Quantum AI Trading

The sophisticated Quantum AI trading scam is catching out aspiring crypto traders. Quantum AI claims to use a powerful automated trading system to identify entry and exit positions in the crypto markets. And adding to its appeal are videos circulating online that Elon Musk has personally invested in the platform. The bad news is that Musk has no affiliation with the company. In fact, the real Quantum AI is a Google product.

So, what exactly is the Quantum AI trading bot? And if it is a scam, what are the best legitimate crypto trading bots?

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Quantum AI Exposed

Quantum AI is a trading bot that automatically enters trades in the cryptocurrency markets. The software uses a type of derivative, known as CFDs, to speculate on the price of 300 digital assets including Bitcoin, Bitcoin Cash, and Ethereum, without clients having to own or transfer tokens. The platform asks for a $250 minimum deposit to get started.

Quantum AI has gained real traction in recent months as fake videos of Elon Musk endorsing the platform have done the rounds on social media and online publications. Bogus videos explain how Musk developed trading software that uses quantum computing to trade financial securities with a 90%+ success rate, analyzing data 100 times faster than any other trading program.

The videos go on to say Musk recruited a “hand-picked team of engineers” from Google and Apple who have been developing the crypto trading platform for the last three years. There are also misleading claims that people can expect profits of between $1k and $2k on their first day.

Unfortunately however, these videos are fake. Scammers have overlaid their own audio file onto legitimate videos of Musk speaking, creating very convincing, but ultimately fake marketing materials.

Adding to the scam’s sophistication is that the con artists are piggybacking off of the current trends and legitimate interest in quantum physics and computing, plus artificial intelligence and machine learning.

With all this in mind, crypto traders should steer clear of Quantum AI.

How To Spot A Crypto Scam

The good news is that budding crypto investors can perform a few straightforward checks to verify the legitimacy of a crypto trading platform and automated investing bot:

Quantum AI Alternatives

Cryptocurrency investors have several good options when it comes to automated trading software. Our three top picks include:

See our full list of the best crypto trading bots available in 2024.