Bit iPlex AI Review 2023 – Legit or scam?
Bit iPlex is a brand new automated trading tool that promises to streamline the trading process through automation. However, is Bit iPlex a legitimate platform or are the claims too good to be true? Read our full Bit iPlex review to find out!
Bit iPlex Review Overview
Bit iPlex is an automated cryptocurrency trading tool that can be used to automate your crypto trading and learn about the market. The platform promised good returns for traders and this is achieved through the use of AI technology and advanced algorithms. Overall, the platform appears to be legit and the website is protected with an SSL certificate.
However, the website lacks detail about any other security features as well as the technology behind the auto trader, the project team and whether or not it is possible to make your own decisions about trades through the platform.
It is also worth noting that Bit iPlex claims a very high success rate but this cannot be proven. As a result, traders should proceed with caution and only invest what they can afford to lose.
You can use the Bit iPlex algorithm to guide your trading today by completing the easy registration process. Simply head over to the website and create an account to get started.
Your money is at risk.
Complete Bit App iPlex AI Review 2023
Now that you have a brief idea of the Bit iPlex platform, let’s dive into our full robot review. We spent time analyzing the platform’s website, registration process and other user reviews to generate an idea of what Bit iPlex is like to use and whether or not it is legit. Here is what we found!
What Is Bit iPlex?
Bit iPlex, or Bit iPlex Codes, is a new trading tool that uses advanced algorithms to make predictions about the future price of assets and execute trades on the behalf of users. The goal of the platform is to help users to take advantage of the fluctuating crypto market with the help of AI and ML.
Bit iPlex is an online trading platform that can be used to trade crypto assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB) and many others. Users can choose to either fully automate the trading process or to use the platform as a tool to guide their manual trading strategy.
Bit iPlex is not available to US traders but is available in a number of other jurisdictions around the globe, including Europe.
Your money is at risk.
How Does Bit iPlex Work?
Like other automated trading tools, Bit iPlex uses advanced algorithms to find emerging trends and execute profitable trades. The exact technology behind these algorithms is unknown however, most automated tools use AI and ML as part of the process.
If traders choose to fully automate their trading with Bit iPlex, the platform will automatically execute trades that it believes will be profitable. Bit iPlex can be left to run in the background of your day-to-day so that traders don’t miss out on potential trading opportunities.
Bit iPlex can also be used to inform manual traders. The platform offers a range of helpful tools and resources that provide valuable information about the crypto market. Traders may also choose to receive signals from the algorithm and then conduct their own analysis before deciding whether or not to place the trade.
When traders sign up for Bit iPlex, they are directed to a broker that supports the automated trading tool. The website does not state which brokers are available.
Bit iPlex Review 2023– Pros and Cons
The best way to understand whether or not a trading tool is a good option is to take a look at the pros and cons of using it. During our Bit iPlex review, we found several appealing features but also a number of risks that traders should be aware of before signing up.
Your money is at risk.
Bit iPlex Key Features Reviewed
Bit iPlex is an advanced trading platform that offers several tools to help traders profit from the crypto market. We tried out the platform ourselves to establish exactly what is offered by the trading tool. Below is a review of the key features.
✔️ Bit iPlex automated trading tool
Bit iPlex is known for its auto-trading feature, which is available to all traders that sign up to the platform. The tool allows traders to streamline their strategy by passively trading throughout the day and taking advantage of all opportunities that are flagged by the algorithm.
The Bit iPlex automated trading tool uses algorithmic technology to spot patterns and place trades. The website does not provide details about the exact technology that is used; however, similar tools use AI and ML to create algorithms that work in the market.
✔️ Research and education
According to the website, Bit iPlex aims to help traders to improve their trading by learning about Bitcoin and other crypto assets. When traders sign up for Bit iPlex, they are directed to a broker that can help them to learn more about the market. Furthermore, the Bit iPlex platform offers some useful insight that can help traders to improve their understanding of trades that are being placed.
✔️ Charting tools
Bit iPlex is compatible with MT4 as well as its own web trader charting tool. Both tools offer a range of indicators that can be used to analyze price charts and make decisions about potential trading opportunities. MT4 is one of the most popular trading tools available and is used by millions of traders worldwide to trade cryptocurrencies, forex, CFDs and more.
✔️ Mobile application
Traders can access their Bit iPlex account on the go through the platform’s intuitive mobile application. The mobile app offers everything that traders may need to manage their accounts as well as the same charting tools that are available for desktop users. The mobile app is easy to use. However, the desktop version of the platform is better for conducting intricate chart analysis.
✔️ Crypto assets
Bit iPlex is a cryptocurrency trading platform that allows users to trade a number of popular crypto assets. The exact number of assets that are available to trade is unclear however, we can determine that the tool provides access to all major assets including Bitcoin (BTC) and Ethereum (ETH).
✔️ Bit iPlex review platform fees
Perhaps one of the most appealing aspects of the Bit iPlex crypto trading platform is that it does not charge any fees. Users do not need to pay any type of subscription or account management fee, no commissions are charged on trades and there are no fees related to withdrawing or depositing funds.
✔️ Minimum deposit
To start using the Bit iPlex platform, users must deposit a minimum of $250. This is similar to other platforms such as Immediate Connect. While this may seem like a steep minimum investment, it is worth understanding that most automated trading tools require a deposit of this size or higher. There are no details available regarding a maximum deposit. It is also unclear whether traders can withdraw funds from their accounts before making any profits.
✔️ Demo trading account
Bit iPlex offers a demo account that can be used to test the platform before placing any live trades. The demo account is useful for users who are unsure about automated trading tools or the legitimacy of Bit iPlex. However, traders must deposit $250 before they can access the demo account and it is unclear whether or not these funds can be withdrawn before placing any live trades.
The Bit iPlex registration process can be completed in under 20 minutes. The registration form requires traders to enter their name, phone number, email address and password. Traders will then receive a call from a broker to verify their account. Once the account has been verified, traders must connect a payment method to their account and deposit the minimum funds to get started.
✔️ Security and regulation
Bit iPlex is not regulated by any financial bodies. However, the website is protected with an SSL certificate which is designed to keep your data safe. Moreover, the Bit iPlex platform is transparent about the risks involved with trading and includes risk warnings throughout the website so that users are aware of these risks. This is a good sign and suggests that the platform is reliable.
Your money is at risk.
How To Use Bit iPlex in 2023
Traders who are interested in automating their strategy or learning more about Bitcoin may want to start using Bit iPlex in 2023. The sign-up process is easy and it is possible to start trading with the platform in less than 20 minutes. Here is a simple step-by-step guide.
Step 1: Complete Bit iPlex registration form
The first step to using Bit iPlex is to complete the online registration form. To do this, you will need your phone number, email address and password. The data that you provide is secured by an SSL certificate.
Step 2: Verify the account
After submitting the registration form, traders will receive a phone call from a broker that is connected to the Bit iPlex platform. Traders must answer the phone call to verify their trading account.
Step 3: Deposit funds
It is not possible to use the Bit iPlex trading robot without depositing funds. A minimum of $250 must be deposited before traders can access the demo account or live trading platform.
The deposit options available on Bit iPlex include PayPal, credit card, debit card and bank transfer. There are no fees charged for depositing funds on Bit iPlex.
Step 4: Demo trader
Before using the platform to place live trades, it is a good idea to practice using the demo trading account. Even if you are an experienced trader, this feature could help to better understand the platform and work out how to use Bit iPlex for your individual trading strategy.
Step 5: Live trading
It is possible to switch between demo trading and live trading easily with the Bit iPlex platform. Live trading puts your money at risk. It is unclear whether or not traders are able to cancel trades that are placed by the platform. Nevertheless, after practicing with the demo account it is possible to use Bit iPlex to place live trades based on algorithmic data.
Your money is at risk.
Is Bit iPlex Legit or A Scam?
Bit iPlex appears to be a legitimate automated trading platform. Nevertheless, traders should proceed with caution because the platform is not regulated and lacks transparency around security and technology.
It is always good to be careful when using automated trading robots. Although these tools use advanced technology to make decisions, they are never 100% accurate. The crypto market is highly volatile and can change at any time. Traders should always conduct their own research and analysis alongside using a trading tool so that trading is fully informed. It is also advisable to create a strong risk management strategy that will reduce the risk of losing money if trades fail.
Can You Make Money With Bit iPlex?
We cannot guarantee that you will make any profits with the Bit iPlex trading platform. There is no success rate available on the platform’s website and no past performance metrics available. The amount of money that traders could make from the platform depends on the amount of money that is used to trade and current market conditions.
In What Countries Is Bit iPlex Available?
Bit iPlex is not available in all countries due to the fact that the platform is not regulated by any financial authorities. Here is an overview of countries that can currently use Bit iPlex to trade.
Traders who live in the US or UK should take a look at our list of regulated trading platforms that they could use to start trading. Some regulated platforms, such as eToro, also offer automated trading tools that allow passive trading.
Your money is at risk.
Bit iPlex User Reviews
There are several Bit iPlex reviews available from previous users that suggest that the platform is helpful. The reviews speak positively of the platform with users revealing that Bit iPlex was successful at helping them to profit from the market. However, these reviews should be taken with a pinch of salt- it is normal for new companies to pay for positive reviews to draw users to the product.
Is Bit iPlex The Best Way To Trade Crypto?
Compared to some other automated crypto trading platforms, Bit iPlex could be considered to be a strong cryptocurrency trading platform. This is because the platform is secure, offers s demo trading account and seems to be legit. However, it is important to approach platforms that claim high profit rates with caution.
In general, the best way to trade crypto is through a regulated broker such as eToro. Regulated brokers must adhere to strict regulations and safety protocol which means that your funds are protected by law. Therefore, these platforms are considered to be the safest way to trade.
Never the less, not all reliable crypto trading platforms are regulated. This is due to the fact that it is difficult to regulated decentralized applications. Therefore, the absense of regulation is not a complete red flag. However, it is always wise to consider the reasons that a platform is not regulated. Is it due to decentralization or because the platform is not reputable?
Is Bit iPlex Endorsed By Any Celebrities?
Several online sources claim that Bit iPlex is linked to wealthy celebrities including Elon Musk, Jeff Bezos and Phillip Schofield. To protect their customers, Bit iPlex does not reveal any information about who uses the platform to trade so there is no evidence to support these rumors. It should also be noted that no celebrities have admitted to using the platform.
Is Bit iPlex Safe?
From a glance, Bit iPlex seems to be a safe platform to use. This is due to the fact that users are protected with an SSL certificate. However, the website provides no details about any other safety measurements that have been put in place so it is worth proceeding with caution.
Bit iPlex isn’t regulated which means that the platform does not have to adhere to regulatory policies. Instead, it is up to the traders to keep themselves safe whilst using Bit iPlex to trade. Here are some top tips for staying safe whilst using an automated trading platform in 2023.
Don’t use your main bank account to deposit funds
Unfortunately, some automated trading robots are scams that use fake promises to take funds from traders. Therefore, it is wise to fund the trading account with a separate bank account, or PayPal, so that your main account cannot be reached by potential scammers. PayPal is a great platform to use because it offers user protection. If you use PayPal to fund your account, it is possible to raise a dispute in the event that your money is taken or lost.
Never share your password
It is important that all passwords are kept safe so that third parties cannot access the trading account. Scammers will often try to hack into trading accounts by posing as the customer service team and requesting user passwords. In general, never give any information about your account to anyone unless you have contacted customer services yourself.
Install antivirus software
It is unclear what security measures have been put in place by the team behind Bit iPlex. Therefore, traders should consider using their own security measures to keep themselves safe whilst using the platform. Antivirus software is a good example of a simple tool that could protect traders from harm in the long run.
Don’t invest more than you can afford to lose
Automated trading platforms can never guarantee results. Therefore, traders should only trade with money that they can afford to lose. It is also important to stay away from gambling with an auto trader. If you do want to gamble with crypto, it is better to use a reliable Bitcoin Casino.
Your money is at risk.
Bit iPlex Review 2023– Our Verdict
Bit iPlex is a legitimate trading robot that has received some good reviews online. Our review suggests that the platform could be useful for making informed trading decisions but traders should be careful about relying solely on the platform to make profits. There is no evidence of past success and the website lacks transparency. Traders should conduct their own research and analysis alongside using the platform to improve their chances of making money.
Your money is at risk.