Trality is a cloud-based, fully automated crypto bot offering several tools and services for beginners and professional traders. It is a platform where you can write your strategies with Python coding and configure it according to your requirement. The bot offers pre-built templates and supports multiple exchanges such as Binance, Kraken, etc. Our review will look into several aspects of this algorithm, like features, connectivity, performance, and much more, to let you decide if it is worth using in 2022.
What is Trality?
Trality claims to have 10M+ trading volume, over 80,000 verified users, and 100M+ connected AUM. The marketplace offers services for developers and users where you can rent your algorithm or copy trade.
How does Trality help traders?
Trality trades crypto by communicating directly with supported exchanges. The bot places orders by making decisions based on market prices and movements and your specified trading strategy. Access to the algorithm is possible by linking API keys. Several signal generators and custom indicators, such as Bollinger Bands, CCI, Make crossover, etc., are available.
Trality main features
The main features of trading with Trality are:
- Code editor and a rule builder
- Cloud-based platform with full security
- Market place to buy and sell your systems
- Paper trading enables you to trade and test your bots with demo funds
Ease of use
At Trality, an investor can create their trading bot with Python skills or use preset templates and strategies. The code editor requires coding skills enabling you to configure its setting and parameters according to your needs. The rule builder is suited for beginners with no programming knowledge and includes over 100 technical indicators. Drag and drop signals and link them with Boolean logic.
Traders can configure the following buy and sell settings according to their trading needs:
- Maximum open positions and orders per trading pair
- Maximum or minimum buy amount
- Take profit
- Stop loss
Safety and security
Trality takes the various steps to protect its users and their funds, such as:
- Sand boxed strategies (browser-based, which means that only you can see your trading strategies, and it has end to end encryptions)
- Cloud-based (it does not require you to make trading servers)
- Firewall protection
The customer support team at Trality assists users in the following ways:
- Discord channel
- Tutorials, blogs, and documentation
Trades have left 25 reviews on a trusted platform like TrustPilot with a 4.1/5 rating. A user comments that the platform is not easy to use for beginners as claimed and has lost a lot of money because of no coding skills. Another trader writes that it offers the best tools for professionals.
Another trader comments that they found that the platform is great to use. It is awesome for professional investors.
The platform does not guarantee profitability and states that traders should not invest more than they can afford to lose. Its website has no performance records. It provides statistics generally used for backtesting.
What does it cost to use Trality?
Trality offers four subscription plans, including a free package. The basic subscription cost €9.99, has a trading volume of €25,000, and has a 60m smallest tick interval. Other offer cost €39.99 and €59.99 respectively. They differ in created bots and log retention.
Trality supported exchanges
Trality works with the following crypto exchanges:
- Binance US
- Coinbase pro
Deposit & withdrawal requirements
Trality lacks information on its deposit and withdrawal requirements. The platform states that there are no fees on your trades.
How to get started on Trality?
Following are the steps for designing a trading bot with Rule builder:
- From the dashboard, click on create a new bot option
- Name it and choose bot type
- Select the available crypto exchange from the list and the quote assets
- Select from the ten available base assets
- Configure trading parameters and launch the bot
The core team of Trality
Trality was launched in 2019 by Moritz Putzhammer and Christopher Helf, and the head office of the company exists in Vienna, Austria. Their profiles are also available on LinkedIn.
Trality Crypto BotTrality
Key Features3/10 Bad
Security and Reliability6/10 Normal
Customer Support4/10 Passably
Public Experience5/10 Neutral
- It allows trading on a virtual account with demo funds
- Unlimited backtesting support in all subscription plans
- Supports a few crypto exchanges
- Expensive pricing plans
- Not suitable for novices