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Managing multiple trading accounts can be highly troublesome. However, WunderTrading integrates with ten leading exchanges and enables users to create bots and copy other users' positions automatically. But is WunderTrading worth using or is it too complicated? Throughout this WunderTrading review, we cover the platform's costs, features, and ease of use.
WunderTrading is an exceptionally powerful tool in the hands of experienced traders. The platform enables users to trade on ten market-leading crypto exchanges from a single website and provides access to many crypto bots to automate crypto trading.
However, with a complex interface and many features hidden behind a paywall, WunderTrading is likely to appeal mainly to professional traders aiming to streamline workflow. Beginners could still extract value from its crypto copy trading features and the range of premade bots available to buy.
- Highly customizable
- Huge range of automation features
- Manage multiple exchanges with ease
- Complex to use
- Costs can quickly add up
- Highly customizable. With a massive variety of portfolio management options for users to use, WunderTrading is one of the most customizable platforms on the market, making it possible for crypto traders to execute their strategies with precision.
- Huge range of automation features. While WunderTrading does offer support for manual trading via API, its range of automation tools is the platform's main selling point. Users can create or purchase bots and automatically mirror other users, making the platform excellent for streamlining the trading experience.
- Manage multiple exchanges with ease. Operating multiple exchanges can be extremely tough. However, with its position and crypto portfolio management platform, WunderTrading provides an easy way to control numerous exchange accounts from a single location.
- Complex to use. Although some beginner-friendly features are present, WunderTrading requires a good amount of knowledge to operate successfully. Additionally, bot creation requires scripting experience, making it inaccessible to most people.
- Costs can quickly add up. A monthly membership is required to access essential trading features, copy trading, and pre-created bots. As such, customers could find themself paying an expensive bill each month when using WunderTrading.
WunderTrading Compared and Alternatives
|Exchange||Crypto Assets||Trading Fees||Rating||Promotion||Website||Review|
|Depends on exchange connected||None|
|None available at this time||Visit Coinrule||Coinrule Review|
|Varies based on connected exchange||None|
|None available at this time||Visit Shrimpy||Shrimpy Review|
|None available at this time||Visit Quadency||Quadency Review|
|None available at this time||Visit Cryptohopper||Cryptohopper Review|
WunderTrading at a Glance
Founded in 2017, WunderTrading is a Latvia-based trading platform that enables users to manage portfolios on multiple exchanges in addition to buying, selling, and managing trading bots. As WunderTrading doesn't handle customer funds, the platform is unregulated.
|Platform Name||Wunderbit Trading|
|Features||Trading Bots, Copy Trading, Advanced Trading Terminal, Multiple Account Management|
|Accepted Fiat Currencies||USD|
|Payment Methods||Crypto, Credit/Debit Card, PayPal|
|Supported Cryptocurrencies||Varies Based on Linked Exchange|
|Trading Fee||Varies Based on Linked Exchange|
|Customer Support||Help Center, Live Chat|
|Security Measures||2FA, AES-256 Encryption, Doesn’t Store Customer Funds|
|Mobile App||Yes (Android)|
Top Features on WunderTrading Reviewed
Create or Purchase a Trading Bot
Perhaps the most powerful and intriguing feature of the WunderTrading platform is the ability to operate trading bots. Users can create a bot by setting various parameters, including the time frame, tradable pairs, and on which exchange to execute the order. Additionally, anyone making a bot must have a sound strategy in mind, as they're required to set entry/exit points, risk amount, and a stop loss.
WunderTrading has also introduced a pyramiding feature for bot automation, allowing users' crypto trading bots to scale into a position and provide a flexible exit strategy that can be triggered manually or automatically via the bot.
Furthermore, each bot requires a signal source. While using custom sources is possible, TradingView is the most common option. It's important to note that knowledge of TradingView's scripting language, Pine, is required for users to create a bot, as users must build a strategy on TradingView before executing it via WunderTrading. Although creating a bot on WunderTrading can be complex, users can also purchase a bot created by other traders on the platform.
When selecting which bot to purchase, a user can view its profits/losses, creator, and which exchange it operates on. Furthermore, the bot's creator provides a description of how it operates and the amount of capital required for it to be usable. Before using WunderTrading bots, it's essential to have a sound understanding of trading strategy and risk management. In the hands of experienced crypto trading, WunderTrading is a phenomenal automation tool.
Become a Copy Trader or Sell a Bot
WunderTrading allows users to sell their bots or register as copy traders to earn additional profits. With the platform boasting thousands of active users, successful traders could make substantial monthly sums by going this route. Other notable platforms that offer similar features are PrimeXBT and eToro.
Anyone with a WunderTrading account can automatically mirror the trades of other users to increase their portfolios passively. Using the in-built marketplace, WunderTrading customers can browse through hundreds of traders, viewing their profits/losses, percentage of profitable trades, trading volume, amount risked per trade, and average time in a position. Additionally, users can view a trader's past and live positions to get an idea of their performance.
While copy trading on WunderTrading is straightforward, almost every user charges a monthly fee to people mirroring their trades. As such, it's essential to factor in this additional cost when deciding who to copy.
Furthermore, users can register as copy traders, making it possible to earn money from anyone wishing to mirror their trades. As such, WunderTrading is one of the better copy trading platforms for well-performing traders looking to earn extra income.
Multiple Account Management
WunderTrading enables you to manage multiple crypto exchange portfolios simultaneously without executing the strategy on each account using the terminal. The ability to place trades across multiple platforms helps profit from imbalances in market prices via arbitrage crypto trading. In short, WunderTrading is an all-in-one app and one of the top-ranking portfolio tracking and management software we have compared.
WunderTrading Exchange Trading Terminal
For users aiming to buy and sell crypto manually, WunderTrading offers an advanced trading terminal powered by TradingView. Unfortunately, while the terminal enables users easily place orders on several exchanges, specific features, like setting multiple take-profit orders, require a premium plan, hampering its usefulness.
Instantly Buy Crypto
Although WunderTrading primarily operates as a copy trading and crypto bot platform, it also features a way to buy crypto with a credit or debit card. However, as Simplex powers this service, fees typically range from 3.5% to 5% with a $10 minimum. As such, it's far more cost effective to purchase crypto using a proper exchange like Binance or ByBit.
Creating and Verifying a WunderTrading Account
Creating a WunderTrading account is straightforward and can be completed within a couple of minutes. There are no Know-Your-Customer requirements, so users only have to input an email address and password to create an account. Furthermore, while not a strict requirement, setting up Two-Factor Authentication (2FA) is advisable for additional protection. However, to access the features offered by WunderTrading, the user must link an exchange using an API.
Supported Fiat Currencies, Crypto and Deposit Methods
While trading funds are stored on a crypto exchange rather than WunderTrading, users wishing to upgrade their plans have to do so directly on WunderTrading. The company enables users to upgrade their accounts with crypto, PayPal, and credit/debit cards.
As WunderTrading can be connected to ten of the largest exchanges in the world, users can trade a vast range of assets and pairs. However, as a fully automated trading bot on the platform is exchange-specific, it's worth considering which cryptos a trading platform offers before connecting it to WunderTrading.
Supported Crypto Exchanges
WunderTrading has integrated popular cryptocurrency trading exchanges to offer products, such as the spot market, options, futures, derivatives, and leverage tokens. As a result, users utilize copy trading and automated bots on world-leading cryptocurrency exchanges, including:
- Binance (Spot and Futures)
How To Profit From WunderTrading's Automated Bots
To start copy-trading automated crypto strategies and bots, access the WunderTrading marketplace, browse the offers, and find the most profitable automatic trading strategies on the platform. Customers can also use filters to search for a bot that trades a specific cryptocurrency pair, time frame, or on a particular exchange.
Once a user has selected a crypto bot, they can start mirroring its trades, and the WunderTrading platform will automatically buy and sell on the user's behalf. While the selection of bots is not as extensive as some of the other crypto trading bots we have reviewed, it's possible to back-test each trading strategy to ensure consistent profitability each month before placing trades.
WunderTrading is not a typical crypto exchange, so its fees differ from most trading platforms. Access to the platform is based on four different subscriptions.
- Free. A free WunderTrading plan enables the user to manage five open positions, have two active bots and signal channels, utilize one API per exchange, and have access to spot and futures trading.
- Basic ($39.95 Monthly or $167.58 Yearly). Limits increase to 15 open positions, five active trading bots/signals channels, two APIs per exchange, access to a dollar-cost averaging terminal, trailing top orders, and multiple take-profit orders.
- Pro ($19.95 Monthly or $335.58 Yearly). Increases limits to 100 open positions, 15 active bots/signal channels, five APIs per exchange, and access to a swing and spread trading terminal.
- Premium ($89.95 Monthly or $755.58 Yearly). The most expensive plan lets users open 1000 positions simultaneously and manage unlimited bots, APIs, and signal channels.
On top of the costs associated with buying a WunderTrading membership, users wishing to purchase a trading bot, signals, or follow API accounts must consider the additional monthly fees. While there are free options, most cost between $20 and $100 per month, making WunderTrading quite costly software when compared to similar automated crypto platforms.
WunderTrading Ease of Use
WunderTrading is a feature-rich platform primarily aimed at experienced traders with technical analysis and trading strategy knowledge. Although there is some good content in the help center for users getting started, the complex user interface and the plethora of available options could be challenging for a beginner to understand.
After logging into the WunderTrading platform, users must connect to an exchange before it's possible to monitor their portfolio or use trading bots. Thankfully, this process was quick and easy. Users only need to head to 'My Exchanges,' click 'Add New,' and enter the API keys available from any supported trading platform.
After connecting WunderTrading to an exchange, the user can view their portfolio, place trades, access bots, and utilize copy trading. While customers can create their own trading bot using TradingView as a signal source, the process is complex and requires an understanding of Pine Script. However, it is possible to buy premade bots on the marketplace.
While WunderTrading provides immense customizability for its users, the platform could be more friendly for novice traders and requires significant knowledge of Pine Script and technical analysis to use it efficiently. In addition, although users can purchase premade bots, they incur a monthly charge and offer little explanation of the methodology used.
In November 2022, WunderTrading released a mobile app enabling users to monitor their trading bots from Android devices. The app has been downloaded less than 1,000 times and features an average star rating of 3.7/5 based on seven reviews.
While creating our WunderTrading review, we downloaded and logged into the app but were disappointed that users can only monitor their portfolios, positions, and bots; creating or purchasing a bot must be completed via the web platform. While the app was well-designed and straightforward, its lack of features significantly hampers its use. While suitable for keeping track of bots and open positions, that's all it's suitable for. Access to a desktop computer or laptop is a strict requirement when using WunderTrading.
Customer Support Service
Unfortunately, WunderTrading doesn't offer technical support via a phone line. However, users can immediately contact support via live chat. With an average reply time of under 15 minutes, WunderTrading provides a knowledgeable and responsive support service.
In addition to offering live chat, WunderTrading has created a dedicated help center with articles covering common topics like connecting to an exchange, understanding trading bots, and general account issues. Additionally, the live chatbot can direct users to relevant articles helping to solve problems quickly.
WunderTrading is asecure platform that does not store user funds or identity information. Instead, customers connect their WunderTrading account to another crypto exchange using an API key and configure the permissions (withdrawal rights, futures trading, spot trading) WunderTrading can access.
Users can change bot permissions to provide additional security. For example, it's advisable to only enable trading access when creating trading bots to prevent them from having the ability to withdraw funds. To help secure customer accounts, WunderTrading utilizes Two-Factor Authentication (2FA). Head to the 'Settings' page on the WunderTrading platform to activate 2FA.
Frequently Asked Questions
Although WunderTrading offers a free membership for users wanting to start trading on the platform, it only provides support for five open positions and two trading bots. However, there are also three paid plans ranging in price from $19.95 to $89.95 per month, which increase API, position, and bot limits.
While WuderTrading primarily provides crypto bots and copy trading services, the platform also offers an advanced trading terminal with TradingView integration. While the trades are executed on a platform linked to a WunderTrading account, users can select a trading pair, change order type, and decide how much to risk directly on WunderTrading.
Final Verdict and Scores
WunderTrading is an innovative multi-exchange platform that allows users to trade crypto directly using the Trading Terminal, copy the best-performing traders, and use automated crypto trading bots on the world's most popular crypto trading platforms.
While the ability to create custom trading bots, buy premade bots, and mirror other traders is a great asset, the platform is very complex and could be confusing for people unfamiliar with TradingView scripts and automation tools.
The WunderTrading platform is simple to use, well-designed and recommended for serious crypto traders looking to streamline their experience. However, beginners should ensure that they understand trading bots, strategy, and risk management before attempting to use the platform.
|Review Criteria||HWC Score|
|Features||4 / 5|
|Supported Fiat and Deposit Methods||4 / 5|
|Supported Crypto & Trading Pairs||4.5 / 5|
|Fees||3.5 / 5|
|Ease of Use||3.5 / 5|
|Customer support||3.5 / 5|
|Security Measures||4 / 5|
|Mobile App||2.6 / 5|