Last Updated on September 30, 2021 by Stephan Lindburg
BitQZ review and scam investigation.
Is BitQZ scam app or legitimate automated trading software? BitQZ is advertised as an AI-Driven CFD trading software and a “highly intuitive trading platform”. But is that really the truth or have we stumbled onto yet another blacklisted get-rich-quick scheme? At times the answer can be elusive, however this is most definitely not one of those cases. After conducting an in-depth investigation and examination of the facts, we are of the opinion that BitQZ is a cloned Bitcoin trading robot and fraudulent investment app.
In fact, BitQZ is a part of an illegal network of websites which is owned and managed by a European affiliate network specializing in search engine promotions. Well, this made perfect sense to us since the complaints we received mentioned how our members were deceived after reading positive BitQZ reviews. Still, we have to put our money where our mouth is so we signed up and invested £250 with a broker named “Invest Central”. This brokerage has a registered business address in Vilnius, which is the capital of Lithuania (a shady legal jurisdiction).
It took about 30 seconds from the time we registered until we received a phone call from someone calling himself Max Green. He told us he was as senior account manager for Invest Central, and would like us to fund our account with at least £1,000. That’s when it hit us, and we immediately understood what we were getting ourselves into. Still, we had to test the app as a service to our readers. So we insisted on depositing £250, and telling “Max” that there is more where that came from if there is real money to be made here.
The scammers made the cashier available for us immediately and after about 10 minutes of trading our money was gone. That’s when we started receiving incessant phone calls from a variety of “Senior” brokers who insisted we keep adding more money to our account and that anything under £5,000 was peanuts and not even an option if we wanted to make some real money.
After taking the BitQZ app for a test drive, we can ascertain with a 100% degree of certainty that it is a sham. We have all the evidence required to prove it. We even exposed the identity of the crooks who are pulling the strings behind the scenes and actively promoting this bogus trading app. So before risking your money, you should definitely take a minute and read our expert BitQZ review where we will explain in detail why we have decided to blacklist this fraudulent signals app.
Official BitQZ Website, Login Page, and Members Area: There are a few BitQZ websites, and they all claim to be the “Official” one
BitQZ: Proof of Fraud
Here we can see the BitQZ website and registration area. You can see that the scammers are saying it trades “Bitcoin CFDs” through an “AI-Driven Trading System”. That doesn’t really say much, but let’s assume for the sake of argument that some people find it convincing enough to go ahead and register.
BitQZ Scam: Fake Testimonials
If you are one of those people who happen to believe the bogus AI sales pitch then you need to take a very good look at the image below. This is the testimonial section we found for one of the cloned BitQZ websites. It’s quite plain to see that the scammers are using fake testimonials in order to make their argument seem more convincing or genuine. That is absolutely abhorrent and we refuse to accept this type of manipulative advertising practice.
BitQZ Review: Chain Scammers Caught Red-Handed
BitQZ is just one of many cloned websites which use a recycled template for promotional purposes. Check the image below and you will be able to see how the con-artists have streamlined their operation and created a single template which can be rolled out and duplicated at any given time. Metaphorically speaking, it’s like the Lord of the Rings who has crafted “one ring to rule them all”. That ring can be equated to the template which acts as a kind of turnkey solution that’s handed to affiliate marketers who just take it and start putting up spam email campaigns or purchase advertising space.
BitQZ: Duplicate Version Of The Same Scam
Below we have another website which claims to be the official BitQZ trading app. The scammers are saying that members can “dive into the Bitcoin Community” if they join the BitQZ app. Of course, both websites are a complete fraud regardless of their sales pitch or graphics. So don’t let the scammers convince you that they are the only ones who can get you access to “real” or the genuine BitQZ software.
Fake BitQZ Reviews:
Here is one example of a fake review website that is endorsing each and every offer which is readily available. You can see that this webmaster is giving the BitQZ scam a 5 star rating and says that this trading platform has a 92% win rate (which is ludicrous). As a rule of thumb, if you manage to stumble onto a review website which endorses all or most of the systems it has reviewed, then you should close the window or tab and move on to search for more realistic or reliable reviews.
BitQZ Fake News
We found a fake CNN news article we found. It says “new app makes money for you on auto-pilot”. Then we had our experts check this image and it is totally photo-shopped. We also found some fake posts on social media such as Facebook and various pop-up ads that somehow magically appear when searching for certain terms like “make money trading bitcoin online”. Fake celebrity endorsements are very popular with scammers because they tend to be more convincing, and the con artists are using this type of baiting tactic to lure you into investing with BitQZ.
What is BitQZ and How Does It Work?
BitQZ is supposed to be an AI-powered CFD trading app and automated trading software which generates profits on auto-pilot for its members. There aren’t many explanations about how the algorithms are programmed or what coding language is used. We couldn’t find a product road-map or any kind of back-testing methodologies either.
BitQZ Review, Legitimate AI-Driven Trading App Or Scam Software?
The thieves who are responsible for bringing the BitQZ scam to fruition have decided to change a few things and added some new content to the BitQZ features section. But that doesn’t really mean anything, it’s just a slightly different take on the same drivel.
Sentiment-Driven Trading: Initially we believed it was some kind of strange joke, but it’s not. These scammers are saying that their software is “equipped with sentiment-driven” trading protocols which trigger volatility signals based on what celebrities say or comment about. They even say that their trading app is the first system which triggers volatility signals based on Tweets made by Elon Musk and Jack Dorsey. When we read this we didn’t know whether to laugh or cry, so we just decided to write about it and let our readers know how we feel about these feeble-minded crooks.
Highly Leveraged Trading: This is probably the worst part of the scam. These people are saying that they have agreements set in place with regulated brokers with licenses that have been issued by the FCA, ASIC as well as CySEC. They mention “leverage of up to 5000:1”, but there is no practical discussion of how this is translated into money or what terms apply. They simply state that you can use this leverage to make huge profits even if you invest small amounts of money. These lies are a bit more sophisticated than the usual, but that is designed to make the sales pitch seem more believable or professional.
Highly Intuitive Trading Platform: They are trying to reel you in by telling you that they have a “state-of-the-art” trading software which is easy to use, simple to navigate, and also has an instructional section which explains how to operate the BitQZ app. Again, this is just doubletalk and window dressing designed to make the platform look and feel more accessible to new or amateur traders who are looking to start trading online.
BitQZ Review: Additional Perceived Benefits
In the BitQZ website we see more content about the perceived benefits of using the app. We can basically break down these so-called “benefits” into three separate items.
- Natural Language Processing (NLP): The scammers say that NLP is one section of the Artificial Intelligence protocols which automates the decision-making process by analyzing and interpreting human language. But this is like saying it’s warm because it’s a sunny day. There is nothing of value or any insights which can be gained when reading this type of content.
- High-Frequency Trading (HFT): They state that BitQZ uses HFT to make millions of trades a second by exploiting price movements in the crypto markets. This is more than fanciful, its just a simple lie. Only regulated bank terminals like Citadel or Goldman Sachs have access to this type of technology.
- Scalping Trading Technique: Scalping is basically a strategy where you buy or sell currency pairs and hold on to the contract for a short time while attempting to generate profits quickly. This is actually something which is believable, but unfortunately it’s also a lie because we tried out the app and there is nothing remotely resembling a scalping strategy which is implemented or offered in any way.
In a nutshell, we are dealing with a copied website that is receiving a lot of attention from a variety of websites that are endorsing it because it is generating affiliate commissions for them. BitQZ doesn’t work and that is a fact so avoid it. You can thank us later.
BitQZ Settings, User Interface, and Signals Dashboard
If you don’t see a user interface or any type of signals dashboard don’t stress. These don’t exist, and you won’t need settings either since their is nothing to configure. BitQZ is just a hyped up sales page which is promoted by a filthy group of unscrupulous affiliate marketers based of the United Kingdom. Don’t even try looking for indicators or any type of built-in strategy; there is nothing there.
Is BitQZ Free?
No, it isn’t! Get ready to part with at least £250. That money will be charged to your credit card by the scam CFD brokers who are conspiring behind your back and devising newer and more effective methods designed to rip you off and leave you penniless.
BitQZ Cashier FAQ (Deposits and Withdrawals)
Depositing money with BitQZ is super-simple, but try cashing out and see what happens. Do the words “hitting a brick wall” ring a bell? That’s what happened to us when we lost our money and tried to inquire about withdrawals.
BitQZ Regulation Check
In direct contradiction to what you are being told, BitQZ only uses unlicensed brokers. We checked this by registering a few times from different IP’s and the end result was always the same. Additionally, the BitQZ software is not patented in any legal jurisdiction. This is disturbing for a few reasons.
First, if you register your information can be resold and passed around to the highest bidder. Secondly, there is no legal requirement to keep your personal information on secured servers with encrypted firewalls. Finally, there is no PC Compliance protocol, and that means your credit card data is exposed.
BitQZ Review: Bonus Offering
Bonuses don’t come cheap, so don’t let anyone convince you to accept them. Similar to gambling, bonuses have strings attached and require you make a certain amount of trades in order for you to qualify for a withdrawal. In all our years of exposing scams we have yet to meet a person who accepted a bonus and was able to withdraw funds. We received one complaint in regards to BitQZ, where the broker didn’t really ask the customer if he was willing to take the bonus. It was literally forced on him and then when he tried to make a withdrawal he wasn’t able to.
BitQZ Tax-Related Questions
Don’t concern yourself with taxes, that is something the scammers and promoters have to deal with since they are the ones who are making the money. If you invest, you will be the one transferring the money to them and they have to deal with what and how much to declare. But have no worries, the scammers don’t pay taxes, they have ways to launder it and that’s the real secret behind BitQZ.
What Are CFDs and Is It Possible To Generate Income Trading Online?
CFD’s are financial instruments that in many was resemble Forex. The main difference between the two has to do with the fact that CFDs have a more diverse asset index and can be used to trade indices, commodities, stocks, shares, and of course cryptocurrencies. Trading CFDs can be a very lucrative venture if you know what you are doing, but there are also significant risks involved. When it comes to get-rich-quick schemes like BitQZ there is hardly any mention of risks, and the perceived benefits are highlighted in a very prominent manner.
Alternative Systems We Recommend
So yes, it’s true that most systems that are launched these days are flawed from the outset. But it’s also true that some of them are hidden gems that for the most part remain unknown. That’s because there are some very talented people who design great architecture and can code very well, but have zero understanding of how to market their systems. We identify these types of trading apps and test them. If they pass our screening process they are added to our recommended section and made available to our viewers.
BitQZ Review: Summary, Conclusions, and Recommendations
The Verdict is in and we have decided to blacklist the BitQZ scam app. We are adding it to our growing list of fraudulent systems which we have previously exposed here on ScamCryptoRobots.com. We feel compelled to advise our members to avoid this fake app since it took all our money in a matter of minutes. If you feel we have misjudged or alternatively had a different experience with BitQZ and wish to enlighten us with a different kind of feedback, we encourage you to leave a detailed message below or message us through our contact page.