Qumas AI Review – Scam or Legit?

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In the Qumas AI Review, we look at an automated analysis and trading platform designed to help traders make money in the market. Using artificial intelligence (AI), this platform interprets common technical indicators and provides trading signals to users. Traders use these insights to create their own automated trading strategies, which are carried out smoothly through Qumas AI.

But is Qumas AI legitimate? Our comprehensive review dissects its features, assessing its legitimacy and potential benefits within the trading sphere.

What Is Qumas Used For?

Qumas AI is an automated trading platform that claims to be built for traders who want to maximize their profits from the market.

However, Qumas AI isn’t just an auto trading platform that trades automatically on a user’s behalf. Instead, it’s a suite of AI-driven market analysis tools and a combined trading platform that anyone can use to build custom, automated trading strategies.

Qumas AI’s machine learning engine says it uses a mix of common technical metrics — such as moving average convergence divergence (MACD), relative strength index (RSI), and average true range (ATR) — to find potentially profitable opportunities. These setups often include specifics like stop losses and price targets, which help traders make better decisions.

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

How Does Qumas AI App Work?

Qumas AI uses an AI trading algorithm 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.

Key Features of Qumas AI

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 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 several features to teach traders how to use the tools available on 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.

Pros & Cons

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.

Security and Regulations

Qumas AI emphasizes security measures, including SSL encryption, to safeguard users’ funds and data. The platform prides itself on never being hacked and maintaining users’ security.

Furthermore, the company implements and maintains appropriate technical, security, and organizational measures to protect personal data against unauthorized access. However, it’s important to note that Qumas AI is not regulated in the US.

Availability

Countries

• Australia
• Canada
• Japan
• Singapore
• United Kingdom

Languages

• Chinese
• English
• French
• Russian
• Spanish

Devices

• Desktops
• Android devices
• iOS devices
• Tablets

Qumas AI’s Online Reviews

Qumas AI claims to have more than 35,000 active users but does not offer testimonials from current or past users. Online reviews 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 before signing up for Qumas AI via email.

Get Started With Qumas AI in 5 Easy Steps

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 registering for the Qumas AI masterclass.

Step 3: Deposit Funds

To complete registration, traders must deposit 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.

Is Qumas AI a Scam — Final Takeaways

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 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 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.

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

FAQs