ProfitTrailer claims to be the top crypto automated trading system on the market. It lets you automatically trade digital assets on multiple exchanges on a 24/7 basis. To check the efficacy and reliability of the system, we are going to analyze the features, security, pricing plans, ease of usage, etc.
What is ProfitTrailer?
It is a crypto bot that lets you automate your trading operations. It takes care of repetitive tasks, so you don’t need to manually supervise your trading activities. You can also subscribe to signals and get advanced notifications.
The key features of the system are as follows:
Dollar Cost Averaging (DCA)
This bot supports DCA that can be used to dynamically buy additional amounts of a particular coin, as it decreases in value, in order to lower your average combined purchase price for the coin. This lets you reduce the impact of volatility on the overall purchase.
You can easily switch between the advanced and basic editors. This allows you to attain more control over the trading operations.
This section contains a list of lucrative trading opportunities. You can adjust them easily in the configuration section.
In the sales section, you get a clear overview of the trades. It is a great way to monitor your results.
This platform was launched on September 9th, 2017. The headquarters of this company is located in Curacao. There is no available information on the company founder and the vendor has not revealed the identities of the team members.
How does it work?
ProfitTrailer is compatible with different operating systems like Windows, MacOS, Linux, and Raspberry Pi. To run this system, you need a minimum internet speed of 5 Mbps and a minimum monthly data cap of 1TB. It connects to exchange accounts using API keys and lets you monitor and conduct your trading activities through its advanced GUI.
How to sign up with ProfitTrailer?
On the official website, you can browse the various pricing plans and choose one that suits your requirements. After installation is complete, you can launch the program in your browser and enter your license key and password. Next, you need to choose an exchange and create the API key. In case you have used the bot previously, you can select a public configuration.
Does ProfitTrailer offer a demo account?
This platform has an advanced paper trading feature. Therefore, you can test your trading strategies using virtual money to test whether they are worth deploying in the live market.
Profitability of ProfitTrailer
There is no guarantee that this platform generates profits. It mainly depends on the market conditions and the chosen strategy.
Payments, deposits, and withdrawals
ProfitTrailer does not have permission for withdrawals and deposits.
The exchanges supported by the platform include Poloniex, Bittrex, Binance US, Coinbase PRO, Binance DEX, Huobi, BitMEX, Binance, Binance Futures, Bybit, Bybit Futures, Kucoin, Kucoin Futures, FTX, and FTX Futures.
What about customer support?
If you require assistance, you can join the official Discord channel. There is no contact information for the support team.
Benefits of using ProfitTrailer
Here are the advantages of the system:
- Over 40 technical indicators
- Advanced trading statistics
- Signal subscription plan
Drawbacks of using ProfitTrailer
The drawbacks are as follows:
- Lack of advanced security features
There are three paid plans, namely Signals Edition, Basic, and Advanced. The first plan costs €30/month, while the Basic and Advanced plans cost €49/month and €69/month, respectively. If you wish to test the features, you can also sign up for the free plan.
What are security measures?
This system connects to exchanges using secure API keys, but it lacks advanced security features like multi-sig and 2-factor authentication.
Is ProfitTrailer legit?
Yes, this is a legitimate platform that has been reviewed by users on third-party websites.
Ease of use
This system is fairly easy to use and all of the functionalities have been explained in the wiki section.
Is ProfitTrailer a good choice for automated trades?
This platform has all the necessary features required for trading, but it is lacking in security features.
What are the risks of using ProfitTrailer?
There is very little information on the parent company and this platform doesn’t have 2-factor authentication.
Review verdict: highly configurable bot with security flaws
This platform supports a large number of exchanges and provides you with a full overview of your trading operations. However, since it lacks advanced security features, it can be considered less safe than some of the other systems out there.