BitQL is a popular trading system launched in 2017 to offer automated bitcoin CFDs trading. The platform is quite easy to use for complete beginners since all trading is automated.
We are also amazed by the high number of people claiming to make huge profits through this trading robot. BitQL is arguably the most lucrative crypto trading tool in 2021. Its superior performance is justified by the trading strategies and the technologies it applies.
We will look at these strategies and technologies in detail in this review. You will also find all the facts about it to help you decide if it’s worth your money. We may use some technical language in this review, but this shouldn’t discourage you from using this bot.
Remember that all trading is on autopilot, and therefore complete beginners have equal profitability opportunities when the right settings are applied.[toc]
BitQL Review – Is it a scam?
This auto-trading system is not a scam. We have taken a deep dive into it and unearthed very interesting and convincing facts.
BitQL is a product of a highly respected white label trading software provider. The details about this conglomerate are available on their website. BitQL was launched in early 2017 and has grown tremendously over the years to have hundreds of thousands of clients.
Many users review this trading platform as highly profitable. We have analyzed the over five thousand BitQL reviews on TrustPilot and concluded that 90% of users are happy. Moreover, there are many expert reviews out there.
Amazingly, most of the experts conclude that it’s the most profitable bitcoin trading system in 2021. Some of the expert reviews are published on high traffic mainstream media publications. It’s very rare for a crypto trading bot to attract attention from the mainstream media.
BItQL has also secured partnerships with top industry brokers. These brokers are under strict regulatory scrutiny and therefore only works with high-quality firms. As we will see later in this review, all transactions are facilitated by these brokers.
We rate BitQL highly on safety after ascertaining that it relies on top-level security features. These features include 128-bit Key encryption and a robust cyber incident response protocol. Furthermore, BitQL adheres to the strict data privacy laws introduced in the EU GDPR.
BitQL Trading System Explained!
BitQL is a powerful trading system that helps ordinary people trade bitcoin easily and profitability.
It’s arguably the most lucrative bitcoin trading platform today. BitQL trades bitcoin through a financial derivative known as a Contract for Difference (CFD). In simple terms, a derivative is a tradable instrument that derives its value from an underlying asset.
Bitcoin CFDs make it possible to place bets on price swings without having to own the underlying asset. With CFDs, you can profit off both price gains and losses. BitQL applies short-selling techniques to make money from falling prices.
This bot places bets on up to 90 BTC CFD pairs. It offers users exposure to volatile pairs such as BTCUSD, BTCBCH, BTCEUR, BTC ETH and many more. Trading is facilitated through the partner brokers. Furthermore, all transactions with clients happen through these brokers.
BitQL only works with well-monitored partner brokers. This is extremely important since it assures clients of funds safety. With regulated brokers, trading bots must also operate in full transparency. The best way to determine the legitimacy of a trading system is to check the quality of its partner brokers.
Only legit trading systems can secure partnerships with regulated brokers. BitQL works with over 15 brokers regulated in the UK, Australia, Cyprus, and South Africa.
The core technologies behind BitQL
BitQL reportedly utilizes Artificial Intelligence (AI) algorithms to analyze the markets for trading opportunities. These algorithms are super powerful and can glean insights from both qualitative and quantitative data.
BitQL reportedly generates and executes up to fifteen trading signals per minute. About 90% of these trading signals are said to be profitable.
This bot applies sophisticated subsets of AI in Machine Learning (ML) and Natural Language Processing (NLP). The NLP technology enables BitQL to read human language. As we will see later in this review, this is extremely important in news trading.
Furthermore, this bot depends on the ML technology to improve the quality of trading signals. The ML subset of AI enables machines to learn and adapt to changing market conditions. Consequently, BitQL improves the quality of decision making as it interacts with data.
This trading bot is said to run on blockchain and hence offer a frictionless trading environment. Blockchain ensures a safe and transparent trading environment. BitQL offers a foolproof dispute resolution platform powered by the subset of blockchain known as Smart Contracts. This assures all clients of a fair trading environment.
BitQL, like any other broker, accesses the markets through partner brokers. We have established that all its partner brokers offer powerful order execution systems. This ensures instant order placing hence eliminating slippage.
Slippage occurs when a trade is delayed and placed at an unfavourable price resulting in reduced profits or losses.
BitQL Review – Key Features
This trading system is a masterpiece and comes with some of the most advanced auto-trading features in the auto-trading industry.
Many experts recognize BitQL as revolutionary. Thousands of its users have come forward and rated it extremely well on platforms such as TrustPilot. The majority of the reviewers confirm that it’s profitable and is easy to use.
It’s worth mentioning that profitability is never guaranteed. BitQL reduces the risk present in crypto volatility betting but doesn’t eliminate it. This implies a likelihood of generating losses.
Consequently, avoid depositing more than you can afford when trading with BitQL. Below are the features that make this trading bot revolutionary and worth a try.
News Trading Tool
BitQL applies advanced Natural Language Processing (NLP) technology to read and generate insights from breaking news.
Some types of news have an extremely high impact on crypto prices. The news can cause the prices to gain or tumble. For instance, the news associating bitcoin with Tesla has caused a lot of volatility this year. Bitcoin has tripled in price within months and lost nearly half the value in the last three months.
Elon Musk bitcoin sentiments are also a major trigger of volatility. This celebrity has been tweeting about bitcoin and Dogecoin for the best part of this year. BitQL is equipped with algorithms to capture and capitalize on sentiment-driven volatility.
Charts trading tool
BitQL also capitalizes on crypto volatility through price trend analysis. The price trend analysis is popular in traditional assets trading.
It involves studying price charts to identify patterns with a high likelihood of repeating. This technique is extremely powerful when implemented appropriately. As stated earlier, the BItQL AI-drive trading algorithms can analyze big data at supersonic speeds and high accuracy.
BitQL claims to use this technique to glean up to 10 trading signals per minute and at a win rate of 88%. This makes it the fastest and most accurate technical analysis bot.
Arbitrage Trading Algorithms
The BitQl arbitrage trading algorithms study up to 30 leading crypto exchanges to identify price discrepancies.
Asset prices tend to have small price differences on different exchanges. BitQL powerful algorithms capitalize on these price discrepancies. This bot claims to place up to 30 arbitrage trades per minute.
As mentioned above, the price discrepancies are usually extremely small. BitQL places tens of thousands of arbitrage trades per day to generate a significant profit. This trading bot is reportedly the first to apply arbitrage trading in crypto.
Getting started with BitQL
It’s quite easy to register and use BitQL. Below are the steps to follow to begin your crypto trading journey with BItQL.
- Sign up for free on the official BitQL site and verify your account through the assigned broker
- Fund your trading account through the assigned broker. The minimum you can get started with is USD250.
- Watch the trading guide video and test the waters through the highly intuitive BitQL demo account.
- Adjust your BitQL account and start a live session by toggling the red “live session” button.
- BitQL is said to have all it takes to make an average user a millionaire in less than a year of compounding the daily profits. However, this bot doesn’t eliminate all the risks present in crypto volatility speculation. Invest wisely!
BitQL Review Conclusion
This trading bot is rated highly by most experts when compared to competitors. There is also enough evidence that most of its users are happy with it. Below are the key benefits of speculating on crypto through this trading system.
- High-level profitability, as alleged by the majority of reviewers
- Extremely easy to use auto-trading platform
- License-free for all users
- Straightforward and fast withdrawal process
- Safe trading platform
BitQL offers an award-winning web-trader and a hybrid mobile app. You can download the hybrid BitQL App through the link at the bottom left corner of the trading resources page.