If you typed "is RakeTrades a scam" into Google, I get it. Futures trading is one of the shadiest corners of the internet, and a $199 monthly subscription is not pocket change. Here is the short answer: no, RakeTrades is not a scam, and the strongest evidence is 357 five-star ratings out of 368, with a single one-star review in the whole pile.

The reason you are asking is fair. This niche is full of fake profit screenshots, guaranteed returns, anonymous "gurus" and admins who vanish the day after you pay. I went through the RakeTrades listing on Whop, the plan terms, the FAQs and the member reviews to see whether any of those patterns show up. They don't.

If you would rather check it yourself before reading on, SEE THE REVIEWS AND PLAN DETAILS FOR YOURSELF, and then come back for the full breakdown.

The scam test: 6 patterns RakeTrades clears

Here are the classic scam patterns in trading education, and how RakeTrades measures up against each.

1. The anonymous guru. Scam groups hide who runs them. RakeTrades lists a real creator profile, a New York City location, and public Instagram and YouTube channels (the RakeTrades Network on YouTube). The pitch is a full-time day trader with 8+ years of experience, and the person is easy to find.
2. Fake or hand-picked social proof. Scammers show ten glowing quotes and hide the rest. Here the rating is public and lopsided in a way that is hard to fake: 4.96 average across 368 ratings, with 357 fives, 10 fours, no threes, no twos and one single one-star.
3. A tiny, empty community. The company has 15,813 members on Whop and has been listed since May 2023. That is a long track record for a niche where most operations disappear within months.
4. Guaranteed returns. The listing makes no income promises. The FAQ goes the other way and says plainly that content is educational and that past performance does not guarantee future results. Real educators talk like that. Scammers promise riches.
5. Vague deliverables. You can see exactly what the Premium membership includes: a full mastermind course for futures and options, 500+ trade reviews and bonus lessons, daily watchlists, weekly newsletters, a personalized psychology tool, trading channels and chat rooms, and 24/7 customer support.
6. Hidden or confusing terms. Pricing is one clear plan at $199 per month, and the FAQs spell out cancellation and refund rules in plain language. No buried fine print.

Six checks, six passes.

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What members actually say

I read the reviews the way a skeptic would, looking for the copy-paste praise that fake reviews tend to have. What stands out here is specificity.

One reviewer gave 5 stars to RakeTrades Premium and wrote: "For the price this course if offered at I honestly don't think you can get much better. The information alone within the lessons would take someone several years to learn for free so at this price point I'd give it 5 stars all day. The levels system that is taught has become a fundamental part of…"

Another, also 5 stars: "The content and the team at Rake Trades are awesome. So much value provided in a very straight forward and easy to follow way."

A third reviewer, on the charity webinar, wrote: "Alan's charity webinar was such a gem! I never get to catch his live streams due to the time zone, so to be able to see him and talk to him live was such a blessing. The whole 365 crew truly does wonderfully. So much value in the perspectives, information, and community." That tells you there are live streams, a team behind them, and a community that interacts with the founder.

The distribution tells the rest of the story. 357 of 368 ratings are five stars, which is about 97%. Premium on its own sits at 4.99 across 209 ratings. The lone one-star is a rounding error in a sample this size, and in this niche a bad experience usually comes from mismatched expectations (the learning curve, the price) rather than from a broken promise.

Who is behind RakeTrades

The creator behind the page is a full-time day trader with 8+ years in the markets, based in New York City. You can see the profile on Whop, follow the Instagram, and watch the content on YouTube before you spend anything. Free public content is exactly what a real educator has and a scammer avoids.

Support is also a real thing here. The FAQ says to open a ticket in the #support channel on Discord, with an email fallback if you are not in Discord. Anonymous operations don't give you a human to write to.

What your money actually buys

At the time I checked, RakeTrades Premium (billed as the Membership & Mastermind Bundle) costs $199 per month, renewing every 30 days. Here is what that covers:

A quick plain-English note: "futures" are contracts to buy or sell an asset at a set price on a future date, and "options" give you the right, not the obligation, to make a trade by a certain date. The course covers both.

Know the terms going in. You manage your subscription yourself through your Whop account settings, and paid fees are non-refundable, though certain requests are considered case by case. That is a standard setup for digital education on Whop, and it works in your favor: it means you should read what is included first, which you can do right now. The FAQ is also honest that RakeTrades is not a registered investment advisor or broker/dealer and that everything is educational. That candor is a good sign.

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How to start smart

If you decide to try it, here is how I would approach the first weeks:

1. Read the plan page and FAQs first. Know the refund and cancellation terms before you pay.
2. Watch the free content. Spend an evening on the YouTube channel to confirm the teaching style clicks with you.
3. Start with the course. The mastermind course is the backbone, and several reviewers point to the lessons and the levels system as the part that stuck with them.
4. Use the watchlists and trade reviews. Build a daily routine around them instead of dipping in randomly.
5. Ask questions in the chat rooms. The community is a big part of the value reviewers mention.
6. Set a reminder for your renewal date. Since you manage the subscription yourself, put the 30-day mark in your calendar.

Programs like this often cap spots, raise prices once they fill up, and run pop-up sales, so CHECK WHAT'S LIVE TODAY AND TAKE THE FIRST STEP.

The verdict: is RakeTrades a scam?

No. The three strongest pieces of evidence: a 4.96 rating across 368 ratings with 357 of them five stars, a public creator with real social channels and a New York City base, and plain, honest terms that promise education instead of riches. Add 15,813 members and a listing that has been on Whop since 2023, and the picture is a real education business, not a pump-and-vanish operation.

Your original worry was a good one. In this niche, suspicion is healthy. But suspicion is supposed to lead you to evidence, and the evidence here is consistent. You know what is included, what it costs, how to cancel and how to reach support.

If you have been on the fence, the smartest move is to look at the current offer with your own eyes. SEE THE LIVE OFFER AND DECIDE FOR YOURSELF, because spots, prices and discounts can change, and the best deal tends to go to the people who check early.

Futures and options trading involves real risk. Nothing here is financial or professional advice; do your own due diligence.