Bitcoin Circuit is a fake algorithmic based trading app, that is integrated with various CFD brokers. We first reviewed this trading app in August 2020, when it went viral on Facebook in the United Kingdom.
If you are just hearing about the Bitcoin Circuit app now, then you should know, there are a multiple versions circulating online.
Even Google themselves have no idea which website has the Official app. Just 3 days ago on September 2nd 2022, a new website popped up on Google as being the official website.
Bitcoin Circuit Reviews
When comparing and choosing an automated trading system, the first item we look for is the ability to choose a licensed broker, and the second thing we look at are the settings available for us to configure.
Bitcoin Circuit randomly connected us a Forex CFD broker, so we could not use our preferred broker.
The Bitcoin Circuit trading app that we originally reviewed back in 2020 was located at: BitcoinCircuitNow.com. (It is not longer accessible.) This version was connected with a variety of CFD brokers, some are offshore and some are licensed brokers. Unlike other trading apps, with this one you can see how it works, before you make a deposit.
The software uses a simple trading strategy, that is based on unknown technical indicators. What makes this product unique, is their risk management settings, which gives you the ability to set a stop-loss and take profits. You can see in this screenshot below, some of the many configuration options available.
Bitcoin Circuit Scam
Yes, the Bitcoin Circuit trading app is a total scam. You can read in full details our article called How the Crypto Trading Scam Works.
You will see exactly the same emails and websites that led you along the path to the phone call from the boiler room in eastern Europe.
Basically, there are more than 100 templates used by offshore brokers to lure in unsuspecting investors. Each one of these websites are identical, and have one goal. That is to separate you from your hard earned money. Take a look at the reviews of hundreds of trading apps, with names very similar to Bitcoin Circuit, see here.
All of them will promise that you will make huge profits of thousands of dollar a day, however the truth shows otherwise. Many times they will make false claims about the accuracy of their software.
They will tell you limited time offer, signup today and deposit $250. It is interested in that with all these trading apps, the minimum deposit is $250. When using a legitimate broker like ForTrade or AvaTrade, they only ask for a $100 minimum deposit. And the offer you free social trading, and free trading signals. Bottom line, it pays to use a licensed and regulated broker.
Regulated Crypto Brokers
Bitcoin Circuit connects investors from the United Kingdom with a variety of CFD brokers and none are FCA regulated! A huge problem with CFD trading today, is the fact that unregulated brokers will steal your money. This is because they are not regulated by a government authority.
Many trading apps we have reviewed looked good, but they do not work with licensed brokers which means they are a scam. It is very important to only invest & trade at a broker that you know and verify has a license in your country!
And this is why so many people are using the broker ForTrade. They are licensed in Australia by ASIC, and by the FCA in United Kingdom, see here.
They have a user friendly trading app with trading signals from Trading Central, learn more at: ForTrade.com.
