1K Daily Profit is one of the oldest scams in the history of online trading. 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.
Don’t Be a Fool & Waste Your Money!
First Try The Best Trading Software
1K Daily Profit Review
The 1K Daily Profit software is suppose to automatically trade your Forex account and make you 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.
Fast forward to August 2022, and this trading app is getting a lot of coverage on news websites. When you signup today for the software, you are automatically sent to an offshore broker.
There no longer exists and actual trading app with automated trading or trading signals. You are better of following some crazy guys on Reddit, instead of sending Crypto to some fraudster in Eastern Europe.
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 original 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?
You should test out a Real Trading Software.
Only use a Regulated Broker!
As a newbie investor, you don’t realize that all online brokers must be licensed and regulated by the government.
If you are living in England, then you should be using a broker that is licensed by the FCA. There are plenty of good FCA brokers, and your deposits are insured by the government in the event that the broker becomes insolvent.
If you think that using an offshore broker is a good idea, and not a problem. Head over to our complaints page, and see what happened to people who used an offshore broker, and lost all their money!
You will find Free Trading Signals, and the ability to create a free demo account, signup here.
Share your experience using the 1K Daily Profit App with other investors. Tell them how much money you made or lost, in the comments section below.