Qumas AI Review – Is It A Good Platform To Use in The UK?
If you’re a regular cryptocurrency trader, you’ve probably heard of Qumas AI, the most recent addition to the list of automated trading platforms available online today.
The platform is well-known among both new and seasoned investors. However, the fact that AI backs it places it at the centre of attention and many crypto traders and investors question the platform’s effectiveness.
But how effective is Qumas AI? Is it worthwhile to register on the platform? In this Qumas AI review, we will go over the key features of the platform and provide you with useful insights that will help you make an informed decision.
Continue reading to find out whether Qumas-AI is the right crypto platform for you.
Qumas AI Pros and Cons
What Is Qumas AI?
Qumas AI claims to leverage the power of AI and data for crypto trading. The platform decodes and analyses technical information and other news stories about trading to provide its users with signals about different entry positions.
Besides, users signing up for the trading platform also have the option to use this information to set up their custom automated trading strategies and execute them through Qumas-ai.
Adding to it, the platform is also a hub for learning. Since it primarily relies on AI, Qumas AI provides free access to the necessary learning tools for all its users, making it exclusive to the available list of crypto exchanges.
Your money is at risk.
How Does Qumas AI Work?
Qumas AI claims to use an AI algorithm to analyse the cryptocurrency and forex markets while looking for profitable trading setups. This algorithm is unknown to the world, but the engineers working on Qumas-ai have claimed that the algorithm uses popular technical indicators like MACD, RSI, and ATR that are beneficial for identifying trading opportunities before they are put out in the market.
Furthermore, the process and trade setup is carried out in a flow. Once Qumas AI platform finds a trading opportunity for you from the market, it issues a trading signal to traders.
This signal includes targets that are used to reduce losses and increase profits so that it is easy for traders who use Qumas-ai to decide if they want to trade at this opportunity and also help them with the best strategy to manage risks. Once the users have received a signal, they can place their bids directly through Qumas AI’s trading platform.
This platform also supports manual trade entry and custom automated trading strategies that execute after meeting specific requirements.
However, it should be noted that Qumas AI isn’t a typical automated Bitcoin trading tool. The platform revolves around the concept of trading signals and the core principle surrounding its AI is that traders gain more control over their trading setups than they would with other automated trading tools.
Adding to it, the platform leverages the essential trading indicators used in the world of trading and forex. Some of these indicators include relative strength index, moving average, convergence-divergence, and average true range indicators. Following this, its advanced AI algorithm processes these indicators, providing traders with the best trading platform.
Although Qumas AI does not necessarily specify all the different markets in which it helps the traders, it is focused solely on the cryptocurrency and forex markets. Therefore, Qumas-ai helps traders develop efficient strategies to trade Bitcoin, Ethereum, Litecoin, and various other cryptocurrencies.
Is Qumas AI Safe?
It is important to proceed with caution when using any automated trading platforms. Qumas AI appears to be safe to use however, we cannot verify any of the claims that are made on the website. The safety of using a trading platform such as Qumas AI largely depends on your own risk management strategies. It is important to tread carefully when using online trading platforms, never invest more than you can afford to lose and always set stop loss targets to prevent huge losses.
Our Qumas AI review concludes that the platform is legit. Nevertheless, Qumas AI does make bold success rate claims and there is no information available about the team behind the platform. This could be considered suspicious and traders should only invest if they understand the risks involved with automated trading.
Who Created Qumas AI?
The volatility surrounding the crypto market isn’t new. This is what led the idea behind Qumas AI. The trading platform was developed by a group of highly trained experts, cryptocurrency enthusiasts, Blockchain experts, and computer engineers.
However, it was an engineer named Robert who can be credited for starting Qumas-ai. Robert had the idea of providing beginner investors with a thorough step-by-step user guide to help them earn money by trading. This led to the development of the Qumas AI platform, which is now widespread and is already used by more than 35,000 people.
Qumas AI Elon Musk- Is The Tech Giant Linked To The Trading Platform?
There are numerous rumours which suggest that Quamas AI is linked to Elon Musk. While there are many online sources that claim this rumour to be true, the tech giant himself has not confirmed any link to the trading platform. Elon Musk is a tech billionaire who works closely with AI technologies. As a result, many people believe that he used AI and algorithmic trading to increase his profits and build his wealth. However, these rumours have not yet been proven and there is no evidence to suggest that Elon Musk uses Qumas AI or any other type of algorithmic trading platform.
How Much Can You Earn From AI Trading?
Qumas AI isn't the only AI trading platform available on the market. Other platforms such as Biticodes and Chain reaction also promise large profits with very little investor effort. So, how much exactly can you earn from AI trading?
The answer to this question depends on the amount of funds that you invest into the trading platform. Typically, the more you invest the more you can earn. However, a larger initial investment also carriers a greater risk of loss. Qumas AI has a claimed success rate of 96.3% which means that an investment of $250 could potentially return $240. However, this should be taken with a pinch of salt. The exact earnings that you could expect to make from AI trading are unknown.
Is Qumas AI A Good Platform To Use?
Qumas AI is a cloud-based artificial intelligence (AI) platform that enables users to develop, train, and deploy their custom trading strategies. The platform offers a variety of features, including an easy-to-use, drag-and-drop interface, pre-built models, and integration with existing trade setups.
Qumas AI trading platform is great if you're looking for an AI solution that is both powerful and easy to use. The platform is unique as it allows users to set automated trades, without taking their abilities to set manual trades using the proprietary trading platform. Furthermore, because the platform is always up to date with new features and capabilities, you can be confident that you are always using the most advanced AI technology.
Qumas-ai also provides a free trial to help you familiarise yourself with the platform before you commit to a subscription.
Overall, the simplified UI, UX, and pre-built models available over the platform make it a great trading experience on Qumas AI.
Is Qumas AI Legal In The UK?
Yes, Qumas AI is legal in the UK. There are no restrictions on using artificial intelligence (AI) for trading in the UK, and Qumas AI complies with all UK laws and regulations.
However, Qumas-ai trading platform is subject to the same general law principles as any other technology. This means that Qumas AI in the UK must be used compatible with existing laws on data protection, discrimination, privacy, safety, and security.
There is a growing recognition that the Qumas-ai trading platform poses some unique challenges that must be addressed. Concerns have been raised about the potential for AI to be used for harmful purposes, such as creating "deepfakes" or being used in automated decision-making that could negatively impact people's lives.
The UK Government has set up a Centre for Data Ethics and Innovation to examine these issues and make recommendations on how to ensure that the Qumas AI trading platform is developed and used in a way that is ethical and benefits society.
How To Use Qumas AI in The UK
To start using the automated trading platform, you’ll need a stable internet connection. Qumas-ai offers a free trial, so you can test the features and see if it’s right for you before committing to a paid subscription.
To get started with Qumas AI, create an account and log in. Once you’re logged in, you’ll be able to access all of the features and start using them to improve your crypto trading strategy. For instance, traders could use the numerous tools to get an idea of the future price movements of a given token at any time. This way, they’ll have a better idea about what strategy would work for them.
If you're unsure how to get the most out of Qumas-ai, don't worry - the platform comes with extensive documentation and support. You can also check out our detailed guide below!
Register for a Qumas-ai account
If you're looking to start with Qumas AI, the first step is registering for a free account. With your account, you'll be able to access the Qumas AI platform and start building your first models. The process for registration is easy and hardly takes time.
Go to the Qumas AI website and click the “Register” button. Then fill in all your information in the form as required and submit it. Once your account is created, you can log in and use Qumas-ai.
Make a minimum deposit for the Qumas AI account.
To start with Qumas-ai, you must make a minimum deposit of $250 into your account. This deposit is used to cover the costs of the software and its associated services. Once you have deposited, you can access the Qumas AI software and begin using it.
Use a demo account
If you are new to online trading, practising with a demo account is important before investing any real money. This will allow you to get comfortable with the platform and learn how to place trades. Qumas offers a free demo account with all the same features as the real account. This is a great way to test the platform and see if it is right for you.
Start live trading
As a Qumas-ai user, you have the option to begin live trading with the assistance of this software. It will give you all of the tools and resources you need to get started, including a demo account with which to practise.
Once ready to start live trading, it will provide access to the exclusive Qumas AI Member’s Area. This is where you’ll find a live trading room, market analysis, and educational resources. So get started today and take advantage of the market opportunities!
Your money is at risk.
Is Qumas AI a Scam?
Qumas-ai is not a scam. It is a legitimate artificial intelligence software company that has been in business for over ten years.
Qumas trading offers different products and services businesses can use to improve their operations. One of the most popular products is the QumasIQ Bot, a software application that can automate tasks such as customer service, data entry, and order processing.
The company offers other products and services, including consulting services, training courses, and support services. Besides we also ran detail checks of Qumas AI across different websites and people are mostly positive about its services.
Considering the different aspects of the platform, we can say that the trading platform is safe.
Qumas AI - Our Conclusion
We believe that Qumas-ai is a great trading platform for crypto traders. The platform allows its users to access real-time data across different tokens present in the market. Adding to it, traders are allowed to set automated trade setups that would otherwise need to be done manually. Additionally, it provides valuable insights that can help you make better decisions to add to your crypto trading experiences.
However, if you are a beginner user looking to begin your crypto journey on a budget, Qumas AI may not be the best platform for you. Plus, the absence of customer support can be a concern as well. Though beginners might find it easy to use, we recommend Qumas AI for advanced and seasoned investors who understand the market and have trading experience.
Your money is at risk.