Hailing from the trading floors of Goldman Sachs, Anton Kreil is a renowned character in the educational investing game. Once an in-demand trader at some of the world’s largest financial institutions, Kreil is now the managing director of the Institute of Trading and Portfolio Management, selling trading courses and online mentoring programs to budding new investors. Yet these courses come at a very high cost: for just one month’s access to his “proprietary” materials, the cheapest program comes in at $1,499, and if you’re looking for 12 month’s access, the price is a dollar short of $3k. Given his background and personal trading success, are these high cost courses really worth the price?
Anton Kreil’s educational company is targeted towards those with a desire to learn how to trade financial markets profitably and consistently, and most importantly, to learn how to trade to make a lot of money. Sounds pretty good, right?
However, the site doesn’t promise a ‘get rich quick’ option but instead aims to teach you via videos and other materials, through the purchase of one (or both) of the exclusive master courses. While the price is high, the programs claim to give you the secrets of making money in the financial markets taught by a professional who has been there and done it himself. Whether you are looking for a job as a trader at a high-profile Investment Bank or whether you wish to make it big as a solo trader, Kreil claims to teach you the skills necessary to become an expert.
Who is Anton Kreil?
He first came into the public eye as part of a British reality television series called Million Dollar Traders. The show, first aired in 2009, was loosely based on the “Turtle Experiment”, a test held by legendary commodity trader Richard Dennis to prove that anyone, not just those with a special gift for being able to spot a good trade, could become a professional-level trader. The show took 12 contestants from a variety of backgrounds to try and prove or disprove Dennis’ theory. Anton Kreil was hand-picked by creator Lex van Dam (a wealthy hedge-fund manager), to appear on the show as a manager and trading instructor for the contestants. The show is a highly entertaining 3 part series that is still available to watch on Youtube. Million Dollar Traders was a massive platform for Anton to launch his own day trading educational website to profit from the publicity and thousands of people looking to learn his strategy.
Kreil has been trading since the early age of 16 and is said to have been snapped up by Goldman Sachs at age 20, one year before graduating from University with a degree in Economics. After a couple of brief stints working at Lehman Brothers and JP Morgan, Kreil became a millionaire trader by his mid-twenties, allowing him the luxury of an incredibly early retirement and a level of financial freedom that most of us can only dream of, according to the TV show that made him famous. His current net worth is estimated to be around $10 million.
After leaving his life as a VP at JP Morgan, Kreil spent some time travelling the world and embarked on an adventure to determine his next steps in life. Upon his return home, he began his journey to become a trading educator to allow others to learn the secrets of his success, following what he believes is his true calling.
Fun fact – he is currently based out of Singapore with his wife, Meng Jiang, who is the owner of Panda Chow Chows. Her panda dog business attracted a lot of attention from media coverage on the Daily Mail and Huffington Post. Despite the controversy and claims of animal cruelty, her business has proven to be quite successful so far. She makes money from the venture by selling photo shoots, it’s a very strange niche business to say the least!
What’s Being Offered?
Since first operating in 2010, the Institute has taken students in from around the world, teaching them how to trade like professional traders at Goldman Sachs and JP Morgan. While the website may not be as flashy as you might expect from a multimillionaire ex-Wall Street trader, the site doesn’t hesitate to make bold claims such as “Welcome to the most comprehensive online Trading Education Courses available in the World.”
The Institute of Trading and Portfolio Management sells two online video courses:
- Professional Trading Masterclass
- Professional Forex Trading Masterclass
Each course can be bought at $1,499 for 1 month’s access, or $2,999 for 12 month’s access. If you’re feeling particularly flush with your cash and are keen to get the VIP experience, Kreil also offers trader mentoring programs (rumoured to cost upwards of $7,000) that provide the opportunity to work 1-on-1 with a Senior Trader Mentor. While it’s possible to have Kreil as your mentor, it looks unlikely. Within the Institute there are about 10 other experienced mentors such as Raj Malhotra, Jason Stapleton, Christopher Cathey, Tristan Edwards and Jason McDonald. The pricing for both programs should be changed because students will sign up for one month to save money and won’t have enough time to finish the training and fully absorb all the information.
What’s in it for Me?
While teaching you the technical analysis side of trading, this comprehensive course also supposedly offers a whole lot more than just what you can just find in a textbook.
The library of video lessons will teach you his investing approach, showing you how to day trade, how to make economic forecasts and how to perform company analysis, among other topics. The supporting PDFs and excel sheets accompany the video lessons, with the aim to ultimately build up knowledge for you to manage funds in a way similar to top down leveraged hedge funds. The goal at the end of the course, is for you to have learnt how to separate the important information from the noise.
Psychology is a big part of the training as well, with the program supposedly showing you how to make critical trading decisions at the right time; a must for any trader.
The problem that people don’t realize until they sign up, is that his courses aren’t so useful for retail traders. They are better suited for those who want to break into the investment banking world or the hedge fund industry. Kreil’s strategy is risk-adverse, he builds a long and short portfolio that hedge’s you against a crash or major correction. Making 8% a year is great when you’re managing a million dollar portfolio but when you’re a retail trader it’s chump change.
What’s his Track Record?
Unfortunately, none of Kreil’s trading records can be found online, nor can any credible data sources backing up his claims or any historical data on performance. Still, with a long list of testimonials on his site, there could be some truth to his claims. Unlike many others selling online trading advice, he has actually worked in a professional capacity for some of the top financial institutions in the world. Funnily enough, Kreil loves bash other educators such as Timothy Sykes, but at least Sykes isn’t afraid to show his track record.
Is Anton Kreil a Scam?
Anton Kreil is not a scam but his programs are definitely not worth the hefty price tags. Don’t be stupid and pay full price, you can easily buy and download his Forex course for less than $50 on eBay. All these fake traders on social media help Kreil stand out among the crowd and charge premium prices. There are 100’s of these charlatans online, posting photo shopped screenshots of how they’re making $1,000’s everyday in the Forex market. Instagram is littered with these scammers, selling Forex signals to gullible suckers, who fall for the fantasy lifestyle they portray in their photo’s. Kreil is also guilty of leveraging this marketing tactic, travelling to exotic locations and dining in luxurious restaurants. His team create short documentary’s that advertise his high-end mentoring programs, they are fun to watch but contain little or no education.
There are some negative reviews online of his service, TradingSchool.org bashed Anton Kreil, labeling him a fraud and a snake-oil salesman. While I agree with points raised in the review, it was way too harsh. It is not always the case that students will apply themselves properly or possess the necessary traits to succeed. It is up to the individual to use the information that he or she has, in a way that they see best.
Spending $3,000 on a course is certainly a risk and in no way guarantees that you will be successful by the end of it. The market is extremely unpredictable and people who sign up should know about the inherent risks associated with any type of stock market investing.
Through the Institute, Kreil aims to offer subscribers the tools to read and analyse the market properly, in a way that is accessible to the average Joe. While the course offers the prospect of becoming a successful investor, ultimately, there is still a large amount of risk involved in both the quality of the course and the results. Course or no course, it’s your call.