Trality Review: Algorithmic Trading Bot

Trality is a cloud-based crypto trading automation platform that enables investors to code their algorithms in Python. The marketplace serves as a space for day traders to interact and discuss their algorithms’ strategies, ideas, etc. Beginners can start trading by using the built-in templates of the service. Let’s review the system’s features, offers, profitability, pricing, and much more to determine if it meets your trading needs.

Trality detailed analysis

At Trality, traders can trade on various crypto exchanges like Binance, Kraken, FTX, etc. It includes predefined signals such as CCI, money flow index, Parabolic SAR, momentum, Bollinger bands, etc. The platform claims to have $10 million+ trading volume, and over 80K verified users. 

How Trality works

Trality operates by interacting directly with exchanges and automatically placing orders. The decision to buy/sell coins depend on market movements and rules defined by the trader. To create advanced algorithms, traders should have astute skills in Python. 

Registration process

Traders can register and start trading with Trality in the following steps:

1. Create an account on the site using your email address and password
2. Select the Create new bot option from the dashboard
3. Give it a name and choose between coding and rule builder
4. Select the currency and crypto exchange from the list
5. Launch the bot.

Is it easy to use?

Trality offers two options for creating a bot such as:

• The code editor

You can create complex bots by writing code in Python. You can set your parameters and strategy as you like. 

• The rule builder

It does not require coding skills and offers predefined strategies and over 100 indicators. It is recommended for traders with no knowledge of Python.  

Trality key highlights

The essential tools and features of Trality includes:

• Professional traders can create complex strategies and bots with Python.
• The rule builder offers over 100 indicators and preset strategies, requiring no coding skills.
• It is a cloud-based software and trades 24/7 in the market.
• Backtesting enables traders to test and optimize their systems. 

Services offered by Trality

Trality allows traders to create their desired trading bots and provides a marketplace where they can rent algorithms. The platform offers virtual accounts to users for trading with demo funds for experience and testing the system. Investors can benefit from a free plan with a limit of €5,000.

Are traders satisfied with the trading performance of Trality?

Trality’s trading records do not exist on its website, and there are no links to check the actual performance of the bots. The lack of relevant findings raises questions regarding the validity of their systems. The platform has a 4.2/5 rating on a trusted third-party website TrustPilot with 24 reviews. The customer feedback mentions that the site does not work.

Does it have a native token?

Trality is a crypto trading bot and not an exchange. It does not have a native token. 

Trality user interface

The website’s user interface is average, and the dashboard includes various sections to assist you in finding the answers to your queries. However, it only supports the English language in their product.

Is it a good bet for its price?

Trality can be purchased in 3 subscription plans such as:

• Free

€5,000 trading volume/1 week log retention/ unlimited backtests.

• Basic

€25,000/1 month log retention/etc.

• Popular choice

€250,000/1 rented and five created bots/etc.

• Premium

Unlimited trading volume/1m smallest tick interval/10 created bots.

What exchanges does it support?

Following are the exchanges that Trality supports:

• Binance
• Binance US
• Coinbase pro
• Kraken
• BitPanda
• FTX

Trality trading assets

Traders can trade all the coins available on cryptocurrency exchanges with the Trality bot. 

Are there any fees?

Trality does not take any fees from the trades. 

Withdrawal process

Trality does not provide information about the withdrawal process of funds on its website. We do not know if there is a limit on withdrawing the amount. 

Trality: is it legit?

Trality seems to be a legit platform, and the website mentions that it is featured on reputable websites like The Cointelegraph, Investing.com, Trending topics, and Der Brutkasten. 

What kind of security does Trality offer?

Trality does not access the trader funds and only uses official exchange API keys. It provides end-to-end encryptions for trading strategies.

Is Trality regulated?

Trality is an unregulated software as it is an online platform offering multiple robots for traders. There is no need for it to come under the regulation of financial authorities.

Best recommended for: professional traders with coding skills

It is best for Python Gurus because they can edit all the aspects of the bot with coding according to their requirements. Traders should be aware of the risks involved with crypto trading.

Trality customer support

Trality provides various support options, such as educational tutorial videos, blog posts, Documentation, and team on Discord Channel. Traders can use Helpdesk or send the devs an email.

How does Trality’s reputation look?

Trality was formed in 2019 by Moritz Putzhammer (CEO) and Christopher Helf (CTO). The company headquarter is located in Vienna, Austria. Experts include Georgios Angelopolous, Mark Best, Igor Chernysh, and Ovidiu Popescu.