Quantum AI has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Quantum AI. We’ve received over 7 complaints against Quantum AI.
Quantum AI, a platform blending cutting-edge tech with forex and commodities trading within an MLM structure, has sparked interest since its 2023 inception. Despite its innovative approach, concerns over transparency, regulation, and the legitimacy of its operations, particularly its flagship AI trade bot, Quantum Hulk, and its complex compensation plan, suggest caution.
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Key Takeaways
Is Quantum AI Regulated? Do They Have a License?
People who trade in forex and commodities have become interested in Quantum AI, especially as a Multi-Level Marketing (MLM) company.
Since its start last year, it has found a place for itself in a niche that blends cutting-edge technology with more traditional ways of trading. “quantum.ai,” the original domain for Quantum AI, was created on December 12, 2023, marking the start of the platform’s digital life.
The first research into Quantum AI showed that David Wood was the most important person, with the help of two unnamed co-founders. As of March 2024, the platform’s website mostly serves as a place for affiliates to sign up and log in.
It doesn’t have much information about how it works, who runs it, or what products it sells. Like the names of Quantum AI’s executives, the company’s working base is kept secret. However, David Wood works from Costa Rica.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Quantum AI is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Quantum AI, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Quantum AI
“Quantum Hulk,” an AI trade bot sold by Quantum AI, costs $14,997 (USD). Along with three other algorithms, this bot uses the so-called “Hulk Smash Algorithm,” which means it should be able to work with any third-party dealer. But information about the development team or the bot’s specific features are still not clear.
Pay Structure
Number of sales and MLM commission requirements
Quantum AI describes a payout plan that pays affiliates based on how many copies of the Quantum Hulk bot are sold, both by affiliates and by regular people. An important part, 33% of the bot’s selling price, or $4,949.01, is set aside for sales volume. After taking out $950 for a “product company,” the MLM pay plan is supported by about $4,000. Affiliates must either sell or buy the Quantum Hulk bot themselves in order to get paid.
Ranks and requirements for affiliates
There are nine affiliate ranks in the pay structure, and each one has its own set of requirements for becoming a member. These range from the lowest “Quantum Ace” rank, which requires three retail commissions or one recruitment leg to be “leadership qualified,” to the highest “Quantum Tesseract” rank, which requires twenty-seven retail commissions or nine recruitment legs to be “leadership qualified.” Leadership qualification is a complicated mix of sales and hiring goals within the affiliate’s network.
Commissions for retail sales and hiring
Quantum AI pays commissions on sales to both regular customers and affiliates they’ve hired. The rates go up as the affiliate’s rank goes up. The system uses a coded bonus system to make sure that higher-ranking affiliates get a big chunk of the commission pool and that earnings are split among the different ranks.
Signing up for Quantum AI
It is possible to become an affiliate member of Quantum AI for free or for a fee, the amount of which is not made public. The membership structure is hard to understand and makes the platform’s activities even more difficult.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Quantum AI Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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Quantum AI Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Quantum AI tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Quantum AI reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Quantum AI, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Quantum AI enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Quantum AI reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Quantum AI.
You should always look out for consumer complaints. In the case of Quantum AI, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Quantum AI? You can share your complaint in the comment section or submit an anonymous tip.
Is Quantum AI Legit Or Scam?
Quantum AI is a company that combines cutting-edge trade technology with an MLM structure. It is known for its pricey AI trading bot and complicated compensation plan. Even though the platform takes an innovative approach, it has major problems with transparency, including complicated commission structures and operating details that are not shared.
There isn’t a lot of clear information about how the Quantum Hulk bot was made, how well it works, or who made it. This makes people wonder about its trustworthiness and value. Additionally, the compensation plan’s complexity may make it harder for possible affiliates to understand and join.
People who want to take part in Quantum AI should be careful because there are a lot of unknowns in terms of regulations and operations. The platform’s focus on hiring new members and the high cost of the trading bot could make it look like a pyramid scheme, which is why financial officials should be looking closely at it.
Quantum AI is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Quantum AI can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Quantum AI?
All the evidence suggests that Quantum AI is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
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How The Quantum AI Online Scam Works
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