BitQL Review

Find out if BitQL App Legit or a Scam【Updated For 2024】

BitQL is a digital trading platform designed to make the markets more accessible for everyone. Recently, trading apps have burst onto the scene in a big way, claiming to revolutionize the way people look at trading going into the future. A big claim, sure, but not entirely unfounded.

Trading has long since been cornered largely by professionals and a select few. Following long, drawn-out processes and outdated systems, the trade markets were not easy pickings if you didn’t have the correct type of training. Luckily, apps like BitQL are changing that.

In this review, we take a deep dive into the BitQL trading platform. We wanted to find out how it works, how easy it is to use, and how accurate the information provided was. Basically, we wanted to find out if it does what it says on the tin. There are so many similar apps out there to choose from. We want to help narrow down your search by seeking out the best of the bunch and explaining what makes some better than others.

This website and its publications are not a source of formal financial or professional guidance. The perspectives shared here are grounded exclusively on the author’s viewpoint, investigations, and personal encounters, and must not be regarded as definitive facts. The writer is not a certified financial consultant and does not hold any relevant credentials in this field. It is strongly advised to seek advice from a proficient financial consultant before pursuing any investment activities, as the details delineated on this platform are broad and may not cater to personal requirements or situations.

Overall, the benefits far outweigh the drawbacks. Ultimately, other than a few minor details, BitQL has just about everything you could ask for in a digital trading app. By focusing on user-friendly features and customer-first functionality, this app establishes itself as one of the frontrunners out of all the platforms we have come across.

BitQL in a Nutshell

Before we go into details, here is a brief summary of the highlights of the app and talking points of this BitQL review:

• BitQL is one of the most transparent trading apps we have tried.
• The registration and setup in quick, easy, and uncomplicated.
• It connects you with a hand-selected broker to discuss your options before you start trading.
• Training and learning features on this app make it perfect for beginners.
• You can trade in several assets, but the cryptocurrency options are limited.
• Flexible trading on the go is a big upside of the BitQL app.
• Although there is limited customer support, the app itself is very useful.
• The display is one of the most user-friendly we have come across, and the interface is easy to navigate.
• Settings and parameters are adjustable to match the user’s experience level.

Overall, we were very impressed by the BitQL platform, both on the surface and once we looked further into how it works. The focus seems to be on providing a streamlined, simple app that anybody can use without feeling overwhelmed. Seasoned professionals may find some parts oversimplified at first, but actually, everything is easily adaptable to meet individual requirements.

Now that you have the outline, let’s fill in the rest of the details.

Trading with BitQL

The most important part of any digital platform in this industry is the trading capabilities. With any trading app, you want to be sure that the software is set up to run smoothly. It should always aim to give you the best chance at doing well. Nothing in trading is guaranteed, and risk is par for the course. However, a good trading app can help you get a better view of the bigger picture. It can set you up in the best way possible.

We believe that BitQL does this successfully. Not only does it put you in contact with trusted professionals, but it also opens up various exciting trading channels.

What Can You Trade?

Let’s look at what sort of opportunities you can expect to find when using this platform. There are plenty of markets out there for you to trade in, thanks to apps like BitQL. Here are a few of the best.

• Asset Trading

Asset trading is all about buying and selling securities. That means stocks in a company or product where the value is expected to rise. Assets are usually held for a short time and have a quick turn-around. The great thing about asset trading is how versatile it is and how many opportunities it brings.

• Cryptocurrency

Everyone has heard of Bitcoin, but there are actually thousands of cryptocurrencies out there to trade in. In recent years, the interest and value of cryptocurrencies have sky-rocketed, and the market is not one of the most exciting of them all. Crypto is a unique investment opportunity that millions of Americans are getting involved in. With BitQL, you can get involved too!

• CFD

CFD is a type of asset trading where you purchase contracts instead of securities. You set up agreements based on the price difference between the contract starting and when it ends. Like anything else, the idea is to sell the contract for more than you paid for it. Despite being slightly more complicated than some other trade markets, it is still a great thing to be involved in once you know how.

• Forex

Trading on the foreign exchange is a huge market, with around 10 million daily users. It is fast-paced, exciting, and full of opportunity if the right plays are made. It works by exchanging foreign currencies as the value fluctuates. You buy one currency using another and try to speculate on what is going to be worth more.

Trading for Beginners

All these markets can be daunting if you have never been directly involved before. Reading movements and speculating on values is not a skill you can learn overnight. Beginners are sure to love BitQL for several reasons – primarily because of the learning support and simplicity it offers.

Some of the best trading features for rookies include:

• Demo account
• Expert brokers
• Simplified interface
• Training and insight

The platform does not tell you what to do or make trades for you, but it is the perfect place to hone your skills and build confidence.

 

Trading for Experts

One thing is for sure- BitQL is not only for newbies! We found many aspects of this trading software to be very helpful even with experience on our side. Professional traders and long-time enthusiasts often find themselves limited by the time restraints and demands of the industry- something BitQL can help with.

• Less time spent scanning the markets
• Trading on the go
• All your favorite markets in one place
• Real-time updates and transfers

Although you still need to take some time to check the markets and make your moves, the platform streamlines the process to make it a little faster. It is also compatible with mobile devices, meaning you don’t have to be stuck at a desk all day.

BitQL Features

The main focus of our BitQL review was, of course, the features. There are so many digital trading apps to choose from. We wanted to know what made this one stand out.

At first glance, BitQL has an easily readable interface and an attractive looking homepage. You can never judge a book by its cover, but it certainly gives off a good impression. When you read a little further, it keeps getting better.

Here are a few of the highlights of the BitQL trading app and what makes them good additions.

Demo Trading

The demo trading feature is a must for anyone just starting out on their trading journey. It allows you to make trades, learn from mistakes, and get used to how things work without having any money in the game.

Even if you have previous trading experience, every platform is different. It is never a bad idea to have a test run, and BitQL has one of the best.

Smart Software

The software used on the app provides you with all the tools you need to see the bigger picture and understand how to make intelligent choices. Although it doesn’t make trades for you, it does make it simpler to read the market and analyze the movements.

It filters out the excess, unnecessary information that can be distracting. We like the streamlined approach to trading software that BitQL takes.

Expert Brokers

BitQL is not a replacement for using a brokerage, but it does make it far more accessible. Trading in certain markets requires dedicated brokers. Platforms that claim to bypass them completely (which is often the case) may not be entirely transparent. Luckily, BitQL sets you up with a broker right off the bat, so you know exactly what to expect.

Of course, it’s not just any old brokers- the contacts the platform provides its users with are renowned and respected internationally. Regardless of your experience, having these brokers as your contacts is definitely a good thing. They can help tailor your experience to suit your risk parameters and interests and make the whole experience smoother.

Easy Set-Up

One of the biggest upsides of BitQL is the ease of it all. Trading is complicated enough without the hassle of a tricky setup. Registering an account only takes a few basic details and even fewer minutes of your time.

When you go to the BitQL website, simply go to the login page and look for the section for registering the account. You can’t miss it! The only details you need to enter are:

• Your full name
• Current email address
• A contactable phone number

Create the account, take a look at the platform and wait for the scheduled call from one of the hand-selected expert brokers.

BitQL Account Options

The account options with BitQL are simple, which is part of what we like about it. After you set up an account- which is equally straightforward- the next steps are easy. The first options you choose from are:

• The demo account or live account

If you are new to digital trading, you have the option to access a demo platform before you go live. By choosing this account option, you get to learn the ropes a little before investing any real money.

A lot of similar platforms have a demo option like this, but we liked how easy the BitQL version was to navigate. Even a first-timer can gain a good understanding of how digital trading works and build enough confidence to move to the live account.

Once you feel ready, or you are already experienced, you can choose the live account option. This takes you straight to the real thing, where you can start trading in assets, cryptocurrency, and many other exciting opportunities.

• Deposit Payment Type

The minimum account deposit is the equivalent of $250. The payment options include credit card, debit card, or bank transfer. The accepted currencies are US Dollars, Euro, and Pound Sterling, which you can convert into cryptocurrency if that is what you choose to trade in.

• Trade via a broker or through the app’s trading software

One of the first things that happen after setting up your account is a conversation with a trusted and recommended broker. We like the transparency BitQL provides you with during this communication as it gives you clear expectations of what to expect from the platform. The process is explained clearly and in detail when you speak with the appointed broker, which is extremely beneficial if you do not have much prior trading experience.

If you decide to go with the broker, you are still in charge of every trade decision. They are simply there to make the moves on your behalf. Using the software works in much the same way. It just depends on your personal preference.

Is BitQL Trustworthy?

After an in-depth look at the platform for this BitQL review, we can say that yes, it is a trustworthy trading app. The software is state-of-the-art, the brokers are industry experts, and the people who built the app have years of experience in trading.

Information is provided upfront and in a way that is easy to understand, even for someone who is completely new to this world. Investment opportunities are solid, and the methods of trading are legitimate. The account holder is in complete control of their own funds and what happens with them, and they can withdraw them at any time.

It can be difficult to weed out the best trading platforms from such a competitive market. BitQL is one of the good ones, particularly if you are inexperienced. Although anyone from any background can benefit from using this app, beginners have a real opportunity to learn valuable skills to carry them through their trading journey.

Behind the Scenes

When reviewing any trading app, we think it is important to take a look behind the curtain to find out a little more about where it came from and the people who created it. Knowing a bit of background helps give some peace of mind that you are, indeed, in good hands.

BitQL was created by traders for anyone who wants to be a trader. The team behind the app had worked in various branches of the financial industry for years before taking the leap to create BitQL. There is not a great deal of information available about who specifically these people are, but anonymity is not necessarily a bad thing. Additionally, there is not much customer service, although you can get in contact via the website.

What we do know is that whoever created the BitQL app is clearly passionate about the industry and believes everyone should have a chance to be a part of it. The company’s mission statement is about ending the trend of conventional trading activities that only the rich and experienced can take part in.

It is clear by the low minimum deposit and customizable settings that the creators had the little guy in mind when building BitQL.

BitQL Review: Final Thoughts

The BitQL trading app is an excellent tool. After giving it a try, we can confirm that it is a simple and effective platform for trading in multiple assets and markets.

It is catered towards traders across the board, regardless of experience, but we would say that the people who can benefit most are those who are fairly new to the game. Many platforms claim to provide the tools a first-time trader needs to get up and running, but BitQL really delivers.

Flexibility, transparency, control, and opportunity: four things you are sure to find on the BitQL trading app. If you are looking for somewhere new to access the exciting world of trading, this could be the place for you.

Frequently Asked Questions

We hope our review has answered any pressing questions you may have about the BitQL platform. Just in case, here are a few of the most commonly asked questions regarding digital trading platforms in general.