Larry Benedict claims that he can teach clients a one-of-a-kind investment strategy that will ensure the security of their money for many years to come. Is he making a sincere effort?
On the other hand, the reviews of Opportunistic Trader that I read on the internet assert that he is not being truthful throughout his statements.
There is a great deal of unfavorable feedback to be found on his $2,000–$4,000 items. They also claim that if you follow his advice, you will lose a significant amount of money, which is another reason why they do not recommend him.
My assessment of Larry Benedict includes the following, which includes both their complaints and Larry’s answers to them:
Introducing the Opportunistic Trader, Larry Benedict:
When opportunities arise, Larry Benedict owns The Opportunistic Trader, LLC. Since 2018, he has been at the helm of this company.
On this page, he boasts about how he built a community where traders of various skill levels and interests may come together. Traders may gather at The Opportunistic Trader to talk about trading tactics and the markets, according to the site’s marketing.
In addition, the traders of The Opportunistic Trader have an impressive record of success. The “Market Wizards” show supposedly features their traders as well.
Banyan Equity Management was founded by Larry Benedicte before he ran The Opportunistic Trader. He led the company for eighteen years.
His previous position was that of “Special Limited Partner” at Spear Leeds & Kellogg.
Larry seems to be a seasoned trader with a wealth of business knowledge based on his resume. But that’s not the narrative that emerges from the many Larry Benedict evaluations.
Reviews of Larry Benedict often paint him as a con artist who is uninterested in his pupils.
The following are excerpts from a few of the reviews:
Claims Made Against Larry Benedict in 2016:
Larry boasts about his extensive professional expertise, but his evaluations make it seem like he doesn’t put that knowledge to good use for his customers.
His many former customers, on the other hand, claim he is a con artist who takes advantage of you via deceptive advertising.
And that isn’t all.
Reviews for Larry Benedict show that he overstates his abilities and isn’t as knowledgeable as he claims to be.
For that reason, I felt compelled to include a few of those evaluations in this post. Reading them will prepare you for using The Opportunistic Trader.
“There is no faith in Larry Benedict.”
Within this review, Richard has rated Larry with a score of one out of five stars. In his opinion, everyone must have a fundamental understanding of professional investors.
As an example, Richard brings up the fact that Larry asserts that he has handled one billion money. Having said that, Richard considers it to be of no consequence.
He draws attention to the fact that the company that watches over his finances has more than five billion dollars under its supervision.
Experts such as Ken Fisher are responsible for managing more than ten billion dollars.
As a result, Richard believes that one billion dollars is not a remarkable amount of money.
In addition, he emphasizes that hedge fund managers often charge a fee equal to two percent of the assets for which their clients are responsible each year. They also charge their investors twenty percent of the earnings they make.
Richard wonders why Larry Benedict would quit such a rich sector to concentrate on selling a membership service for a very small amount of money. According to him, it completely defies logic.
As far as Richard is concerned, Larry’s success seems to have been limited to the early stages of his professional career. Richard, on the other hand, gets the impression from how he presents his service that he has not been very successful as of late.
Instead of falling for Larry’s narrative, Richard encourages others to avoid falling for it.
Scammed After Larry’s Trades Caused Customer to Lose a Lot of Money
Sidney mentions that he paid $2,000 for a year’s membership to the investing organization called The Opportunistic Trader.
Larry was supposed to provide him with SPX vertical credit/debit spreads.
Plus, he had assured me that I could use the money from my refund toward any of Omnia Research’s other memberships.
He stopped paying for Larry Benedict’s services after suffering heavy losses on his own.
Unfortunately, he was only able to modify his $2,000 membership to a “Jeff Clark GDX trading” program after he took this step. The program was only $29, and Sidney could only use the remaining credit once, therefore it was null and invalid.
They informed the reviewer that he had joined as a promotional offer and denied his request to use the credit to rejoin. Consequently, he would incur additional costs if he decided to join at this time.
A con artist and liar, according to Sidney, Larry Benedict is.
An Additional Review Labels Larry Benedict: A Swindler
According to this critic, Larry Benedict founded The Opportunistic Trader to defraud people.
According to him, Larry pushes you to lose all of your money on S&P 500 options. Its promise regarding “How to Retire with One Ticker” is false, according to the reviewer, since you will lose all of your money.
“The opportunistic trader lacks integrity. Watch out!
Using their 100% 30-day money-back promise, Damian claims to have paid $2,000 for a membership to The Opportunistic Trader.
After experiencing several significant losses as a result of their suggestions, he attempted to terminate his membership.
Because they weren’t going to accept it, Damian asked to cancel it three times.
They then informed Damian that he would have to pay an additional $500 if he wanted his credit applied to Jeff Clark’s “Delta Report,” as stated.
After two months of waiting, Damian still hasn’t gotten the credit.
He claims that Larry Benedict’s company took $2,000 from him and is now denying accountability. An “Absolute shonk of a business” is what he further describes it as.
Damian thinks the government should look into Larry’s business dealings since he seems dishonest.
The Life and Work of Larry Benedict
According to the reviewer, Larry Benedict is not someone he would suggest. Larry doesn’t believe the firm’s boasts about his extensive experience.
The critic claims that this is because, on average, you will lose the majority of your money.
Additionally, the reviewer claims that Larry is worthless due to his inability to accurately schedule transactions or assess risk/reward.
Larry Benedict fails to educate his audience, says the critic. The critic notes that he even avoids sending updates on a daily or weekly basis, opting instead to manufacture excuses.
Larry is the worst trader in the business, according to the reviewer. So, he cautions other customers not to do business with him since they would also lose money.
The reviewer also felt the customer service was useless. If you go with Larry, he claims you’ll end up losing money and won’t get good customer service to help you out.
Larry Accused of Scamming in Opportunistic Trader Review
The reviewer claims to have been a loyal customer of the Opportunistic Trader for the last six months.
His account was $1,000 in the red when I made this review. Since Larry had made some very substantial claims to prospective subscribers, he finds it deeply disheartening.
On top of that, he has emailed a record of all his deals to customer support. Because the curriculum was so pricey, he wanted his money back in full.
Refunds are not given beyond 60 days, they informed him later. In his opinion, sixty days is insufficient to draw any firm conclusions about Larry Benedict’s trading average.
Therefore, he advises against subscribing to Larry’s service.
Customer Lost More Than $10,000 Working With Larry Benedict
This critic claims that over the last decade, he has been diligently implementing Larry Benedict’s suggestions. Their account is more than $10,000 negative.
This reviewer shares the disappointment of the others who have written about Opportunistic Trader on this page.
“I could have lost all this money on my own without paying for this useless service by a Market Wizard,” he claims.
Larry Benedict is Fake!
In this review, the critic calls Larry a fraud.
He claims that Larry had promised a lot but failed to deliver. According to the reviewer, trading using Larry’s advice cost him more money than dealing alone.
Because the reviewer was clueless about options trading at the time, he purchased the service to help him out.
The critic goes on to state that Larry Benedict is not the right person to donate to with spare cash.
It seems that the reviewer feels conned. Only now are they allowed to use their membership, after months of being unable to trade.
The reviewer’s inability to trade spreads before subscribing rendered the service useless.
Opportunistic Trader’s misleading tactics prompted them to contact in early with a complaint. Unfortunately, their $4,000 was not refunded.
The Client Has Nothing Good to Say About The Opportunistic Trader
From 2020 to 2022, the subscription was terrible, according to Bret.
He notes that 2022 yields somewhat better results, but he is obligated to keep this information to himself due to his long-term membership.
Larry Benedict has received 1 star from Bret in his review.
Instead of $53,000, I Got $1,600 from Larry Benedict
According to Tyler, his portfolio went from $53,000 to $1,600 in only a few months thanks to Larry’s advice.
He hopes no one else will make the same error he did.
The service is also not recommended by Tyler.
I should mention that it was not simple to obtain these evaluations of Opportunistic Trader. Their profundity is the reason for this.
Larry employs many dishonest advertising strategies to conceal the existence of these grievances.
Below, you will find more information about this:
Misleading Website Visitors by Using Several Websites:
If you are wary of any financial expert, you might first look into their complaints history. This will help you determine their validity.
Still, if you search for “Larry Benedict Scam” or “The Opportunistic Trader scam,” a ton of similar websites come up:
Specifically, you will read the following articles:
- https://teekatiwariweed.com/americas-first-ever-trade-a-thon-larry-benedict-is-going-to-attempt-to-generate-70000-from-trading-live/
- http://www.optionswealthmachinereview.com/tag/larry-benedicts-opportunistic-trader-scam/
- https://jeffclarkbreakoutalertreview.com/tag/larry-benedicts-opportunistic-trader-scam
- https://palmbeachconfidentialreview.com/tag/larry-benedicts-opportunistic-traders-scam
- https://tradeinvestnow.com/tag/larry-benedicts-opportunistic-trader-scam/
The corporation may be behind all of these websites since they have a similar theme and layout.
In addition, Larry Benedict is heavily promoted and praised in each of these publications.
An advertising group has set up these websites to divert attention away from the many customer evaluations and concerns that have already been placed online.
Scammers on the internet often use deceptive marketing strategies, such as posting false reviews.
One such forex guru who has come under fire for allegedly defrauding his pupils is Chris Capre. His former pupils have accused him, in large numbers, of using phony evaluations to boost his reputation.
A similar cryptocurrency fraud, PointPay, uses paid favorable evaluations to hide negative customer feedback.
Seems like Larry is also using a similar strategy.
Conclusion
In several statements, Larry Benedict confidently claims to have knowledge and expertise. However, based on the reviews and worries, he may not be as reliable as he claims to be.
Stay away from anybody who introduces themselves as a “guru” and claims to teach you the secrets of becoming wealthy.
The assessments show that those who followed his recommendations lost more money than they would have if they had traded independently.
I would not recommend Larry to others.
Many of the so-called “fake gurus” boast excessively about their level of knowledge. The recent SEC charges against Loral Langemeier, who was charged with defrauding hundreds of individuals, serve as an example.
You need to stay away from engaging with these people as a result.
