With the rise of cryptocurrencies, it is now becoming challenging to keep track of the market due to its round the clock activity and extreme volatility. To ensure that profits keep coming in and losses are minimised, traders are now automating their trades to generate consistent returns without trading manually. Moreover, many automated trading platforms also offer users a chance to copy other traders. This process is known as copy/mirror/social trading.
To help you select the ideal trading platform for your crypto trading needs, this article will discuss three such platforms. In this Paratica vs Mudrex vs eToro review, we will highlight their features in detail and rank them accordingly, helping you choose the best platform for your investment needs.
Here’s the Paratica vs Mudrex vs eToro Review
Paratica is a cloud-based social trading platform where users can follow expert traders or manually execute their trading strategies. When trading manually, the platforms offer an easy-to-use interface, helping traders of all kinds. While social trading, users can view all the available trading experts to copy in the experts’ tab. This Paratica review will detail the best features of the platform while comparing it with Mudrex and eToro.
The Mudrex crypto bot marketplace is a cloud-based trading platform that aims to bring crypto trading to everyone. Users at Mudrex can invest in pre-made Mudrex bots with Mudrex Invest. These bots are created by expert crypto traders, 100% automated and spread across multiple cryptocurrencies and exchanges for you to choose from. Therefore, you will not have to worry about manually trading, as the bot takes care of everything. You can also build a strategy of your own using a no-code crypto strategy builder at Mudrex Build. In this Mudrex review, we will compare it with Paratica and eToro across various features and underline the differences.
eToro is a leading social trading platform providing social and manual trading solutions across various financial markets. Users can follow top eToro traders and copy their portfolios in crypto, stocks and ETFs. In this eToro review, we will compare it with Paratica and Mudrex and rank them on their top features.
Paratica vs Mudrex vs eToro— A Review
In this Paratica vs Mudrex vs eToro review, we will score each platform from 0-10 on multiple essential features. These are platform reliability, pricing, trading bots profitability, and many more. The final scores are given below, and a detailed Paratica vs Mudrex vs eToro review follows.
|Trading Strategies and Profitability||7/10||9/10||8/10|
|Ease Of Investment||6/10||9/10||7/10|
|Community & Support||8/10||9/10||6/10|
#1 Platform Reliability
We review the features that make these platforms reliable and secure.
Launched in 2018, Paratica is based out of Istanbul, Turkey. The platform has over 5200 investors, with over $21 million trade volume and 3 million orders per month. Paratica takes security seriously, which is why users must enable 2FA before they can even add API credentials to trade on the platform. Moreover, the API credentials have no withdrawal permissions, removing any risks of malicious withdrawals.
The Mudrex trading platform is based in San Francisco and backed by Y-Combinator. Launched in 2019, Mudrex has over 25,000 investors and $1.5 Billion in trade volume. To ensure peace of mind for its traders, Mudrex has employed robust security measures that include two-factor authentication, lightning-fast support and no-withdrawal permissions for APIs.
eToro was launched in 2007 as an online stock trading portal. It wasn’t until 2017 that eToro added support for cryptocurrencies. This London-based platform has over 13 million registered users and now offers trading solutions across multiple markets. However, users need to add funds in their eToro account rather than an exchange wallet to trade.
While investing in any platform, reliability is the crucial factor that helps the investors continue worry-free. Therefore, Mudrex and eToro take the top spot in platform reliability with high security, transparent results, and a high userbase.
#2 Trading Bots/Strategies and Profitability
We review the types of bots each platform offers, their profitability, and the available details.
Trading At Paratica
At Paratica, traders can either automate their trades themselves or follow expert traders. The experts’ tab in the Paratica dashboard displays the list of experts available, which can be filtered by the number of followers and their trading status (active or passive). Each expert has a detailed page where you can see their trading history, pairs used, profit, status and start date.
Investors can easily view the top-followed experts, and some of them are:
- Altug v2
Trading At Mudrex
The Mudrex crypto trading bot dashboard displays multiple details about the crypto trading bots, such as the cryptocurrency the bot trades in, total lifetime returns, number of investors in each strategy, a performance score (0-10) by Mudrex rating each strategy after a risk vs reward analysis, total run time of the strategy, the monthly fee and the last 30 day returns.
Investors can easily view the top performing bots, and some of them are listed below with their returns in the past 30 days:
Trading At eToro
Built for different financial markets, eToro offers trading solutions for cryptocurrencies, stocks, ETFs, and CFDs. With diverse options available, the UI can be a bit overwhelming, especially for new traders. While trading, users can trade themselves or copy other people’s trading strategies. Users can filter out the list of traders with features such as time period, verified or unverified trader, returns, risk score (calculated from 1-10 by the platform), number of people copying the strategy and number of weeks the trader has been active for.
Investors can easily view the top-performing traders, and some of them are:
Investing is all about making informed decisions and transparent results. As Mudrex helps users select the right bot with comprehensive information on its functioning and performance, it ranks the highest.
Trading Bots/Strategies and Profitability
#3 Pricing / Platform Usage Fees
We look at the usage fees of all three platforms and how much copy trading costs.
Paratica offers three pricing plans for its users. The first is the Silver Premium plan ($9.9/month) with five positions per day and 150 positions per month, 50 pairs and many other features. The next plan is the Gold Premium Plan ($14.9/month), which includes ten positions/day, 300 positions/month, 20 concurrent positions and much more over the silver plan. The most extensive plan is the Platinum Premium plan ($19.9/month), in which users can get unlimited positions, 50 concurrent positions, unlimited pairs, and a lot more. There is no minimum investment amount at Paratica, and users can invest as low as the exchange permits.
Unlike most trading platforms, users at Mudrex do not have to pay anything to use the platform, create and backtest their strategies. Users only pay when they invest in a bot, and the fee starts as low as $5 per month and varies depending on the bot and the amount invested. The pricing is mentioned on the bot’s page on the dashboard. The minimum investment amount on the platform is $150, exclusive of the fee. Moreover, Mudrex offers another great feature called the Mudrex Protect, a fee refund if the strategy does not yield profit in a month.
However, if you wish to build, backtest, publish and earn from your strategies, the premium plan is priced at $16/month. With the premium plan, you get unlimited backtests, 200+ technical indicators, priority 24×7 support and the ability to publish and earn from your strategies on Mudrex.
eToro’s pricing model is user-friendly, to say the least, as you can open an account at eToro, copy other traders, and execute trades, all for free. However, when purchasing cryptocurrencies from the platform, the platform charges a spread fee varying according to the crypto. Moreover, the platform also charges a withdrawal fee of $5, and a standard crypto transfer fee may also apply.
High pricing is frowned upon by many traders, especially those who are just entering the market. Therefore, with a simple pay as you invest model without any additional hidden charges, Mudrex ranks highest in platform pricing and usage fees.
Pricing / Platform Usage Fees
#4 Ease of Investment
We look at how easy it is to invest in these three crypto trading platforms.
How To Invest On Paratica
To ensure security, users have to enable 2FA before they can start investing, which requires downloading the Google Authenticator app. Once 2FA is initiated, users can easily invest in Paratica and create their own strategy or follow expert traders. The Paratica app is available on Android, which has multiple features to help trade on the go.
Here’s how you can start investing in Paratica:
- Create/ Login to your Paratica account;
- Download the app for 2FA security (mandatory);
- Scan QR Code;
- Backup the security key;
- Enable Google Authentication;
- Set up an API key;
- Create your own strategy or follow an expert;
- Set up the bot, and you are good to go.
How To Start Investing On Mudrex
Mudrex is making automated crypto trading look easy, as it helps users invest in just a few clicks. Users are welcomed with an intuitive UI and transparent details about all bots, helping them make the right choice. While the platform does not have a Mudrex app, the desktop version offers a long list of features.
Here’s how you can start investing in Mudrex:
- Create/ Login to your Mudrex account;
- Connect the desired exchange with API keys;
- Choose the bot you want to invest in and select the amount;
- Pay the platform fee, and you are all done.
How To Start Investing On eToro
Before letting a user invest, eToro asks a few questions about the trading goals to offer personalised solutions. Once you have answered all the questions and verified your account, you can start investing.
Here’s how you can start investing in eToro:
- Create/ Login to your eToro account;
- Answer multiple questions to get started;
- Verify your eToro account;
- Deposit funds via credit/debit card or payment platforms;
- Choose the trader you want to follow;
- Copy their strategies, and you are good to go.
Investments should be easy, which is why the Mudrex platform ranks at the top in ease of investment.
Ease of Investment
#5 Post-Investment Tracking
We review how well-organized the post-investment portfolio tracking solutions offered by these platforms are.
At Paratica, users get all the essential portfolio details right on the Paratica dashboard. The dashboard contains details such as all your positions and filters for the last 30, 10 and 7 days. Users can easily click each position and get additional information.
Portfolio Tracking At Mudrex
One can easily view all the essential portfolio details in the Mudrex Invest dashboard. These details include the crypto bots you have invested in, the amount invested, total returns in % of each bot, and the overall returns.
Portfolio Tracking At eToro
eToro’s portfolio dashboard is extremely detailed in nature and displays all essential information about the user’s investments. It also showcases a graphical representation of the user’s investment, total funds available, total allocated funds, total returns, total equity, past trades and net cash flows.
Users at eToro get a highly detailed overview of their portfolio. Therefore, eToro receives the highest rank in post-investment tracking.
#6 Exchanges Supported
We look at all the crypto exchanges supported by these three platforms.
Paratica Exchanges Support
Users at Paratica can trade through four exchanges, which are HUOBI, Binance, OKEx and Chiliz.
Mudrex Exchanges Support
At Mudrex, users can invest through Coinbase Pro, Binance, Bybit, Deribit, OKEX and BitMex.
eToro Exchanges Support
Users at eToro can purchase cryptocurrency directly on the platform with debit/credit cards and then transfer them to your eToro Wallet in their own exchange, known as eToroX.
Paratica supports the most exchanges among the three platforms, which is why it is top-ranked in exchanges supported.
#7 Community & Support
We review the support offered by these three platforms, along with their social media and community presence.
Paratica has multilingual communities on Telegram, including English and Turkish. The platform also offers email support and has a community page on the website as well. However, it is not highly active and may not answer all your questions, as it has only basic information.
Here’s how you can reach Paratica:
- Email: email@example.com
- Telegram: t.me/paratica
- Twitter: twitter.com/paraticacom
Users at the Mudrex platform can view a detailed crypto FAQ support section, which helps them understand the platform, how Mudrex works, and solutions to most account-related questions. Mudrex also offers lightning-fast email support, along with a comprehensive crypto trading blog. The platform has active communities on Discord and Telegram and a presence on social media as well.
Here’s how you can reach Mudrex :
eToro offers a live chat feature for its users, where users can get real-time solutions to their problems. They can also raise support tickets if the chat isn’t available. However, the ticketing system isn’t quick enough, and you may receive a solution only after a few days. eToro also has an active social media presence across major social channels like Twitter, YouTube and Facebook.
Here’s how you can reach eToro:
- YouTube: https://www.youtube.com/user/eToro
- Twitter: twitter.com/eToro
- Facebook: facebook.com/eToro
Mudrex’s fast email support and a detailed blog and FAQ section are beneficial to the users, helping it reach the top rank in the community and support feature.
Community & Support
#8 Referral Bonuses
We look at the referral programs offered by these three platforms, their perks and their shortcomings.
When you refer a user to Paratica, you get a 10% commission for every purchase by the referred user. You can find all relevant details on the Paratica referral dashboard and know about your referral code, total earnings, balance, commission rate, and more. If you wish, you can also get a tailored QR code to share within your network.
With the Mudrex crypto referral program, you can get $25 for every valid referral, which can be used on the Mudrex platform. Moreover, you also get a 50% for all spends by the referred user on the Mudrex platform. You can earn as much as you want, as Mudrex offers a no-limit crypto referral program. Moreover, Mudrex also hosts multiple giveaways frequently, including exciting prizes, additional bonuses, and much more.
The eToro referral program stipulates a $50 bonus for every valid referral. However, this offer is only available for users in a handful of countries, and the referral cap is $500.
Mudrex’s referral program takes the top spot with high profitability and no earning limit.
Paratica vs Mudrex vs eToro— The Final Verdict
As we see from this Paratica vs Mudrex vs eToro review, it is clear that all three platforms have certain noteworthy features, along with some shortcomings. We hope this Paratica vs Mudrex vs eToro review helps you select the right trading platform for your crypto investments. However, note that a single trading bot or platform is not perfect for every trader. Therefore, outline your trading and investment goals while choosing a crypto trading platform and comprehensively research your options.
While no trading bot is perfect, this Paratica vs Mudrex vs eToro review highlights that Mudrex is the best crypto bot platform for all kinds of crypto traders. Mudrex’s stellar UI, easy investment options and high profitability make it an ideal choice. With Mudrex, you can generate consistent returns and sleep while you trade. It is safe to say, Mudrex is the high-performing automated trading platform you are looking for.
Let your trades work on autopilot. Get consistent returns with Mudrex.