WunderTrading Review

Jun 16, 2022 09:11 PM ET
WunderTrading Review

WunderTrading allows traders to develop custom indicators on TradingView and then connect them to their exchanges. It acts as an intermediator in capturing the alerts from the charting platform and then converting them into real-time trades. According to the developers, their services have been featured on top websites such as Forbes and Coindoo. To understand more about the automated trading system, we will review its live records, strategies, and pricing. WunderTrading

What is a WunderTrading?

WunderTrading supports trading via Trading View signals. It allows investors to build a TradingView bot that can be easily automated using the platform. Trading view is a separate charting interface that allows the creation of automated algorithms. Traders can develop different strategies using the Pineview script and backtest them on the charting software to verify the performance. Later on, the alerts are executed on your exchange via WunderTrading.

How does WunderTrading work?

The platform works in the following steps:

  1. Register your account and connect your exchange using the API key

  2. Create a trading bot on Trading View 

  3. Link the platform with Trading View and start trading

Who is the founder of the WunderTrading?

The developers state that WunderBit is a fintech service that aims to help automated crypto trading. The team was established in Estonia and is looked over by several experts. 

The team of WunderTrading.

WunderTrading features

WunderTrading has the following features:

  • It supports buying a range of cryptocurrencies

  • A range of payment options

  • Fast account verification

  • The system allows automated copy trading

  • $350+ daily trading volume

Deposit requirements

The platform provides no information on the minimum deposit required to trade with the Pinescript bots. The lack of transparency is quite suspicious for a service with millions of dollars in trading volume daily.

WunderTrading fees

WunderTrading has a range of plans that differ based on the active bots, open positions, multiple TP, etc. 

The basic package will cost you $9.95, while the premium is priced at $44.95. The latter allows you to open 1000 positions at any given moment, while the former only supports 15 trades. 

Fee of WunderTrading.

Withdrawal process with WunderTrading

The platform is only keen to provide information on buying cryptocurrencies. There is no knowledge of cashing out.

How to start with the WunderTrading?

As mentioned, traders can sign up on Tradingview and develop their algorithm in Pinescript. Later, they need to connect it to WunderTrading, where the platform will carry out the trades on the exchange.

WunderTrading pricing

WunderTrading comes with fixed pricing plans, and there are no trading costs. Traders will only have to pay the relevant trading fee on their exchanges.

How beginner-friendly is the WunderTrading?

Professional traders with solid coding experience can use WunderTrading for maximum benefits. The platform is not suitable for the majority, i.e., beginners and amateur traders.

Is WunderTrading safe and legit?

The platform uses API keys to connect with your exchange. It does not mention if it has withdrawal rights, which makes the overall investment risky.

Customer service

Traders can reach customer service via email and telephone numbers. There is no live chat support available.

A total of 80 reviews are present on TrustPilot, which gives WunderTrading a total of 3.9 ratings. On Trustpilot, one trader comments that the swing trading does not work, and the support cannot answer any inquiries.

Customer review of WunderTrading. (TrustPilot).

Who is WunderTrading best for?

WunderTrading is best for professional traders with a solid crypto trading background. It is also vital to have some coding experience.

WunderTrading review: pros and cons

The benefits and flaws of WunderTrading are:

Pros

Cons

  • A free trial is available
  • Complex for beginners
  • Supports copy trading
  • Low commissions on the affiliate program
 
  • Limited features with the basic and free plans

WunderTrading summary

WunderTrading supports dollar cost averaging strategies, which can cause a high drawdown if the market trends with momentum. Most of the features are limited with the Premium plan. The developers are not transparent about their portfolio and do not provide us with information on the live stats.

Features - 7/10

Ease of use - 5/10

Pricing - 6/10

Reputation - 4/10

Customer support - 5/10


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