BitiQ Review 2023 – Trustable App (bitiqapp.com) or Another Scam?

What is BitiQ?

BitiQ is a purported user-friendly trading application. As per their assertions, this platform leverages machine learning AI to automate the handling and prioritization of buy and sell orders.

BitiQ is a trading platform that, according to its website, incorporates advanced technology to analyze market data and make intelligent trading decisions on behalf of its users. By continuously monitoring the cryptocurrency markets in real-time, BitiQ aims to identify profitable trading opportunities by analyzing historical data and recognizing established patterns and correlations.

BitiQ claims to utilize the funds in traders’ accounts to execute trades in real-time once it identifies a signal pattern. The platform opens a position in the direction indicated by the signal and automatically closes it at a certain point, likely based on a profit target, stop loss, or other predetermined price pattern associated with that signal.

The platform asserts that it can effectively manage users’ cryptocurrency investments without the need for manual intervention, offering a seamless and automated trading experience.

Is BitiQ Legit or Scam?

BitIQ is one of many marketing funnels utilized by various brokers to attract new customers. The actual broker you end up signing up with, as well as its regulatory status, may not even matter. In some cases, these funnels may not even be associated with a legitimate broker but instead operate as online simulations. These marketing tactics often breach basic marketing standards, both ethically and morally, by making enticing promises of effortless profits and more.

On Google, you can come across various websites with the name BitiQ, each with its own domain. All these websites claim to be the original providers of the BitiQ program.

Our attempts to gather information about the team behind BitiQ and the operating company of the platform have been unsuccessful. It is common for this type of software to be developed by anonymous individuals or entities.

BitiQ primarily operates as a trading application, essentially functioning as an automated robot that executes trades on behalf of the trader. It’s important to note that BitiQ itself is not a broker and therefore is not required to obtain licenses from recognized regulators. However, in order to use the application, users need to have an account with a broker. Unfortunately, the website does not specify which brokers the trading system is compatible with. Users are likely to be directed to partner brokers, some of which may lack proper licensing. It is crucial to conduct thorough research on the broker’s legal address and licensing before proceeding. It is advisable to choose only trustworthy and reliable brokers. Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

BitiQ: Account Types

BitiQ operates differently from traditional brokers, as it does not offer different account types. Instead, to gain access to the app, users are required to deposit a minimum of $250. It is worth noting that the BitiQ website strongly emphasizes that the platform itself is completely free to use. The $250 deposit is solely used for initiating cryptocurrency trading on behalf of the user.

What Warnings Are Issued by the Financial Authorities for BitiQ?

As of now, there have been no regulatory warnings issued against it. Unfortunately, the BitiQ has no warnings yet. But it may happen soon. We will watch for further developments in the situation.

But we want to warn you. Any link to the site you find in a search engine will be permanently different, although the name of the trading platform will be the same. The design of the site may even be different. It will just be a landing page that doesn’t provide any legal information.

Pay great attention to the design of the site. It looks like a common fraud scheme, looks like a one-day site. While some websites have slight textual or graphic modifications, others are completely clones. We strongly recommend to read our reviews of other similar scams – Bitcoin 360 AI, Bit Index AI, Bitcoin Era. If you go to other reviews, you will find that other applications have an exact copy of the BitiQ site.

This scheme has gained significant popularity, and we have discovered several versions and cloned websites that are currently prominent in Google searches. Additionally, many positive Google reviews lead to a third-party site that resembles numerous others, albeit with different domains.

Multiple affiliate networks are actively competing to enhance their search engine visibility. Consequently, you will encounter numerous websites associated with BitiQ that assert themselves as the “official” ones. Each of these websites is affiliated with different contracts-for-difference (CFD) brokers, and respective arrangements are established accordingly.

Trader’s Opinion

Traders have unequivocally expressed their opinion on Traspilot. Out of 32 reviews, 100% were negative. Here’s one of them:

Elon Musk Is Not Involved
There are adverts doing the rounds on social media, indicating that Elon Musk wants to make us all rich. It goes on to say that he has invested over a billion in Bitcoin, which helps us with BITIQ 🤔
Absolute codswallop.
Forget it, it’s an out and out scam!

Date of experience: May 27, 2022

What Should I Do If I Become a Victim of BitiQ?

We understand the distress and concern you may be experiencing. Falling victim to scams can have significant financial consequences. Taking prompt action is crucial to prevent the fraudster from profiting at your expense and to work towards recovering your misappropriated funds. We strongly advise you to contact us immediately for effective assistance.

Our dedicated team of legal experts is ready and available to support individuals in your situation. You can reach out to us at any time, and we will leverage our resources to attentively listen to your concerns and provide expert guidance.

BitiQ: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about BitiQ. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about BitiQ!