BitIQ App Review: Is it Safe for Trading? The Truth Exposed (Latest Update 2023)
BitIQ App is a crypto scam that has attracted a lot of attention recently. It uses illegal tactics to hide customer complaints so prospective victims would be unaware of its dangers.
Before you consider dealing with this scam, you should go through the following BitIQ App review:
What is the BitIQ App?
BitIQ App is a cryptocurrency trading robot that trades bitcoins on your behalf automatically. You may use this robot to set up an account and sit back while the platform discovers and executes trades for you.
The trading platform is based on its advanced AI algorithm. Under the correct market conditions, the algorithm can trade with a success rate of up to 90%. BitIQ App claims a daily ROI of 25% on average.
According to the designers, BitIQ is intended to be used by both crypto novices and advanced traders. Beginners can take a passive strategy, while professionals can modify how the platform trades in different market conditions.
What is Cryptocurrency?
A digital type of money known as cryptocurrency has no tangible counterparts, such as coins or bills, and only exists electronically. Electronic tools like cell phones, PCs, or specialist Bitcoin ATMs are frequently used in cryptocurrency transactions. Even though Bitcoin and Ether are well-known examples, there are many other virtual currencies on the market, and more are constantly being created. These cryptocurrencies offer distinctive features and applications in the fields of technology and finance, operate on decentralized networks, and are defined by their digital nature.
BitIQ is entirely free to use. The site does not impose account fees, and the sole cost is a 2% profit commission. If your account does not generate a profit, the website claims you do not have to pay anything. To get started with BitIQ App, you must pay a $250 investment.
We were unable to verify all of the claims mentioned on the platform’s website, so keep in mind that there is a chance you will lose money if you choose to use it to trade cryptocurrency.
Bitcoin and other cryptocurrencies are uncontrolled. Investor protection does not apply if you trade with unregulated brokers.
Who is the Owner of BitIQ?
Because of inconsistent information on numerous websites and very little data on BitIQ itself, it is unclear who owns BitIQ.
According to reports, the company is controlled by a trading software supplier with years of knowledge of the trading activities market.
Advantages & Disadvantages of the BitIQ App
- It is said to be possible to trade 14 various digital currencies.
- It claims a daily ROI of 25% on average.
- It is stated that you only pay if you generate a profit.
- Appearances to be user-friendly
- No prior trading experience is required.
- The claims could not be verified.
- A minimum deposit of $250 is required.
- In some areas, it is not available.
- Trustpilot has received negative feedback from customers.
What Is the Process of the BitIQ App?
The trading mechanism at BitIQ App is based on an AI algorithm. The system searches the cryptocurrency marketplaces for price patterns it has observed in the past. Once it identifies a price pattern, the algorithm continues to watch it until a predetermined trigger to buy Bitcoin is reached.
When a trigger is satisfied, the algorithm enters a transaction using money from your trading account. The algorithm then proceeds through the trade development until a withdrawal signal is recognized. At that point, BitIQ’s algorithm will close your trade immediately and refund any cash, including revenue, to your account for trading.
What Devices Support the BitIQ App?
There is no BitIQ app, however, account holders can use a web browser to access the platform. This covers tablets, computers, and mobile devices.
BitIQ App has collaborations with which exchanges and brokers?
BitIQ does not reveal which brokers it works with until a profile is set up. The trading platform is legal in any jurisdiction where CFD trading is legal.
We were unable to confirm which brokers are regulated, thus it is best to contact that broker directly; it is also not suggested to trade with unregulated brokers.
What are the fees of the BitIQ App for trading?
BitIQ App claims that it only charges you a fee if your account is profitable. Profitable traders pay a 2% commission on all deals. Traders who have not yet made a profit on their account do not pay anything. BitIQ has no account, deposit, or withdrawal fees.
Importantly, BitIQ’s partner brokers may levy additional trading, inactivity, or withdrawal fees. These fees differ from broker to broker, and the money does not go to BitIQ.
Here’s a rundown of all the costs at BitIQ:
Is the BitIQ App a Scam or Legit?
One of the topics we sought to solve with our BitIQ App review was, “Is BitIQ App a Scam?” Finally, we were unable to verify BitIQ’s assertions.
It promises there are no fees unless your account makes a profit. Even yet, a 2% charge is in agreement with what other significant crypto trading robots demand.
Secondly, BitIQ assures us to only work with reputable brokers, but we were unable to confirm this. According to BitIQ, it is incredibly simple to get your funds refunded if you are dissatisfied with the platform. Withdrawals are said to take under twenty-four hours and there are no costs.
The BitIQ Trustpilot page, which collects customer feedback from the United Kingdom, is exceedingly unfavorable, with all 28 reviews currently available granting only one star.
Clients have referred to BitIQ as an “out and out” and “total” scam, as well as being harassed with calls after joining up or attempting to cancel membership.
Posts about BitIQ can be seen on social media platforms such as Reddit and Twitter, however, they receive a minimal response and appear more like advertisements than actual posts.
If you wish to use BitIQ, we suggest doing your homework and using a trial account before investing real money.
If you’re looking for more crypto robots, you should also read our Bitcoin Loophole review.
Google is still promoting fraudulent cryptocurrency initiatives like Bit IQ. Scammers utilize bogus celebrity news pieces to promote Bit IQ, YuanPay, and other fraudulent cryptocurrency schemes as a safe method to get rich quickly.
These fraud activities are also targeting potential victims of the broker scam InsiderMark. Somebody who joins through Bit IQ App is instantly sent to the payment page for InsiderMark. Stay away and safeguard your financial health.
Is BitIQ App is fake?
Now the question arises of whether BitIQ is represented on Fake DMCA notices against the articles and posts highlighting the false & scammed brokerage.
A fraudulent DMCA occurs when someone replicates your work, puts it on their website, and then changes the date. Then they notify Google that their post is unique and that you copied it.
Because their posting date is earlier than yours, they may succeed and Google may remove your content from its search rankings.
It is misleading and unlawful.
Simply put, BitIQ App is employing DMCAs as a shield to conceal its original ID, which might harm its trading operation in the marketing industry.
BitIQ App Reviews: Scam Exposed By Clients and Victims
Before proceeding to the feedback of experienced consumers, the above image can be used to assess the stage of the BitIQ app. This indicates that BitIQ is at its lowest level. As a result, we may conclude that all of its claims made on behalf of itself to recruit clients are completely false.
#1. Got a call in a very short period
In the previous review, the consumer clicked the website and received a call within 30 seconds. Even though he was anxious to learn more about BitIQ. It was far too early to be called by any company!
#2. Involvement of Elon Musk is Fake
As per the above review, social media advertisements are circulating that claim Elon Musk intends to turn us all wealthy. It goes on to imply that he has over a billion dollars invested in Bitcoin, which assists us out with Bit IQ App Absolute nonsense.
It’s an obvious deception.
#3. Advice to be very careful
The client was contacted within 5 minutes, after the process of registration. According to the above evaluation. Although she stated that she wanted to halt the inquiry, their company’s advisor formed unexpected conclusions. However, the advisor insulted her and stated that she did not need to attend college. What are your thoughts on this behavior now?
#4. BitIQ App is a “SCAM”
The person in the preceding review joined the BitIQ App webpage. According to the website, the app will be emailed to you when one of their brokers calls you to verify some details.
He then received a call from somebody from AnalystQue, and after a brief conversation, he felt they wanted to know too much information more than what was already disclosed on the register.
He informed them he wouldn’t give them any more information until he saw the e-mail they were discussing. Their entire story had begun to unravel by this point. He said his goodbyes and hoped not to hear from them again, and he checked AnalystQue on the internet, only to discover it was a scam!
#5. Do not sign up with the Bit IQ App
According to the aforementioned review, BitIQ App called the client immediately and now calls her regularly. She begged them on multiple occasions to delete her from their records, and this time the man told her that would be like asking the bank to close her bank account. She told him to go. The firm kept calling from different numbers, so you couldn’t block them. She warns you not to sign up to save yourself the trouble.
#6. BitIQ App is a total scam
According to the client’s assessment, BitIQ is a huge fraud because they link you to scam firms like Dex-Trade and Trader of Power that would call you 10 times per day from numbers that are randomly generated that you can’t block. They will grab your cash and disappear with it.
#7. It is a complete hassle
According to the previous comment, the BitIQ App is an immense hassle. They completely ignored his request and him. Have you had any calls from these folks in Stoke-on-Trent, Glasgow, Bolton, Forres, Machester, or St Helier, Bulgaria? Nonstop phone calls – 2 to 3 times per day. SIGN-UP IS NOT REQUIRED.
#8. Surely it is a “SCAM”
#9. It is a huge scam
#10. Make an investigation before going into the phase of the BitIQ App
#11. Do not register in BitIQ
#12. Alert for Scam
#13. Gives spam calls
#14. Perceiving to be an Amazon.com project
According to the comment, they put Amazon branding on Facebook advertisements. He then assumed it was an Amazon project and supplied his information. Then there was a phone call requesting more information. They will not accept no for an answer. Don’t feel secure, and it appears to be a major false flag.
The preceding reviews are insufficient to judge BitIQ’s negativity; there are many more available at the following site for a wide range of opinions:
The BitIQ App evaluation was unable to confirm the legitimacy of this cryptocurrency trading robot. BitIQ promises to be able to trade 14 various cryptocurrencies on your behalf, and it claims to be able to succeed in up to 90% of trades under the correct market conditions.
Users reportedly get a daily average return of 25%, however, we were unable to corroborate this, so do your homework before signing up. BitIQ has overwhelmingly bad TrustPilot customer evaluations.