Is The Forex Trading Coach a Scam or Legit? The Evidence (2026)
Affiliate disclosure: We're independent: not owned or run by The Forex Trading Coach. We're an affiliate partner and earn a commission if you buy through our links, at no extra cost to you. Full disclosure.
By The Forex Trading Coach Review Editorial Last reviewed: 7 Oct 2026
Short answer
No, it's legit. It's a real New Zealand-registered education business running since about 2009, and it's our top pick for traders who want real support and a community. As with almost every trading course, its trading results aren't independently audited, and a few former members are critical, so we lay out the evidence below. It's education, not an income promise.
The evidence
| Claim | What we found | Source | Checked |
|---|---|---|---|
| Is it a real company? | The Forex Trading Coach Limited, Nelson, New Zealand. Company no. 1807944, NZBN 9429034157374; registered 9 May 2006 (as Tradeforexsignals.com Ltd) and renamed The Forex Trading Coach Ltd in October 2009. | NZ Companies Office register | 7 Oct 2026 |
| How long has it operated? | Coaching since about 2009; Andrew Mitchem says he has traded since 2003. | TFTC public pages | 7 Oct 2026 |
| Reputation | About 4.7/5 from 178 reviews on Forex Peace Army (checked Oct 2026). | Forex Peace Army | 7 Oct 2026 |
| Critical reviews | A Trustpilot reviewer who says they were a member from 2023 to 2024 criticises TFTC for not providing a 12-month broker trade history. | Trustpilot | 7 Oct 2026 |
| Past red flags | In a 2011 Trade2Win thread, Andrew wrote that he had stopped posting results for his public 10k challenge. | Trade2Win | 7 Oct 2026 |
| Regulation | TFTC presents itself as an education provider. We found no regulator warnings naming it in our searches (Oct 2026). | Regulator searches (NZ FMA, Ontario Securities Commission, CFTC) | 7 Oct 2026 |
| Pattern Trader results | Vendor backtest of one bot +2,420% (33% max drawdown, 569 trades) vs the same bot live +59.9% (254 trades) | TFTC Pattern Trader site | 7 Oct 2026 |
TFTC's side
TFTC posts daily trade ideas for members and publishes testimonials on its own site. We do not reproduce those testimonials here. Its terms say course purchases are generally non-refundable, with one performance-based exception on a '20% return offer' package.
How to verify before you pay
- Ask for a broker-issued 12-month statement.
- Paper-trade alongside Andrew's free public YouTube videos and daily strength/weakness posts for 4–8 weeks.
- Read the refund terms before paying.
- Never use borrowed money.
Our conflict of interest
We earn a commission if you buy the course or Pattern Trader through our links. We still publish the critical evidence, and commissions never change scores.
Free buyer's checklist
Free: 15 questions to ask any trading coach before you pay
The Forex Course Due-Diligence Checklist, with how The Forex Trading Coach answers each where public.
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