|Support Types||Email , Phone , Chat|
|Languages||English and others|
|Trading Platform||Forex | Simplex|
|Minimum 1st Deposit||$100|
|Minimum Account Size||$50|
|Minimum Trade Amount||$25|
|Maximum Trade Amount||No Maximum|
|Bonus||Trade on Autopilot|
|Free Demo Account||Open Demo|
|Account Types||Advanced , Expert , VIP|
|Deposit Methods||Credit " Debit Card , Other Methods|
|Withdrawal Methods||Credit " Debit Card , Other Methods|
|Trading Currency||USD , EUR , BTC , ETH , LTC & pther currency pairs|
|Account Currency||USD , EUR|
|US Traders Allowed|
- Good for Beginner Traders
- Professional Training
- Trading on autopilot
- Black-box A;gorithms
Quantum Code Review
In 2017, cryptocurrencies such as Bitcoin, Ethereum and other altcoins skyrocketed in prices and became hugely popular and developed into a separate investment asset class. Fortunes were made and there is a number of people who became billionaires and millionaire on the back of the crypto bull market. We have seen the burst of a bubble and all the cryptocurrencies since 2018 decreased in value with many altcoins getting delisted from the market. But still, Bitcoin, Ethereum and other cryptocurrencies are being traded on a daily basis in large volume and present a great opportunity to make money for traders. One of the solutions that work well for beginner traders is automated cryptocurrency trading robots such as Quantum Code, Bitcoin Code, Ethereum Code and a number of others. With the crypto market still being unregulated, many beginners find it difficult to choose the reliable service providers, algorithmic solutions and trading venues. We still hear about scams where unreliable brokers or exchanges were delaying pay-outs or exchanges being hacked. In this Quantum Code review, we will share our experience trading Bitcoin and Ethereum with Quantum Code trading robot.
There are a number of ways to benefit from the volatile cryptocurrency market and one of them is day trading. The idea is that traditional forex markets and cryptos, in particular, present a good opportunity to benefit from a large number of small price moves within a day. By using technical analysis, day-traders try to predict the price moves and trade many positions a day trying to make a small profit from as many trades as possible. Such trading style is well suited for mathematically driven algorithmic trading, where computers are programmed to run specific algorithms to carry the technical analysis of the price charts and provide trading recommendations to buy and sell orders. Given the price-moves happen so fast and trades need to be executed instantly to lock the price, many traders also use computer algorithms to place buy and sell orders and run trading on auto-pilot. Computers don’t need to sleep, they can constantly monitor the market and trade in any time-zone 24/7.
Types of cryptocurrency trading robots
There are a number of ways to run cryptocurrency trading on auto-pilot and different types of trading systems. Some cryptocurrency trading robots are designed as analytical tools which allow you to analyse different strategies but also design your own. Zignaly, Cryptohopper, Haasbot and GunBot would be some of this type of robots. You can set up various trading signals from the pre-built library or follow pre-built trading strategies. Usually, such robots are connected to cryptocurrency exchanges via APIs to send trading orders. In such a case, all cryptocurrency exchanges will hold your digital tokens and that posses the certain risk of the exchange being hacked. So we would recommend going with the largest exchanges such as Coinbase Pro for example to minimise the security risks. It is also important to mention, that using this type of robot will require more advanced knowledge of technical analysis and some technical skills to allow you to connect to the exchange via API.
Another type of cryptocurrency trading robots is affiliated with CFD broker and would allow running automated trading strategies using Contracts for Difference. Such robots are Bitcoin Code, Ethereum Code, Bitcoin Revolution, Bitcoin Evolution, Bitcoin Miner and some others. One of the main advantages of these robots is that they are very easy to set up and use and therefore good for the beginners. Another advantage is trading CFDs so are not exposed to the security risk of crypto exchanges. But you need to have a good and reliable CFD broker as some of them could be a scam as has been reported. In this Quantum Code review, we will try to determine if this crypto trading robot is trustworthy.
What is Quantum Code Trading Robot
Quantum Code cryptocurrency trading robot is a software that allows you to trade cryptocurrencies on auto-pilot. The system works through connectivity with the CFD broker that allows Quantum Code to run trading algorithms for you. This crypto robot is aiming to do a larger number of smaller profitable trades and in general works well in volatile markets when the Bitcoin price goes up and down a lot. All you have to do is set up basic trading parameters, deposit money with the broker and monitor the progress of your trading strategies.
Is Quantum Code Scam or Legit?
Quantum Code is connected to the ForexBit CFD broker. According to the company website, ForexBit is a subsidiary of Alpha Capital Technology, the company operated out of Canary Wharf, London and registered in Sofia, Bulgaria. There is no information about the regulatory status so we assume that this broker is unregulated. That is not necessarily bad as many CFD brokers who are active in cryptocurrencies are not regulated by the traditional financial authority. We hope that this in the future will change and the regulated cryptocurrency market will add transparency and bring the feel of security to the market participants.
The ForexBit website looks quite modern with many details. You can contact support via the phone, email or chat. Company AML, KYC and Security policies are available too. ForexBit offers 4 different account types and two products – FOREX and SIMPLEX. You can also deposit funds with a number of payment methods.
The ForexBit CFD broker looks reliable and we have not seen any negative reviews. Sometimes people report problems with a trading system or it takes longer to solve certain support issues but in general, we have not seen negative feedback. But it is important to be careful when starting to work with a new CFD broker. Do not put too much money on the account from day one. Try the broker first, see how their support works and what they are like.
So can I trust Quantum Code? Our answer is yes until proven otherwise.
How to Open Account with Quantum Code?
It is very easy to set up an account with the Quantum Code. All you have to do is to open an account is to provide your name, email and telephone number. You will get access to the Quantum Code trading room where you will be able to set up a system for trading.
Once you register an account with Quantum Code, you will a call from ForexBit representative to help you to finalise trading set up, complete AML and KYC checks and deposit funds. Overall, the account opening process is easy and straightforward.
How to Start Trading with Quantum Code?
The Quantum Code trading algorithms are already programmed so all you have to do is set up basic trading settings which are listed below.
- Trade Amount – ticket size which you are prepared to trade and you can start with $25.
- Take Profit – profit target at which the trading position is closed. It allows you to automatically lock profit on each trade.
- Daily Take Profit – profit target at which you close all trading positions for a day, to lock in profit.
- Daily Stop Loss – maximum money you are prepared to lose per day. At this point, all trading positions will be closed and loss is locked.
- Maximum Daily Trades – the maximum number of trades per day. Allows you to limit trade orders while you are testing the trading algorithms and strategies.
- Maximum Concurrent Trades – max number of trades that can be opened simultaneously. Another risk measure that allows you to control the trading better.
As part of a trading setup, you can also choose which currency pairs you want to trade and you can choose USD, EUR, Bitcoin, Ethereum and a number of other altcoins.
Once you have funds deposited with the broker, you can start immediately by just pressing start auto-trading button. The trading will be set on autopilot and will be tunning on the background.
Can You Make Money with Quantum Code?
That is the million-dollar question everyone is asking and the answer to that is that there is no magic bullet. In general, there are many people who are making money in forex and crypto trading. The recent developments in technology also allowed to bring many tools and resources that were previously available to professional traders to the mass market. Now beginner traders have access to almost the same resources and trading systems as the most experienced ones. When conducting this Quantum Code review, it is reported that it is possible to make at least 1-2% daily profits, which totals to 25-30% per month. But it is also possible to lose as we have seen many cryptocurrencies decrease in value, it is much more difficult to make money in shard declines. It is important to remember, that investing puts your money at risk. Past performance is no guarantee of future results. So don’t invest more than you are prepared to lose.
Quantum Code Review – Conclusion
Quantum Code trading room is very similar to many other cryptocurrency trading robots such as Bitcoin Code, Ethereum Code and others. It is easy to open an account and deposit funds with CFD broker, so the overall user experience is positive.
ForexBit CFD broker is not regulated but that is more common in the crypto trading space. But the company is registered in the EU and is operated from London. It has good support and general response time is reasonable.
One of the potential disadvantages is that exact trading algorithms are not disclosed and are proprietary trading systems of the CFD broker. While some more advanced traders prefer to study charts and know their trading strategy inside out, others can rely on the broker to run them. At the end of the day, trading strategies are one of the best-kept secrets in the financial world so not many companies want to disclose them.
The trading profits are something that can vary and will depend on market conditions and your trading style. We heard about some good results but it is also important to remember that you can lose money as investing in cryptocurrencies is high risk. Also, if you are trading with ForexBit broker please share your experience and let us know what do you think and how Quantum Code is working for you!
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