I got an email stating that I was invited to try 1K Daily Profit, and when I clicked on the link it took me to a video talking about a once in a lifetime opportunity unlike anything else on the market (who hasn’t heard that before). Anytime a link takes me to a video like this, I immediately think it’s a scam.

John Becker is the creator and promises that you will make $1,000 a day with his fully automated binary trading software (nothing is fully automated). John assures you that 1k Daily Profit is not a scam, and gives you a few positive testimonials from his members. Each member claims they made thousands of dollars in a very short period of time, just by using 1k Daily Profit software. The testimonials are FAKE!

Each and every member gives a RAVING review on the software, and they each thank John Becker for changing their lives. They are all the SAME.

The members in the sales video are actually actors/actresses found on Fiverr.com . They read a script given to them by 1k Daily Profit, and they pay them as little as $5. This is called buying a testimonial!

Below is a screenshot of an actor and a description stating what he can do for a gig. He offers to read off scripts from his clients, and the clients will receive a professional-sounding testimonial from a setting that does not look “fake” or look like it was in a staged studio.

You can usually buy a fake testimonial at Fiverr.com for as low as $5. I just want you to know that fake testimonials can easily be bought online .

So the question is “if 1k Daily Profit really works, why would they need to hire actors to provide fake testimonials?” Because all they want is your money!

If you ever come across an internet opportunity that sound too good to be true, like 1k Daily Profit, it usually is so do some research! It will most likely be a scam.

Here is The Only Way I have Been Successful Online, and It’s FREE!

What is Binary Trading?

Binary options is a super simplified form of trading. Instead of reading or watching the news and analyzing charts, you can just guess whether or not the price of something will rise or fall after a short period of time (usually between 30 seconds to a few minutes).

Either you are right, or you are wrong! 1k Daily Profit says you have 24/7 support, but I have yet to see that they actually help you. You mostly just send them emails and wait for a reply.

Let me give you an example: Let’s say you guess the price of silver will fall after 3 minutes, and you invest $50 in a 3-minutes contract. When the time is up, and the price is indeed lower, you win a certain percentage of what you bet (usually between 60% – 80% or $30 – $40). But if you’re wrong, you lose everything that you bet.

It is not that different from gambling, and there is no way to predict what will happen with the market in a short period of time. The odds of winning each trade are 50/50.

Even if you manage to acquire a 50% win rate, you will still lose money because of the uneven winning vs losing payout. It is not designed to work for you. I mean really.. who would risk $50 to potentially win $30 – $40?

I DO NOT recommend binary options, especially if you want to create a serious income online . It’s one of the worst ways to try and make money online. There are MUCH better ways to make money online that are more promising than just gambling.

Pros and Cons of 1k Daily Profit

Pros

• They have educational materials
• They have an easy to use trading platform
• They have an attractive website
• It is free to sign up
• 24/7 support

Cons

• There is no customer feedback
• There is no demo account available
• There are few trading assets
• You have to deposit at least $250 into a broker account to actually get started
• Support is not very good

How Does 1k Daily Profit Work?

The 1K Daily Profit system works on auto pilot, but you can also choose the manual mode if you want to do everything on your own. The software makes an analysis of the trend on the market, and predicts whether or not the value of the asset will go up or down. When it finds an opportunity for for a successful trade, it sends the information to you.

If you decide to sign up for 1k Daily Profit, you have to register for a broker account through CTOption (an app). As soon as you deposit money in the account the scammers will earn money from the referral. You are then assigned to a broker, and they are different depending what country you are in and your location. However, the minimum deposit you have to make for most brokers is $250. After you make a deposit, you can customize the settings so it does the trades on its own. If you make the right decisions and if the robot is accurate, you will be able to see profits.

The last thing you have to do is complete a withdrawal form to request the money you have earned. 1k Daily Profit will earn a commission for every trade their system makes for you.

They can also dictate your trading frequency and the trade amounts. Basically, they can decide how much commissions they take from you as long as you still have money in your trading account.

How Much Does 1k Daily Profit Cost?

1k Daily Profit is free to join. However, you have to make a deposit into your account of at least $250 in order to start bidding.

You don’t lose the money unless you bid and you are wrong, but it has to stay in your account. If you wish to stop bidding you can always take the money back out.

Final Thought

1k Daily Profit is a scam! I do not recommend that you use binary options as a way to make money online. It is just like gambling, and you can lose money just as fast as you earn it (if not faster). You are more likely to lose all your money than make a big profit. If you have some money to spare, you can try it out. As for me, I would rather go spend the money on a nice dinner with my wife.

If you really want to make money online, you have to use a legitimate program that will provide you proper training and support to help you build your own business. There is only one program I recommend!

Read My Review of the #1 Recommended Program Here.

Verdict

If you have ever encountered an online scam before, like I did before I found Wealthy Affiliate , please leave a comment below so we can prevent others from falling for them!

Your Friend,

Karissa