Beware! This is an offshore broker! Your investment may be at risk.
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Crypto robots such as QuantumAI are splattered throughout the Forex trading world. Often made in the most absurd manner – their websites are quite self-serving and we will explain why. In most cases all they have to offer is a simple, narrated trailer-video which, ideally, should convince traders to invest with them. And QuantumAI does not differ from the pack. It markets itself through a phony story about quantum computing. Here is a screenshot:
We read that quantum computers have the potential to massively speed up certain types of problems. We get redirected to the main website of the crypto robot and we are not surprised at the lack of information. Usually with crypto robots there is a video-trailer which is quite gnarly and unclear as to what precisely it offers, besides, of course, unlimited winnings for the “new members”. Sure enough, we come upon a six minute video which features Elon Musk giving a lecture on quantum computing which, however, we do not discern how it relates to the crypto robot. We do read with capital letters that through “smart trading we may win more than $2000 a day” with QuantumAI. We learn absolutely nothing about the product the crypto robot purports to provide, there are only small irrelevant pieces of information scattered through the website. Here is a screenshot of the webpage:
From what we could gather – there appears to be some sort of autotrading application that needs only our initial deposit to begin filling our pockets with daily winnings.
No name, no address, no number
After doing our usual research we come across disturbing, but not unexpected, results. It turns out that QuantumAI is part of probably the most popular scam out there. Precisely through such websites, dressed up with farcical opportunities for winnings, traders are convinced to register and carelessly give away their address, phone number and email. Minutes later that same personal data is sent to brokers as “leads” and the registered traders begin getting phone calls from unregulated forex brokers like Trigold or CCDFBank, urging them to invest. Cheap traffic is actually the product QuantumAI are offering, not some quantum computing product that may incur riches to any willing trader. And it would appear that QuantumAI is connected with the Bulgarian unregulated brokerage Tradewell. More often than not, unregulated brokerages rely on such methods for attracting clients to their trading platforms. After registering with the crypto robot we were redirected to the website of the brokerage. Here is a screenshot:
No verified track record
Even if we choose to believe QuantumAI about it’s new product – which we certainly do not advise – there are still problems. To put it bluntly – we have no assurance for results. In trading there are social trading platforms such as the Zulutrade where you may search through the profiles of different traders and see how much they are winning or losing before investing funds with them. This is done through tracking every deal they have made and even seeing the results of all the rest of their followers. Such transparency adds significant assurance and partially, if not fully, removes risk. Where as with half-baked and senseless websites such as QuantumAI you are relying on blind faith.
No regulatory supervision
Furthermore, there is absolutely no regulatory guarantee about the whole product. The people behind the website do not fall under any regulatory oversight and their hands are untied to do pretty much as they wish. They also lack SSL encryption which compromises any information transferred through the website.
Last, but not least – the mere way in which such operations look for funds should raise major security concerns. If the crypto robot truly did offer an exciting and legitimate product, it would have found an alternative way of financing itself, instead of relying on cheap traffic through a cheesy bait-clicking commercial about itself. They could apply for a credit at the bank or raise money through crowd-funding. Although, in order to do that successfully, they have to be legitimate – which they most likely are not.
All in all, QuantumAI comes across as a standard scam operation – the likes of which we have seen a lot – and we advise those interested not to risk it.