Forex Robots

Trality Review: Is This Crypto Bot Safe and Legit?

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Trality

Trality seeks to bring automated algorithm trading to everyone. It ensures that you don’t lose out in the crypto market due to poor timing or emotional trading. As a result, you will be able to rake in profits. Currently, Trality has 80k+ verified users and 10M+ in daily trading volume.

About Trality

Trality provides all traders in the crypto market access to state-of-the-art tools they require to build their own trading strategies or follow the ideas of other advanced traders.

Trality review: key features

The bot has a variety of features, which are listed below:

  • It comes with a flexible rule builder to assist users in creating trading logic.
  • The system includes a powerful Python API to code algorithms.
  • It supports backtesting and paper trading.
  • Trality has a marketplace where coders can share their strategies.

Trality: trading strategy

The platform allows you to work with multiple indicators, such as the average directional index (ADX) to determine the strength of a trend, Bollinger bands, CCI, Parabolic SAR,  Momentum, MA Crossover, Ultimate Oscillator, etc.

Security of Trality

Trality will never access your funds as they will always remain in your chosen exchange. The bot only uses official exchange APIs to implement orders for you. Also, the platform’s team vets all bot creators carefully to ensure they provide secure systems for your consumption. Moreover, all strategies and algorithms are sandboxed entirely, so no one can steal your ideas. Last but not least, advanced firewall protection is implemented to safeguard all the systems against cyber-attacks like DDoS attacks.

Is Trality safe?

Yes, it is. The company is committed to adhering to the most stringent security protocol to ensure that all of its systems are secure and stable.

How much does Trality cost?

The cost of acquiring Trality will depend on the subscription plan you decide to work with. We have the Pawn service, which is absolutely free. The Knight, Rook, and Queen Packages cost €9.99 per month or €95 per year, €39.99/month or €383 per year, and €59.99/month or €575 per year, respectively. All plans include unlimited backtesting. There are additional parameters, such as smallest tick interval, rented/created bots, trading volume, and log retention are available, but their distribution varies according to the chosen plan.

Deposit and withdrawal

All deposits and withdrawals can only be made through your crypto exchange since Trality is not designed to hold money.

Does Trality charge fees and commissions?

Trality neither takes fees nor commissions from your trades.

How much profit can it earn?

This bot does not guarantee profits for users. As the vendor puts it, the crypto market is volatile and unpredictable, so any trading activity is eventually done at your own risk. In that regard, you are advised never to invest more than you can afford to lose.

Company reputation

Trality was founded by Moritz Putzhammer (a business Ph.D. holder) and Christopher Helf, who oversees all technical developments on Trality. Other professionals working in the company include Georgios Angelopolous, Mark Best, Igor Chernysh, and more.

Trality reviews

Customers currently using Trality seem to be happy with its services, going by the many positive reviews they have given it. One trader says that the bot’s free plan is adequate for trading with a moderate appetite. He is also content with the €5000 trading volume. Another one is happy with the rich tools on offer, friendly community, fair pricing, and rapid backtester. Even then, there are a few naysayers. One of them claims that the bots don’t perform well in the real market, and he lost a lot of money as a result.

Positive user reviews

Positive user reviews

Negative customer feedback

Negative customer feedback

Who is Trality for?

Trality may be suitable for both Python gurus and casual traders. On the one hand, the platform can help coders optimize their quantitative skills as they code sophisticated algorithms to increase their returns. On the other hand, it allows casual traders to trade faster and more efficiently.

Trality: supported devices

We don’t know which devices we can use the bot on because this info is not in the public domain.

What exchanges does Trality support?

Trality supports these exchanges; Kraken, Coinbase Pro, FTX, Binance.US, Bitpanda, and Binance.

Trality: customer care

The platform provides various support options, such as informative tutorial videos, Trality Docs, and blog articles. A friendly team of professionals is also available on its Discord Channel to address your needs. You are advised to consult the Helpdesk or write to the support team through email for more specific queries.

 

Trality Crypto Bot

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Trality was created with bot coders and non-coders in mind. It features a rule builder, which can help beginners develop, backtest, and trade their strategies like professionals. At the same time, advanced users can benefit from the code editor to create sophisticated techniques to boost their outcomes. Even better, the platform won’t take any fees or commissions from your profits. Sadly, only 6 exchanges are connectable, and with no proven record, we are not sure what amount you can earn with this software.

  • No fees or commissions
  • Backtesting and paper trading features are present
  • Positive user feedback
  • Supports the needs of coders and non-coders
  • Only 6 exchanges are connectable
  • Doesn’t guarantee profits
  • No mobile app yet
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