Last Updated on January 5, 2022 by Stephan Lindburg
Welcome to our Bitcoin Equaliser review. The Bitcoin Equaliser scam is supposed to be a highly sophisticated trading app which uses artificial intelligence and trading automation protocols in order to execute trades seamlessly and without any form of human intervention. However, this is far from the truth as our investigation will prove. In reality an affiliate network specializing in fake reviews and press release syndication is making a concerted effort to mislead viewers by tricking them into registering with offshore CFD (contract for difference) brokers and spreading lies about the Bitcoin Equaliser platform. When we registered to conduct our £250 deposit test, the broker which was assigned to us was named “Bit Trades”, and they have a registered business address in Belize. Belize has gained a well-deserved reputation for being a shady legal jurisdiction and word has it that treasury officials turn a blind eye and allow thieving Forex and CFD brokers launder their money through that banking system.
Blacklisted get-rich-quick scheme! The Bitcoin Equaliser is merely a facade designed to veil the true intentions of the scammers who will resort to every trick in the book in order to entice unsuspecting victims that are simply looking to invest with a genuine or legitimate trading app. This also explains the deluge of complaints our staff received in regards to Bitcoin Equaliser which mostly have to do with inability to withdraw existing funds. So, if you are giving serious consideration to investing through this fraudulent trading platform, we highly recommend you start reading our detailed Bitcoin Equaliser review. We are sure you will reconsider after reading the facts and seeing with your own eyes how we were able to expose the liars who are orchestrating this sham.
Official Website, Login Page, and Members Area: There are multiple URLS claiming to be the official Bitcoin Equaliser website
Here we can see the Bitcoin Equaliser main registration area. If it looks familiar to you then it’s with good reason. The man you see at the center of the sales video is named Jake Tapper, and he is the chief political correspondent for CNN.
And here we can see the same person talking about “no banks no fees”. It appears Tapper is very popular with Bitcoin scammers for some reason since they keep using him to promote their filthy schemes. Below we can see him starring in 6 different cloned websites where he is spewing the same lies, only there he is being used to promote the Bitcoin Evolution and Bitcoin Era scams.
Bitcoin Equaliser Fake Testimonials
Of course none of the finely-worded testimonials we see inside the Bitcoin Equaliser sales page are real. They are all recycled and used in a “production line” format. We find it reprehensible that certain review websites would have you believe this rubbish so they could collect their affiliate commissions.
Fake Bitcoin Equaliser Reviews
We are sick of paid promotional content and syndicated news services like Intrado or Associated Press. We are also disgusted with how TrustPilot is being brutally abused by spammers who are putting up fake reviews by alias entities who don’t even exist. Reddit and other forums are no better, and we didn’t even count the fake review websites that have a very polished look but are literally selling trash in the form of fraudulent software. One network that specializes in search engine marketing is particularly guilty here, and they are just starting to gain the kind of reputation they truly deserve. We are sure that at some point the authorities will catch them in the act, but until then we are advising our viewers to remain vigilant and refrain from investing through websites that 100% of their reviews are positive. That’s pathetic because most systems just don’t work, and if you buy into these lies you will ultimately end up paying the price for it.
Bitcoin Equaliser Fake Celebrity Endorsements
We already started seeing some fake news ads with celebrities like Holly Willoughby and Akshay Phillips (Ruparelia). This is just the beginning of this trend and we will surely see a new flurry of fake ads which use personalities like Gordon Ramsay or Martin Lewis to peddle this filthy app.
We know that celebrity endorsements seem to be very credible and persuasive, but don’t believe it and don’t click the links inside the articles because it will lead you to the actual Bitcoin Equaliser website.
What is Bitcoin Equaliser And How Does It Work?
The Bitcoin Equaliser scam is supposed to be an algorithm-powered robotic trading app and signals software. In reality it’s just a fancy sales page which is designed to bait potential victims looking to take advantage of a genuine auto-trading platform in order to generate some steady income.
Bitcoin Equaliser Is Not Compatible With Cryptocurrency Exchanges
We identified some fake review websites which would have you believe that Bitcoin Equaliser is compatible with some of the major cryptocurrency exchanges such as Binance or Kraken. That is not true, and we did have some people ask us about it. This is being done in order to make the app appear to be more legitimate, but that simply won’t work anymore.
Bitcoin Equaliser Review, It Will Not Transform Your Financial Future (Unfortunately)
Some websites will have you believe that the Bitcoin Equaliser scam uses distributed ledger technology (DLT) and artificial intelligence in order to assist its members execute profitable trades. This is a malicious lie, but it doesn’t stop there. There is also mention of an automated trading system (crypto robot) which buys and sells crypto CFD contracts on auto-pilot. Sadly, there is no software at all! When testing the Bitcoin Equaliser we were not able to find any kind of trading dashboard which usually offers signals or indicators. Instead we were just referred to a scamming offshore broker which told us we need to invest another £5,000 if we wanted to see some “real money”. Initially we felt bemused and frustrated, but that feeling was immediately replaced with anger when we started understanding that someone was deliberately trying to scam us. That feeling was exacerbated when we our researchers identified 3 different versions of the Bitcoin Equaliser scam.
No Back-Testing or ISO Certification Available: As much as we searched we were not able to find any type of back-testing which was performed. There is no comparative data which lets you check or evaluate performance, and there is no auditing of any kind which is usually performed by an external accounting agency. ISO is basically a statutory requirement designed to set operating standards and privacy settings for customers.
Amateur Traders Targeted: The scammers behind the Bitcoin Equaliser scam are not targeting seasoned or experienced Forex traders. This is because they know anyone who has a bit of knowledge about online trading or the financial markets will never join this type of service. We can also see this very clearly in the very aggressive advertising campaigns which are extremely active these days and are highly misleading to anyone who is untrained or lacks a basic understanding of cryptocurrency trading.
Bitcoin Equaliser Demo Versus Live Trading
There is no demo account, only live. We were told that other versions of the website did have demo, and that is a strong signal that there are different affiliate networks riding this offer. Regardless of which version you choose you are doomed and destined to lose your money only to be called up by aggressive sales representatives masquerading as legitimate brokers.
Special Settings, Strategies, and Indicators
When evaluating a software on live mode we always search for the signals first since that is the actual trading tool. After that we look for the types of strategies which may or may not be used. And of course we check for indicators such as Trend, MACD, or Bollinger Bands. We were not able to find anything which even closely meets our most basic requirements.
We tried emailing the Bitcoin Equaliser support staff in order to try and get some answers. The email bounced immediately and there is no other way to leave a message. This is also a huge red flag for anyone considering this software.
Bitcoin Equaliser Withdrawals (Cashier Section of The Software)
Well, you don’t have to worry about that because even if some miracle happens which will allow you to generate some money, the scamming brokers will never let you cash out. The second we inquired about withdrawals we got locked out of our account and that was pretty much the end of it.
Is It Free?
The minimum deposit is £250, but we were told that one of our members was asked to invest at least £500. That money will be charged to your credit card by the broker which is allocated to you. In most cases this broker will be unregulated.
Is Bitcoin Equaliser Legal and Safe To Use?
In regards to taxes, it is your responsibility to check with your local legal jurisdiction. We looked for patents, but there is nothing which talks about the patenting of the software. This means Bitcoin Equaliser is neither safe nor legal to use, but does that really surprise you?
What Are CFD’s?
CFD’s are derivatives which can be purchased or sold according to the underlying asset’s contract rate. CFD’s or contracts for difference include commodities, stock, indices, and currency pairs. CFD’s can be highly profitable and you don’t actually have to own the asset, you merely speculate if the price will fall below or above the resistance line. CFD’s are also very risky, but you will have a very difficult time finding anything about the risks involved when signing up for this platform.
Other Scams We Keep Hearing About
The viral scams we keep getting complaints about are Crypto Engine and BitQT.
If you are searching for a truly genuine trading app then look no further. Our team of expert researchers goes the extra mile and identifies the software which has the most potential. Once it passes our rigorous screening process it gets added to our recommended section on a trial basis. If the app performs consistently it stays and our members can start taking advantage of it.
Bitcoin Equaliser Review: Summary, Conclusions, And Recommendations
We blacklisted the Bitcoin Equaliser scam since it is clearly a cloned software and fraudulent trading app. The evidence we were able to produce is overwhelming and should serve as a genuine eye-opener for anyone who is seriously considering taking the Bitcoin Equaliser platform for a “test ride” by investing money. The app scores a big fat zero on transparency since it is totally anonymous and we can’t know who is behind it. The claimed win rate of 99.4% on the original version of the website which was launched by a media company is completely unsubstantiated and simply untrue. This means the trust score is also very low, and all of these facts put together should connect the dots for anyone reading this independent Bitcoin Equaliser review. If you believe our information to be lacking in any way, or alternatively have a different opinion about the Bitcoin Equaliser app simply leave a message below or message us via our contact page.
I was interested in reading your review of Bitcoin Equaliser as fell for the scam in a very big way but the broker was Swiss-btc. Supposedly they are based in Switzerland but have offices in 40 The Bank
in Canary Wharf in London.
Everything was going well until I started to take out what they called a monthly salary of 5% of my total profit. I was told I had reached 1.5 million pounds worth of trades and I owed £16000 to the Liquiditor but it couldn’t come out of my profit as had to be paid in pounds and not bitcoin.
I was told I could take out a loan and the monies would be paid back in a few hours. Unfortunately I did this and thinking I would get the monies due to me I was told there was a broker’s fee of over £20000. At this point I realised I was involved in a very elaborate scam and after a few more phone calls from the account guy from the scammers that was it and my account is still open but frozen.
If you need any more details such as names etc I can give them to you but not sure they
Also if you look them up on Trust Pilot they generally get good reviews but looks like Trust Pilot is dodgy as seems to leave out a lot of bad reviews as get paid by the scammers.
Stephan Lindburg says
Hi Nick, thanks for sharing. This sounds horrible. You should try contacting your bank and see what they can do for you. Thanks, Stephan