Quantum AI Review 2024 - Is it Legit or a Scam?

Quantum AI Summary

What is Quantum AI?

Quantum AI is an automated cryptocurrency trading robot that leverages AI algorithms and takes the complexity out of CFD investing. Users can either set their own parametres and adjust their stop loss limits based on their trading strategies or they can use the algorithm to make trades for them.

Quantum AI looks at market data such as price and volume and applies statistical analysis to determine relationships between its components. It then predicts future trends based on the strength of the relationship it uncovers.

These actions result in a higher probability of profitable trades, and with Quantum AI promising a 90% success rate, this means 9 out of every 10 trades will be profitable.

However, with the intention of creating profit for investors and reducing the barrier of entry for newbie traders, it’s important to monitor your trades and understand the risks involved, as with any trading bots.

Who Created Quantum AI?

The creators behind Quantum AI have chosen to remain anonymous, so it’s difficult to verify who the founders or team behind the platform are. However, it’s believed that they are a team of mathematicians, developers, and professionals with years of experience in capital markets.

While it’s common among crypto trading bots not to reveal the founders or team members, this might be an issue for some investors. Knowing the team can greatly improve a platform’s credibility, boost transparency, and help build trust.

How Does Quantum AI Work?

Quantum AI uses statistics and the power of AI-powered computation to analyse crypto prices as discrete variables and establish strong relationships between them.

The algorithm looks at other components of the market that affect price movements such as volume and momentum. Price usually has a positive or negative relationship with these components.

After analysing these relationships and uncovering recurring patterns, the bot then applies them to crypto. The trading process is done using CFDs that allow the bots to open trades in long and short directions.

With CFDs, you do not buy or sell the underlying crypto. Instead, you own a contract that states that the difference between the open and close price of the contract will be paid to the party that anticipates the correct price movement.

For instance, if you open a long contract and the price of the underlying crypto rises, you will be paid the difference between the opening price and the closing price of the contract. If the price falls, you will pay the difference.

5 Key Features of Quantum AI

Multi-Asset Support

Unlike many other crypto trading bots that are locked to trading crypto CFDs, Quantum AI can also be used to trade currency pairs, commodities, and stocks. Its algorithm allows it to analyse any type of market and remain profitable.

Demo Accounts

Quantum AI allows its users to practise with demo accounts for free, and doesn’t require traders to deposit money into their accounts beforehand.

Newbies can try their hands at using the trading bot without risking real money while advanced traders can develop new trading strategies. To access the demo account, you’ll need to register first.

Adjustable Settings

Quantum AI has an automated mode that analyses and executes trades without human intervention. However, it also has a customised mode where users can program it to do new and specific activities that may not be included in the automated mode.

Number of Crypto CFDs Available

While Quantum AI only supports three cryptos, it offers up to 60 crypto CFDs derived from the combination of these cryptos as well as pairs with major currencies. Traders have various options and trade opportunities.

Easy Sign Up

Quantum AI doesn’t require KYC information, meaning you can sign up quickly and easily. You’ll only need to submit an email address, phone number, and name. However, you’ll need to submit KYC information with any of the brokers you sign up with.

Factors to Consider Before Using Quantum AI

It is important to assess the real-world working conditions of trading bots before signing up and transferring funds. Here’s how Quantum AI stacks up:

Cost and Fees

Quantum AI charges a 0.01% commission on each trade regardless of the outcome. While this may be considered expensive compared to several competitors that don’t charge for trading, Quantum AI doesn’t charge for anything else.

Ultimately, if your trading strategy is solid, you may end up paying less in fees than if you used a bot with withdrawal fees commonly seen in other bots.

Accuracy

Quantum AI has a claimed success rate of 90%. This means that 9 out of every 10 trades are accurate. It should be noted that this success is claimed and should not be taken at face value as its accuracy level is rare even among institutional investors.

Nevertheless, reports show that the bot beats most novice traders in automatic mode, which is good enough for newbies while advanced traders can program it to meet their needs.

Deposit and Withdrawal Limits and Methods

The minimum deposit amount for Quantum AI is $250. Luckily, there are no maximum deposit limits or withdrawal limits. Also, the minimum deposit doesn’t apply to position sizes. You can trade positions much lower than $250.

For payment channels, the platform supports bank transfers and credit card payments in major fiat currencies.

Verification System

You don’t need to pass KYC to use Quantum AI, making signups straightforward. However, that also means that bad actors can get in quite easily. Because of this, it’s important that you’re cautious when interacting with others on the platform.

Customer Service

Customer support on Quantum AI is said to be available 24/7 via email and an online form. However, some reviews have reservations about the quality of support.

Affiliated Brokers

Quantum AI partners with regulated crypto brokers around the world. Users are allocated brokers in their region when signing up, allowing the bot to provide localised services. The brokers claim to be regulated by the Cyprus Securities and Exchange Commission (CySEC), however, you may want to double-check to be sure.

Payments Methods on Quantum AI

Deposits on Quantum AI can be made in major fiat currencies like EUR, GBP, JPY, and AUD through credit and debit cards, and bank deposits.

How Does Quantum AI Compare to Other Automated Cryptocurrency Traders?

Quantum AI stands out from the competition in its ability to trade securities beyond crypto. Most of its competitors lack this feature. Another advantage is its success rate.

While not the highest among its peers, it’s high enough to place it above other bots. Here are some alternative trading robots you can review:

• Immediate Momentum: This platform is a great option for traders who want access to both the crypto and forex markets
• BitIQ: This crypto trading bot supports several cryptos and is great for traders who want several crypto CFD options to choose from
• Immediate Edge: This bot has one of the widest global reach as it serves users in more than 150 countries
• Bit Index AI: An AI bot that uses machine learning to achieve highly profitable trades
• 1k Daily Profit: A bot that’s geared toward new traders

Is Quantum AI a Legitimate Autotrader?

Our method of measuring Quantum AI’s legitimacy involved finding online testimonials from users about the product and customer service.

User Testimonials

User testimonials have both good and bad components as some were sceptical after using it for a while. However, trading bots usually come with a lot of controversies as they are risky. Overall, with the right strategy, some users were able to make a profit.

Customer Service

Some reports online claim that Quantum AI’s customer service is unreliable. However, we believe this is on a regional basis. We found that more popular geographical regions generally receive better customer service than lesser known ones.

Is Quantum AI Safe?

Quantum AI claims that it implements security measures such as SSL encryption to safeguard its users’ data. However, while it stores funds with third-party brokers that are believed to be regulated, it also shares information with third parties.

One point that may be an issue with potential investors is its lack of KYC requirements. If there’s no need to provide this information, it opens the door for anyone to use the platform. Consequently, traders are required to understand the potential risks and follow due diligence measures.

You will need to submit KYC with any of the brokers you sign up with.

Reasons to Use Quantum AI for Trading

90% Success Rate

Quantum AI’s success rate is one of its most popular features (along with its multi-asset support). While we did not test these claims, online user stories claim that the bot is accurate enough to be profitable with the right parameters.

Full Customisation

Quantum AI is programmable. Advanced users can change the bot’s setting to perform specific tasks that might not have been programmed in the automated mode. They can also develop and deploy complex and intricate trading strategies.

24/7 Trading

The Quantum AI bot will run as long as its programmed to, allowing users to trade foreign markets even when they sleep.

User-Friendly Interface

Beginners aren’t left out with Quantum AI as the bot is beginner-friendly. Its automated mode allows newbies to plug-and-play simple strategies. The algorithm does the heavy lifting of analysing the market and executing profitable trades.

What is the Best Way to Trade With Quantum AI?

When using Quantum AI for the first time, keep it simple. Focus on setting good entry and exit levels and implementing good risk management policies via stop loss.

If you plan on relying on the bot’s algorithm to analyse the market, back test it to ensure it works properly. And if you intend to develop a more sophisticated trading strategy using indicators, ensure it works by first testing it in the demo account.

Can I Use Quantum AI in my Country?

Has Quantum AI Ever Appeared On TV?

Unlike other crypto trading bots, Quantum AI has not been linked to any TV shows or media houses. During our research, we looked at the following to determine this:

Dragons Den

This UK show features business owners who pitch their ideas or existing businesses to rich entrepreneurs in a bid to get funding. Over the years, several people have pitched ideas and businesses, however, none from Quantum AI.

This Morning

This magazine lifestyle, cookery, fashion and news show hosts several guests, many of them business owners and professionals. However, we did not find any episodes where a representative from Quantum AI was featured.

Shark Tank

This entrepreneurship show in the US features upcoming business owners who pitch their ideas to a panel of business tycoons (called Sharks) for funding and support. There have been several tech businesses on the show, but none from Quantum AI.

Has Quantum AI Ever Been Endorsed by a Celebrity?

Celebrity investments are a great way for many platforms to gain popularity. Over the years, Quantum AI has had celebrities linked to it, but these have been based on false information. Looking to other celebrities, we worked to determine if there were any connections.

Quantum AI Elon Musk?

The CEO of Tesla is quite active in the crypto space, throwing his support behind projects like Dogecoin. However, while there were rumours that Quantum AI received an endorsement from Elon Musk, this is false. Neither has he voiced support for Quantum AI in person or on X.

Gordon Ramsay

The popular celebrity TV chef owns a restaurant and a show that focuses on food and cuisines. He does not speak publicly about crypto, hence, claims about Gordon Ramsay endorsing Quantum AI are false.

Mark Cuban

The billionaire and Shark Tank investor is knee-deep in the crypto industry. He has invested in crypto firms and publicly advocates for their adoption. However, he has never voiced support for Quantum AI.

Trevor Noah

The popular comedian-turned-talk-show-host has talked about crypto and NFTs on the Daily Show. However, we found no evidence that he endorsed or talked about Quantum AI.

Peter Jones

The Dragon’s Den panellist is known to dabble in and fund tech projects and companies. However, we didn’t find any evidence that he endorsed or funded Quantum AI.

Bill Gates

The popular tech billionaire is known for his aversion to crypto. He has not thrown his support behind any crypto project in the past and the same holds for Quantum AI.

Snoop Dogg

The American rapper is deeply involved with NFTs and the crypto multiverse, even to the point of hosting a concert on a blockchain. However, Quantum AI is not one of the projects Snoop has been involved in.

Tips for Using Quantum AI Safely and Managing Risk

Always Save Profits

Make a habit of saving or taking out profits from the platform. The crypto market is volatile and trading bots more so. Flash crashes and unexpected events could rattle the market and cause losses. When you save profits, you have something to fall back on.

Start Small

Never use your savings or entire capital to trade. Start with the minimum deposit of $250 and open trades with even smaller amounts. As you get the hang of the platform and improve, you may increase your capital while always taking out profits.

Trade with a Plan

You should have guidelines that focus your trading. A lack planning means you’re trading on emotion, which always ends in losses. The first and probably most important guideline is your risk management. Once set, follow your policy as it will save you from blowing through your capital.

Trading Strategies and Algorithms

Automated Trading

Quantum AI’s automated mode trades around the clock, allowing users to take advantage of the never-closing crypto market. You can deploy strategies that run when you are asleep or at work with minimal supervision, provided you set your parameters properly.

News and Trend

Quantum AI also trades news events. The bot can identify significant price movements as they’re starting and execute trades to take advantage of them.

Arbitrage Trading

You can program Quantum AI to scan the prices of supported crypto across various exchanges and take advantage of price discrepancies.

Quantum AI Markets, Assets, and Options

What Assets Can You Trade Using Quantum AI?

Quantum AI supports three major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). However trading is not limited to three securities.

The bot trades CFDs, allowing it to pair these three cryptocurrencies with major fiat currencies, BTC, and ETH, giving you the option to trade over 60 CFD pairs.

Quantum AI also trades forex pairs, commodities, and stocks. Its algorithm is programmed to adapt to various market structures and conditions. All securities offered are CFDs of the underlying assets.

What Leverage Trading Options Are There with Quantum AI?

According to its website, Quantum AI offers a maximum 5,000:1 leverage facility. This means traders can borrow up to 5,000x their capital to make trades. This is above the recommended leverage ratio even for experienced traders. Users are advised to trade cautiously.

What Are the Spreads on Quantum AI?

Quantum AI does not state its spread on its website; however, it charges a 0.01% trading fee for every trade executed.

How to Use Quantum AI: A Step-by-Step Guide

To begin your trading journey using Quantum AI:

1. Register for an Account on the Quantum AI Platform

You’ll need an email address, phone number, and full name to create an account. KYC is not compulsory when signing up.

2. Complete the Registration Form

After creating an account, Quantum AI will refer you to a partner broker. While Quantum AI does not require KYC, its broker partners do, so have your ID card and utility bill close by. Some brokers require proof of funds like a recent bank statement.

3. Develop a Trading Strategy

If you’re new to trading, stick to simple parameters like entry and exit levels, and stop losses. If you’re an advanced trader, you may want to go further to develop sophisticated strategies. Your strategy is important as it directs the bot’s actions. A great way of testing your strategy is in the demo account first before going for the real thing.

4. Make a Deposit

The minimum deposit requirement is $250 via bank transfers or credit/debit cards. Once you deposit funds, you may start trading.

Our Verdict of Quantum AI

Quantum AI is a good tool to use as it helps users automatically trade cryptos using AI-powered algorithms. For traders seeking crypto CFDs, the Quantum AI bot trades these, which are contracts that pay the difference between its open and close price.

Aside from its AI-powered algorithms, the bot stands out from its competitors because of its multi-asset feature. We really like that Quantum AI can be used to trade commodities, currency pairs, and stocks at a 90% success rate.

Its beginner-friendly user interface, powerful algorithm, automated mode, and customisable settings make it a strong contender for both newbies and advanced traders.

To begin using Quantum AI, you’ll need to create an account both with the platform and with one of their partner brokers, if you don’t already have one. While the bot doesn’t require KYC, their brokers do, so you’ll need an ID card, utility bill, and recent bank statement.

After registering, you’ll need to transfer at least $250 to your account to begin using the bot. In the meantime, you have access to a demo account to test your strategies with real market data.

Alternatively, if you’d rather rely on other reputable trading bots, there are several options. Consider reading our reviews on Bitcoin Prime, Bitcoin Motion, and Bit Index AI.

Review Methodology

We review crypto robots by aggregating various tests, reviews, and testimonies across the web, allowing us to give you a balanced view that accounts for multiple perspectives. Check out our ‘why trust us’ and ‘how we test’ pages for more information on our testing process.

We are aware that the internet is full of false testimonies: there are several purported trading robots out there that are, in fact, scams. For this reason, we find it important to compare information from across the internet in our Quantum AI review.