BitQS Review: Is it Legit or a Scam?

To sum up this BitQS review, we can safely say that this platform is a legit trading space that is safe to use for trading cryptocurrencies. This is based on a range of factors, from the reputable brokers, it works with to the extraordinary security measures taken by the platform to protect its users.

It’s safe to say that there are a lot of scams out there when it comes to trading cryptocurrencies. We make it one of our missions to make the risks clear and guide our readers to the safest areas of the crypto trading world.

In the last few months, one platform has been grabbing the attention of many crypto traders worldwide. It’s called BitQS.

By partnering with a wide range of world-class brokers, the BitQS platform claims to provide a trading account with a wide range of tools that cryptocurrency investors can use to overhaul their trading style for the better.

Many users have attested to the immensely positive change that platforms like BitQS have brought to their lives. But sometimes, it pays to be skeptical.

So in this BitQS review, we will draw upon a range of factors to provide you, the reader, with a deep but easy-to-follow insight into one of the most widely talked about trading platforms.

By the end, you will know for sure whether this is one of the trading platforms worth signing up for or avoiding at all costs!

What is it, and how does the trading process work?

The BitQS provides users with a wide range of trading benefits by partnering with some of the most trusted crypto brokers on the cryptocurrency market.

It prides itself on its ability to be a beginner-friendly platform that provides beginner and experienced investors with a flawless trading process on the crypto market. In particular, it aims to give potentially profitable trade signals that allow users to get the upper hand in trading on the crypto market.

Due to various positive features that range from ease of use and low initial deposit to the ability to provide increased profits potentially, BitQS has developed an enormous userbase recently.

But have the countless people who use the platform every day made the right decision? Is BitQS legit or a scam? Let’s delve deeper to find out more!

How much does it cost?

Although similar crypto trading services come with a high price tag, the BitQS software is a breath of fresh air as it’s completely free!

The only upfront cost involved is your initial deposit. This is very low at only $250 and is required to start trading.

Once this deposit is made, users have access to all of the trading tools offered by the brokers that BitQS will connect you with.

There are also many payment options available to make your initial deposit. Let’s take a look at them next.

What payment methods can I use for the initial deposit?

The range of payment methods offered by BitQS is as varied as the trading tools provided by the trading tool. Whether a bank account transfer or otherwise, whatever conventional payment method you usually use, the chances are high that BitQS accepts it.

Is it easy to use?

Whether you’re a new investor who has only just discovered the profit potential of cryptocurrency or a veteran trader looking to enhance their investing journey, BitQS is exceptionally straightforward to use.

The platform seems to pride itself on its ease of usage, and for a good reason. Everything is pretty flawless from the signup to its explanation of trading tools, and the learning curve is slight.

What is the account registration process like?

With most trading platforms, the initial account registration process can often be long and nightmarish. So we were keen to find out how the crypto trading platform of BitQS performed on this front.

We managed to complete the registration process in a matter of minutes and were pleasantly surprised as a result. To sum up how it went, we can break it down into four steps:

Registration – The first step is to complete the free registration for BitQS. This merely involves a signup form and a short verification process. All of which is legally required for you to use the services of the brokers that the crypto trading platform of BitQS works with.
Initial deposit – You naturally need some cash to start buying, trading, and investing in crypto. The minimum deposit for the BitQS platform is $250, but it can be as much as you like. Of course, the higher the amount you trade with can potentially result in higher profits.
Practice with a demo account – After you’ve signed up and invested capital with your deposit, you can nail down your ideal trading strategies on the cryptocurrency market with an innovative demo account. This way, you can work out how BitQS works without risking any of your initial deposits on the live crypto market.
Start a live trading session with your new BitQS trading account – After you’ve found your feet with a demo account, it’s time to start trading on the crypto market for real! Now, the world is your oyster. You determine how far your crypto trading journey will take you. You’ll also have a free personal account manager to guide you in trading cryptocurrencies in your first live trading session on the Bitcoin market.

We recommend following the signup steps in that order. In particular, don’t overstep the demo account stage, as this is a great way to get to grips on the platform in a risk-free way.

Have any celebrities used crypto trading platforms like BitQS?

Due to the incredible range of trading tools BitQS offers, there has been a tidal wave of media sensation surrounding such crypto trading platforms.

But with this spotlight comes misinformation. Some crypto media outlets have mistakenly announced that major celebrities have used the BitQS software.

Many fake stories about the platform, from associations with Martin Lewis to being featured on This Morning in the UK, have been spread. Let’s talk about the truth!

The BitQS platform has been featured in a very positive light on Trustpilot and the Forex Peace Army. In addition, it has a robust community discussion on Reddit.

Is it a dangerous trading platform?

It’s no secret that a minority of dangerous platforms aim to trick novice crypto investors. But it’s safe to say that BitQS isn’t one of them.

There is little risk involved. Of course, the possibility of losing money through poor trading practices is not impossible. But practicing with a trading account can help to alleviate this risk.

Some people are cautious about providing information to BitQS because they provide their service through a series of third-party brokers.

However, the platform only works with reputable brokers with a proven safety record. In addition, BitQS guarantees that any data submitted by users is encrypted.

But overall, with the range of security features implemented by BitQS and a dedicated account manager on hand, it is a very safe platform to use.

Can I Trade Ethereum with this trading system?

With the name BitQS, many new users are confused about whether the platform focuses solely on trading Bitcoin. However, they’re often pleasantly surprised.

Thanks to the wide range of regulated brokers that BitQS works with, it can offer a wide range of over 18 different cryptocurrencies allowing users to diversify their crypto portfolio indeed. Of course, simply trading Bitcoin is an option too.

How do I withdraw my profits after a live trading session?

Once you have, hopefully, made some significant profits on a crypto trading platform like BitQS, it’s only natural that you’ll want to withdraw them to your bank account.

We place a big emphasis on how fast an app can grant users access to their cash, so we put BitQS to the test.

In our experience of the crypto trading platform, we found that withdrawing the funds was very easy and usually took up to 24 hours to be processed.

All users have to do is visit the funding section on their dashboard and submit a withdrawal form. The BitQS App, through its partner brokers, allows up to 10 free withdrawals per month, which is more than enough for the average trader.

BitIQ Review: Is It Legit or a Scam?

BitIQ markets itself as an automated cryptocurrency trading platform, utilizing AI-driven algorithms to execute trades on behalf of users. While some sources highlight its user-friendly interface and potential benefits, a deeper investigation reveals several concerns regarding its legitimacy and safety.

Regulatory Status and Warnings

Lack of Regulation: BitIQ is not regulated by any recognized financial authority. According to BrokerChooser, BitIQ lacks oversight from top-tier regulators, raising questions about its credibility and the safety of user funds.
Official Warnings: The Financial Services and Markets Authority (FSMA) of Belgium has issued warnings about fraudulent trading platforms, including BitIQ. The FSMA notes that such platforms often use aggressive marketing tactics and may pose significant risks to investors.
User Experiences and Reviews

Aggressive Marketing: Multiple users have reported receiving persistent and unsolicited calls after registering on BitIQ, urging them to deposit funds quickly. Such tactics are commonly associated with high-risk platforms.
Negative Feedback: On platforms like Trustpilot, BitIQ has received numerous negative reviews, with users labeling it a “scam” and expressing dissatisfaction with its services. FinanceScam.com
Celebrity Endorsements: There have been instances where BitIQ allegedly used fake celebrity endorsements to promote its platform. For example, Richard Branson publicly denounced the unauthorized use of his name in association with BitIQ.

Claimed Features

Despite the concerns, BitIQ advertises several features:

Automated Trading: Utilizes AI algorithms to execute trades automatically.
User-Friendly Interface: Designed to be accessible for both beginners and experienced traders.
No Fees: Claims to offer its services without any hidden charges.
Demo Account: Provides a demo mode for users to familiarize themselves with the platform before investing real money.

However, it’s essential to note that these features are self-reported by BitIQ, and independent verification is limited.

Verdict

While BitIQ presents itself as an innovative solution for automated cryptocurrency trading, several red flags cannot be ignored:

Lack of regulatory oversight
Official warnings from financial authorities
Negative user reviews and reports of aggressive marketing
Alleged use of fake endorsements

Given these concerns, potential users should exercise extreme caution. It’s advisable to conduct thorough research and consider alternative platforms that are transparent, well-regulated, and have a proven track record.

But of course, successfully trading with BitQS is possible, but only for those that choose to pay close attention to the instructions provided by the platform and effectively use a demo trading account. If you don’t, it could lead to losses.