Fact CheckedLast Updated on July 7, 2022 by Alex
Welcome to our BitPremium review and scam investigation. The BitPremium scam software and automated trading app (unrelated to Fitbit) is supposed to be an advanced algorithmic investing platform which uses market data in order to determine or predict optimal trade execution. It is also claimed that BitPremium is “faster” than other signal apps and for that reason the profit margins are higher. Well, we are a skeptical lot so we actually tested this software and invested £250. When conducting our test the broker which was allocated to us was named “CFD Invest”, and it has a registered business address in Sophia Bulgaria. It seems our initial trepidation was justified when we lost our investment in a matter of minutes, only to be subject to a barrage of persistent phone calls from sleazy sales reps with strange accents. So, in light of our personal experience we have decided to blacklist the BitPremium scam app and advise our viewers and members to avoid this latest get-rich-quick scheme. Oddly enough, just before we published our independent review we were contacted indirectly by the scammers who are behind this fake app who asked asked us to actually promote it. We politely refused and advised these anonymous crooks to find someone else who would be willing to stake their reputation by endorsing fraudulent trading software.
BitPremium Complaints: The complaints we received primarily had to do with inability to withdraw existing funds. But we also received grievances related to non-existent software, lack of transparency, and pushy sales reps pretending to be legit Forex brokers. This does not surprise us in the least bit after losing all of our initial investment to this band of thieves. We have decided to expose this latest sham despite ongoing and persistent efforts designed to suppress our opinions by offering us bribes and making indirect threats. So if you are convinced BitPremium is a genuine crypto robot because you read about it in some fake review site or saw an advertisement, we recommend you keep reading our BitPremium review.
Official Website, Login Page, and Members Area: bitpremium(dot)app
BitPremium Review: Full SCAM Exposure With Documented Evidence
Check out the BitPremium main registration area. This is one of those cases where the problem is not about the information which is presented to the viewers, but more about what is missing. There is no mention of what this scheme is about or how it works. You would have to really scroll down and check the details to gather information. And even then it is lacking at best.
And of course, the scammers have to add the fake CNN and BBC corporate news logos which have nothing to do with BitPremium, or for that matter any other fake trading app out there.
We have also identified a second version of this software and added a screenshot of it below. There are multiple BitPremium URLs and the are all claiming to be the official website. In all cases we have inspected we have found all versions or formats of this program to be highly deceptive and particularly misleading.
Below we have the BitPremium “How To” page. It’s quite plain to see that it’s a spinoff of the older Bitcoin Revolution and Bitcoin Era scams which we have exposed here on our website.
They are using the same design, image bank model, and logos. The only thing which has changed is the text and page layout.
Fake BitPremium Testimonials
You can’t have a proper scam without some fake testimonials, and BitPremium has managed to do a proper job of that as well. As you can clearly see in the image below, there is not one single genuine testimonial. They are all completely fabricated, just take a look at the screenshot we have for you below.
Fake BitPremium Reviews
Below you can see a screenshot of a review website which claims it is a “trustworthy” source of information. But as any child can see this website is acting in direct conflict of interest by endorsing and actively promoting fraudulent trading software. This is happening because this website is getting paid to write positive reviews, something which is absolutely horrendous (not to mention extremely deceptive). In reality, this website is acting in collusion with the CFD brokers and facilitating fraud. So don’t believe everything you read and look for tangible facts you can rely on.
Fake BitPremium News
Fake celebrity-endorsements have absolutely become the preferred baiting methods among scammers and various con artists. The staff at CsrAcademcy.Org.UK has exposed many fake news articles which all claim this or that celebrity found a “secret wealth loophole” and is now generating massive amounts of money.
Celebrities which are commonly associated with scams like BitPremium include names like Richard Branson, Gordon Ramsay, Martin Lewis, This Morning Show with Holly and Phil, Bear Grylls, the Dragons’ Den, and Harry and Meghan (partial list).
What Is The BitPremium Scam and How Does It Work?
BitPremium is advertised as a trading robot that performs at a high level of accuracy. According to the sales page BitPremium helps you make significant profits and become financially free! There is also some talk about an “algorithm” which processes market data very quickly and in that way selects only successful trades. In the second version there is talk about and “AI technology” which continually adapts to your trading habits. But is that really the truth? We think not!
BitPremium Review, Looks Can Be Deceiving!
The first version of the BitPremium scam uses a fancy-looking market analysis software which also looks like it trades on demo mode. In reality this is a closed JavaScript container which is disguised as legitimate signals. As you may have already guessed this is just window dressing designed to make this bogus app look more authentic. We have searched both versions of the BitPremium websites with a fine-tooth comb and scrutinized it from each and every possible direction. However, as much as we tried we were not able to find one shred of credible information which would lead us to the conclusion that BitPremium is a legitimate trading app. Below is a short list of the information we looked for and found missing or substantially lacking.
- No back-testing was performed. There is no genuine numerical insights as to the actual performance of this software.
- There is nothing which indicates how the bot looks like or what type of strategies it implements (i.e Stochastics, Bollinger Bands).
- There is no information in regards to the regulatory aspect of this software or any mention of its legality.
- We could not find a product road-map or any social media profile regarding the people who own this software.
- Corporate transparency (and responsibility) is practically non-existent since this scheme is managed by crooks who are completely anonymous.
There are additional issues we spotted which deserve more attention. For example the fact that the email we sent bounced does not bode well, and the “about us” section is copied verbatim from other systems pretty much seals the lid on this odorous can of worms. In short, BitPremium is a sure way to lose your money and join a long list of victims who got scammed.
Is It Free?
Hmm, no. Not by a long shot! The minimum entry fee is €/£250, and as is usually the case in similar situations this money will be charged to your card by the thieving offshore broker which is allocated to your account.
Risks Associated With CFDs
CFD’s or contracts for difference are in effect derivatives or contracts between at least two parties (hence the name). CFD’s are very similar in nature to Forex currency pairs, but offer a more diverse asserts index which includes commodities, stocks, and indices. The truth is that there’s a lot of money to be made with CFD’s but there is also much risk involved, especially when leverage is concerned. But there is no mention of the risk anywhere on the BitPremium site, only the possible benefits and that is a huge problem.
Tested Alternatives That Work
Our research staff goes the extra mile and makes sure every system we endorse generates consistent profits. If for some reason the profit margins start to decrease we immediately rotate the offer our of our list and stop recommending it. If you are searching for a top trading app then look no more!
BitPremium Review, Summary, and Conclusions
The BitPremium scam software and automated trading app is a blacklisted get-rich-quick scheme which is being promoted by various affiliate networks. We have proven without a shadow of a doubt that this trading platform is a piece of rubbish designed to loot your wallet and by doing so generate money for promoters and offshore brokers. If you believe we are mistaken and would like to prove us wrong, please make sure to leave a message below or message us via our contact page.
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