The short verdict on Warrior Trading
Warrior Trading is a real, legally operating day-trading education company run by Ross Cameron, and calling it a scam oversimplifies what actually happened. The honest verdict is that the company settled a 2022 Federal Trade Commission action over how it marketed student outcomes, while Cameron's own trading results are independently reviewed and appear genuine.
The tension that matters for a buyer is the gap between those two facts. His results can be real and verified, and most paying students can still lose money trying to copy them, because the two questions have nothing to do with each other.
I have not subscribed to Warrior Trading, so what follows is an editorial read of the FTC record and the company's own disclosures, not a claim that I sat in the room.
If you want a live trading room I have actually tested, the futures Discords I reviewed here and the rooms I link at the end of this page are the ones I would spend my own money on. The rest of this review explains why Warrior is a different bet.
The four questions every Warrior Trading review conflates
Almost every ranking review muddles four separate questions into one vague "is it legit" answer. The whole point of reading this page is to get them separated, because each one has a different evidence bar.
| The question | The short, sourced answer |
|---|---|
| Did the FTC sue Warrior Trading? | Yes. Settled in 2022 for $3 million over deceptive marketing of student results, not over fake personal results. |
| Are Ross Cameron's trading results real? | His brokerage statements are independently reviewed by the CPA firm SingerLewak and show large, documented gains. |
| Does that review prove students can replicate the results? | No. It verifies his statements match what he reported, and says nothing about student outcomes. |
| Did Warrior students actually make money? | Per the FTC complaint citing Warrior's own simulator data, the vast majority lost money. |
Hold those four apart and the rest of the review falls out of them. I treat the third row as the one that decides whether the course is worth it for you personally, because it is where most buyers trip.
The FTC action, stated precisely
In April 2022 the FTC filed a complaint against Warrior Trading, Inc., Warrior Operating Inc., and Ross Cameron individually, in the U.S. District Court for the District of Massachusetts.
The case was filed as case number 3:22-cv-30048-MGM and is tracked by the FTC under case reference 2023198.
The matter was resolved by a stipulated order for permanent injunction plus a $3 million monetary judgment. A stipulated settlement means the defendants agreed to the terms without admitting liability, so it is accurate to say Warrior settled with the FTC and agreed to pay, not that it lost a contested trial verdict.
The FTC's allegation, covering conduct from January 2018 through March 2021, was that Warrior marketed Cameron's results in a way that implied customers could replicate his success. The FTC quoted Bureau of Consumer Protection Director Samuel Levine at the time saying Warrior Trading was "paying a heavy price for misleading consumers with bogus money-making claims," per the FTC case record.
What the FTC did not claim is the thing most people assume. The case was not about whether Cameron fabricated his own trades, and the order did not find that his personal results were invented.
It was about the marketing of student replicability, which is a different and narrower complaint.
The specific marketing the FTC flagged included claims that the strategies were "profitable" and "scalable" and implied that customers could replicate Cameron's success trading accounts up to $10,000 and $100,000. What stands out to me in the filing is that none of those words are illegal on their own, but the FTC's case was that the implied replicability was not substantiated by what students actually experienced.
There is a concrete postscript that gives the settlement teeth. The FTC reported returning more than $2.9 million to consumers in January 2023, which is verifiable on the FTC's own refunds page.
That money actually moved back to customers, which is stronger than a paper judgment.
What Warrior Trading actually is
Warrior Trading is a day-trading education company founded in 2012 by Ross Cameron and based in Great Barrington, Massachusetts. The product is a bundle of video courses, a live chat room, real-time trade alerts, a trading simulator, and a YouTube channel that has grown past one million subscribers.
The strategy Cameron teaches is small-cap and low-float momentum stock trading, intraday and long-biased, focused on stocks gapping on news with high relative volume. That is a specific and aggressive niche, and it is not the same skill as swing trading index futures or holding crypto, which matters when you compare it to other rooms.
One claim I want to flag rather than repeat is Warrior's assertion that Investopedia rated it the "Most Comprehensive Online Day Trading Course." That appears on Warrior's own site, and I could not independently pull the Investopedia award page to confirm the year or scope. Treat it as a brand claim, not a verified third-party endorsement.
The audited results, scoped honestly
Ross Cameron publishes what his site calls an Independent Accountant's Report by the Los Angeles CPA firm SingerLewak LLP, covering his brokerage statements. SingerLewak is a legitimate mid-market accounting firm, and the engagement is real, not a fictitious rubber stamp.
The reported figures run from a starting balance of $583.15 on January 1, 2017 to total gains of roughly $18.8 million as of the end of December 2025, per Warrior's verified earnings page. The firm notes the next update, covering through December 2026, is expected in the first quarter of 2027.
The scope of that review is where you have to be careful, and it is the part most reviews gloss over. The engagement verifies that Cameron's brokerage statements match the figures he reports, and it is narrower than a full financial audit.
It does not express an opinion on whether his strategy is replicable, and it has nothing to say about how students perform.
The skeptic position is therefore structural rather than accusatory. No reputable source I found claims the numbers are fake; the serious criticism is that a verified personal track record and a teachable, replicable method are two different things, and the audit only speaks to the first.
I find that distinction more useful than the louder "it is all a scam" framing you see on forums.
The student-outcomes question the audit cannot answer
This is the row from the table above that should weigh most on a buyer. The FTC complaint cited Warrior's own simulator data to assert that the vast majority of customers lost money, with a figure of around 74 percent losing money appearing in secondary summaries of the complaint.
I want to be careful with that number. It comes from Warrior's internal simulator as cited in the FTC's filing, not from a number a court independently adjudicated, so attribute it as the FTC's reading of Warrior's data rather than a verified industry statistic.
The directional claim, that most students did not profit, is the FTC's formal position and is not in dispute.
The honest synthesis is that Cameron can be a genuinely profitable trader with reviewed statements, and his students can still mostly lose money, because trading low-float momentum stocks in real time is a hard skill that a course transfers imperfectly. Those facts coexist, and a review that picks only one of them is lying to you by omission.
What the FTC settlement changed about Warrior's 2026 marketing
One concrete consequence of the 2022 order is that Warrior Trading now operates under a permanent injunction prohibiting unsubstantiated earnings claims and misrepresentations that the program can be profitable. That is not a cosmetic detail, and it reshapes what you see when you land on the site in 2026.
The prominent risk disclaimers on Warrior's current pages, the "most day traders lose money" framing, and the careful "results not typical" language are all direct products of operating under that injunction. I read the current marketing as meaningfully more restrained than the 2018 to 2021 promotional material the FTC cited, because it has to be.
That is useful for you as a buyer in two opposite directions. It means the current claims are cleaner than the ones that triggered the action, and it also means the company has a documented history of marketing that crossed the line the FTC enforces.
Both are true, and a balanced review holds them side by side rather than choosing the flattering one.
The practical test is to watch whether any 2026 promotional material implies a specific, scalable income you can replicate, because that is exactly what the injunction restricts. If you see it, that is a red flag against the order, and if you do not, the company is at least complying with the terms it agreed to.
What Warrior Trading costs in 2026
Pricing is the area where I have to hedge hardest, because my sources disagree and Warrior's own membership page is gated behind a sign-in for the full current figures. What I can confirm is that Warrior runs a tiered membership model, with Warrior Starter as the entry level and Warrior Pro as the full-access tier, plus paid add-ons like the Day Trade Dash scanner.
Older review sources cite a one-time model of roughly $797 for Starter and around $2,997 for Warrior Pro, and a 2025 Reddit thread still referenced Pro at about $3,000. A 2026 pricing guide instead lists a subscription model near $197 a month for Warrior Pro and $297 a month for an Inner Circle tier, and Warrior's own site shows the Day Trade Dash add-on at $147 a month for members and $197 a month for non-members.
The safe way to read this is that full Warrior Pro access costs somewhere in the low thousands as a one-time purchase or around $197 a month on the current subscription, depending on the bundle, and you should confirm the live number on Warrior's site before you pay. I will not state a single exact price as fact when the public sources do not agree on it.
Who Warrior Trading is for, and who it is not for
The course is aimed at people who specifically want to day-trade U.S. small-cap momentum stocks and are willing to sit in a live room during market hours.
If that is your intended market and you accept that most participants lose money at it, the educational production value is genuinely high and Cameron is more transparent than many competitors about his results and his losses.
It is a poor fit for a few clear cases. If you want to trade index futures, crypto, or forex, Warrior's niche is not your niche, and you would be paying for a curriculum that does not match your instruments.
If you are a complete beginner with no risk-management foundation, the FTC's own findings on student outcomes are a reason to build that foundation free before spending thousands on a course.
Reddit sentiment on r/Daytrading runs mixed-to-skeptical, and that is not cherry-picked. The recurring complaints are price relative to value, difficulty replicating the strategy live, and the fact that much of the content exists free on Cameron's YouTube channel.
The recurring praise is production quality, transparency relative to other gurus, and the community itself.
The way I read that split is that Cameron is treated as one of the more honest operators in a dishonest niche, which is a relative compliment rather than an absolute one. A room can be the least bad option in its category and still not be the right spend for a trader whose account and instruments do not match the strategy on offer.
None of that tells you whether you personally will profit, because no review can. What it tells you is that treating the purchase as a guaranteed path to Cameron's results is exactly the expectation the FTC settlement was about.
The live-room alternative, if you want one you can trial
My concern with recommending Warrior Trading unconditionally is structural rather than personal. It is a high-ticket equities course sold by a company operating under a permanent FTC injunction against unsubstantiated earnings claims, and the public data on student outcomes is not encouraging.
If your goal is a live trading room you can test cheaply and walk away from, that is a different product than a multi-thousand-dollar course.
The rooms I have actually tested run on a monthly subscription model with a trial or single-month entry, which lets you evaluate the live calls before you commit. The best futures trading Discords I ranked cover the index-futures and prop side, and the broader question of whether paid trading groups are worth it at all has its own verdict page.
If you want to compare any room, Warrior included, against an objective standard before you pay, the evaluation framework I use and the red-flag checklist are the two pages I would read first. Run Warrior through them and the decision gets a lot clearer than any single review can make it.