By Chadd
For those of you who have never heard the name Jason Noah, CEO and founder of Forex Kings…I hope this piece of writing helps to navigate and illuminate you as to who this young gentlemen and forex trader is, as you well know at Wiki FX we strive to go beyond the call of duty and provide our most open and honest opinion about the brokers we visit and forex influencers that are active within the big wide world of trading, we are here to help connect you to the right companies and right mentors to ensure that as many of you achieve the success you dream of, and this article is no different, take a “walk” with me as we get a better understanding of who Jason Noah and Forex Kings are in the South African forex industry.
Jason Noah, a 24 year old male born in Kimberley South Africa and raised in Pretoria, Gauteng, a young lad who like many of us dreamt of one day becoming successful and wealthy, thanks to learning the skill of retail forex trading seems to have done just that, like the many other forex traders in South Africa cars, houses, money and expensive clothes have become the trademark of his success taking it a step further he was also able to open the Forex Kings offices in Pretoria, an institute that was established to mentor and guide aspiring traders toward forex success, he also frequents many cities nationally where he promotes he‘s trading methodology, the forex kings brand as well as he’s preferred forex brokers. Upon conducting past and present research I once again came across a trader who seems to use lifestyle and the allure of money to gain a following of potential investors and as we have come to learn, this in is own has become e a red flag, flashy material possessions do nothing to teach people the skill of trading, all it does is create a false perception of getting rich overnight and sets new traders up for failure, this display of the lavish lifestyle prompted me to look closer at Jason as a forex trader and mentor to the masses.
Investigating further I find that as far as a forex trader goes, Jason started out humble, as they all do, using a personal loan form he‘s mother to fund he’s trading account in hopes of becoming immensely successful, which I believe he did, but humble success was not enough, taking to social media with the kind of pictures that have become all too familiar in the South African forex industry, you know the ones I mean, the usual big house, shiny cars, MT$ screenshots and all the usual bells and whistles…is it a good marketing strategy？ Of course! Money tempts most people and it is that temptation that fuels people to buy hes courses, but are they worth the money people are spending？ Some would say yes, while some say it is a basic class that could be obtained with a simple You Tube search.
Tracking more recent activity I find a video or actually a series of video called trading tip Tuesday with Jason Noah and Vault Markets (unregulated by FSCA), this video series is structured as a Q&A session where aspiring traders have the opportunity to ask any burning questions about forex trading and are also heavily encouraged to invest with vault markets, although subtle, one can easily tell that this is just another marketing tool and provides basic insight readily available on the internet, as a technical trader he tries to give the best advice he can, strongly encouraging proper risk management which is lacking among our “gurus” in South Africa, some people hank him for he‘s trendline strategy which I had a look at and find the video to be sensibly basic, in he’s own words though at around 4:11 seconds into it he reveals that he‘s trendline strategy has “no breakout and no confirmation”, but we all know that we need at least 3 to 4 factors of confluence to confirm a decent trade setup, or else you are left trading very low probability setups, my perception about Jason begins to shift, going back to the trading tip video, Jason moves on to talk about joining Vault Markets and trading the NFP news event live with him and Vault Markets, I appreciate he’s ;honesty about being a promoter for Vault Markets but I ask myself why he would promote an unregulated broker in the first place, this aroused suspicion an prompted me once again to look deeper.
As I take a deeper look, I come across rumors of Jason and forex kings are developing a forex robot/software system, I think we can all begin to see a strong trend developing in south Africa around automated trading capitalizing on peoples ignorance, laziness and get rich quick mentality, Jason also makes a bold claim of putting in a bid of 30 Billion Dollars for the acquisition of Twitter but says the Elon Musk only won the bid because he was better known around the world, I cannot confirm nor deny this statement because the bidding process for Twitter was kept under wraps, but to me is sounds a bit far-fetched, simply put, this bold claim made by Jason Noah would mean that he ]has around 450 Billion Rand available to throw at an acquisition as the Twitter buy out and this would him in the top spot in S.A but as far facts go, Johann Rupert remains the richest man in South Africa with net worth of 7.1 Billion Dollars (112 Billion Rand), truth or lies？ Only time will reveal…
On a lighter note Jason does receive a few decent recommendations online and seems to be engaging in a few more forex educational videos on You Tube, the exact opposite does also exist with many complaints streaming in from unsatisfied clients all citing problems of the same or similar nature, a few that came to surface is that of a Cape Town male as well as a gentlemen from Ghana, both who allege that they were scammed to the tune of R8 000.00 each, the Cape Town client paid for a 3 day course that was scheduled to happen but unfortunately never did, Jason failed to attend he‘s own seminar saying that he’s absence was due to a flat tire and also due to he‘s ill son, written communication between Jason and the client confirm the clients claims that the service was not delivered, another investor from Ghana reached out to a popular podcaster and provides proof that Jason took he’s money and but never delivered the services he promised, after much effort and frustration the investor stopped getting replies from Jason and Forex Kings, sadly this is only just two of the many people who also took to the Forex Kings WhatsApp group and laid complaints about the exact same conduct from the company and were soon all removed from the group and never got the services they paid for and ultimately lost their entire investment. It is no wonder that Jason Noah and Forex Kings were placed on the FSCA warning list along with FWT Markets (another unregulated broker linked to Jason Noah), they were placed on the warning list for engaging in unauthorized financial activity. Despite the few good traits Jason exhibits these kinds of allegations cannot be ignored and should be seriously considered when looking to invest with Jason and Forex Kings, the cons greatly outweigh the pros and as such I would in my own opinion to waste my time or money with these services.
Unregulated brokers, unrealistic claims of big company acquisitions, no service delivery, no accountability for taking clints money for nothing, all these warning signs urge that you approach this company with extreme caution until proven otherwise.
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