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Market Traders Institute Review – Forex Education and Software

By Dave

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Market Traders Institute Review

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Market Traders Institute Review

  • Education
  • Platforms
  • Value


Have you heard of the trader educating, training, and trading platform Market Traders Institute? Market Traders Institute combines a variety of features with sophisticated trade management tools. Read our review of Market Traders Institute to find out if it fits your needs.

Market Traders Institute

MarketTraders.com is the Market Traders Institute (MTI), a trader education, training and trading platform catering to traders of all levels of experience. They provide a comprehensive program that provides front-to-end education and training with sophisticated customized trade management, charting tools and scanning software to can enhance analysis and performance.

MTI was launched in 2010 to meet the needs of traders seeking to enter the currencies trading markets. Started by traders for traders. MTI University was formed to provide the training and education. Mentorships were added to shorten the learning curve and accelerate trading success. To further enhance the application of skill sets, MTI branched into trading platform and software development. Online course span various global markets from Forex, stock, options to cryptocurrencies.

Market Traders Institute Pricing Options

MTI offers two types of paid products and services: education and software.

Market Traders Institute Courses

Education Pricing

Education consists primarily of online courses. They are self-paced and interactive videos with quizzes and accessible with an internet connection. Course topics cover Forex, stocks and options and cryptocurrencies. Prices range from $99 for Six Figure Sessions to $495 for the Einstein Trading Program to upwards of $7,995 for The Ultimate Traders Package Course.

Software Pricing

MTI offers various software tools and subscriptions:

Market Traders Institute Smart Trader Plans

The Smart Trader is the trading platform that can be plugged into an online brokerage account. There is a basic free version, which doesn’t connect to live trading. Premium paid versions start at $24.95 and Elite version at $59.95-per month. Paid versions have live trading connections enabled and have annual plans available.

The Ultimate Charting Software subscription has over 200 pre-loaded indicators along with auto fibs, patterns tool and the AXABCD Tool for tracking harmonic patterns. They offer a 7-day free trial for $1 which converts to monthly recurring billing at $59 for the basic Ultimate Charting.

The UTP Ultimate Charting Software subscription includes multiple trading system strategies like Pip Finder, Pin Pointer, Turbo Trader Trading System and dedicated one-on-one phone support and account representative for $249-per month.

The Ultimate Market Scanner comes with a 7-day free trial and then reverts to $199-per month.

Market Traders Institute (MTI) University:

The education division of MTI is the online university, which provides self-paced in-depth online trading courses by market and experience level. The courses provide a complete support system with the option to attend a live seminar, trial periods to software products and mentorship options.

The Target Trading 2.0 course is a great example of this. Authored by Gary Fichardt, MTI’s Director of Trading, pours his over two decades of trading experience into 23.5 hours of content for novice through intermediate FX traders. Composed of 11-lessons that teach students how to identify and trade pivot points while managing risk and targets. The course includes four one-hour live classes with expert analysts as well as weekly live question and answering sessions. Users get two-months of Ultimate Charting Software included with the course. After completing the course, students can consider on-going mentoring with a success coach. MTI supports the student journey thoroughly and comprehensively through the whole training-to-trading learning cycle.

Market Traders Institute Platform Features

The MTI platform features refer to the Smart Trader and the add-on charting software and market scanner. These functions are available with the respective subscription plans.

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The charting functionality depends on the type of subscriptions you have. The basic charts have candlestick, line and bar. They feel very smooth and flexible making navigation very easy. Make sure to keep the Magnet tab on when trying to plot trend lines as it will automatically connect the cursor to individual candle highs and lows just by hovering over them, rather than trying to manually plot the exact prices by hand. All charts have basic indicators including moving averages, stochastics and Bollinger Bands. More exotic indicators include Elder Thermometer, Flipit, Fractals Oscillator, Encapsulation and Gopalakrishnan Range Index. The Basic has limits three-indicators per-chart. Premium enables five  and Elite enables 10-indicators per-chart.

Market Traders Institute Chart Candle Tool

The Ultimate Charting Software

Subscribing to the Ultimate Charting Software opens up a world of indicators and sophisticated tools including Auto-Fibs (which automatically plots Fibonacci retracement lines), Candle Tools (which identifies specific candlestick patterns and formations) and the XABCD Tools (which identifies and detects harmonic patterns like Gartleys, bats and Butterflies).

Market Traders Institute Ultimate Market Scanner


Forex markets have the most liquidity but the smallest number of tradeable instruments. This makes scanning for patterns preferable. The candle tool also enables scanning abilities. The Ultimate Scanner is very informative and enables back-testing and many performance metrics. It also enables cross-market scanning including Forex, Stocks and ETFs, Futures. While, it may appear complex at first, there are many pre-built scans to cut your teeth on. The  free training videos area a good starting point as well as the Ultimate Market Scanner course.


Traders can set Alerts directly on the charts, watch lists and/or in the scanner. The key is configuring them, so you aren’t getting alerts all day non-stop. This tends to be an issue with newbies wanting to jump headfirst into the game. The purpose of alerts is to let the CPU do the legwork of filtering down to the best candidates and set-ups. You will have to select and determine if a trade is viable from there. Alerts are only available with Premium and Elite subscriptions.

Market Traders Institute Watchlists

Watch Lists and Saved Layouts

These are easily and conveniently created on the Smart Trader platform. However, it’s important to note that only three workspaces are available for Basic, while Premier gets five and Elite has unlimited workspaces.

Compatible Brokers

Smart Trader and the software tools are compatible with Forex.com, FXCM, Avatrade, JFD Brokers, DriveWeath, CityIndex, CFH Clearing and many more. It’s best to check with your broker to confirm compatibility.

Platform Differentiators for Market Traders Institute

MTI is a fully integrated training system that teaches how to trade and provides the comprehensive tool to improve performance. Ongoing mentorships as well as a chatroom is available. Users can also share their charts and data on social media, which is becoming a common trend.

What Type of Trader Market Traders Institute Is Best For

MTI caters to traders of all styles and experience levels. The tools are priced modestly, and experienced traders may opt just for subscriptions to those. Newbies and beginner traders will likely consider the educational training courses, which can be expensive. It’s important to plan out the budget to take on the training.


  • High quality in-depth courses through MTI University
  • The Ultimate Market Scanner has rare harmonic and pattern scanners
  • Lots of free materials and live/archived webinars
  • Intuitively designed software tools and platforms to improve efficiency
  • Back-testing and data analytics capabilities
  • Diversified training course markets and topics


  • Too many products and add-ons can be confusing and expensive
  • Third-party course developers can be inconsistent at times
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Dave has been a part-time day trader and swing trader since 2011 when he first became obsessed with the markets. He focuses primarily on technical setups and will hold positions anywhere from a few minutes to a few days. Over his trading career, Dave has tried numerous day trading products, brokers, services, and courses. He continues to test and review new day trading services to this day.

9 thoughts on “Market Traders Institute Review – Forex Education and Software”

  1. Be very wary of Market Traders Instttute’s marketing practices. They will sell you a product and expect you to use it. If overly complicated they will not offer support at all. When Jared Martinez and Joshua Martinez were involved, I had great confidence in this organization because they provided the help and information needed but since Joshua left the company and Jared announcing his retirement from MTI, be very careful in what you sign up for. I was a sucker and order something 6 months ago, paid over $1000 so far and I still cannot figure it out and they just brush it off. I do not believe in wasting my money and because I cannot get support or telephone calls returned, I will no longer do business with this company again.

    • I am disappointed to learn that Jared and Josh have left MTI. I also felt confidence in the organization with them. I am looking to return to day trading. Got educated through MTI and really enjoyed the education program in 2015. Can you suggest an alternative to this company?

  2. When I started trading with MTI, they were primarily an education vendor. Pretty much you paid to learn. These days, they are just selling software. The come up with new classes every month, which you must pay for. I take no issue with that. They invest in coming up with class after class. Some are incrementally new and different.

    Their software is really amazing as far as functionality, but often locks up. Performance is an issue.

    My biggest beef with MTI is that they hide all the indicators they use in their classes. If you are paying to learn, they should show the indicators. They don’t. They hide them. This means the students are not learning to fish for themselves, they become dependent on MTI to find the fish, and the student is then only responsible to reel in the catch so to speak.

    I have learned a lot from MIT. I am not sure if there is any other vendor out there which is better, but I think for the money you pay, you should not get the cloaked version of the the class/strategy inputs.

    Don’t be fooled. The initial fee for the education is just the starting point. There are plenty of other monthly and educationally fees.

    Be prepared to pay at least 10 times what they tell you it will cost. Don’t sign up unless you are prepared to work hard to understand it all. It is not a simply undertaking.

    Good Luck.

  3. I totally agree with JPL’s comments, I have been with MTI for around 9 years and spent over $20,000 for the charting system and software.
    I have 8-9 different software packages and still not making money and MTI are only interested in making money. The last software they sold
    me was, in my mind misleading and has never made me money. They have a good basic learning program and 3 webinars a day and you may get a trading tip from the webinar but it is all about sales and they can sell ice to a eskimo. No refunds are given even though you have access to the software you have nothing on your computer hard drive they can disconnect you with switch. there is no follow up from them and if you look around you will find some of the software free. In my book they have gone downhill from a 9 to a 3

  4. MTI just charge people for there over priced courses and they offer a lot of info but they are mostly interested in selling there over praised courses, and making as much money as they can, they dont offer any support at all they only bombard you with emails and get you to watch there endless videos about trading. its just a con and a scam. also they do not stick to and honor there refund policy’s which is a blatant breach of there terms and conditions.

  5. Steer clear from this organization unless you have money to kiss off . Just to learn more about how this works you must enroll and then like me , I did not like what I saw and when requesting a refund they would only return half of my initial investment . $2000.00 bye bye . What a ripoff . Their enticing webinars are so misleading that they should be turned in to the Better Business Bureau . If you are lucky enough to get someone to talk to you on the phone , they are very arrogant .


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