Get instant answers to your questions below.
Can you guarantee that I will make money?
This is a training academy not a get rich quick scheme. To be successful as a trader you need patience, skills, knowledge, and the correct tools. Academy 55 provides you with all of these but we make no income guarantees and anything on this website or in any of our trainings should not be considered as financial advice.
What is the difference between live trading and demo trading?
There's no difference at all between you taking or watching trades on a demo account or with a live account, the results will be exactly the same because live and demo accounts are all using the same market data, and with the fx markets trading at around $7.5 trillion per day whatever you or I do could not possibly skew that.
Why should I become a member of the Academy?
Our trader has more than 8 years experience as a full time trader and has perfected a system and custom tools that increase the odds of winning in your favour.
Are there any other costs beyond my Academy55 monthly subscription?
1. Trade Assistant Software - $50 per year (optional but essential)
2. Upgrade to TradingView Essential Plan (optional but recommended)
3. Prop firm challenge fees. (see below)
What are Prop firms and Challenges?
Prop firms are companies that allow us to trade large amounts of capital on their behalf and share in the profits. They all have slightly different rules and terms but generally speaking you keep 80% of the profits that you make and they retain 20%.
Example: If you were trading with a $100,000 account and won 12% profit in a month
Total Profit: $12,000
The Prop Firm Retains 20%: $2,400
You Earn 80%: $9,600
Naturally they only want succesful traders so you need to prove that you can trade responsibly and make money before they will give you a live account that can make you real money. They test you through a "Prop Firm Challenges" which you have to pay for.
Here are a few examples of what you might expect to pay to enter a challenge
For a $10,000 trading account expect to pay around $170 / €155 / £130
For a $25,000 trading account expect to pay around $270 / €250 / £215
For a $50,000 trading account expect to pay around $375 / €345 / £295
For a $100,000 trading account expect to pay around $585 / €540 / £460
We recommend that you start with a $10,000 account and upgrade to higher amounts through future challenges funded by your profits, but the choice is entirely yours.
We simply give you the tools and teach you how to become consistently profitable by following what we teach you inside Academy55.
How much money will I need to risk when I trade?
You will need to use NONE of your own money when you trade. Inside the academy you'll learn how to use other peoples money (prop firms) to trade with no personal risk.
I've heard of prop firms closing peoples accounts when they make money!
For members outside the United States we recommend the prop firm FTMO who have been operating since 2015 and have a 93% 5* rating on Trustpilot, clearly that rating would plummet fast if they were not paying out or were closing accounts for no good reason.
There are of course some fake scam prop firms online with dubious business practices, FTMO isn't one of them, but none of us have a crystal ball as to when or if a business might fail so we can't predict what may happen in the future.
Prop firms will obviously close your account if you go against their policies or break their rules just the same as any business would. Policies and terms exist for a reason, and that reason is to protect the business. It's your job as a customer of your chosen prop firm to make sure that you understand their rules, they are made very clear on their websites.
If you're a resident of the USA please see our prop firm suggestions in the members area.
Which countries citizens can join FTMO?
To check the most up to date list of countries Click Here and scroll through the Country of residence options drpdown on the FTMO registration page. If your country is in the list then you are good to go.
Do you have an Affiliate Program?
Yes we do, you'll find the link to all the details in the footer menu of your members dashboard when you login to your account.
Why are you called Academy55?
This originally stemmed from the idea that many people between the ages of 50 and 60 are now waking up to the fact that when they finally do reach pensionable age the amount of money that they will receive from their state pension is simply not going to be enough, and 55 is between those ages.
By following what we teach you in the academy you'll gain a skill for life which can out earn any pension or job no matter what age you are today.
What happens when you take a paid challenge?
There are 2 phases to a paid challenge.
Phase 1 you have to meet the 10% profit target and then you wait for 24 hrs and Phase 2 starts where you have to make an additional 5%.
They will then evaluate your performance to ensure it met all the rules before they fund you. When funded you stick to the rules and they will allow you to select your withdrawal date for any profits you make after they funded you. As long as you stay within the rules, your account will keep active month after month.
Paid challenges remain active for as long as you can stay above the Max Daily Loss and Max Total Loss. You do not have to close a paid challenge and start again. That only applies to the demo challenge.
How do I cancel my subscription?
Submit a support ticket requesting cancellation of your subscription AT LEAST 48 HOURS BEFORE it's next renewal date. You won't be billed again and your access to the Academy55 indicators will cease to work at the end of the current billing period.
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