Hi, it doesn't have to be fraudulent to be exploitive and a tad seedy. They seem to operate two separate companies one for training one for trading. The training company will take (i believe) 5k off each individual, as you mentioned 200 people lets assume they achieve that, so thats 1000,000.00 gross (sweet), less their salary back to the "employees" for 12 weeks gives them roughly a net profit of 700k (loverly jubbly). (this has nothing to do with the investing/trading co.)
What happens to the business when they cant recruit more "staff", bearing in mind its an entirely separate legal entity to the trading co, which company is the employment contract with, which company are you paying?
By offering a little bit of money back at the end of the term they are touting it as a job, but in my opinion this is a just a sweetener, a sales trick, without the income given to the co. by the "employees" it wouldn't exist in the first place, its close to zero risk for them.
TBH the bit that really gets me is their micky mouse website with all the pretty pictures of people trading and words like "careers" and "peace of mind" on the same page that is advertising the training, but thats just me, i hate being sold to.
Anyhows im not getting at you with these posts, its just a personal opinion on the way they are presenting themselves.