Jimmy AkiAutomated trading platforms reduce the workload of investors by analysing assets autonomously. These trading platforms also help users identify profitable trading opportunities as well as the best entry and exit points for these trades.
Before making a choice, investors should know how these platforms work and the Best Automated Trading Platform to use for their investments.
The Best Automated Trading Platforms Ranked
This section provides a quick rundown of the best automated trading platforms:
- eToro Copy Trading: The Overall Best Automated Trading Platform
- Learn2Trade: Easily Trade Forex And Crypto
- Cryptosignals.org: High-Quality Crypto Signals At Your Fingertips
- Bitcoin Era: High-Quality AI-Powered Trading System
- Bitcode AI: Great Trading Platform For Beginners
- Oil Profit: Trade Oil Markets Like A Pro
- Bitcoin Prime: Faster Speeds Than The Crypto Market
- Bitcoin Loophole: Access Leverage Trading In A Snap
- NFT Profit: Multi-Asset Support For Cryptocurrencies
- Immediate Edge: Highest Win Rate In The Market
Top 10 Automated Trading Platforms Reviewed
Now, let’s take a deeper look into the best-automated trading systems available in the market today:
1. eToro Copy Trading: The Overall Best Automated Trading Platform
eToro is a social trading platform and one of the best investing apps where investors can trade financial assets for low fees. The platform offers opportunities for investors to buy cryptocurrency, stocks, commodities and others. Also, the platform also provides investors with access to earning opportunities through its unique automated trading system, CopyTrader.
CopyTrader allows investors to mimic the trades made by the platform’s expert traders. They can choose which traders they would like to copy and model their trading strategies after.
With the CopyTrader auto trading system, investors can examine the different top traders based on several parameters. These include trading style, risk tolerance, and past portfolio performance. The feature offers an extensive list of customisation options, allowing you to place your investment on auto-pilot.
eToro.com provides this unique feature at an affordable rate as fees on the platform are reasonable, even for investors with low budgets, and there are no extra management fees for automated copytrading.
The minimum first deposit on the platform is $10 for investors in the US and UK.
CopyTrader requires a minimum requirement of $200. Additionally, the fees applicable to investors on crypto trades consist of a 1% charge each when investors open and close a position in addition to the raw market spread of 0.46%. This brings the total fee on a crypto trade to 2.46%. Withdrawals attract a flat fee of $5.
eToro supports payments using cards, wire transfers, payment processors, and e-wallets.
Additionally, the crypto trading platform prioritises security and is regulated by top-tier regulatory bodies.
The Cyprus Securities and Exchange (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), and the Financial Industry Regulatory Authority (FINRA) all oversee eToro’s financial processes.
To further enhance security, the platform uses advanced encryption and masking technologies to protect user accounts. eToro also uses two-factor authentication (2FA) to secure the accounts and deter imposters from gaining access.
If you’re a beginner looking to remain profitable while learning the ropes or an expert trader looking for additional validation, eToro is right for you.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
2. Learn2Trade: Easily Trade Forex And Crypto
Learn2Trade is a premium service that offers crypto and the best forex signals to traders in the market. Based in the United Kingdom, the service operates through a highly exclusive Telegram channel.
With Learn2Trade, beginner traders in the forex and crypto markets are provided with daily 3 to 5 verified signals.
Learn2Trade offers a free and premium plan to investors. The free plan allows investors to test the service, offering 3 signals weekly. On the other hand, the premium plan bills users £35 per month, £65 (£21.66/month) every three months, £95 (£15.83/month) every six months, and £250 for lifetime access.
The service promises safety to its subscribers. Trade signals are sent and users can execute them on top forex brokers such as eToro, AvaTrade, eightcap, and Long Horn.
As an automated crypto trading platform, Learn2Trade supports signals in over 20 cryptocurrencies.
Using Learn2Trade, traders are able to gain access to all the major forex trading pairs – as well as some exotic FX currency pairs. Beginners also get access to thorough trading courses as well as funded trading accounts.
The trading signal provider promises a 76% success rate across its FX and crypto services and investors can average a handsome reward of 40% monthly profit.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
3. Cryptosignals.org: High-Quality Crypto Signals At Your Fingertips
As its name suggests, Cryptosignals.org is a full-service provider of cryptocurrency trading signals. Launched in 2014, Cryptosignals runs its crypto trading services through a dedicated Telegram channel. The platform offers access to up to 3 signals daily and the developers promise that investors have the opportunity to make up to 40% profit monthly according to its developers.
Users can easily make sizable profits from trading BTC, ETH, ADA, DOT, LINK, and Ripple’s XRP.
Investors can join a free VIP Telegram group run by Cryptosignals.org where you’ll get up to 3 signals weekly. However, investors who would like to join the paid channel will pay fees up to £42 for a monthly subscription, £78 for a quarterly subscription, £114 bi-annual subscription and an annual billing of £210.
The developers of cryptoisgnals.org have claimed that the channel offers an impressive 82% success rate. The automated trading software also has connections with some of the top brokers in the crypto market, including eToro, AvaTrade, and Capital.com.
To optimize its signal service, the Crypto signals team scans the crypto market while using in-depth technical analysis, AI algorithms, and fundamental research to identify profitable trading opportunities for its members. Users are forwarded the assets to trade as well as entry and exit prices. Stop-loss (SL) and take profit (TP) positions are also created for a more risk-averse trading experience.
Meanwhile, new users are able to access a rich library of educational materials to help through their learning curve. They can also get an updated market report on the news section.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
4. Bitcoin Era: High-Quality AI-Powered Trading System
Bitcoin Era is another great option among the best automated trading platforms that offers impressive service to cryptocurrency traders. Its developers tout its 85% success rate, although we recommend proceeding with caution.
The Bitcoin Era is especially great because it doesn’t charge any fees for its service. The platform has a minimum deposit amount of $250 and charges no commissions on trades. For fee-conscious investors, this is very advantageous. Withdrawals are equally free and take 24 hours to process.
With the Bitcoin Era bot, you have an auto trading bot that works with artificial intelligence to help you peruse the market and identify profitable trends. This bitcoin trading bot allows trading in four different cryptocurrencies – Bitcoin (BTC), Ether (ETH), XRP (XRP), and Litecoin (LTC). It also supports the BTCEUR and BTCUSD forex pairs.
The Bitcoin Era focuses on trading cryptocurrency contracts for difference (CFDs). These are contracts that give you the right to buy Bitcoin, for instance, or sell the asset at a given price and time in the future. So, you’re not actually trading the assets themselves.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
5. Bitcode AI: Great Trading Platform for Beginners
Bitcode AI is another automated Bitcoin trading software that is starting to make the rounds. Like many other Bitcoin trading bots out there, this one focuses on parsing the market using its artificial intelligence and machine learning system. You should know that this is a cryptocurrency trading bot, and we recommend doing your research before using it.
Deposit and withdrawals are entirely free, and the bot’s developers also claim that they don’t take any fees for the trading service. However, note that the minimum deposit here is $250 and withdrawal transactions are concluded within a 24-hour timeframe.
Bitcode AI’s developers have claimed that the bot offers an 85% success rate. This should keep the bot relatively competitive. While it supports Bitcoin alone, the claimed success rate is still highly impressive. However, investors need to be careful while dealing with auto trading platforms like this.
Another impressive feature of the bot is the ability to trade with leverage. Bitcode AI offers up to 500:1 leverage on margin trades, making it possible for you to exponentially increase your earnings.
With Bitcode AI, you get an automated crypto trading system that works for both beginners and expert traders. It is flexible and versatile, and it even offers a demo account for testing and strategy refinement.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
6. Oil Profit: Trade Oil Markets Like A Pro
Oil Profit, one of the best automated trading platforms for alternative markets, focuses on helping you to earn profits from the oil markets. With Oil Profit, commodity traders have an automated trading system that allows them to trade the oil markets from the comfort of their homes.
As fees, this automated oil trading platform takes a 2% commission on all successful trades. The broker also charges 2% for withdrawal transactions, which are usually processed in 24 hours.
The trading system is easy to use, and, to ensure the safety of assets, it connects with a team of partner brokers to help investors process and manage their trade positions.
While we couldn’t find much information about the trading system’s developers, we advise that you be cautious when using this platform as we couldn’t verify it’s claims to success.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
7. Bitcoin Prime: Faster Speeds Than The Crypto Market
Bitcoin Prime is another top option among the best automated trading platforms available today. As its name suggests, the asset focuses on cryptocurrency trading, using high-frequency trading to achieve a 0.1-second lead on the market itself.
Like many other options on our list, Bitcoin Prime is entirely free to use. The trading system has a minimum balance requirement of $250, but this is pretty consistent with other trading systems as well.
Bitcoin Prime supports trading in multiple cryptocurrencies – including BTC, ETH, NEO, BNB, LTC, and more. This means that it is one of the most versatile among the best automated trading systems. Bitcoin Prime also supports optimal customization, making it great for both beginners and advanced traders.
Bitcoin Prime has optimal customer support,which the developers claim is available via phone and Email 24//7. As expected, you can also access a demo trading feature if you’re a beginner who needs to learn the ropes.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
8. Bitcoin Loophole: Access Leverage Trading In A Snap
Bitcoin Loophole is a trading robot that uses algorithmic, high-frequency trading to help you trade cryptos around the clock. The bot’s developers have made some grandiose claims, including the fact that you can earn up to 60% returns daily with the trading system.
Bitcoin Loophole is one of the best automated trading platforms in the Crypto space.
This Bitcoin robot supports a litany of coins, including but not limited to BTC, ETH, XRP, BTG, BNB, ADA, and NEO. The bot also has a claimed success rate of 85% on trades, which is quite competitive across the industry.
The trading bot offers margin trading with a 5,000:1 maximum margin peg. This means that with the minimum balance of $250, you should be able to get up to $1.25 million to trade.
Unlike some of the other automated trading systems on our list, Bitcoin Loophole takes a 2% commission on all successful trades. Deposits and withdrawals are free, and there are no hidden fees.
Using Bitcoin Loophole, you get 24-hour withdrawals as well as round-the-clock customer support.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
9. NFT Profit: Multi-Asset Support For Cryptocurrencies
NFT Profit is an automated trading system that also focuses on cryptocurrency trading. Even though its name might include them, it is worth noting that this is not a non-fungible token (NFT) marketplace of some sort.
With a minimum balance of $250, NFT Profit is highly competitive among its peers. The bot also promises no fees for withdrawals and deposits, although it should be noted that its brokers might charge commissions on your trades.
The developers of NFT Profit have claimed that traders on its platform make an average of $1,300 per day. The service is versatile, supporting trading in BTC, USDT, LTC, ETH, and XRP. These trades are managed by a network of partner brokers who help to process trade and ensure proper position sizing.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
10. Immediate Edge: Highest Win Rate In The Market
Rounding out our list of the best automated trading platforms is Immediate Edge – a trading system that supports multiple cryptocurrencies and promises a win rate of 99% (though bear in mind we couldn’t verify this).
The bot has a minimum deposit requirement of $250, and it even accepts multiple payment methods – including bank transfers, credit/debit cards, Skrill, and PayPal.
The crypto trading bot supports Bitcoin, Ethereum, Litecoin, Ripple and Cardano for trades.
With Immediate Edge, traders get several benefits. These include 24-hour transaction windows, around-the-clock customer service team, and access to a demo account to test out their strategies and get a feeling of how the platform works.
Immediate Edge uses artificial intelligence and machine learning to parse the market and predict price movements. This allows the bot to spot possible entry and exit points for coins and improve your chances of earning a profit. While Immediate Edge claims that traders don’t need extensive market experience or knowledge to make money, we recommend doing your research before you begin trading.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
What is Automated Trading?
Automated trading is a form of machine-based system that helps to simplify trading and provides features that can improve investor’s chances of earning profit from the market.
An automated trading system focuses on conducting some critical research on your behalf, thus making it easy for you to find the right entry and exit positions in the market. Several of these trading systems also feature demo accounts for users looking to learn the ropes.
The best automated day trading platforms are those that offer support for multiple assets – whether across different asset classes or in the same class. This versatility improves your chances of earning profits and ensures that you don’t need to use more than one tool when trading.
Types of Auto Trading Systems
Automated trading systems are designed to allow traders to establish specific rules for trade entries and exits. These systems are made to automatically generate trade signals based on programs and historical data to be executed.
They take out some of the emotions individuals are liable to experience when making trades. There are several ways one can use an automated trading system. The major types of automated trading systems are:
1. Copy trading
Copy trading is an automated trading strategy that allows newbie traders to copy the trade strategies of expert traders. The main reason for copy trading is for a novice trader to earn just as much profit as an expert. It is an investment option with less room for crippling mistakes. However, before copy trading, it is important to understand the process and an analysis of the market you are entering.
2. Signals
A trade signal is a trigger to buy or sell an asset based on concrete analysis. The analysis can be human-generated using technical indicators or using mathematical algorithms based on market actions in combination with economic indicators.
Trade signals require a variety of input. Typically, a technical analysis constitutes the major component but fundamental and quantitative analysis may also be valid factors to consider. Sentiment and signals from other signal systems may also influence a trade signal generation process. The goal of trading signals is to give an investor a method devoid of emotion to buy or sell an asset.
3. Trading Bots
Trading robots are automated software programs that carry out trades on behalf of a trader. The program is usually armed with artificial intelligence to ensure that all factors necessary to select the best trade deal in the market are considered. The auto trading bot scans the market for likely trade opportunities and runs through several historical data and compares them with present price patterns before placing the trade.
The robot also considers a perfect exit point using the data collected. Most of the time, traders do not have to be actively involved in the trading process, but it is important for them to know a few things about the market in order to monitor their trades.
Is Automated Trading Profitable?
Automated crypto trading is highly profitable and presents users with many advantages such as:
1. Improves Order Entry
Computer programs react instantly to changes in market conditions. Automated systems can produce orders as soon as trade criteria are met. Getting in or out of a transaction a few seconds earlier can make a significant difference in the outcome of the trade.
All additional orders, including protective stop losses and profit targets, are automatically processed as soon as a position is registered. Markets can move quickly, and it can be discouraging to see a trade hit a profit target or blast beyond a stop-loss level before the orders can even be executed.
2. Retained Discipline
Discipline is maintained even in tumultuous markets since trading rules are defined and trade execution is automated. Discipline is frequently lost as a result of emotional causes such as fear of losing money or the desire to squeeze out a bit more profit from a trade. Because the trading plan will be followed exactly, automated trading helps to retain discipline.
3. Backtesting
Backtesting evaluates the validity of a concept by applying trading rules to historical market data. When building an automated trading system, all rules must be absolute, with no opportunity for interpretation.
The computer cannot make educated guesses and must be informed exactly what to do. Traders can use these precise sets of rules to test them on historical data before putting their money at risk in actual trading.
How to Start Automated Trading
To get started with auto trading on eToro, investors can follow these quick steps:
1. Create an Account
Go to the eToro homepage and click the “Start Investing ” button. 
Enter your email address and username, and then confirm your account by clicking on the link sent to you by eToro.
This should take no more than five minutes, thanks to eToro’s rapid enrollment process.
2. Verify account
As a regulated broker, eToro requires you to prove your identity. Go to your profile page and follow the prompts to verify your identification, then provide your proof of address and government-issued ID.
3. Deposit Amount
Click the “Deposit Fund” button on your profile page. You can fund your eToro wallet using a variety of methods. To use the CopyTrader feature, investors need to deposit a minimum of $200 in a trader.
4. Choose a Trader
When choosing a trader it is important to search for one based on their performance (how many successful trades they have), assets and risk score. These are important to ensure that trades are successful and profitable most of the time.
5. Set an Amount
After choosing a trader, the copier needs to set an amount they wish to trade with. The minimum trade size is $1 and if the proportional amount in the copier’s account is less than $1, the trade will not open.
6. Click Copy
The next step is to click the ‘Copy’ button to start automatically copying the trader’s positions. Traders will automatically make the same moves as the copied trader. Once the trader closes a position, the copier’s position will also close.
Conclusion
Automated Bitcoin trading is an efficient method of realizing substantial profits from trades. Using some of the best automated trading systems, investors are able to reduce unproductive factors that influence manual trading. Automated trading improves returns on trades due to the absence of emotional factors and utilizes programs to conduct extensive research before placing trades.
Having considered the diverse means of automating trades, the eToro CopyTrader feature stands out in all ramifications. The feature employs the skills of more experienced traders with a proven track record and risk tolerance to ensure that new traders do not lose as much in the market. The step-by-step method provides a vivid process of how a novice can be onboard onto the CopyTrader platform. It is also important to do your own research before using any of the platforms listed to ensure maximized success rates.
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
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This article was written for Business 2 Community by Jimmy Aki.
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