In this article, we will cover WunderTrading Review, a new automatic copy trading platform. With a variety of unique features, this platform goes above and beyond to offer a seamless user experience.
The platform is geared at both rookie and expert traders because of its simplicity and abundance of features. Now, let's take a closer look at it.
WunderTrading Review: What Is WunderTrading?
As implied by the name, it is a "trading" platform. However, the "Wunder" translates roughly as "Wonder" due to the fact that it is capable of some truly remarkable feats!
Among the features available on WunderTrading are the following:
- Counterfeiting (Copy exact actions of other experienced traders)
- Create your own automated trading systems
- Using credit/debit cards to purchase cryptocurrencies
- Tracking portfolios across multiple exchanges
- Advanced trading terminal with the ability to automate transactions and strategies.
Of course, I'll go into depth about each of these aspects. That is precisely the purpose of this WunderTrading review, isn't it?
WunderTrading will never have access to your cash directly. They continue to be held in your exchange account. As a result, while the platform can execute trades on your behalf, it cannot steal or remove your assets.
Additionally, in the majority of circumstances, you retain control over the API's permissions. You have complete control over the permissions you desire to grant or withdraw. Even later, the API access can be revoked remotely, so eliminating any chance of financial loss.
WunderTrading Major Features:
Let's have a look at the various features of this platform.
The fact that you can register as a trader or an investor is one of the first things that distinguishes this platform from many others. By registering as a trader, you will be able to trade and earn commissions from investors for managing their money.
If you join as an investor, you will have the option of following one or more traders, which will allow you to mimic their trading techniques in exchange for a commission deducted from only profitable trades.
This is especially advantageous if you are a novice to trading or simply do not wish to trade but wish to profit from crypto. However, not every trader has access to an investor's portfolio.
One must first demonstrate proficiency in the market by accomplishing specified trading results. The traders with the highest performance are automatically picked and promoted to the top of the trader charts.
Wunder Trading's user-friendly trade interface enables you to link and manage several exchange account portfolios in a single location. Not only that, but if you are a trader, you can also manage the portfolios of your investors using an API.
Wunder Trading enables users to design and automate their own cryptocurrency trading bots. You do not have to be a coder to create one, as the platform includes step-by-step instructions and tutorials.
Wunder Trading is completely linked with TradingView, which means that you can construct an alert bot using TradingView's PineEditor and then convert it to a fully automated trading bot using Wunder Trading.
Additionally, users may simply backtest their trading bot techniques before entrusting it with their assets.
WunderTrading Review: Supported Exchanges & Setup
WunderTrading does not keep any of your funds. As a result, you'll definitely need to connect the platform to exchange. The exchanges are where your funds are physically held while you use WunderTrading to automate your duties.
To integrate WunderTrading with your exchange, you must use the exchange's API. I understand that you are not a programmer or a computer whiz and that you may have no idea what an API is or how to utilize it.
In most circumstances, it's as simple as copying and pasting. Almost every exchange has an API option/tab/link/page. If you are unable to do so, simply contact your exchange's customer care and they will assist you.
Simply choose the appropriate exchange on WunderTrading and provide the API key and the "secret" associated with it. Because these two are always presented on the same page, you may just copy and paste them here.
WunderTrading now supports the following exchanges:
To be quite candid, this is not the longest list. However, it does include nearly all of the major cryptocurrency exchanges.
WunderTrading Review: User Interface
Whenever I write a review, I always begin with the user interface. That is because a difficult UI guarantees rapid failure and renders any amount of features superfluous.
On the left-sidebar, you can access all of the primary functions and options. The center panel highlights additional features and provides an overview of your portfolio.
In any case, if you're reading this WunderTrading review, you certainly have some knowledge of computers and basic website design.
Copy trading is essentially "automated money earning with no knowledge or skills required." Assume you lack significant trading expertise. You lack technical analysis expertise or are simply a victim of poor decisions.
copy trading enables you to automate the process of "copying" what other competent traders do. Additionally, you can follow the bots produced by these traders.
Indeed, a study conducted by IBM's Watson Research Center discovered that duplicated trades generate far higher positive returns than typical (self) trades.
WunderTrading maintains an exhaustive list of publicly accessible traders and bots. It displays their trading volume, profit and loss, average profit/loss ROI, and the number of bots they use, among other metrics.
You only need to look at someone who has a positive return on investment. Detailed statistics about them can be accessed by visiting their profile.
This would include:
Additionally, the platform makes use of charts and graphs to help you visualize the trader's success over the course of a week, month, or year. Additionally, the profile displays the trader's ongoing and historical trades. This enables you to make informed trading decisions.
Additionally, WunderTrading gives you complete control over what you choose to replicate. You can either mimic the whole trader's actions (including the trader's TP and SL) or only the entry and exit points. Additionally, you have the option of allocating a percentage of your funds to this particular trader.
Copy trading is a fully automated process. That is, once you subscribe to and follow a copy trader, the transactions made by the copied trader are automatically copied and executed on your behalf.
In other words, you can completely disregard your account while it generates revenue for you.
To be quite candid, this is not a feature I frequently utilize. That is because I use TradingView or my exchange directly the majority of the time. However, it is a feature that most of you would undoubtedly like.
Thus, it is a trading terminal that is basically a modified version of TradingView. There are now two trading modes available:
Using the terminal is as simple as it gets. To begin, simply choose your order type. It might be a:
Additionally, you may specify the exact portfolio percentage you want to utilize for each approach. Multiple take profits, a stop loss, and even a trailing stop can be established in the same manner.
You can specify the exact size of the position as well as the percentage at which your TP/SL should be conducted.
Trading bots are a contentious subject. There are those who support it and those who oppose it. In either case, WunderTrading enables you to design your own trading bot.
Creating one is as simple as a few clicks and requires no coding knowledge. Obviously, I'd recommend this just to people with some experience trading or performing technical analysis.
You essentially establish your own rules. The take profit percentage, the stop-loss percentage, the trailing stop percentage, the percentage of cash you intend to allocate, and all other minor variables.
Once you're finished, the bot will adhere to your rules and trade on your behalf as you relax on a beach sipping a martini.
I'm guessing none of you reading this WunderTrading review do not possess cryptocurrency. However, if you do not have an account or wish to add to your portfolio, you can do so directly on WunderTrading.
WunderTrading's cryptocurrency buying services are powered by the extremely popular Simplex platform. It enables the purchase of the following:
Purchases can be made using VISA/Mastercard. Additionally, SEPA bank transfers are accepted.
Each transaction is charged a flat 5% fee by Simplex. Please keep in mind that Simplex does demand KYC verification for these transactions. The minimum purchase amount is 5 EUR, with daily and monthly transaction limits of 20,000 EUR and 50,000 EUR, respectively.
WunderTrading Pricing: How much does it cost?
As a result, the site enables you to watch traders, replicate their trades, develop your own strategies and bots, and even purchase Bitcoins What is the cost of WunderTrading? $0.00.
WunderTrading offers a free everlasting plan that includes nearly all of the features available in the pricier options (obviously with a few exceptions).
However, it does offer three paid plans:
The key distinctions between the plans are the number of available positions, active bots, and APIs permitted. Given the free plan and the cost of the subscription plans, I'd say it's a reasonably priced tool that won't break the bank.
WunderTrading Support
Before I complete this WunderTrading review, allow me to mention one final point. The business does provide live chat. On weekends, however, the live chat feature is unavailable.
When the support team is online, they are really quick and responsive. You do not have the impression that you are conversing with some robotically trained employees. Apart from living chat, the crew can be reached via email or phone.
Who Is WunderTrading Best For?
WunderTrading appeals to a broad variety of traders, but it is particularly well-suited for those interested in trading bots and automated trading.
The platform is simple and free to use, and with a good understanding of the fundamentals, users can not only construct bots for free but also utilize the platform's free scripts.
Is Wunderbit Safe?
Wonderbit has received a permit from the Estonian government authorizing it to provide services for converting fiat currencies to virtual currencies (with license number FVR000332).
As such, they abide by all applicable rules and regulations, including those pertaining to anti-money laundering, transaction security, fraud prevention, and data privacy.
Additionally, Wunderbit does not keep users' digital assets; instead, they are transferred directly to users' wallets following purchases. The website states that the security measures in place ensure authentic transactions and a top-notch secure platform.
WunderTrading Review: Pros & Cons
Let's have look advantages and disadvantages of this platform.
- Simple-to-use platform
- Copy-trading that can be customized
- Extremely sophisticated trading terminal
- Purchase of cryptocurrencies directly
- The plan that is completely free in perpetuity
- Support crew that is quick to respond
- The number of exchanges can be increased.
Final verdicts: WunderTrading Review 2022
So, how good/bad is WunderTrading as a trading platform? It's a great place to start, in my opinion, if you're even somewhat interested in copy trading or trading bots.
Naturally, you may also use the trading interface to perform advanced automation, but this requires some advanced trading skills.
In terms of upgrades, I'd like to see Wundertrading make bot construction a bit easier or more transparent. It is, however, not a deal-breaker.
In general, based on the price/features ratio, I'd think WunderTrading is well worth a try.
Why should you believe this WunderTrading review, eh? Try it out; it's completely free to sign up (no credit card required), so what do you have to lose?