Compared to other automated trading services, BitQT works in a similar way. The platform allegedly uses algorithms and application programming interfaces (APIs) to assign brokers to account holders and place transactions with those brokerage agencies. BitQT keeps an eye on the cryptocurrency market and makes trades based on your pre-defined criteria. Users can test their trading strategies with a practice platform.
Whose BitQT is it?
BitQT was invented by a group of traders who recognized the potential of algorithmic approaches for optimizing trading strategies. The traders then worked with the programmers to ensure that BitQT has the most up-to-date technology available, allowing you to make data-based trading decisions in record time. In addition, the owners monitor the cryptocurrency market and update the robot in the light of new developments, allowing you never to miss a profitable opportunity.
The basis of using BitQT
BitQT uses advanced technology to analyze the cryptocurrency market and predict profitable trends. The robot is easy to operate and creating an account is easy. In this quick guide, we’ll go over the steps you need to take to create a trading account and start trading with BitQT.
Creating a trading account is the first step.
Secondly, put some cash (minimum US $250).
Third, start trading with BitQT.
What types of digital assets and coins does BitQT support?
Please note that BitQT can only trade the supported cryptocurrencies. Therefore, before you use your preferred crypto asset in automated transactions, make sure it is available. We recommend looking at other trading robots that support these assets if you are a trader with a diversified portfolio across markets such as stocks and forex.
What types of trading opportunities offer leverage?
BitQT integrates with various brokers to facilitate leveraged CFD trading. In contrast, in a Contract for Difference (CFD) trade, you actually buy a contract based on the value of the asset.
BitQT does not provide details about the use of leverage in trading at the moment. However, there are numerous analog bots that allow you to trade up to a thousand times your initial investment. Depending on the broker you work with, a minimum deposit of only $250 can give you access to a trading account with a maximum value of $250,000.
Trading on margin requires careful consideration. It is very unlikely that you will earn money from this deal if you do not manage the execution of the trade yourself. Investors risk significant losses by using leverage. If you can’t afford to lose a lot of money, don’t bother trying this strategy.
I would like to know the spreads.
We could not find details about spreads on BitQT. However, the spreads are determined independently by each broker. Talk to the broker if you want more information. Spreads will change as the price of Bitcoin and other cryptocurrencies rises and falls.
What is the price for BitQT?
It’s important to keep in mind that BitQT works with brokers that charge different fees. Minimum deposit requirements, transaction fees, inactivity fees, commission / spreads, etc. are just some of the costs you can expect when working with a broker working with this robot. Simply put, it is important to find a broker that is within your financial resources.
BitQT offers most of its services for free and takes a 2% discount on any money earned through its platform. Keep in mind that it also offers deposit bonuses, which you should always pursue to increase your profit potential. In addition, newcomers should use the practice account of BitQT before committing to the real market. It’s also the best place to make sure BitQT works for your cryptocurrency trading needs.
What payment options does BitQT support?
No details are provided about accepted payment methods. However, you should be able to make a deposit using a credit card or a debit card. You can use the BitQT contact form to ask questions about available payment methods.
While BitQT does not review fees for making deposits or withdrawals, your credit card company can.