Best Trading Robots – Auto Trading Robots For Crypto & Forex

What is a trading robot and how can it help you with your crypto trading endeavors? If you’re looking to buy Bitcoin right now you’ll be participating in one of the most liquid and volatile financial markets out there. 

But how do you make the most of unique trading opportunities in a marketplace that operates 24/7 and experiences billions of dollars in daily trading volumes? The best trading robot allows you to trade BTC passively and automatically which is ideal for beginners with little trading knowledge. 

In this guide, we’ll cover everything there is to know about trading robots and how you can get started in a matter of minutes! 

#1 Trading Robot for Beginner Crypto Traders – BitIQ  

Best Trading Robot 2021 List

Are you hunting for the best trading robot to use in 2021? Here are our top three Bitcoin trading robots that made it on our top recommended list. 

  1. BitIQ – Best trading robot for Beginners
  2. eToro – Top-rated Crypto Broker for Automated Bitcoin Trading
  3. Cryptohopper – Best trading robot for Portfolio Management

Best Trading Robot – A Quick Guide For 2021

If you’re looking for a straightforward guide on how to get started with the best trading robot just follow the steps below. We’ll show you how to start investing in Bitcoin using the top-rated trading robot BitIQ. 

1. Open a Free Account 

Head over to the BitIQ website and register an account for free in a matter of minutes. You’ll be required to enter your details including a valid email address, name, phone number, and choose a password for your account. Once you’re done with the sign-up process, simply verify your email address with the code provided.

Best Trading Robot

 

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Around 70 percent of the investors will lose money.

2. Deposit funds 

The next step involves depositing funds into your BitIQ account. The minimum deposit is just $250 and you can choose from a range of payment methods. These include credit cards, debit cards, and bank transfers. It’s also worth noting that you can try the BitIQ software for free before you decide to deposit any funds into your account. 

3. Practice your Bitcoin trading strategies with demo trading

The best way to practice your cryptocurrency trading strategy without risking real capital is to use the demo trading feature. Otherwise referred to as a paper trading account, demo trading allows you to practice online Bitcoin trading in a risk-free simulated environment.

4. How to use the BitIQ App 

  • Register with a certified crypto broker
  • A designated account manager will be assigned to you once registration is complete
  • Your account manager will give you access to the BitIQ App. 
  • Now you can set up BitIQ App to suit your trading needs. 

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Around 70 percent of the investors will lose money. 

Best Trading Robots Reviewed

Let’s take a closer look at the best trading robots to use in 2021 so you can choose which one suits your trading needs and financial goals. 

1. BitIQ – Best Trading Robot for Beginners

Expert Bitcoin traders seek out market trends to help make the best trading decisions based on technical and fundamental analysis. However, this begs the question: how do beginners buy and sell Bitcoin (BTC) for short-term and long-term gains? A trading robot takes the stress and emotion out of crypto trading, and this is where BitIQ comes in. 

BitIQ offers a well-programmed software that expert Bitcoin traders use on a daily basis to make better trading decisions quickly. But what makes BitIQ so popular with novice and experienced traders? BitIQ was built with all types of crypto traders in mind. That is to say that you don’t need extensive knowledge of the cryptocurrency market to start trading Bitcoin with the BitIQ App. This is because you will be assigned an account manager who will be available for support at all times.

Best trading robot - BitIQ

User-Friendly Platform

The BitIQ App offers a user-friendly interface with a range of analytical features. You can also customize your trading experience to suit your needs and strategy, as well as set take-profit and stop-loss orders. BitIQ is also compatible with Apple iOS and Android mobile devices, so you can trade anywhere, anytime without missing unique trading opportunities. 

BitIQ - One of the best trading robots in 2021

Copy Trading

Additionally, BitIQ facilitates copy trading allowing you to execute trades based on the trading strategies of other expert cryptocurrency traders. The BitIQ trading robot uses AI (artificial intelligence) and blockchain technology to offer profitable and sophisticated crypto CFD trading. The trading robot was launched in 2018 and has grown to be one of the leading automated crypto trading tools. 

Rating 4.5/5
Robot Type Crypto Trading Robot
Win Rate Unspecified
Supported Assets BTC, ETH, XRP, others
Is It a Scam? No
Minimum Deposit $250
Withdrawal Timeframe 24 hours
Mobile App Yes

Pros

  • Ideal for beginner traders
  • Uses AI-powered algorithms 
  • Minimum deposit just $250
  • Fully customizable to suit your trading strategy
  • Access to a demo account

Cons

  • Not regulated by the FCA

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Around 70 percent of the investors will lose money. 

2. eToro – Top-rated Crypto/Forex Broker for Automated Bitcoin Trading

Launched in 2006, eToro is a leading social trading platform that serves more than 20 million crypto and forex traders worldwide. This top-rated crypto broker is alsoeToro logo regulated and authorized by several top-tier financial authorities including the FCA, CySEC, and ASIC. This means that you gain exposure to the multi-trillion dollar cryptocurrency market with a broker that’s trusted and fully regulated. Furthermore, eToro doesn’t charge a commission when trading cryptos, instead, you’ll just have to pay the market spread when using forex trading robots. 

The typical spread for trading Bitcoin on eToro is just 0.75%, which is very competitive compared to other cryptocurrency exchanges. eToro supports around 30 different cryptocurrencies including Bitcoin, Ethereum, Uniswap, Litecoin, Ripple, Algorand, and many more. You can also trade popular crypto crosses, currency crosses, and commodity crosses. 

Best trading robot - eToro offers copy trading tools

Trade digital assets on eToro with a minimum investment of just $25

The minimum investment is just $25 and you can also trade cryptocurrency CFDs if you prefer to use leveraged speculative trading strategies to participate in the markets. When it comes to trading and non-trading fees eToro is one of the cheapest brokers out there. With a minimum deposit of $50, no deposit fees or account fees, eToro is a great choice if you’re looking for a low-cost crypto/forex broker to use your own crypto or forex trading robot. 

eToro’s Copy Trading Features – CopyTrader and CopyPortfolio

As far as automated Bitcoin trading goes, eToro offers Copy Trading features. Simply put, this means you can copy the trading strategies of any expert trader on the eToro platform. Therefore, if your chosen Bitcoin trader invests 25% of their funds into a Bitcoin sell order, your portfolio will copy the trade automatically. The CopyTrader feature is perfect for beginners and comes at no extra cost. But, there is a minimum investment of $500 when using the CopyTrader tool. 

eToro CopyTrader

On the other hand, you can use eToro’s CopyPortfolio service to automate your Bitcoin trades. Put simply, these are diversified investment portfolios made up of different cryptocurrencies, assets, and even the best eToro traders. The eToro team manages the CopyPortfolios so you can invest passively. 

The onboarding process is quick and simple, and you can deposit funds using a wide range of payment options with zero deposit fees to worry about. 

Rating 5/5
Robot Type Copy Trading Tools
Return Rate 429.91% for CryptoPortfolio
Supported Assets 30 Cryptocurrencies 
Is eToro safe? Yes, it is regulated by the FCA, CySEC, and ASIC
Minimum Deposit $50
Deposit fees None
Mobile App Yes

Pros

  • Fully regulated and authorized by the FCA
  • Access to a wide range of cryptos and other tradable assets
  • Minimum deposit just $50
  • Trade Bitcoin with a typical spread of 0.75%
  • Access to a demo account, auto trading, and copy trading features

Cons

  • $10 inactivity fee after 12 months of no login activity

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider. 

3. Cryptohopper – Best Trading Robot for Portfolio Management

With its array of useful features, user-friendly interface, and offering of 75 digital assets and nine top-rated Bitcoin exchanges, Cryptohopper is a leadingCryptohopper provider in the trading robot sphere. Cryptohopper is an automated trading robot that buys and sells assets on your behalf. After you’ve connected Cryptohopper to a trusted crypto exchange, you can choose from a range of strategies that the trading robot will use to try and make positive returns. 

Leading trading robot - Cryptohopper

Cryptohopper Pricing Plans 

There are three packages to choose from, but Cryptohopper also offers a Pioneer plan which is a free trial starter package. Clients can simply register and start using the service without having to enter any payment details. Once the trial period expires, the Cryptohopper is disabled automatically, and the user can choose to buy a full subscription. 

  • Explorer starter package – $19.00 per month with a 7-day free trial
  • Adventurer Trader plus package – $49.00 per month
  • Hero Pro trader package – $99.00 per month

Best trading robot - Cryptohopper pricing

Variety of Trading Tools

Cryptohopper offers a wide range of trading tools including a robot backtesting tool, customizable templates, trailing stops, and heaps of technical analysis indicators such as RSI, Bollinger Bands, and MACD. Cryptohopper currently supports nine leading exchanges: Binance, Bittrex, Bitfinex, Coinbase Pro, Huobi, Cryptopia, Kraken, Kucoin, and Poloniex. 

Rating 4.3/5
Robot Type Trading bots work via an API
Success Rate Unspecified
Supported Assets 100+ Cryptocurrencies 
Is Cryptohopper safe? Yes 
Mobile App Yes

Pros

  • Compatible with nine leading crypto exchanges including Binance
  • Customer support can be contacted via social media platforms
  • Access to a range of trading tools including technical indicators
  • Configure trading robots to trade automatically 24/7
  • Wide range of payment options including PayPal, Bank Transfer, and cryptocurrencies
  • Automatic portfolio rebalancing

Cons

  • Not suitable for complete beginners with little to no trading experience

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider. 

What are Trading Robots?

A Bitcoin trading robot is a trading software that monitors the cryptocurrency market for unique trading opportunities, and then executes trades on your behalf. The best Bitcoin trading bot uses AI algorithms to decide how much to enter in a trade, and when to close a position based on customizable parameters. In comparison to crypto trading signals, cryptocurrency trading bots are more sophisticated as they do most of the work for you. 

Best trading robots

The main benefits of using a trading robot are that it eliminates emotions from the trading process and is a passive trading strategy. This means you don’t have to analyze technical indicators and fundamental data, or even understand how and why the crypto market functions. Different trading robots allow different levels of user involvement but they all work on pretty much the same logic. 

How Does a Trading Robot Work?

Crypto traders often look for the best Bitcoin trading bot to help optimize their trading strategies and investment portfolios. But just how do these trading bots work? Most crypto trading bots work by using market data analysis along with market risk forecasts to make the best trading decisions going forward. 

trading robots work by identifying market trends and price movements of a particular cryptocurrency. A trading robot might focus on pinpointing one pattern, or it could search for different technical patterns using indicators such as MACD and RSI to find the best trading opportunity that poses the highest potential for positive returns. 

Artificial intelligence 

Most trading robots use AI (artificial intelligence) to perform accurately and efficiently. Depending on how the AI algorithm is built, the best trading robots have been known to achieve accuracy rates above the 90% mark. This means that out of every 100 trades a trading robot executes, 90 or more are likely to be profitable. 

It’s also worth noting that some trading robots offer greater flexibility than others. Basic providers might provide just a couple of parameters and a few customization options. The best trading robots allow you to tweak the AI’s settings to search for specific cryptos and unique trading opportunities. 

How To Choose The Best Trading Robot

If you’re trying to choose the best trading robot that suits your needs, there are several things you need to keep in mind. 

Accuracy rating

First and foremost, you need to consider the robot’s accuracy rating. The number one reason why you would be looking to use a trading robot is to find the best trading opportunities and make positive returns in a passive approach to cryptocurrency trading. With that said, you should be looking for a trading robot with an accuracy rating of at least 88%. 

Trading opportunities 

Another key metric to assess is the different trading opportunities the trading robot can identify. Usually, trading robots that scan a larger volume of cryptocurrencies and crypto crosses will find more unique trading opportunities. Certain AI algorithms also search for multiple technical patterns and trends to trade, which in turn increases your overall daily trading volumes. So, this is something to bear in mind especially if you are interested in executing high trading volumes per day. 

Fees and Commissions

You’ll also need to consider what type of fees and commissions the trading robot provider charges. BitIQ requires a minimum deposit of 250 USD, while eToro has a minimum deposit of just $50. However, both these crypto trading platforms facilitate commission-free crypto trading. 

How to use a Trading Robot

Are you ready to start trading with a trading robot? We’ll guide you through how to use the best trading robot with BitIQ, our top-rated trading robot for 2021. 

Step 1: Create an Account

Open a free account with one of the leading trading robots - BitIQ

The first step involves heading over to the BitIQ website and opening an account. The onboarding process is free and fully digital. You’ll have to enter your details including name, email address and phone number. 

Step 2: Verify your Account

Once you’ve opened your account, you’ll need to verify it by uploading proof of ID and address documents. 

Step 3: Fund your Account

The minimum deposit for BitIQ is $250 and you can use a variety of payment methods including debit cards, credit cards, bank wire transfers, and e-wallets like Skrill and Neteller. 

Step 4: Use The Demo Account

Using a trading robot can be difficult even for advanced traders. As such, it’s recommended that you make use of the BitIQ demo account before you deposit funds. Once you’ve familiarized yourself with the demo version and if it suits your own strategies then you’ll be ready to move onto the live BitIQ trading account. 

Step 5: Start Trading

To start trading you must alter the bot’s settings, such as trade volume and risk level so that it trades according to your preferences. Make sure you’ve completed the risk tolerance exam and experimented with different settings on the demo to see what works best for you. Finally, simply tap on the Live button to start a live trading session. 

Best Crypto Trading Bots – Expert Verdict

Trading with the best trading robot can help eliminate the emotional aspect of your crypto trading strategy as well as making the most of unique trading opportunities. The crypto market is one of the most volatile yet liquid markets in the world. Having a trading robot do most of the work is useful as the crypto market is open 24/7. 

If you’re looking to buy and sell Bitcoin and other trending altcoins automatically with the best trading robot in 2021, follow the link below and sign up for BitIQ today!

BitIQ – Overall Best trading robot 2021

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Around 70 percent of the investors will lose money.

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About Dassos Troullides PRO INVESTOR

Dassos Troullides is an experienced finance writer who specializes in CFD, stock, and crypto trading. In particular, Dassos is skilled at breaking down complex financial topics to help new and advanced investors make better trading decisions. Dassos also writes for TradingPlatforms.com, BuyShares.co.uk, LearnBonds.com, InsideBitcoins.com and ForexCrunch.com