Open the official website of OWM at https://user2.owmtrader.com/register/trader/multi-step, click on the “Login” button to start registration and fill in personal information and identity verification, OWM to choose the type of account and set the currency of the account, as well as to create a password, agree to the terms and conditions of the completion of the submission. Once your account has been approved, you can make a deposit to activate your account and then download the OWM app or MetaTrader 4/5.
Profits Run positions itself as a prominent educational platform tailored for traders seeking to improve their skills in options trading and other investment strategies. Founded by Bill and Greg Poulos in 2001, this organization aims to provide a structured learning environment through a combination of courses, personalized coaching, and software tools. Targeting beginners and intermediate traders willing to invest in educational resources, Profits Run claims to offer comprehensive training that can significantly enhance trading acumen.
However, despite its well-marketed promise of education and support, potential customers must tread carefully. The platform has faced scrutiny due to frequent complaints regarding the efficacy of its training programs and customer service experiences. Many users have voiced concerns about aggressive marketing tactics, difficulties in obtaining refunds, and a lack of transparency regarding service quality. As such, while Profits Run may present itself as an opportunity for learning, the accompanying risks warrant caution for prospective clients.
Investors should be acutely aware of the potential pitfalls associated with engaging with Profits Run.
Key Risks:
Steps for Self-Verification:
| Dimension | Rating | Justification |
|---|---|---|
| Trustworthiness | 2.5 | Mixed reviews and regulatory concerns. |
| Trading Costs | 3.5 | Competitive commissions but hidden fees. |
| Platforms & Tools | 3.0 | Good tools, but lack of advanced features. |
| User Experience | 3.5 | Varied experiences reported. |
| Customer Support | 2.0 | Significant complaints about responsiveness. |
| Account Conditions | 3.0 | Standard conditions but lack of clarity. |
Profits Run, Inc. was founded in 2001 by Bill and Gregory Poulos. The company is headquartered in Wixom, Michigan, and specializes in providing educational content for trading stocks, options, forex, and cryptocurrency. Over the past two decades, Profits Run has established itself by offering various training programs, emphasizing a methodical approach to trading while advocating for risk management.
Profits Runs primary focus encompasses options trading, stock analysis, and forex education. They claim to provide a range of courses aimed at both novice and experienced traders. Despite having a profound marketing presence, there are concerns regarding the firm's regulatory status. Notably, Profits Run is not regulated, which may raise flags for risk-averse investors.
| Detail | Information |
|---|---|
| Regulation | Not regulated |
| Minimum Deposit | $2,000 |
| Leverage | Up to 1:50 |
| Major Fees | Withdrawal fees may apply |
Profits Run presents itself as an educational platform with a focus on risk management and trader education. However, their lack of regulatory oversight raises concerns about reliability and accountability. With no official financial authority endorsing their activities, potential users should proceed with caution.
Despite an A+ rating on the Better Business Bureau site, feedback is mixed. As one client remarked:
I threw away $2000 to find this out. First the videos they send are so far out of date..."
This comment underscores the importance of due diligence when investing in education.
Profits Run offers a competitive commission structure, making it appealing for low-cost traders seeking to enter the options market.
However, its essential to pay attention to potential hidden fees, specifically withdrawal fees. Users have reported unexpected charges. For example:
“They upsold me for $77 using very questionable marketing.”
This emphasizes the need for clear communication regarding costs.
While their trading platform presents an attractive low-entry cost, the hidden fees can accumulate and offset the advantages for inexperienced traders.
Profits Run provides access to various trading platforms, including the Rapid Income Engine and options trading software. Their focus on education is evident in their structured programs.
The tools offered are generally appreciated, but there is criticism regarding their advanced features, which some traders find lacking compared to industry standards.
User experiences vary, with some emphasizing ease of use, while others point out deficiencies:
“The coaching program is an excellent investment in time spent learning and practicing trading.”
This showcases the growing community around their educational offerings.
Understanding user experiences with Profits Run requires analyzing both positive testimonials and significant complaints. The divide in feedback highlights different experiences based on individual expectations and educational needs.
Customer service at Profits Run tends to receive more negative feedback compared to other aspects of their offerings. Users have often commented on the lack of responsiveness, particularly when they require assistance or wish to request refunds.
Profits Run sets standard account conditions, however, a lack of clarity has been reported. Customers have raised concerns about how effectively information regarding account restrictions and policies was conveyed upon sign-up.
Profits Run presents itself as an appealing platform for traders looking to expand their skills and profitability in the financial markets. While the educational resources and coaching can be invaluable for beginners to intermediate traders, the noteworthy risks associated with customer reviews and lack of regulatory oversight suggest that potential clients should approach with caution.
Investors must take the time to research alternative educational platforms, weigh their options, and ensure their investment aligns with personal trading goals and expectations. With the increasing digital landscape for trading, exploring regulated and transparent brokers might provide more reliable avenues for educational investment. Prospective customers should engage critically, verifying claims and seeking independent reviews before making commitments.
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