Trality supports cloud-based trading on multiple exchanges and allows traders to employ end-to-end strategies hidden from everyone. There are two options for users to create their robots, i.e., with the rule builder and the code editor. This review will explain its features, company background, strategies, prices, etc. for traders to get a better idea on investment.
How does this crypto bot work?
Trality trades several cryptocurrencies on Binance, Coinbase, Kraken, and Bitpanda by scanning the volatile market. Investors can create codes with the Python language for implementing unique strategies. The system will buy and sell positions based on the code written by the traders.
Getting started with Trality
Traders can start trading at Trality in the following steps:
- Signup on to the platform with your email and password
- Select Create new bot option from the dashboard
- Name it and choose between coding or rule builder
- Select the exchange and quote currency
- Choose a trading pair that is available on the exchange
- Configure the settings
- Run the bot
Company information
Trality was launched in 2019 by Moritz Putzhammer and Christopher Helf. The company headquarters exist in Vienna, Austria. The experts include Andrea Salcedo, a senior software engineer, and Ovidiu Popescu.
Features of Trality
The features and unique tools of Trality include:
Backtesting strategies
Traders can backtest their bots to optimize their systems and configure them accordingly.
Demo funds
It allows users to trade on virtual accounts without investing real money.
Renting on Marketplace
The marketplace provides earning opportunities for traders and creators by renting their bots.
Coding and predefined systems
With the code editor feature, traders write their codes to create unique strategies or benefit from the rule builder with preset settings.
Strategies of Trality
At Trality, the bots follow predefined strategies or custom signals. You can see the list of trading indicatorss in this image.
Pricing, fees, and commissions
Trality offers four different packages from which traders can choose one that meets their needs and save 20% on annual subscriptions. The Rook plan, which costs 39.99 Euros per month and 383 Euros per year, is the most popular. There are no fees from the trades.
They offer a free trial with a trading volume of 5000 Euros. It is restricted to one, and there is no money-back guarantee.
Deposit requirements
There is no information on a minimum deposit required to start trading with the bots.
What exchanges does Trality support?
At Trality, investors can trade on the following exchanges:
- Binance
- Kraken
- Coinbase
- Bitpanda
- FTX
What languages does Trality support in their product?
Trality supports English as the basic language on their website.
Can you really make money with this bot?
Trality recommends that the platform is best for users with Python knowledge. The trading records are not present on their website, raising questions regarding their systems’ validity.
Advantages of Trality
The benefits of trading with Trality bots are:
- They provide a free trial period.
- Traders can backtest their strategies before investing real money.
Disadvantages of Trality
Some of the drawbacks include:
- The bots are compatible with only five exchanges.
- It supports only one coding language giving fewer options for traders.
- Requires advanced skills in python for developing custom algorithms
Customer support
Trality provides various support options, such as educational tutorial videos, blog posts, documentation, and a team of experts on their Discord Channel. For questions, traders can contact the helpdesk or email. The platform has 24 customer reviews that form a 4.⅖ rating on TrustPilot. Most of traders are satisfied with this trading tool.
Who is the Trality suitable for?
Trality is suitable for traders who can write their codes in Python to configure complex strategies as they like. The platform also provides predefined bot settings for users with no skills in programming.
Trality summary: is it worth going for it?
Trality is a fully automated cryptocurrency bot compatible with only five exchanges. There are no backtesting results on their platform, and there is a limit on the number of algorithms. Traders can write their codes only in Python language. There are no guarantees from the developers in terms of profits or losses.
- Features: 7/10
- Ease of Use: 5/10
- Fees: 6/10
- Support: 5/10
- Price:6/10
- Payment methods: 4/10
