an audit so I looked into the documents
provided by Steven Dux and I emailed this else lssaundersandco@batelnet.bs
Bahamas now obviously is a huge red flag that their "auditor" or
accountant is located in the Bahamas but you know I wanted to give this guy a
benefit of the doubt because I can always be wrong and you know no one's
perfect so maybe he just decided to get his financials audited by an accountant
who's in the Bahamas even though in my opinion the Bahamas is known for running
a lot of scams but all right whatever I give these guys benefit the doubt so I
said have you audited Steven Dux trading history can you email me the
full audit and also a copy of your CPA credentials I did not receive a response
even though to be fair I emailed them yesterday so I will update you if this
guy responds but I BCC someone and then I received a response from that person
with this link and let me run you through what this link says it says we
congratulate 25 year old exchange student trading Sivan on attempting to
have a CPA quote unquote audit his trading profits I think that guru leaks
here is being a little bit facetious and sarcastic only question we have is why
did you choose a CPA in the Bahamas who is also the chief compliance officer at
your brokerage trade zero in my opinion trade zero is not legitimate I've said
this before trade zero sure trader these are not legitimate brokerages in my
opinion and lo and behold just a few weeks ago like two or three weeks ago
sure trader was actually shut down even though it was located offshore and I do
believe that there's a decent probability that trade zero is also
going to get shut down so again this is Steven Dux has
attempted to get his his trading history quote unquote audited by the co-ceo o of
the not G Co rather the chief compliance officer at his brokerage as I've said
trade zero in my opinion is not legitimate let's look at these at these
documents so we have Chartered Accountants so I emailed him and I want
a copy of his of his CBA credentials to see if he's credentialed in the United
States opinion it doesn't say audit here nineteen months okay so you have LS
Saunders this look as someone who used to be an investment banker who worked at
numerous firms actually legitimate firms you know I worked at CIBC World Markets
I'm Morgan Stanley and at pesky prune a this letter looks like something that is
false but I mean lo and behold let's just give these guys let's give him the
benefit of the doubt okay so you have this then you have so L Sidney
Saunders trade zero he is a he is the chief chief compliance officer at trade
zero so obviously he's conflicted and he has a major conflict of interest here
where it seems to me like Steven Dux is generating significant revenue for
tradezero and he's acting as an affiliate for Tradezero I would not be
surprised if Steven Dux is acting as an affiliate of TradeZero and as a
result TradeZero they reap substantial benefits by making sure that Steven
Dux looks good now in my opinion as I've said before Tradezero is not is
not legitimate it's the same thing as sure trader which has gone under and I
definitely do not believe that tradezero is legitimate so again else Sidney
Saunders is an officer with tradezero and he said my first audited brokerage
account statement there will be more coming and then you can see here are his
audited results but again tradezero is not legitimate you have and to add to
the fact that Steven Dux in my opinion is doing something incredibly
shady one he's getting his financial statements quote-unquote audited by
someone who was in the Bahamas who's not in the United States - he's getting his
he's getting his statements audited quote-unquote by someone who has a major
and huge conflict of interest was an officer at trade 0 who's actually the
chief compliance officer and else Sidney Saunders
he's a apparently a CPA but he's the chief compliance officer at trade 0 so
if that's not a usual red flag where he's actually an officer of the company
and in my opinion they have some type of affiliate relationship where Steven
Dux is generating revenue and the third thing is just simply that in my
opinion trade zero is not a legitimate brokerage it's not an e trade it's not a
TD Ameritrade, it's not a Schwab etc so I would highly recommend
that you run away from Steven Dux I do not believe that anything that he
produces is legitimate and thank you if you have any comments then leave a
comment or question below and let me let me know your thoughts about this video