Trality provides a platform for users to develop trading bots with code. It promises to bring your most advanced trading strategies to life utilizing its increasing list of tools and features. The system boasts of having 10M+ daily trading volume and more than 80k verified users. 

About Trality

Payment options: N/A
Price: €9.99/€95; €39.99/€383; €59.99/€575
Supported exchanges: Binance, Kraken, Bitpanda, and Coinbase Pro

Brand features

The characteristics of the software are listed below:

  • It provides a code editor that enables users to create bots utilizing Python.
  • It has an intuitive rule builder that provides predefined trading strategies and 100+ technical indicators.
  • The bot allows you to access financial stats with its easy-to-use API.
  • Backtesting and paper trading options are available to help users test their trading ideas on historical data.
  • it offers video tutorials that educate users about algorithm trading.

How does it work?

Trality is a crypto bot that assists you to generate your own trading tools or follow well-documented expert bots that can help meet your trading objectives. The platform provides a marketplace where users can publish and sell their bots. For each follower, you will earn a monthly rent for your effort. It is also possible to stay in touch with followers and fine-tune your bots together. 

Compatible exchanges

At this point, Trality only works with 4 exchanges. These include:

  • Kraken
  • Bitpanda
  • Binance
  • Coinbase Pro

How does Trality stand out?

Trality stands out because of its capable features. As said earlier, the platform offers a code editor and a rule builder that serve to meet the needs of coders and non-coders. With the former setting, Python experts can create web-based bots to aid them in their trading. Those that lack programming skills can utilize the drag-and-drop coding feature to build a simple bot. 

Best for: Python gurus and casual traders

The devs indicate that they have designed this tool for traders who desire to leverage their quantitative skills by coding refined trading strategies so as to increase their returns. Casual traders wanting to engage in automated trading to save on time and earn more income may also benefit from this platform. 

Pricing

The vendor provides both monthly and yearly plans. These are the packages:

  1. Pawn–Free

At zero cost, you get access to 1 live and 1 virtual bot, a €5,000 cap on trading volume as well as unlimited backtests. 

  1. Knight–€9.99 or €95

With this plan, you can work with 2 live and 2 virtual bots and a €25,000 trading volume. Still, you are allowed to conduct an unlimited number of backtests. 

  1. Rook–€39.99 or €383

This offer upgrades the number of live and virtual bots to 3 each. The trading volume cap is also increased substantially to reach €250,000. Unlimited backtests are available as well. 

  1. Queen–€59.99 or €575

Being the costliest, the Queen package allows you to use up to 10 live and 10 virtual bots on the platform. The trading volume and backtests are unlimited. 

How safe is Trality?

This bot takes security seriously. All user strategies are sandboxed, which means that no one else apart from you can see your trading ideas. An advanced firewall protection feature is also present to safeguard all systems against web attacks. It is important to remember that your funds always lie safely on the exchange you are using, so they are never held on your Trality account. This makes it impossible for the bot to touch your assets or even use official exchange APIs to execute orders for you.  

Trality reputation

Trality has a solid reputation in the crypto market. Ever since it was established in 2019, the platform has increasingly sought to bring automated trading to those in need. It continues to provide all crypto enthusiasts with access to the state-of-the-art tools they require to automate their own trading ideas or follow those already on the platform. It is no wonder that traders have come forward to testify of how the bot’s features have been useful to them. From the screenshot below, it is obvious that Trality’s clients are satisfied with the service. Otherwise, they wouldn’t have given it a near perfect score.

Trality’s page on Trustpilot. 

Is it a good choice for beginners?

The platform is not only easy to use but also provides tutorials for users to learn more about the product and hence gain more confidence in applying it. However, traders unfamiliar with Python coding may not get the full benefits of the code editor feature, such as developing advanced strategies.

Pros
Good reputation among users
A free plan is available
Backtesting and paper trading options are provided
Offers learning materials
Cons
Few exchanges supported
No mobile app
6.3
Verdict
Trality is a crypto bot that seems to be appealing to users, possibly because of its unique features. Python-savvy traders can leverage the code editor to create sophisticated bots to enhance their trading and earnings. Moreover, backtesting and paper trading options ensure you work with a strategy with minimal flaws. Unfortunately, you will be limited to working with 4 exchanges only.

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