Quantum AI Review 2022 - Is It Legit or a Scam?

Quantum AI
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Quantum AI is a cryptocurrency trading robot that promises traders a leg up in the competitive and volatile crypto market. Its features help traders analyse the market and make profitable trades.

The bot is designed to be easy to use so that non-traders and even crypto novices can leverage its claimed superior algorithm.

Trading bots have become attractive, especially to retail traders as it provides a way to compete with and benefit from the crypto market as the institutions do. In this review, we dive into the Quantum AI trading bot, how it works, its pros and cons, features and benefits, and how to make it work for you.


Quantum AI Summary

Minimum Deposit$250
Fees and Commission0.01%
Claimed Success Rate90%
Supported CryptocurrenciesBTC, ETH, BCH
Deposit and Withdrawals FeesNone
Trading Platform
MT4
Demo Account
Yes
VerificationNo KYC
RegulationsCySEC-Regulated Brokers
Table of Contents

What Is Quantum AI?

Quantum AI is a cryptocurrency robot that leverages AI algorithms to parse market data like price and volume, apply statistical analysis to find relationships between its components, and predict future trends based on the strength of the relationships it uncovers.

These actions result in a higher probability of profitable trades, and Quantum AI promises a 90% success rate, meaning that 9 out of every 10 trades will be profitable.

Who Created Quantum AI?

Like most crypto projects, the creators of Quantum AI are anonymous. However, we know that they are a team of mathematicians, developers, and professionals with years of experience in capital markets.

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 also analyses other components of the market that affect price movements like 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 cryptos. The trading process is done using instruments called contracts for differences (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.

So, 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.

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Pros & Cons of Quantum AI?

Pros

  • 90% success rate
  • Works with other securities outside crypto
  • No KYC is required to begin
  • Works with regulated brokers
  • Automated trading mode great for newbies
  • Adjustable settings allow total customisation for advanced users
  • Trading Forex also available
  • Fully automatic trading bot

Cons

  • The anonymity of founders may be a red flag
  • No KYC gives room for unscrupulous characters
  • The $250 minimum deposit requirement may be too expensive for some users

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. It also does not 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. The demo account is made available after registration.

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 cryptos 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

Because Quantum AI does not require KYC, signing up is quick and easy. You’ll only need to submit an email address, phone number, and name.

Start Trading in 3 easy steps

Open a Free Account

If you live in a jurisdiction that allows the trading of retail contracts for difference (CFDs), you can easily create a Quantum AI account for free. Simply fill in your details on the registration form provided on the project’s website, including your first name, last name, email address and phone number. You will then need to create a strong password to complete the registration process.

Make a Deposit

You will then be transferred to a partner broker, where you will have to submit identification documents if you are not already registered with the broker. Once the KYC process is complete, you can deposit capital through the broker to begin trading with. The minimum deposit allowed is $250 and can be made by bank transfer, credit/debit card or any other payment option the broker supports.

Start Trading

You can find out about setting up your trading account by watching the tutorial video in the trading resources dashboard. Once you’re ready, Quantum AI claims it will use the power of quantum computing to find and recommend what it believes will be profitable trades. You can use this information to start trading straight away. This can be done through the web trader on your desktop or through the Quantum AI mobile app.

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 do not charge for trading, Quantum AI does not 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 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 also get in quite easily. You’ll need to be cautious when interacting with others on the platform, but you should otherwise be fine.

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 it has is its success rate. While not the highest among its peers, it is high enough to place it above other bots like Bit Index AI or 1k Daily Profit.

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?

Although a lack of KYC procedure may be seen as a safety red flag, Quantum AI implements security measures like SSL encryption to safeguard its users’ data. It also stores funds with third-party brokers that are believed to be regulated. If the platform is ever hacked, the attackers won’t have access to user funds.

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 allude that the bot is accurate enough times 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 may 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 it is 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 to rely on the bot’s algorithm to analyse the market, backtest 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?

Can I use Quantum AI in the US?

No

Can I use Quantum AI in the UK?

Yes

Can I use Quantum AI in Australia?

Yes

Can I use Quantum AI in New Zealand?

Yes

Can I use Quantum AI in Germany?

Yes

Can I use Quantum AI in Sweden?

Yes

Can I use Quantum AI in Switzerland?

Yes

Has Quantum AI Ever Appeared On TV?

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?

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.

Elon Musk

The CEO of Tesla is quite active in the crypto space, throwing his support behind projects like Dogecoin. However, he has not publicly voiced support for Quantum AI either in person or on Twitter. 

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 specifically.

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 in particular.

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 a 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 of a plan means you're trading on emotion which always ends in losses. The first and probably most important guideline is your risk management. Once set, always 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 are starting and execute trades to take advantage of them.

Arbitrage Trading

Quantum AI can be programmed to scan the prices of supported cryptos 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 3 major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). However trading is not limited to three securities.

The bot trades CFDs that allow it to pair these three cryptos with major fiat currencies, BTC, and ETH, allowing for over 60 CFD pairs that can be traded.

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 5000:1 leverage facility. This means that traders can borrow up to 5000x 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 - Step-by-Step Guide

To begin your trading journey using Quantum AI:

1. Register for an account on 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.

Signup form for Quantum AI

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, just in case. 

3. Develop a trading strategy

For newbies, stick to simple parameters like entry and exit levels, and stop losses. Advanced traders may go further to develop sophisticated strategies. Your strategy is important as it directs the bot’s actions. Test your strategy in the demo account first before deploying.

Trading Table for Quantum AI

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 overall verdict of Quantum AI

Quantum AI helps users automatically trade cryptos using AI-powered algorithms. The bot trades crypto CFDs which are contracts that pay the difference between its open and close price.

The bot stands out from the competition in its multi-asset feature, Quantum AI can be used to trade commodities, currency pairs, and stocks at a 90%success rate, which is quite high.

Its beginner-friendly user interface, suped-up 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 do not already have one. While the bot does not 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.

Frequently Asked Questions

What are quantum computers?
Quantum computers are devices that harness the properties of quantum physics to store data and carry out calculations. While a regular computer or a supercomputer has to consider possible combinations one at a time, a quantum computer can consider them simultaneously, meaning it can reach the answer to a difficult problem much, much faster.
How does Quantum AI use quantum computers?
According to the website, the quantum computer constantly and simultaneously analyses the differentials between market prices to find the most profitable trades and then suggests them to the user.
Where do trades take place?

The trades will take place on a regulated partner broker that Quantum AI will link you to.

What can you trade with Quantum AI?
The robot apparently allows you to trade CFDs on crypto, stocks, forex, commodities and indices.
What is Quantum AI?

Quantum AI is a cryptocurrency trading robot that uses AI algorithms to analyse crypto prices and make profitable trades on your behalf.

What are the risks associated with using Quantum AI?

Trading involves risk. Trading with bots, even more so. There is always a risk of the algorithm being wrong which could lead to significant losses. There are also external risks like unexpected news and events.

What is the minimum deposit amount for Quantum AI?

The minimum deposit amount for Quantum AI is $250.

How much money can I make with Quantum AI?

Technically, limitless amounts. Your success depends on the bot’s accuracy as well as your trading strategy and risk management policy.

Is there a Quantum AI app?

No there isn’t a Bitcoin AI trading app. The bot operates as a cloud-based application that connects the trading terminal provided by brokers. If you're looking for apps check out our full Best Crypto Apps guide.

What fees do I pay to use Quantum AI?

The only fee Quantum AI charges is the 0.01% trade commission. Their affiliated brokers may charge you so you’ll have to check with them.

Is Quantum AI Legit?

We have found that the trading software is legit

Disclaimer: All testimonial photos are stock imagery and do not represent the people behind the feedback.