Testimonial Disclosure

When a business shows you someone who succeeded, it is telling you something about what you can expect. United States advertising rules treat it that way too: an endorsement that depicts a central attribute of a product communicates that the endorser's experience is representative of what customers generally get. If the business cannot substantiate that, it has to disclose what customers generally achieve — and substantiate that number as well.

Trade142 does not have that data. We have not been running long enough, at enough scale, with enough tracking, to make an honest statement about what students generally achieve. Until we can, any testimonial we published would be implying something we cannot support.

A "results not typical" line underneath does not fix it. The Federal Trade Commission has published its own copy-testing finding that such disclaimers do not adequately reduce what the advertisement communicates. So we do not use one, because using one would be pretending to solve the problem.

The shorter version

There is a well-documented pattern of trading educators pointing at other people's wins as evidence that the training works. We are not going to do the softer version of that. When we have real data, we will publish the real number, including the parts of it that are not flattering.

This rule is enforced in the content system, not left to whoever is writing that week to remember.

If and when a testimonial is ever published, each of the following would appear next to it, prominently, and would not be collapsible or hidden behind a link:

• That the testimonial may not be representative of the experience of other clients.
• That the testimonial is no guarantee of future performance or success.
• Where more than a nominal sum was paid for it, that it is a paid testimonial.
• A substantiated statement of what students generally achieve, with the evidence retained and producible on request.
• Any material connection between the person and Trade142 — see the next section.

If the statement contains or implies any figure — dollars, points, percentage return, win rate, account size — it also carries the hypothetical-performance statement reproduced in the Risk Disclosure, and we keep the underlying evidence for it. A number we cannot evidence does not get published, with or without a disclaimer.

A material connection is anything that would reasonably affect how much weight you give to what someone says about us. If it exists, it gets disclosed in the testimonial itself, in plain language, not buried in a legal page.

• Free or discounted access of any kind.
• Payment, a commission, or an affiliate arrangement.
• Employment, contracting, or any business relationship with Trade142 or James Norman.
• A prize, an entry into a draw, or any other incentive offered in exchange for the feedback.
• A current or former mentorship relationship, including alumni.

These are treated as results claims, not as illustrations, and the standing rule applies to them exactly as it applies to a written quote. A screenshot of a winning trade is a performance claim with a picture attached.

Charts used to teach are a different thing and are allowed: a marked-up historical chart shows how the framework's rules label price action that already happened. Where any simulated or hypothetical result is shown, the disclosure described in the Risk Disclosure appears immediately next to it.

The rule is not a website rule. It applies to every surface Trade142 controls or pays for — video, short-form clips, email, paid advertising, and anything an affiliate publishes on our behalf.

A spoken claim in a video carries the same weight as a written one, and a disclosure that only exists in a page footer does not travel with a clip. Where a video shows results, the disclosure has to be on screen, legible, and visible long enough to read.

If you find a student result, a testimonial, or a performance claim on any Trade142 property, in any advertisement, or in anything an affiliate has published about us, tell us at support@trade142.com. We will take it down while we check it against this page.

That includes claims made about us by people we did not ask. We would rather remove a flattering quote than keep one we cannot stand behind.