Binary options trading can be extremely profitable, and it is a relatively easy trading method. Therefore, a lot of people are jumping on board. However, there are also quite a lot of people trying to use the popularity of binary options trading to set up scams to steal money from innocent people.
Platinum Profits is an automated trading software system that claims to earn traders huge amount of money with little effort. Is this one of the trusted systems or just a scam? Read our Platinum Profits Review to find out.
Software: 100% Automated
Max Returns: Up to 86%
Minimum Deposit: $250
Countries: All nations
– Easy to use for new traders
– Software is 100% automated
– Brokers are not regulated
– Customer service does not respond to even basic inquiries let alone customer complaints
– No proof of success
– Withdrawal process is not reliable
Not Reliable Service
What is Platinum Profits?
Platinum Profits is a fully automated trading system that will use a series of mathematical algorithms to predict trades. The difference with this system is that it generates signals based on platinum, rather than other assets. The creator of the system, Ross Barker a self-proclaimed financial genius, says that he has discovered that the real potential of binary options trading lies within trading platinum as opposed to other assets or commodities.
This would all be well and good if we could find any proven results that this system actually works. Barker claims that Platinum Profits has a success rate of over 95%. This, of course, is just not a realistic winning percentage, as we always remind our readers. Even the most highly acclaimed trading systems only have a winning rate of around 85%. Anyone that promises anything higher than 90% is most likely trying to scam you.
How to get started
It is easy to sign up for Platinum Profits. You simply need to create an account with a broker that they recommend, and then you must fund your account with at least $250. Then you will be required to set your trading parameters. Once you do this, the system will make trades on your behalf.
First of all, we discovered that the brokers that this system employs are not regulated. This means they do not have to answer to a regulatory system, so all bets are off (so to speak). Also, although Barker claims that the software is free; once you have earned 10 grand the system will automatically charge you $1997.
That is a high cost for a trading system, especially one that has not proven to be reliable. We wouldn’t’ worry about being charged the $1997 as we have yet to see that a trader has actually made anywhere close to $10,000 with Platinum Profits. In fact, many traders have claimed to have lost their entire investment rather than profit with the system.
Also, we could not find any information on their website to give us any insight into how Platinum Profit software predicts trades, nor could we find any company information, such as customer service info. We advise that if you chose to trade with the software that you proceed with caution.
Final Conclusion: Is Platinum Profits a Scam?
We cannot ascertain at this time if Platinum Profits is a certified scam, but we have plenty of reasons to doubt that this is a safe and secure method of trading. We could not find any positive reviews online that were not biased. And we have seen far too many complaints from traders who have lost their money and not been able to get a reply from customer service. We strongly recommend that you trade with a system that has been proven to be safe and avoid Platinum Profits at all costs.
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