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DBroderick
March 30, 2012
OTA London - update
I recently had contact with OTA USA & was informed that OTA London (a franchise owned by Redahead Limited) had been sold to the USA group. Well, all I can say is what a breath of fresh air! The new management team, led by Gene Longobardi, Chief Operating Officer actually LISTENED to my issues & were keen to resolve them, without the need for legal intercourse with the British Judicial system!
After a bit of negotiation, I was refunded most of the fees paid & even given an extended access to their XLT Advanced Traders Online Program - something I'm quite happy about, since learning to trade better in order to help me write more sophisticated automated & semi-automated rule-based trading systems on Tradestation or Bostom Technologies platforms was always my ultimate goal.
During proceedings, I even ended up forming good contacts with senior management at Odin CM, something that I'm sure will bear fruit in the future. If the MTA Europe will now allow me membership, since the case with their senior guy has gone, then it could be a win-win for all concerned.
In summary, it appears the old saying is true; A new broom does sweep clean! If you've had issues or reservations about OTA in the past, I suggest you take another look at them - because if my case is an example of how they have changed attitude to customers, then they must have some super offerings coming up in the future.
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DBroderick
March 28, 2011
Trainee Hedge Fund Manager Course
OTA London sent out an email flyer advertising a course "Your Chance to Find Out How Trading A Hedge Fund Could Earn You a Living". It was initially held between 11am - 3pm, on Wednesday, 22nd December, 2010 at their offices at 10 Greycoat Place, Victoria, London, SW1P 1SB, United kingdom and was supposedly sponsored by ALEX SPIROGLOU, Investment Manager for Odin Capital Management and STEVE BEAUMONT, Professional Forex & Futures Trader and Online Trading Academy Instructor. My business partner & I attended. The presentation was OK but what really intrigued me was the offer of working with a real, high quality Hedge Fund manager, ALEX SPIROGLOU, plus the offer of 2 trainee Hedge Fund Manager posts, with ODIN, being available at the end of the course! At the time we were still re-financing our business, so couldn't really afford the £12K fee they quoted & were about to leave when Issam Romnani, the Managing Director
Online Trading Academy UK, offered us a deposit & part-payment option. We went away, sorted out bank loans & I later attended the first FOREX course in January 2011, which was basic & drawn out for the purposes but I decided to "endure", as the end potential justified the "suffering". During the second course, FUTURES, held in their St. Albans office this time, I was verbally attacked by Sam Evans, their appointed lecturer, for being too "inquisitive" about some of the trading techniques he employed as a "successful trader & fund manager" as he was promoted - this was later followed by more abuse from my class mates for complaining about the tutor's aggressive stance toward me. In the end I couldn't stand the atmosphere being generated around me, so I went to Issam & told him of my experiences & my wish to leave the course & illicit a refund. To this day, Issam & OTA London are still arguing that it was "all my fault" & refusing to refund any of the monies paid.
Once OTA have your cash, they DO NOT like to part with it!!
I will most likely have to resort to resolution through the UK courts.
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