$1K Daily Profit is one of the oldest scams in the history of binary options. They claim you will make profits of $1,000 daily, but we tested the software, and found many problems with it.
Here is what you need to know about 1K Daily Profit software, before you become the next victim of the classic binary options scam.
See why you will lose your money using this software, look here.
If you are interested in Automated Trading, compare the Top 3 Trading Robots
1K Daily Profit Scam
The reason that “1K Daily Profit” is a potential scam, is the fact that they tell you to that you can make $1,000 in the next 24 hours. They show on their website that there is only a limited number of spaces available. However, the software was actually released on February 15th 2016, and there is no limit on the number of people who can use it.
The goal of the video is to get you to open a trading account at the broker of their choosing, and for you to deposit money there.
Would you use a software that doesn’t even know how to spell the word Sign, and writes Sing instead?
1K Daily Profit Review
The 1K Daily Profit software is suppose to automatically trade your binary options account and make money. When we signed up for the software, all they kept asking us to do was deposit money into the brokers account. There is no ability to see the actual software, how it works, or if there are any settings for it. A real trading software lets you configure everything before you make a deposit, see here.
We decided to just skip the 1K Daily Profit, and use a software where we can actually see what it does first.
Fake Scam Brokers
The first thing you should do is look at the list of popular brokers, see here. You will probably not find the broker that 1K Daily Profit recommends on that list.
The reason is because they work with many scam unlicensed brokers. You can read in great detail how the scam operates here. It is important for every investor to know, that your money is held at a broker, and if that broker is not legal, you will never see your money again!
ASIC Australia Warning
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”
Please share with other investors which broker the 1K Daily Profit guys set you up with, in the comment section below.