Quick Verdict: Is Warrior Trading, and Ross Cameron, Legit and Worth Paying For?
I would approach Warrior Trading cautiously because of its 2022 FTC settlement and the historical student-outcome evidence discussed below.
In April 2022, Warrior Trading and Ross Cameron agreed to a $3 million settlement resolving FTC allegations about misleading earnings claims. The stipulated order states that the defendants did not admit or deny the allegations.
The central purchasing question is whether the evidence supports the results a prospective student expects—not simply whether the educator can trade profitably.
This review examines the FTC case, historical customer reports, marketing claims, and relevant court records. Historical complaints do not establish the experience of every customer or the terms of today’s offering.
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If you are researching day trading courses, you have likely seen Ross Cameron of Warrior Trading. His YouTube advertisements frequently showcase significant trading gains.
However, a "deep dive" into public records reveals a complex history involving federal regulatory settlements, failed lawsuits against critics, and a co-founder with a serious criminal record.
The $3 Million FTC Settlement (2022)
In April 2022, the Federal Trade Commission (FTC) took action against Warrior Trading, Warrior Operating Inc., and Ross Cameron.
The FTC's complaint alleged that the defendants engaged in deceptive practices regarding the potential for consumers to earn money. The Commission specifically challenged the company's claims that consumers could earn a full-time income with minimal capital.
The Outcome:
Without admitting or denying the allegations, Warrior Trading and Ross Cameron agreed to a Stipulated Order for Permanent Injunction and a $3,000,000 monetary judgment to provide refunds to consumers.
+ Read the Full Stipulated Order for Permanent Injunction, Monetary Judgement and Other Relief
+ Read 22 FTC consumer complaints against Warrior Trading (2018–2021)
Warrior Trading's own marketing made the opposite claim. The "Swing Trade Warrior" YouTube channel — carrying Warrior Trading branding and linking to warriortrading.com/register — stated in its About section that while over 90% of retail traders are said to fail, their community is over 80% profitable, and credited education for the difference.
The FTC's analysis of actual customer brokerage records found the opposite: "the vast majority of customers made no money or lost money."
Warrior Trading Complaints: What 22 FTC Records Contain
The linked compilation presents 22 complaint records identified as FTC FOIA production 2021-00436, dated February 22, 2018 through January 10, 2021. They contain consumer allegations, not adjudicated findings.
These are not necessarily 22 separate customers or incidents. Several records have overlapping narratives, and one describes a person using Ross Cameron’s picture on Facebook Messenger. That report does not establish that Warrior Trading received the money.
Three examples are particularly relevant to prospective buyers:
Subscription-pricing dispute — January 7, 2019
In complaint #4, an Illinois consumer reported an advertised price of $497, a confirmation showing four payments of $147—$588—and total charges of $785 after an additional $197 charge. The consumer said the recurring subscription terms had not been disclosed before purchase. Related Illinois records discuss similar events and should not automatically be counted as separate customers.
Source: Complaint #4, PDF page 15; related records #5–#8.
Refund-completion requirements — April 27, 2018
In complaint #3, a Texas consumer reported paying $3,009.30 for education and $997 for community access. The consumer said a refund required completing four modules, which they estimated involved approximately 20 hours of videos and 80 essay questions. They reported stopping the coursework and unsuccessfully disputing the purchase through Discover.
The two amounts in the narrative total $4,006.30; the record’s separate “amount paid” field lists $4,006.00.
Source: Complaint #3, PDF pages 13–14.
Negative-review and account-closure allegation — March 28, 2019
In complaint #12, a California consumer alleged that their account was closed and a negative Trustpilot review was removed after the company cited restrictions on derogatory comments.
The record contains the classifications “CRFA” and “Consumer Review Fairness Act.” Those classifications do not establish that the FTC determined a violation occurred.
Source: Complaint #12, PDF page 24.
These historical reports raise questions about pricing disclosures, refund requirements, and treatment of negative reviews. They do not establish current policies, a complaint rate, or that the FTC’s later lawsuit adopted every allegation in this production.
Historical Warrior Trading terms captured January 31, 2019. The excerpt includes restrictions concerning negative reviews and chargeback disputes. This is a separate document from complaint #12; it does not independently establish what happened in that customer’s transaction.
Historical Warrior Trading marketing, Bates WARRIOR TRADING 00087, citing a March 2017 survey: “We help on average 8.5 out of 10 students … become better traders.” Self-reported improvement is not the same as evidence of net trading profits.
A student who said the “live” webinar was not live
On 7 December 2018, a BestStockStrategy student named Francisco wrote that he joined a Warrior Trading webinar advertised as live, concluded it was “super fake and set up,” asked Ross about it in a live-stream chat, and was banned and blocked. His words: “I felt cheated and lied to.” This is one student’s account, not a finding. It is here because it is a dated, first-party report of the same presentation problem the marketing pages above are built on.
Student message, 7 December 2018. Highlighted line: “I felt cheated and lied to.”
Ross Cameron Net Worth: Trading Profits or Course Sales?
Many people are curious about Ross Cameron's net worth. While his actual financials are private, industry estimates, including my personal opinion, suggest his net worth could be upwards of $35 Million.
However, the source of this wealth is a subject of debate.
+ The Marketing: Ross claims to make millions from day trading small-cap stocks.
+ The Reality: The FTC complaint alleged that Warrior Trading made misleading claims about the potential for consumers to earn money.
The "Guru" Business Model:
While students (according to the FTC and broker data) often lose money, the business of Warrior Trading is incredibly lucrative. Between course fees, chat room subscriptions, and simulator costs, the company generates massive revenue regardless of whether the students win or lose.
It is our opinion that the vast majority of Ross Cameron’s net worth is likely derived from marketing and subscriptions, rather than the scalable application of his trading strategy.
Professional Associations: The Raging Bull Connection
Before Warrior Trading became a household name, Ross Cameron was associated with Raging Bull.
Raging Bull Sued by the FTC for Running a $137MM Scam
Cameron’s bio on that site described a Fine Art degree and a designer job in Manhattan, then “left his career as a designer to focus on full-time investing and trading.” It did not describe him as a registered architect. Raging Bull later drew its own FTC action; that is a separate case. The overlap that matters here is the marketing model, not guilt by association.
The “NYC Architect” claim
Warrior Trading has marketed Cameron’s story as “From NYC Architect to Day Trader.” His own bio said he worked at a New York design firm from 2006–2010 and left “before completing my exams and become a registered Architect.” The New York State Education Department issued a certification dated 20 October 2017 that a search of its records found no architecture license in the name of Ross Cameron. An earlier bio, written when he was a moderator at Jason Bond Picks, describes a Bachelors degree in Fine Art and a career as a designer — with no mention of architecture.
Brokerage Data: Do Students Make Money?
Beyond the allegations in FTC's complaint, industry insiders have commented on the performance of Warrior Trading students.
The FTC’s complaint states that “the vast majority of customer accounts actually lost money, with numerous consumers losing thousands of dollars trading on top of the thousands they paid Warrior Trading.” This is an allegation in the FTC’s complaint, which describes its analysis of customer brokerage records. The case ended in a $3 million settlement, not a trial establishing every allegation as fact.
SureTrader — a brokerage founded by Guy Gentile and used by many Warrior Trading students — published a blog post stating that nearly all clients referred to SureTrader by Warrior Trading lost money, and that even with zero commissions and fees they would still have had a net loss.
SureTrader has since ceased operations and the post is no longer online; the quotation is preserved in a contemporaneous 2017 screenshot.
The historical SureTrader statement and the FTC’s complaint both raise concerns about customer profitability. They involve different sources and potentially different customer groups, so they should not be treated as a single dataset or a current success-rate estimate
This data aligns with the FTC's allegation that Warrior Trading's marketing exaggerated the likelihood of student success.
Historical Background: Former Co-Founder Jeffrey Fortis
Case disposition: The court history summarized below distinguishes the dismissed sexual-penetration and child-molesting counts from the two misdemeanor counts under California Penal Code §647(a) to which Fortis pleaded guilty.
While Ross Cameron is the public face of the brand, corporate filings tie the company’s history to Jeffrey Peter Fortis.
Fortis is a former Colusa County police detective. A shareholder agreement allocated Warrior Trading’s 1,540 shares between Cameron (1,078) and Fortis (462), roughly 30% — a substantial owner, not a hired instructor.
Court documents obtained by BestStockStrategy reveal a disturbing background. Jeffrey Fortis was charged with a felony including Sexual Penetration of a minor and misdemeanor Child Molesting.
A forensic examination of the seized computers was conducted by the Marysville Police Department at the request of the Yuba County Sheriff's Office.
The examiner reported keyword hits indicating someone using the computer had searched for terms relating to child pornography, while also recording that the hits were few in number and that no such images were found on the devices.
A later evidence-release motion filed in the case states that all computers and cellular phones seized were forensically examined and were not found to contain evidence of further crimes.
Public records showing charges against Warrior Trading Co-Founder Jeffrey Fortis
The case was prosecuted in Colusa County Superior Court (Case No. CR54044). The felony complaint was endorsed on 25 May 2012, charging four counts arising from conduct alleged between 3 and 15 June 2011. On 3 April 2013, Count 1 (PC 289(h), sexual penetration) and Count 2 (PC 647.6(a), child molesting) were DISMISSED, and Fortis entered a plea of guilty to two misdemeanor counts under California Penal Code Section 647(a). On 5 June 2013, imposition of sentence was suspended and he was placed on 36 months' probation, with conditions including no contact with the victim and no unsupervised contact with minors.
The Wrongful Termination Lawsuit:
Fortis later sued Warrior Trading for wrongful termination. In that civil suit, Warrior Trading’s defense alleged that Fortis was fired for cause due to various issues, including:
- Offering cocaine to another employee at a work function.
- Possessing a firearm in the workplace.
- Unauthorized use of company funds.
Read the Public Records:
+ Jeffrey Fortis Felony Complaint (PDF)
+ Civil Litigation between Fortis and Warrior Trading / Ross Cameron (PDF)
Warrior Trading vs. Free Speech: The Emmett Moore Case
Warrior Trading has a history of litigating against critics. However, they do not always win.
In the case of Cameron vs. Moore (Case No. CV CV 17-1538, Yolo County Superior Court, Department Three — tentative ruling issued 1 March 2018), Ross Cameron and his company sued an individual named Emmett Moore.
The Result: On March 1, 2018, the Superior Court of California issued a Tentative Ruling and GRANTED Emmett Moore's Anti-SLAPP Motion (Strategic Lawsuit Against Public Participation). The court found that the complaint arose out of the defendant's protected speech. That ruling was subsequently adopted as final.
This ruling is significant because Anti-SLAPP laws are designed to prevent companies from using lawsuits to silence valid public criticism.
This was not the only time Warrior Trading used lawyers against critics. On 5 September 2017, McDonald Carano, writing as counsel for Warrior Trading, sent Michael Marchi a cease-and-desist letter demanding he remove posts on tradingschools.org that called the company a “fraudulent site” and Cameron a “con artist,” and threatening suit if he did not confirm by 8 September 2017. A demand letter is not a finding. It is here because it is the same playbook as Cameron v. Moore — pressure first, merits later — and in Moore’s case the court said the suit lacked even minimal merit.
A Better Way: The "Financed Bull" Strategy
The FTC action and the failure rates cited by brokers highlight the extreme difficulty of day trading.
At BestStockStrategy, we teach the "Financed Bull" strategy. We utilize options mathematics rather than day-trading volatility. By buying call debit spreads and financing them by selling naked puts on high-quality companies, you can participate in the upside for "free" while maintaining mathematically superior risk management.
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Stop Gambling. Start Winning.
I've discussed options trading vs. day trading, and while I believe that options trading is vastly superior.
Learn a strategy that prioritizes capital preservation and mathematical probability.
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Consumer Resources
If you have concerns about a trading product, you can contact the following agencies:
+ Federal Trade Commission: Report Fraud
+ SEC Whistleblower Program: Submit a Tip
Conclusion: Warrior Trading and Ross Cameron Review
Ross Cameron is a skilled marketer and a genuinely capable day trader. That is not the question. The question is whether his students make money — and the FTC's complaint, along with brokerage data from a firm that served them, suggests most do not.
While there are claims that they front-run their members and that their members lose money, I feel that since virtually all day traders end up losing money, Warrior Trading is likely no worse than Humbled Trader, ZipTrader, Steven Dux or TJR Trades / Tyler Riches.
Warrior isn't the only one charging a premium for content you may be able to find for free — read my Peachy Investor (Brittney Pernell) review
Warrior Trading isn't the only day-trading educator worth scrutinizing. See my breakdown of whether Humbled Trader's Shay Huang is legit — a course business that, in my opinion, runs on memberships rather than trading profits.
See also my review of Investing With Brandon (Brandon Arnett).
Source Documents & References:
3) Local press coverage of the Fortis case (Daily Democrat screenshot, with third-party annotations) — reports that Fortis is a former Colusa County police detective: Daily Democrat coverage of Jeffrey Fortis (screenshot, with third-party annotations)
4) Fortis sued Warrior Trading alleging wrongful termination. The linked filings include the company’s stated reasons for termination; those assertions should be distinguished from court findings: Fortis v. Warrior Trading, 2:19-cv-00627 (E.D. Cal.) — filings and termination letter
7) Guy Gentile of Sure Trader says that "nearly all" Warrior Trading students lose money: 2017 screenshot of SureTrader blog: nearly all Warrior Trading referrals lost money
8) More info about Warrior Trading students potentially losing money: Additional SureTrader / student-loss screenshot
9) Guy Gentile's (Founder of Suretrader) thoughts on Warrior Trading: Guy Gentile post on Warrior Trading (opinion screenshot)
10) Warrior Trading and Ross Cameron also filed a frivolous lawsuit and lost an anti-SLAPP case in California when attempting to chill free speech: Cameron v. Moore, Yolo County CV CV 17-1538 — anti-SLAPP ruling
11) Message that Warrior Trading sent to their members when they were under FTC investigation: Warrior Trading member email disclosing the then-non-public FTC investigation
12) Ross Cameron used to work with Raging Bull (charged with running a $137MM fraud): Ross Cameron’s moderator bio at Jason Bond Picks / Raging Bull
13) Warrior Trading claims that 80% of their members are profitable (the FTC claims that this is false): Swing Trade Warrior About page claiming the community is over 80% profitable
14) Read the individual FTC Complaints lodged against Warrior Trading - Read 22 FTC consumer complaints against Warrior Trading (2018–2021)
Disclosure: I sell options education and trade alerts and compete in this market. This review distinguishes my observations, public records, customer reports, and opinion. Customer complaints are not, by themselves, findings of wrongdoing.