An Honest BitIQ Review in 2022

BitIQ’s trading robot is just one of the robots for trading that are automated for novice traders who haven’t previously used any cryptocurrency broker exchange, exchange, or any other crypto trading robots prior to. BitIQ claims to utilize artificial intelligence as well as machine learning and algorithms to make bets on the cryptocurrency market, and make trades on behalf of you. Customers can purchase as well as trade Bitcoin CFDs and Ripple CFDs. Ethereum CFDs CFDs for Litecoin as well as other assets that are popular. This BitIQ review we’ll discuss the advantages and drawbacks of this platform before deciding if the Bitcoin software for trading is a fraud or legitimate

Introduction

BitIQ is a software for trading which offers its users profits via automated trades. BitIQ operates like other bots in trading. Users can set stop-loss and parameters in accordance with their trading strategies. BitIQ provides a variety of crypto contracts and is available in all countries in which cryptocurrency CFD trading is permitted. Since traders trade CFD contracts, they don’t own the cryptocurrency tokens that are used to make them. But, the account holders can benefit from fluctuations in the cryptocurrency market.

Customers do not require a lot of knowledge to utilize BitIQ. The robot for trading ensures that everyone is able to use its trading tools. But, don’t be a believer in the BitIQ robot to generate quick gains. The website claims that the cryptocurrency market is poised for another period of growth. The fact is that no trading bot can forecast the market’s movements with accuracy and it is possible to make a loss. Bots for trading are among the most risky methods to make trades, particularly when trading using leverage. You should only deposit funds to your account that you can manage to risk losing.

What is BitIQ?

BitIQ can be described as an automatic trading program for arbitrage and is one of the trading bots that promise easy profit through automated trades. BitIQ operates like other bots for trading – users define stop-loss limit and parameters in accordance with their strategies for trading in crypto. BitIQ provides a variety of cryptocurrency contracts and works in every country that has a place where the crypto CFD trading is permitted. Since customers trade CFD contracts however, they are not a part of the cryptocurrency tokens used in the trading. However, they can benefit from fluctuations in the crypto market.

Customers do not require a lot of knowledge to utilize BitIQ. The crypto trading robot is a guarantee that anyone can benefit from its trading tools. However, you shouldn’t believe that the BitIQ robot to generate quick gains. According to the website, the cryptocurrency market is poised for another explosive growth. There is no crypto trading robot that can forecast market fluctuations accurately and it is possible to make a loss. Bots for trading are among the most risky ways to make trades, particularly when dealing with leverage. Make sure you only deposit money into an account in a way that you can afford to lose.

BitIQ Overview

Robot Type: Bitcoin Robot
Official BitIQ website?
Minimum Deposit: $250
Is It a Scam or Legit? Legit
Claimed Win Rate: 90%
Trading Fees: 2.2% commission for profitable accounts only
Account Fees: None
Deposit/Withdrawal Fees: Up up to 10 free withdrawals each calendar month
Software costs: Free
Withdrawal Timeframe: All hours of the day
# Number of Cryptocurrencies Supported: 14
Supported Cryptocurrencies: BTC, ETH, LTC, XRP, BCH, IOTA plus more
Supported Fiat Currencies: USD, EUR, GBP
Leverage: 3000:1
Native Mobile BitIQ App: No
Free Demo Account: Yes
Customer Support: Email
Verification is required: Yes
Automated Trading: Yes

 

Who is The BitIQ Owner?

Locating specific information about the people who own BitIQ was not an easy task as there are numerous other websites that have contradictory information. But, according to the information we found on their official web site BitIQ is part of an international trading software company that has a wealth of experience in the business of trading. BitIQ creates signals based on massive data sources, including the latest news as well as historical charts of price. BitIQ offers everything to aid users in making profitable trades.

Getting Started With BitIQ

It takes only a few minutes to set up using BitIQ. It’s a matter of minutes to get started with. This is a quick overview of how you can create an account and start working with the platform.

  1. Register for a Trading Account

Please fill out the form located on the upper right hand side of this page and click’sign up Now to send your information.

This process takes less than a couple of minutes to be completed.

  1. Deposit Funds

BitIQ has the minimum deposit requirement of $250. Follow the instructions on the screen to make a deposit via your preferred payment method.

  1. Trade

After all the steps are completed and the robot is ready to execute trades for you automatically. All you have to do is choose the currency you wish to trade, and then click confirm.

BitIQ Markets, Assets, And Options

What products and assets Are You able to Trade With BitIQ Trade robot?

Account holders on the BitIQ trading platform are able to trade cryptocurrency contracts in exchange for the most well-known cryptocurrencies. However, BitIQ users don’t own or have access to on the actual asset. These assets include:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ripple (XRP)
  • Ethereum (ETH)
  • Litecoin (LTE)

The bot for trading is suitable for traders with all levels of experience due to its beginner-friendly features which make trading effortless and easy to utilize.

What Leverage Trading Options are There?

BitIQ has no leverage data on its site. Most trading platforms offer leveraged trading instruments that provide huge margins that can maximize profit.

The concept of leveraged trading (or margin trading) is the borrowing of funds from a broker that is regulated to execute massive trades on assets and repaying the loan later. Automated, regulated or unregulated trading platforms allow margin trading. Unregulated bots generally provide better margin trading options which are not recommended particularly if you’re novice to trading.

We advise against leveraged trading if not know what you’re doing. Additionally, you should only conduct leveraged trades with licensed brokers. They may not offer the same amount of profit as brokers that are not regulated however you’ll not fall into massive debt. Also, keep in mind that even if a trading robot promises quick profits but there’s no guarantee that you’ll earn any money.

What are the Spreads?

According to the results of our BitIQ analysis, we noticed that there is no information about spreads on its website. Brokers that are regulated by the Paired Association will have their own spreads that will vary as the value of Bitcoin fluctuates. Contact your broker prior to completing your KYC survey if you’d like to learn more about.

Furthermore, BitIQ does not offer any other market other than crypto, therefore trading for stock market and forex trading isn’t possible with BitIQ.

Fees, Limits, and Payment Options on BitIQ

How Much Does BitIQ Robot cost?

It is BitIQ trading robot is available for free to use however the minimum investment required to begin the trading process is $225. The platform is charged a 2.2% commission on trades that are profitable.

The platform also offers the possibility of a demo account to those who wish to try the waters and observe how the system does. In order to reap gains, you’ll have to make a deposit into the account.

Minimum Deposit: $250
Trading Fees: 2% of the profits made
Account Fees: Zero
Deposit/Withdrawal Fees: Up to 10 withdrawals for free per calendar month
Cost of software: zero
Cost of subscription: Zero

What Are the Payment Methods Accepted by BitIQ?

BitIQ accepts various payment methods. The options are:

  • Credit card
  • Debit card
  • Transfers from bank accounts

BitIQ might offer additional ways to deposit money and withdraw funds however the details are not accessible. Additionally, BitIQ users are not able to make use of e-wallets like Paypal and Venmo.

The withdrawals from bank accounts will be sent to the account used for depositing funds. Account holders may be charged additional fees from their credit card company. Deposits and bank transfers made online can take a long time to reach your broker’s account.

Does BitIQ Also Charge Fees And Commissions?

BitIQ doesn’t charge any fees , except for an initial deposit of $250.

It is the Bitcoin trading robot earns the commission on any profit generated by the service. The commission will be paid in a timely manner. Customers are not required pay anything additional when they request a withdrawal.

BitIQ Trade Sizes And Limits

BitIQ offers a minimum transaction of $250. There is there is no maximum limit on trades.

Join BitIQ and register with them.

BitIQ Trading Platform

How Does BitIQ Work?

BitIQ operates by using the use of trading signal and algorithm to make bets in the crypto market. BitIQ claims to incorporate AI in addition to machine learning to make trades in accordance with your parameters and stop-loss limitations. However, users are able to be confident that BitIQ to execute trades based on its indicators. BitIQ system will take your deposit and transfers it to a broker’s wallet (no money is kept by BitIQ) The bot trades with the broker. These brokers are licensed and may or be not licensed. The customers can use the demo trading option before making a deposit in order to be sure they are aware of BitIQ’s features.

What Devices Can I Use BitIQ On?

Account holders can use BitIQ from any device that has an internet browser. BitIQ works with the majority of popular browsers. However, there isn’t a dedicated desktop or mobile application. The BitIQ system is only compatible with web browsers.

You can use BitIQ on any of the following devices:

  • Computer
  • Laptop
  • Smartphones (iOS and Android)
  • Tablets

What Exchanges and Brokers Does BitIQ Partner With?

BitIQ is not able to provide any information about brokers prior to the time you have created an account. The trading platform is in partnership with brokers from any region that CFD trading is permitted. However, we are unable to confirm whether these brokers are regulated. If you are assigned a broker, inquire directly with them about their regulations policy. Avoid trading with unregulated brokers.

Can I Use BitIQ App in My Country?

Remember this: BitIQ is only accessible in countries where cryptocurrency are legal. Find out below if your country is within the database.

Country Is BitIQ available?
United Kingdom No
Canada Yes
Australia Yes
USA No
South Africa Yes
New Zealand Yes
Philippines Yes
United Arab Emirates Yes
Singapore Yes
France Yes
Spain Yes
Italy Yes
Germany Yes
Nigeria Yes
Mexico Yes

Is BitIQ App Available in My Language?

BitIQ is accessible in several languages. Select the language you prefer from the menu located on near the bottom of the page.

  • English
  • Danish
  • Portuguese
  • Spanish

Get started now by registering with BitIQ.

How Easy is it to Use BitIQ App?

BitIQ’s concept is easy and is accessible to users who have no prior experience in the market for cryptocurrency. The majority of tools are automated and the trading platform employs artificial intelligence to perform trades with no input. Account holders are also able to determine the parameters for trading and limit their trading in line with their objectives and plan of action.

But, BitIQ has a demonstration mode where users can test the software and the system without risking money. So users are not required to invest any money until they’re familiar with BitIQ’s capabilities. BitIQ also provides historical price charts that keep users updated on the prices of popular cryptocurrency.

Although BitIQ has a smooth trade process for cryptos and is easy to use, users are not guaranteed to make a earn a profit. Bots for trading in crypto are designed to attract customers, but they rarely perform. While incorporating your own preferences can limit the amount you’ll lose using Bitcoin trade bots do not believe that they can make profits in the cryptocurrency market. The most knowledgeable traders are experts in the art of trading and are well-aware of the way markets work.

What kind of profit can you earn with BitIQ?

The BitIQ trading bot executes trades on your behalf based on the information it gets from the market. It is a best practice to observe the actions to ensure you are managing your funds. Be aware that trading losses are inevitable , so you need the plan of attack in place before you begin.

There are reports on the internet that traders have earned hundreds of dollars using BitIQ However they cannot be independently confirmed.

If you’re just beginning and are not sure where to start, we suggest you begin trading in smaller amounts in order to gain a sense of the market. They are extremely unstable and prices can change from one direction to the other very quickly. Be aware that the machine takes 2% of the profits you earn and you have to declare your profits to the local tax authorities.

Key Features of BitIQ Robot

BitIQ’s top features can help you create your own trading strategies. These include demo accounts and a variety of crypto assets, as well as algorithms to automate trading.

Numerous Popular CFD Contracts

BitIQ offers many CFD contracts which include Bitcoin, Ethereum, and Litecoin contracts. Choose one asset to invest in or diversify your portfolio to reduce the risk of financial loss.

Artificial Intelligence And Algorithms

BitIQ claims to employ algorithms and signals from trading to analyze the market and then place trades. Customers can alter their own parameters to ensure that the trading platform is acting in their best interests.

Demo Account

All trading bots provide an opportunity to try out a demo so that customers can test their skills without risking their funds. Customers can access BitIQ’s demo account following the addition of funds to their account. Demo accounts are necessary to understand how the bot operates before allowing live trading.

But, BitIQ isn’t able to provide certain trading tools for more experienced traders like price trend analysis. You can get an account manager but they’re not as effective as the traditional personal account manager that you receive when you sign up with a crypto broker.

News Trading

The trading algorithm of BitIQ analyzes markets to find the most profitable trading opportunities. Because the bot is able to react quicker than humans, there’s an increased chance of profit. The algorithm is always looking for market-changing news that can provide users with rapid earnings.

Trading with BitIQ Secure And Regulation

Is BitIQ Legit?

BitIQ has been approved in a majority of the countries that allow trading. According to their website it has users from all kinds of countries who have signed up to create an account. Keep in mind that each country has its own rules therefore, make sure you verify with the relevant authorities prior to deciding to sign up.

Do I and my money protected by BitIQ’s the trading platform?

BitIQ doesn’t hold your funds. Deposits are made direct to the company that offers an account. You can contact the brokerage directly and learn more information about the security of your money. Be sure to use the most secure passwords to minimize the risk of being hacker-proof.

Is BitIQ Regulated?

BitIQ isn’t regulated within the United States (CFD trading is prohibited in the United States). We couldn’t find any additional details about the status of BitIQ’s regulation in any other jurisdiction.

Do I have the ability to verify my account With BitIQ Application?

Yes, they must confirm their email address and go through their broker’s KYC procedure before they are able to fund their accounts and begin live trading in cryptocurrency.

What is the process behind how BitIQ function? BitIQ’s trading strategies and algorithms and strategies for trading.

BitIQ is a trading bot that BitIQ trading bot takes advantage of market volatility and employs advanced strategies to create profitable trades.

Let’s examine below the way each strategy can be used to improve your trading.

Automated Trading Tools

BitIQ makes use of sophisticated technology to automatize trades for cryptocurrency traders. This reduces the need for input and boosts your profit. But, make sure you verify whether you can access your desired asset prior to making a decision to sign up for an account for trading.

Arbitrage Trading

Arbitrage trading involves purchasing and selling an asset on different markets in order to make an income. BitIQ can do this automatically by managing multiple trades at the at the same time.

News Trading

BitIQ continuously monitors markets to detect news that could change the market. Since the bot can respond quicker than humans, it creates an opportunity to earn a quick profits.

Price Trend Analysis

BitIQ claims to employ a variety of trading strategies, which include price analysis as well as other basic concepts. When combined together with their AI technology, BitIQ believes it gives them an edge over competitors and manual trading.

While BitIQ advertises a lot about itself on their website it’s extremely difficult to determine the accuracy of the information. Crypto robots generally don’t use one of the strategies and don’t employ AI to assist you in making trades. Based on our past review, we think these assertions are exaggerated and must be considered with a pinch of salt.

Extra Information About BitIQ app

Educational Resources & Investment Advice

BitIQ offers a wealth of information on the reasons to trade (though we question the credibility the claims of BitIQ) however, there are no other educational resources , like trading strategies. If you’re interested to learn how cryptocurrency works, there’s a lot of educational websites and blogs that provide updates, trading strategies, and tips to build your own strategies for trading and gain knowledge. In addition, you can test BitIQ’s accounts to gain knowledge of the trading bot’s capabilities and methods.

Tools And Charting

BitIQ claims to employ algorithms as well as other tools to trade in accordance with your trading strategy and the crypto trading process. Users can however explore charts to stay up to date of the cryptocurrency market and gain a better understanding of the different assets that are traded through BitIQ.

This entry was posted in Bitcoin. Bookmark the permalink.