More and more people are catching on to binary options. So as it grows in popularity with traders who are sincere about earning some honest money trading binary options, there are plenty of crooks and dishonest people who are looking to bank in on its success as well.

Elite Gold Profits is an automated binary option trading platform designed to earn huge amounts of money trading gold assets the binary options trading market. Is this system the next big thing or just a scam? Check out our Elite Gold Profits review for more details.

What is Elite Gold Profits?

Nigel Pearson, alleged developer or Elite Gold Profits software claims that he designed the system to predict traded that have to do with the fluctuation of gold in the financial market. He claims that Elite Gold Profits has a win rate of 98.7% and can earn traders as much as $1,369.75 a day. Can this system be trusted?

As always, we need to warn our readers that a winning percentage of 98.7% is just not attainable. Even with those trading systems that have been around for years. Even the most successful and trusted trading software applications have around a success rate of 85%. The winning percentages and promised earnings of over a thousand dollars a day are just not realistic. We already have a bad feeling about Elite Gold Profits.

Pearson also shows us screenshots of celebs such as the likes of Beyonce and George Clooney and tells us that these famous icons have tested Elite Gold Profits and have profited from its use. We highly doubt that these famous celebrities are even aware of Pearson or Elite Gold Profits. Anytime you see a celebrity endorsement without an actual video testimony from that person, you can be pretty sure that their name is being used without their permission.

Also, during our research of Elite Gold Profits we also discovered that neither the software nor their brokers are licensed or regulated. We never advise trading with a software application that is not regulated by a governing body.

So far, we are not the least bit impressed with this trading system.

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How to Get Started?

In order to be able to trade with Elite Gold Profits, you need to start an account with one of their recommended brokers. Again, we remind you that their brokers are not regulated so they do not have to follow the strict guidelines that apply to the binary options trading market. Then you need to fund your account with at least $250 before you can start trading. You then choose your settings and let the system make automated trades for you. When and if you earn anything, you can submit a withdrawal form. However, the procedures vary by each broker so you need to be aware that the conditions may vary.

Final Conclusion: Is Elite Gold Profits a Scam?

After our in-depth investigation of Elite Gold Profits System, we cannot say whether or not it is, in fact, a full-blown scam, but we do not feel it can be trusted as a viable trading platform. We highly urge our readers to find a more reliable trading system. There are just too many registered complaints and negative reviews regarding Elite Gold Profits. Many registered traders have complained that not only did they not earn anything with this system, but they also lost their initial investment and were unable to get a response from customer service.

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