Trade Santa features demo crypto trading and has support available for futures and spot markets. The platform allows traders to create their custom crypto trading algorithms that can connect with multiple exchanges and trade automatically. To see if the service is trustworthy, we will note all the pros and cons in our article and detail them neatly.
First Trade Santa quick summary
|The platform supports multiple indicators and ready-made strategies||The free trial is only available for three days|
|Available for a test drive for free for three days||Supports grid strategies|
|The subscription plans are affordable||The FAQ section answers a few questions|
|Traders can contact the developers through a contact form and Telegram||There is no live chat available|
|The platform is user friendly||The total number of exchanges are limited|
|Ease of Investment:||3/5|
What is a Trade Santa?
Trade Santa was founded in 2018 and is a cloud-based service that helps traders automate their crypt trading. It has multiple indicators and allows for both long and short trading. Traders can try out the service for free on a demo account or choose to buy one of the packages on the website for live trading.
How does Trade Santa generate profits?
By connecting the Bot with your exchange, traders can generate a passive income for themselves. The algorithm will carry out all the executions based on the coded information and maintain risk. Trade Santa allows instruments such as Ethereum, Bitcoin, Binance coin, Ripple, etc. It is possible to backtest your strategy by using a virtual portfolio.
Safety and security
The platform does not have access to traders’ funds as they are stored in their respective exchanges. It uses the API key to connect to their account and execute trades automatically. Investors are in complete control of their funds at all times.
How Trade Santa pricing works
Trades Santa has multiple packages available for subscription. This includes the basic package that costs $15 each month, where traders can create 49 bots of their choice—99 and unlimited EAs area available at $27 and $35.
The platform supports a limited number of exchanges. It includes Binance, Coin base pro, OKEX, Huobi, Binance futures, and HitBTC. The developers plan to provide more exchanges in the future.
How long has Trade Santa been in business?
The platform went live in 2018 and expanded their markets in 2020 added more exchanges to their portfolio. Unfortunately, the developers do not disclose information on their whereabouts and experience in the market. They only provide an email address to contact them.
How to get started with Trade Santa?
Traders can get started with the platform in the following steps:
- After purchasing one of the packages, traders can develop their strategy
- Multiple indicators are available to choose from, and investors have the option to select from Grid, DCA, or smart order
- Connect your system to exchange by using the API key
- After the connection is made, the Bot will start trading on the account
Traders can contact the developers through an email address available on the website. They also provide a link to their Telegram account for this purpose.
Trade Santa is an average crypto algorithm creating a platform that supports a limited number of exchanges. It openly supports averaging strategies, which can cause a high drawdown if the market trends in one direction. Traders have to be careful of phishing attacks while connecting their accounts.