Qumas AI Robot Review 2024 – Scam or Legit?

Why Trust Tech Report

Tech Report is one of the oldest hardware, news, and tech review sites on the internet. We write helpful technology guides, unbiased product reviews, and report on the latest tech and crypto news. We maintain editorial independence and consider content quality and factual accuracy to be non-negotiable.

An alternative to traditional crypto-based trading platforms, Qumas AI is a new auto-trading platform which offers a new way for traders to join the volatile cryptocurrency markets. Through artificial intelligence, Qumas AI deploys a software that automatically scans the cryptocurrency markets for potential price movements. 

To get a better idea of this software and the available features, this Qumas AI review will critically analyze this new cryptocurrency trading bot. 

Qumas AI Overview

Before getting started with the Qumas AI review, let’s take a quick look at some of the available features on this cryptocurrency trading robot. 

In the sections below, we will discuss how Qumas AI works, the available trading features and how interested readers can begin trading cryptocurrency with this auto-trading bot. 

Visit Qumas AI

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Qumas AI: Explained

In 2022 alone, the cryptocurrency market has corrected by more than 60%. With much uncertainty and volatility prevalent even among the top cryptocurrencies, new traders may be unsure of how to begin trading in the digital assets space. The Qumas AI platform claims to offer a solution to inexperienced cryptocurrency traders with its automatic trading robot. 

The main aim of Qumas AI is to offer its software that can offer users price movements and the ability to make automatic trades. After investors create a new account, Qumas AI claims that no additional funds or software fee is required to begin trading. All that is needed is a $250 minimum deposit.

The Qumas AI website claims that investors can trade multiple cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC). Qumas AI also claims to support forex trading on its platform. 

Pros and Cons of Qumas AI Robot

Below are a few advantages and disadvantages of the Qumas AI trading robot. 

Pros 

• Automatic Trading platform
• Supports crypto and Forex trading
• Offers 24/7 customer support
• Offers leverage trading up to 1:100

Cons 

• Little information to back the platform’s claims
• No app provided

How does the Qumas AI Work ?

After accessing the Qumas AI website, users can create a new account in just a few minutes. After completing the KYC (Know Your Customer) stage, users get full access to the Qumas AI software. The website suggests that the Qumas AI software leverages artificial intelligence t begin scanning the volatile cryptocurrency markets. 

Depending on an individual’s customizations, Qumas AI can offer different price movements or even initiate and close new trades on behalf of the customer. Qumas AI manages to do this by using both technical and fundamental analysis. The software uses popular technical analysis tools such as the Stochastic Oscillator – which suggests whether an asset is overbought or oversold. Qumas AI also leverages the Williams Indicator and the Trend analysis tool, among other technical analysis features. 

This cryptocurrency trading robot also uses fundamental analysis tools to determine an asset’s potential price movement. Qumas AI analyzes a cryptocurrency’s social media trends and updates to assess potential movements in the price based on consumer sentiment. The website also states that the software spends 20 minutes adjusting price-based indicators. 

After investors decide to cash out a part of their portfolio, Qumas AI initiates a withdrawal that can take up to 24 hours to process. Qumas AI even supports fiat payment in USD, EUR and GBP. Through other features, such as leverage trading and demo accounts – Qumas AI claims to offer a number of tools at a user’s disposal. 

Qumas AI Top Features:

Interested in trading with Qumas AI? Here are some of the top features that the website claims to offer:

Multi-Asset Trading 

Firstly, Qumas AI offers cryptocurrency trading for some of the top cryptocurrencies in the space – including Bitcoin, Ethereum, Litecoin, Bitcoin Cash and other altcoins. Moreover, the website also supports trading options for certain forex trading pairs. 

What makes the platform unique is its auto trading feature – which manages to provide trading signals and even automatically makes new trades on behalf of the user. This tool allows an inexperienced trader to enter the volatile trading markets without requiring much practice or knowledge. 

Demo account

Access to a demo account allows a trader to practice cryptocurrency trading without risking any real funds. In the case of Qumas AI, users have the opportunity to access the AI software to get an idea of how it works and what kind of results it offers. 

Thus, investors do not have to risk any real funds on this website without having any real idea of the outcome. After reviewing the platform, we cannot 100% confirm the availability of the Qumas AI’s features due to the lack of information offered. 

SSL and TLS encryption

Qumas AI claims to support several security measures for the customers using this trading robot. Firstly, Qumas AI offers SSL (Secure Sockets Layer) – a security protocol that is used to keep an internet connection secure. It is also used to safeguard any information of the user. 

The platform also supports TLS encryption (Transport Layer Security) – which provides communications security for a computer network. 

Leverage Trading 

Another important feature offered on Qumas AI is leverage trading. With this feature, users can heighten the amount of their trade by up to 1:100. While this can increase your profit, investors should use leverage trading with a high-risk appetite – since it can also increase losses. 

Customer Support

Qumas AI claims to offer 24/7 customer support – which can be accessed via email and live chat. Moreover, the platform also provides users with dedicated account managers. Thus, each person has an appointed account manager who they can approach for support or any account-related queries or questions.

Qumas AI: Platform Costs

The Qumas AI website suggests that users are not required to pay additional costs. After creating an account, the software can be accessed completely free of cost. There are also no account or trading fees that users are required to pay. 

However, the lack of public information makes verifying these claims difficult without making a $250 minimum deposit to check out the software first-hand. 

Visit Qumas AI

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Is Qumas AI a Scam or Legit?

Due to the number of auto-trading robots available, investors are keen on finding out the truth to Qumas AI’s trading robot. Qumas AI offers several security measures along with features such as a demo account to ensure customers are sought after. 

The lack of trading and account fees could also make this platform suitable for certain investors. However, the lack of transparency and information on Qumas AI makes it difficult to verify any of the claims. Therefore, investors should conduct their own analysis and research on any cryptocurrency trading platform before making a deposit. Consider splitting up your investment capital across several crypto trading bot platforms – also see our Bitcode Method review.

How to Begin Using Qumas AI?

The sections below show interested readers how to begin trading with Qumas AI: 

Step 1: Sign Up

Firstly, traders can visit the Qumas AI website and begin completing the account registration form. Users are required to enter their full name, email address and phone numbers. 

After doing so, click on ‘Create Account’ to officially register. 

Step 2: Deposit Funds

Investors can now deposit funds on Qumas AI with fiat currencies such as USD, EUR and GBP. The website states that customers can deposit a minimum of $250 using VISA, Maestro, MasterCard, and e-wallets such as PayPal.

Step 3: Start Trading

After depositing funds, investors can access the software. Through customizing the setting – you can choose the available cryptocurrencies to trade, signals to use, and even the amount of autonomy the robot will receive. 

Once the customizations are set, the Qumas AI will automatically scan the crypto markets.

Conclusion

This Qumas AI review guide has conducted an in-depth analysis of this automatic trading robot. While Qumas AI offers integral features such as leverage trading, demo accounts and multi-asset trading, it is hard to verify the claims due to a lack of public knowledge on the site. 

All trading carries risk and Bitcoin or crypto robots and similar automated trading platforms are an unregulated industry. Also see our reviews of crypto presales for an alternative type of high R:R investment.

Visit Qumas AI

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

FAQs