Last Updated on December 31, 2022 by Stephan Lindburg
BitQL App Review and Scam Investigation
The BitQL App is advertised as an “auto-trading robot that helps you find the best trades without needing skills or knowledge”. But is that really the truth or is BitQL App scam? In reality the BitQL App is a part of a larger network of cloned websites which has recently emerged. In fact, it is a facsimile copy of the previous BitQT App which we have previously exposed here on our website. This fraudulent trading platform was designed with the explicit intent of deceiving and misleading potential investors by spreading lies and half-truths about how easy it is for people who join this program to become millionaires.
In other words, the BitQL App is simply another get-rich-quick scheme which is now being heavily promoted by an affiliate network that’s closing deals behind your back with scheming offshore CFD (contract for difference) brokers. When we registered to conduct our €250 test, the broker which was allocated to us was named “CFD Markets” and it has a registered business address in Sophia Bulgaria. The dots started to connect for us very quickly, when we realized that our initial deposit basically evaporated in a matter of minutes and we started receiving phone calls by the dozens.
So if you read some article about how the BitQL App can generate profits for you on auto-pilot and you want to invest your hard-earned money, we highly recommend you read our detailed BitQL App Review and refrain from doing so because we exposed this hoax as well as the con artists who are orchestrating this sham.
Official Website, Login Page, and Members Area: We have identified at least 10 (Ten) websites claiming to be the “official” BitQL app. None of them are legit!
Check out the image below. It is a screenshot of the BitQL App main registration area. Take a look at the main image of the hand which is holding the cellphone, the iconography, and the actual registration form where potential clients are asked to enter their details.
Now look at the screenshots we have provided for you below. As you can see, the BitQL App is basically a type of website which is recycled in a cookie-cutter format and then reproduced with a different logo. The BitXT App is also a part of this illegal network of websites, and we are 100% convinced that similar sites will arrive at some point.
Here is additional proof if you feel it is required. All three apps (BitQL, as well as the two other clones) are using the exact same “how to” section and even the same image bank actress. This image is very well known and used for countless get-rich-quick crypto scams we exposed on our website.
Fake BitQL App Reviews (There Are Quite A Few)
- 1 Fake BitQL App Reviews (There Are Quite A Few)
- 2 BitQL App Fake News
- 3 What is the BitQL App and How Does It Work?
- 4 BitQL App Review, Scam Trading Software Exposed!
- 5 BitQL Regulation Check
- 6 BitQL FAQ
- 7 Is It Free Of Charge?
- 8 Why Are The Scammers Trying To Trick Me?
- 9 Signals, Bots, And Scams
- 10 Tested Alternatives That Work
Here we have a screenshot of a fake review website which boldly states that the BitQL App scam has an “88 percent win rate” and is giving this bogus automated trading software a rating of 4.8 out of 5 stars. This is happening because this website is receiving affiliate commissions for referring viewers to thieving software. Eventually the readers will catch on when they start losing all their money.
BitQL App Fake News
Fake celebrity endorsements have become synonymous with get-rich-quick schemes. It’s no secret that affiliate networks and media agencies with large budgets use advertorial-style websites which include fake endorsements by celebrities or high profile public figures such as political figures or movie actors. Some names which have been known to be associated with these types of schemes include the likes of Richard Branson, Elon Musk, Jeff Bezos, Bill Gates, James Packer, Harry Triguboff, The Dragon’s Den, and This Morning Show with Holly Willoughby and Phillip Schofield (partial list).
Today we have found out that there is a fake news campaign involving BitQL and Rishi Sunak. At the time, Sunak was Chancellor of the Exchequer or Treasury Minister for the United Kingdom and was a runner up to replace to replace Johnson along with Liz Truss. Sunak is currently serving as the first non-white Prime Minister in the United Kingdom after Liz Truss resigned. We also found a fake advertisement which features Ex-UK Prime Minister Boris Johnson (see above).
Scammers have really stepped up their game, but using the name and reputation of this important British Politicians to promote scams may be their undoing. Scamwatch in Australia has also issued a warning about fake news articles associated with BitQL. You can view their scam alert here.
What is the BitQL App and How Does It Work?
The BitQL App uses the recycled sales pitch about using a signals software which performs at a “99.4 percent” level off accuracy. They also mention superior technology which is beats market rates by “0.01 seconds”. In other words, it is inferred that it is faster than the other systems which are available and therefore more profitable.
BitQL App Review, Scam Trading Software Exposed!
Hooray! You just read a great article about this new money-making system named BitQL App, and it says that this proprietary software can generate massive profits for you on auto-pilot. Before you take a nose dive and end up with any empty wallet it’s best you completely ignore the sleazy sales pitch about algorithmic trading software and how you can easily make thousands of dollars by investing €250. That’s not going to work. To make matters worse, after testing the app ourselves we found out that there is no software at all (big surprise).
The BitQL App scam is just a hyped up sales page with empty promises and no professional back-testing or auditing done by expert traders. Simply put, this fraudulent investment platform is merely another cloned website which is being used in a very manipulative manner. It is designed to get you to register and fund a trading account with a broker you know nothing about and have not had the opportunity to research properly. In most cases these brokers are not licensed to provide ancillary services or manage investment portfolios for clients, so please take a step back and reconsider your options.
We have also spotted multiple versions of the BitQL scam. Needless to say all of these websites (see image above) claim to be the “official BitQL” app, but they are all equally fraudulent regardless of their design or proposed benefit.
There’s nothing more frustrating than getting conned by a cookie-cutter scheme like BitQL. Please conduct proper due diligence and check before you invest. The information is out there, it’s up to you to find the right review websites.
These websites belong to competing affiliate networks and they all want to grab your attention by gaining more exposure on various search engines like Google or Yahoo. We always recommend finding a reputable review website before joining and program, and also avoid recommendations originating from paid or sponsored articles since those are not really reliable and completely biased.
BitQL Regulation Check
We sniffed around and searched for documentation related to licensing or patenting but came up empty. BitQL is not licensed to manage customer portfolios on behalf of clients and has nothing to offer in the form of ISO or PCI Compliance documents. That means your personal financial information can and will be sold to third parties who will start spamming you and offering you all kinds of offers you never registered for. Additionally, there was no indication of certifications from CySec, ASIC, or for that matter any type of financial regulatory authority.
BitQL is supposed to be an automated trading system for cryptocurrencies such as Bitcoin as the name suggests. However, our investigation proves that it is just a scam.
It is not. BitQL is a losing app. We have clearly demonstrated this in our review.
This software is not legitimate at all. It has been cloned countless times and is now being promoted by some of the sleaziest affiliate networks in the online trading industry.
It's important for us that our readers get the facts. That's because we believe in long-term relationships. Other websites care about the here and now so they don't really mind scamming people and spreading lies about systems like BitQL.
No. We can't help you get your money back. Recovery agencies will demand money upfront without making any type of guarantee. So we don't recommend any of them as well. They are a part of the problem not the solution.
Originally we were under the impression that an FAQ’s were not needed since it has been clearly proven that we are dealing with a hoax and confirmed crypto scam. However, some of our members expressed interest so we added an FAQ section. If you feel more questions should be added please reach out and let us know.
Is It Free Of Charge?
No it isn’t. Similar to other systems like Bitcoin 360 AI and BitiCodes, the BitQL App requires a minimal initial investment of €250. This money is charged to your credit card by the brokers which have been assigned to you which are unlicensed in most cases. Depositing is a simple task when systems like BitQL are concerned, however when it comes to cashing out it’s a completely different story.
Why Are The Scammers Trying To Trick Me?
There are many types of scams which are plaguing the internet, but in this specific case we are dealing with a Forex or CFD scam which is being promoted by affiliate marketers. The affiliates get paid when you invest, which is not necessarily a bad thing if they promote a product which actually performs as advertised.
There’s an entire eco-system designed to convince viewers to invest with offshore CFD brokers. This is done because the promoters are compensated every time you fund a trading account. So someone here is getting paid, but its not the customers!
But since this is clearly not the case, it is fair to say that these promoters really don’t care if the systems they endorse are profitable or not. In fact we can personally attest to the fact that in most cases its well-known that the software is fraudulent, but that does not affect the decision-making process or influence whether a certain system should be promoted or not.
Signals, Bots, And Scams
Automated trading apps or signals software can be of great help to anyone who is interested in trading crypto contracts. But the real question is how to find the right one. The trick is to find a simple app which generates accurate signals consistently.
|Around 1% successful trades.
|Licensing and Regulation
|No licensing. This app is illegal!
|Horrendous. Complete waste of time!
|Demo trading does not exist.
It’s also important not to get sold on the idea that you will become a millionaire overnight if you use a certain method, in most cases you end up getting scammed.
Tested Alternatives That Work
If you are seriously looking for a genuine trading app that does the job for you without too much hassle or headaches, then you need to check out our recommended systems section. We filter out the scams and recommend the software which generates the most profits after testing it.
BitQL App Review Summary, Conclusions, and Recommendations
We chose to blacklist the BitQL App scam software and bogus automated trading platform. The evidence our staff provided is ironclad and conclusive. One can’t deny the fact that we are dealing with a malicious scheme designed to bait unsuspecting investors who simply want to trade Bitcoin using a profitable app. If you believe we are mistaken and have information that would cause us to revise our conclusions, we invite you to reach out and message us through our contact page or social media.