Capital Profit Copy Trading Tutorial: Fees, Pros, Cons, and Alternatives

By following these steps, a trading bot can be configured in just a few minutes, and the entire process is simple enough for more novice traders to follow successfully. The platform is still detailed enough to also attract more experienced traders. Yes, a crypto trading bot can generate profits if you use a profitable strategy on the right market. Automated trading bots have become increasingly popular among traders in recent years, and it is easy to understand why.

In this article, we compare Capital Profit vs Pionex vs Cryptohopper to see which is the best. Using this tool does not require you to have a background in trading or any prior experience prerequisites. In other words, making and using trading bots does not require any knowledge of programming. The system accomplishes its goal by making financial trades on your behalf. The trading dashboard allows one to keep tabs on their winnings and losses as they occur.

There is no need for laborious manual configurations, testing, and fine-tuning. If you are unable to get answers to your questions in the Help Center, you can contact the customer support team via the in-app support widget. Capital Profit also has a security checklist that users can check to ensure that their security is not compromised.

If a trading pair of ETH/BTC is chosen, and if after buying ETH the price drops below the original purchase price, then safety trades allow you to buy more ETH with the amount of BTC that set in the safety trade size. That said, the Capital Profit customer support team offers good service to customers. At the time of writing, the platform has a 4.1-star rating in Trustpilot.

Cryptohopper is more flexible, which you can tweak each order type with TAs. On the other hand, flexible means it’s more complicated for newbies. This method allows traders and investors to evaluate how a strategy would have performed in the past, under various market conditions, without risking actual capital. On Capital Profit, you can backtest https://capital-profit.co/en-ca/ your strategies directly using chart data available via TradingView. Still, if you are new to trading bots and you want some guidance in designing your strategies, Capital Profit has got you covered in that regard as well. You can use one of the many apps in the Capital Profit Marketplace, copy trading strategies from analysts on TradingView, and more.

• Hackers have been known to obtain API access to exchange accounts, and commander the bots to purchase high quantities of low value coins that the hacker’s have already previously purchased.
• Just like Growlonix another popular trading bot, Capital Profit allows traders to place trades in multiple exchanges ranging from Coinbase to GDA as well as Binance, Bitfinex, and Huobi all from a single window.
• If a trading pair of ETH/BTC is chosen, and if after buying ETH the price drops below the original purchase price, then safety trades allow you to buy more ETH with the amount of BTC that set in the safety trade size.

After creating the bot, you select your preferred signal provider as the “deal start condition”. In most cases, the higher the quality of the signals, the higher the subscription price. Over the years, Capital Profit has gained over 90,000 monthly active users, more than 270 employees worldwide, $225+ billion trading volume, and $37 million in Series B funding. Trust your analytical skills and setup DCA, Grid, HODL, and Options bots that are suited to take advantage of most any market condition. After clicking the „Copy“ button, the bot’s settings editing form will open, allowing you to make any necessary changes before launching the copy of the bot. To do this, you need to expand the bot’s card and click on the three-dot button.

You also have Take Profit and Stop loss available which makes trading easier than ever before. The paid plans are quite flexible, yet you’re capped at a 50% discount for a year-round subscription. The Bybit Trading bot is an extremely useful tool to get the best out of your trading transactions. Capital Profit integrating with Bybit basically works like a trading robot that can buy and sell your cryptocurrency. It gives you the chance to manage more beneficial trading tools not currently present in the Bybit platform itself.