I have had it with scams like Platinum Profits. They are everywhere and if you really want to find a legitimate way to make money online you will have to fight your way through all of these scams wasting time researching them until you find a single legitimate option. With the internet offering people an opportunity to earn money quickly online the scam artists have really jumped in joy because that means more money for them. By creating scam websites like these they do two things, steal your money and your identity.

Product Name: Platinum Profits

Niche: Binary Options Software

CEO: Paul Olmstead

Official Website: platinumprofitsapp.com

Minimum Deposit: $250

Claimed Daily Profit: $2,166 – $2,852

Cost of Software: Free

Are you really willing to fall for Platinum Profits SCAM that provides you with absolutely no information? The video? Well, halfway through you will be bored out of your mind and will take it to the next step, where everything will be repeated, until you finally are prompted to take out your card and invest. At which point you’ve wasted more than enough time with the website and considering the promises $250 is a small investment right? You’ll get it back within a day. NOT! Don’t fall for this scam!

What is the Platinum Profits App?

This website doesn’t really provide much information revealing how exactly you will earn so much money without doing a thing. In fact, it isn’t until about the 10th minute that you get a vague idea that this has to do with binary options. He says you will be watching a short video, but in fact, 2 minutes into it you clearly know that he has lied. The video is about 15 minutes long, if not longer, and it is draining.


This is a software which once you sign up and invest with the recommended by them broker, you have to invest money which is then used to trade binary options. The minimum to invest is $250 as it is with nearly all other binary options brokers. Unfortunately, they don’t really let you in on this until you have already wasted too much time watching their boring video. Why is it boring and not to the point? So you zone out and not listen to a thing they are saying because technically, I don’t think they even know what they are saying. It is all lies and has nothing to do with how you will make money or binary options, just gibberish to get you bored so you move onto the next step.

Why is the Platinum Profits App a SCAM?

Although to me it is pretty obvious I can understand and how someone that has had no experience with scams before can easily get pulled into this. The video sounds so incredibly convincing that slowly but surely you are being brainwashed into taking out your credit card and investing into something that obviously has no future for you.

The Video and Website:

As with all other scams the video and website really don’t provide any real information that you can use to really understand what you are getting yourself into. You are not told the minimum investment or what binary options are and how they work. He flashes pretty images, shows you video testimonials by actors, and of course, shares bank statements of those that are earning already.

The software is meant only for 150 people and you can be one of them. Actually, anyone can be one of them since the software is fake and will do nothing more than rob you of your money. The goal is to get you to sign up because you will miss the opportunity before the software is officially released and you have to pay for it.

Similar viral scam sites to avoid: Social Tech TraderAltronix AppProfits UnlimitedThousand Dollar Days

The CEO and Developer:

This lovely gentleman in the pictures, all the same by the way, is said to be Paul Olmstead. Aside from the fact that his image is nothing more than a stolen image, this man simply does not exist. I have searched for him high and low and nowhere does this name appear with the man pictured. Considering his influence you would think he would at least have a LinkedIn account right?


I did, however, find the image used to depict Paul Olmstead:


You can buy this image, as many others have for various reasons as this guy is EVERYWHERE, right HERE for 3 credits in iStock. I don’t think it’s necessary to say that either the real CEO is in hiding or simply does not exist.

The Testimonials:

There are video testimonials throughout the video. They all seem to be made at home by various users of the software and talk about how great it is. The truth? They are all cheap Fiverr actors. See:


Here is her Fiverr Profile.

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Here is his Fiverr Profile.

There are several others whom I had a hard time finding, though I am 100% certain they are also Fiverr actors.

The Website Registration:

Of course, when it comes to registering a domain name you usually have to provide your real information for billing purposes. There are however, companies that offer a service which allow you to register your domain and website without revealing your information and your identity. Scam websites like the Platinum Profits App have used one such website to cover their tracks and continue to be invisible to anyone interested in knowing who they are dealing with.

The Verdict on Platinum Profits

Honestly, merely the fact that there is no way to find out any real information about who is really behind the software is enough to send me running in the other direction. If this is a legitimate company they would have no problem being open about who they are and would not use cheap actors for their testimonials and fake images and names for the developer.

The facts have piled up and it is confirmed that the Platinum Profits App is a complete scam that will rob you blind.

Anna Georgieva

Hello, I’m Anna Georgieva. After getting scammed with a Binary Options Trading System I decided to take my experience and do some good with it by sharing my knowledge in order to help others make informed decisions on where to invest their money. I follow the latest software releases and write honest reviews based on my own experience and in depth research revealing the latest scams and possible trusted software that is safe to invest with. Enjoy my website and please contact me if there is a Binary Options Software you would like me to review.

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