Qumas AI Review – Scam or Legit?

Qumas AI is an automated analysis and trading platform designed to help traders make money from the market. This platform claims to use artificial intelligence (AI) to decode popular technical indicators and provide traders with signals about when and how to trade. Using this information, traders can set up custom automated trading strategies and execute them through Qumas AI.

So, is Qumas AI legit? In our Qumas AI review, we’ll take a closer look at everything this trading platform has to offer.

Qumas AI Summary

Let’s begin our Qumas AI review with an overview of everything traders need to know about this trading platform:

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

What is Qumas AI?

According to its website, Qumas AI is an automated trading platform that claims to be built for traders who want to maximize their profits from the market. Qumas AI isn’t just a auto trading platform that trades automatically on a user’s behalf. Instead, it’s a suite of AI-driven market analysis tools and combined trading platform that anyone can use to build custom, automated trading strategies.

Qumas AI’s machine learning engine claims to use a combination of popular technical metrics – including moving average convergence divergence (MACD), relative strength index (RSI), and average true range (ATR) – to detect potentially profitable setups. Setups typically include details like stop losses and price targets, making it easier for traders to make informed decisions.

Traders can use the setups that Qumas AI identifies to build their own custom strategies and backtest them against historical market data. The platform supports both manual and automated trading.

Qumas AI Pros & Cons

How Does Qumas AI App Work?

According to its website, Qumas AI uses an AI trading algorithm in order to analyze the cryptocurrency and forex markets for potentially profitable trading setups.

The details of this algorithm are secret, but Qumas AI says that it uses popular technical indicators like MACD, RSI, and ATR to identify trading opportunities before they happen. These indicators are widely used by stock, forex, and cryptocurrency traders around the world to analyze market movements in real-time.

Once Qumas AI finds a trading opportunity, it issues a trading signal to users. This signal includes stop loss and take-profit targets so that traders using Qumas AI can decide whether to trade and how best to manage risk.

Traders can place trades directly through Qumas AI’s proprietary trading platform. The platform supports manual trade entry as well as custom automated trading strategies that execute whenever a specific set of conditions are met. This is not the fully AI-driven trade execution that some Bitcoin robots offer, but it gives traders more control over what setups they are acting on.

Qumas AI does not specify all the markets it is capable of trading, but the platform is focused on the cryptocurrency and forex markets. Among other top cryptocurrencies, Qumas AI can trade Bitcoin, Ethereum, and Litecoin.

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

Qumas AI Key Features

We identified several important features, according to the platform’s website, that traders should know about during our Qumas AI review.

Customizable Trading Strategies

Qumas AI makes it possible for traders to create their own custom trading strategies based on the setups that the AI platform identifies. These strategies can be back-tested against historical market data, so traders have an idea of how likely they are to produce positive results. Once traders have built their strategies, they can execute trades manually or set up automation for 24/7 trading.

Risk Management Tools

Qumas AI delivers stop-loss and profit targets with every trade setup the platform identifies. These target prices can be used by traders to limit their risk on any trade and define an acceptable risk-reward ratio for automated trading. Stop-loss and profit targets issued by Qumas AI can also be incorporated into automated trading strategies.

Multiple Markets

Qumas AI currently supports trading in the forex and cryptocurrency markets. Some of the best cryptocurrencies to trade that are available on the platform include Bitcoin, Ethereum, and Litecoin as well as several popular altcoins. Having access to multiple markets means that traders using Qumas AI have more opportunities to find and trade setups.

Education and Support

Qumas AI offers a number of features to teach traders how to use the tools available in the platform. New traders can sign up for a Qumas AI masterclass that covers the basics of how this trading platform works and how to set up custom trading strategies. Within the platform itself, a suite of learning tools guides traders through advanced features like strategy backtesting.

In addition to these educational resources, Qumas AI offers 24/7 customer support.

Demo Trading Account

Qumas AI’s platform includes a demo trading account, which enables traders to simulate trades without risking real money. This is important because it gives traders a chance to see how Qumas AI’s signals perform and to learn how to use the platform. Traders can also use the demo account to test out their own custom trading strategies on real-time market activity without risking money until they’re confident a new strategy will be successful.

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

Qumas AI Fees

Qumas AI does not specify whether there are any fees to use the platform. However, the Qumas AI masterclass, which introduces new traders to the platform, is completely free and does not come with any commitments.

Is Qumas AI a Scam?

Qumas AI claims to help traders become more profitable by using AI to identify trading setups and giving them a platform to build automated trading strategies. Unlike other automated trading platforms, Qumas AI does not trade automatically on behalf of traders, so users remain in control of their own trades.

Our Qumas AI review found that the platform claims to offer several features that enable traders to get more information before committing real money to trades. The Qumas AI masterclass is free to take, and the platform offers 24/7 customer support.

In addition, traders who sign up for Qumas AI can use the platform’s demo account to try out paper trading without risking real money. However, make sure you do your own research into the platform before signing up.

It is not clear whether Qumas AI charges fees to use the service or how much those fees may be.

Qumas AI Minimum Deposit

Qumas AI requires a minimum deposit of $250 when opening a new account. The deposit can be paid using a credit card, debit card, or PayPal. Qumas AI does not specify whether this deposit is refundable or how the withdrawal process works.

Qumas AI Reviews

Qumas AI claims to have more than 35,000 active users,  but does not offer testimonials from current or past users. Qumas AI reviews online are generally neutral to positive and suggest that the platform could have a higher average success rate at predicting profitable trade setups than human traders. We could not however confirm Qumas AI’s accuracy as part of our review.

There is also a Qumas AI Trustpilot page, though at the time of writing it only has two reviews. If you’re wondering whether Qumas AI is discussed on Reddit, as of yet we haven’t seen it talked about in any threads.

Qumas AI App Customer Support

Qumas AI claims to offer 24/7 customer support for traders using the platform. Traders can also get in touch with the support team prior to signing up for Qumas AI via email.

How to Use Qumas AI

Ready to get started with Qumas AI? We’ll explain how the process to start trading with this platform works in a few steps.

Step 1: Sign Up for the Qumas AI Masterclass

Head to Qumas AI’s website and find the registration box at the top of the page. Enter a name, email, and phone number, then click ‘Check Availability’ to sign up for the Qumas AI masterclass.

Step 2: Verify Identity

Qumas AI abides by Know Your Customer (KYC) requirements, so all new traders must verify their identity over the phone. A support team member will call new traders within 30 minutes of their registering for the Qumas AI masterclass.

Step 3: Deposit Funds

To complete registration, traders must make a deposit of at least $250. Qumas AI accepts payment by credit card, debit card, or PayPal.

Step 4: Demo Trading

New traders should take some time to familiarize themselves with Qumas AI. This is a good time to go through the masterclass and take advantage of the educational resources available on the platform. Traders can also try out trading using the included demo account and test out setting up their first trading strategy.

Step 5: Start Trading

Once traders are comfortable with Qumas AI and have a trading strategy that has proven successful in paper trading, they can begin live trading with the platform. Qumas AI supports both manual and automated trading, so traders can activate their strategy and begin executing trades whenever they’re ready.

The Verdict

Our Qumas AI review found that this trading platform claims to use AI to analyze several popular technical indicators and identify trading opportunities in the cryptocurrency and forex markets. The platform offers tools to help traders create their own custom trading strategies and act on the signals that Qumas AI identifies.

Traders can apparently execute trades manually or create automated strategies that run 24/7. We recommend doing your own research before trying this platform.

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

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