Agora Financial is a privately held publishing company operated in Baltimore Maryland. They are a subsidiary of The Agora. It is one of 30 independently operating companies in the Agora worldwide network. They publish books and newsletters that offer investment information, and financial insight. A closer look at Agora Financial Complaints.
Agora Financial Complaints Review
- Name – Agora Financial
- Website – agorafinancial.com
- Price – some $49 yr/ others $2-5,000 yr
- Owners – Bill Bonner
- Quality – Controversial / Misleading advice
- Overall Rank – 2
- Refunds – many subscriptions are non-refundable
- Verdict – Avoid -Too Many Complaints/no refunds
Agora Financial is a diverse publishing service that offers printed as well as online financial advice. They produce videos, online seminars, and conference calls.
The company is one of a network of 30 companies, originating from a single parent company, The Agora(formerly, Agora,inc.).These companies are information publishing companies,some real estate holdings, and restaurants.
The Original Founder – Bill Bonner
Agora,inc was founded by Bill Bonner in 1978 at Baltimore, Maryland. The Agora companies operate independently around the world and publish over 300 books and 120 newsletters. The combined revenue is over 500 million.
By 2015, Agora’s publishing companies claimed over one million readers worldwide Their subscriber lists include purchased conservative political mailing lists. Not surprisingly, the political message delivered by the newsletters was to agitate the middle class conservative voters.
The Agora was Charged by the SEC
The Agora was charged by the SEC in 2003 for publishing fraudulent information. However, they were not prosecuted for any crime. It was determined that they did not violate the First Amendment by publishing fraud.
Over Fifty Thousand Agora Financial Complaints
The rip off report claims that they have 53,282 Agora Financial complaints reported. Personally, I have to say, that is a large number of complaints.
I have read through some of the complaints, and most are complaints about not getting what they expected. People are unable to get refunds because most Agora products have a “no refund ” policy. Others complained they did not know the amount of funds needed to finance the options trading involved.
The God Key Drug Complaint
The rip-off report has complaints listed for agora financial that go back 12 years or more. One complaint posted more recently In January of 2018, was filed on James Altrucher/Agora Financial for a subscription going back to October of 2017. The complaint states that a product was offered as a cure for pancreatic cancer.
The original subscription cost $49, then an additional $240 to find out about the “GOD KEY” drug. After each phone call, he was repeatedly sold subsequent additional subscriptions for $2,000 then $2,500 and even $240 more.
Desperate for a Cure
He reported to date(at the time) he had yet to receive any information. The man reported he was desperately trying to save his wife, who was dying of pancreatic cancer. As far as I know, there is no cure for pancreatic cancer.
In all he had paid $5024 in fees and received nothing! He is 73 years old and his money is gone. He feels that Agora financial is a total rip off and a scam. I must admit after reading this complaint, I am a bit shocked. I have another pitch by James Altrucher that I discuss later on.
P*ssed Consumer Complaints
Another site, pissed consumer.com has another 325 complaints. I would think that something is wrong with this many complaints showing up.
I have read some of these complaints as well and they are much of the same, no refunds, poor product, poor support. Personally, I would think that AF could clear up some of these complaints. Some of these complaints are very recent, some are older.
Lassie Faire letter Complaint
Another complaint stated the customer tried the Laissez Faire letter(bought by AF in 2011) published by Agora Financial, and decided they didn’t want the newsletter.
But, when they tried to get their money back, they were offered an additional subscription. Why on earth would anyone want another year of a newsletter they don’t like?
Agora Financial is Good at Selling
Agora has a large variety of investment newsletters offering advice. They all seem to have something in common. Sensationalism! The sign up videos, are professionally written ads hellbent on whipping you into a frenzy to purchase the product. They are masters at selling!
Why are their products hyped so much? It sells! That is a fact, plain and simple and I understand that. But, I think people are shocked when they don’t get the expected outcome from the products they purchase. In my opinion, if the products are that good, they should carry a money back guarantee, and Agora should stand behind their products.
The Editors and Their Products
Agora Finacial produces a variety of products including electronic and printed products. They have 4 free newsletters. They are: Daily Reckoning, The Daily Edge, Technology Profits Daily, and The Rude Awakening.
The newsletters are sent to your email box daily. They arrive, loaded with ads and commentary promoting the various newsletters and books Agora Financial publishes.
Founder and executive publisher. Along with Bill Bonner, together they created the Daily Reckoning(free), one of the first internet email newsletters.
The Daily Reckoning always has the world coming to an end with some sensational story of disaster looming in the world somewhere. I must admit it was entertaining and fascinating stories to read. It was also filled with opinions and commentary on how avoid whatever calamity was coming.
I did find one complaint from March 2012, that called the Daily Reckoning Financial advice “Chicken Little” documentary, and a complete scam. I may be wrong, but it is hard to be a scam when it is free. However, it’s sole purpose is to sell you something.
Addison is also the editor for 5 Min. Forecast, Advisory Reserve, and Platinum Reserve.
Alan Knuckman – The 42 Day Retirement Plan
Alan is the editor for 42 Day Retirement plan, Alan Knuckman’s Power Trading Network, Dollar Trade Club, Vertical Fortunes,Weekly Wealth Alert(trading options)
The 42 day retirement plan claims to turn $1000 into $462,020 in just 42 days. Now I know, when something sounds too good to be true, it probably is. As I see what has happened to others when they call Agora, it is clear you are over matched by skilled salespeople. It is obvious that I don’t need to make that phone call.
Why? I know first hand how high pressure salesmen on the phone are deadly to your wealth.They are highly trained pros that won’t give up until you buy something!
Options and Futures Trading
I can imagine this 42 day plan has to involve options, or futures trading, to achieve that kind of gain. If I am not mistaken, you will need much more than $1000 to even think about trading options and futures.
I learned a lot over the years from those 4 free newsletters offered by Agora Financial, and I also traded some options and bought some commodity lots on my own. You can go down in flames quickly! It is extremely risky! And since most of the paid newsletters do not offer refunds, is just another reason why, I will say no thanks!.
Andrew Keene is the editor of The Alpha Shark research desk at Agora Financial. This includes the daily Alpha Shark Scanner PRO, Alpha Shark Letter, and the CryptoShark Trader.
These are paid subscriptions and involve trading options, and futures, along with buying the new crypto currencies. I don’t want to take on this kind of risk in my portfolio, and I don’t understand these crypto currencies.
These are also a phone call to subscribe to, so I will not subject myself to that. That opens the door for a hard sell sales pitch. Along with the “no refund” policy, I won’t be calling anytime soon. I might be wrong, but I won’t take the risk.
Greg Guenthner- managing editor of The Rude Awakening and editor of Profit Spy. Greig, working with a team of editors,also produces the Insider Weekly Wrap Up. This newsletter provides access to a company called Seven Figure Publishing. With a name like that, I ‘m thinking I will become a millionaire! But, once again, this is a phone call subscription. And, likely “no refunds”, so I say, “no thanks”.
Zach Scheidt is the editor for several newsletters at Agora Financial. Contact Income Alert,Dollar Trade Club,Family Wealth Circle, Income on Demand, Lifetime Income Report,The Takeover Alert, And Zach’s Weekly Squawk Box.
Zach is also the author of The Big Book of Income. The book is promoted as a free book. But, when people were billed $104.95, a slew of complaints followed, with people demanding refunds.
Subscription Purchase Required
Simple.You had to enroll into his $99 subscription to his newsletter, Zach’s Weekly Squawk Box to receive the so-called free book plus a $4.95 shipping fee. In my opinion, people get free books to signing up for free email newsletter lists all the time. People get upset when they are charged $99 for a newsletter.
I have not read or purchased all of these newsletters, but I have had a few over the years, and all of them were claiming to have the secret of great wealth. When I purchased them, I quickly found out, they did not. One called the Oxford Club was nothing more than philosophical commentary, that made for interesting reading and made my wallet lighter.
No Refunds is Always a Red Flag
Most of the products offered contain a “no refund policy”. Loans and Major purchases we make allow us a 72hr window to reject the purchase. Documents are given to us to allow us time to read it thoroughly. We can think about it, and change our minds if we want to. Any “No Refund” policy, is equal to “all sales are final”. In my opinion, that isn’t fair, or ethical.
Would you buy a car or a house with a policy like that? Maybe if I had the time to look it over and decide if I want to take that risk. Products ordered over the phone are too risky.
Pros and Cons of Agora Financial
- Offer 4 free newsletters ( you agree to receive email ads)
- Investment newsletters ( also contain third party ads)
- You can opt out of free newsletters at any time
- Large selection of products
- Printed and email publications
- investment and financial newsletters
- Commentary opinion newsletters
- Misleading information – some are get rich quick ideas
- Deceptive practices – Extreme promises, no refunds
- Poor customer service – ignore you, unresponsive, end all contact
- Cancelling subscriptions for no reason
- Many non-refundable subscriptions
- Some are extremely expensive – Lifetime memberships
- Many ads for additional products – so many products it seemingly never ends
- Very numerous amount of complaints- Mostly refunds, quality of products
Yelp Reviews of Agora Financial
I found more reviews posted on yelp. I have posted them here because they may help everyone decide before purchasing the Agora Financial products.
The Last Word
I must admit that this company has too many complaints.In my opinion, dealing with them is just to risky. Unfortunately, all to often, I hear complaints much like this. Products of this type are the products that seniors fall prey to.
Seniors are looking for ways to supplement their income and these grand get rich quick promises are the hook that they can’t resist.
Younger people fall for the hype as well, but they have time to recoup losses in their lifetime. For the seniors, it is too late for that.
I hope that this review helps You understand, it is buyer beware. Their are much better alternatives for investing, but they don’t have that fast, easy money flare!
The worst thing about these companies, is they will just stop talking to you when you ask for a refund. It is the most difficult when you can’t communicate.If you think you have been scammed, follow my checklist. Contact me if you need help, I will get back to you ASAP.
- Name – Agora Financial
- Website – AgoraFinancial.com
- Owner – Bill Bonner
- Cost – Varies
- Overall Rank – 2
- Verdict – Avoid– No Refunds/too many complaints
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