Bitcoin Loophole (aka BTC Loophole) is a fake Crypto trading signals software, that we originally wrote about in January 2018. There are many versions of this scam, but in essence they are all the same, and should be avoided.
The main reason it’s a scam, is because their “recommended brokers”, are known fraudsters.
Before You Lose Money…
Look at Real Trading Robots.
Bitcoin Loophole Review
The trading software that Bitcoin Loophole offers, is at best a random signals generator. Other websites offering this product don’t even have a working product.
We thoroughly reviewed the software, and this is what we saw from the product. The Bitcoin Loophole shows you the asset to trade, time that the signal is valid, their confidence level, and the ability to place a trade. We could not ascertain from the signals, how long the trade should be for. Is it going to make money in 5 minutes or 5 days?
Although you cannot see the trading signals, unless you deposit money at their “recommended broker”, this is what the actual software look like (see image below).
Now go see a real trading software.
Quality of The BTC Loophole Software
Although the the video on Bitcoin Loophole mentions that you will make thousands of dollars, the truth is, there is no guarantee.
The first question an investor needs to ask themselves, before using a trading system is; What are the trade alerts based on? If someone tells you to buy the British Pound ($GBPUSD), is that a good trading idea?
First we should know; When should I buy it? How much should I pay for it? When should I sell it?
We have found multiple versions of this software, and many different websites claiming to be the real one. We checked our email to see how to login to the software, but it just sends us back to the home page.
This tells us that they are most likely a scam!
Warning! Offshore Brokers
A big problem with investing online is that many fake companies setup a website like Bitcoin Loophole, to lure investors into dreams of making millions.
All brokers must be licensed and regulated, in order to provide investing services.
If you invest your money at broker that is not licensed, you will never see it again!
On August 6th, the FCA in England issued this warning.