BTC Loophole is a viral Crypto trading software, that has been scamming investors since it launched at the end of 2017. 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 Crypto broker, are known financial fraudsters.
BTC Loophole Investigation
The trading software that BTC Loophole claims to provide is either; non-existent or at best a random trading software. 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 BTC Loophole shows you the crypto coin (BTC, Litecoin, Stellar) 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 robot.
The BTC Loophole Scam
Although the the video on BTC Loophole mentions that you will make thousands of dollars, the truth is, there is no guarantee. The first question a new investor must ask themself, 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 all claiming to be the authentic BTC Software. We checked our email to see how to login to the software, but it just sends us back to the home page. You can read about the email scams on TechCrunch.
Even the FCA (Financial Conduct Authority) in the United Kingdom warned investors to stay away, read this.
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 BTC 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!