1k Daily Profit scam found at 1kdailyprofit.com is a binary trading software trap. Save yourself a financial headache and read this 1k Daily Profit review, because you will only end up losing all your money if you decide to sign up with the scam.

Name: 1k Daily Profit
Website: 1kdailyprofit.com
Owner: John Becker
Price: $250 min. deposit

Recommended? Not Recommended

1k Daily Profit Review

1k Daily Profit is a scam

The alleged owner of 1k Daily Profit scam, John Becker promises sky high profits of $1,000 a day with his fully automated binary trading software.

Just like many other internet scams, John starts off the sales video by telling you that his software is nothing like you have seen before.

He further assures you that 1k Daily Profit is not a scam, and supports his statement by a few positive testimonials from his members. Each member claims to have made thousands of dollars in a very short period of time, just by running 1k Daily Profit software.

And this is exactly where we found the much needed evidence to show that 1k Daily Profit is scam. Take a look at the segment below.

1k Daily Profit Testimonials are Fake

1k Daily Profit uses fake members to endorse the scam
(click to enlarge the image)

You can find the Fiverr profile of this actor here.

Alright, now let’s look into the members review of 1k Daily Profit scam. Each and every member is giving a raving review for the software and thank John Becker for changing their lives.

The members you see in the sales video of 1k Daily Profit scam are actually actors and actresses found in Fiverr.com. They read any script given by their clients like real testimonials for as low as $5. This is called buying a testimonial.

Gig description of this Fiverr actor

I’ve attached the gig description of this particular Fiverr actor here. You can see that he’s offering to read off scripts given by his client, and the client will receive a professional-sounding testimonial from a setting that does not look like a “fake”, staged studio.

Yet another fake testimonial endorsing 1k Daily Profit scam
(click to enlarge the image)

You can find the Fiverr profile of this actor here.

A fake testimonial can generally be bought at Fiverr.com for as low as $5. I do not condone or condemn the act of buying and selling fake testimonials, but I want you to be aware of this – that fake testimonials can easily be bought online.

If 1k Daily Profit is really as good as advertised, why would they need to hire actors to fake the testimonials? There’s only one reason – because the scammers are out to get your money, but the software doesn’t work as advertised at all.

So the next time you come across internet opportunities that sound too good to be true, such as 1k Daily Profit, stay vigilant and do some research. They are most likely scams.

What is Binary Trading?

Since this is a binary trading software scam, I want to explain how binary trading works to make sure everyone is on the same page. If you have traded binary options before, you may skip ahead to the next segment.

Binary options is a grossly simplified form of trading – instead of reading news and analyzing charts, you only need to guess if the price of an asset will rise or fall after a short period of time, usually between 30 seconds to minutes.

There can only be 2 outcomes – either you are right, or you are wrong (hence the name binary options).

This is how it works – let’s say I guess that the price of silver market (or any other tradable assets) will fall after 3 minutes, and I invest $50 in a 3-minutes contract. When the time is up, and the price is indeed lower, I win a certain percentage of what I bet, usually between 60% to 80% (between $30 to $40). But if I’m wrong, I lose the entire sum that I bet.

In practice, trading binary options is not that different from gambling. There’s just no way to predict the market direction in such a short period of time. The odds of winning each trade is just like guessing the outcome of a coin toss – it’s 50-50.

Even if you manage a 50% win rate, you’ll still lose money due to the uneven winning vs losing payout. The game is designed to work against you – who would risk $50 to potentially win just $30 to $40 in a game of coin toss?

We do not recommend binary options if you want to generate serious income from the internet. It’s one of the worst possible ways to make money online. There are simply better alternatives out there that are much more promising than trying to gamble your way to wealth.

How 1k Daily Profit Scam Makes Money Off You

If you decide to sign up for 1k Daily Profit, you’ll have to register for a broker account through their sales page (which is an affiliate link). The scammers will earn a sum of referral fees as soon as you deposit into the account.

You may be assigned to different brokers depending on your country and location. However, the standard minimum deposit for most brokers is $250.

Even if you already have an account with their recommended broker, you have to register for a new one using a different email address. This is because the scammers behind 1k Daily Profit cannot earn their referral fees unless you sign up for a trading account through their affiliate link.

Not only that, 1k Daily Profit will continue to make money off you over the long term. The team behind 1k Daily Profit scam will earn commission for every trade that their system makes for you.

To make things worse, since 1k Daily Profit software runs completely on autopilot, they can dictate your trading frequency and the trade amounts. In short, they can decide how much commissions to earn off you, as long as you still have money in your trading account.

Is 1k Daily Profit a Scam?

YES, 1K DAILY PROFIT IS A SCAM. As we’ve said in the review earlier, we don’t recommend binary options trading as a way to make money online, at all. It’s not that different from gambling, and using an automated trading software is no different. You are essentially putting your hopes and entire investment in a piece of software that gambles on your behalf.

You are more likely to end up losing all your money than making any significant profit. If you have some cash to spare for entertainment, you may go ahead and try it out. But you’ll be better off spending it on a nice dinner with your loved ones.

If you are determined to make money online, you must use a legitimate program that will provide you proper trainings and help you build your own business. We have tried out many programs, and there is only one program we recommend to our readers:

Read Our Review of the Most Recommended Internet Business Opportunity Here.

Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!