1K Daily Profit Review 2020
One of the leading binary options trading platforms is 1K Daily Profit. It is best suited for new traders who have no prior experience or knowledge in trading. As per their official website, this software predicts binary options trades using a unique smart algorithm that delivers with extraordinary accuracy. Consequently, traders who are using this can earn more than $1000 daily.
What is 1K Daily Profit?
1K Daily Profit trading software was created by John Becker, who is the most popular financial technology entrepreneur, having massive experience in developing robotic trading platform solutions for the world’s top-level quantitative trading hedge funds. Moreover, this software was exclusively developed by John Becker to help the retail traders.
Let us see a few Pros and Cons of this broker –
|The Minimum deposit amount is $250.||No Mobile app.|
|1K Daily Profit has a win rate of 88%.||Does not provide how many numbers of users use this platform.|
|It offers a fully automated platform.|
|It uses a smart algorithm to execute trading.|
|This platform is secured by SSL technology.|
|Offers Demo account.|
List of Sailent Features of 1K Daily Profit
- This trading software platform was developed on the trading system used by the investors like Warren Buffet and other leading global hedge funds like Goldman Sachs. This offers several intraday trading signals that have an amazing success rate of more than 88%.
- Few have questions that 1K Daily Profit is a scam or legit. This is a software specially designed to take full advantage of profit-making trade opportunities that are created when the economy goes down.
- By using 1K Daily Profit system, the users can trade freely and check their progress on their desktop, smartphone, or tablet as the software is very user friendly. By using a single click of a button, the trader can switch on/off the auto-trading feature.
- One of the most important advantageous features of this software is that it allows the user to select the number of trades that are placed by this system on their behalf; Low -1 trade, Medium -3 trades, High -5 trades. Also, the user can select the amount to be traded, such as $25, $50, $75, and $100.
- When considering manual trading, 1K Daily Profit system offers a selection of currencies, commodities, stocks, and Indices with the current rate, asset name, advised type (put or call) recommended investment amount, and potential profits.
- As per our review, the most important issue with manual trading system that only allows placing trades on the assets that have a signal designated by the 1K Daily Profit system, which implies that the algorithm considers that EUR/USD pair is going upwards, then the trader can place a call.
- It includes both technical and fundamental algorithms that identify high-quality chart patterns that are paired with current news releases.
- 1K Daily Profit uses VPS (virtual private server technology), and the trades will be placed on the user’s trading account, whether they are virtually present in front of the system or not. Besides, VPS makes sure that trading is executed in real-time when the signals are generated so that the trader never loses money when an opportunity to trade arises.
- 1K Daily Profit offers both manual and robotic options. This trading software guarantees that during trading, there are no emotions or subjective bias involved when the user trades on their chosen assets.
Advantages of 1K Daily Profit
As per our 1K Daily Profit review, this trading system offers several advantages to its traders when compared to other platforms. Some of them are discussed below –
- This trading platform has been designed by keeping inexperienced traders in mind, which means if the trader does not know anything about trading, they will still find an easy way to use this platform.
- This platform offers a demo account for the benefit of its users. This demo account is available for the new users when they sign up. This makes sure that traders can learn and execute the trades in this platform before going in for live trading.
- The most important feature of 1K Daily Profit is, it does not charge any hidden cost or fees. Further, the traders can withdraw their funds anytime during the day/night or 24×7.
- It offers its traders different kinds of assets for trading like stocks, cryptocurrencies, indices, commodities, and several others.
It does not offer a mobile app for Android or Apple devices. Besides, this offered by 1K Daily Profit is very user-friendly, and it is a web-based platform that can be viewed in any device such as a smartphone, tablet, or computer.
How does the 1K Daily Profit Work?
- Demo Account: One of the most advantages of this 1K Daily Profit platform is it comes with a demo account. Users who have registered a demo account can practice trading in this account, which simulates the real-time price. In this way, the traders can precisely evaluate the software, whether it can meet their trading needs before proceeding with the live account.
- Strategy: This software includes both fundamental and technical strategies. During a recession, the markets will react strongly to economic news releases. This system tracks all the scheduled economic events and analyzes its potential impact by using its integrated artificial intelligence. Eventually, this software proceeds to identify quality entry price points by using advanced technical analysis techniques and helps the trader to make money.
- Trade Execution: A trading strategy can be declared good when it is executed. It provides two execution modes that serve the various needs of different traders. They are manual and automatic modes. As per our 1K Daily Profit review, automatic execution mode is where the software obtains trading signals and collectively executes the signals in the user’s trading account. The major benefit of using automatic execution is that the traders will not miss a high-quality tradable opportunity blooming in the financial markets. While in manual execution mode, even though this software obtains trading signals, the user is prompted either to execute or cancel the suggestion offered for the trade.
Below given are the few reasons why this can be the right software to help the traders to implement the right strategy while online trade options.
~ Higher Success Rate: 1K Daily Profit has used the same strategy that is applied by billionaire fund investors and global trading hedge funds. It has achieved a near success rate of more than 88%. The traders should keep in mind that nothing is guaranteed in the trading markets, yet they need to be extra cautious while trading in these platforms as the markets are prone to risks.
~ Supports Multiple Platforms: As per our 1K Daily Profit review, this software can be used on several brokerage firms. When the trader registers in this platform, they will be recommended to several brokers who are all highly reputable, professional, and trustworthy. Moreover, choosing a broker is a very important decision because the trader is choosing a partner for their trading activities.
~ Multiple Signals: It uses the strategy that ensures several signals are generated on an everyday basis. A large number of accurate signals on an everyday basis implies that the traders have several profitable opportunities to exploit for trading. If a trader wishes to trade either manually or automatically, there will be no shortage of trade signals that are generated by this platform daily.
~ Higher Returns: 1K Daily Profit ensures its users that its trade signals will earn profit of a minimum of $1000 daily. This is quite reasonable when compared to a minimum investment of $250. Moreover, the trader has an option to manage their trades either manually or automatically; and this trading option is available on the user interface of this.
~ Auto-Trade Functionality: As per our 1K Daily Profit review, this software allows the perfect execution of robotic trading strategies. As soon as the trade signal is generated, it is executed, which makes sure that the traders do not miss out on a single chance of making a more gain. If the trader prefers to manage their trades, they can activate the manual trade available on the platform’s interface.
~ Demo Account: It’s recommended brokers offer free, unlimited demo accounts. It is a wise decision first to try out this platform on a demo account, which is funded with virtual funds, yet mimics the exact price action of the real-life options. Trying out a demo account first is an advantageous option, and it is very valuable to the traders because it offers the risk-free opportunity to check whether this software will help the traders to maximize their trading goals and strategies.
~ Customization: The important part of using robotic software is to remove human emotions and get more profits from the trades executed. The high customization capabilities offered by us make sure that the trader is in gaining control of the trade activities, strategies, and their profits.
~ Customer Support: 1K Daily Profit offers a dedicated customer service to all its customers who sign up on their trading platform. Further, they are enlisted to join John Becker’s inner circle. All these members will receive 24×7 customer support, with a committed manager to address any issues they might have.
~ VIP Member Benefits: Traders who sign up with 1K Daily Profit automatically join all exclusive invite-only trade communities, where they share trading tips, investment opportunities, and success stories.
~ Newsletter for Members only: As per our review, 1k daily profit members are entitled to the newsletters who sign up on this platform. This newsletter has market insights from industry experts and trading tips and strategies, having a limited timeline, which helps the traders to boost their advantages further.
Tips for Beginners
1K Daily Profit offers several trading strategies, yet it is very important to look out for some useful tips for trade to maximize profitability and to reduce the overall risk by trading. Below given are the few tips for beginners who would like to trade on this platform.
~ Starting Small: Even though 1K Daily Profit has a success rate of 88%, it is always better to start with the minimum amount of $250. Moreover, John Becker remarks that this software will not make the trader a millionaire overnight, yet it will deliver consistent profits of a minimum of $1000 per day. Besides, the trader should start with a small amount to target profits with luck and patience. Eventually, after attaining reasonable profits, they can withdraw the profit amount and reinvest their capital to make more gains.
~ Demo Account: As per our review, the demo account offered by this platform is an effective tool to help the traders to get acquainted with the platform of robotic trading. Apart from the initial stage, the traders can use a demo account to try various strategies and settings of this software. By doing this, it will help the traders to determine the most profitable strategy to be applied to the trades, under different market conditions to enhance their profitability.
~ Trading Parameters: 1K Daily Profit trading platform can be customized, starting from assets to trade, the minimum initial deposit, frequency of trading, and the mode of execution. 1K Daily Profit software helps the traders a chance to set the trading parameters for their trade goals.
~ Testimonials: As per our 1K Daily Profit review, we can see positive reviews and the testimonials given on their website. Traders who have used this software for trading, have given very good reviews about this trading platform where the new traders find it useful.
How to Get Started with 1K Daily Profit
Registering an account with 1K Daily Profit is easy and simple. It can be divided into three steps-
- The first step would be to open a free account, where the trader needs to enter their full name, email address, and their contact number to validate their account.
- The second step would be to make a deposit. The traders can select their secure and preferred payment method to make a minimum deposit.
- The third step would be to start trading. When the account is validated, the traders can start trading immediately.
How to Start Trading in 1K Daily Profit?
Let us discuss a few steps that are involved with 1K Daily Profit to start trade. This involves registration, adding funds, and trading.
~ Registration: Registration is the first process the trader needs to start with. They need to add their first name, last name, email address, password, phone number, and country of residence. The trader will receive an email with the link, and on clicking on it, they will be taken to the member’s area on their trading account.
~ Adding Funds: Adding funds in the account is simple and easy. The trader needs to connect to their bank account or make a minimum initial deposit by using their credit or debit card. This can be done by clicking funds on the dashboard.
~ Start Trading: The traders can trade manually or through the automated trade option to start trading on stocks, cryptocurrencies, and several other binary options trading on this platform. The trader can also use the automatic trade option and allow the robot to trade on behalf of them. Besides, we highly recommend starting with the minimum initial deposit of $250.
As per our 1K Daily Profit review, we found that this trading platform is user-friendly, simple, and offers several features for its traders. The software used by this platform is very powerful, which has a success rate of 88%. Moreover, we highly recommend the traders to try out the software very cautiously at first by using the demo account. The demo account is available for the traders after signing up. After getting acquainted with the platform, the trader can make the minimum initial deposit and proceed with the live trading. Presently, the trader should do their research before proceeding with any kind of trading by using automated trading robots.
As a beginner, how much should I invest in 1K Profit Daily?
As a beginner, the trader should never invest more than they are willing to lose, which goes for any kind of investment on the planet. Moreover, since trading on automated software is a relatively new concept that has just kicked in. We highly recommend the traders to start with the minimum deposit of $250 and then proceed with adding more funds in their account.
Is 1K Profit Daily scam or legit?
1K Daily Profit reports that it has a success rate of 88%, which proves 1K Daily Profit, not a scam. Since there are risks involved in automated trading, the traders should use the demo account first, and after getting acquainted with the trading platform, proceed with the live trading.
Do I have to pay taxes on 1K Daily Profit earnings?
1K Daily Profit reports that it has a success rate of 88%, which proves 1K Daily Profit, not a scam. Since there are risks involved in automated trading, the traders should use the demo account first, and after getting acquainted with this platform, proceed with the live trading.
How many users does 1K Profit Daily have?
As per our 1K Daily Profit review, the website does not publish how many users it has. Seeing the positive reviews and testimonials on the website, it might be several hundreds of thousands.
1K Daily Profit
- The Minimum deposit amount is $250.
- 1K Daily Profit has a win rate of 88%.
- It offers a fully automated platform.
- This platform is secured by SSL technology.
- Offers Demo account.
- No Mobile app.
- Does not provide how many numbers of users use this platform.