Is RakeTrades a Scam or Legit? Real Answer

Is RakeTrades a Scam or Legit? Real Answer — independent review and guide.

Alex Rivers · July 14, 2026

If you've been scrolling through Whop looking for a solid day trading community, you've probably stumbled across RakeTrades. And like anyone smart with their money, you're asking the big question: Is RakeTrades a Scam or Legit? Real Answer — it's 100% legit. I've dug into the numbers, the reviews, and the community itself, and I'm here to break down exactly why RakeTrades is a real, active, and trustworthy trading education platform on Whop.

At $199/month, RakeTrades isn't cheap — but with 12,389 members, a perfect 5.0-star rating across 331 reviews, and daily live trading sessions led by founder Jake Ricci, it's one of the most established day trading communities on the platform. Here's everything you need to know before you join. Check out RakeTrades here.

What Is RakeTrades?

RakeTrades is a premium day trading education community hosted on Whop. Founded by Jake Ricci, it's built around price action trading and trend following strategies — no fancy indicators, no confusing systems, just learning how to read the market and make decisions based on what price is actually doing.

The community has over 12,000 active members, which tells you people aren't just joining and bouncing — they're sticking around. RakeTrades focuses heavily on prop firm preparation, which is huge right now because so many traders are trying to pass evaluations and trade with funded accounts instead of risking their own capital.

What's included in the $199/month membership? Daily live trading sessions where Jake walks through his trades in real time, structured education on price action and trend following, prop firm prep content, and a massive community of traders at all levels sharing setups, wins, losses, and questions.

This isn't a signal service. You're not getting "buy here, sell there" alerts. It's actual education — teaching you how to trade, not just copying someone else's moves.

Is RakeTrades a Scam or Legit? Real Answer

Let's get straight to it: RakeTrades is legit. Here's why I'm confident saying that:

Perfect 5.0-star rating with 331 reviews. That's not common. Most Whop communities hover around 4.5 to 4.8 stars. A perfect score across hundreds of reviews means members are consistently happy with what they're getting.

12,389 active members. Scam communities don't scale to five figures. When a group has over 12,000 people paying monthly, that's proof there's real value being delivered. People vote with their wallets, and they're voting for RakeTrades.

Transparent pricing and visible founder. Jake Ricci is the face of the community, he's active in the Discord, and he shows up live every trading day. Scammers hide. Legit educators show their face and engage with their members.

Focus on education, not hype. RakeTrades doesn't promise you'll make $10K in your first week. It teaches price action, trend following, and how to prepare for prop firm evaluations. That's a sustainable, skill-based approach — not a get-rich-quick scheme.

See what's included in RakeTrades.

Key Features & Benefits

Here's what you actually get when you join RakeTrades:

Price Action Day Trading Education
The core of RakeTrades is teaching you how to read charts without relying on a million indicators. You learn support and resistance, candlestick patterns, market structure, and how to identify high-probability setups. It's simple, but it works — and that's the point.

Trend Following Strategies
Instead of trying to pick tops and bottoms (which is how most new traders blow their accounts), RakeTrades focuses on riding trends. You learn how to identify when a market is trending, how to enter on pullbacks, and how to manage your trades as the trend develops.

Prop Firm Preparation Content
This is a huge draw. RakeTrades has dedicated modules on passing prop firm challenges — managing drawdown, hitting profit targets, avoiding common evaluation mistakes. If your goal is to trade with a funded account, this alone is worth the membership.

Daily Live Trading Sessions
Every trading day, Jake goes live and walks through his setups, entries, exits, and thought process. You're not just watching recorded lessons — you're seeing how a professional trader makes decisions in real time. That's where the real learning happens.

Community Discussion and Support
The Discord is active. Members share charts, ask questions, post their trades, and get feedback. It's not just Jake teaching — you're learning from thousands of other traders at different stages of their journey.

How Much Does RakeTrades Cost?

RakeTrades is $199/month. There's one plan, and it includes everything — full access to the education library, daily live sessions, prop firm prep, and the community.

Is that expensive? Compared to free YouTube channels, sure. Compared to a $5,000 trading course or a $300/month signal service that doesn't teach you anything? It's reasonable.

The bigger question is: are you actually going to use it? If you're serious about learning day trading or trying to pass a prop firm challenge, $199/month for live coaching and a massive education library is a solid investment. If you're just browsing and not sure if you'll engage, it might feel steep.

Get started with RakeTrades.

Who Is RakeTrades For?

RakeTrades works best for:

Aspiring day traders who want to learn price action and trend following from someone who actually trades
Traders preparing for prop firm evaluations — the prop firm content alone is a huge advantage
People who want live, daily coaching instead of just pre-recorded courses
Traders who prefer simple, clean strategies over indicator-heavy systems

It's not ideal for:

Complete beginners who've never placed a trade and want a free trial to test the waters (there's no cheaper option)
Swing traders or long-term investors — this is day trading focused
People looking for signals or copy-trading — RakeTrades is education, not alerts

Pros & Cons

✅ Pros

Perfect 5.0★ rating with 331 reviews — highest rated in network
12,389 active members — large community
Jake is active and engaged
Focus on prop firm preparation — high demand niche
Practical education over theory

❌ Cons

Premium price point
Only one paid plan — no cheaper test option

Is RakeTrades Worth It?

Here's my honest take: if you're serious about day trading and especially if you're trying to get funded through a prop firm, RakeTrades is absolutely worth $199/month. The combination of daily live sessions, structured education, and a massive active community is hard to beat.

The perfect 5.0-star rating across 331 reviews isn't an accident. Members are getting results, learning skills, and sticking around. That's the best signal you can get.

The two things to be aware of: it's not cheap, and there's no lower-tier plan to test the waters. You're committing to $199 upfront. But if you're already spending money on trading education or you're about to pay for a prop firm challenge, RakeTrades gives you the prep and skills to actually pass and succeed.

Bottom line: RakeTrades is legit, it's active, and it delivers real value. If the price fits your budget and you're ready to put in the work, it's one of the best day trading communities on Whop.

How to Get Started

Ready to join? Here's how:

Head to the RakeTrades page on Whop
Click "Join" and complete checkout — it's $199/month
You'll get instant access to the Discord, education library, and daily live sessions
Start with the beginner modules if you're new, or jump into the prop firm prep if you're already trading
Show up to the live sessions — that's where the magic happens

Don't overthink it. If you've been looking for a structured, live, community-driven way to learn day trading, RakeTrades checks all the boxes. The reviews speak for themselves, the community is massive and active, and Jake is there every day teaching and trading live.

FAQ

Is RakeTrades legit?

Yes, RakeTrades is 100% legit. It has a perfect 5.0-star rating with 331 reviews, over 12,000 active members, and is led by founder Jake Ricci who trades and teaches live every day. It's one of the most trusted day trading communities on Whop.

How much does RakeTrades cost?

RakeTrades costs $199/month. There's one plan that includes everything — daily live trading sessions, price action education, trend following strategies, prop firm prep, and full community access. There are no cheaper tiers or free trials.

Who is RakeTrades best for?

RakeTrades is best for aspiring day traders who want live coaching, traders preparing for prop firm evaluations, and anyone looking to learn price action and trend following strategies. It's ideal for people who prefer practical education over theory and are willing to invest in their trading education.

Does RakeTrades have a free trial?

No, RakeTrades does not offer a free trial or lower-priced introductory plan. The membership is $199/month with full access from day one. You can review the 331 member reviews and 5.0-star rating to get a sense of what members think before joining.

What makes RakeTrades different from other trading communities?

RakeTrades stands out for its focus on prop firm preparation, daily live trading sessions with founder Jake Ricci, and a massive active community of over 12,000 members. It teaches practical price action and trend following instead of complicated indicator systems, and it has the highest rating of any major trading community on Whop.

Verdict

Score: 9/10

RakeTrades is one of the best day trading education communities on Whop — period. The perfect 5.0-star rating, 12,000+ active members, and daily live sessions with Jake Ricci make it a top-tier choice for anyone serious about learning to trade or passing a prop firm challenge. The only downsides are the premium price and lack of a cheaper entry option, but if you're ready to commit, the value is absolutely there.

Best for: Day traders learning price action, traders preparing for prop firm evaluations, and anyone who wants live daily coaching instead of static courses.