⚠ Summary: Exercise Extreme Caution
Quantum AI is a trading platform that claims to use artificial intelligence and quantum computing to generate automated profits in cryptocurrency and forex markets. However, this service has received formal warnings from multiple financial regulators worldwide including the UK's Financial Conduct Authority (FCA), Australia's ASIC and ACCC, and the Central Bank of Ireland. The platform is not authorized to provide financial services in most jurisdictions and has been extensively linked to deepfake celebrity endorsements, fake news articles, and aggressive marketing tactics designed to deceive investors.
🏛 Official Regulatory Warnings
The following warnings are from official government regulators and financial authorities. These represent formal regulatory positions and are the most authoritative sources regarding this platform's legitimacy.
The Financial Conduct Authority has issued a formal warning notice regarding Quantum AI. According to the FCA's official statement:
"This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams."
The FCA confirms that almost all firms and individuals must be authorised or registered by the FCA to carry out or promote financial services in the UK. Quantum AI is not authorised by the FCA and may be targeting people in the UK. The warning includes specific details:
Name: Quantum AI
Address: Quantum AI - UK Office, 35 John Street, Luton, UNITED KINGDOM, LU1 2JE
Telephone: +442035970878
Email: [email protected]
Website: quantumai.co
The FCA notes that some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses, and they may change these contact details over time. They may also give details that belong to another business or individual, so the information looks genuine.
Consumer Protection Impact: If you deal with this firm, you won't have access to the Financial Ombudsman Service if you want to complain. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business.
- Firm is NOT authorized or registered by the FCA
- No access to Financial Ombudsman Service for complaints
- No FSCS protection - unlikely to recover money if firm fails
- Multiple website variants and contact details flagged
- FCA explicitly advises to "avoid dealing with this firm"
ASIC has included Quantum AI on its official Investor Alert List, identifying it as an entity that is not allowed to offer investments in Australia. According to ASIC's media release (24-180MR):
"ASIC's takedown disruption capability interrupted scammers who used celebrities and high-profile Australians to promote fake investment trading platforms, such as Quantum AI, claiming to use AI technology and quantum computing to generate high returns for investors."
The regulator specifically notes that "fake celebrity endorsements, including from people such as Chris Hemsworth and Elon Musk, are used in these scams to entice consumers to enter into investments with low initial costs and unrealistic returns."
ASIC's Deputy Chair Sarah Court stated: "Australians are still losing billions of dollars each year to scams." Investment scams remain the leading type of scam impacting Australians, resulting in $1.3 billion in losses in 2023 alone.
The regulator has taken active website takedown action against Quantum AI and similar platforms. ASIC reminds all consumers to remain vigilant to social media hyperlinks that promote online trading and cryptocurrency investments. This follows ASIC's warning about fake news articles and deepfake videos of public figures that endorse online investment trading platform scams, particularly on social media.
- Listed on official ASIC Investor Alert List
- ASIC has conducted active website takedowns
- Fake endorsements from Chris Hemsworth, Elon Musk identified
- No Australian Financial Services License
- Part of $1.3 billion annual scam losses in Australia
The Central Bank of Ireland issued a formal Warning Notice on December 2, 2024, under section 53 of the Central Bank (Supervision and Enforcement) Act 2013. The official statement declares:
"Quantum AI is not registered to provide virtual asset services in Ireland."
The Central Bank specifically warns that "Quantum AI uses AI-generated deepfake videos, fake newspaper articles and photos of high-profile people through social media to deceive the public."
This warning is significant as it comes from a European Union member state's central bank and specifically identifies the sophisticated deception methods used by the platform. The Central Bank has also launched a broader campaign to help consumers avoid scams by highlighting how scammers' techniques are evolving, including the use of fake price comparison websites and fraud recovery schemes.
Deputy Governor Colm Kincaid noted that messaging around investment scams is changing, with an increase in artificial intelligence being used to create realistic social media ads and profiles impersonating public or business figures. These "deepfake" ads promote investment platforms or encourage consumers to join online "trading mentorship" groups.
- Official warning issued under Irish law (Section 53)
- NOT registered to provide virtual asset services in Ireland
- Uses AI-generated deepfake videos to deceive public
- Fake newspaper articles and celebrity photos identified
- Part of broader evolving scam methodology
The ACCC, through its National Anti-Scam Centre, has issued warnings identifying Quantum AI as one of the most prolific investment trading platform scams. In a joint media release with ASIC (24-036MR), the ACCC stated:
"Reports to Scamwatch indicate the most prolific online investment trading platform scam appears under the brand 'Quantum AI'."
The ACCC documented a specific case: "We know of an Australian man who lost $80,000 in cryptocurrency after seeing a deepfake Elon Musk video interview on social media, clicking the link and registering his details through an online form. He was provided with an account manager and an online dashboard where he could see his investment supposedly making huge returns. But when he tried to withdraw the money – he was locked out of his account."
The National Anti-Scam Centre's investment scam fusion cell, co-led by the ACCC and ASIC, has been active in disrupting investment scams such as online investment trading platform scams. ACCC Deputy Chair Catriona Lowe said: "In addition to referring these scam ads to social media platforms for removal, the fusion cell has developed a trial method for blocking payments to these scams."
The ACCC advises consumers to STOP – don't give money or personal information to anyone if unsure; CHECK – ask yourself if you really know what you are investing in; and PROTECT – act quickly if something feels wrong.
- Identified as "most prolific" investment platform scam
- Documented $80,000 individual victim loss
- National Anti-Scam Centre actively investigating
- Payment blocking methods being developed
- Victims locked out when attempting withdrawals
📰 Independent Reviews & Analysis
The following information comes from independent financial review sites and consumer protection organizations.
Which?, one of the UK's most respected consumer organizations, has conducted extensive investigations into Quantum AI. Their findings reveal a sophisticated global operation:
Last year, Which? exposed a global financial scam called Quantum AI, which impersonated celebrities to lure unsuspecting victims into dodgy investment schemes. Their Tech investigation found that "Quantum AI is a global scam that uses AI to impersonate celebrities and organisations, including the BBC, Elon Musk and David Beckham, to promote an investment scheme."
The scam has reappeared in recent weeks and Which? has found 12 adverts posted on Facebook and Instagram promoting Quantum AI. These include:
• An advert presenting an automation service claiming to be able to "mimic the trading styles of professionals" and "letting AI handle the market for you"
• An advert using Elon Musk's image, including fake tweets from Musk promoting the opportunity for Quantum AI users to "earn hundreds of euros a day"
• Multiple Quantum AI websites linked to the scam with Trustpilot reviews where recent reviewers claimed the scam impersonated Martin Lewis, Richard Branson, Jeremy Clarkson and Keir Starmer, as well as This Morning
Which? also notes that the Financial Conduct Authority issued a warning about Quantum AI, stating that it "may be providing or promoting financial services or products without its permission."
BrokerChooser, a financial broker analysis platform that tracks over 40,000 brokers for safety information and regularly monitors warning lists published by regulators worldwide, has concluded:
"Quantum Ai Trading is not a safe and trusted choice by BrokerChooser."
Their expert analyst states: "As a brokerage safety expert, I meet many people who have lost their money to shady brokers and scammers. I use data and warning lists published by regulators worldwide to analyze whether a brokerage is a legit entity."
The analysis confirms that Quantum AI Trading is not regulated by any top-tier financial authority, and advises investors to consider safer, regulated alternatives. BrokerChooser uses a combination of advanced scraping techniques and manual verification, incorporating user reports of fraudulent brokers and verifying each case through in-depth analysis.
User reviews on Trustpilot for Quantum AI Trading (quantumai.bot) are overwhelmingly negative. Common complaints from verified users include:
• "SCAM ‼️ Do not give them your number or they will ring continuously and be rude. They will ring from different numbers and harass you and spam you continuously."
• "FCA website warns about them. Had 32 phone calls from them in last 72 hours. 4 after 9pm on Fri night."
• "Lol…using Martin Lewis to promote your scam investments."
• "I was tired and did not think clearly and sent money to their investment advise - when they started to ask for copy of my passport or/driving license I woke up. After this - impossible to get my money back."
• "This company is a scam. It's all over the internet that they are a fake company. DO NOT give them your contact details. They have called me about 200 times in 4 weeks, sometimes 10 times a day."
Multiple reviewers reference the FCA warning and describe aggressive harassment after initial contact.
Traders Union has analyzed Quantum AI Trading and concluded:
"Quantum Ai Trading is not regulated by a Level 1 regulator. Quantum Ai Trading is not regulated by a Level 2 regulator. Quantum Ai Trading is not regulated by a Level 3 regulator. The company is either registered offshore or its registration number cannot be confirmed through official online databases."
Their analysis notes: "Quantum AI is a platform based on quantum artificial intelligence in financial trading. Quantum algorithms analyze market data, optimize strategies, and make decisions faster than traditional computers. However, this is still an early stage of development. Quantum AI is primarily associated with operations in the United Arab Emirates (UAE), specifically Dubai."
The Traders Union expert emphasizes that over years of working with analysis of financial companies, they have accumulated significant knowledge on how to distinguish scams from reliable companies.