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1K Daily Profit is a robot that facilitates automated trading in cryptocurrency assets and forex markets. According to its official website, the robot was founded by John Becker, who claims to be a former employee at Goldman Sachs. However, our team could not find any evidence to verify this claim.
The platform has a multitude of testimonials from people who say they have generated thousands of dollars in profits each day, and 1K Daily Profit also claims that its trading software works with an accuracy of 99.8% winning rate. Again, we could find no evidence to back up these claims and they seem very much ‘too good to be true.’
In this review, we will examine the services offered by the platform as well as whether the bold claims made on its website have any truth behind them.
Pros & Cons
What is 1K Daily Profit and what can I do with it?
1K Daily Profit is an automated trading robot that facilitates automatic execution of trades in cryptocurrency and forex markets. It uses a trading software which uses algorithms to scan market conditions and pick winning trades by performing fundamental and technical analysis. Upon calculating, the robot automatically places and executes the trade without any intervention of the trader.
Furthermore, the platform also offers the manual trading option in forex and cryptocurrency assets for expert traders. A trader can manually define parameters for entry or exit of a trade in a particular asset. The robot monitors the markets round the clock and will automatically execute the trader’s order as soon as predefined conditions are met.
How does 1K Daily Profit work?
1K Daily Profit’s software is connected to a network of different brokers that offer services of trading in cryptocurrency and forex markets. The robot deciphers trading signals based on its analysis and trading algorithm. It passes these signals to the brokers through an API, and then the broker’s platform will automatically execute the specified order.
1K Daily Profit key questions, answered
Which brokers can I use with 1K Daily Profit?
1K Daily Profit partners with brokers to offer services of trading in crypto and forex assets. Some of the brokers that have partnered with the platform include 24Option and UFX.
What cryptocurrencies are supported on 1K Daily Profit?
The robot offers trading in prominent crypto-assets including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
The robot also offers to trade in forex assets. Some of the currency pairs offered on the bot’s platform include:
Can I use 1K Daily Profit on mobile and desktop?
Yes. 1K Daily Profit services can be accessed through any browsers on a desktop or laptop with an internet connection. The auto trading bot does not offer a mobile application but it is possible to access its services on a mobile browser.
Can I trade assets with leverage?
Yes. Since the brokers associated with the autotrading robot facilitate leveraged trading, a user can trade assets with leverage. 1K Daily Profit’s official website does not mention the leveraged amount that it offers, but, most of these partners allow leverage in the range of 1000:1 to users.
Please note that trading crypto or forex assets with leverage is highly risky. This is primarily because both these markets are highly volatile. With higher leverage, you stand a risk of losing your capital. Always start small and build gradually.
Can I open long and short positions with 1K Daily Profit?
Yes. This robot allows users with margin trading and you can take a long or short position by specifying your trade position. Additionally, the trading bot also offers binary options trading and a trader can also take positions of call or put.
In trading, a long position is when a trade is placed that the price of an asset will rise and a short position is when a trade is placed that the price of an asset will fall.
What are the payment methods and withdrawal/deposit limits?
The minimum amount of deposit required on 1K Daily Profit is $250 after which you can start autotrading. The available methods for payment include Mastercard, Visa, debit/ credit cards, Bank transfer, and SEPA transfer.
There are no limits placed on withdrawals and users can withdraw money on a daily basis as well. The withdrawals might take 24-36 hours to reflect in your bank account.
Are there any costs and fees involved?
No. According to 1K Daily Profit’s official website, there are no hidden costs involved for using services of the auto trading bot. At the same time, while the robot might not directly levy a charge on you, it might take commissions from its partners for your trades.
How do I get paid? What about payouts?
The process of withdrawals occurs through the broker’s platform where trades are placed, rather than on the robot’s platform. From the trading dashboard, you are required to submit a ‘Withdrawal Request’. There are no limits placed on your payouts. Since all the partner brokers are regulated platforms, you may be required to submit identification and address proofs while withdrawing money to your bank account.
What is the registration and verification process?
The registration process is fairly simple. In order to become a member, you are required to provide your name, email address, and contact number on the signup form. A verification link will be sent to your email address after which you are a verified member of 1K Daily Profit. Please note that in case if regulated brokers are not available in your jurisdiction, you may not be able to register on the trading robot’s platform.
It is likely you’ll need to provide more ID information when you wish to withdraw funds, but you can start trading with just your name, email address, and phone number.
What is their customer service like?
1K Daily Profit offers 24/7 customer services that you can access via different methods. Prior to registration, you can contact their customer service through a support form. Once you are a registered member, you can contact their customer service through email, live chat, and phone.
Is 1K Daily Profit legit?
While 1K Daily Profit does facilitate autotrading, most of the claims made on its website are hard to believe. Statements that the robot has an accuracy rate of 99.8% are impossible to verify (and very unlikely), and 1K Daily Profit’s founder’s claim that investors like Warren Buffet use the software is completely false.
Moreover, the website offers unverified claims of daily profits of $1000 and above. Nothing comes for free in this world, and so be very wary of any service that promises to make huge returns without you needing to put any effort in.
Experienced traders can use the robot’s manual settings to program trades to be executed automatically. This can be useful as part of a trading strategy and allows you more control over your funds than simply handing them over to the robot.
Has 1K Daily Profit been recommended by celebrities or appeared on TV?
As far as Invezz can find out, none of the stories linking 1K Daily Profit to influential investors, famous celebrities, or popular television shows are true. There have been many online stories making such claims in recent years, but when we investigated these we could not find any proof to back up their assertions about the platform.
Below are fact checks on three of the most commonly found claims of connections between 1K Daily Profit and notable celebrities.
Is it true that Mel Gibson endorsed 1K Daily Profit?
No, it is untrue that Mel Gibson has any association with 1K Daily Profit. Mel Gibson is one of the most well-known names in the film industry, having found success as an actor, screenwriter, and director. His most famous role was his portrayal of William Wallace in Braveheart, and his most discussed directorial contribution is the controversial 2004 film The Passion of the Christ.
Fact check: False. When researching we could find no evidence to support the claim that Mel Gibson has endorsed this platform.
Does Daniel Craig use the 1K Daily Profit website?
While many online news sites have speculated that this might be the case, we looked into it and discovered that it is untrue that Daniel Craig uses this crypto platform. Daniel Craig has portrayed James Bond in the last four films in the franchise, having replaced Piers Brosnan in the role of the British 00 agent.
Fact check: False. There is no truth to the rumours that Daniel Craig uses 1K Daily Profit.
Has Kate Garraway publicly recommended the platform?
Kate Garraway has never publicly spoken about the 1K Daily Profit platform. Presenter of Smooth Radio’s Mid Mornings with Kate Garraway, and Friday co-anchor of ITV’s Good Morning Britain, Kate Garraway is a British broadcast journalist widely recognised across the media sector in the United Kingdom.
Fact check: False. Kate Garraway has never endorsed this crypto trading robot.
How to trade with 1K Daily Profit
1K Daily Profit has a user-friendly trading interface for opening and closing trades of different assets. The ‘Trade Now’ navigation shows a summary of your profit, balance, and winning trades. It also shows the list of open trades of all the assets. The trading settings allow you to set multiple parameters including stop loss, trade amount, daily profits, maximum daily trades, etc.
A trader can also place deposits and withdrawal requests from the trading dashboard which contains a panel of the partnered broker. This auto trading bot allows you to trade on its demo platform to familiarise yourself with trading as well as its interface.
To access the cryptocurrency bot services, here are the steps for opening an account:
How to open an account with 1K Daily Profit
- Step 1: Registration – For accessing services of 1K Daily Profit robot, you are required to register by filling a sign up form available on the right side of the home page on its official website. You are not required to submit any identification proofs at the time of registration. The process of verification requires you to approve the link sent on your mentioned email address.
- Step 2: Deposit Funds – A trader needs to deposit a minimum amount of $250 in order to avail the service of autotrading on 1K Daily Profit. Alternatively, you can use the option of demo trading available with the autotrading robot.
- Step 3: Trade – A trader can now slide the autotrading option. The robot’s algorithm starts performing analysis to obtain the potential winning trades in the market. A user can opt for the manual trading option and fill all the required criteria of a trade. The bot will automatically execute trades as per defined parameters.
Our top robot trading tips for beginners
Before investing or trading in the markets, a trader must conduct thorough research of the cryptocurrency and forex markets. The prices of assets are highly volatile and a trader may lose money with irrational decisions. Even when using a robot, you should never invest in a market you don’t understand. Here are some of the tips that a trader must consider before starting to trade using 1K Daily Profit.
- Familiarise yourself with trading. A beginner should understand and familiarise with different aspects of cryptocurrency and forex markets. A trader should also understand risk mitigation strategies to minimise the potential impact of losses in cryptocurrency or forex trades
- Understand cryptocurrency space. The cryptocurrency market schematics function differently in comparison to traditional markets. The markets are relatively nascent and also highly volatile.
- Start with a demo account. 1K Daily Profit facilitates the option of demo trading for users. This allows users to not only familiarise with trading in these markets but also gives them a chance to navigate the robot’s trading dashboard.
- Start small and build gradually. Start by investing and trading in small amounts. It is advisable to not indulge with higher leverage as it comes with its own set of risks and a trader stands to lose their entire capital if caution is not exercised.
- Only invest what you can afford to lose. You should never invest more than you can afford to lose. Starting small and building over time is the best approach to investing.
While the robot can be accessed for certain services, its official website is filled with bold and unverified claims. We could find no reason to believe these claims are true. The testimonials of people earning thousands of dollars in profits do not appear to be legitimate, and claims that influential investors and celebrities use 1K Daily Profit’s software are totally incorrect.
Beginners should treat any statements asserted by the founder of 1K Daily Profit or mentioned on the platform’s website with caution. Expert traders can access the services of this robot for manual trading which enables them to trade in 24/7 markets at their desired conditions, and all investors should conduct thorough research before investing in any trading markets.
1K Daily Profit offers automated trading services in cryptocurrency and forex markets, however, it incorporates unethical marketing techniques and its website also makes unverified claims about the software’s effectiveness. Its official website proclaims to generate $1000 in daily profits for users, but these claims could not be verified and are hard to believe.
Even the most experienced traders cannot predict trades with 100% accuracy. The robot does find trading signals using algorithms and statistical analysis as well as facilitates the manual trading option to its users. But, despite claims on its website and from 1K Daily Profit’s founder, the platform is not associated with any celebrities or investors.
Yes. Opening an account to use services of 1K Daily Profit is easy and convenient. To register the user simply needs to provide a few details and the process of verification takes up to 30 minutes. But please note that you may not be able to register on the autobot’s website if there are no partnered brokers available in your country.
No. Payouts cannot be withdrawn in cryptocurrency as the broker or the robot does not trade with actual cryptocurrency coins and tokens. Withdrawals are deposited in your bank account in your preferred fiat currency.
1K Daily Profit does offer trading services, but the techniques used for promoting their product are deceiving. The website does not give full evidence to the founder’s claims or the testimonials on the platform. Also, there are multiple websites under the same name that offer the same services, thereby questioning its authenticity.
In the sense of the platform automatically executing trades, yes. However, it does not deliver $1000 in daily profits as claimed multiple times in the video as well as on the platform. 1K Daily Profit uses innovative solutions to produce trading signals and executes trades automatically by sending these signals to a partnered broker, but its claims to be 99.8% accurate are unsubstantiated.
According to its website, the services available on 1K Daily Profit are absolutely free without any commission. But, although not openly asserted, you will have to pay charges to the partnered broker which the robot uses to execute trades.
Prior to deleting your account on 1K Daily Profit, ensure that you have withdrawn your funds/ capital from the broker’s platform. After the funds are credited to your account, you can place a request to delete your account from the broker’s platform as well as the robot’s trading interface.
It isn’t clear. On its website, the founder of the robot is listed as John Becker. However, we couldn’t find any information about Mr Becker, and the photo used on the site to represent him is from a stock image gallery.