1K Daily Profit Review
If you study the binary options industry you will quickly notice there are new methods of trading appearing every day. 1K Daily Profit is one of the recent arrivals. It is the vision of John Becker and provides an automated trading option; idea for new and experienced traders. However, the first question you have to ask is whether 1K Daily Profit is a scam.
1K Daily Profit – The facts
As with many of the binary options automated options there is no charge to use the software. 1K Daily Profit offers returns as high as 88% with a range of easy to use educational material and a well designed site. However, there are not many assets available and there appears to be very limited genuine reviews by customers. In addition it is disappointing to note there is no practice account and a complete lack of extra features.
The 1K Daily Profit system may not charge you to sign up with them, but you will need to create an account with an affiliated broker and deposit $250. 1K Daily Profit operates with the same method as other binary options automated trading systems; their profit is generated by the commission they receive from the broker.
It is possible to use this software in either a fully automated or manual mode.
Conclusion - Is 1K Daily Profit a Scam?
Although the feedback and services offered are not in the same league as some of the best binary options automated trading systems; this does not automatically make 1K Daily Profits a scam. To help establish whether it is or not you will need to assess the features it offers, how it works and the brokers it uses. Unfortunately, 1K Daily Profit provides very little information on how it works and appears to be affiliated with unregulated brokers. Whilst this is not enough to confirm 1K Daily Profit is a scam it is enough to proceed cautiously.