4.98 out of 5 stars across 194 premium reviews. I don't throw that number around lightly, because in the trading education space, ratings like that are almost always fake or gamed.
So I went digging.
What I found was harder to dismiss than I expected.
RakeTrades is a trading membership and mastermind built by Jake, a full-time day trader who focuses on price action and trend. No indicators. No algorithms. Just reading the market the way it actually moves. The community has grown to over 13,000 store members since launching in 2023, with a paid tier sitting at 593 members at the time I checked.
If you're researching this before pulling out your card, you're in the right place. Here's my honest read.
👉 Check the current pricing and see if a welcome discount is available
This is a legitimate trading education community with a clear methodology, a live daily format, and a creator who appears to actually show up every day. For the price point, the bundle of content you get is substantial. The near-perfect review score isn't a fluke. It's consistent across both the free and premium tiers, which tells me it's not just hype from one excited cohort.
That said, $199 per month is real money, and I'll break down exactly what you're getting for it.
You've probably been there. You join a trading Discord, pay your entry fee, and spend the first week trying to decode a pinned PDF that refers to setups like "EFC into the RKO zone" with no further explanation. The mods are either absent or weirdly defensive. The chat is 90% people posting wins with zero context, and any question that sounds too basic gets ignored or mocked.
I've cycled through a few of those groups. The real cost isn't the subscription fee. It's the weeks you spend confused, trying to reverse-engineer a system someone clearly never intended to teach.
What stands out in the RakeTrades reviews is how often members specifically mention the opposite experience. One verified buyer wrote that they came from a different trading group where the rules for entries and exits were unclear and the chat had a "toxic and unhelpful feel." Their words about RakeTrades: "the complete opposite." That specific contrast is worth something, because it's not generic praise. It's someone who knows what bad looks like.
The premium tier is positioned as a membership and mastermind bundle. Based on the product listing at the time I reviewed it, here's what's included:
The full mastermind course covering futures and options trading
500+ trade reviews and bonus lessons (this is a big number and a big differentiator)
Daily watchlists and weekly newsletters
An automated key levels TradingView indicator
An in-depth personalized psychology tool
Trading channels and chat rooms
Daily live trading with Jake and his team
24/7 customer support
The 500+ trade reviews are worth pausing on. Most trading courses give you a strategy document and wish you luck. Trade reviews, when done well, are where the real learning happens. Watching someone walk through a real trade, explain what they saw, where they entered, and what went wrong or right, that's the feedback loop that actually builds competence. One reviewer specifically called out the trade reviews as instrumental in reinforcing the core concepts.
The live daily trading format is also notable. Jake teaches his system live over Zoom, which means you're not learning from a dusty pre-recorded video from 2021. You're watching someone apply the strategy in real-time market conditions, on the same chart you're looking at.
See the full breakdown of what's included before you subscribe
Jake describes himself as a full-time day trader focused on price action and trend. The "Rake" brand has clearly been built in public over time. One reviewer mentioned following Jake for "2+ years" before joining the Discord, specifically noting how he handled both big wins and losses with humility.
That detail matters more than people realize. There's a whole tier of trading influencers who are only visible when they're winning. The ones who post losses and talk through them honestly are rare, and they're disproportionately the ones actually worth learning from.
The Mastermind program is referred to as "MM 9.0" in at least one review, which suggests this isn't version one of a barely-tested curriculum. That kind of iterative versioning usually means real feedback has been incorporated over time.
The loneliness of learning to trade is something most people don't talk about enough.
You're usually staring at charts alone, second-guessing every decision, with no one to sanity-check your read on a setup. You might be in a few public stock forums, but those are mostly noise. Real-time feedback from people actually applying the same system as you, that's rare.
Multiple RakeTrades reviews touch on this directly. One member described their trading journey before joining as "very harsh and lonely," and said the community gave them the opportunity to connect with other traders they could trust moving forward. Another called the support from Jake and his moderators "top to bottom A++."
That community dynamic is part of what makes the premium membership more defensible at $199 per month. You're not just buying content. You're buying daily access to a room of people trying to get better at the same thing you're trying to get better at.
At the time I checked, RakeTrades Premium runs $199 per month. There's also a free tier called RakeTrades Free, which gives you access to a community Discord chat room and entry into periodic giveaways. That free product has 12,532 members, which means the vast majority of the community is on the free side.
The free tier is a legitimate way to sample the community before committing. Jake's system is introduced there, giveaways run through it, and the admins are reportedly responsive even for pre-membership questions (one reviewer praised the speed of admin responses before they'd even started the paid program).
For the premium tier: $199/month is on the higher end of the trading community space, but it's not unusual for a live daily mentorship format with this level of content depth. If you're comparing it to a one-time course, that framing doesn't quite fit. This is closer to ongoing coaching with daily live access and a course library built in.
One thing I'd check when you visit the page: Whop products at this price point sometimes show a first-visit discount popup. Worth landing on the page before assuming the listed price is final.
🎯 Verify the current price and check for any active discounts
271 total reviews across the store, with an average of 4.96. The premium product alone has 194 reviews at 4.98, with 191 being five stars and zero one-star or two-star ratings.
I'll be upfront: I approach numbers like these skeptically. But the review text matches the scores. The feedback is specific, references named features (MM recordings, trade reviews, the level system, the psychology tool), and includes complaints-turned-compliments from people who had bad experiences elsewhere. That texture is hard to fake at scale.
You can read through the RakeTrades member reviews yourself and judge the tone. That's due diligence worth doing before you spend $199.
This setup makes a lot of sense if:
You want to learn price action without relying on indicators or black-box alerts
You learn better in a live, real-time format than from self-paced videos
You've been burned by vague or toxic trading communities and want structure
You trade futures or options and want a systematic approach
It's probably not the right fit if:
You're looking for a pure signal service where someone just tells you what to buy
You're not willing to put in the learning time (the Mastermind is comprehensive, not passive)
The $199/month commitment doesn't fit your current situation (the free tier exists for a reason)
Strong, specific curriculum built around a defined price action methodology
Live daily trading with Jake and his team, not just recordings
500+ trade reviews as ongoing education, not a one-and-done course
Exceptional review score backed by specific, detailed feedback
Free entry point that lets you test the community before committing
Active moderation and support that members consistently call out by name
On the other side, $199/month is a real recurring expense, and the system requires genuine effort to learn. This isn't a passive alerts feed. That's actually a point in its favor for anyone serious about developing real trading skill, but it's worth setting expectations accurately.
I started this review skeptical of a 4.98-star average. I'm ending it with a clearer picture of why those numbers hold up. Jake has built something that's rarer than it sounds: a structured, teachable system delivered live every day, inside a community that members describe as genuinely supportive.
Think back to that group chat full of people confidently calling trades with zero explanation of why, where half the members seemed to be performing rather than learning. RakeTrades seems to be the antidote to that. The methodology is taught. The rules are clear. The community is moderated. The creator shows up.
At $199/month it's a real commitment. But the free tier gives you a legitimate way to evaluate before you spend anything.
Start with the free community and see what RakeTrades is about
Quick note: Trading involves real financial risk. Nothing in this review is professional financial advice. Do your own due diligence before committing capital to any strategy or educational program.