Filed
60% account loss, false historical claims, website abandoned — avoid Richard Metzger
I signed up with AlgorithmicTrading.net and paid a significant signup fee for their algorithmic trading service run by Richard Metzger. The results were consistently poor throughout 2025 — a pattern of small occasional gains followed by larger losses. The majority of months were losing months, with only 2–3 very small positive months across the year. The net result was a loss of approximately 60% of my account, on top of the expensive signup fee. None of this matched the historical performance claims made when selling the service. Now the website is completely down and Richard Metzger has gone silent — no responses to emails. Their sales representative Rich is also not answering phone calls. Notably, if you have active strategies running and haven't manually turned them off, they appear to still be executing. This seems intentional: by leaving losing strategies running rather than cutting access, he may be attempting to avoid liability for canceling services customers paid for — even as those strategies continue to erode accounts. This is a troubling pattern. Sell a service with inflated historical performance claims, deliver consistently losing strategies, go dark when things fall apart, and let the damage continue in the background. I would strongly caution against trusting any venture that Richard Metzger is involved in. The combination of misleading performance claims, poor real-world results, and what appears to be deliberate abandonment of paying customers says everything you need to know.
Filed by John J.