Trality Review: Pros, Cons, Recommendations

Trality is a crypt trading platform offering bots and a marketplace that promises profit generation in a hassle-free way. A free plan is offered for users to try the platform first before they go for the paid plans. As per the vendor, the service caters to coding enthusiasts, casual traders, and traders who are interested in testing their strategies. 

Trality overview

The platform allows you to create and invest via its automated bots. As per the vendor, most traders lose due to emotional bias or a lack of automation. This service provides a marketplace that has bots catering to traders of all levels. You can invest in the predefined bots or create bots with the advanced tools present.

Automated trading at Trality: how does it work?

The automated bots in the platform work by directly linking with exchanges and automatic order placement. Decisions on the orders are taken by the bots based on the info they gather by monitoring the market movements and prices. They use preset rules to influence their decision. 

Trality bot features

The key features of this platform that make it competitive as per the vendor are:

• It uses a flexible rule builder for making logic.
• Algorithms used for the trading are created using Python API.
• A fast backtester tool is present to optimize the bots.
• The service has a daily trading volume of more than 10 million.
• Over 80000 verified users and more than a 100 million connected AUM are present.

Trality trading strategy: technical analysis

Pre-defined and custom indicators are used for the technical analysis and they include the Average directional movement index, Bollinger bands, MA Crossover, Chaikin A/D Oscillator, and more.

Steps to follow to trade with Trality

Here are the steps need to trade with the platform:

1. Visit the official site and use the signup button present in the top right corner to register. Provide your email address, create a password, and confirm the details to complete the signup
2. Create a bot by logging in to the site and using your account dashboard to create a new bot. Add a bot name, type, exchange, asset, and color
3. Choose the assets you want to trade on
4. Pick the parameters and optimize the settings
5. Select from the strategies available
6. Backtest the bot
7. Launch the bot for paper trading or live trading

Trality fees & account minimum requirements

The platform does not charge trading fees and there are no minimum requirements present as the funds are handled by the exchange directly. 

Exchanges compatibility

The chief exchanges the service supports are:

• Binance
• Kraken
• FTX
• Bitpanda
• Coinbase Pro
• Binance. US

Coins supported

Numerous coins are supported by the service including BTC, ETH, LTC, USDT, and more.

Trality performance

We are unable to know about the performance of the system as there are no verified performance reports provided.

How to withdraw your funds with Trality?

Withdrawal of funds is done on the exchange you trade on. The platform trades on your behalf and does not have a withdrawal feature.

Is it a costly crypto trading tool?

Monthly and annual packages are present that include the Pawn (Free), Knight (€9.99/€95), Rook (€39.99/€383), and Queen (€59.99/€575). Features provided include the smallest tick interval, rented bots, created bots, log retention, and an unlimited number of backtests. When compared to the market average, we find the service is expensive.

Trality security and safety

According to the vendor, the service uses only exchange APIs so your funds remain safe on the exchange. Further, the algorithms run 24/7 with the cloud-based setup eliminating the need for using a dedicated server. The service also uses end-to-end encrypted strategies.

Trality regulation and legitimacy

We could not find info on the regulation and licenses that the service has. 

Trality team members

The company was founded in 2019 by Moritz Putzhammer and Christopher Hef.  Other team members include Georgios Angelopolous, Mark Best, Igor Chernysh, and more. 

Is Trality customer support good?

For support, the vendor offers an email address, a Help Center, a blog, documentation, and links to its social media pages on Discord, Twitter, Facebook, Instagram, and YouTube.

User experience

A user-friendly interface is present with clear and precise sections including a resources section and a blog for guidance.

Is choosing Trality the right choice for you?

With the presence of features such as rule builder, code builder, and marketplace, the platform is best suited for traders skilled in coding. It may appeal to casual traders looking to grow their investment but the expensive pricing can deter them.