The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Botsfolio Review: Pros, Cons, Recommendations
    Automated Trading Crypto Bots

    Botsfolio Review: Pros, Cons, Recommendations

    June 8, 20225 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Botsfolio
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Botsfolio is a crypto trading bot that allows traders to diversify their investments into short and long-term strategies. It employs a variety of long and short-term strategies to meet investors’ needs. The robot trades 24 hours a day, 7 days a week, and uses API credentials to connect to several exchanges such as Binance, Coinbase, and OKX. Traders can access the site by signing up for a subscription plan based on the value of their portfolio. This review contains all of the necessary information about this algorithm for you to determine if it can meet your requirements.

    Automated trading at Botsfolio: how does it work?

    Based on your financial goals and risk tolerance, Botsfolio will automatically divide your net investment into a combination of long and short-term strategies. It analyzes the market 24/7 for favorable conditions and operates independently with no need to create any trading strategies or set up any trading bots.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    The trading approach of Botsfolio
    The trading approach of Botsfolio

    Botsfolio bot features

    The key features of trading with Botsfolio include:

    • It performs 24/7 automatic trading on autopilot.
    • Botsfolio automatically deploys trading strategies based on market conditions.
    • Traders can start trading and configure your bots with zero knowledge.
    • You can track your robot and its trading activities from the dashboard.

    Botsfolio trading strategy: futures trading 

    At Botsfolio, the bots are able to execute value investing, hedge, fixed income, and futures strategies. Leveraged positions are used in all of the trades.

    • Scalping numerous times a day for modest gains
    • Price movements in swing trading
    • Trading with the help of moving averages and trends
    Strategies of Botsfolio
    Strategies of Botsfolio

    Steps to follow to trade with Botsfolio

    Botsfolio does not require users to configure the strategies or bots. You can start trading with Botsfolio in these steps:

    1. Create a new account and purchase a plan
    2. Choose the number of funds you want to invest
    3. Link crypto exchange to the bot with API keys

    Botsfolio fees & account minimum requirements

    There is a 15% performance fee charged quarterly on profits and a basic amount each year for providing the cloud service. The website does not mention the minimum deposit requirement.

    Botsfolio fees
    Botsfolio fees

    Exchanges compatibility

    Botsfolio provides trading services on the following exchanges:

    1. Binance
    2. OKx
    3. Coinbase Pro
    Compatible exchanges at Botsfolio
    Compatible exchanges at Botsfolio

    Coins supported

    The platform lacks a section that provides information about the supported trading pairs. 

    Botsfolio performance 

    According to the website, there are past performance records of Botsfolio with a +7.95% return on investment (ROI) each month. The monthly performance charts show a few metrics such as long or short, entry/exit price, for only one trading pair i.e., ETH/USDT. All the trades are in a profits however, these results cannot be verified making it suspicious.

    Botsfolio performance
    Botsfolio performance

    How to withdraw your funds with Botsfolio?

    Botsfolio cannot transfer or withdraw your crypto. Traders can only access them from their respective exchanges.

    Is it a costly crypto trading tool?

    The pricing plans are average for the available features. Each subscription depends on portfolio value and there is no free trial or demo account. The package starts from $4.75 for a basic account value between $1k-$3k and the premium costs $19 per month with a portfolio value of $50k-100k. 

    Pricing plans of Botsfolio
    Pricing plans of Botsfolio

    Botsfolio security and safety

    The platform states that Botsfolio has no control over withdrawals and deposits and only trades from your exchange. It lacks proper security measures because there is no information about encryptions and two-factor authentication. 

    Botsfolio regulation and legitimacy

    Botsfolio does not have any licenses from authentic authorities which could confirm the regulation of the platform. It is not featured on any reputable financial website and lacks important features like backtesting and paper trading. Trading results are only available to subscribers.

    Botsfolio team members

    The team members behind Botsfolio are unknown, as there is no information about the developers on its official website. It only mentions KribX Inc, USA in the contact us section. The lack of vendor transparency or company backgrounds raises serious concerns about the platform’s legitimacy and reliability.

    Is Botsfolio customer support good?

    Customer support at Botsfolio is not up to the mark as they only assist clients through email and the Telegram channel. There is no live chat, contact form, or phone number.

    Contact Botsfolio
    Contact Botsfolio

    User experience

    A trusted platform TrustPilot shows 28 customer reviews with a rating of 4/5. One of the clients comments that traders should be careful about using the platform because the support is not good and asks for $60 as fees.

    Customer feedback on TrustPilot
    Customer feedback on TrustPilot

    Is choosing Botsfolio the right choice for you?

    Traders should do their research before investing their valuable funds with any trading robot. Botsfolio has simple and basic features and limited support for only three cryptocurrency exchanges. The platform recommends that users should invest at their own risk because past performance does not guarantee future results.

    Botsfolio overview

    The main aspect of trading with Botsfolio, that makes it unique from other trading bots is that the strategies and bot work independently without requiring any customization and configurations. 

    Best For: Newbies
    Pros:
    • The platform provides the past performance of the bots
    • It has risk management intelligence
    Cons:
    • Lack of vendor transparency
    • No backtesting support or paper trading
    • Charges a fee of 15% on profits
    • It executes a limited number of trading strategies
    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    Botsfolio Crypto Bot Conclusion

    40% Summary

    Botsfolio has no backtesting support where you can test their products on historical data. There is also no paper available at the moment. It shows a lack of vendor transparency and company background or vision. There are a limited number of customer reviews on Trustpilot.

    • Features 4
    • Ease of Use 4
    • Pricing 4
    • Reputation 4
    • Support 4
    • Commissions 4
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022
    social trading

    Best Social & Copy Trading Platforms

    June 30, 2022
    Gunbot Review: Pros, Cons, Recommendations
    5.3

    Gunbot Review: Pros, Cons, Recommendations

    June 28, 2022
    Smart Crypto Bot Review: Pros, Cons, Recommendations
    4.6

    Smart Crypto Bot Review: Pros, Cons, Recommendations

    June 27, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    72  −  70  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.