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

With the sheer number of options available to contemporary retail traders working in the crypto ecosystem, it is hard for service providers to stand out. However, some manage to deliver an exceptional product and make it talk for them. Many Cornix competitors wished they had the same variety and flexibility in their catalogs. The platform is definitely a great choice for people interested in creating unique portfolios.

While the company is not focused on technological innovation like some of its peers, it is still a great destination for many retail traders. Yes, you won’t be able to run an advanced AI crypto bot or something like an autonomous statistical arbitrage strategy. However, it is possible to create excellent portfolios even without these useful features. Among “standard” automation providers in the crypto ecosystem, this particular vendor has one of the best products.

Let’s compare Cornix with other crypto bots

The biggest advantage of this particular vendor is its strong focus on delivering a complete product allowing users to build sophisticated portfolios and trade on multiple centralized exchanges without the need to switch tooling. If you are an active retail trader or represent an institution that wants to spread its capital across the crypto ecosystem while searching for a provider of solid automation instruments, it is a good idea to explore the product lineup on display here.

Throughout its existence, this provider has been improving its platform to create a good place for many investors interested in cryptocurrencies, derivatives, and staking. You will find a plethora of useful features that can elevate your investment game to the next level.

Below are some of the features that make this vendor stand out:

• A variety of customizable ATS setups. Whether you need something reliable like a DCA robot or want to focus on grid and arbitrage systems, this platform has it all. You can effortlessly switch from one type of ATS to another or run multiple instances simultaneously. It is a good choice for those who are just getting started with automation and want to experiment with different ready-made solutions before trying to create something unique.
• Signal and TradingView robots. These are quite useful if you have a trustworthy supplier. Many third-party signal vendors are directly partnered with Cornix. You will be pleasantly surprised by the amount of different suppliers that offer their services to the clients of the platform. If you have a good TradingView strategy that procures good alerts, they can be used as triggers for various ATS designs.
• Complex features for better risk management. All robots can be customized to adjust position sizes, timings, and profitability goals. You can easily set up delayed orders. The platform also offers advanced tools that are trending in the industry right now. For instance, all positions can be accompanied by trailing orders that dynamically change exit points according to the market situation changing in real time.
• Advanced analytics. The dashboard is great for people who are into graphs, tables, and numbers in general. You will find a functional portfolio tracking tool that provides a wide range of data points. The performance of each bot is also tracked closely thanks to the dedicated analytical section in the dashboard. Market data is always available in the market overview section where you can check out prices, volumes, and other useful metrics.
• Other small perks. The platform has many smaller features that significantly increase the quality of life. For instance, you can set up custom notifications for signals and also use anti-leak features to prevent other users from copying your alerts which can be easily integrated in a variety of strategies without any hassles. All of that makes for a great experience dramatically improving end results.

In many senses, similar tools to Cornix exist in the same realm yet often fail to deliver the same quality of user experience and convenience. It is much easier to work with a platform that offers all the familiar tools in a nice package. On the other hand, many other providers have products that are superior in some aspects.

Contemporary retail traders are looking for better ways to manage their investments and optimize profitability all the time. It means that even the best companies that seemingly have figured out how to stay on top of the industry have to be worried about the competition. In this particular sector, the number of competing services is through the roof.

Top alternatives to Cornix and their advantages

Despite having one of the most diverse and flexible product catalogs in the industry, this provider is still behind other vendors that have a narrower focus or deliver a little bit more for the same price. Let’s talk about some features that are either underbaked or do not exist on the titular platform of this article:

• Advanced social components. You can mirror trades and copy signals from other users. However, the extent of social features ends here. 3Commas is a much better vendor for copy trading and exploring user-generated content. You can also check out the marketplace on WunderTrading which features several hundred vetted retail traders from 14 supported centralized exchanges. Many companies offer much better social components.
• Improved ready-made solutions. TradeSanta is a good example of a provider that emphasizes the importance of presets and different robot configurations. It has over a thousand different strategies that can be deployed at a moment’s notice. If you are interested in using some of the best grid robots, go to Cryptohopper and explore their fully customizable presets assisted by artificial intelligence and moderated by industry-leading experts.
• Access to DEXes. While the hype around DeFi has been on a downtrend during the last three years, it is still a massive financial ecosystem that attracts millions of users. Many retail traders are trying to work in both DeFi and CeFi simultaneously. GunBot is a commercial product that makes it possible. You can also check out HummingBot which is an open-source project backed by several huge CEXes like Binance and Kraken.

Whether you want to run a more sophisticated DCA trading system or plan to integrate futuristic AI assistants into your trading routines, you can find suitable options in the crypto industry. We strongly believe that you can use the best crypto trading bots instead of Cornix and enjoy excellent user experience and convenience without compromising flexibility and variety.

We will discuss all of the aforementioned platforms later. These providers deserve a more detailed overview. Right now, we must talk about the current landscape of the crypto automation industry and the incredible diversity of choices available to its users. It seems impossible to pick a good provider with hundreds of different companies offering their services to the community of crypto enthusiasts. Nevertheless, the right choice is an informed one. Let’s discuss how you can pick a platform based on quantifiable metrics.

Searching for crypto bots similar to Cornix

This particular provider is not a unicorn. While its catalog of features looks amazing and delivers a satisfying user experience, you can find a similar product lineup in many places. If you need an alternative that covers all the bases and gives you tooling similar to what is available here, look for the following:

• A wide range of presets. DCA, grid, and arbitrage robots are offered by many providers including the likes of Cryptohopper and WunderTrading. Make sure to work with platforms that allow you to customize ATS setups and adjust parameters to your liking. Some companies have very rigid robots that are not particularly well-designed or work in all markets.
• Complex features. Trailing delayed orders that move along with the market and make it possible to secure better profits while avoiding risks can be incredibly useful. Another great tool is backtesting. It is offered by many industry-leading vendors. For example, you can test all sorts of robot parameters, strategy settings, and signals using the backtesting feature at WunderTrading.
• Useful analytical tools include smart terminals with advanced technical indicators, automatic signal integration, and more. You should be able to easily quantify the performance of your portfolio while identifying weaker positions and assessing the outcomes of top performers. Look for companies that offer informative dashboards with portfolio trackers baked into the UI.
• Multiple integrations within the crypto ecosystem. A good provider will give you an opportunity to connect with a wide range of popular centralized exchanges. For example, WunderTrading can be connected to 14 different CEXes including Binance, Kraken, and Coinbase. Pionex works with 9 CEXes. Cornix is integrated with 8 different platforms.

These are, in general, the most important features that are provided by the vendor in question and you should be looking for the same functionality if you are interested in using the best crypto trading bots instead of Cornix. Luckily, you can find a plethora of such providers that also offer something extra.

How to pick a good company

You need to follow certain criteria to identify good providers that are worthy of your attention and deliver an excellent experience all around. Finding a good provider is not an easy task even for experienced veterans who understand the industry and have used a variety of instruments from the automation category. Below are some tips that will help you find a good platform to work with.

• Good UX/UI is important. Many newcomers struggle to learn how to use various instruments effectively and do not do much with the variety of tools at their disposal limiting themselves to just a couple of easily deployable presets. The main problem is often the overly complex GUI and the overwhelming wave of new knowledge that must be acquired quickly. You should work with companies that have intuitive UIs and dashboards that do not intimidate you.
• Check out pricing. Overpaying for something that may not exceed the capabilities of the industry’s average is not a good idea. We strongly recommend working with companies that have flexible subscription plans, moderate prices, and free trials or free base accounts. Test the waters before jumping in headfirst. To get a better grasp on the range of prices, remember that 3Commas is one of the most expensive platforms with its $79 plan for a limited number of independent ATS instances.
• The flexibility of tools. You want to have access to products that are customizable and can be used in any portfolio without any issues. Having signal robots that can receive alerts from different suppliers and TradingView or relying on ATS designs that are based on sophisticated approaches like statistical arbitrage is great. Many companies also have powerful social components. For instance, you can go to WunderTrading and check out its marketplace featuring hundreds of vetted retail traders from all 14 supported exchanges.
• Comprehensive educational materials. Close to 60% of people say that they are hesitant to start trading cryptocurrencies due to the difficult onboarding process. Close to 70% of retail traders who do not use automation say that they do not understand how robots work. The learning curve is not as steep as in many other areas of the crypto ecosystem (i.e. switching to decentralized apps for staking, yield farming, or lending) but can be intimidating nonetheless. It is a good idea to work with companies that have in-depth articles, video tutorials, and long-form guides to help you get started quickly.
• Reputation and user reviews. While relying on user reviews in this particular field is not the best course of action because many reviewers on Trustpilot and similar platforms simply do not understand how automation providers work, you can still get a better grasp on the quality of the service by talking to the crypto community on social media. We also recommend working with companies that have been around for at least 5 years — enough time to create a strong product and secure a loyal customer base.

These criteria will help you find the best Cornix alternatives. Whether you are interested in running a contemporary grid trading ATS or plan to focus on copying others, you should never go to vendors that have outlandish prices, poor customer support, or very limited functionality.

The problem is that even after understanding which companies have the best chance of satisfying you as a user does not narrow down the list of platforms that you will have to test before making an informed choice. We decided to put together a list of interesting vendors that can work as starting points. We mentioned many of the brands earlier. Now, it is time to talk about them and highlight their strong suits.

The best Cornix competitors in 2024

Note that we do not endorse any of the brands below. If you want to achieve success while staying safe, you should be doing your own research. We only offer you several options that have proven track records and deliver a great product. We do not claim that these instruments will guarantee you profitability or will suit your particular risk style and portfolio better than some other options. With all of that out of the way, let’s talk about the best providers in the crypto automation domain.

• Cryptohopper is a well-established platform that has been around since 2018. It was founded by just three young, ambitious men. Throughout the years, the company grew to a massive operation. It offers a great selection of instruments including many popular presets like DCA and grid bots. These can be adjusted and even powered by artificial intelligence. Pricing here is quite affordable. It is one of the best choices for veterans and newcomers alike.
• 3Commas is a platform strongly focused on social features. If you are thinking about the best Cornix replacement options, this particular platform should be close to the top of the list. It offers the same range of features with an added layer of a social marketplace where you can buy signals, strategies, and add-ons. If you are interested in copy trading, the massive army of managers featured by the company will impress you. As mentioned previously, it is not the cheapest of options but the product variety may be enough to convince even the most frugal investors.
• TradeSanta is a good choice for people who want to simply find something that works well enough to spend as little time on management as possible. This vendor has over a thousand different strategies that you can deploy in a couple of minutes. While many other features and instruments are also quite strong, the variety of presets and ready-made solutions is what makes TradeSanta stand out. When paid annually subscriptions are way below the industry average. However, if you plan to pay monthly, it is even pricier than 3Commas. If you are looking for crypto bots like Cornix, it is a great platform to check out.
• GunBot offers a lot of flexibility to users who are interested in exploring decentralized and centralized trading. It can connect to CEXes and DEXes via personal private API gateways. GunBot is an incredibly useful tool for active traders who are dealing with dapps regularly while maintaining a substantial presence on various centralized exchanges. One of the interesting experiments conducted by the platform is the rollout of an AI assistant that can translate descriptions of strategies into workable code.
• HummingBot is another solution that can work with DEXes and CEXes. The best thing about it is that it is free and open-source. The project is financially backed by Binance, Coinbase, and several other centralized exchanges. The client supports direct connections to these exchanges. However, you can use it to trade on DEXes like Uniswap and Curve. The learning curve is quite steep and the GUI is far from user-friendly. Nevertheless, it is a good choice for investors on a tight budget. You won’t find something as versatile for free.
• WunderTrading is a great company that has been around for at least 8 years. It has one of the strongest technological bases. The platform delivers an excellent user experience thanks to its well-designed dashboard that provides all sorts of analytics. The product lineup features some of the best presets and serves as one of the greatest alternatives to Cornix for crypto trading. You will be able to access a diverse marketplace with hundreds of retail traders from all supported exchanges. The recent addition of the AI-assisted statistical arbitrage system was met warmly by the community. All in all, it’s a great selection for any investor.

Any of these providers can be used by newcomers and experienced users. These are products that lead the industry and showcase the impact of technological innovation on your investment outcomes and even the general feeling of the trading process. We strongly believe that you can work with any of the aforementioned vendors and achieve spectacular results.

Cornix VS other crypto bots

Note that comparing the provider in question to the army of competitors can be a task with misleading results. It is a trading bot that has many upsides and undeniable advantages. You don’t have to switch from it to a competitor that does not offer something on top of the functionality available here. Consider migrating only if you will have access to things like social features, better presets, and more integration options.

Alternative platforms that do not have that extra layer of flexibility should not be considered viable Cornix replacement options. We recommend vendors like Cryptohopper, 3Commas, GunBot, and WunderTrading if you are looking for companies that have expanded functionality.

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