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

Our Investigation Result: Qumas AI is legit!

Having undertaken extensive research, we can assume that Qumas AI may well be a legitimate crypto trading platform. All claims made by the platform appear to be verifiable.

If you are interested in signing up to Qumas AI for free, then use the link below to get started:

Qumas AI Summary

What Is Qumas AI?

Qumas AI is a London-based startup that launched its automated cryptocurrency trading platform in early 2018. The company has gained quite a bit of traction in the investment community because of its artificial intelligence (AI) algorithm that allows it to trade cryptocurrency more efficiently than most other platforms.

The company is registered with the Financial Conduct Authority (FCA), a well-respected financial regulator in Europe. This adds an extra layer of security for users who may be hesitant about using the bot.

Qumas AI’s algorithms scan the crypto market for distinct patterns, conditions, and correlations between different aspects of price. It then uses these insights to predict the market’s behaviour.

Who Created Qumas AI?

No one knows who created Qumas AI, but a few theories are floating around. Some say that it was created by a team of programmers, while others believe that it was the work of a single individual.

We couldn’t find any information online about the creators of Qumas AI, and the founding team is not mentioned on the official website. While anonymity is common among crypto founders, you should proceed cautiously when using Qumas AI.

How Does Qumas AI Work?

According to its website, Qumas AI uses its proprietary algorithm to analyse cryptocurrency markets and identify potentially profitable trades.

Intricate details of how their algorithm works are kept secret as it is the key to the bot’s success, however, they say that it uses technical indicators like Relative Strength Indicator (RSI), Average True Range (ATR), and Moving Average Convergence Divergence (MACD) to predict trading patterns before they happen.

The platform also claims to use fundamental analysis to predict profitable trades by forecasting price changes based on sentiment analysis obtained from social media and news headlines. This is noted as a pattern, which feeds into the platform.

Qumas AI will then send a trading signal to its users when an opportunity is identified. These signals include stop loss and take profit levels so that Qumas AI can effectively manage your risk.

All of these trades take place through the Qumas AI platform. The tool offers the option for traders to manually execute trades, however, the automated version is much more popular as the algorithm works 24/7 and can react to indicators quicker than a human being.

The manual version, however, does give traders more control over what setups they execute.

Qumas AI mainly focuses on the Forex and Cryptocurrency markets. It is capable of trading Bitcoin, Litecoin, Ripple and Ethereum CFDs.

Pros & Cons of Qumas AI

5 Key Features of Qumas AI

Dedicated Account Manager

The customer support team at Qumas AI are one of the platform’s best features. They are available to help 24/7, which is incredibly helpful for newbie investors who may need more support when using the platform.

On top of this, Qumas AI provides each user with a dedicated account manager to assist with any queries or problems. You can get in touch with the customer service team via web chat or email.

Demo Account

Qumas AI’s trading platform comes with a free demo account which allows users to “paper trade” and simulate trades, using real market data, without risking capital. The most important aspect of this feature is that it allows new investors to see how Qumas AI works and learn how to use the platform.

Once users are comfortable with the platform, they can trade using a live account.

Leverage Trading

Qumas AI offers its customers leveraged trading, which will allow them to increase their stakes in trades by employing leverage of 1:100 when investing in the crypto market.

Note that leverage carries substantial risk as both profits and losses are magnified. You are using the trading system to leverage a volatile asset.

Advanced Trading Terminal

The cryptocurrency trading bot features a fully customisable dashboard. Experienced traders who wish to manage their trades manually can choose which signals to use.

However, if you’re a beginner, you can use the automated trading option that relies on the AI’s trading patterns.

Security and Regulation

Qumas AI says that it prides itself on its security. The platform has never been hacked and users have never had their funds compromised. This is because the system uses high-level encryption to protect user funds.

Factors to Consider Before Using Qumas AI

Before signing up for Qumas AI, check that its processes don’t negatively affect you. We’ve analysed several performance categories of Qumas AI, to give you a clear representation of how the platform performs in action.

Cost and Fees: 4/5

Traditional cryptocurrency platforms usually charge various fees like transaction fees, sign-up fees, hidden costs and more. However, with Qumas AI, you don’t have to worry about this as the platform offers a free trading experience (besides your deposit).

Payouts: 4/5

Withdrawals are processed quickly, usually within 24 hours. All you have to do is fill out a withdrawal request, and your payment should arrive the next day.

Verification: 5/5

ID verification is essential when creating a Qumas AI account. You’ll need to provide identity and address documents to verify your account upon registration.

Customer Service: 5/5

Customer support on Qumas AI is available 24/7 via email, calls, and web chat. Agents are on standby to help set up your account and fix any issues you may face.

Deposit and Withdrawal Limits and Methods: 4/5

To begin using Qumas AI, you’ll need to deposit a minimum of $250. You can deposit using credit cards and bank transfers. Minimum deposit limits only apply to deposits, there are no withdrawal limits.

How Does Qumas AI Compare to Other Automated Cryptocurrency Traders?

Qumas AI is one of several crypto trading robot platforms on the market right now. Some others offer a crypto-focused service, whilst others trade in multiple markets.

Here are some alternative trading robots worth noting:

• Bitcoin Code: This crypto trading platform is one of the more popular options, and it allows you to explore opportunities in the Bitcoin market.

• BitIQ: This crypto trading bot supports deposits in multiple fiat currencies and trades all sorts of cryptocurrencies if you are looking to explore more options than Bitcoin.

• Ethereum Code: This bot is designed to work solely with ERC-20 coins on the Ethereum blockchain

• Oil Profit: This auto bot focuses on the commodities market and will look to execute profitable trades in the oil market.

Research the various trading bots on the market properly, so you can make an informed decision on which one is right for you.

Is Qumas AI a legitimate Autotrader?

Qumas AI appears to be a legitimate autotrader that offers its users a free trading experience, quick payouts, and security. The platform has never been hacked and users have never had their funds compromised. Qumas AI also compares favourably to other automated cryptocurrency traders on the market.

Is Qumas AI Safe?

Qumas AI claims to be able to help traders make profitable trades through their AI-driven algorithm. Users can choose to disallow Qumas AI from making trades automatically on their behalf, keeping them in full control of their funds.

It appears that most traders have earned some money and have had a positive experience with the platform.

5 Reasons to Use Qumas AI for Trading

Trade Automatically

Qumas AI is a fully automated trading bot that scans the market for profitable opportunities and executes trades on your behalf. It does not tire or become disoriented, so you can run your strategy even while asleep. And because crypto markets are always open, you have more opportunities to make a profit.

User-Friendly Interface

Qumas AI has a user-friendly interface that is easy to navigate, even for beginners. 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.

88% Success Rate

The robot uses sophisticated algorithms and scanning technologies to locate the best trades in real time. This is why its success rate is 88%.

Full Customisation

Qumas AI offers a wide range of features and settings that you can customise to suit your individual needs. 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 trading strategies.

Secure

The robot is completely secure and trustworthy and has been tested and proven to be reliable and effective. It complies with the industry’s best practices to prevent data breaches and keep your personal information and funds safe against malicious elements like hackers.

What is the Best Way to Trade With Qumas AI?

If you’re a beginner to crypto trading, then the safest way to start trading is with the Qumas AI demo account. Spend time familiarising yourself with the UI, how trades are executed, how to manage your risk, and how to implement trading strategies.

When you’re confident enough to exit the demo mode, you should make use of the automatic trading features that Qumas AI has to offer. This automatic mode relies on the algorithm which you would have already used to test strategies.

A strategy involves setting certain limits that you’re comfortable with and specifying trading preferences in the tool, and Qumas AI will do the rest.

Has Qumas AI Ever Appeared On TV?

Qumas AI has not yet appeared on TV, but this could soon change. The company is a rising star in the world of automated cryptocurrency trading, and its products are gaining popularity among traders all over the world.

There are many sites which claim that the auto-trading bot has appeared on several hit US & UK shows. However, we couldn’t find any evidence of this being true.

Has Qumas AI Ever Been Endorsed by a Celebrity?

Jeremy Clarkson

Jeremy Clarkson is a British TV show host and presenter known for car shows, most notably Top Gear and The Grand Tour. Our research did not find evidence of him endorsing Qumas AI.

Idris Elba

We also came across claims that popular actor, Idris Elba, used the crypto trading platform to make profits. However, once again, we found no evidence to support these rumours.

Nicole Kidman

Rumours arose that Nicole Kidman used Qumas AI to profit from the crypto market. However, our investigations show that the A-list movie star does not use Qumas AI to trade the crypto market.

Trevor Noah

Trevor Noah is said to have supported Qumas AI. However, while he has talked about cryptocurrency on The Daily Show, we found no evidence to support this rumour.

5 Tips for Using Qumas AI Safely

Be Well Informed

Do your research before signing up with any automated cryptocurrency trading platform. Make sure to read reviews and compare different platforms to find the one that best suits your needs.

Don’t Risk Too Much

Only invest what you can afford to lose. Remember, there is always risk associated with investing in cryptocurrencies, so don’t put all your eggs in one basket.

Learn about cryptocurrency

Take the time to learn more about the crypto market. Major events like token unlocks or new centralised exchange listings could significantly affect the price of cryptos. Learning more about crypto puts you in a better position to make profitable decisions. You can incorporate your knowledge into your crypto strategy to increase your profit potential.

Manage Your Risk

Use stop losses to help limit your risk. This will automatically sell your coins if they reach a certain price, helping to prevent further losses.

Stay Updated on Market Movements

Stay up to date on market movements and be prepared to make changes to your investment strategy as needed. Cryptocurrency markets can be volatile, so it’s important to stay informed and act accordingly.

How to Use Qumas AI - Step-by-Step Guide

To begin using Qumas AI:

1. Register for an account on Qumas AI

To register for an account, you’ll need an email address and a phone number. After creating the account, you’ll need to submit KYC documents like an ID and proof of address to verify the account.

2. Make an Initial Deposit 

Next, you’ll need to deposit at least $250. Qumas AI accepts deposits through credit cards and PayPal.

3. Practice using the demo account

After depositing, you can use the demo account to ensure your strategy works as intended. In the demo test, you are training the model to recognise the specific parameters of your strategy in the market, making execution more efficient.

4. Use a Live Account

Once you are familiar with the interface and have refined your strategy, you can activate the automatic trading mode in a live account. Here, you’d be risking real capital.

Can I Use Qumas AI in My Country?

Our Overall Verdict of Qumas AI

Qumas AI is a trading bot that helps users automatically trade Bitcoin, other cryptos, and forex. The platform is legit and seems to adhere to all the necessary protocols that ensure the security of funds and personal information.

The software is powered by a machine learning model that analyses previous price data to find recurring patterns. It then executes winning trades when these patterns are repeated in the market.

The platform offers multiple tools to aid traders in their trading journey, including indicators like RSI, MACD, and ATR. For beginners, the platform offers an automated trading mode to execute trades.

Before jumping in, ensure you are not risking too much and that their processes and limits work for you. For example, the minimum you can deposit is $250.

To open an account, sign up on their registration page and verify your account. Decide on a strategy, deposit your funds, and watch the bot make you money. For more details on how to get started with Qumas AI, read our step-by-step Qumas AI section.

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 Qumas AI review.