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.
QUMAS AI seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Clear documentation|Competitive fees|Educational resources|Regular updates
Cons: Desktop app not available on Linux|Limited ETF selection
The reporting at QUMAS AI is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Quick verification|Excellent charting|Detailed reporting
Cons: Cannot customize dashboard fully|No crypto staking
After seeing ads for QUMAS AI online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
The onboarding at QUMAS AI was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Dedicated account manager|Portfolio tracking tools|Copy trading available|Competitive fees
Cons: Limited cryptocurrency options|No dark mode on mobile
My withdrawal request from QUMAS AI has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Professional team|Helpful community forum|Copy trading available|Clear documentation
Cons: Desktop app not available on Linux