Quantum Code: Scam or Legit Trading Robot? ByPatrick WebberPRO INVESTOR Updated: 26 May 2022 Binary Options computer-driven trading has gained traction in the recent past thanks to the success rate reported by top trading robots. Some top Binary Option trading robots are known to generate thousands of dollars in profits per day from an investment as little as $250. However, not all trading robots in this category are legit. Most are a scam and will often result in losses. Quantum Code is a scam trading robot that claims to help investors make $10,000 per day. InsideBitcoins carries out in-depth research to determine scam and legit trading robots. Our reviews cover all types of trading robots. This review presents evidence that Quantum Code is a scam. Keep reading to learn more about Quantum Code or try a legit robot by clicking the button in the table below. eToro - Automated Copytrading of Profitable Traders Our Rating 83.7% Average Annual Returns with CopyTrader™ feature Review Traders' Performance, choose from 1 - 100 to Copytrade No Management Fees Free Demo Account Social Media & Forum Community - Trusted by Millions of Users Start Copytrading 68% of retail investor accounts lose money when trading CFDs with this provider. On this Page:Contents [show] Is Quantum Code a scam? Yes! InsideBitcoins gives Quantum Code a legitimacy score of 5% – Legit trading robots must have a score above 70% Quantum Code lies about almost everything including the founder – The scammer behind this platform has a reputation of scamming people in other areas. This so-called trading robot keeps moving from one domain to another – This is typical of most scam trading platforms. Scam bots such as Quantum Code make unrealistic winrate claims Our investigation reveals that Quantum Code is a big scam. This platform is used by scam brokers to solicit deposits from unsuspecting users. Quantum Code has all the telltale signs of a scam platform. First, they provide little information about their owners and supporting team. Most scam robots do not reveal such information for fear of being traced due to fraud. Secondly, they tell a lot of lies on their website. Our investigation reveals that there is no logic behind the $10,000 per day profits claim. Michael Crawford, the scammer behind this platform, guarantees traders that they will make at least $100,000 per month using the app. He is so sure about the platform that he promises to pay $5000 to every trader who does not hit the guaranteed amount. These are blatant lies, and you will not make a single cent using Quantum Code. Once you make a deposit, consider your money as lost. Furthermore, there are a lot of complaints about this platform on sites such as Trust Pilot. The majority of reviews complain about losing all money in the first few minutes of trading. This is typical of most scam trading robots. What is Quantum Code? Quantum Code is a binary options trading robot which claims to have an accuracy level of 100%. The platform allegedly helps traders generate over $10k in profits per day trading binary options. InsideBitcoins investigation reveals that these are lies and you stand no chance of making any money with this platform. Perhaps the biggest red flag that this platform is a scam is the lies the alleged founder tells to solicit deposits. Just like most scammers, he uses flashy videos to appeal to the targeted market. There are videos of him flying in a private jet and bathing in thousands of dollars in cash. Most scammers use this technique to appeal to their targets. Also, InsideBitcoins did not find any evidence that Quantum Code has proprietary technology. We believe that just like other scammers in our list, Quantum Code is nothing but a webpage that connects unsuspecting traders to scam brokers. Their so-called web-trader appears to be set to deliver specific results. Our live test reveals that traders make consistent losses from the first minute of live trading. How does Quantum Code work? Quantum Code claims to apply computer algorithms to identify trading signals and automatically execute them on the user’s account. However, InsideBitcoins tests show that there are no such algorithms involved. This platform is nothing but a cleverly built webpage that links unsuspecting traders with scam brokers. Signup to reliable, safe bot software instead As mentioned severally in this review, Quantum Code only goal is to steal deposits. Once a trader signs up with them, they are asked to deposit a minimum deposit of $250 to start trading. InsideBitcoins has determined that live trading automatically kicks in immediately after the deposit. Traders have pretty little control over their accounts as the app siphons money from their accounts. Our tests show that it takes less than 20 minutes of live trading for a deposit of $250 to go into negative. Most scam trading platforms are set to clear deposits in less than an hour of live trading. Quantum Code goes further to share users’ information with spammers. There are a lot of complaints about people who have registered with this robot receiving a lot of spam emails from scam brokers and related robots. Who founded Quantum Code? Quantum Code was allegedly founded by Michael Crawford, a self-proclaimed Binary Options trading guru. This person claims to know all the secrets about trading and has used this knowledge to create one of the world best trading bots. He lies about being featured on the Forbes list of the world richest people. Quantum code paid actor InsideBitcoins background tests reveal that “Crawford” is a paid actor hired from Fiverr. The real scammer behind Quantum Code remains unknown. The majority of scam trading bots are known to rely on actors to create false profiles for the founders. Some even go to an extra mile of using stock images. InsideBitcoins research involves conducting a google reverse image search to determine the legitimacy of profiles given in any trading platform. A scam robot is likely to use stock images or even steal photos and details from unsuspecting internet users. Also, most scammers do not disclose any crucial information such as their country of registration and physical location. They also do provide a static phone line. Why you should not signup with Quantum Code Quantum Code is a binary options robot that claims to help investors make at least $10k per hour. InsideBitcoins investigation reveals that this platform is a scam and recommends that you stay away from it. Here are some top reasons as to why you should not trade with Quantum Code. Unsafe signup process Like most scam platforms, Quantum Code provides an easy but unsafe signup process. To open an account, users are required to enter their details in a form provided on their webpage. We find Quantum Code to collect more personal data than required. Further investigation reveals that this platform shares this data with third parties mostly scam brokers. As mentioned earlier, people who sign up with this robot report receiving a lot of spam emails and calls from these brokers. Zero profits and no capital withdrawals InsideBitcoins investigation reveals that Quantum Code is a scam robot and traders stand no chance of making any profits with it. An analysis of online reviews shows that most people who have tried this robot lose all their money within the first few hours of trading. Also, we have determined that Quantum Code does not refund deposits to traders who opt out before live trading. This means that you cannot retrieve your money once you deposit with them. All deposits made through the platform go to unregulated scam brokers. These brokers are untraceable, and therefore there is no way for scammed users to recover their money. False information/ Paid actors InsideBitcoins investigation shows that the person claiming to be the founder of this platform is a paid actor. This person appears on Fiverr, a freelancing platform, offering acting services. We can confirm that he has no background in binary options trading. Quantum Code also provides false testimonials on its website. Our research shows that the images of the people giving the testimonies are not real. Furthermore, the potential earning claims on the marketing video on their website is ridiculous. You will not make even a single cent using this platform. Predetermined live trading results Just like most scam trading bots, Quantum Code platform reports predetermined losses. This is because there is no real technology involved and there is no trading that takes place. Quantum Code scam makes money by soliciting deposits from unsuspecting users. The platform relies heavily on affiliate and spam marketing to get new signups. InsideBitcoins investigation reveals that affiliate marketers earn a commission of $100 per referral. The big question is where the money comes from given that the scammers behind the platform claim to offer it for free. We are 100 percent certain that the scam brokers in partnership with this platform own it and share the deposits they steal from users with their affiliates. How did we test this robot? Transparency – Legit robots disclose crucial details such as the name of the founders, legal registration, partner brokers, and the general idea behind their proprietary technology. Additionally, they should have a traceable phone number. Scam robots keep these details away for fear of getting apprehended for scamming users. Consistency – A legit trading robot must show consistency in performance. The best trading bots report a 99 percent accuracy level. Scam trading bots are likely to make consistent and unexplainable losses from the beginning to the end. Reputability – Legit robots are usually top rated in consumer reviews sites such as TrustPilot. InsideBitcoins recommends that you avoid trading bots with many negative reviews. A robot with a few perfect reviews is also highly likely to be a scam. Customer service – Legit trading robots provide top-level customer service. They are likely to offer multiple lines of communication including phone and live chat. Is Quantum Code a Scam? The verdict! Quantum Code is a scam trading bot, and you should stay away from it. Our investigation reveals that most of the information on their website is false — furthermore, most people who have tried this platform report making consistent losses. From our research, we conclude that Quantum Code does not have any proprietary trading technology. What they provide is just but a webpage that reports predetermined results. An in-depth analysis of reviews by people who have tried this robot reveals that traders experience huge losses in the first few minutes of trading. We recommend that you keep off this platform. InsideBitcoins provides comprehensive reviews to help traders identify and avoid scam trading bots. If you are looking for a way to trade, we recommend that you try eToro. This exchange is reliable, regulated, and safe. We recommend copying an experienced trader who focuses on crypto. Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets. Automated Trading on Exchanges An alternative to using trading robots – especially scam bots such as Quantum Code – is to use the copy trading feature on eToro – this FCA and CySec regulated cryptocurrency exchange allows you to replicate the trading decisions of a winning, profitable trader of your choice, or a combination of several. InsideBitcoins recommends diversifying your portfolio by allocating part of your funds into a long-established, safe, and reputable platform such as eToro – never invest 100% of your cryptocurrency into one trading bot or hold it on one website, broker, or exchange. Start with a minimum deposit on any platform you use, and make a small withdrawal as a test. Copytrading on eToro is similar to using a bot in that you can grow your investment without having to monitor it, trade yourself or make any decisions – all buy, sell, take profit, and stop-loss orders are automated. However, unlike many crypto robots, eToro is a regulated, safe and reliable exchange with many positive reviews online. When investing with eToro there’s no risk of being scammed like with many crypto bots. However, keep in mind that assets such as cryptocurrencies and stocks can be unstable and that you can always suffer a loss on your investment. eToro - Automated Copytrading of Profitable Traders Our Rating 83.7% Average Annual Returns with CopyTrader™ feature Review Traders' Performance, choose from 1 - 100 to Copytrade No Management Fees Free Demo Account Social Media & Forum Community - Trusted by Millions of Users Start Copytrading 68% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy Dogecoin How to buy Ethereum What is Social trading FAQ Is Quantum Code a scam? Yes! Our investigation reveals that Quantum Code is a big scam. We recommend that you stay away from it and only try tested and proven trading robots. How much should I deposit with Quantum Code? Quantum Code is a scam, and you should not deposit any money with them. This review reveals that it takes a few minutes of live trading with this robot to lose a deposit of $250. How much money can I make with Quantum Code? There is zero chance of making any money with this robot. InsideBitcoins investigation reveals that this platform is for scam brokers to steal deposits from unsuspecting users. How much does Quantum Code cost? Quantum Code claims to be a free trading bot. However, you need to deposit a minimum of $250 to start trading with the robot. Quantum Code does not refund deposits to traders who opt out before live trading. Those who go for live trading lose their money within minutes. What are the recommended trading robots? If you are looking for a legit trading robot, we recommend that you browse through our trading robots page. InsideBitcoins carries out extensive research to help you differentiate between a scam and legit trading robots.