Enrique Moris: the Spanish trading guru flooding YouTube with easy-money promises

Enrique Moris: the trading guru promising wealth from Andorra and racking up complaints

How many times have you seen this ad on YouTube? A guy who looks like a used car salesman promises you can earn 500-800 euros a month by copying his trades, that he'll lend you 100,000 euros to invest on your behalf, and that if you're not convinced, he'll throw in a course worth 500 euros for free. It sounds like a scam, it smells like a scam, and according to the figures circulating, it is a scam.

The business of trading signals and funded accounts

Enrique Moris presents himself as a successful trader living in Andorra, a tax haven that lets him dodge Spain's CNMV (the securities market regulator). His business model combines three pillars: selling subscription-based trading signals, offering training courses and, above all, so-called "funded accounts". In promotional videos he claims he gives you 100,000 euros to manage, letting you keep the profits. But the fine print tells another story: users report that after paying 160 euros for a course, they are signed up for a 2,000-euro loan without their consent through finance companies like Sequra. If you stop paying, the threats begin.

According to reports that have come to light, Spain's consumer organization OCU has accumulated thousands of complaints against his company. The Elche police are reportedly gathering complaints from across Spain for a possible class action. The argument that selling signals is legal only holds if it is done transparently and without false promises; the problem here is that the promises are false and the loans are allegedly fraudulent. Some users have reported that Moris threatens to kill those who criticize him, and that he has even hacked the accounts of YouTubers who went after him.

Why is he still on YouTube? The Andorran refuge and the CNMV's impotence

The question many people ask is why someone with this track record is still roaming free on YouTube. The answer is that he lives in Andorra, which complicates any legal action by the Spanish authorities. The CNMV reportedly already has open proceedings, but judicial cooperation with the principality is not immediate. Meanwhile, the "guru" is rubbing his hands: he invests in YouTube ads to lure in new victims, and the platform keeps collecting for those unfiltered ads.

The investor community has been denouncing him for years. He is said to have a self-declared fortune of 50 million euros, a figure some doubt. With that kind of money, why would he need to sell 160-euro courses? The answer is obvious: the business isn't teaching people to trade, it's deceiving vulnerable people with promises of easy income.

The antidote: Brave and ad blocking

Faced with the impotence of the regulators, the most practical solution is technical. More and more users recommend browsers like Brave, which blocks ads natively, or YouTube Revanced, which removes advertising. The irony is that Moris himself funds his ads with his YouTube revenue, and the users complaining about seeing him over and over are the very ones who could stop seeing him with a simple browser switch. But until the CNMV acts, the loop will continue: Moris invests in ads, attracts new suckers, and they end up on debtors' lists.

How long will this farce last? Complaints are piling up, victims are organizing, and the CNMV seems to look the other way. Or maybe it can't look, because he's the one in Andorra. The day one victim decides to go further, this house of cards may come tumbling down. Meanwhile, if you see his ad, click "Not interested" and, while you're at it, install an ad blocker. It's cheaper than the course.