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BitQT BQ Review: Scam or Legit Robot? The Results Revealed!

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Author: Patrick Webber

BitQT BQ is a computer program that trades bitcoin CFDs automatically. The program claims to rely on advanced AI technologies to conduct trading research execution with a supposed win rate of up to 99%. BitQT BQ seems popular with passive online investors, given that it is easy to use for all and doesn’t require a lot of time to operate.

It is also said to require only a small minimum capital deposit ($250) and reportedly generates up to $1k in daily profits from such a small account. But is BitQT BQ legit and if so, does it earn its users the said profits?

As usual, we have conducted a thorough investigation to determine if this bot is legit. We will present our findings in this review and offer tips to help you get started with it.

  • Robot
  • Rating
  • Properties
  • Trade
1
 
The best choice
  • 88% Win Rate - Not a Scam
  • $250 Min Deposit
  • Accepts Credit Card and Sofort

On this Page:

    BitQT BQ App review

    Our criteria for determining the legitimacy of BitQT BQ took into account multiple factors, including transparency, reputation, safety, ease of use, and customer service. The findings are summarized below.

    • BitQT BQ creates a transparent trading ecosystem through the coveted blockchain technology. This technology makes it possible for users to monitor their accounts in real-time and raises disputes through smart contracts.
    • The robot has an excellent reputation with a rating of 4.6/5 on ForexPeaceArmy after nearly 6k reviews.
    • We can confirm that at least 95% of BitQT BQ reviewers report a positive experience with this robot.
    • BitQT BQ also scores exceptionally well in customer service. Users are happy with how fast customer care responds and how knowledgeable they are.
    • We have also conducted background checks on Bitcoin BitQT partner brokers, and they seem well regulated and reputable.
    • BitQT BQ ensures users data privacy by applying 128-bit key encryption on all its platforms. It also seems to comply with data privacy measures among them the EU General Data Protection Regulation (GDPR).

    As mentioned above, BitQT BQ is a robot for all. Read our Bitcoin Robot review for the basics of auto trading.

    What is BitQT App?

    BitQT BQ describes itself as a highly specialized and powerful computer algorithm that automatically conducts the trading functions of an expert BTC CFDs trader.

    For the record, a BTC CFD enables traders to speculate on BTC volatility without having to own bitcoin. This means that you can speculate on bitcoin without owning a crypto wallet and going through the tedious buying process.

    There are robots out there that trade CFDs on traditional assets such as stock, commodities, and forex. BitQT app only trades a handful of assets. With this robot, you get to trade popular pairs such as BTC/EUR, BTC/USD, BTC/GBP, and BTC/ETH. In total, BitQT BQ provides over 60 BTC CFDs pairs.

    The robot claims it can conduct both technical and fundamental analysis with a high supposed win rate. In trading research, technical analysis involves identifying tradable patterns from trading charts. BitQT app can analyze over a thousand charts within a minute. The world best human trader takes at least 5 minutes to analyze a single chart.

    Regarding fundamental analysis, BitQT BQ is equipped with Deep Learning (DL) algorithms that can read and generate insights from the news with an alleged 95% accuracy. These algorithms claim to do so at a speed that is 0.001% ahead of the markets. BitQT app allegedly beats the markets 99% of the times. Read our Bitcoin Lifestyle review for another robot with equal performance rate.

    How does BitQT App work?

    BitQT BQ app conducts trading the same way a professional human trader does. The robot performs research and relays signals to an underlying broker for implementation.

    This means that BitQT BQ operates in partnership with several brokers. Apart from executing the signals relayed by the bot, the brokers also handle transactions. When you deposit with Bitcoin BitQT, the funds and subsequent transactions are handled by the partner broker.

    In most countries, brokers must register as financial institutions and adhere to strict deposit protection guidelines. BitQT BQ partner brokers seem to be adequately regulated. They all claim to segregate deposits and undergo regular external audits. BitQT app also relies on these brokers to offer leverage.

    Leverage is a form of loan provided by the broker to a trader to enable them to take larger market positions. The higher the leverage, the more bets a trader can place and the more they can supposedly earn. BitQT BQ partner brokers provide leverage of 5000:1, meaning that users can place trades worth up to $5000 for every $1 of deposited capital.

    Getting started with BitQT BQ

    It is easy to trade with BitQT app if you follow the provided instructions. The robot has a trading education section that offers video tutorials and guides to help you get started. These tutorials and guides are available in layman’s language and are therefore easy to understand for all.

    BitQT BQ also offers a demo account to help users practice before going live. Please note that the educational materials and the demo are only available to those who register and deposit. The steps below should kick-start your trading journey with BitQT app.

    STEP ONE: Register a free account

    Visit BitQT BQ and register a trading account. Please note that this robot is free and accessible to all, including complete beginners.

    Confirm your registration details and accept BitQT app terms and conditions before proceeding. You will also need to click the mailing list checkbox to receive updates from this robot. Failure to agree to join their mailing list means that you will miss critical updates.

    Bitcoin BitQT handles all user data in strict privacy. The robot also adheres to data privacy regulatory measures such as the GDPR.

    STEP TWO: Verify ID with the underlying broker

    ID verification has nowadays become mandatory for all financial institutions. Bitcoin BitQT will redirect you to a local partner broker’s page to verify identity.

    Identity verification involves uploading a clear scanned copy of your driving license or national ID. You also need to confirm your current address by submitting a copy of a recent utility bill or bank statement with the address displayed on top.

    Identity verification and proof of address are part of KYC measures implemented by financial institutions globally in a bid to weed out money laundering.

    STEP THREE: Deposit at least 250 USD as trading capital

    You need to fund your account with no less than $250 to access the BitQT BQ web-trader. Please note that the money is what you will use to take positions in the market and not the cost of the robot.

    As mentioned above, BitQT BQ is free for all users. However, the robot does charge a small monthly maintenance fee of $5. The underlying brokers may also charge a markup on the spreads generated when trading through the robot.

    When compared to BitQT BQ supposed potential, the charges are nothing. Bitcoin BitQT brokers accept account funding through debit/credit cards, wire transfer, e-wallets, and bitcoin.

    STEP FOUR: Trade with a demo account

    The BitQT BQ demo account has everything you will find in the live trading account. Moreover, it back-tests on historical data and therefore simulates a real market experience.

    The results you get through BitQT BQ web-trader are reflective of what to expect in live trading. Consequently, you should take your time and try out different risk settings when trading with it.

    As mentioned above, BitQT  BQ trading guides are offered in layman’s language to help beginner traders follow easily.

    STEP FIVE: Live trading

    Live trading with BitQT BQ shouldn’t be a challenge if you have practised on the demo. This robot is 99.99% auto and hence only requires very little manual input.

    You do not have to disrupt your daily schedule to operate this robot. Bitcoin BitQT is said to perform better when left to run uninterrupted for at least 8 hours daily. Users claims that you only need 20 minutes daily to define the trading settings.

    The settings to adjust include the Stop Loss and Take Profit features. These tools help you define the level of risk per trade. Never risk more than 10% of your invested capital in a single trade. Read our Bitcoin Trader review for another top-rated robot.

    Is BitQT BQ legit? The verdict!

    BitQT App meets our criteria for trustworthy robots. This robot seems well-revered by users given the many positive reviews.

    Moreover, it seems to operate in high transparency, given it has made necessary disclosures such as the identity of its partner brokers. We have confirmed that these brokers are regulated.

    BitQT BQ claims to have the power to turn a small deposit of 250 USD to over 1000 USD in a few hours of trading. However, please note that in trading, profits cannot be guaranteed. Therefore, there is a risk of loss if you trade on this bot. You can get started with this robot through the link below.

    • Robot
    • Rating
    • Properties
    • Trade
    1
     
    The best choice
    • 88% Win Rate - Not a Scam
    • $250 Min Deposit
    • Accepts Credit Card and Sofort

    FAQs

    What is BitQT BQ App?

    Bitcoin BitQT is a highly specialized and powerful computer algorithm that automatically conducts the trading functions of an expert BTC CFDs trader.

    Is BitQT App a Ponzi scheme?

    No! BitQT BQ seems to rely on real trading strategies and technologies. It is therefore not a Ponzi scheme.

    How much should I invest with BitQT BQ?

    You need at least 250 USD to trade with BitQT BQ. This amount is more than enough for a beginner trader.

    How do I withdraw the supposed profits from BitQT BQ app?

    Visit the funds' management page and fill the withdrawal request form. Wait for up to 2 hours as your funds are processed.

    Remember, all trading carries risk. Past performance is no guarantee of future results.
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    A cryptocurrency and trading writer and editor, I specialise in algorithmic trading. I’ve written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. My goal is to write honest reviews about automated trading tools in order to help users understand which software are trustworthy and which ones they should stay away from. I am constantly analysing and scrutinising the up and coming trading apps so if you are seeking advice or if you would like me to write a robot review in particular don't hesitate to get in touch – I’m happy to help!