Qumas AI is a promising ai trading platform, from its robust algorithm to the technical indicators, market analysis, and demo trading, but watch out: Qumas AI isn’t regulated in the US and has a heavy entry price of €250. Check out our Qumas ai review to find out more about this new platform.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Trading bot: 10/10
Security & regulation: 4/10
Instrument traded: 9/10
Demo trading: 10/10
Trading fees: 9/10
Mobile application: 0/10
Total score: 7.0
Since its inception, Qumas ai has helped over 35,000 traders take their steps towards financial freedom by using powerful AI and machine learning tools to process technical indicators and execute trades on behalf of the trader.
Qumas AI trading tool processes RSI indexes, true range indicators, support, and resistance indicators, moving averages, and convergence and divergence indicators, amongst a host of other indicators, to execute trades, open and close positions, and protect investors from losses.
Qumas trading identifies the risks of trading instruments; hence, while it executes trades to maximize profit, the bot also limits your exposure to risks by closing positions after set stop-losses, predetermining when an instrument will most likely dip, and removing your assets before a full loss occurs.
With Qumas, investors can set automated trades, allocates funds to positive trades (rallies and value increases), and remove funds from instruments perceived to run into dips.
The power of Qumas ai trading platform goes beyond its ability to automate and execute trades. Qumas ai trading platform allows you to control the tool. You can set it on auto-pilot, trade alongside the platform, or even co-pilot with the trading software.
Qumas uses an algorithm to monitor the cryptocurrency and forex markets and find good trading conditions for its users. The website consistently analyzes technical indicators, from MACD to ATR and Relative Strength Index, and identifies potential turns in market directions.
When Qumas identifies a good condition, it sends out an instant signal to its users, and depending on the customized setup; it can automatically place trades. Qumas also executes all orders, from stop loss to stop trailing loss, and limit orders to take-profit targets. Unlike many other trading robots in the industry, Qumas ai bot gives users ultimate control to set up orders they want and control the outcome of the trade.
Qumas AI is created by trading experts, according to the website. Beyond the information above, almost nothing is known about the founders of the trading app. On their Contact Page, their address is listed as 1 Cleve, Monahan Road, Cork, Cork, Ireland, and emails are listed for contact.
Qumas ai has powerful learning tools to aid all sorts of trading, especially bitcoin trading and other crypto trading. Qumas also supports Forex trading. Qumas tools include, orders, technical indicators, market analysis, updates, and consistent alerts.
Qumas ai claims to have 24/7 customer support; however, their customer service is relatively slow. Even when you want to open an account, the customer still takes up to three hours before they can reach out to you and set up your account.
Qumas ai serves as a gateway between you and the market, allowing you to transact mainly cryptocurrencies and forex, track market movements, get instant news updates, track your losses and profits, and familiarize yourself with market conditions. With Qumas, you can access technical indicators, get simplified data on market conditions, and direct trade. Qumas isn’t just your everyday trading platform: it’s more like a trading assistant, helping you make the right decisions, mitigating losses, and maximizing profits.
Once you buy Bitcoin, Quimas ai releases data on:
Each asset you decide to trade or buy should reveal this vital information. Remember that trading is all about identifying patterns to predict price direction—and by patterns, also identifying the fundamentals of an asset.
The Qumas trading terminal offers three different order types that you can choose from depending on your trading strategy.
Limit Order
Market Order
Stop Loss Order
Let us understand what these options mean.
A limit order is one you set when you are particular about the ‘Buy Price’ of an asset. For example, you can set a limit order for bitcoin to $23,698. With this order, if the price of BTC does not drop to your limit order, Qumas ai won’t execute a buy. Deciding on a limit order is essential to buy at the lowest possible price; however, you have to be reasonable with the ‘Buy Price’ because if the asset’s price does not move below such price, the algorithm won’t execute a buy. You may lose out on a profitable trade.
A market order allows you to buy at different prices instead of a fixed price. With a Limit Order, you cannot buy unless the asset’s price falls at or below the order; however, Qumas ai will execute a market order when the price range hovers around your market order price. Let’s say you want to buy an imaginary EXF token and set the market order at $234.50; Qumas will execute the order if sellers are willing to sell at $235, 235.50. The’ Buy Order’ will go through as long as the price range isn’t far from your market order price.
A stop-loss order, on the other hand, protects you from dips or adverse market conditions. You can set a stop-loss-order before you open your position. If the price of the asset drops to that price, Qumas ai will instantly sell your holding.
In the long run, stop-loss orders work when buyers are willing to buy at your proposed price. People often ask, ‘Why does a stop-loss-order not execute even when the price reaches the point I stipulated?’ The crypto, forex, or stock markets work within a demand and supply pull and push; however, sometimes people would be unwilling to buy your asset at a market price. Such conditions include:
87% of Qumas ai orders go through – the percentage is incredible and encouraging and shows just how accurate the Qumas algorithm can get.
Order and trade books are held within the Qumas trading terminal. Each trader can access these books, keep track of their trades, or check their order history. Your order book shows all the trades you have made using Qumas ai, while your trade book shows all the orders you make in a day.
With your order book, you can:
You can find all your rejected and open (pending) orders in the order book. You will find a completed (fully executed order) in your trade book.
The Qumas trading terminal also displays the ask and bid price of all the instruments and assets it trades. If you want to buy a coin, say, Solana, you need a seller. Sellers post coins they want to sell at the prices they would love to offload them. As a buyer, you choose or decide a price that is fair to you. The price a seller posts is called the ask price, whereas the price you are willing to buy is the bid price.
The Qumas ai trading terminal does not do all the heavy lifting for you. Unlike many other bots out there, Qumas takes its time to educate you on all technical indicators, orders, and market conditions. This way, you get to learn how Qumas algorithm makes its decision.
Qumas ai demo trading platform allows users to experiment with live trading market conditions without exposure to the risks of trading. Unlike many trading platforms out there, Qumas trading values the power of intense education. Even if you use a trading tool to automate all your trades and make a profit, you won’t be able to replicate the executions of the trading bots because you don’t understand the ‘Why.’ Qumas ai extends its position to teach all investors thorough trading techniques by offering a demo account with sufficient virtual funds to execute trades.
Qumas masterclass is organized by the platform to ensure that users get up-to-date information on how to use the platform and understand forex trading, crypto, and investment in other instruments. Qumas is centered on crypto and supports a host of cryptocurrencies. Their teachings on technical indicators, fundamental analysis, and trading principles will go a long way in improving the decision-making process of beginner traders.
Qumas ai trading platform user interface is quite rudimentary and might be preferred by beginners. Trading indicators and live market updates are well-placed, and you can easily navigate through the web application. Unfortunately, Qumas doesn’t yet have a mobile application.
Qumas has a poor security layout. First, the platform has no ‘About’ page, so it’s impossible to identify anyone behind the project. Other than general information about the trading bot created by trade specialists, data analysts, and professional traders, Qumas does not reveal any other information about the team behind the project.
Qumas isn’t regulated by any agency—at least none known to the public. The trading tool isn’t regulated by FCA, Australian Securities and Investments Commission, ASIC, or the SEC, and yet, it seems to offer its services to a host of countries, including Australia, UK, China, and the United States. If you invest with Qumas ai, your funds are not protected by any of these agencies.
Qumas also does not have any information on its fund storage option and the security of its wallet. While 2-Factor Authorization is instituted in the platform’s security, it still does not cover for a lack of information on the bot’s cold or hot wallet options and other security features.
Tread carefully!
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Qumas does not charge withdrawal or deposit fees. Its fee structure for spreads and commissions on trade are not specified but seem to fluctuate depending on the instrument traded.
Beginner traders should tread carefully when choosing a platform. It’s important to conduct research on the regulations and security of Qumas. Most times, automated trading platforms are not completely regulated or are in the process of getting regulated. It’s important to research the regulatory bodies of your country and find out if Qumas is allowed to conduct trade with people within the said country.
You can also reach out to Qumas ai trading platform to get reliable information on their regulation. While their customer service may be slow to respond, they will get back to you within 24 to 72 hours. Beyond regulation, Qumas seems to be a decent trading platform.
But of course, like every other new trading bot platform, there are risks. Measure your risk-reward ratio, and trade carefully.
Qumas does not seem to be regulated in the US or any country at the moment. Information on its regulation isn’t available on the website, so it’s safe to assume that trading on this platform is risky.
Deposit a minimum of €250, and then gain access to Qumas live trading platform.
Access Quma ai demo trader and start paper trading to practice with the platform.
Once you feel confident enough to leave demo trading, start live trading. It is important to take your time and only use live trading when you are confident.
Qumas ai does not seem like a scam. The trading process looks legit and its live market terminals are also excellently created. Qumas ai also has over 35,000 people registered to its ai service; however, there are a few reservations we have on the trading platform:
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
Qumas ai is one of the new trading platforms on the block, and it separates itself from other trading bots by allowing users greater control over the algorithm. With Qumas, you can decide to let the bot make all the decisions; you can also have greater control over the bot, allowing it to give alerts and advise you on the best objective move to make.
Qumas does not have an app, so user. The lack of an app does not allow for flexible trading. Lastly, Qumas’s 250 Euros deposit fee is on the high side, given that the system is largely unregulated.
Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.
No, it isn’t advisable to use Qumas ai because of the security challenges. The trading bot isn’t regulated by any credible agency, and the platform charges a flat deposit fee of €250.
No, Qumas isn’t available on mobile.
Yes, Qumas has an excellent automated trading platform and bot. The platform’s powerful ai bot can help you track market movements using technical indicators and alert you on profit-taking opportunities and loss-stopping moves.
Yes, Qumas is a profitable trading platform. While a trading bot cannot be 100% correct, Qumas ai is programmed to notice even the slightest market changes of an asset and alert you to opportunities, increasing your chance to make a lot of money.
Yes, Qumas ai is beginner friendly. The trading bot helps you make objective trading decisions within a simplified trading terminal. You also have an excellent demo trading platform for practicing.
Kemi is a research writer and editor, and she explores news features on tech topics from blockchain to NFT, architectural rendering, metaverse, cryptocurrency, and home automation. When she isn't reading or writing, she spends time with her family.
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