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Quantum AI alleges to help traders to consistently make €1,320 in every 5 Hours. But is it legit? InsideBitcoins has been looking for answers and can confirm that Quantum AI is a scam. This is one of those blatant scam robots that associate themselves with celebrities. One of the celebrities mentioned in the Quantum AI scam is Elon Musk. We can confirm that there is no and there will never be a Quantum AI Elon Musk Endorsement.
In this review, we will look at the red flags that show Quantum AI is a scam. We will also provide tips on how to identify legit robots and also suggest the robots we believe are worth a try. Keep reading to learn more about Quantum AI or click the ‘trade now’ in the table below to go straight to a legit robot.
Is Quantum AI legit? No!
What is Quantum AI?
Quantum AI is a scam platform that impersonates legit trading robots such as Bitcoin Code. Read our Bitcoin Code review to learn more. InsideBitcoins reveals that Quantum AI targets inexperienced and desperate traders with promises of helping them generate millions of dollars. This scam literally calls itself the cure of poverty.
From our live test, we are convinced that Quantum AI does not have any underlying trading technology. Their web-trader is nothing but a simple web-page that mimics a real web-trader. When a trader deposits money with Quantum AI, the fake web-trader automatically switches itself displaying consistent losses.
In other words, there is no real trading involved and the results are given by the web-trader are predetermined. A deeper look at Quantum AI reveals that it partners with scam brokers. These brokers have no regulation and are known to defraud traders. Quantum AI does not reveal about these brokers until you make a deposit.
The role of brokers in algorithmic trading includes receiving deposits and facilitating transactions. Regulators require brokers to segregate deposits and use them for the intended purpose only. With proper regulation, depositors have an assurance that their deposits are safe. Read our RI Markets review for a legit robot broker.
How does Quantum AI work?
Quantum AI allegedly uses sophisticated algorithms to scan the crypto markets big data and generate trading insights. However, we did not find any evidence that they have such technologies. We are 99 percent certain that Quantum AI is nothing more than a webpage that mimics a real web-trader. Scam robots mostly depend on fake trading platforms to create the illusion of live trading platforms.
When a trader deposits money through Quantum AI, it goes to the underlying sham broker. The broker then pays a commission to the scammers behind the robot. These scammers can further pay a commission to the referring affiliate if the deposit was made through an affiliate link.
Case in point, if you make a deposit of $250, the broker keeps $100 and pays $150 to the scammers behind the robot. The Quantum AI scammers usually pay their affiliates a commission of $50 on every deposit. This means that they get to keep $100.
Is Elon Musk the founder of Quantum AI?
This ridiculous scam claims that it was founded by Elon Musk. They even provide an audio of a guy speaking like Elon Musk and claiming to be the founder of the platform. This is not the first scam robot to falsely associate with this entrepreneur. Elon Musk has distanced himself with these scammers and has promised to take legal action.
While scam platforms are known to falsely associate with celebrities, very few are shameless enough to claim that they were founded by a celebrity. Quantum AI is among these scams. The fact that they can impersonate a renowned person like Elon Musk means that they do not care. Any experienced trader can tell that they are a scam right from the beginning. This means that their target audience is the naïve, less educated, and financially desperate wannabe trader.
Why you should not register with Quantum AI
How to identify a legit trading robot
With studies showing that at least 90% of all trading robots are a scam, it is important to carry out enough due diligence before signing up with a robot. The due diligence hustle is worth it given the high profitability shown by legit trading robots. InsideBitcoins makes the process easier for you by providing unbiased and comprehensive reviews. Here are some of the things you should pay attention to when selecting a trading robot.
- Reputation – Legit trading robots should have generally positive reviews. We recommend that you review robots through consumer review sites such as TrustPilot. Avoid trading robots that have generally negative online feedback and those with a few perfect reviews.
- Partner brokers – Legit robots only partner with regulated brokers. Avoid any robot that is not willing to disclose about its partner brokers. All the robots that we recommend have well-regulated brokers.
- Customer service – Scam trading robots tend to have terrible customer service. Avoid any robot that does not provide a direct line through which the customer service is reachable. Scam robots mostly provide email as the only channel of communication.
- Transparency – Avoid any robot not willing to disclose about its legal registration and the founding company or individuals. Also, conduct enough research to determine the legitimacy of the information provided on their website. If you are still not sure about a robot, notify us and we will do a review about it.
Is Quantum AI Legit? The Verdict!
Quantum AI is a scam and we recommend that you stay away from it. Our investigation reveals that this platform is used by scammers to fish for deposits from unsuspecting traders. When you make a deposit through this platform, your money goes straight to the scammers’ bank accounts. This means that there is no way you can withdraw it back.
Furthermore, Quantum AI appears to sell users’ personal data to other scammers. We find their platforms to be unsafe and therefore susceptible to hacking. Further research reveals that they do not have any data protection policy. We can also confirm that they do not have any trading technology. Their web-trader is nothing but a webpage that mimics a real trading platform.
We recommend that you avoid this platform and instead try a tested and proven robot. Bitcoin Future is one of the best trading robots in the market today. Click the trade now button in the table below to start trading with this robot.