Last Updated on July 4, 2022 by Stephan Lindburg
Welcome to our BitQH review and scam investigation. BitQH is advertised as a “user-friendly” trading platform which uses AI-Driven algorithms in order to execute trades seamlessly, automatically, and without any form of human intervention. But our viewers really want to know; is BitQH scam app or legit automated trading software?
At times the answer can be elusive, but this is definitely not one of those cases. After carefully examining the facts and looking at the evidence which has been graciously provided for us by our research staff, we can say with a 100% degree of certainty that BitQH is a full-blown crypto scam and cloned website. Originally this matter was bought to our attention after receiving a few complaints in regards to the deceptive nature of the BitQH app. As a result our staff proceeded to conduct a €250 deposit test, and the broker which was allocated to us was named “Bit Stars”.
We checked this broker out and they have a registered business address in Belize (a dodgy legal jurisdiction known for money laundering), not to mention a well-deserved reputation for scamming investors. We also noticed that a very well-known affiliate network is promoting this thieving software, and we are happy to see that they are just starting to receive the kind of negative exposure which they truly deserve.
If you would like us to show you which fake review websites are are involved in promoting this sham, please message us through our contact page. Otherwise make sure to read our detailed BitQH review, and save yourself the agony of being scammed by disingenuous offshore CFD (contract for difference) brokers.
Official BitQH Website, Login Page, and Members Area: Currently there are two websites claiming to be the “official BitQH website”.
BitQH Scam Evidence
- 1 BitQH Scam Evidence
- 2 Fake BitQH Testimonials
- 3 Fake BitQH Reviews
- 4 BitQH Fake News
- 5 What Is BitQH, Who Is Really Behind It, And How Does It Work?
- 6 BitQH Review, Superior Artificial Intelligence Bot Or Scam App?
- 7 BitQH Trading Platform: Novice Traders Targeted
- 8 User Experience
- 9 Bitcoin Mining and Exchanges
- 10 BitQH FAQ
- 11 CFD’s and The Regulatory Scene
- 12 Choosing The Right Software And Avoiding Emotional Trading
- 13 BitQH Review Conclusions, Summary, and Recommendations
If you look at the image below you can see that the scammers are saying that “crypto traders are generating insane profits”. A closer look will reveal that this is a recycled or cloned version of other systems we have exposed here on ScamCryptoRobots.com. Simply scroll down to the middle section of our review to see for yourself and compare.
Fake BitQH Testimonials
The BitQH scam app has as testimonial section which is completely forged. Not one single person there is “real” for all intents and purposes, and all the images are used without permission in order to make the phony sales pitch seem more presentable or believable.
Fake BitQH Reviews
All of the BitQH reviews we have seen until now are fake and that is because most of them belong to the same affiliate network which specializes in promoting get-rich-quick crypto schemes. But that’s OK, now we are on their tricks and are offering viewers a different and more genuine perspective about the BitQH scam.
BitQH Fake News
Fake celebrity endorsements is very popular with scammers, and this trend is constantly on the rise because it is very effective at baiting victims. If you are in the UK then you will most likely see fake UK Mirror websites, and if you are in Australia then it will be a fake ABC news or “This Morning” show advertorial.
Viewers from other countries that are specifically targeted include (but are not restricted to) Sweden, Canada, Netherlands, Germany, Belgium, Singapore, and also Spanish speaking countries.
What Is BitQH, Who Is Really Behind It, And How Does It Work?
Currently we identified two versions of the BitQH app which are being promoted. The first one is advertised as a “user-friendly” trading platform and award-winning app which trades on auto-pilot. The second one is touted as a trading bot which scans market movements and makes split-second decisions based on “intelligent” AI-powered algorithms. In both cases we are not told who created the software, and the type of technology which is used to to make it work. In other words, it is totally anonymous and very fishy.
BitQH Review, Superior Artificial Intelligence Bot Or Scam App?
There are many reasons to blacklist the BitQH Scam software, but we will just focus on the most important or obvious ones. First and foremost BitQH is a losing software. We tried it ourselves and ended up losing all our money very quickly. Secondly, there is no software at all. BitQH is just an over-glorified sales page which is being very aggressively promoted by thieving affiliate networks specializing in search engine marketing. Finally, as we have previously mentioned BitQH is totally anonymous.
Transparency is not something the promoters of BitQH really care about. In fact, the more obscure and lacking in details the better as far as they are concerned. They don’t want you asking too many questions!
We don’t know who is behind it and what is the reason it was made available to users. There are about six more red flags or valid reasons for blacklisting BitQH, some of them like fake testimonials we have already mentioned in the previous section of our review. Other reasons are related to licensing, regulation and patenting requisites. For example, an ISO 9001certificate is important for risk management, whilst ISO/IEC 20000-1:2011 covers storage and data which is critical when dealing with privacy or confidential financial information. None of this is mentioned in the BitQH sales page or even in the terms and conditions section which no one bothers reading.
BitQH Trading Platform: Novice Traders Targeted
It’s fair to say that BitQH tries to rope in new investors by using fake adverts which promise high returns from various online trading platforms. Experienced or more savvy traders tend to identify this type of false advertising tactic very quickly, but someone who is just starting out with crypto or Forex is more likely to take the bait and invest.
When we do a full review of a product or service we conduct our investigation according to a checklist which constantly changes and adjusts according to customer requirements as well as industry trends.
BitQH does not offer any type of customer support. The email bounced when we tried to message their staff and there is no alternative way to message customer support.
Our user experience can only be describes as abysmal. Everything about this software from the second we looked at it was appalling. The website is full of broken links, redirects with error messages, misspellings, design flaws, and significant lag in the registration process.
Deposit and Withdrawal Fees
Depositing is very simple and requires no fees except for the ones your bank charge you. Cashing out however is impossible. So in this specific case withdrawal fees aren’t an issue since you will not be able to cash out.
Fees are the least of your worries. Try to document your communications. They may help you recover your funds if and when you decide to ask your bank for a refund!
Demo VS Live Trading
There is no demo, which is not necessarily a bad thing. According to our experience in most cases demo accounts are rigged and set on win, but live money mode is usually far more tricky and most people end up losing their investment if they choose to trade using software like BitQH.
Limits and Payouts
The minimum deposit amount is $/£/€250 and the lowest trading amount is $/£/€25 per contract rate. Fake review sites will tell you to always “start low” and monitor your trading performance. That is just another half-truth designed to lure you into the scam.
There is no automation of any kind because there is no software as we have previously stated. Some websites will insist otherwise, but again that would be an outright lie designed to get you to invest money.
Bitcoin Mining and Exchanges
BitQH has nothing to do with Bitcoin mining or exchanges. Again, when conducting our research we have noticed that some phony review sites are trying to draw a connecting line between the BitQH scam app and mining networks or exchanges. This is most likely done because they think it will make their sales pitch more credible or believable. These polished review websites also tend to use the word “reportedly” excessively, but that does not in any way lessen or diminish the severity of their actions. Don’t believe them for a second.
You won’t need to pay tax because you will not be able to generate any money using this piece of cloned rubbish.
Is BitQH Safe To Use?
We have noticed some chatter about spyware which is being used with BitQH, but this is not confirmed. We don’t believe that your computer or mobile device will be compromised, but we can guarantee that you will be profusely spammed and called by persistent sales reps posing as legitimate brokers.
- Is the new BitQH App a legitimate trading system?
No, it is a scam.
- How much should I trade on a daily basis?
Don’t trade at all and save your money for something that actually works!
- Can I really generate passive income using the BitQH App?
As we have already mentioned, you can’t make money using the BitQH scam app.
- I am a total novice and never traded. Is this for me?
No, you will get your wallet fleeced by professional con artists.
- How do I cash-out my money from the BitQH App?
We talked about this, you can’t withdraw money because the scammers won’t let you.
- Is the BitQH App free?
No, the scammers would need you to invest at least €/£/$250, and sometime even twice as that.
- Is the BitQH App mobile friendly?
It is, but that is not relevant since we have already concluded that it is a losing software.
- Do I qualify for a welcome bonus if I join the BitQH App?
Maybe, but if you take it then you will simply inflate your balance as it is not real money you will be able to cash out. Then again, you won’t be able to withdraw your money anyway so it really doesn’t matter if you accept the bonus or not.
CFD’s and The Regulatory Scene
Regulation is a very dynamic aspect of contracts for difference, and this is clearly evident when trying to partner with the right brokers these days. That being said, there is still a huge opportunity for anyone who has a bit of starting out money and the will to invest.
Choosing The Right Software And Avoiding Emotional Trading
You definitely want to avoid choosing some obscure software which has zero credibility and has not been tested by professional reviewers. Selecting the right signals app or trading software can make the difference between losing your initial investment and being a successful trader. Our staff tries to review every system which hits the market, and once in a while a new software is launched which actually performs consistently. Once we identify that service we test it and if it passes our testing process we add it to our recommended section on a provisional basis. Systems that stop performing are immediately rotated out and replaced with new ones.
BitQH Review Conclusions, Summary, and Recommendations
Our BitQH review and scam investigation has led us to the inevitable conclusion that it is merely another cloned website. There is no reason to try and sugarcoat this fact or try to convince yourself that because some fake review site endorsed this fraudulent trading app it must be OK. Doing so will only worsen your financial state of affairs and place you in an even more vulnerable position. For that reason we have chosen to blacklist the BitQH scam app and advise our viewers and subscribers to avoid using it. Should you need additional information or would like to share your experience about BitQH, please make sure to leave a message below or reach out through our contact page or social media.