The crypto market has seen a drastic growth over the past few years, and many innovations have entered the market to help traders maximise their profits. Traders are now moving over manual trading and investing through automated trading bots to not miss out on earnings while they sleep. Many crypto trading platforms help users automate their trades, or invest through trading strategies/bots built by expert traders. The process of copying strategies/bots of other traders is known as copy trading/mirror trading/social trading.
But with the rise of a plethora of such platforms, it is vital to understand which one is the best for a trader to invest on. While many platforms offer exemplary support, their tools might be limited in nature. On the other hand, a platform might offer the best trading automation tools, but might not be secure enough for financial transactions. Therefore, through this article, we will save you some time searching for the best crypto platform to invest on, and analyse the pros and cons of three crypto platforms. This article will discuss many vital features in detail and then score the platforms for each feature to provide an overview.
Here’s the TradeSanta vs Mudrex vs Zignaly comparison
TradeSanta is a cloud-based automated trading platform filled with features for both beginner and advanced traders. Its powerful tools are its USP, and the platform focuses on automated trading for everyone. Users can opt for automated trading, where they can build their own trading bots with custom signals and features, or invest through premade strategies. Some of the available bots are DCA bots, Grid Bots, and Smart Orders, helping users trading in all sorts of cryptocurrencies and volume effectively automate their trades. The platform has gained quite some traction in a short time period, majorly due to its trading tools and ease of investment. In this TradeSanta review, we will talk about multiple features and its pros & cons.
At Mudrex, users have two options to automate their trades. This cloud-based trading platform offers an investment platform called Mudrex Invest, where users can easily invest in 100% automated trading bots created by expert traders. These bots are spread across multiple exchanges and currencies.
However, if you do not want to invest in pre-built trading strategies but build your own, Mudrex Build is here for the rescue. This no-code feature helps you develop strategies using blocks, making it extremely easy to build trading strategies. With the ease of investment and strategy building for investors, Mudrex has seen tremendous growth in recent times and is expected to continue its exponential growth. In this Mudrex review, we will see why Mudrex is scaling so quickly, and talk about the features its users appreciate the most.
Zignaly offers crypto trading for everybody, and as its website suggests, all traders from ‘Zero To Experts’ can use Zignaly. This cloud-based crypto trading platform offers copy trading, automated trading bot, and a trading terminal for users of all proficiencies. Users can choose pre-made trading strategies created by expert traders, or automate their crypto trades using multiple available signals. The trading terminal offers features such as Dollar-Cost-Average Strategy Rebuys, Stop Loss, Trailing Stop, and many more. In total, Zignaly has something to offer for both beginner and experienced traders.
TradeSanta vs Mudrex vs Zignaly — A Review
In this TradeSanta vs Mudrex vs Zignaly review, we will score each platform from 0-10 on multiple features that we think are essential for any crypto trader. These include platform reliability, pricing, ease of investment, support and many more. The final scores are given below, and the detailed review follows.
|Trading Strategies and Profitability||7/10||9/10||8/10|
|Ease Of Investment||7/10||9/10||7/10|
|Community & Support||8/10||9/10||8/10|
#1 Platform Reliability
Before investing in any platform, any investor thinks about its reliability, and how likely it is that the platform might be a scam. Therefore, the first question an investor wants an answer to is ‘Is This Crypto Trading Platform Reliable?’
Launched in 2018, TradeSanta offers a user-friendly platform powered with sturdy trading tools to help traders make the most of automated trading. Since its launch, it has gained quite an impressive user base and has over 40,000 active users, and nearly 12,000 active trading bots. Keeping user security in mind, TradeSanta offers 2FA security, allows users to trade with limited API permission requirements, and does not hold any withdrawal permissions.
The Mudrex trading platform was launched in 2019 and is based in San Francisco. This Y-Combinator-backed platform has gained popularity quickly and has amassed over 10,000 investors, and a total trade value of over $500 million till now. Mudrex owes its popularity to its focus on user experience and complete security. It has employed definitive security measures such as 2FA, lightning-fast support and minimal withdrawal permissions for APIs, eliminating the risk of any malicious transactions.
Zignaly is a Singapore-based trading platform founded in 2018 with a simple vision to provide tools and resources that allow traders to analyze and manage orders, completely autonomously. Unlike many other platforms, Zignaly users have to deposit an amount in the platform to start trading. They can do so with a credit card, or by depositing crypto to a designated crypto address. While current statistics are not available, in December 2018 alone, Zignaly had over $2 Million in trading volume, which is sure to have grown tremendously by now.
A reliable platform gives a trader the peace of mind, and can help them invest freely. Keeping security, the platform’s features and its user base in mind, Mudrex gets the top rank in platform reliability.
#2 Trading Bots/Strategies and Profitability
Investors have 100s of bots to choose from, and many of them seem extremely profitable. Making informed decisions is vital for traders to keep the profits running. Therefore, the next question investors ask is ‘Which Platform Offers The Best Trading Bots?’
Trading At TradeSanta
Investors at TradeSanta have the option to choose from multiple premade trading strategies or create and automate their own trading bots using indicators. TradeSanta also offers a Virtual Trading space, where users can safely test their trading skills using demo balance and see out TradeSanta bots in action. Users can opt to trade manually as well, where they can choose the exchange and currency pair they want to trade in, and select the volume they wish to trade on. The premade strategies help traders select their long or short positions, and automate their trades accordingly.
Some of the trading strategies provided by the platform are:
- DCA (Dollar Cost Averaging): The bot buys more coins if the trade goes in the opposite direction of the bot, increasing chances of profits
- Grid: Take advantage of price fluctuations and extract profits
- SmartOrder: Buy and sell a big amount of cryptocurrencies at market price with split orders
Trading At Mudrex
The Mudrex dashboard provides all vital details about the available trading strategies, helping users make informed trading decisions. These details include the cryptocurrency the bot trades in, total lifetime returns, number of investors in each strategy, a performance score 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. Mudrex offers an abundance of strategies in multiple cryptocurrencies, helping you automate your trades, and sleep while you trade. To ensure a transparent approach, Mudrex has been investing their own funds in the algos for quite some time now.
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 Zignaly
Zignaly is an easy to use platform with its simple UI and minimal interface. There are multiple strategies available, with various filters in place to help you select the best strategy. You can filter out the strategies based on total followers, subscription fee, the cryptocurrency it trades in and exchanges it trades on. Users can also view the total returns in multiple time-frames, such as 1-week, 1-month, 3-months, 6-months and total lifetime returns.
Investors can easily view the top performing bots, and some of them are listed below with their returns in the past 30 days:
- Lx Btc And Eth Futures: ~91.1%
- Fulgenzio – Futures: ~88.7%
- Go Strong: ~53%
Every trader wants to make a profit, and clearly viewing the pre-defined trading bots with multiple features help them make informed decisions. Therefore, the easy to view and use Mudrex platform receives the highest score in trading bots and profitability.
Trading Bots/Strategies and Profitability
#3 Pricing / Platform Usage Fees
Many investors leave as soon as they see high platform pricing, irrespective of the profitable strategies they offer. Platform pricing is a vital feature that attracts many users, and the next question an investor asks is ‘How much is the platform usage fee, and what is the minimum amount I need to start with?’
TradeSanta offers a 3-tier pricing plan for traders. The first package is Basic ($14/month), which offers up to 49 trading bots, unlimited trading volume, unlimited pairs, general support, and all pre-made trading strategies. The next is Advanced ($20/month) which includes up to 99 bots, Telegram support, new statistics and all the Basic package features. The final package is Maximum ($30/month), which consists of all Basic and Advances packages features, along with additional statistics.
Unlike major trading platforms, Mudrex Invest does not charge a platform fee to users for using the platform. However, it charges a small fee only when you invest in a trading bot, which can be as low as $5 a month, and varies according to the bot. The minimum investment amount on the platform is $150 (exclusive of the strategy fee). Mudrex also offers a unique feature for investors, called Mudrex Protect. Strategies with the Mudrex Protect stamp come with a fee return guarantee if the strategy does not yield profit in a month.
However, if you want to build, backtest and deploy your own trading strategies, you can opt for the Mudrex Build platform where you can create strategies using 200 + technical indicators without writing a single line of code. The platform has both a free and paid version, where the free version comes with basic tools to help you understand the platform. The paid version costs $16/month when billed annually, and offers additional features such as unlimited backtests, the ability to publish strategies on Mudrex, and 24×7 support.
Much like Mudrex, Zignaly too is a free to use platform without any membership fee. Therefore, users can log in and start trading on the platform without any fee. However, if you want to invest in strategies created by other traders, there might be a membership fee. While a handful of strategies are free to use, traders may have to shed out anywhere between $5-$500 depending upon the strategy they choose to copy. Moreover, some of the strategies work on a profit-sharing basis and take a chunk of the profits generated. These strategies charge anywhere from 10% to 50% success fee from profits.
While there is no minimum amount deposit limit, some strategies have allocated a minimum amount depending upon the cryptocurrency it trades in. For example, a bot ‘Elite Trading Bnb’ allows a minimum deposit of 2 Bnb, while another bot ‘Darkcryptolord’ requires a minimum 0.1 BTC deposit.
Since both Mudrex and Zignaly have a pay-when-you-invest model and have varying payment models across strategies, they both hold the top rank in platform usage fees.
Pricing / Platform Usage Fees
#4 Ease of Investment
No investor likes complicated investment processes, and when it comes to copy trading, everyone wants to do it in a few clicks. Therefore, the next question an investor wants to ask is ‘How Easy It Is To Start With The Trading Platform?’
How To Start Investing On TradeSanta
TradeSanta’s most prominent feature is a user-friendly experience, especially for new traders. Users can create their bots in a few clicks and start trading. Moreover, if they don’t have an exchange account, TradeSanta offers a one-click account creation with HitBTC right through the platform’s interface.
Here’s how you can start investing on TradeSanta:
- Create/ Login to your TradeSanta account;
- Pay the platform fee;
- Connect an exchange account, or create a new one within the platform;
- Create a bot, by selecting the exchange and trading pair;
- Choose the desired template and volume you want to trade in;
- Manage risks by implementing signals and stop-loss;
- Start your bot, and you are good to go.
How To Start Investing On Mudrex
Mudrex has always focused on providing a stellar user experience to its traders via ease of investment in a few clicks. The sleek UI with vital details placed competently helps users understand all features of a strategy and invest proficiently. Even though the platform is currently unavailable on mobile devices, the desktop version’s handiness makes up for it quite well.
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 Zignaly
Users at Zignaly can start investing easily. The platform offers a clean and easy to understand interface, coupled with accessible features to help traders customise their investments. Users can invest in pre-made strategies from the coy trading tab, or create and automate their own using the signals provided and the trading terminal.
Here’s how you can start investing on Zignaly:
- Create/ Login to your Zignaly account;
- Create an exchange account to begin trading;
- Deposit funds to the account via Credit Card or crypto exchange;
- Choose a copy-trader from the menu;
- Allocate funds;
- Confirm if you want to withdraw or reinvest the profits;
- Confirm that you are locking funds, and you are good to go.
The Mudrex Invest platform offers a straightforward approach for investors, who can easily invest without the hassle of too many details or clicks. Therefore, Mudrex tops the list for ease of investment.
Ease of Investment
#5 Post-Investment Tracking
Post-Investment tracking is essential for any investor, as it helps them track and plan their portfolio in an informed manner. Therefore, the investor then asks, ‘How Can I Track My Investment?’
Portfolio Tracking At TradeSanta
The TradeSanta provides a comprehensive overview of the user’s portfolio, and one can view a lot of details as soon as they enter the dashboard. These details include their balance dynamics, profit dynamics, active bots, total balance, and active orders. The dashboard also offers details such as platform news, exchange rates (selected exchange), and top trading pairs in the last 24 hours.
Portfolio Tracking At Mudrex
The Mudrex platform offers up all the investment details to a user with a minimal approach. Therefore, once you visit the Mudrex Invest dashboard, you can view details such as 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 Zignaly
At Zignaly, users can track their portfolio through the Zignaly dashboard. The dashboard showcases details such as total assets value, total invested, average profit per trade, value in open positions, and the open positions. Users can also head to the analytics section for a visual approach.
Both TradeSanta and Zignaly offer a detailed overview of the investments to the users, which is why they are the joint top-ranked holders for post-investment tracking.
#6 Exchanges Supported
Every investor is different, and they might be using a different exchange from another investor. Therefore, to help more investors trade on a platform, more exchanges need to be supported. Therefore, the next question an investor asks is, ‘How Many Exchanges Does The Trading Platform Support?’
Exchanges Supported By TradeSanta
TradeSanta supports 7 different exchanges, such as HitBTC, Binance, Bitfinex, Bittrex, UPbit, Huobi and OKEx.
Exchanges Supported By Mudrex
At Mudrex, users can invest through Coinbase Pro, Binance, Bybit, Deribit, OKEX and BitMex.
Exchanges Supported By Zignaly
Users at Zignaly can use four exchanges to trade, which are Binance, KuCoin, VCC Exchange and BitMex
While all three platforms offer support for a limited number of exchanges, TradeSanta comes out on top and gets the highest score in exchanges supported.
#7 Community & Support
While joining any platform, every user should have access to comprehensive support, in case they face any obstacles while investing. Therefore, the next question investors want to be answered is, ‘How Good Is The Platform Community & Support?’
While users can reach TradeSanta support via email, TradeSanta is pretty active on YouTube as well. Their videos showcase the platform features, and how one can set up different bots to begin investing. The platform also boasts of a social media presence and has a pretty active Telegram community as well.
Here’s how you can reach TradeSanta:
- Email: firstname.lastname@example.org
- Telegram: t.me/joinchat/EhCySlF1SsWMrOPMKt1Lzg
- Facebook: www.facebook.com/tradesanta
Mudrex offers its users a pretty detailed FAQ section, which can help them in almost all major aspects of account-related issues. Moreover, Mudrex has pretty fast email support, and an extensive blog section to learn more about the platform as well. While it has minimal social media presence, the platform has active Discord and Telegram communities.
Here’s how you can reach Mudrex :
Zignaly offers email support to its users, with an active community on Discord. Users can also access the Zignaly blogs, which can help them understand the basics of copy trading, latest announcements and features of the platform, and a lot more. The platform also has minimal social media presence over Twitter.
Here’s how you can reach Zignaly:
- Email: email@example.com
- Discord: discord.com/invite/r5qRXDJ
- Twitter: twitter.com/zignaly
When it comes to community and platform support, Mudrex offers extensive support with multiple active communities. Therefore, it ranks the highest here.
Community & Support
#8 Referral Bonuses
Many people have a good professional network and want to earn with it. Referral or affiliate programs are the ideal way to earn some extra bonuses while you are investing. So, the next question that a user asks when joining a platform is ‘How Good Is The Affiliate/Referral Program, And How Much Can I Earn WIth It?’
At TradeSanta, you can refer a user and earn 20% of each plan purchased by them. The funds will be transferred to your referral balance, and you can use them on the platform, or withdraw them to your BTC wallet. However, the minimum withdrawal amount is $30.
At Mudrex, for every valid user referred, one can earn a bonus of $25. Furthermore, one will also receive 50% of whatever the referred user spends on Mudrex, without any earning limits. Mudrex also hosts scores of bonuses, including exciting prizes, additional bonuses, and a lot more.
Since Zignaly is free to join for every user, one can only earn a referral amount when the referred user adds their money to the account. At Zignaly, you can earn $5 for every active user who uses an account with a real balance.
In a referral program, high profitability and no earning limits are extremely essential. Mudrex offers a flexible and profitable referral plan to its users, making it the highest-ranked platform in referral bonuses.
TradeSanta vs Mudrex vs Zignaly — The Final Verdict
As more and more traders join the cryptocurrency realm, automated crypto trading bots have become essential for many. These platforms have multiple advantages and limitations, and this TradeSanta vs Mudrex vs Zignaly review proves that. It is essential to note that no one trading bot will be perfect for every trader, and the tools that you are looking for in a bot will define ‘the best trading bot to invest in’ for you. We hope this review can help you select the right crypto trading bot and maximise your profits.
Even though no bot is perfect, after a detailed review of these three platforms, Mudrex comes out to be the ideal choice for crypto traders. This easy to use platform with a sleek UI, comprehensive security and many other features can help you automate your trades, and earn while you sleep. Moreover, Mudrex offers resources for its users to learn technical analysis, provides tips and tricks and a lot more. It does not matter if you are a beginner trader or a seasoned expert, Mudrex offers something for everyone. 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.