The crypto market has seen its fair share of growth in the past few years, and is now building portfolios around the globe. In the market that is active round the clock, traders try their luck to generate consistent returns across different cryptocurrencies and exchanges. However, manual trading is now getting ousted due to its limitations, and automated trading is becoming the norm. Trading automation makes it easy to track crypto prices, overcome the market volatility and trade 24×7 even when you are sleeping. Moreover, traders can copy the strategies of other traders through social/copy/mirror trading and let the experts handle the strategy end.
In this article, we will review three such automated trading platforms, their pros and cons and their most prominent features in a bid to help you select the right investment platform for all your crypto trading.
Here’s the Quadency vs Mudrex vs Tokensets comparison
Quadency is a cloud-based crypto trading platform that helps traders automate their crypto trades. Users can create their own automated trades, or use pre-set bots with some of the most prominent trading strategies. Users can select the desired bot, tweak it as per their liking and backtest its performance for optimal results. The platform is extremely easy to use for all traders, and has features that are helpful for both beginners and expert traders alike.
Mudrex is a new-age cloud-based automated crypto investment platform, bringing crypto investments to everyone with its mutual-fund like investment platform. At Mudrex Invest, you can invest in pre-made strategies created by expert traders, which are 100% automated. These bots are spread across multiple exchanges and cryptocurrencies, giving users the chance to invest freely.
If you wish to take trading into your own hands, then you can use the Mudrex Build platform, where you can create strategies without writing a single line of code. Here, you can create strategies using drag and drop technical indicators, backtest these strategies and publish them for other users to invest in them as well.
Tokensets is a cloud-based automated trading platform built to simplify asset management. Traders at Tokensets can create their own set to build a portfolio or purchase sets published by other traders. The platform is built to help traders build a portfolio across multiple tokens. The UI is sleek and informative, and purchasing the sets and starting up with a set is extremely easy.
Quadency vs Mudrex vs Tokensets — A Review
In this Quadency vs Mudrex vs Tokensets review, we will score each platform’s critical features on a scale of 1-10. These features include but are not limited to platform reliability, ease of investment, community & support and referral bonuses. The final scores are given below, and the detailed review follows.
|Trading Strategies and Profitability||6/10||9/10||7/10|
|Ease Of Investment||8/10||9/10||6/10|
|Community & Support||8/10||9/10||6/10|
#1 Platform Reliability
Every investor wants a reliable platform to invest on, so as to get the desired peace of mind. Therefore, we review some features that make these platforms reliable.
Quadency is a New-York-based automated trading platform that started its journey in 2018. The platform provides pre-built trading strategies along with the option to create one’s own bots. The platform is on a mission to bring professional-grade trading and investment tools to crypto. The platform has till now managed over $150 million, and is growing steadily. Keeping user security in mind, the platform requires no withdrawal API permissions, and all transactions happen at the exchange level. The passwords are also encrypted while storing, and 2FA is also employed.
The Mudrex platform was launched in2019 and is based out of San Francisco. This Y-Combinator-backed platform has gained huge tractions in recent times, predominantly due to its easy to use structure and multiple investor-focused features. The platform has over 10,000 active investors under its belt, with a total trade volume of over $500 million till now. Users can invest securely at Mudrex with features such as 2FA, exceptional customer support and no withdrawal permissions for the API.
Tokensets was launched in 2018 and is based out of California. The platform has gained quite some transaction in a short span of time with over 7,500 users on the platform. While the platform is secure with encryption, it requires an Ethereum deposit to start investing in sets.
A reliable platform is essential for any investor, as they can have the needed peace of mind that their money is safe. Therefore, Mudrex receives the highest rank in platform reliability.
#2 Trading Bots/Strategies and Profitability
Every investor wants to make a profit, and any trading platform should have profitable and easily accessible trading strategies. Here we review the strategies and bots provided by these platforms.
Trading At Quadency
Traders at Quadency can choose from creating their own trading bot, or choosing from pre-made automated bots with the best trading strategies and indicators. These bots can be tweaked and backtested as well, helping users customise their strategy.
Investors can easily view the strategies available, and some of them are:
- Portfolio Rebalancer
- Marker Maker Plus
- Bollinger Bands
Trading At Mudrex
The Mudrex Invest dashboard provides all the crucial details about the available trading bots that a trader can invest in. These details include the coin(s) 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 Tokensets
At Tokensets, users can either purchase pre-built sets or create their own. Each set is a combination of multiple tokens, and has a set price and token allocation %. On the explore tab, you can view the details about all the tokens available, which include market cap, price, one-day change, one-week change, one-month change, three-months change and change since inception. Each set also has a separate page, where you can see additional details about the set and its creator.
Investors can easily view the top performing sets, and some of them are listed below with their returns in the past 30 days:
For any platform, profitability is really important to be able to offer something to the investors. The strategies at Mudrex offer clear information with transparent results, and the performance score ensures the investor knows what the bot entails. Therefore, Mudrex takes the top spot here as it helps users select the right bot with minimal clicks.
Trading Bots/Strategies and Profitability
#3 Pricing / Platform Usage Fees
For any investor, the pricing of the platform is a key factor when it comes to investing. High platform or bot fees can drive investors away, especially those investing for the first time. Here, we review the pricing or the platform usage fee of the three platforms.
Quadency offers three pricing plans for its users, starting with a free plan. The no-cost plan is ideal for beginners or low-volume investors and offers features such as a $50,000 monthly trade limit, Advanced Trading Terminal, one live bot, and 10 backtests per day. The Pro plan ($39/month) is built for active traders, and offers a $500,000 monthly trade limit, 100 backtests per day and 20 live bots among others. The Unlimited plan ($79/month) is the perfect plan for high-volume and advanced traders, and it offers an unlimited trade volume, bots & backtests, extensive support, high-volume strategy coder, and a lot more.
However, users that trade with the Quadency partner organisations stand a chance to get the Pro plan for free.
Mudrex offers a unique fee plan for its users, much different than all major platforms. At Mudrex Invest, users do not need to play any platform usage fee, as using the platform is free. A small fee is charged only when a user invests in a strategy, which varies from bot to bot. The fee can be as low as $5, and the minimum investment amount at the platform is $150 (excluding the fee). Moreover, Mudrex offers an impressive feature known as Mudrex Protect, where users stand to get a full fee refund if the strategy does not yield a profit in a month.
If you do not wish to invest in pre-made strategies, and want to create and use your own, then Mudrex Build is for you. The free version offers minimal features to help you build your strategies, while the paid plan ($16/month) comes with unlimited backtests, all technical indicators, priority 24×7 support and the ability to publish their strategies on Mudrex for other users to trade on.
Tokensets does not have a fee model currently, making it an ideal choice for investors. However, the platform aims to add a fee in the future according to the website, which will be duly notified to the users via relevant channels. There is no set minimum investment amount on the platform, but the purchasable sets are priced above $65, but many profitable sets are above the $500 level, while some even reach $1000 and above. If you want to create and publish your own set, then you will need to pay an amount of over $1200 as well. For any set, traders are able to set the initial fee between 0% to 10% that is listed under the buy fee. Users will have to shell out additional Network Fees paid to Ethereum for recording the transactions on blockchain, which can be quite significant for low-volume traders.
Mudrex offers a pay-as-you-invest model, with low fee. Therefore, we rank Mudrex at the top due to its unique payment model.
Pricing / Platform Usage Fees
#4 Ease of Investment
For an investor, an easy to use and non-complicated platform is a must. Therefore, we review the ease of investment in these three platforms.
How To Invest On Quadency
The Quadency platform is easy to start investing with, especially for beginners. While the UI may be a bit confusing to many new traders, all vital details are readily available to users.
The platform is only available for desktop version as of now.
Here’s how one can start with Quadency:
- Create/Login to your Quadency account;
- Connect an exchange with an API key;
- Pay the membership fee for the platform;
- Create a bot or choose from the pre-built bots;
- Run the bot and you are good to go.
How To Start Investing On Mudrex
Mudrex is an extremely easy-to-use automated trading platform, and all the minimal yet vital details are displayed competently on the platform. At Mudrex, users can get started with just a few clicks. Even though the platform is yet to be launched on mobile devices, the desktop version is sufficient when it comes to ease of use and investment.
Here’s how you can start investing on 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 Tokensets
At Tokensets, users have to add ETH to their account for the account balance, before they can start trading. Once you have added the balance, you can explore sets and purchase one to start your crypto portfolio.
Here’s how you can start investing on Tokensets:
- Create/ Login to your Tokensets account;
- Create an ETH account or use your old one;
- Send ETH to your Tokensets ETH account to top-up your account balance;
- Explore the sets and select the one you wish to buy;
- Select the amount of sets you want to purchase;
- Start the set, and you are good to go.
The Mudrex Invest platform is extremely easy to start using for investors, which is why it receives the top rank here.
Ease of Investment
#5 Post-Investment Tracking
A trader should be clearly able to view their portfolio, track their investments and make informed decisions. Therefore, we review how post-investment tracking works in each of these platforms.
Portfolio Tracking At Quadency
The Quadency dashboard displays vital details about the user’s portfolio, such as portfolio value, 24H change, 24H change in %, total assets, total trades, and a lot more. The dashboard also has multiple graphs and charts for additional visual details, making it even more informative.
Portfolio Tracking At Mudrex
The Mudrex Invest dashboard provides all the essential details, which include the bots you have invested in, the total amount invested, the current value of the investment, the total returns in % of each bot, and the overall returns.
Portfolio Tracking At Tokensets
At Tokensets, users can go to the My Account section to check their balance and their portfolio. They can get details about the set they have purchased, change in the past 24 hours, total balance, and the amount of the set they have purchased.
Quadency offers a detailed overview of the investments, which is why it is the top-ranked holder for post-investment tracking.
#6 Exchanges Supported
There are many exchanges available for traders to use, and a trading platform should support all major exchanges. Here we review the top exchanges supported by these platforms.
Exchanges Supported By Quadency
Quadency supports 13 popular exchanges, including Binance, Kucoin, OKEx, Kraken, and Liquid
Exchanges Supported By Mudrex
At Mudrex, users can invest through Coinbase Pro, Binance, Bybit, Deribit, OKEx and BitMex.
Exchanges Supported By Tokensets
Users at Tokensets need to deposit ETH in their account to begin trading. ETH can be added to the account via any exchange that deals in the coin.
Quadency supports the most number of exchanges among the three platforms. Therefore, it receives the top rank here.
#7 Community & Support
Many traders often face problems with their accounts, and a good customer support and an active user community is well appreciated. Therefore, we look at how well these platforms are equipped with these features.
The Quadency platform has a comprehensive support center, where users can get a detailed FAQ section, and a step-by-step information of how to get started with the platform. The center also has detailed articles about many other platform-related topics, and is really helpful for users. Moreover, the email support is quite fast, and is helpful in solving the user’s problems. The platform has an active Telegram community, with minimal social media presence.
Here’s how you can reach them:
- Email: firstname.lastname@example.org
- Telegram: https://t.me/joinchat/Fbj0HRHlGePeT8QeV-4uBg
- Twitter: https://twitter.com/quadency
The Mudrex platform provides a thorough FAQ section that holds detailed information on how to solve almost all account-related issues that a user faces. If the FAQ section doesn’t work for the user, then they can use the email support, which is extremely fast. The blog section of Mudrex is extremely helpful as well, which provides users information about new strategies, tips and tricks, and a lot more. The platform also has pretty active Discord and Telegram communities, with some presence on social media platforms as well.
Here’s how you can reach Mudrex :
- Email: email@example.com
- Discord: discord.com/invite/qdXmm4N
- Twitter: twitter.com/officialmudrex
Tokensets offers support over Discord and Twitter to its users, with no email support as of now. Traders also have access to a detailed FAQ section, which is regularly updated with the latest information. The platform is also active on Medium where relevant blogs are published to help traders.
Here’s how you can reach Tokensets:
- Medium: medium.com/set-protocol
- Discord: discord.com/invite/x3PGVfP
- Twitter: twitter.com/SetProtocol
Traders at Mudrex have access to fast support and a comprehensive blog and FAQ section. Therefore, it receives the top rank in community & support.
Community & Support
#8 Referral Bonuses
Every trader wants to earn with their professional network, and a good referral program can help them. Here, we review the referral programs offered by these three platforms.
For each valid referral, one can earn up to $200 in referral bonuses. The bonus is given only after the referred user completes certain steps, and the maximum amount can only be availed if they upgrade to the PRO plan.
For each valid referred user, both the referrer and the referred user receive $25. Moreover, the referrer will receive 50% of each referred user’s spend without any limits. The platform also occasionally adds bonuses, such as additional referral amount or a chance to win impressive prizes.
As of now, Tokensets isn’t running any referral programs.
In any referral program, traders look for no earning limit and high profitability. Therefore, Mudrex ranks the highest here.
Quadency vs Mudrex vs Tokensets — The Final Verdict
In this Quadency vs Mudrex vs Tokensets review, it is clear that all three platforms are built with their own features that make them unique. Even with certain limitations, these platforms have made a name for themselves in the crypto community. While one platform may suit your investment needs, the other might not be the right choice for you. Therefore, we hope with this review we are able to help you make the right choice. However, while investing, always remember that no bot is perfect, and crypto investments pose a risk like all other financial investments.
Even though not bot is ideal for all users, in this review, Mudrex comes out on top as the best automated trading platform. The ease of investment and profitability blended with security and reliability, along with an extensive community, makes Mudrex the platform to invest on. THe platform is built for both beginners and experts, and its investor-focussed approach sets it apart. 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.