• Posted On: 10 10 月, 2019
• Posted By: admin

Among investment companies that offer their services to the crypto community, this particular provider stands out thanks to its innovative approach to allocating investor funds. It is not an automation platform at its core. Instead, the company allows its clients to invest in various coin sets to benefit from market-wide trends. Sets act similar to stock indexes and can perform quite well during bull markets.

You won’t be able to run something advanced like an AI crypto trading bot using this particular service. Nevertheless, some investors may find the offerings from this Indian startup incredibly enticing. On the other hand, those, who want to explore the world of crypto on their own and apply their knowledge of technical analysis to their trading patterns, might be disappointed with what this vendor has in stock.

Finding crypto bots similar to Mudrex is a difficult task precisely because it is not a robot in the traditional sense of the word. The platform is an investment institution that takes user funds into custody and allocates them in different markets. While the company does not take any fees and commissions for depositing funds, you may be subjected to various charges when attempting to withdraw funds or when allocating capital to coin sets.

Why did similar tools to Mudrex become popular?

The crypto market is incredibly complex. Almost all digital assets are speculative in nature. Fundamental analysis does not work. It means that many investors who have some experience in traditional financial markets do not feel confident when trying to understand the intricate correlations within the cryptocurrency ecosystem where some assets seem to be gaining traction or falling off without any particular reason.

Many investment institutions quickly realized that the vast majority of investors do not feel “at home” without familiar tools and terminology. Only recently, we have started seeing things like Bitcoin and Ethereum ETFs offered by various funds like Blackrock or Fidelity Investments. However, earlier attempts at making the crypto market a little bit more comprehensive to investors coming from the stock market were all focused on bundling coins together.

Bitcoin dominance is the most important indicator for many crypto enthusiasts who are focused on long-term holding. The influence of the most important coin on the market at large is hard, if not impossible, to deny. Many investors do not see a reason to invest in a speculative asset that may stop gaining value without any reason for the decline of investor interest. Instead, they want to focus on promising tokens.

The issue here is that many people simply do not understand the value of the underlying technology and cannot appreciate the potential of any given blockchain project. To make the investment process a little bit easier, some brokers started offering coin bundles. You can invest in a wide array of different digital assets and benefit from market growth like in the case of the S&P 500 or Nasdaq.

What Muderex competitors cannot replicate

At the time of writing, this company has been doing quite well in the US and Asian markets. The company is registered in the US but operates in India. It is an interesting international investment firm that has a unique geography and can deliver a great service to several different regions.

Below are some of the most important and impactful products in the catalog of the company:

• Investments in coins. The broker allows users to simply purchase coins and hold them for long-term appreciation. The potential and current market conditions are analyzed with advanced technical analysis tools and proven indicators like the crypto fear and greed index. Investors are encouraged to do their own research before buying and holding. You can purchase a variety of tokens including BTC, ETH, USDT, XRP, SOL, and many others.
• Coin sets. As mentioned previously, these act like stock exchange indexes and allow users to invest in certain areas of the crypto industry instead of trying to find suitable digital assets for capital allocation. Some examples of sets include the BTC/ETH (50:50) set and the crypto blue chip. You can also invest in the Mid Cap set focused on coins like XRP, SOL, DOT, and others. The AI tracker is a recent addition to the product lineup.
• The derivatives market is available to all clients who are interested in margin trading. The 100X leverage is quite dangerous for newcomers but will be more than appreciated by experienced retail traders who are not afraid to increase the risk for the chance of making a huge bank. You can trade over 350 different pairs and access a rich selection of perpetuals based on the most popular alternative coins. Currently, the daily trading volume regularly exceeds $100 million.
• The Saber app is a great tool for people interested in DeFi trading and staking. It is a cleverly designed platform that allows investors to track their investments easily while managing different stakes on layer 1 and layer 2 networks. As of the time of writing, the app has over $25 million under management, over 2 million registered users, and, allegedly, a massive 96% customer satisfaction score.
• The product is complex and delivers on multiple fronts. When it comes to finding good Mudrex replacement options, many investors quickly realize that the options are quite limited. Here is the moment where we have to address the reason why it is competing against some automation providers. The whole process here is fully automated allowing users to start investing in coin sets with just a couple of clicks.

While you cannot launch a grid bot crypto system like you would be able to when working with Cryptohopper, 3Commas, or WunderTrading, it is still possible to automate many investment operations and make them autonomous with the help of this particular provider. It is not “true” automation but it works in a similar fashion from the investor’s point of view. They get to sit back and relax watching numbers go up and down.

Why you need alternatives to Mudrex for crypto trading

The idea of a hands-off investment approach is appealing to many retail traders. However, it works only for those who are either not confident enough to make financial decisions on their own or those who actually need assistance due to the sheer volume of capital under management. All other people, who comprise the majority of crypto enthusiasts, won’t like the limitations imposed by the platform.

It is a rigid system where users are restricted in the ability to choose their “fate”. Relying on the cleverness and cunning of people who create coin sets or trying to DCA your way to financial freedom can work be sound approaches to investing. However, the former is a wonky proposition at best and the latter requires a lot of time to materialize. If you need to do something with your capital here and now, you have to resort to more proactive instruments.

The current landscape of the trading automation industry is incredibly complex and diverse offering a wide range of solutions for all types of investment activities. Whether you are interested in social components or want to trade across DEXes and CEXes, you will find a suitable option that will bring your investment game to the next level. You don’t need to look for crypto bots like Mudrex. You need something completely different and more agile to achieve consistency and optimize profitability.

First, let’s talk about the disadvantages of this particular platform:

• The investment strategy is reliant on the general performance of the crypto market. We are all hopeful enthusiasts believing in the bright future where Bitcoin is adopted everywhere and we can all retire thanks to our bags full of digital coins. However, the reality is often disappointing. The market is going up right now but it can change direction very easily. Diversifying investments and employing different techniques like shorting, futures trading, and allocating capital to different strategies and assets should be a no-brainer move.
• The fee structure is intentionally complicated. While it seems like an option for low-budget traders thanks to free depositing and zero-fee investing, you will be paying commission when trying to withdraw funds (up to 2% depending on the currency), investing in coins directly (0.25% initial fee and up to 1% for portfolio rebalancing), trading futures (0.1%) and trading foreign currency on the platform (0.5%). These commissions add up quickly. If you have a sizeable portfolio, you will quickly realize that paying for a service monthly is much cheaper.
• The broker does not conduct financial or security audits. You can blindly believe that it is a solid company that has a robust security infrastructure and implements the best practices to protect your data but there is a plethora of examples when such thinking did not lead to good outcomes. At the same time, the broker does not disclose its exact holdings or invite external auditors to verify their solvency. In many senses, this particular platform is far from being the most trustworthy.

If you do not like the idea of dealing with these issues, we strongly recommend switching to some of the best Mudrex alternatives as quickly as possible. While it can be hard to find good providers that offer the same hands-off investment experience, there are many options in the trading automation sector that will satisfy your requirements.

The biggest problem is the oversaturation of the market with hundreds of providers offering their services to crypto investors. Unfortunately, many people simply do not have the necessary experience to know how to separate the wheat from the chaff. We want to give you a couple of ideas on how to select a good provider and enjoy your hands-free investment journey through the world of cryptocurrencies.

Tips on how to pick top alternatives to Mudrex

While many providers seem very similar to each other, the devil is in the detail. Some companies are strongly focused on social features and want you to use their trust management, copy, or mirror trading products more. Others will offer the opportunity to trade on DEXes and CEXes without any issues. There are jacks of all trades that can deliver on all fronts without truly excelling at anything. Depending on your preferences and risk style, you will be better off choosing certain providers over others.

The diversity may confuse some newcomers without any prior experience. However, we are here to give you several pieces of advice on how to select a good vendor:

• Check the UI. It is hugely important for beginners to understand how the platform works intuitively. Over 60% of all people who say that they are hesitant to explore the world of crypto cite difficult onboarding as the main reason. It is true that learning how a platform works takes some time. However, having an informative and comprehensible GUI is very helpful.
• Educational materials. While staying on the topic of onboarding, we need to address the issue of insufficient education. New users must have a source of information about the inner workings of a platform and its features. For example, WunderTrading has detailed video guides, tutorials, educational articles, and more to help new users get a good grasp on how their systems work.
• Reputation. It is important to work with companies that deserve your trust and loyalty. We generally do not recommend making decisions based on user testimonials in this particular field since many reviewers simply do not fully understand platforms and the limits of their responsibilities. However, it is a good idea to go on social media platforms like Reddit, Discord, and Twitter to learn more about the companies and their products.
• Pricing is hugely important. Some services have subscriptions that cost over $200 per month. Such expenses quickly add up and start eating into your profits. You should be paying for what you are using and not a cent more. Choose companies that have flexible subscription models and moderate pricing that does not sway too far away from the industry’s average.
• Product variety. Contemporary retail traders have access to all sorts of tools including staples like DCA and grid robots or even advanced systems like AI-assisted statistical arbitrage. If you are in need of a good automated trading bot capable of producing profits consistently, you should be looking for a platform that offers a rich selection of instruments, ready-made strategies, analytical tools, and other useful features.

Before making any decision it is a good idea to contemplate all pros and cons. Compare Mudrex with other crypto bots and make a selection based on the differences and advantages. Use the tips above to determine which providers to check out among the first. Note that first-hand experience is extremely valuable so do not sleep on free trials and free subscription plans allowing you to explore a platform before purchasing a higher tier plan.

We also recommend using platforms that have helpful complimentary features like strategy testers (backtesting), portfolio trackers, analytics, smart terminals, and more. You will have a much better time if you have access to these simple yet incredibly effective instruments.

The best Mudrex competitors in 2024

The selection of great service providers in this section of the crypto ecosystem is rich enough to allow picky users to spend months searching for a good option. We want to help you navigate the ocean of information indistinguishable from advertising by giving you a list of providers that are trustworthy and reliable. You don’t have to limit yourself to this list. It works as a good starting point and allows you to dive into the world of automation in a good spot.

• TradeSanta is a good choice for many users who are interested in complexity and convenience. You will have access to over a thousand different investment strategies created by experienced professionals. If you don’t like the idea of utilizing tools that everyone around seems to be using, you can simply create a custom strategy. TradeSanta offers you access to a wide range of instruments and assets. It is integrated into the ecosystem quite well with 9 supported centralized exchanges to choose from. The lack of social components and shallow customization options may be a huge turn-off for some investors.
• 3Commas is an interesting provider that focuses primarily on user-generated content and trust management. The social marketplace is a good place to look for signal suppliers, unique analytical systems, ATS designs, and more. You can also simply follow other retail traders and copy their actions. It is a good choice for people without much experience in financial markets and the cryptocurrency ecosystem. 3Commas is a great platform that has good technology, caring customer support, and well-developed social features. However, pricing here is definitely on the more expensive side.
• GunBot can be the perfect solution for investors with capital spread across the DeFi and CeFi sectors. If you are into decentralized trading or want to explore both sides of the ecosystem, it is a good idea to work with platforms that allow you to effortlessly operate on all types of exchanges. GunBot is exactly that. It can connect to any DEX or CEX that has a functional private API. GunBot is customizable and has a wide range of presets allowing you to get started easily. It is not as user-friendly as other entries in the list but can be useful to newcomers thanks to its AI assistant which can understand natural language and write scripts based on descriptions of strategies received from users.
• HummingBot is an open-source system that is free. The project is backed financially by multiple centralized exchanges including Binance and Coinbase. After installing the client, you can connect it to a wide range of different centralized and decentralized exchanges. You can download a variety of strategies designed specifically for certain types of platforms. For instance, automatic market makers are great for DEXes. HummingBot is the cheapest solution. The biggest problem here is the incredibly difficult onboarding process. The app does not have a GUI. You have to use the command line to make it work. Learning how to operate it efficiently takes a while.
• WunderTrading is an excellent choice if you want to use one of the best crypto bots instead of Mudrex. This company offers a wide array of different tools allowing users to build unique strategies. It is integrated with 14 exchanges and TradingView. You can deploy your favorite technical analysis strategy to generate alerts that can be used as triggers for robots launched on WunderTrading. Staples like a DCA bot crypto system or arbitrage ATS are available at a moment’s notice. The social component is also great. The marketplace features hundreds of verified retail traders from all supported exchanges. Finally, the recently added AI-assisted robot is an exciting new product to experiment with. If you are interested in building your own systems and making sure that your portfolio performs under all market conditions, this particular provider is a great pick!

Comparing Mudrex vs other crypto bots is not fair. In the end, the Indian investment company is not a provider of automation services. Nevertheless, many reviewers and pundits are bundling it together with vendors like Pionex, Cryptohopper, 3Commas, and WunderTrading.

The most important takeaway here is that investment platforms are better for people who want to allocate capital without thinking too much about it while ATS vendors are good for proactive retail traders seeking new ways to optimize, stabilize, and improve their existing approaches to trading. You can and should try to combine different methods of capital allocation to achieve the best results in the long run!

• Fashion,
• Games,
• Travel,