For this Elite Swing Trader review, we have uncovered inconsistent details that you can’t find anywhere else. Is this $47 trading system actually a steal?
Trading has its inherent risks but should you risk your $47 just to try this product?
An Elite Swing Trader System Review: Summary
Product Name: Elite Swing Trader System
Owner/s: Tan Wee Leong & Ang Lin Sie
Prices: $47
Overall Rating: 3/100
Recommended: Not Recommended
What Is
Elite Swing Trader System About: A trading signal system that could be integrated in MetaTrader 4 platform.Summary:
Due to unexplained change in ownership of products and websites associated with it, it’s has a tainted reliability score. While it’s currently under a legitimate company in Malaysia since 2018, it still has to present verifiable evidences of its effectiveness and authenticity.
What is Elite Swing Trader System About?
In this
For now here is a screenshot of the header of their website: eliteswingtrader.com
So basically, the website has a very long sales pitch up on its page to convince you that swing trading is more profitable than day trading. Then along the way it offers you a “trading product” that could help you in your swing trading journey for only $47!
So is Elite Swing Trader truly a steal or will you be giving away your $47 to oblivion?
Reality Behind Elite Swing Trader
According to the very long sales copy on their homepage, what they are offering you is not a trading robot but instead a manual system that would provide you signals that you can manually put into as entry and exit triggers. It also mentioned that you need to use MetaTrader 4 for it to work.
In my years of trading I know that swing trading is truly a lot less stressful than day trading, but the success of both trading techniques depend on the actual entry and exit points. Later in this article you’ll see if Elite Swing Trader is actually rooting for swing trading for real.
So what is Elite Swing Trader truly about? In my initial evaluation of its sales page, I believe it’s a system with signals for entry and exit points. But is it profitable? Has anyone actually used it?
People Behind Elite Swing Trader System
When you click on the product to try and purchase it it will take you to a merchant page hosted in JVZoo and under the page you’ll see some details about its vendor:
Now we have a name to fully investigate this system.
William Tan
It seems like William Tan is an established trader with his verified trading profiles up on his website.
We know for sure that this is the William Tan we’re looking for because under the long sales page of Elite Swing Trader System is a mention of the same website that is in his LinkedIn profile.
But I found on his Terms and Conditions page that he is also under a company called: Strategy Mastery Sdn Bhd.
So being a really inquisitive person I tried to check out the company if it’s truly registered in Malaysia.
Strategy Mastery Sdn Bhd.
Since their product involved trading that serves as forex advice, it would be intuitive that they should have been registered first as a real company and here’s what I found:
You can verify these information from their document on https://www.ssm-einfo.my/ which is Malaysia’s directory for checking corporate registrations.
We see here that company was incorporated just last 2018, but in their long sales pitch they mentioned that they have been selling the system since 2009…
Plus it’s not quite consistent with his LinkedIn profile details:
Also according to the document we have accessed about their company details, I found out that his name is not actually William Tan!
It’s not uncommon to use a different name that their actual name especially for Malaysians, Chinese and other Asian countries. It’s also a bit of relief to know that they are a registered company in Malaysia. But here’s what I found next.
It happened that William Tan is also the one behind 60secsscalping.com!
60 Second Scalping
When I found out that he is also the owner of this product I realized that William was indeed targeting users that are keen on focusing on a certain trading strategy (scalping/swinging) and he made two different products so he could cater to the two types. He also offers this for $47.
A Deeper Look Beyond Elite Swing Trader System
And then I realized that William is actually selling his MetaTrader templates! But then I also realized that there is actually a “William Template” in MT4 that traders use which is a famous technique and signals from a famous international trader Bill Williams.
Truth is the Bill William’s template is easy to copy to your MT4 account, you won’t even need to pay for $47. But I believe that a $47 offer would truly be enticing for newbie traders and those not familiar with MT4 and other trading strategies.
But aside from possibly selling an existing template, here’s another inconsistency that I found.
Domain
He previously mentioned that they have been selling their technology since 2009 and aside from inconsistencies in his LinkedIn profile and his company being incorporated just last 2018, I also found that the website was created just last 2019!
More Inconsistencies!
Just as we had a lot of inconsistencies presented here are more.
When I looked for an archived page of Elite Swing Trader website, I found out that it has been up since 2010. So that would mean that it’s likely that it’s either that it has changed owners or it may have expired that the domain name became available again and was only purchased last 2019.
But when I looked into the archived old page from 2010, it had the same content but a different owner:
The page was then owned by an Andrey Lubchenko and offered the product for $87
And 60 Seconds Scalping is just the same! I found out that it has been archived since 2015 and it used to be a sales page by an Average “Joe” Parker and sold the product for $47 since then. William Tan’s website was already mentioned in the footer from the 2015 archived page of 60 Seconds Scalping:
And when I checked the Terms and Conditioned of the archived Forex Strategies Work website, I found out that it was not operation under any company and it mentioned that it’s under the laws of United States of America:
When you try to look into the TOC page of the website now, you’ll see that it’s now under the laws of Malaysia!
Now when you Google for Andrey Lubchenko here’s one of the results that you may find:
Now we ask the following questions:
1. Is Andrey Lubchenko the same person as Wee Leong Tan (William Tan)?
2. Are they real people or just actors that were given personas?
3. Is Elite Swing Trader System then a real product under a different owner or is it a long running con?
What does Elite Swing Trader System Offer?
Elite Swing Trader System claims that they are not a robot, but I believe and as consistent with the long sales pitch they had that what they are offering is a a trading signal product that could help determine entry and exit points for swing trading.
They claim that it’s not a trading robot, and it’s a manual system and for some reason I found a PDF file that was supposed to help those who acquired the product on the step by step set-up of the system here’s a glimpse:
As long time trader I know for sure that newbies and those trying out trading for the first time they wouldn’t understand most of those written in the file because they didn’t offer any initial explanations or any simple overview about the terms used. You can go see for yourself. They didn’t even mention what a candlestick is!
Claims
As I read the “manual” I can’t be sure if it’s a legitimate profitable system as I haven’t tried it, but it’s something that you can apply without a product for $47 but if you are familiar with the terms used and the indicators, it’s something that you can try for your own.
It was mentioned on their long sales page that they don’t offer any refund policy.
Can You Make money with Elite Swing Trader System?
We’re not really sure as there seems to be a lack of user reviews about it, but I found an old thread way back 2010 about trying out the system and according to the experienced traders there:
Well I do agree that even if you have your EAs, trading signals and templates, it is your due diligence to not use it as a stand alone system.
Elite Swing Trader System Reviews and Online Testimonials
Is Elite Swing Trader System Legit?
With all the unexplained inconsistencies, I can only say that it’s under a legitimate company that is registered in Malaysia. But with regards to the quality and legitimacy of the product, I can’t say for sure.
One thing I know as a marketer is that when a product is truly effective, it would have its long list of good reviews not just written articles but also different thread discussions. Plus for a product that has been existing for years, it should have already marked a reputation for being legitimate if it was an actual effective product.
Pros
- None
Cons
- Unexplained change of owners
- Lack of credible social proof and noise, only have a few articles recommending it
- A long-standing product that has not created a big following
Is Elite Swing Trader System A Scam?
Just to be fully transparent with you, I am not an Elite Swing Trader System myself and I do not endorse it in any way.
I have researched the website, testimonials, and information on the Internet to get to the bottom of what
Elite Swing Trader System genuinely does. This is because I have been burnt from programs just like this in the past and I want to prevent others from making the same mistakes. If you’d like to learn Ways to Avoid Online Scams then click the highlighted text.[Final Say] Is Elite Swing Trader System a Scam?
Honestly, it could be a case of a badly marketed product. We can’t know for sure if it’s an effective trading system as it has mentioned because for years of being in the market it has not yet created a wave of approval from common bloggers and people.
It’s also a bit fishy that there was a stark change in the owner of the Elite Swing Trader System, 60 Second Scalping and the Forex Strategies Work website which seems like it’s a bundled persona and products. We’re not sure yet if it’s a legitimate product and people and it’s something that should be addressed if they want to veer away from being marked as a probable scam.
Verdict: Not a recommended product due to inconsistencies and unexplained change of ownership.
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Louee Gonzales has been writing for 4 years now and is a self-confessed coffee-powered content specialist. She enjoys creating valuable investigative articles for EFYL. If she’s not writing, she’s usually taking on small SEO and SMM projects, painting, reading a new book, or travelling somewhere fun.
She has a degree in Psychology, and quick fact: she can’t read your mind. She has authored articles on School of Positive Transformation.
This Blogpost is originally from Elite Swing Trader System | 99% of other Reviews Haven’t Seen These Details Yet
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