Last Updated on August 21, 2022 by Stephan Lindburg
BitQT App Review. Is BitQT App SCAM or legit trading platform?
Today we can say without a doubt that if you signup for the blacklisted BitQT App scam trading software you will end up losing your money and that’s a proven fact. The BitQT App is advertised as an automated trading system (crypto robot) which offers ordinary people the “opportunity of becoming rich in a short period of time”.
Well, if that doesn’t answer to the criteria of a get-rich-quick scheme then nothing else does. As we have previously mentioned, cloned scams are becoming very popular with affiliate networks and media agencies and BitQT App is no exception. In fact, this latest ruse is facsimile copy of the BitXT App.
Both of these websites were created by the same crooks, but whilst BitXT App was designed to attract primarily non-English speakers, the BitQT App is strictly for English speaking viewers.
OK but why is this happening? Why did the swindlers create two identical websites and choose to name them differently? This could be done for a variety of reasons, but we believe it has to do with how scammers manage their campaigns and target their victims.
Of course as we have seen in previous cases, when you signup there is no software at all. Instead you will be welcomed via phone call by a rude sales rep posing as an “account manager”. When we conducted our £250 deposit scam test, the broker which was assigned to us was named “school for broker”.
A quick check reveals it is connected to the infamous Brokerz website and has a registered business address in Sofia Bulgaria (a well-known shady legal jurisdiction).
It’s also worth mentioning that our investigation into the fraudulent BitQT App platform was prompted by complaints which we started receiving. Most of these complaints are related to inability to withdraw funds, and in some cases members even told us that brokers simply denied the fact that an investment was even made even if a simple look in the transaction history shows otherwise.
All of these facts and many more have led us to the inevitable conclusion that the BitQT App is a cloned version of the BitXT App and a confirmed get-rich-quick scheme. Don’t believe us? Well in that case you should take a minute to read our detailed BitQT App review because we exposed this fraudulent piece of trash trading technology as well as the liars behind it.
Official Websites, Login Pages, and Members Area: bitqt(dot)app/en, bitxtapp(dot)com (We spotted additional cloned sites)
Proof of SCAM And Malicious Intent
Here is the primary sales page and registration area for the BitQT App scam, and if you take a close look you will see the same old sales pitch about how “Bitcoin Is Making People Rich”. Does that sound familiar? Well it should, it is copied from all the well-known scams in the crypto trading industry.
And here we have the BitXT Scam, and it’s quite plain to see that these websites were rolled out simultaneously and each one was designed to target a certain market or segment of potential victims.
BitQT App Fake Testimonials
Here we have the BitQT App testimonial section, and as you can see “Laura Pearson” is not a real person. Her image was stolen from the internet without permission and used to mislead potential opportunity-seekers looking to cash in on a legit auto-trading app.
BitQT App Is a Laser-Accurate Scam!
Here you can see the bottom section of the BitQT App website. Again, you don’t need to be a rocket-scientist to understand this is a cookie-cutter type of operation designed to launch cheap websites that are effective at baiting victims. For example, you can see that the same exact content is used for the Bitcoin Revolution and Bitcoin Rush scams.
Fake BitQT App Reviews – There Are Many New Ones!
And here we have a type of fake review site which is openly endorsing the BitQT App scam. If you look at the section underlined in red you will see that they are saying that “BitQT is the best platform for you” (if you believe that). We have spotted a few other fake BitQT App reviews, so if you come across one and are not sure about how to move forward feel free to drop us a line.
BitQT App Fake News – Monitored And Updated Daily
Here we have a fake (spoofed) CNN News website which is trying to sell you the idea that the BitQT App “automatically generates profits for its users.” Viewers exposed to this type of false advertising are specifically targeted according to their geographic location and search preferences.
This type of website is also referred to as a “system page” or “pre-lander”, since it is used as a priming mechanism which triggers interest before viewers signup for the real scam website. We have also received reports where fake celebrity endorsements are used for promotional purposes.
After an initial inquiry it came to our attention that Christoph Waltz, Adrian Orr, as well as Prince Harry and Meghan Markle were used in a fake Mirror website. We have also just now received information about a fake news campaign which is live now and using This Morning With Holly and Phil interviews to promote the fraudulent BitQT platform. Bill Gates and the cast of the Dragons’ Den (Die Hohle der Lowen in Germany) are also used in a similar fashion.
What Is The BitQT App And How Does It Work?
The BitQT App is advertised as an award-winning app which delivers signals to your mobile device or computer and has a 99.4% level of accuracy. The scammers are using the time-leap sales pitch again and saying that the BitQT App beats the competition because it is ahead of the markets by 0.01 seconds. In other words, they are saying it is better because it is faster (but we already know that’s a lie).
BitQT App Review, Sadly You Will Not Become Rich If You Join!
Trust us when we tell you that the BitQT App has nothing to do with automated trading software, and that not a single soul in this known universe doubled, tripled, or quadrupled their hard-earned money using this bogus investment app.
We can also guarantee that “ordinary people” who signup you will not become rich quickly by generating huge profits from Bitcoin and other cryptocurrencies. Conversely, we can confirm that if you do decide to join this filthy scam you will end up losing you money and that is not a supposition or assumption rather a proven fact.
Auto Trading Does Not Exist!
Don’t expect to see an auto-trade button or anything even remotely resembling signals. BitQT is just an over glamorized sales page with a lot of hype around it. There is no user-interface at all, and you can’t control your trades or level of risk.
BitQT Demo Account – Totally Rigged!
BitQT has a fake demo account setup where you are set to win. However, when you invest real money you start losing. One of our subscribers actually timed and documented the whole process and sent us proof of how it works.
There are fake review websites that will boast about the demo account, but that is to make you drop your guard and make you more receptive to the idea of investing.
BitQT FAQ Section
There are different versions of the BitQT scam, and most of them do have an FAQ section. But that doesn’t really impress us because the whole section is simply copied and recycled as a single unit.
They talk about how it’s not like MLM or Affiliate Marketing, how much it costs, and how much time you need to invest in order to generate “$1,100 daily”. Don’t believe it for a minute it’s all lies.
Malfunctions, Irregularities, and Other Red Flags
The list below represents a partial checklist which we go through every time we screen a new software.
1. Support Email Bounces: One of the first things we do when we test a software is to send an email to the support staff. When we emailed the BitQT staff the email simply bounced and no one replied. There is no other way to contact their support to get an explanation of how things work, so that is a huge problem right there.
2. You can’t login to the software. The only way to login is through the broker which is assigned to you.
3. There are no settings, control panel, or any indicators.
In short, there is nothing which is even reminiscent of a genuine trading app.
Eight “Official” BitQT Websites, One Crypto Scam!
Our staff recently found not 1 but 8 websites, and all of them are claiming to be the official BitQT website. We have attached a screenshot for you above as a point of reference so you can see this for yourself. This is happening because there are different affiliate networks which are competing for the maximum exposure on search engines.
BitQT is the first in a line of cloned websites. It represents everything which is bad in the cryptocurrency trading industry. It’s extremely misleading and totally fraudulent. Avoid it!
So every time you register through one of these websites, your details are tracked or linked back to a different campaign which is belongs to a different network. This is not an uncommon phenomenon, so before you decide to risk your money make sure to read an independent review from an accredited industry website. Do not pay attention to recommendations provided by paid press releases or shady websites which are not industry-related.
BitQT Scam Blacklisted by The FMA In Austria as Well As New Zealand!
If you needed any additional proof now you have it. The Financial Market Supervision authority (FMA) in Austria and ConSob in Italy have officially blacklisted BitQT by issuing an investor warning and specifically saying it “is not authorised to carry out certain banking transactions”.
If you noticed, a complaint which was received through their whistle-blower system specifically mentions another cloned website which we need to add to our growing list. We have added a screenshot of their alert above as a point of reference and will be monitoring the regulation section on a daily basis. If and when new investor alerts start to surface we will update our review.
Looks Can Be Deceiving
Trading crypto CFD’s can be a very tricky endeavor even for seasoned Forex veterans, so it comes as no surprise when amateur or inexperienced traders start talking about how they got scammed. In reality there are three things you must examine before jumping in and testing the waters.
The first has to do with the system you are using, the second is related to how much you can invest, and lastly the platform or brokerage you are using is also very important. It’s equally important not to get tempted and join programs that use a lot of hyped up or unsubstantiated claims of easy money. In other words, if it sounds too good to be true it usually is.
Alternative Systems That Work!
So while it’s true that most systems turn out to be flops, every once in a while a new software is launched which actually has potential. When we identify this software we start to test it, and if it passes our screening process and generates consistent profits we add it to our recommended section. So go ahead, check it out!
BitQT App Review, Summary, and Conclusions
We have decided to blacklist the BitQT App scam trading platform since we believe it is merely another over-glamorized get-rich-quick scheme. Not only that, we have clearly proven that this software was duplicated and used for the BitXT App as well.
We have noticed that the latter is used for German speaking viewers who are currently being baited, and we have also seen fake news article in the German language which is currently being circulated. Still, if you feel you need additional information or alternatively feel our review is inaccurate we invite you to reach out and message us through our contact page or social media.