Quick Verdict: Deceptive Marketing and a "Wine Salesman" Reality
Is GOAT Academy Legit? Our investigation strongly suggests that Felix Prehn and GOAT Academy rely on highly deceptive marketing tactics. Public records reveal that "Felix Prehn" is actually Nikolas Prehn, an artist and former wine salesman for his family's alcohol business, not the Wall Street investment banker he portrays.
Users consistently report difficulty obtaining the “guaranteed” refund, tiered pricing based on wealth, and a trading strategy with a negative expected return. We advise traders to avoid GOAT Academy and instead use high-probability options strategies to gain a mathematical edge.
Felix Prehn & GOAT Academy: 2026 Status Update
As of April 2026, Felix Prehn and GOAT Academy are still actively marketing trading courses through paid YouTube ads, Instagram, and Facebook. Recent developments:
- GOAT Academy has reportedly raised pricing on its flagship mentorship program
- Multiple new complaints have surfaced on Trustpilot, Reddit, and the Better Business Bureau
- Felix continues to claim he is a former institutional investment banker, despite public records identifying him as Nikolas Prehn, wine salesman for Viña Maria
- The refund policy remains effectively unenforceable according to student reports
- See recent discussions on r/options and Trustpilot for the latest student experiences.
Key Takeaways
- Felix Prehn's real name is Nikolas Prehn, a German artist and former wine salesman for his family's alcohol import business — not the Wall Street investment banker he portrays
- Public records and UK Companies House filings link him to Viña Maria, his family's alcohol import/export company
- GOAT Academy's trading strategy has a negative expected return per trade based on the numbers Felix himself provides
- The "100% Money Back Guarantee" has nearly-impossible fulfillment requirements — complete the course, execute specific trades for a full year, and submit a trade journal
- Multiple students report being denied refunds and forced to file credit card chargebacks
- Felix reportedly charges different prices based on a prospect's wealth level
- GOAT Academy has been observed filing DMCA/copyright claims to scrub negative reviews from the internet
- In my opinion, Felix Prehn is the second-most dangerous options "guru" I've ever reviewed (only Corey Benoit / Invest with Corey is worse)
Felix Prehn and Goat Academy review. Are Felix Prehn and Goat Academy legitimate?
Watch this video below and learn my opinion:
In my opinion, Felix Prehn is the second most dangerous predator that I've ever reviewed (the only person who's worse is Invest with Corey).
There are 9 primary reasons why Felix Prehn and GOAT Academy are a scam:
1)Felix Prehn is a compulsive liar
In the video above, Felix Prehn talks about working on the trading floor, getting an interview at a major investment bank because of a friend and then starting the next day.
As a former investment banker who has worked at numerous Wall Street investment banks this is not how the industry works.
Felix claims that his "banker friends" make "100% a year as their normal" - yet almost all hedge funds fail to beat the S&P 500.
If his fake "banker friends" made those returns then every one of them would be the richest people on earth within a short period of time.
2) Goat Academy's trading strategy is not profitable
Using the numbers that he provided, his strategy is illogical and not even close to being profitable.
Every trade that's made using his trading strategy has a negative expected return.
3) Course Materials are Poorly Organized and Available for Free Elsewhere
Members have stated that the course materials are poorly organized and repetitive. Nothing new is taught in the course that you couldn't learn for free elsewhere.
Additionally, Felix Prehn and GOAT Academy's trading strategy has a negative edge (meaning each trade is expected to lose money).
4) Felix Prehn uses manipulative marketing tactics
Boasting about his lifestyle, using animals to build trust with his audience and offering a fraudulent money-back guarantee and return policy that he does not honor are all examples of tactics that Felix uses to manipulate his audience.
Members MUST submit chargebacks to their credit card company and complain to their local government and law enforcement (FTC, FBI, etc.)
When complaining to Government Agencies, you MUST provide evidence with your claims or else it will not be investigated.
There are claims that Felix Prehn and GOAT Academy charges people different amounts based upon their account size.
See below:
Also, some members who take the course are disappointed, denied refunds and then forced to contact their credit card companies to issue a chargeback.
See below:
5) Felix Prehn fails to understand basic trading principles
Felix makes numerous mistakes that even beginner traders would not make (such as calculating his expected profit using the maximum loss number, instead of the premium collected).
I do not believe that Felix actually trades, instead I believe he only engages in hypothetical trading. He also never shares his verified trading statements.
6) Who is Felix Prehn? (The “Wine Salesman” Reality)
Felix is using an alias, as his real name is Nikolas Prehn.
He is described as an artist:
German artist Nikolas Prehn is internationally known for his appreciation and wonder of the natural world.
Nikolas paints on the peak of a mountain overlooking natural lush forests and a wide ocean – this energy is captured in his art. He uses only sustainably sourced natural rock from France and pure Japanese linseed oil.
Before rebranding as a trading guru, public records and UK Companies House filings link him to Viña Maria, his family’s alcohol import/export business.
In fact, older videos from circa 2016 show “Niko Prehn” selling wine for the family business - not trading on Wall Street.
This contradicts his marketing persona of being a high-flying investment banker who retired early solely from trading profits.
He may have owned a whiskey company, but that venture seems to have failed:
He is described as a "wine-importer" in an article about his marriage.
It seems that Nikolas Prehn's, grandfather (or great grandfather), Rudolf Prehn started an alcohol import / export business and Nikolas has worked there:
https://sourcing.hktdc.com/en/Supplier-Store-Directory/-/1X03SPV2
https://www.go4worldbusiness.com/member/view/1109446/rudolf-prehn-gmbh.html
Ironically, he has horrible reviews in this business as well.
It seems that all his previous work experience was in either art or as an alcohol importer / exporter.
In fact, the video below, recorded around 2016, shows him selling wine for his Grandfather's business Viña Maria SL.
There is zero evidence that Nikolas Prehn / Felix Prehn has any prior finance or trading experience at all.
7) Felix Prehn Steals Content
As evidenced here, Felix steals other creator's content and then passes it off as his own.
8) The “Unbeatable” Refund Policy Trap
One of the biggest complaints against GOAT Academy is the alleged “bait and switch” refund policy.
Marketing materials promise a “100% Money Back Guarantee.” However, numerous student reports indicate that to qualify, you must:
- Complete the entire course (which takes months).
- Execute specific trades for a full year.
- Submit a journal of every trade.
By the time you realize the strategy doesn’t work, the refund window has often closed, or the requirements are made impossibly tedious to fulfill.
9) The Strategy Flaw: “Risk Reversals” vs. The Financed Bull
Felix Prehn typically teaches a variation of the “Risk Reversal” strategy (Selling a Put to buy a Call) or the “Wheel Strategy.” While these are standard textbook strategies, the way GOAT Academy teaches them often exposes traders to unnecessary risk.
Where Felix’s Strategy Fails:
- Buying Breakouts and Naked Calls: Felix often suggests selling a put to finance a Naked Call. The problem? Naked calls suffer from Theta Decay (time erosion). If the stock doesn’t move fast enough, your call expires worthless, and you took on downside risk for nothing.
- Lack of Risk Definition: His material often glosses over the “VIX Filter.” Selling puts when Volatility (VIX) is low implies you are collecting pennies in front of a steamroller.
Felix Prehn Net Worth: Trading Profits or Marketing Funnels?
We estimate that Felix Prehn's net worth is approximately $3 million USD, the vast majority of which appears to be derived from selling high-priced courses, mentorships, and memberships—not from market outperformance.
While Felix claims to have built his wealth as a high-level investment banker, he frequently makes statements about the banking industry that contradict standard Wall Street practices. In our opinion, it is highly unlikely that he worked as, or generated his wealth as, an institutional investment banker.
Furthermore, his family's wine business, Viña Maria, claims to be "the Market Leader since 1928," a marketing statement that appears highly questionable upon closer inspection.
Ultimately, we believe that virtually all of Felix Prehn's wealth and net worth is tied to his highly optimized sales funnels and his ability to convince beginners to pay for his trading memberships, rather than a verified, profitable trading track record.
A Better Way: The “Financed Bull” Strategy
You don’t need to pay $4,000+ for basic trading theory that loses money.
At BestStockStrategy, we use a specific variation called the “Financed Bull”. Instead of buying a naked call (like Felix), we Buy a Call Debit Spread.
- Cheaper & Safer: A Call Debit Spread cancels out much of the Theta Decay.
- Financed Cost: We sell a naked put only on large-cap market leaders (like AMZN or GOOGL) at a strike price where we actually want to own the stock.
- The Result: We finance the Call Debit Spread with the Put premium. This allows us to enter the trade for Zero Cost or a Net Credit.
By using a spread instead of a single call, we drastically increase our probability of profit, aiming to win up to 98% of trades rather than gambling on a directional breakout.
Stop Gambling. Start Winning.
Don’t let a “guru” burn your account. Learn the strategy that prioritizes capital preservation and consistent wins. Get the "Financed Bull" Strategy (14-Day Trial)
Conclusion: Felix Prehn and Goat Academy Review
In my opinion, Felix Prehn from Goat Academy is a scam and he is one of the most dangerous predators I've ever reviewed.
Yes, I know that sounds hyperbolic, but the only person who is worse would be Corey Benoit from Invest with Corey.
I believe that Felix's primary intention is to take money from his audience by any means necessary.
Goat Academy members who are not satisfied should request a refund and then wait 3 days for them to respond with proof of your refund.
If they fail to refund you, then members should consider filing a chargeback with their credit card company and also filing a complaint with their local law enforcement agency and / or Government Agency that investigates scams and fraud.
Consumer Resources & Protection
If you feel you have been misled by Felix Prehn, GOAT Academy, or any other high-priced trading course, you have the right to report deceptive marketing practices or unhonored refund policies.
We recommend contacting the following government and regulatory agencies to file a consumer complaint:
- Federal Trade Commission (FTC): Report Fraud & Deceptive Advertising
- Securities and Exchange Commission (SEC):Submit an Investment Fraud Tip
- Find Your State Attorney General: USA.gov Consumer Protection
- Consumer.gov:
https://www.consumer.gov/ - Better Business Bureau (BBB):
https://www.bbb.org/file-a-complaint
Note: Because Felix Prehn operates internationally, US-based agencies often coordinate with international financial regulators to investigate claims of deceptive practices that target American citizens.
Related Reading:
Guide to Selling Option Premium
How James Cordier & OptionSellers lost $150MM
How Much Money Do You Need to Sell Options
Frequently Asked Questions (FAQs): Felix Prehn and GOAT Academy Reviews
Is Felix Prehn a fraud and scam artist?
In my opinion, based on his marketing behavior, Felix is a highly manipulative, narcissistic individual who frequently relies on falsehoods to sell his products. I believe he is one of the worst "gurus" I’ve ever reviewed.
What is Felix Prehn’s net worth?
We estimate that Felix Prehn’s net worth is about $3 million USD, almost all of which comes from selling courses, mentorship programs, and memberships, rather than from actual trading.
Felix Prehn real name: What is Felix Prehn's real name?
Felix Prehn’s real name is Nikolas Prehn. There is zero proof he worked as an institutional investment banker. The majority of his work history appears to be in alcohol and wine sales for his family's business (Viña Maria), and as an artist.
Are GOAT Academy memberships worth it?
In my opinion, joining GOAT Academy would be an enormous mistake. I believe that almost all of Felix’s members will lose money, and reviews highlight a pattern of frustration regarding upsell tactics and denied refunds. We highly recommend learning options trading elsewhere.