Quantum Code is an old “Get Rich Quick” automated trading software that was established in 2016. It has now been recycled, and we are seeing renewed interest in this old gimmick.
You should check the website address you signed up at, and you will see that it is just another “burner” domain name. If you want to understand in depth how these scams operate, read this.
Quantum Code Scam or Legit?
Do you really think that a software which they claim is in beta testing, can turn a $250 deposit at an offshore Forex broker, into a consistent $50,000 a week? Sorry, but there is no trading robot that can do such miracles.
Before you fall victim to the most prevalent Forex trading scam, here are some things you should be aware of with the Quantum Code software.
Thousands of people just like you got an email about Quantum Code, but no one actually uses their product. You need to know that Michael Crawford is a fake name, and there is no money back guarantee. Once you deposit your money, you will never see it again!
All government regulators have warned investors about Get Rich Quick crypto trading scams. MoneySmart from ASIC in Australia has a long articles detailing what to watch out for, read more.
Warning! A Bad Broker With Steal Your Money!
First you should try free trading signals from ForTrade.
Quantum Code Review
The automated trading software that Quantum Code was using, gives you absolutely no control of the outcome. You have only one choice, and that is how much money the robot should place on each trade (see image below).
Fast forward to 2021, and there is no trading app actually there. You will instead be redirected to an offshore broker in Mauritius or Dominica.
Let’s say you opened and account with $250, and set the robot to trade $25 per trade. It can potentially place 10 trades an hour, and wipe out your trading account quickly. With Quantum Code we have no idea how many trades it will do each day.
The professional Forex robo advisors come with proper risk management controls like; daily max trade limits, stop losses and more controls, read more.
Scam Broker Warning
Many people use automated trading systems and robots for investing and trading. The problem happens when an investor trades with a bad broker.
You need to realize that the software is not where your money is, your money is at a “Forex broker”. What Quantum Code did, is they make you deposit, before you can see which broker is getting your money. That is an outright scam. They can easily take your money and put it with a proven scam broker, or even worse, just keep your money themselves.
Australian Regulators Warning!
“ASIC urges all investors considering trading in Forex / Crypto to check they are dealing with an entity that holds an Australian financial services licence.”
Traders who just want to trade Crypto or Forex without any automated system, should first choose a broker from the best brokers page.
Popular Algorithm Software
You can see the most popular trading systems and software on the Forex Trading Signals page.
Tell other investors which scam broker the Quantum Code told you to use, in the comment section below.