The crypto markets can be a thrilling rollercoaster with seemingly endless potential profits, but they can also be daunting, especially for beginners. The volatility of this exciting asset, what feels like an endless stream of new information, and the constant need to adapt can feel overwhelming, even to seasoned traders like us. Our team has all had butterflies in their stomachs when trying to time the market just right or keeping on top of the latest trends.
And we’re surely not alone. Every trader, whether in crypto or traditional investing, has felt those same butterflies, and platforms like WunderTrading position themselves as being able to help you get rid of those nerves.
WunderTrading aims to simplify crypto trading through automation, social trading, and tools designed to streamline your strategy. It claims to be a one-stop shop that levels the playing field, allowing you to invest alongside the most experienced traders. But does it live up to the hype?
In this in-depth review, we’ll take a deep dive into WunderTrading’s features, user experience, pricing, and more. We’ll explore its strengths and weaknesses and give you our unbiased assessment, helping you decide if it’s the right platform to take along on your crypto journey.
What Are WunderTrading’s Key Features?
With over 98,000 traders and a 30-day trading volume exceeding USD 380 million, the platform has certainly made its presence felt in the automated trading landscape. To understand why it has such appeal, we take a look at its best features.
Automated trading bots
WunderTrading’s automated trading bots are the cornerstone of its market appeal. Its range of bots allows users to trade with predefined strategies without manual intervention.
The platform integrates with TradingView, a popular charting and analysis tool, allowing you to import strategies or scripts into your chosen bots. The process is relatively straightforward: when TradingView generates an alert, it’s relayed to WunderTrading. The platform then translates this alert into a strategy order and sends it directly to the connected exchange for execution. This streamlines the trading process, reducing your nervousness and making emotion-led trading (which is often irrational) less likely.
Copy/social trading
WunderTrading encourages social trading through its copy trading functionality. This is where you can replicate the trades of experienced traders, known as “top traders,” in your account.
The platform provides a marketplace where users can browse and select traders to copy based on performance metrics, such as historical returns, risk levels, and trading frequency.
Once you choose a trader to follow, WunderTrading automatically executes trades that mirror the top trader’s but scaled according to how much you want to invest. This feature is ideal for less-experienced traders, allowing them to benefit and learn from those at the top of their game.
It’s crucial to note that a trader’s past performance doesn’t guarantee future results. However, WunderTrading offers risk management tools, such as setting stop-loss levels and adjusting the proportion of capital allocated to a particular top trader.
Multiple crypto exchange accounts management
If, like us, you’re managing multiple API accounts on several exchanges, you’ll know that can be cumbersome and time-consuming. WunderTrading aims to simplify this with its multi-exchange management feature.
The feature lets you connect multiple exchange accounts via API keys, providing a centralized dashboard for trading across different platforms. Additionally, WunderTrading’s other features, such as automated trading bots and copy trading, can be used across connected accounts, an efficient way to maintain a consistent trading strategy.
Learning and resources
WunderTrading’s site contains a comprehensive overview of the platform’s features and functionalities. Each section is accompanied by a video tutorial, which we found valuable and thought would be especially helpful for those needing step-by-step guidance.
The website interface is clean and intuitive, making navigating and finding relevant information easy. However, we thought the sheer volume of information may be slightly overwhelming for beginners. A more pared-back approach could improve the user experience, especially for those new to automated bots or copy trading.
Testing the Platform
We signed up to the platform to put WunderTrading’s capabilities to the test. Given the platform’s automated features and our desire to evaluate its performance over the short-to-medium term, we opted for a swing trading strategy. We allocated a small amount of capital that we were comfortable losing.
Setup
- Asset: Ethereum (ETH), exhibiting short-term price fluctuations within a broader trend
- Strategy: Identified a potential swing high using technical indicators and chart patterns on TradingView
- Entry point: A buy order slightly below the identified swing high, anticipating a retracement before the uptrend resumed
- Stop loss: A stop-loss order below a key support level
- Take profit: A take-profit level based on the potential swing high of the next upward movement
- Investment: Allocated the equivalent of USD 100 in ETH
Monitoring
- Initial phase: The bot executed the buy order as ETH retraced to our entry point.
- Market volatility: ETH experienced some price fluctuations but remained above our stop-loss level.
- Mid-week surge: ETH’s price surged, reaching our take-profit level and triggering the bot to execute a sell order.
- Trend monitoring: Monitored broader market trends and news to gauge the potential impact on ETH’s price.
Results after one week
- Overall profit: The bot generated a profit of around USD 12 (approximately 12% return).
- Successful trade: The swing trade captured a significant portion of the price movement.
- Risk management: The stop-loss order was not triggered.
Analysis
- Swing trading success: The bot effectively identified a swing high and executed a profitable trade.
- Timing and analysis: Accurate timing and analysis of the entry and exit points were crucial for success.
- Market awareness: Monitoring broader market trends helped us anticipate potential price movements and adjust our strategy accordingly.
Conclusions
Our test demonstrated that WunderTrading’s swing trading bot has considerable potential. It successfully executed our strategy, and the platform’s risk management tools, although not triggered, gave us peace of mind.
Although these were automated trades, we still believe that using bots requires some input from you to maximize your profits and help prevent loss. Planning your strategy carefully, monitoring your bot’s performance, and a solid understanding of the market give you the best chance of achieving good returns.
What Is WunderTrading’s Pricing?
WunderTrading offers a tiered pricing structure with five plans to cater to different needs and experience levels. The right plan for you depends on your trading goals, experience level, and budget.
- Free: This provides access to basic features like one API per exchange, a trading terminal, copy-trading functionality, portfolio tracking, and paper trading. It’s a good starting point for beginners exploring the platform before committing.
- Starter (USD 4.95/month): Besides the above, this plan offers one active signal bot, future spreads and arbitrage capabilities, a DCA trading terminal, one active AI bot, one active grid bot, and a pump screener.
- Basic (USD 19.95/month): This plan increases the number of active signal bots to five, allows two API connections per exchange, and introduces multiple take-profit levels, multi-pair bots, and five active grid bots.
- Pro (USD 39.95/month): This plan further increases the number of active signal bots to 15, five API connections per exchange, swing trading, three active AI bots, and ten active grid bots.
- Premium (USD 89.95/month): This plan offers unlimited active bots, unlimited API connections per exchange, ten active AI bots, and 200 active grid bots.
The platform also offers a free seven-day trial of its Pro plan, allowing you to test its more advanced features before committing. You can also save 30% by opting to pay annually.
Conclusion
We believe that WunderTrading could be a valuable tool for both novice and experienced traders. Its automated trading bots, copy trading features, and multi-exchange management capabilities offer a streamlined approach to navigating the complexities of the crypto market. Our test of its swing trading bot yielded positive results, highlighting the platform’s potential.
However, potential users should be aware of some limitations. The interface may initially seem overly complex to some, and we noticed the occasional delay in executing trades.
Those issues aside, we believe WunderTrading should be considered if you’re seeking to simplify your trading. It’s certainly a platform worth exploring to see if it aligns with your needs.
