BitQT
This is NOT a regulated broker. Do not deposit any money with this platform.
Official Warning
BitQT 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 BitQT?
BitQT claims to use quantum computing to predict Bitcoin prices. It has been flagged by multiple regulators including the FCA and ASIC.
Red Flags
Claims quantum technology predicts crypto prices
Featured on fabricated news articles
FCA and ASIC have issued warnings
No verifiable technology or team
Forces deposits through unregulated brokers
Withdrawal requests systematically denied
How the Scam Works
After registration, users are contacted by a 'financial advisor' who builds rapport and encourages a $250 deposit. The platform shows growing 'profits' that encourage larger deposits. When users try to cash out, they discover the withdrawal process is designed to fail.
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.