Originally Syndicated on June 1, 2024 @ 6:58 am
A cryptocurrency trading bot called the BitIQ App trades bitcoins automatically on your behalf. Using this robot, you may register for an account and then sit back as the platform discovers and completes transactions on your behalf.
Based on the trading platform’s advanced AI technology. When the market conditions are right, the computer can trade with a success rate of up to 90%. The BitIQ App states that the average daily ROI is 25%.
According to its inventors, BitIQ is intended for use by both novice bitcoin users and traders with prior experience. Experts can alter the platform’s trading strategy based on market conditions, while beginners can take a more passive approach.
BitIQ is totally free to use. There are no membership fees on the website; the only cost is a 2% profit commission. The website states that in the event that your account is not lucrative, you are under no obligation to make any payments. To utilize the BitIQ App, you need to invest $250.
We were unable to confirm all of the claims mentioned on the platform’s website, so if you choose to use it to trade cryptocurrencies, be advised that there is a chance you could lose money.
Bitcoin and other cryptocurrencies are unregulated. There is no investor protection if you engage with unlicensed brokers.
About the Owner of BitIQ
Who owns BitIQ is unknown because of the inconsistent data on multiple websites and little-known facts about BitIQ itself.
According to sources, a trading software provider with years of experience in the market for trading operations is said to be in charge of the organisation.
Which Process Is Applied by the BitIQ App?
The trading system of the BitIQ App is built on an AI algorithm. The system searches the bitcoin exchanges for previously observed price patterns. Once a pricing pattern is identified, the computer monitors it until a predetermined trigger to buy Bitcoin is met.
The algorithm starts a deal using money from your trading account when a trigger is satisfied. The transaction development process is carried out by the system after a withdrawal signal is identified. After that, the BitIQ algorithm will quickly end the transaction and credit your trading account with all of the money, profit included.
Importantly, BitIQ is a trading system rather than a brokerage. Please take note that your trading account is run by a cryptocurrency broker who collaborates with BitIQApp.
Which Hardware Supports the BitIQ App?
Account users may access the platform using a web browser even if there is no BitIQ app. This includes laptops, tablets, and smartphones.
Which brokers and exchanges are connected to the BitIQ App?
BitIQ withholds information about the brokers it partners with until a profile is created. The trading platform is open to users in any jurisdiction that allows CFD trading.
We were unable to verify which companies are licensed, thus it is best to speak with the brokerage directly. Additionally, dealing with unlicensed brokers is not advised.
What are the BitIQ App’s trading fees?
The BitIQ App states that costs are only incurred when your account is profitable. Profitable traders take a 2% commission on each deal. Those who have made no payments since their investments have not yet proven fruitful. BitIQ doesn’t charge for accounts, savings, or withdrawals.
It should be noted that additional trading, inactivity, or withdrawal fees might be assessed by BitIQ’s associate brokers. The money from these fees, which vary from broker to broker, does not go to BitIQ.
Here is a list of all the fees associated with BitIQ:
BitIQ: Is it a Scam or a Real App?
Does the BitIQ App Work? was one of the problems we tried to solve in our assessment of the BitIQ App. Finally, we were unable to verify BitIQ’s assertions.
It ensures there won’t be any fees unless there is a profit on your account. When you compare the fees of other well-known cryptocurrency trading robots, 2% is still a fair amount.
Second, BitIQ states that it only works with reliable brokers; however, we were able to confirm this. BitIQ says you may easily get your money back if you’re not content with how it operates. Withdrawals are free of charge and are expected to be processed in less than a day.
Currently available on the BitIQ Trustpilot page, which collects user feedback from the UK, are 28 unfavourable evaluations that award the company a single rating.
Consumers have complained about being harassed by calls after joining up and while attempting to cancel the subscription, calling BitIQ a “total” and “out and out” scam.
Posts about BitIQ can be found on social media platforms such as Reddit and Twitter, but they rarely receive much feedback and appear more like advertisements than real content.
If you choose to use BitIQ, we recommend that you do your homework and create a trial account before investing real money.
Read our review of Bitcoin Loophole if you’re seeking further cryptocurrency robots.
Is BitIQ App a fraudulent product?
It is now unclear if BitIQ is listed on fictitious DMCA notices made in response to publications and postings exposing fraudulent and deceptive brokerage practices.
A false DMCA happens when somebody copies your work, posts it on their website, and then modifies the date. Following that, they inform Google that you plagiarised their piece even if it was original.
If they are successful, Google may decide to delist your material from its search results since their posting date is earlier than yours.
Both it and the content are false.
Simply said, BitIQ App’s trading business in the marketing industry may suffer as a result of using DMCAs as a shield to hide its real identity.
Reviews of the BitIQ App
#1 Total Scam
The above reviewer told that They connect you to scam companies like Dex-Trade and Trader of Power, who will phone you ten times each day from randomly generated numbers so you can’t block them. He further said that money will be taken by them, then they will vanish!
#2 They scam people
This reviewer told that as soon as you enter your phone number, calls will start to come in from various nations, and even if you ask them to stop, they won’t. Avoid making the same error I did when I attempted to register with these fraudsters.
#3 Do not register
This reviewer told me to avoid registering! As they will receive a barrage of phone calls, all purporting to be from various firms and promising the exact same thing, as other consumers have already highlighted. There is no such app, and all of them are imitations of the same fraud.
#4 Scam calls
This reviewer told me to avoid the trouble and decline to participate in this. I received a call from them within 30 seconds, and now I frequently get spam calls from various numbers. I’ll have to alter my phone number.
#5 Rude Behaviour
This reviewer said that they are nasty and aggressive and will not take no for an answer when they phone from thousands of different numbers. Don’t register any information.
More Reviews
This Bitcoin trading robot’s credibility could not be verified by the BitIQ App review. With the right market circumstances, BitIQ claims to be able to execute transactions for you on 14 different cryptocurrencies, with up to a 90% success rate.
Users are said to receive a daily average return of 25%, however, we were unable to verify this, so do your research before joining. Most Trustpilot reviews for BitIQ are unfavourable.
Bottom Line
Google continues to be used to support dubious cryptocurrency projects such as Bit IQ. Cybercriminals use fake celebrity news articles to advertise Bit IQ, YuanPay, and other fraudulent cryptocurrency businesses as a safe way to make quick money with cryptocurrency. Additionally, these fraudulent activities search for potential victims of the InsiderMark broker scam. Upon registering with Bit IQ, one is immediately redirected to InsiderMark’s payment website. Be away to safeguard your financial well-being.
