One of several automatic trading systems available to novice traders who have never utilised a cryptocurrency broker, exchange, or other trading robots is BitIQ. According to reports, BitIQ makes transactions on your behalf using algorithms, machine learning, and artificial intelligence to speculate on the cryptocurrency market. Users can purchase and sell CFDs for major assets like Litecoin, Ethereum, Ripple, and Bitcoin. In this BitIQ review, we’ll discuss the platform’s benefits and drawbacks to help you decide whether or not this Bitcoin trading robot is a scam.
Our Verdict
BitIQ is an easy-to-use trading bot that can help you profit from the market. According to the service’s creators, it has a 92% backtested success rate. They have also lauded the service’s effectiveness and security.
We are unable to offer a definite response regarding the validity of BitIQ. But the bot appears to have the qualities of a dependable platform.
However, because the cryptocurrency market is so unpredictable, we urge you to only deal with money you’re willing to lose. When trading, use your take profit and stop loss orders carefully. Start out modestly, avoid being overly greedy, and perform a test withdrawal right away.
BitIQ Overview
| 🤖 Robot Name: | BitIQ |
| 👾 Robot Type: | Crypto Trading Robot |
| 💸 Minimum Deposit: | $250 |
| ✅ Is It a Scam or Legit? | Legit |
| 🚀 Claimed Win Rate: | 84% |
| 💰 Trading Fees: | None |
| 💰 Account Fees: | None |
| 💰 Deposit/Withdrawal Fees: | None |
| 💰 Software cost: | Free |
| ⌛ Withdrawal Timeframe: | 24 hours |
| #️⃣ Number of Cryptocurrencies Supported: | 50 |
| 💱 Supported Cryptocurrencies: | BTC, ETH, LTC, XRP |
| 💲 Supported Fiats: | USD, EUR, GBP |
| 📊 Leverage: | 5000:1 |
| 👩🏫 Social Trading: | Yes |
| 📋 Copy Trading: | Yes |
| 📱 Native Mobile App: | No |
| 🖥️ Free Demo Account: | Yes |
| 🎧 Customer Support: | Live Chat |
| ✅ Verification required: | Introductory Phone Call / KYC |
BitIQ Pros and Cons
Pros
- BitIQ trading app has a relatively easy registration process
- No trading experience is required to buy and sell contracts
- Numerous brokers and cryptocurrency contracts are available
- BitIQ operates in multiple countries and jurisdictions
Cons
- Unavailable in certain locations, such as the United States and Hong Kong
- BitIQ customer support is unreliable
- Trading robots are the riskiest way to place trades
- BitIQ is missing features for advanced traders such as price trend analysis, technical analysis, and others.
Is BitIQ a Scam?
Without requesting any of their personal financial information, BitIQ offers customers a simple and secure option to invest in Bitcoin. As it prioritises the protection of consumers’ private data, this is particularly significant.
You must register for an account through the form above in order to use this app, and access to your account must be verified in some way. There are a total of five options available once you’ve logged into your account: Deposit Funds, Trade Now, Make Picks (which also needs registration), Watchlist, and Settings. The fifth option allows you to configure settings such as the time zone it is set in and other things relating to business needs, whereas the previous four alternatives all demand KYC compliance from each user separately.
It is possible to trade in more than 15 different cryptocurrencies, including Bitcoin and Ethereum, on the BitIQ trading platform.
It also gives you access to a wide range of tools, such as charts showing past prices. This makes it perfect for both seasoned traders and those who are new to trading cryptocurrencies.
The demo account allows you to practise trading before doing so on your live account is one feature that distinguishes this service from others. By changing your original payment into cryptocurrencies and starting out little to avoid suffering a significant loss, you will be able to discover how profitable transactions could potentially be for you.
What Is BitIQ?
One of the many trading bots offering quick returns through automated trades is BitIQ, an arbitrage trading software. Users select parameters and stop-loss limits for BitIQ in accordance with their crypto trading strategy, just like other crypto trading bots. BitIQ operates in any nation where trading in crypto CFDs is permitted and provides a wide range of cryptocurrency contracts. The underlying cryptocurrency tokens are not owned by users who trade CFD contracts. Account holders could still make money from changes in the cryptocurrency market, though.
To utilise BitIQ, users don’t require a lot of experience. Anyone can utilise this cryptocurrency trading robot’s service, it is guaranteed. Do not, however, rely on the BitIQ trading robot for quick gains. The website predicts another surge for the cryptocurrency sector. You run the risk of losing money because no cryptocurrency trading bot can precisely predict market moves. One of the riskiest methods of trading is using trading bots, particularly when using leverage. Make deposits into your account only with money you can afford to lose.
How Does BitIQ Work?
Although cryptocurrencies are progressively replacing traditional forms of payment for trade, how can one start to profit from them? A cryptocurrency bot called BitIQ aids new traders. With just a $250 deposit, you may start using their initial generator to make some simple trades on bitcoin prices. Simply remove what’s left of your money from the account whenever your BitIQ balance rises high enough or if things aren’t going well.
BitIQ is a cryptocurrency trading platform that only requires fees when you request a withdrawal of your funds. Thus, traders who desire earnings won’t be dissatisfied when the fee is subtracted from them.
With an intuitive user interface, this application makes it simple for traders of all experience levels to trade cryptocurrencies. meeting the requirements of everyone and everything.
Key Features of BitIQ Trading System
Several Common CFD Contracts
The CFD contracts offered by BitIQ include those for Bitcoin, Ethereum, and Litecoin. To reduce financial risk, it is highly recommended that you stick with just one asset or diversify your trades.
Machine Learning And Algorithms
BitIQ claims to read the market and execute trades using trading signals. To make sure the platform only functions in their best interests, users can change specific parameters.
Trial Account
To allow customers to experiment without risking their initial investment, all bitcoin trading bots provide a demo service. After adding funds to their accounts, users can access BitIQ’s demo trading account. Before enabling live trading, it is imperative to understand how the bot functions using demo accounts.
BitIQ does lack some trading options for advanced traders, such as price trend analysis.
Trading news
The BitIQ trading algorithm scans the markets in search of the best trading opportunities. Profitability is higher since the bot can react more quickly than people. To give users quick earnings, the algorithm is continually looking for market-moving news.
How to Use BitIQ – Step-by-Step Guide
Step 1: Open an account
To avoid signing up from a fake page or being scammed, ensure that you sign up from the form above.
Step 2: Verify your Account
Fill out a KYC form with a broker advisor from your matched brokers. The minimal deposit will then need to be made before you can register a BitIQ account and start trading.
Step 3: Make a Deposit
Once your identity has been verified, go to the BitIQ website, log in, and try using fake money in the demo mode. When you are ready to begin live trading, go to the standard edition of the crypto trading robot.
Step4: Monitor Trading Bot
Set your stop-loss limits and adjust your parameters to ensure that the bot trades in accordance with your trading strategy and accepted crypto trading practises. When you’re ready to start trading in real time, enable live trading and keep an eye on your profits. To ensure that you maintain a profit, make sure to modify your bitcoin trading techniques.
BitIQ vs other Trading Robots
Minimum Deposit: $250 (compared to other platforms with higher deposit requirements)
Success Rate: 92% (compared to 80% for Bitindex AI, 90% for Bitcoin Prime)
Simple KYC process (compared to other platforms with massive amounts of information required).
Can you make money with BitIQ platform?
According on the information it receives from the markets, the BitIQ trading bot automatically places trades on your behalf. To manage your money effectively, monitoring your actions is usually a smart idea. Have a strategy in mind before you start trading because losses are unavoidable.
Online, there are various claims that BitIQ traders have made thousands of dollars, but it is impossible to independently verify these statements.
To gain a feel for the markets if you are a beginner, we suggest that you start trading with small amounts of money. Prices of cryptocurrencies can swiftly change in either way due to their high volatility. Also remember that 2% of your profits are taken away by the robot.
Tips for new traders
Before interacting with the bitcoin market, research is crucial. Before investing their money to a platform that employs automated trading algorithms, even seasoned traders should exercise caution when navigating the complex and occasionally choppy bitcoin market. Whoever is thinking about automating their trading should consider the following advice from our team of specialists:
- Get trading knowledge before utilising a robot. It is essential for those who are new to trading to comprehend the specifics of what it includes, even when using trading software. This will assist you in becoming familiar with methods for protecting your funds and creating a more successful trading strategy, such as setting limits and stopping losses.
- Learn more about cryptocurrency. Because cryptocurrency markets can be challenging to get acclimated to, it is imperative to understand the fundamentals of what you are trading before signing up for a robot service.
- Start by creating a practise account. Automated trading software users typically have the choice to begin trading with a demo account, allowing you to get familiar with the platform without having to risk any of your hard-earned money.
- Build up your portfolio progressively over time. The best trading strategies concentrate on making stable, long-term gains over a protracted period of time. Start off cautiously with your investments and don’t take on too much risk.
Has BitIQ Been Endorsed by Celebrities?
Dragons Den – Peter Jones, Deborah Meaden
Crypto bots often like to claim that they have been endorsed by celebrities because it makes them seem more reliable and safe. However, we cannot find any evidence to show that Dragons Den has endorsed BitIQ.
Elon Musk
We cannot find any evidence to show that Elon Musk has endorsed BitIQ, despite numerous allegations.
Jeremy Clarkson
We cannot find any evidence to show that Jeremey Clarkson has endorsed BitIQ, despite numerous allegations.
Holly Marie Willoughby
We cannot find any evidence to show that Holly Marie Willoughby has endorsed BitIQ, despite numerous allegations.
Idris Elba
To the best of our knowledge, from our research, it does not look like Idris Elba has endorsed BitIQ.
Ant McPartlin
We cannot find any evidence to show that Ant McPartlin has endorsed BitIQ, despite numerous allegations.
Nicole Kidman
We cannot find any evidence to show that Nicole Kidman has endorsed BitIQ, despite numerous allegations.
Trevor Noah
We cannot find any evidence to show that Trevor Noah has endorsed BitIQ, despite numerous allegations.
Gordon Ramsey
We cannot find any evidence to show that Gordon Ramsey has endorsed BitIQ, despite numerous allegations.
Is It Possible to Withdraw Earnings?
The broker you registered with is the one who holds the funds you deposit, not BitIQ. Follow these steps to leave the platform:
- Log into your account on the brokerage platform’s website.
- Select the desired payment method, then click withdraw funds.
- Enter the desired withdrawal amount, then click the confirm button.
- The money ought to start showing up in your bank account immediately after that is finished.
Be aware that most brokers with BitIQ integration only allow withdrawals in fiat money like the USD. BitIQ does not offer payouts in cryptocurrencies or digital wallets.
What are the fees for BitIQ trading platform?
With the exception of the first $250 investment, BitIQ has no expenses.
Any gains achieved using the service are subject to a commission paid by the Bitcoin trading robot. Automatically, this commission will be deducted. On withdrawal requests, users are not required to make any further payments.
FAQs
The quantity of money you can make varies according to market changes and the amount of capital put in. Keeping in mind how volatile cryptocurrencies are, only invest with funds you can afford to lose.
While BitIQ is free to use, you must deposit $250 into your account in order to begin live trading. On profitable trades, the platform charges a 2% commission.
Yes. You may trust BitIQ with your money because it is associated with various brokerages that have a great reputation. Utilizing the platform’s automatic trading alternatives, however, carries its own risk.
