Trade-Mate

INTRODUCTION TO TRADE-MATE

Trade-Mate is an advanced trading platform for cryptocurrency trading on BitMEX, Binance, and Poloniex. The platform can be used by an investor who is looking for the best traders to follow, or you can profit as a trader or you can start monetizing your knowledge as a Pro Trader. The platform has features such as TradingView, Averaging, and Task Editing.

You can also use bots that react to market conditions with flashing speed and could help you to experience disciplined trading without the influence of emotion.

Trade-mate has an easy platform that even beginners can navigate comfortably. The website also has tutorial videos and a screencast section that contains educative videos to help the users become more acquainted with the platform and its features.

Trade-mate is not a Ponzi scheme but is designed for serious investors, who want to become big earners.

To start trading comfortably it is recommended to have at least $250 (for subscription and to load your Binance account available), although you can start with even less since there are many traders with a cheap entry fee to choose from.

Trade-mate has several professional full-time traders. You can check each trader’s trade statistics because everything is transparent so that anyone can see how much return on investment each trader is offering. You will also be able to see the success rates of each of the traders.

Trade-Mate became famous for its trading bots that bring investors a quicker, simpler way to take advantage of the countless opportunities available on the market. Trading bots make the process to get into the cryptocurrency trading sphere easier and helps traders in their quest to maximize their profits and minimize their losses, it helps to ensure maximum returns and can make an extraordinary portfolio for a trader.

HISTORY AND HEADQUARTERS OF TRADE-MATE

Trade-Mate was founded in 2018 as a provider of advanced functionality for trading on BitMEX, Binance, and Poloniex. The company is headquartered in Russia.

The Trade-Mate platform has been developed by the programmers from Skolkovo Innovation Center and is intended both for daily traders and for trade newcomers.

FEATURES OF TRADE-MATE AS TRADING PLATFORM

The Trade-Mate platform comprises several helpful features, among which are the following:

Smart Trade

This modern instrument allows traders to create take profit, and stop loss quickly and conveniently, directly on the Tradingview chart. This tool prevents the freezing of assets by limited deals and is a very convenient way to take control of any possible risks.

Copy Trading

Trade-mate offers an innovative copy trading system that makes it easy to follow signals from trusted analysts.

Tradingview

Trade-mate is fully integrated with the familiar Tradingview charts. By using these charts, a trader can perform different trading activities.

Averaging – Dollar-cost averaging

Averaging will help a trader to survive the unpredictable market. A person can always carry out averaging using the TradingView chart, and the average order price is calculated according to his orders.

Task Editing

Sometimes the market circumstances may change for the worse in a trading environment. If this scenario happens when you have already set a strategy for a certain currency pair, you can still change the active task and adjust the necessary actions for profit.

Dashboard Automation

The dashboard shows the current state and statistics of all your actions with the service. Through this handy tool, you can customize your unique dashboard and watch your trading statistics on your computer screen.

ADVANTAGES OF TRADE-MATE

Trade-Mate offers simple logic-based decisions, which are not clouded by any human judgment and emotions, with all decisions that need to be taken, based on an algorithm formulated for maximum profit. Advantages include the following:

• Smart Trade – this function allows you to set trailing take-profits and stop-losses at the same time
• AutoTrade — this function is used for copying trades of other traders and trading bots
• Panic sell button – which is used to quickly close all positions at a current market price
• A referral system (20% from the payment of your referrals) for 2 types of traders: traders and pro traders
• Integration with TradingView
• A detailed security policy

DISADVANTAGES OF TRADE-MATE

Some reviews mention negative issues like the following:

• Information on the cryptocurrency trade and platforms is still foreign to many beginner traders and hard to obtain
• Successful utilization of a bot requires a deep knowledge of the digital currency markets and an excellent supporting investment plan
• Social trading may tempt traders to be lazy. It is nice to think that all you must do to be successful is piggyback on a more successful trader, but for several reasons, it is a bad idea
• Customer support can be better
• You must register with the exchanges before you can use the platform
• The platform only supports crypto

PROS AND CONS OF TRADE-MATE SUMMARISED

COST AND FEES OF USING TRADE-MATE

A subscription to Trade-Mate is $20 per month but a 7-day trial is available. Service usage costs 39$/ month, including Smart Manual Trading and Automated Trading.

An initial start-up investment of about $250 is recommended. A 10% commission is charged for profitable deals. A trader receives his income once every 14 days, according to the results of his work, if he creates a loss he will have to “work it out” before receiving the next payments.

PAYMENT METHODS

At this stage, Trade-Mate accepts USD, BTC, ETH.

SAFETY AND REGULATION

The developers of Trade-Mate promise that it is safe and secure to use the bot since they do not hold traders’ funds; it is secured on the exchange side. The trade-mate platform carries out trading through 3 cryptocurrency exchanges: BitMEX, Binance, and Poloniex.

Trade-mate has properly invested in security and applies all the necessary measures to ensure that the users’ accounts and personal details are secured.

The API user keys are stored on secure servers and users are required to use two-factor authorization (2FA) through the phone or email to ensure the security of the account.

HOW TO USE TRADE-MATE AS A PLATFORM

To open a Trade-mate account, start the process from the homepage by using the link and supply the necessary personal information and email address. A confirmation link will be sent to you via mail, which you must confirm.

Create either a Bitmex or Binance account and link it to your Trade-mate and deposit at least $100 in that account by login into your account and transferring the required amount from your BTC wallet.

Next, deposit an amount depending on your selected trader in your Trade-mate account.  Then you can set up auto trading.

Click on the relevant panel to find traders and their stats, select the trader you prefer and subscribe to, then click on the auto-trade feature. Then enable AutoTrade.

CUSTOMER SUPPORT

Potential users need to be assured that the platform they use can offer the necessary support and help whenever they may need it. The ease with which such support teams can be contacted may play a significant role when choosing a platform.

The company provides a physical address and a list of the core team members with their contacts which you can contact to make an inquiry. The company also has a social forum – Medium, where it connects with its users.

For more information, users can join the Trade-mate groups on telegram: there is a Russian group and an English Group available.

EDUCATION AND TRAINING

Before starting to trade, potential Trade-Mate clients should arm themselves with all possible information and trading skills needed to be successful in the world of cryptocurrency trading. If Trade-Mate ’s website itself does not provide enough means, a trader should explore other information sources to obtain those skills and knowledge.

The website has tutorial videos and a screencast section that contains educative videos to help the users become more acquainted with the platform and its features.

RESEARCH

Potential traders always need to do as much as possible research about speculative trading before commencing to do it. Successful trading relies heavily on knowledge and understanding of the markets and the platform; therefore, research options form an integral part of its features when choosing the right company to trade with.

SUMMARY

Trade-Mate seems to be one of the great crypto trading platforms in the industry and focuses on those who want to earn a big passive income. Trade-mate’s subscription fee is also affordable for the average user and can prove to be worth it.

Users will find a mixture of real professional traders (not just bots) who will be trading for you automatically every time they trade on their accounts, and you can easily make more than 100% profit on your capital.

Trade-mate is a great, easy to set up, transparent and sustainable means of earning sizable passive income in BTC. Users should be aware though that Trade-mate is not a get-rich-quick scheme but a distinctive trading platform that offers advanced functionality for trading on cryptocurrency exchanges such as Poloniex, Binance, and BitMex.

Traders and investors can also use the platform to scrutinize the best traders to follow and gain profits by executing wise trades.

Those who are confident can start earning profits by becoming Pro trader who offers their strategies to be copied by others.

Trade-Mate offers traders distinctive features such as Task Editing, Averaging, and TradingView, and provision is made for the use of trading bots which expose traders to even more trading opportunities.

DISCLAIMER

Trade-Mate warns potential traders that Forex and Crypto trading always carries a prominent level of risk, therefore may not be suitable for all investors.

Trade-Mate products are complex instruments and come with a substantial risk of losing money rapidly due to leverage, thus not necessarily suitable for all types of investors.

Potential traders should consider whether they understand how these products work and whether they can afford to take the substantial risk of losing money.

FAQ

What is a crypto trading bot?

Cryptocurrency trading bots are software programs that can help you automate your trading strategy and take full advantage of the crypto exchange market.

Why are crypto trading bots useful?

Crypto trading bots remove fear and emotions from the trading calculation by allowing investors to execute trades based on a predesigned strategy. Bots enable a trader to run his trading plan 24/7 so if you are a part-time cryptocurrency trader or are unable to always stay on top of the market, a bot allows you to trade efficiently without having to dedicate lots of time to market analysis.

Are trading bots legal?

Cryptocurrency trading bots are fully legal but not all brokers allow bot trading. Algorithmic trading is legal, but many people have objections to how automated trading can impact the markets.

Are trading bots safe to use?

Trade-Mate takes security very seriously and it follows the strictest processes to assure a higher level of security by using encrypted data.

How to choose the best trading bot?

There are specific key functions to remember when choosing a cryptocurrency trading bot. You need to understand functions like reliability, security, profitability, transparency, and ease of use when researching bots, so it is important you understand exactly what each one means.

Do I need to deposit funds?

It is optional and usually depends on the service a trader wants to use.

Are there trading fees charged?

Trade-Mate offers a subscription from $ 0 per month.

What types of payment does Trade-Mate accept?

Currently, Trade-Mate accepts USD.

How much profit can a trader make?

As a platform Trade-Mate’s role is that of an intermediary, to make it easy to trade or invest for traders, but it cannot assure any profit. Profit depends on the trader’s choices and the market conditions.

Is a trading bot easy to use?

Yes, if you decide to go with Profit Sharing, which is the easiest way to invest, you only need to choose a trader to invest in and allocate the desired amount. And if you need help, support is available.