Bit Index AI Summary
Here is a quick summary of all the important information and features that BitIndex AI provides:
| Platform Type | Automated Trading Bot |
| Supported Cryptocurrencies | BTC, ETH, and altcoins. forex pairs |
| Dept time | twenty four hours |
| minimum deposit | $250 |
What is Bit Index AI?
BitIndex AI is a trading robot that can help you find the best entry and exit prices through its artificial intelligence technology. The bot attempts to make trading user-friendly by assisting traders in identifying potential trading opportunities and connecting them to brokers to place trades automatically. The brokers used by the trading bot are all CySEC-licensed and fully regulated.
With a claimed success rate of over 85%, BitIndex AI can help make a trader’s journey more simple and successful by helping them place a higher percentage of winning trades.
Users of the platform can start within ten minutes after completing KYC verification and making the minimum required deposit. BitIndex AI can be accessed directly from your web browser, and users can monitor all trades via the mobile application provided by their affiliated brokers.
Although the name of the bot suggests that it is just a cryptocurrency bot, traders can also use BitIndex AI to identify and place automated trades within the forex market. Furthermore, the platform allows traders to use extremely high leverage of up to 1000:1.
Finally, it is necessary to note that the bot is free to use, and BitIndex AI does not charge any trading fees or commissions.
Pros:
- high leverage available
- automated trading
- extremely high claim success rate
- free to use
- Works in both crypto and FX
- Multiple payment methods
Shortcoming:
- High Minimum Deposit ($250)
- Not much information available about the founders
How does Bit Index AI work?
BitIndex AI is a fully automated trading system that identifies and executes trades on your behalf. No maintenance is required, but the developers recommend spending at least 20 minutes a day to stay updated with your account.
The bot works by using its sophisticated artificial intelligence to identify potentially winning trades within the market and then places the trades through its partner brokers. BitIndex AI uses a variety of trading strategies and indicators to scrape potentially lucrative trading opportunities within the market. The bot uses traditional technical indicators, such as the MADC and Stochastics, and combines these with social media metrics to identify changes in the current trend.
Once a trade is found, the software sends the entry and exit prices to the broker via API so that it can be executed automatically according to the trader’s risk preferences.
Bit Index AI Key Features
The following section covers some of the key features we found while researching the BitIndex AI homepage:
high success rate
BitIndex AI claims that it has a very high success rate which reaches over 85%. This exceeds the industry standard and can help traders become consistent over the long term. With such a high win rate, traders can expect the bot to deliver enough winning trades to quickly become profitable.
leverage trading
A unique feature of BitIndex AI is that they offer traders the ability to trade through their partner brokers using 1000:1 leverage. This is an extremely high level of leverage compared to derivatives in the cryptocurrency market, which typically only allows traders up to 125:1 leverage.
With 1000:1 leverage, traders can open up to 1000x larger position sizes than using no leverage and enjoy profits from larger position sizes. However, it’s important to remember that leverage is a double-edged sword that can quickly work against you.
Customer Support and User Experience
It is always necessary to know what to do if the software does not work as per the specification. BitIndex AI excels at customer support as they provide a 24/7 help line where customers can contact a representative via email or live chat.
Additionally, user experience is an essential part of any software service. BitIndex AI has gone out of its way to ensure that the platform is straightforward and user-friendly. Traders do not need any experience to use the platform.
ET SpotlightLastly, they make money management very user-friendly as there is no same day withdrawal limit. The Platform will accept deposits via any Visa or MasterCard debit/credit card or wire bank transfer.
CySEC-licensed broker
Security and transparency is something that even BitIndex AI takes seriously. For this reason, the platform is only affiliated with CySEC-licensed brokers controlled by the Cyprus Securities and Exchange Commission.
The regulator is tasked with preventing and investigating fraud within the market. It is also their job to keep the operations of brokers transparent, ensure fair treatment of customers and ensure that their personal data is protected.
Using CySEC-licensed brokers also means that they must meet the European regulatory framework. Regulators’ oversight for CySEC-licensed brokers means traders can be sure that their funds are in reliable hands.
forex trading pairs
BitIndex AI is not just a cryptocurrency trading bot. As with the traditional BTC/USD and ETH/USD trading markets, the bot allows traders to enter positions for unusual currency pairs such as the EUR/Turkish Lira and the US Dollar/Swedish Krona.
bit index ai fees
The best thing about Bit Index AI is that it is completely free to use. The software does not charge any registration fee, license fee, clearance fee, or trading fee of any kind. It also does not charge a commission on any of your winning trades.
However, the software requires you to make a minimum deposit of $250 in their partnered brokerage account. This will serve as your initial trading capital and allow you to use the software.
Is BitIndex AI a scam?
Based on the findings, it can be concluded that BitIndex AI is not a scam.
To begin with, the platform is completely free to use. It does not ask for any registration fee, membership fee or fee for using the platform. Instead, they ask for a small deposit in their affiliated brokerage accounts, a standard industry practice.
Additionally, BitIndex AI has gone above and beyond by choosing to only partner with CySEC-licensed brokers to give traders confidence that their funds are in responsible hands.
In conclusion, the testimonials provided by the team and the independent reviews online are all generally positive for BitIndex AI.
How to Use Bit Index AI
Step 1: Create an account
First, go to BitIndex AI and use their form to create an account;
ET SpotlightOnce registered, BitIndex AI will appoint an account manager who will contact you.
Step 2: Submit the minimum required
After talking to your account manager, you will need to make a minimum required deposit into the account of the BitIndex AI partner broker.
The current minimum deposit amount is set at 250 EUR, and this will act as your initial capital investment to trade. Deposit methods include EUR, GBP, and USD by Visa, MasterCard, or via bank transfer. Alternatively, BitIndex AI also accepts cryptocurrency payments such as BTC, ETH, XMR, DASH and XRP.
Step 3: Use the given demo account
After making a deposit, you need to get to know the platform, and you can do so by using their demo account feature. The demo account will allow you to explore the platform and see how it works before risking any real money. You should be comfortable with being able to set profit targets, stop losses and manage your trading hours.
Step 4: Trade Live
Once you are satisfied with the way the platform works, you can start live trading and risk real money.
conclusion
Trading in cryptocurrency is complicated. This takes a lot of time and effort, and you can expect to lose money in the early stages of the journey. However, a tool like BitIndex AI can make your trading journey more manageable and profitable. The high success rate for BitIndex AI puts it in a league above its competition, and the fact that it doesn’t charge a fee means you have nothing to lose trying out the bot.
Disclaimer – The above content is non-editorial, and The Economic Times disclaims any and all warranties, express or implied, relating thereto, and does not warrant, confirm or necessarily endorse any content. Crypto products and NFTs are unregulated and can be extremely risky. There can be no regulatory recourse for any loss arising from such transactions.