Is Option Profit Accelerator a Scam?
If you’re considering signing up to Option Profit Accelerator then you might already be familiar with the owner/s of this product. They’ve built a reputation on platforms such as Facebook and YouTube.
According to the promotional videos, the founders are the gurus of Options and stock trading. Their videos emphasise this over and over again, but are they credible?
Option Profit Accelerator is one of their programs and surprisingly, it’s being offered free of charge. It must be our lucky day.
The fact that you’ve taken a moment to scrutinize this product before signing up should be applauded. You’ve done yourself a huge favour. Your due diligence will save you from potentially wasting your time and money.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed, I’d like to let you know that I’m not linked to Option Profit Accelerator in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to show you the capabilities of this program and if it can help you build a full-time business working from home…
Option Profit Accelerator Product Review
- Name of Product: Option Profit Accelerator
- Owner: Jeff Bishop
- Type of Product: Options Trading E-Book
- Cost of Product: Free to download + various Upsells
- Who Is This Product Best For? Experienced traders that want to diversify into Options Trading.
Option Profit Accelerator Product Summary
Option Profit Accelerator is a coaching program combined with an eBook that is provided by the company at no expense. The product was developed by a renowned options trader named Jeff Bishops, but this program is not designed for everyone.
Options trading comes with many risks and it’s not something that anyone can make money from on a whim. Additionally, I’ve uncovered a few concerns regarding the owners of this product.
Product Rating: 50/100
Would I Recommend This Product: Not really!
Option Profit Accelerator Explained
Option Profit Accelerator might sound like a fancy trading program, however, it’s merely an eBook produced by a trader named Jeff Bishop.
The website’s homepage reminds me of a typical trading scam that comes with the usual hyped-up claims promising huge profits with little to no effort.
Jeff Bishop, the founder of Option Profit Accelerator is a well-known specialist in Options Trading.
He owns and runs a company named Raging Bull, which designs many trading systems for new starters.
Jeff is also associated with Jason Bond Picks, the founder of Biotech Trading and Biotech Breakouts. It appears that the two are collaborating on several projects.
Exploring Option Profit Accelerator?
Before we dive into the program, let’s take a look at what exactly this opportunity is all about.
As an investor, you have the choice of various types of assets to invest in. You can pick from exchange-traded funds, bonds, mutual funds, stocks and so on.
In addition to this, you can also choose from cryptocurrency, fixed deposits and real estate. What an Option does is it allows you to purchase or sell an underlying asset at a specific rate and date.
Therefore, you can trade and purchase Options for several reasons. Investors use Options predominantly to generate repeat income, and a lot of traders will keep hold of Options for future investments and speculation.
Options trading offers many profitable opportunities, however, this can backfire if you’re a newbie investor and have not done your homework or learnt how to manage risk.
As such, there’s a high probability of losing most of your investment on your initial trades instead of receiving a return on investment. This is where a nifty program such as Option Profit Accelerator steps into the picture.
The product is split into 2 sections, which are the eBook and the coaching program. Jeff states that he can supposedly show you how to identify trends that you can profit from. Can we trust this guy?
As a member, you can also be taught how to make the most of stock price movements and effectively manage the risks associated with options trading.
The coaching product is the bread and butter of the program. The eBook is bundled in as part of the coaching.
What Does The Option Profit Accelerator eBook Provide?
The eBook is quite detailed when you consider that it’s provided free of charge.
The initial pages provide you with an introduction to Options trading and also teaches you about Options pricing. The subjects that are taught here include volatility, interest rates, dividends, underlying stock price, time value and expiration.
Jeff also discusses how Options are traded, hedging stocks, trading volatility, directional trading as well as writing options to create an income and achieve profits.
Finally, the eBook will teach you how to catch the entire profit from smaller stock movements. He also discusses analysing indicators, money trends and charts.
How Much Is Option Profit Accelerator?
You don’t have to pay anything to access the coaching program. All you need to do is provide your email address to join the program. You can then download the eBook straight away.
You will receive various promotional emails from Jeff and Jason each week encouraging you to sign up to a different product named Weekly Money Multiplier, also created by Jeff.
In addition to this, there’s a further upsell from his associate Jason, asking you to sign up to a subscription product.
If you decide to purchase Weekly Money Multiplier, it will cost you a hefty $1,497. That’s not cheap.
Is There An Affiliate Program?
Sadly, Option Profit Accelerator does not provide an affiliate program. Furthermore, the product lacks a compensation plan. My guess is that the Upsells lack these features as well.
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Is Option Profit Accelerator The Right Product For You?
Option Profit Accelerator is designed for investors with a lot of trading experience and very knowledgeable about the Options industry. Chances are, you might lose money if you try this product on a whim and are new to the industry.
Option Profit Accelerator Exposed!
1). Options Trading Doesn’t Work For Everyone
You might know some of the terminology, and you might even have placed several investments previously, but even so, you can easily lose track of Options trading.
If you’re not highly experienced in this industry, then I’d recommend choosing an alternative product. Option Profit Accelerator is not designed for newcomers.
2). Your Risks Are Higher
Jeff has placed a disclaimer that warns about the risks of Options trading. Unlike other programs that hide their disclaimers deep inside the site, Jeff has put it somewhere easy to find on the website’s home page.
If you are experienced at managing investment risks then Options trading could possibly be viable. Jeff clearly states that you should NOT base any investment decision upon any materials found on his report or website.
3). Controversial Reputation
Although Jeff and Jason offer a genuine way to profit through Options trading, these two are not the most reputable traders. Members have posted numerous complaints stating that their system is unreliable and not something that a normal person could follow.
The Better Business Bureau page for Raging Bull is riddled with negative feedback from disgruntled investors and scholars. The main complaints on Raging Bull’s profile page are to do with the inferior system.
Beyond the BBB profile, you will find bad reviews for Option Profit Accelerator on other well-known forums such as Quora.
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Advantages of Option Profit Accelerator?
1). A Comprehensive eBook Is Provided Free Of Charge
Given that the eBook doesn’t cost anything, I was expecting to find a very basic level of introductory content, however, Jeff proved me wrong. He provides detailed information about Options trading and the various strategies involved.
The eBook is laid out in a format that is easy to follow, especially for investors that are still getting to grips with the technical terminology.
Is Option Profit Accelerator a Scam or Legit?
Option Profit Accelerator is a legitimate program, however, it’s not a program that’s designed for everyone, namely, newbies to Options trading. There are several flaws that I’ve uncovered and as such, I cannot recommend this product.
- The founders have a bad history of unreliable programs, therefore, I would not expect Option Profit Accelerator to be any different. Many investors have posted negative reviews about this program.
- The product is not suitable for everyone, particularly newcomers into the industry.
- Options trading comes with many risks, and you have to be aware of all the different things that can go wrong at any moment. You might lose more cash than you originally put in.
Nonetheless, if you’re an investment expert that knows their way around Options trading, then this program might be for you.
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes or trading programs, let’s just say that I’ve been caught short a few times.
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