As more automated trading robots crop up, so do more scam products and it can be hard for beginners to tell the difference between the good and the bad. As opposed to other bots which boast returns of $13,000 a day, 1k Daily Profit makes more modest claims when it comes to returns, but this is actually a good thing. From the looks of it, the bot looks promising. But is it legit, or is it a scam? We’ve put it to the test. Find out our results below.
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Is 1K Daily Profit Legit?
What is 1K Daily Profit?
1K Daily Profit is the creation of computer programmer and trading professional John Becker. Through his research and efforts, he was able to create an algorithm that anticipates movement in markets like the cryptocurrency industry. To put is simply, this algorithm reads news and patterns, and uses this to allegedly make fast, profitable trades.
However, “1K Daily Profit Scam” is a very popular internet search term. The question is, are these critics correct or just a bunch of haters? We’ve worked hard to try this software from the inside out, rather than just focusing on marketing like other reviewers.
With this in mind, we’ve found this innovative trading program to be legit. With a claimed trading accuracy above 90%, it claims to make a thousand dollars in profits every single day.
Using the Auto-Trading function, this trading robot will connect to binary options brokers all around the world. This amazing reach is accessible to any new user with an internet connection, whether you’re working from PC or mobile. You don’t even have to have experience as a trader. This algorithmically-driven trading bot functions perfectly well on auto-pilot.
Who Founded 1K Daily Profit?
This trading robot (and the special algorithm upon which it is based) is the brainchild of John Becker. He’s a computer programmer/engineer who used to work at one of the biggest companies in the world (he’s not allowed to say, because of confidentiality, but you’re free to guess which one).
During his time at this unknown company, Becker worked on trading tools that would earn their wealthy owners even higher annual returns. Becker decided that the knowledge he had gained in his years of experience would be of greater use if he made it available to the public.
Becker quit his job and started 1K Daily Profit. He built it around the algorithm he created back at his old job, but this time it would help real people and not just wealthy businesses. Today, John Becker’s dream has come true. He’s allegedly independently wealthy from profits from his killer app, and people who use his product are making lots of money, changing their lives forever. It’s a win-win situation for us and John Becker, and to say he’s proud of his accomplishment would be putting it mildly.
How Does 1K Daily Profit Work?
People who take the time to really understand the 1K Daily Profit system will be the ones who get the most out of this innovative platform. At its heart, this is a powerful algorithm that connects user funds to a variety of binary options brokers. John Becker created the algorithm to take a complex understanding of the history of all kinds of trading markets, their patterns and selling/buying opportunities.
The algorithm basically has all of the knowledge of an expert trader, someone like Warren Buffett. But instead of being able to make only one trade every few minutes, like a human trader would, the algorithm uses powerful computational power to make trades on numerous markets, often many times per second.
These trades are fueled by user deposits. With a minimum $250 deposit from a new trader, a portion of the algorithm’s earnings will be set aside for the person who made the deposit. It’s always a good idea to start small while getting to know a new platform like this. But as your knowledge and trust of the platform grows, you may find yourself investing much more.
When funds are returned from the various brokers attached to the trading platform, these funds will land in the user’s account. They can then be taken out, as cash, to a bank account. And that’s the end of the story. Auto-pilot trading is a novelty that might seem too good to be true, but it’s an innovation that’s only possible because of recent technological advancement, and if you’re reading this it means you’re one of the first to get the news.
Advantages of 1K Daily Profit
Here are the key advantages that stand out to users, especially when comparing this platform to other trading robots.
- 1K Daily Profits is built with inexperienced traders in mind. If you don’t know what you’re doing, you will still find it very easy to use this system.
- There is a demo account available at sign-up to all new users. This way you can learn how the platform works before risking money.
- No hidden fees or costs!
- Withdraw any time, 24/7, day or night.
- Have access to different kinds of assets: stocks, cryptocurrency, etc.
Can You Make Money With 1K Daily Profit?
1k Daily Profit claims to be able to make profits and we’ve seen thousands of user testimonials claiming that they have seen great returns with this app. Binary options trading is a well known investment mechanism, and an algorithm doing the hard work for you is even better. Check out the recent 1K users above who have made significant profits within the past 24 hours. You shouldn’t expect to make this much money right away, but you should start small, use the demo account to learn, and build gradually.
Has 1K Daily Profit Been On TV?
There are many rumors about 1K Daily Profit being on TV. Let’s take a look at them one by one.
Has 1K Daily Profit Been on Dragons’ Den?
No, this trading system has never been featured on Dragons’ Den. This is just an internet rumor. Dragons’ Den is a show about inventors pitching their products to successful entrepreneurs and businesspeople. While we admit this does sound like the kind of show that would feature this platform, it hasn’t happened…at least not yet.
Is it True that 1K Daily Profit Appeared on Shark Tank?
This trading robot has never appeared on Shark Tank. Shark Tank is an American version of Dragons’ Den, so it makes sense that the rumor about the one would also be a rumor about the other.
Does Elon Musk Back 1K Daily Profit?
There are many rumors associated with Elon Musk and Bitcoin, as well as Elon Musk and other assets. Elon Musk does not endorse or use this platform, and he doesn’t seem to endorse any other trading robots, despite persistent internet rumors.
Has Martin Lewis Used the Software?
Martin Lewis has not used 1K Daily Profit, despite the internet rumors.
1K Daily Profit Mobile App
There is not a 1K Daily Profit mobile app, either for Apple or Android. We could see this happening in the future, especially if this trading robot keeps being as successful as it has for the past few months. Perhaps it’s something you could request through customer support, if you find you like the software.
1K Daily Profit Review : The Verdict!
1K Daily Profit is not a scam and it is legit and working. It’s important not to think of this as a get rich quick scheme. It may be a powerful piece of software, with a claimed success rate well over 90%, but this doesn’t mean that you can make money without understanding how it works. We recommend trying out this software cautiously at first, using the demo account available at signup. Once you know how it works, try making the minimum deposit of $250. See how that works out before investing more and be careful as all trading carries risk. Good luck!
As a beginner, how much should I invest on 1K Profit Daily?
A good idea is never to invest more than you are willing to lose. That goes for any kind of investment you can name. Since this is a relatively new kind of trading software, one which you've probably not used before, we recommend starting with the minimum balance of $250.
How much profit should I save?
If you make money with this platform, always save and withdraw a good portion of each bit of earnings. According to reviews, at some point, you'll make as much money as you invested in the first place, guaranteeing that you'll at least break even. The app claims that if you re-invest a portion of your winnings, and you could be earning big money in a short time.
Is 1K Profit Daily a scam?
No, we looked into it, and it's definitely a working product that is real and active.
How long will it take funds to hit my bank account?
Once you withdraw funds, it should take a couple of business days for the money to hit your bank account. This delay is because of the bank, not the trading platform.
Do I have to pay taxes on 1K Daily Profit earnings?
Yes, though how much and when will depend on where in the world you live. Do your own research, and if you have questions, talk to an accountant. You should especially hire a professional if you earn a lot of money this way.
How many users does 1K have?
The site doesn't publish how many users it has, but as the site is being talked about all around the world, we'd guess there are probably thousands or hundreds of thousands.
Can I earn Bitcoin this way?
No, all earnings are settled in cash. This is a binary options trading platform. You won't own any of the underlying asset, no matter whether you're trading stocks, Bitcoin, or something else. If you want to own Bitcoin, you have to go with a broker that sells Bitcoin and transfers it to a digital Bitcoin wallet.