If the first thing you notice is the handsome face of 1K Daily Profit founder John Becker, it may be helpful to learn that John Becker also doubles as a stock photo model.
Either that or 1K Daily Profit is using a Shutterstock image instead of a real photo of their founder, a man with a predictably generic name. The domain is registered to a company in Panama to prevent people from actually looking up the identity of the site owner. Which leaves me to wonder, what is 1K Daily Profits about, really?
Does that raise red flags that 1K Daily Profit is a scam? Yes, it does (more about that later). Keep reading.
[Sidebar: If you are not interested in scams and risky speculation, check out THIS instead! You’re going to like this.]
Quick Review
Name: 1K Daily Profits
Website: 1kdailyprofit.me
Alleged Owner: John Becker
Price: Initial investment threshold appears to be $250, and there are undisclosed transaction fees
Alleged Skill level: Beginner
My Overall Rank: 0 out of 10
My Verdict: Whether your goal is to grow your income by investment, or deliberately engage in riskier, speculative trades, there are better, more reliable, less scammy options available. 1K Daily Profit isn’t worth the time.
Imagine for looking for legit work-from-home opportunities and finding THIS when you go inside… WOW
It’s FREE to get started, too (no credit card required). You’ll like that part…
Full Review – What is 1K Daily Profits About?
1K Daily Profit claims to be an auto-trading system that uses a proprietary algorithm to generate profits from trades effortlessly.
The embedded video begins by decrying the prevalence of scams on the internet and promises that it isn’t one. Instead, they have cracked the code for profiting from the financial crisis, generating hundreds of millions of dollars, and, at the end of their 5-minute video, you can learn how to make $1000 today, even if you don’t know anything about trading.
Their software is 99.8% accurate (although it’s unclear what “accuracy” is intended to measure in trading). In the video, we see time lapses as an initial investment of $250 becomes more than $1500, although it’s only “proven” by graphic screenshots.
Not only will you “make millions,” but the video goes on to point out that you will have more power than you ever dreamed of, and you will be loved and respected. That’s an awe-inspiring feat for a piece of software.
The video claims to prove the effectiveness of the system by showing fantastic returns in a short amount of time, but the disclaimer belies the proof.
In a nutshell, the 1K Daily Profit software is a CFD and Forex trading software.
You have to remember, though, it is not regulated or supervised by US regulatory agencies that cover trades, including the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), or the Securities and Exchange Commission (SEC).
In both CFD and Forex markets, trading isn’t concerned with actual products, shares, or companies; instead, it speculates on the gains or losses of particular transactions.
CFD (Cash for Difference) trading is closely related to Binary Options trades and evolved because an ever-growing list of countries prohibits Binary Options trades. Both types of trades are highly susceptible to fraud, and CFD trading is illegal in the United States.
By the way, there’s an interesting part in the legal section of their disclaimer. Read below how they make the user responsible for knowing whether the services offered in the software are legitimate and permitted within their country of residence.
How Does 1K Daily Profit Work?
Trading based on the predictions of algorithms or bots has been in practice for decades, which is why 1K Daily Profit claims to use the “same system” as Warren Buffet or Goldman Sachs. But each financial firm usually has a proprietary algorithm; they are not the same and can’t be.
The reason why CFD and binary trades are frequently banned is that they are (particularly in the highly simplified form practiced by 1K Daily Profit) no better than gambling. The trader essentially bets on whether there will be an increase or decrease in value and earns money based on whether his bet wins or not.
This is also why it’s called “binary” or “all-or-nothing.” The trader risks an entire set amount and may get back another set amount if his prediction is correct. Rather than stocks, which may gain or lose degrees of value over time, measured in currency or percentage points, binary trading is more like a coin toss – either it wins, or it loses.
This is why the 1K Daily Profit software counts “wins” rather than tracks values.
The 1K Daily Profit app software was obviously developed as a tool for trading binary options and then transitioned to CFD products at some point, perhaps due to increasing regulations. As such, it seems to offer, based on the simulated screenshots, even less (if that were possible) trader protection than some CFD systems. In systems designed for CFD, traders can at least set a stop-loss threshold, a feature that doesn’t seem to be present in 1K Daily Profit software.
According to 1K Daily Profit reviews, 1K Daily Profit makes money by charging a fee for every transaction, whether it was profitable for the user or not. For that reason, they give away the software, even though they claim it’s because they “want to help others and share the wealth.”
Seriously, listening to John Becker, the actor, I feel the urge to flush a toilet.
6 Proofs – 1K Daily Profit Is a Scam
Red Flag #1: Fake John Becker
For the avoidance of doubt – here is the face image of John Becker:
And here are some Shutterstock photos by the same stock photo model:
Tired of scams? Here’s something you can do, at home and at your own pace, to create your own passive income stream online
Best place to start is always one that doesn’t cost you a cent, too. Just click here right now.
Red Flag #2: 1K Daily Profit Sales Video is Fictitious
How do I know? Well, the con artists behind the rip off scheme tell you that.
The 1K Daily Profit Disclaimer points out that the video is “fictitious and was produced to portray the potential of ‘1kdailyprofit’ 3rd party signals software. Actors have been used to present this opportunity, and it should be viewed for entertainment purposes only.” The videos are “for simulation only by using actor(s) and demo accounts.”
Red Flag #3: Fake Security Badges
Look at these security badges below the “Get Started” section:
Do you think they are genuine? No, they are not. What you see is just a simple image file whose sole purpose is to give you a false sense of security.
There’s more to come. For example, some apparent lies. Keep reading
Red Flag #4: Downright Lies
To prove my case, look at this claim in the 1K Daily Profit login page:
Seriously, was it their private invitation?
Of course not. The 1K Daily Profits scam has a public website, and everyone can navigate on it. Zero ‘private invitation’ needed for that. Ridiculous!
Next, look at this (their next blatant lie):
Is it really the only trading system of its kind where you can “bank $1,000 in daily profits?”
Well, I have reviewed many, many similar trading systems, and all of them claim the same. For example, SnapCash Binary, CryptoTrader, Unlimited System, Quantum Code, to name but a few. (In fact, there are many more.)
Just to encourage you – No, you won’t miss anything that is worth losing in the first place. Put differently; why are the scammers so desperate? Because if you leave (their scam site), you deny them an opportunity to “go for the kill.”
Red Flag #5: False Sense of Urgency
Look at these 3 Call-to-Action messages in the 1K Daily Profits website:
Do you notice all these three Call-to-Action messages persuade you to act at once? Why? Because the cybercriminals behind the 1K Daily Profits scheme smell blood, and they don’t want to lose you. That’s why they deliberately create in your brain a false sense of urgency.
Therefore, for you, it’s like, “Hey! I if I don’t sign up immediately, I will miss this once-in-a-lifetime opportunity to get rich fast.”
Listen! It is a nasty trap. If you later don’t want to jump out of the window – Stay away!
Red Flag #6: Fabricated Testimonials
To prove my case, I give you just one example (in fact, all the 1K Daily Profits testimonials are fake):
How do I know it is false?
Easy. The same man gives a fake testimonial for the Instant Income Code scam as well (check out).
In fact, the guy advertises himself in Fiverr, saying, “I will give you a realistic video spokesman presentation.”
See yourself! It’s nothing but a fraud.
Wrapping Up
If you want to invest in the stock market and have your investments driven by an algorithm, so you can “set it and forget it,” look up robo-advisors and find one that works for you. There are dozens of legitimate offerings at various initial investment thresholds, and you can review their historical returns and honest disclosure and make an educated decision about which to use.
If you want to engage in risky speculation of questionable legality, there are even options that are better than 1K Daily Profit system, that at least allow you to have more fine control over the transactions and mitigate your losses.
If you want to take a safe route and build up a legit passive income stream online, check this out. Have a look and see if it can help you.
Final Verdict: Is 1K Daily Profit a Scam?
Yes. 1K Daily Profit is a scam. Why? Because it promises financial returns that are beyond all reason (if not mathematically impossible) while hiding the financial risks. Not only that, but it also uses fake demos of the software, fake testimonials, and offers trades of questionable legality. Outside of the software itself, there is no disclosure about transaction fees at all.
It even uses a fake photo of the purported founder of the company.
If you’d rather make money than get ‘raped’ of your child’s college savings… Why not try this? It’s FREE to get started, too. You’ll like that part…
Why not give a whirl right now? You’re certainly not committed to anything.
What About You?
Thank you for reading my review. I hope you found the information you were looking for.
Now, in your opinion, what is 1K Daily Profit about? Is it a scam or a legit get-quick-rich opportunity? Do you have any experience with the platform that you’d like to share? Please drop me a comment in the comment section below.
Stay safe,
Egon (EgonSarvReviews.com)
ARE YOU looking for ways to create a legit passive income online?