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Botee.Trade Review: Should You Use This Trading Bot?

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Botee.Trade Review: Should You Use This Trading Bot?

Botee.Trade offers fully automated crypto trading bots for professionals with unlimited free backtests. Traders can test a bot and choose a plan according to their needs. These bots are customizable with a flexible interface (GUI) and a detailed analytics dashboard. It only supports Binance and Bitfinex cryptocurrency exchanges. This review will talk about the working, functions, and features of this bot.  

Botee.Trade

Botee.Trade overview

Botee.Trade was initially developed in 2017 and officially launched in 2018. According to their LinkedIn profile, Sergey Anosov is the co-founder and CEO based in St. Petersburg, Russia. There is not much information about the other team members or company profiles.

Botee.Trade quick summary  

Some of the critical aspects of Botee.Trade are listed below:

  • It allows users to perform free backtests and choose plans accordingly.
  • Unlimited paper trading is possible, where traders can test strategy on the current data.
  • The bot includes smart charts which are customizable with valuable information about the market. 
  • Different strategies can be combined to trade together. 
  • The bots are configurable with no limit. 

Is it easy to use?

To start trading with Botee.Trade, users must sign up onto the website by setting an email and a password. Then, traders need to choose a plan according to their financial needs and wait for approval from the developer, which usually takes about 24 hours. After confirmation, add API keys of the exchange to connect with the bot. Upload settings and run the system. 

Botee.Trade reputation

Botee.Trade cannot be termed highly reputable because there are little details about the developers. It has been providing services to traders since 2018, but still, no customer reviews on TrustPilot raise concerns about the authenticity of the bot and make it hard for traders to rely on it. 

What crypto exchanges are supported?

Botee.Trade currently supports only two cryptocurrency exchanges, as listed below:

  • Binance
  • Bitfinex

The vendor claims to support more platforms in the future. 

Price

Botee.Trade offers a free trial and three other monthly plans for $90/mo, $120/mo, $270/month. All the plans include backtests, paper trading, and live trading. Each subscription has a maximum deposit cap ranging from $10,000 to $300,000. Payments are only accepted in Bitcoin. 

Monthly subscription plans on the Botee.Trade website.

Security and privacy of Botee.Trade

Botee.Trade does not have withdrawal permission, and only API keys are used for connecting to your exchange. The bot only stores one quarter (in hashed form) of a two-part API key pair. The platform has a dedicated server and different hosting providers. 

What about the customer support? 

The customer service is not up to the mark, as they can only be contacted via phone or email. They do not provide live support for their users. The platform lacks client reviews on trusted third-party platforms like TrustPilot. 

Profitability of Botee.Trade

Profits from using Botee.Trade are not guaranteed. There are no backtesting or live records present on the platform from which we can analyze its profitability. Traders can use paper trading and test different strategies to see its functionality. 

Deposits, withdrawals, and fees

Botee.Trade does not charge extra fees on trades; it is included in the subscription plans. The minimum deposit requirement is unknown, but each pricing offer has a maximum deposit limit starting from $1000. 

Advantages of Botee.Trade

Advanced trading

Traders can use available tools such as TA indicators, Trailing stop losses & Trailing buys, Averaging (DCA), Arbitrage, Short, Leverage to create complex strategies.

Cloud-based 

The bot is cloud-based; no need to keep your system running.

Disadvantages of Botee.Trade

Vendor transparency

There is a lack of vendor transparency, and the company or developer team is unknown. 

Customer reviews

There are no user reviews from past traders on trusted third-party websites.

Exchanges supported

It only supports two exchanges, Binance and Bitfinex.

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