HomeRobotsQuantumAI

QuantumAI Review 2021 - Is It Worth It?

Trading robots are growing in popularity with crypto traders everywhere. QuantumAI takes automated trading one step further by introducing quantum computers into the mix. According to the website, QuantumAI uses its own quantum computing machine to help traders make better trading decisions, thereby increasing their profits. 

The project makes some pretty bold claims about how much profit users can make and has the ambitious stated aim of ending poverty. But is QuantumAI really legit or are its promises too good to be true?

This review aims to answer that question and much more besides.

What is QuantumAI?

QuantumAI claims to set itself apart from other trading robots through the use of quantum computers. While standard computing involves considering things in sequence, quantum computers can evaluate thousands of decisions simultaneously, meaning they can get to the right answer far quicker. According to the website, QuantumAI uses this technology to analyse price differences every nanosecond and make predictions.

Register Now With QuantumAI

Who Created QuantumAI?

The project claims to be the brainchild of Elon Musk and the website incorporates a purported speech from the Tesla CEO in which he describes applying quantum computing to trading. 

This might not seem like too big a leap as Musk was one of the founders of the artificial intelligence research laboratory OpenAI and has long shown an interest in cryptocurrencies. However, our extensive research suggests that there is no link between Elon Musk and QuantumAI.

Apple, Facebook and Google have also been credited with involvement in the creation of the trading robot, while IBM, Microsoft and OpenAI are listed as partners on the project website, but these claims are also unsubstantiated.

Start Trading in 3 easy steps

1. 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 QuantumAI 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.

2. 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.

3. 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, QuantumAI 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 QuantumAI mobile app.

Register Now With QuantumAI

Pros & Cons of QuantumAI?

Pros

Low fees: You will be charged just a 2% commission on profitable trades and nothing on losses.
Availability: The software can be used on computers with a range of browsers, as well as on Android or iOS devices.
No experience needed: The quantum computer does the work of finding what it believes to be the best trades so you don’t have to.
Customer support: You can talk to a consultant about any issues at any time by phone, email or chat.

Cons

Minimum deposit: You will have to deposit at least $250 to start using the software, with no demo account or option to try it out for free first.
Misinformation: There are many spoofed versions of the website and many people and companies that have been linked with the project had no involvement.

Key Features of QuantumAI

Payouts

The website displays regular and significant gains for its users and claims the robot can make a profit of $1,500 in five hours. The purported Musk speech also alleges that QuantumAI makes profitable trades with a success rate of 91%. These figures are, however, unusually high and after some scrutiny, we believe users are unlikely to achieve gains on this level.

Verification System

Creating an account is fairly simple with QuantumAI. You’ll have to fill in your details on the registration form and create a password. After that, you’ll be directed to a partner broker where you will need to submit identity documents to complete the KYC process and authenticate your account.

Withdrawal Process

The withdrawal process is likewise straightforward. According to the website, users can withdraw any amount of funds at any time and the withdrawal will be processed in a matter of hours. Up to 10 free withdrawals are allowed each month.

Costs and Fees

There is a minimum deposit of $250 to start using QuantumAI. After that, the software charges a 2% commission on profitable trades, while there are no fees imposed on trades that incur a loss.

User Testimonials

A banner on the QuantumAI website shows regular gains made by apparent users of the software. What’s more, the robot has 4.4 stars on Trustpilot, with many reviewers praising its service and profitability.

Customer Service

The QuantumAI customer support team is available at all times and can be contacted by email, telephone or live chat. There is also an FAQs section to provide answers to common queries.

Affiliated Brokers

Users will be connected with a partner broker, through which the trades are executed. A range of brokers from around the world are available to QuantumAI users, all of which are regulated and reputable.

Is QuantumAI Legitimate?

There is certainly a lot of misinformation about QuantumAI on the internet, with many famous people and companies being linked to the project without any evidence. The robot makes trades through regulated partner brokers and the many positive reviews and testimonials online suggest users are happy with the project.

It’s worth noting, however, that the field of quantum computing is still very much in its infancy, so we’re likely a long way off from this technology being usefully applied to most areas—including finance. The quoted figures for QuantumAI’s profitability are also likely unachievable for most users.

5 Reasons to Use QuantumAI for Trading

Save time

Automating your trading means you don’t have to monitor the market yourself, meaning you’ll have more free time for other things. What’s more, quantum computers can solve problems far faster than the human brain or regular computers.

Avoid repetitive tasks

Market analysis can sometimes involve doing the same thing over and over, which can get boring. With a trading robot, however, you can leave the dull tasks to the software, which can carry them out repeatedly for as long as you want.

Employ complex strategies

You might struggle to understand and implement complicated strategies when trading manually, but when using a trading robot, the algorithm does all the complicated calculations for you.

Find the best trades

It’s impossible to analyse all the available information, which means most people miss out on the best trading opportunities. But quantum computers can analyse thousands of options simultaneously to find out which is best.

Avoid emotional decisions

Letting emotion influence your trading can result in losses, but it’s difficult for humans to avoid. That’s why computers can make better trading decisions—their decisions are only influenced by the data.

What’s the Best Way to Use QuantumAI?

Those used to trading manually may find a trading robot great for automating their activities and speeding up the whole process, while those new to trading can broaden their knowledge by watching how the robot works. Manual trading on a CFD or exchange platform can be difficult, but trading robots simplify the procedure.

Has QuantumAI Ever Appeared On TV?

Dragons’ Den

This programme sees five wealthy business tycoons listen to pitches for new products before deciding whether to invest. Although some people have linked QuantumAI with Dragons’ Den, our investigation concluded that the trading robot has never been pitched on the show.

CNN

This US cable television channel broadcasts breaking news and the latest stories in politics and business. An article shared online appeared to show a screenshot of Elon Musk giving an exclusive interview to CNN about founding QuantumAI. However, our careful research suggests that this has been faked.

Has QuantumAI Ever Been Endorsed by a Celebrity?

Elon Musk

The Tesla and SpaceX CEO has been named as the founder of QuantumAI, which may seem believable given his interests in cryptocurrency and advanced technology. Upon closer inspection though, we have found no connection between Musk and QuantumAI.

Jeff Bezos

The entrepreneur and computer engineer is best known for founding Amazon. Although the QuantumAI website lists Bezos as an advisor, our careful analysis suggests he has no links with the project.

Bill Gates

American business magnate and philanthropist Bill Gates was a co-founder of Microsoft. He is also listed as an advisor on the QuantumAI website, but our extensive research found this to be untrue.

Sundar Pichai

Indian-American businessman Sundar Pichai serves as the CEO of Google. A purported news article claimed that Pichai was stepping back from Google to work on QuantumAI, but after a thorough investigation, we found this article to be fake.

5 Ways you can Maximise Success with QuantumAI

While success is never guaranteed with any trading robot, there are certain things you can do to make the most out of it.

Start Small

It’s a good idea to start with the smallest amount possible when you begin trading. You don’t want to risk a lot of money while you’re still learning the ropes so it’s better to build your capital gradually.

Save Some Profits

When you make a profit, it can be tempting to put it all back into your trading strategy. However, this means that one bad trade could erase all your good trades. As such, it may be pertinent to withdraw some of your profits, though you can still grow your trading capital gradually at the same time.

Follow the Advice of Experts

If you’re just starting out, you’ll still have a great deal to learn, and a good source of information is experienced traders. Many provide insights on social media—just be sure to check their credentials before making any trades based on their advice.

Keep a Record for Tax Purposes

It’s easy to forget when you start making profits that you’ll one day have to pay tax on them, but this is a universal truth. To make things easier for yourself when it comes to declaring profits, it’s best to keep detailed records of all your trades.

Only Invest what you can Afford to Lose

Remember that no matter how good your strategy or robot is, there is always an inherent risk in trading cryptocurrencies. To be on the safe side, it is therefore important not to invest any amount of money that you cannot afford to lose.

Our Conclusion: QuantumAI

To sum up, QuantumAI claims to use the power of quantum computers to analyse the markets and find the most profitable trades. There is a lot of misinformation about the project and its claims about how much money can be made seem too good to be true. Despite this, there are a lot of positive testimonials online from apparently satisfied customers.

There is no doubt that automated trading can provide many advantages over manual trading for new and experienced traders alike. This is why trading robots such as The News Spy, Bitcoin Madrid and Q Profit are becoming increasingly popular.

Haven't found what you're looking for?

View more at the Robot Hub page

Frequently Asked Questions

  1. 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.

  2. 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.

  3. The trades will take place on a regulated partner broker that QuantumAI will link you to.

  4. The robot apparently allows you to trade CFDs on crypto, stocks, forex, commodities and indices.

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

We use cookies to personalise content & ads, provide social media features and offer you a better experience. By continuing to browse the site or clicking "OK, Thanks" you are consenting to the use of cookies on this website.