With support of more than 10,000 students, Online Trading Academy Reaches Agreement with the Federal Trade Commission

We're Looking Forward

Message from Eyal Shahar
Founder and CEO of Online Trading Academy

Online Trading Academy has been dedicated to helping students from all over the world get the education and develop the skills they need to navigate complex markets. We believe that high-quality education should not be reserved for the Wall Street elite. Our mission has always been and will continue to be to help people enrich their lives worldwide through exceptional financial education.

The FTC filed a complaint against Online Trading Academy regarding certain marketing efforts. . We are pleased to announce that we have reached a settlement agreement with the FTC. OTA respects the mission of the FTC but disagrees with many of their allegations. Nevertheless, OTA believes a settlement on terms it negotiated represented the most prudent decision, putting this dispute in the past and allowing us to get back to focusing our energies on serving our students.

In these uncertain economic times, we believe that access to exceptional financial education has never been more important.. And, therefore, we believed resolving this matter will allow us to shift 100% of our focus on what’s most important to us, our students.

If you would like to learn more about the background and events leading up to this settlement, please click here

Q&A

What happened?

In early 2019, Online Trading Academy was made aware of a broad investigative demand by the US Federal Trade Commission (FTC) to examine marketing and sales practices. OTA cooperated fully with the FTC for nearly one year. In February, Online Trading Academy filed a lawsuit to protect our students ability to continue to receive the education they deserve. We believed in our hearts that the best course of action would be to settle this dispute so we can focus on our students. We are pleased to announce that we have reached a settlement agreement with the FTC. We look forward to putting this chapter behind us and building a brighter for the OTA family.

What impact does this have on the education for our current students?

None. Our student support, instructors and center staff remain dedicated to providing exceptional financial education for all of our students. While we are confronting the COVID-19 pandemic, we are continuing to deliver classes on online and increasingly opening centers as local, state and federal guidelines permit.

What changes is Online Trading Academy making based on this experience?

We respect the mission of the FTC and the job that their professionals do. However, we disagree with some of their allegations. And still, we see any process like this as an opportunity to learn, grow and improve.

Although this matter is now behind us, we are dedicated to making a great company even better as we continue our mission to deliver world-class trading education for the average investor.

The settlement calls for certain changes to be made to our marketing practices, which of course we will comply with. But our standards are much higher. We seek to be the preeminent financial education company and aim for each of our students and prospective students to see in action our core values of innovation, passion, trust, respect, collaboration and love in each encounter with us.

What does this mean for the future of Online Trading Academy?

The future of OTA is bright. We are 100% focused on our students and helping them develop their knowledge and skills to invest and trading with confidence. We will continue to invest important educational innovations like on-demand learning and our game changing education, analysis and trading platform CliK.

Who would I contact if I have questions about the settlement?

Please contact your local center for more details.

Has OTA’s Mission and Purpose Changed?

We’ve always believed exceptional financial education should not be reserved only for the Wall Street elite. It should also be available to main street investors and the general public. Our mission remains the same, to enrich lives worldwide through exceptional financial education. This has been our guiding mission from the beginning and will not change.

Our business by the numbers

We have a lot to be proud of and our scale and positive impact are felt far and wide. In 2019, the scale of OTA’s education included:

  • Nearly 3,000 on-location classes delivered

  • 10,000 online education sessions concluded

  • Nearly 2.5M attendances at online sessions

  • More than 1M student hours spent in the MyOTA student portal, by more than 40,000 students from 176 countries

  • 40+ locations worldwide

  • More than70,000 students served

  • 94% average student satisfaction based on 197,000 exit surveys *

  • More than 90% student satisfaction with online eXtended Learning Track (XLT) sessions **

* Uploaded to OTA's website every Friday, unfiltered

** Based on 250,000 exit surveys.

About Online Trading Academy

Online Trading Academy (OTA) is the world leader in education for investors looking to build skills designed to help them manage risk and trade confidently. OTA’s step-by-step Core Strategy is designed to help educate traders and investors to make smarter investing decisions. Students learn from OTA’s knowledgeable instructors in an interactive classroom setting with extensive online education resources. The courses are geared toward individual investors or traders, novice or experienced, who want to learn how to use similar tools and trading techniques as the professional traders on Wall Street. From a single location in Irvine, CA, Online Trading Academy has expanded to 40+ worldwide campuses.

  • Great Place to Work® Award

    Great Place to Work®

    Online Trading Academy was certified as a great workplace in 2018 and 2019 by the independent analysts at Great Place to Work®.

  • Best Place to Work Award

    Orange County Register

    The Orange County Register named Online Trading Academy, a six-time winner, as one of the top workplaces in Orange County, California.

  • "Best" Awards in 4 Different Categories

    Forex Best Awards

    Online Trading Academy's educational content and leading educators have received FXstreet.com's Forex Best Awards every year from 2011 to 2018.

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