OctoBot Review – Partnership With Trusted Exchanges The Key

As can be seen, the OctoBot company has been owned by Drakkar Software, a firm registered in France. It all started in 2018 with two developers. The official launch was in 2021, and numerous integrations with trusted exchanges made this tool truly interesting.

However, some things are still not convincing traders to try it out. To see all the options for this bot and better alternatives, read this OctoBot review until the end.

What Is OctoBot Cloud?

OctoBot cloud represents automated trading solutions for crypto investors. Since this company has only developed a trading tool and doesn’t offer investment advisory services, regulatory oversight is not necessary. However, traders should always keep in mind that these tools are worthless if you work with shady investment firms.

 Anyway, the software uses different modes traders can set up to maximize their trading results. It can trade on the spot and in future markets while using different resources to make decisions. Some of those are: 

• Technical analysis
• AI and ChatGPT predictions
• Using market-making algorithms
• TradingView alerts
• OctoBot Cloud strategies 

What Are Traders Saying About The Tool?

One quite surprising detail about this software is that there are not many OctoBot reviews available. For instance, on Trustpilot, there are only two comments. But when you realize the company’s Telegram channel has only 325 subscribers, it’s clear it’s not as popular as it should be.

Generally, if it works, it would be far more popular. Nevertheless, the analytics show that this software is mainly advertised in countries such as:

• United States
• Uruguay
• France
• Argentina
• United Kingdom 

If you decide to try out these tools, do not do that with LTD Phoenix and EZ Invest brokers. After all, you want to withdraw the profits you make, considering you make any since very few people talk about the results.

Where Can Traders Apply The Software?

One big disadvantage of this trading tool is that it only works with cryptos. We all know how volatile the cryptos are and how difficult it is to trade them based on indicators. Therefore, be careful with it. All in all, the OctoBot robot can be used with 16 partnered exchanges like:

• Crypto.com
• MEXC
•  HollaEx

Also, some other exchanges were tested by the community, such as: 

• Kraken
• HitBTC
• Bittrex

With this in mind, traders will have a wide range of options. The problem is the limitation of tradeable instruments. 

For instance, if you use the Funded Trading Plus program, you can access all five major investment categories. Therefore, you raise your chances for profits, not to mention implementing any of the advanced or automated trading tools.

What Are Pricing Plans Available?

A good thing about the OctoBot software is that it comes with a free plan as well. Most importantly, it is without any limitations for traders in terms of how long you can use it. The free plan includes features like: 

• All strategies
• Unlimited bots
• Testing with virtual funds

The other paid versions include all this plus: 

• Portfolio tracking and automatization of TradingView strategies in the Investor Plus plan 
• Advanced TradingView automatization and Advanced investment tracking in Trader plan

OctoBot price in the Investor plan starts at $18/month, while for annual payments, the starting price is $14/month. The Trader program is a bit more expensive and starts at $54/month and $42/month for annual payments. Also, paid plans include a 14-day trial.  

What Support Options Are Offered?

With quite poor support options, this company might lose all credibility. If you need assistance setting up anything, there’s no way to quickly reach the company’s support. This can affect your results and possibly cause you to lose more than you expected. 

Nevertheless, you can send them an email for less urgent inquiries or try reaching out via Telegram or Discord.

Main Features Explained

As can be seen, OctoBot crypto trading tools use different methods to make their final decisions. But once you start analyzing all the options, you realize this tool is not the best solution for beginners.  

At least basic trading knowledge is required to understand some terms and how to set everything up. The key features are: 

• DCA Investing—or popularly Dollar Cost Averaging—is generally used for investing in and out of coins, and the goal is to make profits from local price drops.
•  AI OctoBot Strategies – Designed to follow DCA with the ChatGPT tool and follow coin and crypto trends
•  TradingView alerts – The platform is following your desired strategy, and once the conditions are met, the OctoBot software instantly buys or sells desired coins
• Paper Trading – allows traders to test live strategies but without investing real money

Summary – AI Tools Vs. Knowledge

AI tools can hardly replace understanding fundamental analysis and following news and trends. The major problem is always the software’s reliability. When you trade yourself, you know it’s all up to you. Hopefully, in the future, we will see more OctoBot Trustpilot reviews with more precise results.

Meanwhile, you can use other options instead of throwing money away in bots that may or may not work. One option is the Funded Trading Plus program, where you can test all the strategies and tools you want without risking your money.

The funded program is designed to motivate successful traders and help them make more profits, even though they don’t have physical capital—in this case, up to $200k. With profit split up to 90%, this could be a perfect match for any trader. You can explore Funded Trading Plus offers and choose the most suitable one for you. The experience will be unforgettable. 

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