BitIQ
This is NOT a regulated broker. Do not deposit any money with this platform.
Official Warning
BitIQ is not regulated by any recognized financial authority. Multiple consumers have reported losing money to this platform. If you have been contacted by this platform, do not send any money.
What is BitIQ?
BitIQ claims to use artificial intelligence to trade Bitcoin and other cryptocurrencies with guaranteed profits. It has been warned against by multiple European regulators.
Red Flags
Claims AI guarantees profitable trades
Warned against by European financial regulators
Fake endorsements from business figures
No verifiable AI technology or team
Aggressive telemarketing after registration
Deposits processed by unregulated payment entities
How the Scam Works
Users register after seeing fake ads and receive immediate phone calls from salespeople. The initial deposit is placed with an unregulated broker. The platform shows AI-generated fake trade results to justify larger deposits. Withdrawals are blocked indefinitely.
What to Do If You've Been Scammed
Stop all communication with the platform immediately. Do not send any more money. Document all transactions, emails, and screenshots. Report to your local financial regulator and police. Contact your bank to attempt a chargeback on credit card payments. Be wary of 'recovery' services that may be secondary scams.