1K Daily Profit review. The 1K Daily Profit scam by John Becker was an old Binary Options auto-trader which has currently resurfaced with a new design. The previous trading app was marketed as a robotic trading platform which generates money for its members on auto-pilot. There are newer and more polished versions of the 1K Daily Profit software, and these versions are cloned websites which were modified to meet certain marketing requirements. If you have read any of our previous reviews then the new website template should look very familiar to you since it is constantly being used by con-artists to promote scams.
So what is 1K Daily Profit and is it legit as many review websites would have you believe? Well, this app is presented to us as an automated trading solution which generates signals that are over 99% in the money. In other words, the scammers are trying to sell you the idea that you can’t lose. This is standard operating procedure for any run-of-the-mill get-rich-quick scheme, but before passing judgement we still had to do our £250 deposit test just to make sure we are not blacklisting a legitimate service and potentially causing anyone unwarranted harm.
Sure enough, when we registered for the service the broker which was assigned to us was named “Bit Trade”, which has as registered business address in Tallinn Estonia. This CFD (contract for difference) broker is not licensed to manage financial portfolios for clients, and as a result will do their utmost to extract the maximum amount of money from you in the fastest possible way.
Affiliate Networks: As is the case with most of these types of get-rich-quick schemes, 1K Daily Profit is promoted by affiliate networks and media agencies specializing in “Bitcoin Robots”. These networks receive referral commissions every time you decide to invest through their website, and they could care less about the actual product which they are endorsing.
In fact, these affiliate marketers know very well that the systems they are promoting are completely fraudulent, but that is not their priority. They only care about getting paid by the offshore brokers which are more than happy to get new paying customers. So if you believe that this trading robot is genuine, we highly recommend you read our 1K Daily Profit review because we exposed this farce as well as the con artists who are behind it.
Official Website, Members Area, and Login Page: There are at least 6 verified versions of this software and they all claim to be the “official 1K Daily Profit site”
Below is the main page and registration area for the 1K Daily Profit website. In the recycled sales presentation Jake Tapper is talking about “no banks no fees”.
And here we can see the same CNN News anchorman talking about the exact same crypto babble. Only this time he is being used in six other documented crypto schemes such as Bitcoin Trader, Bitcoin Evolution, and Bitcoin Rush.
1K Daily Profit Review: Fake Testimonials
Here we have the 1K Daily Profit testimonial section. Once again its really pathetic to see how the scammers are simply copying and pasting existing formats without investing a minimal amount of creativity. Suffice it to say, you will not find a single testimonial which is real or genuine.
Here is the original 1K Daily Profit website which was launched a long time ago when Binary Options were being popular with swindlers. It really doesn’t take a genius to see that John Becker is a fictitious character who does not exist, and his image is taken right out of an Image Bank.
Right below we can see the third version of the 1K Daily Profit scam which is being promoted by a competing affiliate network. Of course it is also completely fraudulent despite the fact that it has a more polished exterior.
What Is 1K Daily Profit, How Does It Work, and Who Is John Becker?
There are multiple versions of the 1K Daily Profit scam and they all tend to use a slightly different sales pitch. One version claims it is an award-winning software and signals app with a 99.4% level of accuracy. The old binary options version by John Becker tries to sell you that it is a “revolutionary algorithm” which trades for you and generates profits on auto-pilot. The newest one claims that this platform offers an “intuitive and user-friendly experience that allows you to trade more easily”. The common denominator among all versions is that it is an automated trading system which makes money for you at the push of a button.
In the original 1K Daily Profit website, Becker is presented to us as a an computer programmer who developed an algorithmic trading protocol which spots profitable trades and then proceeds to buy and sell stocks, indices, or cryptocurrencies automatically. We have already ascertained that this is a lie and proved that Becker does not exist.
1K Daily Profit Review: Does This Auto-Trading Robot Really Work Or Is It A Scam?
The simple and straight-forward answer is a resounding NO. The 1K Daily Profit scam has evolved over the years and metastasized in an extremely alarming way. Due to regulatory constraints related to the buying and selling of CFD’s (contracts for difference) in conjunction with cryptocurrencies, affiliate networks are taking a leap back in time and recycling their old Binary Options offers. This is particularly relevant for residents of the United Kingdom, who are starting to see less cryptocurrency-related advertisements.
So let’s clarify a few urgent matters. 1K Daily Profit in all its forms or formats is a confirmed get-rich-quick scheme. In some cases you will see it promoted as a Bitcoin offer, in other cases it will be promoted as a generic robotic trading tool or algorithm-powered software. It’s important to remember a few simple principles when evaluating a new software. The first has to do with transparency.
The 1K Daily Profit scam software is completely anonymous and has no official entity or “face” behind it (Becker is a fictitious persona). Secondly, this app has not been back-tested in any way and there is no statistical data which provides a snapshot of the performance levels in a clear and legible way. Finally, the legal status of this software is questionable at best. We have not seen any patenting information or product road-map which usually correlates with regulatory aspects of the development process.
There are additional reference points which we also look into which are related to the coding languages, contact information, and explanations regarding the operational aspects of the software (i.e. the dashboard, indicators, and various strategies that are implemented). All versions of the 1K Daily Profit software fail on each and every parameter we tested, which means that it is a scam and anyone trying to claim otherwise is pointless.
1K Daily Profit Customer Service
We tried to message the 1K Daily Profit support staff but were not able to. The email bounced and there was no one we were able to talk with about certain issues we had questions about.
1K Daily Profit Deposits and Withdrawals (Cashier FAQ)
Members who join this program will find out that it is quite easy to fund their trading account. However, when it comes to cashing out it’s a different story altogether. You will be required to send documentation and undergo a tedious process designed to wear you out and get you to forget about withdrawals. This is how scammers operate and 1K Daily Profit is no different.
Fake 1K Daily Profit Reviews
Below you can find a screenshot of a fake 1K Daily Profit review. When you do a search online you will find a ton of paid promotional content by news aggregator websites such as AP, PR News Wire, IPS News. These sites, along with fake reviews on Trustpilot and other forums like Reddit are gaining massive exposure on search engines for a variety reasons. But the bottom line is that viewers are getting exposed to inaccurate and extremely misleading information simply because it is advertised on syndicated news websites.
We recommend you avoid reading these paid promotions and opt for professional review websites from the finance or cryptocurrency niche. That is the only way you will be able to find accurate, meaningful, and actionable information which will truly help you take the best course of action.
1K Daily Profit Fake News
There are multiple 1K Daily Profit fake news campaigns which are active now. Fake news is basically the use of fake celebrity endorsements for promotional purposes. We have received reports of celebrities such as Martin Lewis, Akshay Phillips, Celeste Barber, Dick Smith, Kjeld Kirk Kristiansen, and Holly Willoughby, that being are currently being used to promote the 1K Daily Profit scam.
Of course these high profile public figures and media personalities have nothing to do with 1K Daily Profit, and have plainly stated that they have not endorsed any type of “Bitcoin Wealth loophole”.
Is It Free?
No, not really. It will cost you at least $/€/£250 to get started, and that money will be deducted from your credit card statement by third party processing companies which are integrated with unlicensed offshore brokers. In most cases victims don’t even know how the charges appear on their bank statements.
1K Daily Profit Regulation. Is 1K daily Profit Legal?
As mentioned previously, there is a total lack of transparency regarding the regulatory or legal nature of the 1K Daily Profit software. We were not able to see the licensing entity and/or its registration number. There are no patents and we could not find anything which even remotely resembles an ISO 27001 certification which deals with information security management and protection of customer data. We were also unable to find the PCI compliance protocol which is becoming pretty standard these days for any organization dealing with large amounts of personal financial data.
It’s also worth mentioning that the CNMV, which is the official financial regulatory authority in Spain has blacklisted the 1K Daily Profit scam. This has also been documented in the Danish DFSA as well as other government websites.
What Are CFD’s And Is Can They Be Used To Generate Profits?
CFD’s or contracts for difference are derivatives which can be bought our sold based on the underlying asset’s contract rate. CFD’s are highly speculative and carry significant risk, but also very high rewards. Most of the risk associated with CFDs is related to leverage and margins needed in order to close positions. But this is never discussed or mentioned in any way in the 1K Daily Profit website.
Tested Alternatives That Actually Work!
Our staff constantly tests and examines new trading software we feel has potential. After it passes our screening process we add it to our short list of recommended systems. We never recommend any system without risking our money first and seeing with our own eyes that the software is consistently profitable.
1K Daily Profit Review: Summary, and Conclusions
The 1K Daily Profit scam software and fake automated trading app is just another get-rich-quick scheme that is being promoted these days by a variety of affiliate networks. There are different formats for this scheme, so the design or sales pitch may differ in style but not in substance.
In reality there is nothing genuine or legitimate about this fraudulent auto-trader, and it is merely a tool which is used to bait unsuspecting victims looking for a way to generate money online by trading Bitcoin. If you believe our conclusions are incorrect or alternatively need clarifications, please make sure to reach out and message us via our contact page or social media.