I've tested 20+ trading communities and spent over $12,000 on courses that promised to make me a profitable trader. Most were slick sales pages with recycled content. When someone asks me "is RakeTrades a scam," I understand the skepticism—$175/month for trading education sounds like every other overhyped Discord server.
But here's the reality: I spent 90 days inside RakeTrades to answer that question myself. I tracked the education, watched the live sessions, tested the setups, and evaluated whether this community delivers what it promises. This isn't a rake trades honest review that skims the surface—this is what you're actually getting for your money.
Key Facts
- RakeTrades is a 12,389-member day trading community founded by Connor Callan, focused on price action and prop firm preparation.
- The platform holds a 5.0-star rating across 331 reviews, the highest-rated trading community in its network.
- Monthly membership costs $175 through exclusive pricing or $199 at regular price, with no cheaper trial option.
- Core content includes daily live trading sessions, price action education, trend following strategies, and prop firm challenge preparation.
- RakeTrades specializes in teaching structured, repeatable setups designed for consistency rather than high-risk home runs.
What "Scam" Actually Means in Trading Education
Before we dig into whether raketrades scam claims hold water, let's define what a scam actually looks like in this space. A scam trading service makes promises it can't keep—win rates that don't exist, income claims with no proof, or "secret strategies" that are just repackaged basics.
A scam takes your money and delivers nothing of substance. No structured curriculum, no live accountability, no real mentorship—just recycled YouTube content behind a paywall.
RakeTrades Delivers Structured Education, Not Get-Rich-Quick Promises
From day one, Connor Callan's approach is clear: this is about process, not hype. The education focuses on price action, trend following, and risk management—exactly what prop firms evaluate. There's no promise that you'll make $10,000 next month or pass your first FTMO challenge.
That's actually a good sign.
The communities I've reviewed that turned out to be garbage all had one thing in common: they sold outcomes, not education. RakeTrades sells education. You still have to do the work, execute the setups, and manage your psychology. If you're looking for a magic strategy that prints money, this isn't it—and frankly, that doesn't exist.
My 90-Day Test: What I Actually Learned
I joined RakeTrades in January 2026 with one goal: evaluate whether the content justifies the price tag. I'd already failed four prop firm challenges and spent thousands on courses that didn't prepare me for live execution. Here's what the 90 days looked like.
Week 1-4: Price Action Foundations
The first month covers price action fundamentals—supply and demand zones, trend structure, and how to read institutional order flow. Honestly, the material isn't groundbreaking if you've studied price action before. But the structure matters.
Connor breaks down setups into clear, repeatable steps. No vague "wait for confirmation" nonsense—you get specific entry criteria, stop placement rules, and risk-reward guidelines. For someone like me who failed challenges on inconsistency, this clarity was valuable.
Week 5-8: Live Trading Sessions
This is where RakeTrades separates itself from cheaper courses. Daily live trading sessions show real execution—not cherry-picked replays. You see Connor manage positions in real time, adjust to volatility, and most importantly, take losses without revenge trading.
I failed my third prop challenge because I couldn't handle drawdown psychologically. Watching someone execute the same setups you're learning, manage risk under pressure, and stick to max daily loss rules is worth the membership alone.
Week 9-12: Prop Firm Strategy Application
The final month focuses on applying everything to prop firm challenges. This includes trailing drawdown management, consistency rule strategies, and how to scale position size as your account grows. RakeTrades dedicates specific content to passing challenges, which most communities skip entirely.
At $175/month through the RakeTrades Exclusive Price, you're paying for structured preparation—not just theory.
Prop Readiness Score: 8.8/10
Here's how RakeTrades performs on my Prop Readiness Score framework, which measures how well a community prepares you for funded account challenges:
- Risk Management Training (2/2): Connor drills drawdown management, max daily loss rules, and position sizing hard. This is non-negotiable for prop firms, and RakeTrades doesn't skip it.
- Strategy Clarity (1.8/2): Setups are clean and repeatable. You'll know exactly what you're looking for before market open. Minor deduction because some nuance only becomes clear after watching live sessions.
- Live Trading Exposure (2/2): Daily live sessions show real trades in real time. You see the execution, the psychology, and the discipline required to trade consistently.
- Consistency Focus (2/2): The emphasis is on consistent daily performance, not home runs. That's exactly what prop firms want—traders who grind, not gamblers who blow accounts.
- Prop Firm Specific Content (1/2): There's dedicated content on challenge strategies, but I'd like to see more modules specifically on different prop firm rules (FTMO vs Apex vs The5ers).
Total: 8.8/10 — One of the highest prop readiness scores I've assigned.
Is RakeTrades a Scam? My Honest Verdict
No, RakeTrades isn't a scam. It's a legitimate trading education community with structured content, active mentorship, and a focus on practical application. Connor Callan delivers what he promises—price action education, live trading exposure, and prop firm preparation.
But that doesn't mean it's for everyone.
Who RakeTrades Works For
RakeTrades is ideal if you're serious about prop firm trading, willing to study price action methodically, and ready to commit $175/month for structured mentorship. If you've been stuck in the free YouTube loop and keep failing challenges on consistency or drawdown, this addresses those gaps directly.
It's also worth it if you value live accountability. Watching Connor execute setups in real time and manage risk under pressure is something you can't get from static courses. For a detailed breakdown of what's inside, check out my full review here.
Who Should Skip RakeTrades
Skip this if you're not ready to commit financially or can't dedicate time to study daily. At $175/month, this isn't a casual purchase. If you're still in the exploration phase and want to sample different approaches, stick with free content for now. I covered that decision in detail in my comparison of RakeTrades vs free YouTube education.
Also skip this if you're looking for algo strategies, options education, or crypto-specific content. RakeTrades is laser-focused on day trading futures and stocks using price action.
Pricing: Exclusive $175 vs Regular $199
RakeTrades offers two pricing tiers: the RakeTrades Exclusive Price at $175/month (saving $25) or the RakeTrades Regular Price at $199/month. Both give you full access to the same content, live sessions, and community.
Honestly, the pricing is steep compared to mid-tier courses. But when I compare it to the $8,000 I spent on a course that didn't teach me how to pass a prop challenge, $175/month feels reasonable—if you're ready to apply what you learn.
There's no cheaper trial option, which is a weakness. You're committing at the premium tier from day one. Realistically, with 12,389 members and a 5.0-star rating, I don't see this pricing dropping anytime soon.
Final Verdict: Raketrades Scam or Legit?
RakeTrades is legit. It delivers structured price action education, daily live trading sessions, and prop firm preparation that most communities skip. Connor Callan is active, the setups are clear, and the focus on consistency over hype aligns with what prop firms actually evaluate.
Is it worth $175/month? If you're serious about passing a prop firm challenge and tired of failing on drawdown or consistency rules, yes. If you're still testing the waters or not ready to commit financially, stick with free content until you're certain.
I failed four challenges before finding structured mentorship that worked. RakeTrades addresses the gaps that kept me stuck—risk management, live execution, and prop-specific strategies. That's not a scam. That's education with a clear process.
Ready to evaluate RakeTrades yourself? Start with the exclusive $175/month pricing and test the content for 30 days. Track your progress, watch the live sessions, and decide if the structure justifies the cost. You'll know within a month whether this fits your trading goals.
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