QUMAS AI has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Opened my account with QUMAS AI after seeing their ad online and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Excellent charting|Competitive fees|Detailed reporting
Cons: Mobile app could be improved|Live chat only during business hours
The mobile app from QUMAS AI is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Educational resources|API access|Personal attention
Cons: Could offer more webinars
I found QUMAS AI after a family member had a good experience and the initial impression was positive. But for about five months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Stable platform|Smooth onboarding|Real-time alerts|Social trading features
Cons: Nothing significant|No live chat on mobile
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. QUMAS AI said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Excellent charting|Educational resources
Cons: Could offer more webinars
After doing some research AFTER the fact (I know, I should have done this first), I discovered that QUMAS AI is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
What really bothers me about QUMAS AI is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a forum discussion and I fell for the polished exterior. Never again.
Pros: Full transparency|Two-factor authentication|Reliable uptime
Cons: Limited demo account features|Limited cryptocurrency options
I signed up with QUMAS AI from a review site like this one and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Regular updates|Easy to use platform|Multiple order types|Comprehensive tools
Cons: Limited cryptocurrency options
I experienced a security concern with my QUMAS AI account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Detailed reporting|Easy withdrawals|Quick verification
Cons: Email notifications too frequent|No integrated tax optimization
After using QUMAS AI since I retired last year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Excellent charting|Automated trading options
Cons: Charting tools need more indicators|Wait times can be long during peak hours
Customer support at QUMAS AI seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Low minimum deposit|Professional team
Cons: No fractional shares