Qumas AI review

Qumas AI is an automated system that trades the cryptocurrency market 24/7. This review investigates the platform and what you can do with it. Read on to learn if Qumas AI is a scam or legit.
By: Pooja Kadia
Pooja Kadia
Pooja is a financial writer for Invezz. She has held the positions of Content Head at more than 7 companies. She… read more.
Updated: Feb 8, 2023
4.5/5 Star rating
22 min read
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This Qumas AI review takes an in-depth look at the automated trading platform. Our experts have tested the robot, explored its different features, and used it for live trading to help you decide if the claims made on its website can be believed. 

We know numerous websites that use false celebrity endorsements to send customers to unregulated brokers or call centres. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer, and our regulated partners will indicate their available services upon registration.

Based on our research, Qumas AI appears to be a genuine trading robot

We test every crypto robot extensively and only recommend software that looks legitimate. The results of our investigation suggest that Qumas AI seems to be a genuine trading bot.

To sign up for a free trial and test the software for yourself, follow the link below. Once you’ve done so, an account manager will call to explain how to create an account and set up the bot.

Pros & Cons

Pros:

Multiple payment methods accepted
Secure platform
Demo account available
Partnered with regulated brokers
Various cryptocurrency assets available to trade

Cons:

What is Qumas AI?

Qumas AI is an autotrading robot that employs technological solutions, such as AI and Machine Learning, to detect potentially profitable trading signals in the cryptocurrency market. The robot performs fundamental and technical crypto asset analysis to predict specific crypto tokens’ price movements. 

After calculating, it automatically executes the trading order without any instruction from the trader. The trading bot uses a strategy called High-Frequency Trading (HFT) to take advantage of the small price movements in cryptocurrency.

Additionally, the Qumas AI app also has a manual trading mode for experienced traders and a demo accout. Users can specify their trading parameter conditions in the platform’s interface. The robot will automatically execute a trader’s specified order at the precise conditions. This feature enables traders to trade at their preferred market conditions without constant monitoring. 

Qumas AI summary

FeatureQumas AI
Supported cryptocurrenciesBTC, ETH, XRP, LTC
FeesNo fees
Success rate96.3%
Minimum deposit$250
Mobile app?Yes
Withdrawal speed24 hours
Demo account?Yes
Leverage available1000:1
Customer supportlive chat, phone, email
Verification requiredYes
RegulationYes, CySEC brokers
More Qumas AI features >

About the Qumas AI platform

How does Qumas AI work?

The Qumas AI trading platform has partnered with robots that are regulated under the ASIC (Australian Securities and Investment Commission), FSB (Financial Service Board), and CySEC . These robots offer CFD trading in different cryptocurrency tokens. 

Through technology, the trading platform deciphers trading signals and then sends these signals to the connected brokers through an API. The broker, in turn, automatically executes the trade order upon receiving the signal.

What assets and products can be traded on Qumas AI?

The automated trading bot offers trading in prominent crypto markets, including

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • ZCash (ZEC)
  • Ripple (XRP)
  • Monero (XMR)
  • Golem (GNT)
  • Status (SNT)
  • Lisk (LSK)
  • Bitcoin Gold (BTG)

How much does Qumas AI cost to use?

There are no trading costs or fees associated with the Qumas AI crypto trading bot. However, the brokers it partners with will charge a commission for each trade you make through the Qumas AI trading platform. We found that the average commission was between 1-2% on every trade.

What are the payment methods accepted by Qumas AI?

To access the automated trading services of the Qumas AI trading platform, you have to make a minimum deposit of $250 into your account. Several payment methods are available, including credit/ debit cards, Wire transfer, Neteller, WebMoney, Skrill, Bitcoin, and Ethereum. Here’s a full list of available payment methods on the Qumas AI app. 

  • Bank transfer
  • Credit card
  • Debit card
  • Wire transfer
  • Neteller
  • WebMoney
  • Skrill
  • Bitcoin
  • Ethereum

Is there a Qumas AI app for both mobile and laptop computers?

Yes, the Qumas AI trading software has both a mobile app and can be used on desktop or laptop computers. All that is required is an internet connection to use the software on a desktop or laptop and the robot can be accessed through any web browser. You can also use the Qumas AI mobile app, which can be downloaded on both Apple and Android devices. Below is a list of devices that the Qumas AI automated trading platform can be used on. 

  • Desktop computer
  • Laptop computer
  • Smartphone
  • Tablet

Qumas AI key features

Our trading experts tested all of Qumas AI’s tools and below is a selection of its most unique features. 

Easy-to-use interface

Qumas AI has an interface that takes little time to get to grips with. It’s been designed with both beginner and experienced traders in mind. It can be accessed directly from a web browser or via a mobile app; making adjustments to its trading platform is a simple process. 

Trade with leverage

All of the brokers that Qumas AI partners offer users the ability to trade with leverage. This means you only need to deposit a small amount of money to trade large positions. You can maximise your gains with leverage, although your losses can also be large. 

Free demo account

One of Qumas AIs’ best features is its free demo account. Using virtual funds to practice with the crypto trading platform is an excellent way to test its tools and make adjustments before moving to a live trading account. 

Which brokers can I use with Qumas AI?

Qumas AI partners with regulated and reputable broker networks to offer CFD trading in cryptocurrency assets. You cannot see the full list of available brokers until you sign up with the trading software. During our robot testing, we were given the option to trade with either UFX or EuropeFX, although external reviews suggest the list is much larger. The Qumas AI trading platform partner brokers also offer forex trading services.

Can I trade assets with leverage?

Yes, the brokers partnered with the Qumas AI trading account allow leverage trading services in digital currencies. The official website does not provide details on the leverage trading options available. External research suggests that users can access leverage of up to 1:1000 with these brokers. 

Please note that trading with such high leverage is risky and should be avoided unless you’re very experienced. Crypto market prices are extremely susceptible to volatility. Trading with such high leverage causes losses in huge amounts if the market falls even a bit. 

Can I open long and short positions with Qumas AI?

Yes, Qumas AI’s partnered brokers allow traders to open both long and short positions. In other words, users can place trades irrespective of the market moving upwards or downwards. A trader can go long or short with the trading crypto trading platform. 

A long position refers to a trader’s stance that the price of an asset will move upwards, whereas a short position refers to a trader’s stance that the price of an asset will go down

How do I get paid? What about payouts?

You can request a payout at any time from the Qumas AI bitcoin trading platform. All you have to do is visit the trading dashboard and fill out a withdrawal form. You’ll need to enter the amount of money you wish to withdraw and your preferred payment method. Qumas AI will process your withdrawal and your money will be back in your bank account within 24-48 hours. 

What is Qumas AI’s customer support like?

Qumas AI offers customer supoprt to its registered members around the clock. Prior to registration, you can contact them through a contact form available on their website. After registration, you can access their services through phone, live chat, and email. Here is a list of the different customer support services on the Qumas AI trading platform. 

  • Online form
  • Email
  • Live chat
  • Phone 

Safety and security

Is Qumas AI safe to use?

While testing Qumas AI, our experts found the trading software safe. It offers a good level of protection for its users, including SSL authentication, anti-virus, and anti-phishing measures. Its partner brokers also have advanced safety features and comply with local regulatory requirements. 

Is Qumas AI regulated?

The Qumas AI trading platform itself is not regulated. However, the brokers it is partnered with all are. CySEC is the regulatory body that provides licences to Qumas AI’s partner brokers. CySEC is one of Europe’s largest and best-known regulators and offers protection to clients depending on location. 

Is my money protected on Qumas AI?

Yes, all of the brokers with which Qumas AI is partnered offer protection for your money. One of the benefits of trading with a licenced broker is the compensation schemes on offer. For example, for CySEC-regulated brokerage firms, compensation up to $20,000 is available if a broker ever goes out of business. 

Who owns Qumas AI?

There have been many online rumours about the owners of Qumas AI, with many people speculating that a well-known celebrity figure created the software. While investigating for our Qumas AI review, we could not verify any of these claims. 

Our investigation uncovered the Qumas AI trading bot owners are a group of traders and software developers with many years of experience in the cryptocurrency market. While their names remain unknown, this is quite common, especially in the crypto world where privacy remains a high priority. 

What is the registration and verification process?

The process of registration on the Qumas AI trading platform is easy and can be completed in a few minutes. To register, you have to fill in the details on the sign-up form available on the robot’s home page. You must provide details, including your name, phone number, email, and country of residence. A verification and SMS link will be sent to your provided details. 

How to start trading with Qumas AI

Step 1. Create an account with Qumas AI

The first step you need to take is to visit the official Qumas AI website, where you can fill out a signup form. This is a very quick step and will take just a few minutes. You’ll be required to enter your name, email address, and phone number.

Step 2. Make a minimum deposit of $250

Once your Qumas AI trading platform account is registered, you will need to make a minimum deposit of $250 in one of its partner brokerage accounts. You’ll need to create an account with one of its brokers, so make sure you have an ID, such as a passport or driver’s licence.

Step 3. Set up your Qumas AI trading system

Now it’s time to set up your Qumas AI platform. Its user interface is very simple so setting it up won’t take much time. You can decide which coins you want to trade and how often you want to buy and sell crypto.

Step 4. Adjust risk management settings

Before you let the crypto trading system start trading on your account you should take the time to adjust its risk management settings. This is an important step because it can help protect you from losing too much money. Start off slow and increase your risk if you feel comfortable.

Step 5. Start investing with Qumas AI

You can start trading with the Qumas AI platform when everything is set up. Before you do, we recommend you run it on a free demo account. This way, you can iron out any issues without risking your money and decide for yourself, if Qumas AI is legit.

Despite many online rumours about partnerships between Qumas AI and figures in the public eye, we could not find any proof that this trading robot has been promoted by any celebrities or appeared on television. These claims are commonly made for trading platforms, but appear to have no basis.

For the benefit of our users, we have fact-checked three of the most commonly made claims about the platform appearing on TV or being used by celebrities.

No, the Qumas AI trading bot has never appeared on the popular British breakfast television show This Morning. The show is broadcast every weekday morning in the UK on ITV and has won many awards at both the National Television Awards and the TV Choice Awards.

Fact check: False. Some people have claimed that This Morning has discussed this crypto robot, but these claims are untrue.

Does Bear Grylls use the Qumas AI website?

Bear Grylls does not use this platform. Edward Michael Grylls (known publicly as Bear Grylls) is a former serviceman with the UK Special Air Services and is now widely known as a presenter of survival-themed television shows.

Fact check: False. Upon looking into these claims, we discovered no evidence backing them up and Bear Grylls does not use any crypto trading platforms.

Has the platform ever appeared on The Project?

Qumas AI has never been featured on The Project. The show is broadcast weekly in Australia on Network 10 and focuses on carrying news and current events to people across the country alongside opinion talk shows.

Fact check: False. This crypto robot has never appeared on the Australian TV show The Project.

Is there a Qumas AI alternative?

There are lots of Bitcoin robots on the market, and if Qumas AI does not convince you, then you can try any of the bots below. 

  • Immediate Edge is one of the most popular trading bots and offers automated trading in crypto, forex, stocks, and indices.  
  • Bitcoin Motion trades many crypto market coins but focuses on the price of Bitcoin. 
  • BitIQ uses advanced algorithms to pick the perfect time to buy and sell over 50 cryptocurrencies.  
  • Bit Index AI trades the whole crypto market and its robot offers super-fast execution, meaning you’ll never miss a trade.  
  • Oil Profit doesn’t focus on the crypto market like the other bots on this list, rather it trades commodities, with a special focus on the price of oil. 

Our top robot trading tips for beginners

It is necessary to understand how cryptocurrency markets work and the process of trading crypto-assets, even if you are using a robot to execute trades. Never invest money in something you don’t understand. Here are a couple of tips you should be aware of before selecting a crypto trading platform.  

  1. Familiarise yourself with trading. Beginners must be familiar with the schematics of cryptocurrency trading and crypto market movements.  
  2. Understand cryptocurrency space. Cryptocurrency trading differs from trading in traditional markets. This is primarily because coin prices are susceptible to volatility. It is necessary for a trader to understand the space before beginning to invest. 
  3. Practice with a demo account. Qumas AI offers the feature of demo trading. It is advisable to start trading using the demo account feature, which allows traders to navigate different functions from the control panel without risking any capital.  
  4. Start small and build gradually. Invest in small amounts. Practice and build your portfolio gradually. These are the best ways to be successful in the long term.
  5. Only invest what you can afford to lose. Always remember that you cannot become a millionaire overnight by trading in cryptocurrency markets. Do not invest your hard-earned money and bet big. Start small and invest what you can afford to lose when using trading platforms in the crypto market.  

Our final verdict on Qumas AI

The Qumas AI robot could make a good addition to your trading strategy and help start your crypto trading journey. During our time testing the bot, we experienced positive results, however, they were not in line with what is claimed on the official Qumas AI website. 

Experienced traders can easily add the services of the Crypto Bot to their existing trading strategy, although it’s best not to rely solely on the software. Qumas AI claims of high accuracy and substantial ROI should be taken with a grain of salt. The best use for the trading platform is to run it alongside your overall strategy.

Before you make a decision on using Qumas AI you should conduct your own research. If you’re looking for an addition to your trading strategy, then Qumas AI is a good choice, however, if you’re looking for a get-rich-quick scheme for the crypto market, it’s best to look for another crypto trading platform. 

Methodology: how we scored this Qumas AI review

Every cryptocurrency trading robot review on our website follows the same rules when evaluating the platform. In the case of Qumas AI, we first created a free account and made an initial deposit of $250. We then connected the robot to its recommended trading platform before adjusting some settings and letting it trade. 

We combined our research and analysis with online reviews from trading software users during our review. We then scored the trading platform based on our findings and other users’ reviews. 

The final ranking is recorded as a score out of five stars. No platform can influence the score, but we may be paid a fee if you use one of the links on this page to sign up with a partner service. Learn more about how we make money and our review process

FAQs

Is Qumas AI legitimate or not?
Is it easy to open a Qumas AI account?
Can I withdraw cryptocurrency from Qumas AI?
Is Qumas AI an MLM or Affiliate scam?
Does Qumas AI really work as described?
How much does it cost to use Qumas AI?
How do I delete my Qumas AI account?
Who owns Qumas AI?


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Pooja Kadia
Financial Writer
Pooja has worked with more than 120 crypto and blockchain companies along with being the founder of her educational blog, Cryptochain Sphere. When she is not… read more.