Created by David Sampson, Thousand Dollar Days is a binary options trading product that claims to use experienced traders to guarantee profit.
What is the product?
Unlike your typical binary options trading product, Thousand Dollar Days is not a piece of software. Instead, creator David Sampson says that he personally works with his team of 25 traders (including 4 other founding traders who have been together since 2008) to trade daily with a view to making a considerable income. With Thousand Dollar Days you too can benefit from the trading that the Thousand Dollar Days team carry out by having your trading account linked to their master account. This means that any trades that David Sampson and the Thousand Dollar Days team make will also be carried out on your account as well. Trades appear to be a $25 value based off a “live” results page that is shown (which also show a claimed win rate of 97% based off their “results”). As is typical for this kind of product you are highly restricted as to which binary options broker that you can use. In the case of Thousand Dollar Days it is Big Option however AA Option have also been the recommended broker in the near past.
What is the investment vs. the rate of return?
Despite being advertised as a free product there are actually a number of costs involved in getting started with Thousand Dollar Days. First and foremost is the minimum deposit that you will have to pay to Big Option in order to have David Sampson trade for you. On top of this, you also have to “donate” your lowest days takings to Thousand Dollar Days in order to help them to attain their target of doubling the income for users in the next year. The claimed income for Thousand Dollar Days is rather straight forward. David Sampson says his team of traders will successfully make you $1,000 per day as a minimum, ‘guaranteed’. Over the next 12 months he claims that the intent is to double this figure.
Does the product provide value for money?
Personally I don’t see any aspect o Thousand Dollar Days that can be considered value for money for reasons that I shall explore below.
Conclusion
There are a lot of things with Thousand Dollar Days that seem frankly, wrong. I shall start by addressing what I feel is the biggest, namely that neither David Sampson nor Thousand Dollar Days are registered with the FCA which means that they aren’t really monitored by anybody (despite claiming to be regulated). There is also the fact that Thousand Dollar Days fits the bill of so many binary options products that have come before it, namely an offer of being available for “free”, despite tying you down to a certain broker. These brokers are almost invariably whoever is paying the highest referral commission at the time as this is generally where marketers make their money. In fact, I’ve not seen anybody make money through binary options that comes from a none biased source. The fact is that there is nothing conclusive to show that Thousand Dollar Days can make anywhere near the claimed profit and as such I would recommend avoiding this entirely.
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