Wundertrading Review: Crypto Bot Trading Platform

Introduction

With the ever-growing cryptocurrency market, platforms that allow users to buy, sell and trade digital assets are becoming increasingly popular. Wundertrading is one such platform that facilitates the exchange of cryptocurrencies for fiat currencies. This Wundertrading review will take an in-depth look at the features it offers users as well as the pros and cons of using this platform.

What is Wundertrading?

Wundertrading describes itself as a fintech company based out of Estonia that aims to facilitate the real-world use of cryptocurrencies through various products and solutions. Specifically, Wundertrading serves as an exchange service that allows users to purchase major cryptocurrencies like Bitcoin, Litecoin, Ethereum, XLM, BNB and XRP using fiat currencies like USD, EUR or RUB. Importantly though, Wundertrading does not function like a traditional cryptocurrency exchange where users can trade between different digital currencies. Rather, it solely offers a fiat on-ramp for users to buy cryptocurrencies.

In addition to cryptocurrency purchasing, Wundertrading also provides social trading platforms, Bitcoin payment processing services, and over-the-counter (OTC) trading desks. Overall, the company strives to make the usage of cryptocurrencies simpler, more stable, and secure through regulated and compliant products and services. Being a licensed financial institution, users can feel assured that their funds remain safe when using Wundertrading.

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How does Wundertrading work?

To get started on the Wundertrading platform, users first need to complete the identification process by signing up and verifying their profiles. Once verified, they can deposit funds using payment methods like credit/debit cards, bank wires and SEPAs. With money in their accounts, they are free to purchase any of the supported cryptocurrencies at the market rate.

According to Wundertrading, transactions are completed quite swiftly within 7-10 minutes under normal circumstances. This is a major advantage compared to other platforms that can take hours to complete purchases. After the cryptocurrency arrives in the user’s account, they are free to withdraw it out to personal wallets or sell them back to fiat if needed.

In addition to straightforward crypto purchases, Wundertrading also has additional functions for social trading and OTC trading desks that are available based on the subscription plan. More details on these advanced features are provided in later sections. Overall, the platform strives to make cryptocurrency trading and usage as simple and seamless as possible for users.

Features of Wundertrading

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Beyond just serving as a fiat on-ramp for crypto purchases, Wundertrading incorporates additional features geared towards social and algorithmic trading functions. Here are some of the key ones:

• Copy Trading – This allows users to follow successful traders by automatically copying their trades. This takes the guesswork out of trading for beginners. On Wundertrading, you can browse leaderboards of top performers sorted by various metrics like net profit and average monthly returns. Simply clicking “Copy Trader” will automatically duplicate all of their future trades onto your portfolio. Automation handles deal replication so you don’t miss out on gains. Risk is arguably lowered through prudent vetting of traders you opt to follow as well.
• Trading Bots – The platform provides tools to develop algorithmic trading bots using indicators and patterns. These can be programmed to trade automatically on behalf of users. Bots can automate all manner of complex technical, fundamental, and statistical methodologies for identifying signals and entries/exits. They run continuously without rest according to predetermined logic encoded in Pine scripts. While coding abilities are a must to architect bots from scratch, the platform offers a selection of pre-built bots addressing popular styles like moving average crossovers or breakout patterns that users can try out or tweak. For larger accounts, the bot store also peddles specialist strategies with track records performant enough to justify premium price tags. All in all, algorithmic tools on Wundertrading represent a gateway into cutting-edge quantitative trading techniques.

• Integration: On the subject of Wundertrading’s integration with external exchanges, direct market access through supported partners like Binance and Kraken is a major bonus. It streamlines workflow by centralizing otherwise siloed exchange accounts onto one unified dashboard. Practically, this means seamlessly hopping between indexes on partner platforms without leaving the comfort of Wundertrading’s interface. Traders can efficiently implement strategies spanning multiple venues. Additional benefits include bypassing individual sign ups/verifications and having all trading stats aggregated centrally for performance tracking over time on an “exchange-agnostic” level. Support for spot, as well as derivatives markets like futures, moreover provides flexibility of choice depending on your style.
• Security: When evaluating any cryptocurrency platform, security is rightfully a substantial concern area due to the high-risk nature of digital assets and past exchange hacks. On this front, Wundertrading implements some notable safeguards. As an omnibus non-custodial model avoiding direct asset holdings, account compromise wouldn’t result in lost funds – liability remains with partner custodians. Two-factor authentication via app or email codes is also enforced sitewide for login protection. Beyond these preventative layers, Wundertrading demonstrates ongoing commitment through regular third-party security audits and dedicated security pages laying out additional controls.

• OTC Trading Desk – For larger transactions that could impact market prices, Wundertrading has an over-the-counter trading desk allowing users to execute trades directly.
• Multi-Exchange Support – While users interface solely with Wundertrading, it supports linking accounts from top exchanges like Binance, FTX, Deribit etc to aggregate positions.
• Advanced Charting – TradingView powered charts are integrated with advanced technical analysis features and strategies that can be automated.
• Social Platform – Users can follow other traders, join communities, access educational resources, and more through the social features.
• APIs & Websocket – For more customized integrations, Wundertrading exposes APIs and websocket connections that can build on its existing features.
• Multi-Factor Authentication – Advanced account security is ensured through bank-grade protocols like two-factor authentication (2FA).

In summary, while purchase and usage remain user-friendly for all, Wundertrading brings valuable tools for sophisticated traders looking to take their skills up a notch through algorithmic strategies as well.

Pros and Cons

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As with any platform, Wundertrading has its own set of advantages and disadvantages. Here are some of the key pros and cons:

Pros:

• Intuitive and clean user interface optimized for usability
• Copy trading and social features take the guesswork out of strategy selection
• Algorithmic trading bots automate strategies across exchanges
• Advanced charting with TradingView integrated for technical analysis
• Bank-grade security protocols like 2FA protect user funds
• Compliant operations being a licensed financial institutions
• Multi-exchange support from a single platform

Cons:  

• Beginners may find algorithmic trading complex to set up bots
• Limited utility for experienced traders beyond buying crypto
• Transaction fees for purchases are higher than some competitors
• Customer support could be faster through live chat or phone
• The platform is not available as a dedicated mobile application
• Smaller user base than top-tier centralized cryptocurrency exchanges

Overall, while not every feature will benefit all users, Wundertrading’s regulated operations, fast transactions and social functions make it a smooth platform for purchasing cryptocurrencies and learning strategies through the copy trading feature. The automation tools also serve advanced traders well while keeping purchases simple.

Pricing and Plans

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To access all that Wundertrading has to offer, it requires a paid subscription to one of the following tiered plans:

• Free Plan – Allows basic spot trading with up to 5 open positions. 2 active bots and 1 connection.
• Basic – $9.95/month billed every 2 weeks. Boosts limits but retains crucial social features.
• Pro – $24.95/month billed every 2 weeks. Massively expands position & bot limits. Adds Swing trading.
• Premium – $44.95/month billed every 2 weeks. Unlimited features for professional traders.

Notably, the platform remains free for beginners to learn the ropes without stipulating minimum deposits. And all plans come with a trial period to test before committing. Fees differ based on payment periods (monthly vs annually) and may also come down based on volume. But in general, the pricing remains affordable for what it gives to traders at each level.

Conclusion

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To summarize, Wundertrading presents itself as an all-in-one social trading platform and regulated cryptocurrency exchange. It excels at facilitating easy-spot crypto purchases with fast transactions. The copy trading and algorithmic trading bots add immense value for learning and automation respectively. Combined with bank-level security through compliance, Wundertrading serves as a smooth and safe option for traders at all stages of their crypto journey.

No platform is perfect, and Wundertrading could improve in areas like mobile optimization and more exchange integrations. Yet for its feature-rich tooling, community functions, and affordable tiered plans, it stands as a compelling platform well deserving of consideration. This comprehensive Wundertrading review helps provide an informed perspective on what it has to offer users. Overall, it scores well for bringing powerful trading capabilities together under one regulated roof while keeping entry simple.

FAQ on Wundertrading

How to start following Traders and Bots

To start with copy trading you have to do the following:

1. Connect your exchange through API
2. Select your role as a Copy-trader in the copy-trading tab.
3. Go to the marketplace and select the trader to follow based on your preferences.
4. Pay the invoice and start copy-trading.

How to use WunderTrading?

To create a copy trading bot, you will need to use TradingView. This tool allows you to create your strategies, backtest them and easily apply them to any cryptocurrency pair and timeframe. After that you can create alerts each time your strategy suggests to buy or sell. When you receive the alert we will convert this into the execution command and will send it directly to the exchange of your choice to enter or exit the trade.