Bitcoin Loophole by Steve McKay is advertised as an automated Bitcoin trading software which generates winning trading signals at an impressive 88% success ratio. Unfortunately for you, if you are reading this Bitcoin Loophole review then it’s highly probable you have stumbled onto some type of fake news advertisement, or alternatively baited by someone with a fake profile on Facebook or Telegram. The truth is that the Bitcoin Loophole scam has been around now for quite a while, but this fraudulent trading platform seems to be particularly resilient to negative publicity. That is because the sleazy crooks pulling the strings behind the scenes and managing this horrendous get-rich-quick scheme are internet-savvy affiliate networks who are collaborating with rogue offshore Forex and CFD brokers. We haven’t even touched the issue of corporate social responsibility and accountability, and that is because Bitcoin Loophole represents the complete opposite. Namely unethical business practices, complete disregard for personal security, and of course total lack of privacy controls with specific emphasis on confidential financial data.
The Bitcoin Loophole scam is really the epitome of the modern financial scam, and in this context our staff and management would like to post an immediate scam alert notification and advise our members and subscribers to refrain from joining this fake automated signals app. It’s also worth pointing out that there are a few versions of the Bitcoin Loophole scam circulating on the internet, but this does not change the outcome and end result. Namely that this system is intentionally designed to execute losing trades and in this way defraud you. We actually started investigating this bogus trading platform after receiving complaints by the dozens, so we were not surprised in the least bit when we uncovered this hornets nest. We were however surprised to find out that despite all the warning and red flags there is a constant stream of viewers and opportunity seekers who can’t resist the temptation and keep falling for the same scam since they don’t bother checking properly.
Official Bitcoin Loophole Website, Login Page, and Members Area: btc-loophole(dot)com
Here is the main sales page and registration area for the Bitcoin Loophole scam. A closer look will reveal that they are offering you a way to “make over $13,000 in 24 hours”.
Moving along, here we have taken the liberty of showing you how the scammers photo shopped a Forbes edition where Ashton Kutcher is featured, and replaced his image with their fake “Steve McKay” image. So no, McKay was never featured on Forbes or Business Insider.
And here we can see the actual smoking gun so to say. A close look at the image below will reveal that the Bitcoin Loophole software is actually a clone and replica of the Bitcoin Code, as well as other scams which are being very aggressively promoted these days.
Fake Bitcoin Loophole Reviews
Here we can see sleazy website who are officially endorsing the fraudulent Bitcoin Loophole scam. One of them is even giving it an overall score of 9.4 out of 10! This is the really sad and probably most dangerous aspect of the scam since we are looking at seemingly legit websites who are saying this trading platform actually makes money, when in reality the exact opposite is the truth.
Bitcoin Loophole Fake News
OK so here is where the cycle starts. In most cases viewers are either bombarded with SPAM email communications, or alternatively exposed to some type of fake news story. The most common fake news ads use the Dragon’s Den cast, and shark tank. But we also have complaints about fake news articles using politicians and celebrities like chef Gordon Ramsay (this morning show), Cyril Ramaphosa, AC Mizal, James Packer, Andrew Forrest, Elon Musk, Richard Branson, Peter Lim, Ant McPartlin, Conor McGregor as well as others.
Bitcoin Loophole App
It’s bizarre (not to mention baffling) to see that Google actually allows the developers of the Bitcoin Loophole Scam app to advertise their thieving software freely. However, if you take a look at the comments before installing the app you will see real people saying they got scammed and why you should avoid it. We also have an official alert from the Financial Conduct Authority saying its a scam, and Peter Jones as well as Martin Lewis saying the same.
What Is Bitcoin Loophole, How Does It Work, and Who Is Steve McKay?
The Bitcoin Loophole is marketed as an automated trading software which “takes advantage of the huge returns offered by minimal Bitcoin investments”. In the sales presentation they claim it works by “staying a step ahead of the charts”. In other words, they are saying it executes trades faster than the competition. Steve McKay is a fictitious entity and we are told he is a “software developer turned investor who wants to teach his techniques to others”.
Bitcoin Loophole Review, Don’t Count Your Chickens Before They Hatch!
Bitcoin Loophole (aka Bitcoin Secret Loophole) is a losing Crypto trading software which has been around for quite a while now as we have already mentioned. Our staff identified multiple or cloned versions of this crypto scam, but essentially they are all designed to do one thing, and that is to get you to invest and lose your money. Your loss is the broker’s gain, hence the conflict of interest and they reason the Bitcoin Loophole scam must be avoided. When the sales presentation begins they immediately start by saying “Over the last 90 days 3 individuals gained true financial freedom from Bitcoin!” But in reality this “revolutionary software” is designed to act as a conduit which transfers money from your wallet to the scammers pocket. So it’s true that the Bitcoin Loophole is the first step to achieving financial success beyond your wildest dreams, but not for you. The affiliate marketers and offshore Forex brokers are the ones making the money, and you are the one paying for their lavish vacations and fancy cars. This type of scam is usually referred to as a profit or revenue share scheme. That means the promoters that refer customers (that’s you) get paid every time you invest. So to answer your question NO, you will not be making $500 an hour if you sign up for this software.
Is It Free?
In some cases it will cost you at least €/£/$250 to get started, but it’s also very possible it may even be twice as much as we are witnessing a change in broker policies and that will affect you directly.
Legitimate CFD Trading Versus Get Rich Quick Schemes
Bitcoin Loophole represents everything which is dirty and bad in online cryptocurrency trading. That being said, there are many legitimate trading systems, Expert Advisors, and signal apps which can actually help you generate money. It’s important to remember that a genuine system will help you choose the best contract rates at optimal settings and as a result help you minimize your risk.
A Few Tested Alternatives
It seems new systems are being launched on a daily basis. Some schemes will take the form of a crypto trading app, while others may offer you an “amazing” way to generate profits by opening a business that runs on auto-pilot and generates profits for you. At the end of the day most of these systems turn out to be flops which are designed to transfer money from you to the scammers. However, once in a while a new software surfaces and that is when we test it. If it passes our screening process and generates profit consistently we add it to our recommended section.
Bitcoin Loophole Review, Summary, and Obvious Conclusions
The Bitcoin Loophole SCAM by Steve McKay is a losing software designed to trick and mislead you into registering with and funding a real-money trading account through an unlicensed offshore broker. The crooks orchestrating this scam are not mild-mannered individuals, nor do they care about corporate responsibility or ethical business practices. They are only interested in fleecing your wallet and getting their affiliate commissions. It is for that reason we have blacklisted the Bitcoin Loophole scam and fake Forex trading app, and are advising our members to avoid it and seek alternative investing opportunities. If you feel we have misjudged or have not provided proper evidence to back up our conclusions, please feel free to share your experience by leaving a message below.