Trality Review – Exploring the Domain of Crypto Trading Bots
This article is just for crypto enthusiasts! Today, let’s discuss Trality, a trading platform that’s been popular for quite some time. Is this trading bot still active? Buckle up as we take a stroll through its history, features, and much more. Read more in our Trality review!
| Company type | Trading Tool |
| Legal name | Trality |
| Regulation | No regulation expected |
| Registered in | Vienna, Wien, Austria |
| Established | 2018 |
| Website | Trality.com |
| Financial Authorities Warnings | No official warnings |
| Contacts | Data is hidden |
| If withdrawal is possible | n/a |
| Fees | Trality doesn’t take any fees |
| If Active on Social Media: | Linkedin, X, and Discord |
| Investor Protection: | No |
| Activity areas | United States, India, United Kingdom, Germany, Austria |
| Main threats | bid farewell on July 31, 2023. |
| Main perks | Excellent trading features |
About Trality – From Birth to Farewell
Back in 2018, Trality emerged with an interesting mission. Notably, this mission was to offer traders something beyond the ordinary. Founded in 2019 by Christopher Helf and Moritz Ptzhammer, this Austrian company introduced a cloud-based platform where users could craft and configure their crypto trading bots.
With the Python Trality API, this firm began using its rule builder and coder’s mode for bot creation.
The coolest part? Trality bridged the gap between pros and casual traders. We can see that the rule builder made life easy for non-coders, while the Code Editor let Python whizzes flex their coding knowledge. But here’s the kicker – Trality bid farewell on July 31, 2023. So, this review might just be a nostalgic trip down memory lane.
A Peek into the Toolbox
It’s time to talk about all the prominent features of this trading bot. Let’s dive in!
Trality Marketplace
Trality’s Marketplace serves as a meeting point for crypto trading bot creators and investors. Investors can rent bots tailored to their risk preferences. And, creators can monetize their bots, creating a win-win scenario.
The exclusive Marketplace includes bots covering various strategies, from Binance and arbitrage to margin, grid, intraday, and index-tracking bots.
Code Editor
Trality’s Code Editor is the MVP, a browser-based Python editor for trading bots. If you’re a Python pro, this tool lets you whip up sophisticated strategies in a breeze.
And, it comes with a debugger and interesting libraries like NumPy, Pandas, or Tulip. Quick start? You can choose from ready-made templates.
Rule Builder
For the non-coders out there, the Trality app presents the Rule Builder. Namely, this is a drag-and-drop interface for hassle-free algorithmic crypto trading. No coding knowledge is required!
You can create flexible bots using mathematical logic, with a bunch of predefined strategies for your venture.
Note: HeinerFx is an unregulated broker that claims to be based in the UK. We can see that it lacks crucial details such as an address and email.
Backtesting and Paper Trading
Trality bot makes transitioning into algorithmic trading a smooth ride with its robust backtesting tool. It’s fast, flexible, and records your backtest history.
Plus, before your bot takes the live-trading plunge, you can give it a spin with paper trading. Smart, right?
24/7 Cloud-Trading
Trality crypto bot is the whole package – bot creation, backtesting, and deployment – all in one user-friendly interface.
The cloud-based setup means no headaches with installations or server management. You could let your bot trade 24/7 without missing a beat.
How Much Does Trality Cost?
Curious about the Trality pricing options? This trading company offers (or should we say used to offer) a free plan to test all the services. Then there are 3 paid tiers, each named after chess pieces:
- Pawn (Free): Low-level trading volume, one live bot, unlimited backtests, and some log retention.
- Knight (95 euros/year or 9.99 euros/month): 2 live bots, one month of log retention, 2 virtual bots, and unlimited backtesting.
- Rook (383 euros/year or 39.99 euros/month): 5 live bots, 6 months of log retention, 5 virtual bots, and infinite backtesting.
- Queen (59.99 euros/month or 575 euros/year): Unlimited trading volume, 10 trading bots, 10 virtual bots, and unlimited backtesting and log retention.
Trality Pros and Cons
Pros:
- Advanced Bot Creation Tools: Trality excels at offering advanced tools that help users to finely tailor their trading strategies.
- Code Editor for Python: Python enthusiasts can leverage the Code Editor to script algorithms with precision.
- Intuitive Rule Builder: For those unfamiliar with coding, the Rule Builder provides a user-friendly drag-and-drop interface.
- Solid Backtesting Tool: Trality’s robust backtesting tool allows users to fine-tune strategies with historical data.
- Unified Browser Interface: Users can create, backtest, and live-trade within a unified browser interface. This is amazing!
- End-to-end Encryption: Security takes center stage with this bot, offering end-to-end encryption for algorithms.
- Well-Written Docs: Their documentation is well-crafted and quite simple.
- Completely Cloud-Based: The platform’s complete reliance on cloud technology eliminates installation hassles. We think this is a big plus!
Cons:
- Limited Trading Options: Trality falls short in offering futures and short trading options, limiting the range of available trading strategies.
- Exchange Limitations: Trality supports only 4 exchanges—Binance, Bitpanda, Coinbase Pro, and Kraken.
- Copy Trading Absence: The absence of a copy trading feature may be a drawback for users exploring diverse strategies.
- No Dedicated Mobile App: Trality lacks a dedicated mobile app, potentially limiting flexibility for users who prefer managing trades on the go.
Tip: You may think that Trust Capital is a regulated and safe broker. Indeed, their website is very user-friendly and convincing. However, Trust Capital Ltd is a copycat of the well-regulated firm Trust Capital TC Ltd.
Trality Bot Reviews
According to Trustpilot, this bot has received positive ratings. We spotted a commendable 4.3-star rating from 29 individuals. This is quite nice!
It’s clear that this rating reflects satisfaction with the platform. Still, it’s advised that users consider trading bots with ratings of 4.5 stars and above!
Smart Earning Opportunities
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Final Words
We can see that this trading bot offers a solid suite of features for algorithmic trading. Moreover, it’s clear that it truly suits a diverse range of users. Still, despite all of the positives, consider the limitations as well. There is the absence of futures trading and the lack of a mobile app.
Exploring the best offers out there, including our innovative AI Analysis Tool, is encouraged for a holistic experience! Remember, choose the offer that suits your trading goals.
FAQ
What is Trality?
Trality is a platform that offers AI-powered crypto trading bots.
Is Trality Legit?
We think so. This trading tool received positive ratings on Trustpilot.
Do AI Crypto Trading Bots Work?
They can be useful tools for sure! To test this out, check out our innovative AI Analysis Tool!
