Cryptocurrency Exchanges

BitIQNew Zealand

1.4 (11 reviews)
🇳🇿 New Zealand
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1.4
11 reviews
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About BitIQNew Zealand

BitIQNew Zealand has been flagged by Financial Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Withdrawal blocked indefinitely

F
Felix P.
3 months ago

If you are reading this considering BitIQNew Zealand - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over for over a year has been so bad I feel obligated to warn others. Do not make my mistake.

Pros: Fast support response|Tax reports included|Comprehensive tools|Clean UI

Cons: No live chat on mobile|Email notifications too frequent

Platform freezes when you need it most

W
Wyatt I.
3 months ago

After using BitIQNew Zealand for about three months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Full transparency|Stable platform|Regular updates|Helpful community forum

Cons: Cannot customize dashboard fully

Estate planning support zero

S
Sarah I.
3 months ago

I signed up with BitIQNew Zealand after doing extensive research and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Personal attention|Smooth onboarding

Cons: Website design could be more modern|Account statements could be more detailed

Important information for potential investors

E
Edward V.
4 months ago

For anyone considering BitIQNew Zealand, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.

Pros: Information is publicly available for verification

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

Data breach and they did not notify us

Z
Zoe Y.
5 months ago

I had high hopes for BitIQNew Zealand after my brother mentioned them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Fast deposits|Fast support response

Cons: No phone support on weekends|Minimum deposit could be lower

Did my research - this is suspicious

T
Thomas H.
6 months ago

After seeing ads for BitIQNew Zealand online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.

Cons: Not registered with regulators|Unrealistic promises

Pressure to deposit more

E
Elizabeth X.
7 months ago

After spending for over three years trying to make BitIQNew Zealand work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.

Pros: Easy withdrawals|Regular updates|Dividend tracking|Market news feed

Cons: Withdrawal takes 1-2 business days|Currency conversion fee exists

Closure fee on top of everything

A
Adrian K.
8 months ago

I requested my data from BitIQNew Zealand under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Pros: Segregated accounts|Fast support response|Good analytical tools

Cons: No dark mode on mobile|Limited cryptocurrency options

Total fraud - reported to authorities

K
Karen I.
9 months ago

Tried to withdraw my funds from BitIQNew Zealand and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.

Pros: Professional looking website

Cons: Cannot withdraw funds|Not regulated|Pressure tactics

A masterclass in how not to run a business

N
Nicole M.
10 months ago

My withdrawal from BitIQNew Zealand was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for nearly two years of being strung along.

Pros: Excellent charting|Demo account available|Easy to use platform

Cons: Desktop app not available on Linux