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Quadency Review: Should You Use This Trading Bot?

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Quadency Review: Should You Use This Trading Bot?

Quadency is a trading terminal that connects to major exchanges using API keys to enable users to place trades from a single interface. Its mission is to offer new and experienced traders alike with a good digital asset trading and management experience. According to the vendor, the bot is trusted by more than 100k users and is engaged by over 100 countries across the globe. 

Quadency overview

The five pricing tiers of Quadency

The software was deployed into the market in 2018 to help the average trader have easy access to sophisticated crypto trading solutions. The team standing behind the platform comprises 8 individuals with varied professional backgrounds. Rosh Singh and Manish Kataria are the founders and leaders of the company. Some of the other team members include Hassan Khan (CTO), Fateh Singh (CMO), and Bobby Nijjar (Engineering Manager). 

The Quadency team

Quadency quick summary

We have summarized some of the key features that are provided by the bot:

  • It allows users to access more than 1500 digital assets through multiple exchanges
  • Includes pre-configured popular strategies that you can customize and launch within minutes
  • Has boosted portfolio analytics to help monitor your funds from exchanges and view PnL reports
  • Several indicators are available, which traders can use to ride the momentum or catch the trend
  • Integrates a mobile app that can be downloaded on Google Play or App Store
  • There are 15 different automated strategies available for trading

Is it easy to use? 

Yes, it is. With a few clicks, nearly anyone can adopt and set up bots that can help them trade crypto coins using a predefined strategy. 

Quadency reputation

Quadency has a good reputation in the market so far. It has a 4.2 rating on Trustpilot, a sign that the services offered are up to standard and efficient. The platform has also partnered with the best companies in crypto, such as Binance, Zabo, FastPass, Messari, Kucoin, etc. The goal is to enhance your trading experience. 

Quadency’s page on Trustpilot.

What crypto exchanges are supported?

Quadency works with 13 main exchanges, namely Kucoin, Binance, Liquid, AAX, OKEx, Binance.US, Bitfinex, Bittrex, Coinbase Pro, Gemini, HitBTC, Kraken, and Poloniex. 

Price

The bot is 100% free for a limited time, after which the vendor will introduce new pricing plans. By subscribing to the service, you get access to 20 live bots, unlimited connected exchanges, 24/7 live support, and 200 backtests daily. 

The five pricing tiers of Quadency

Security and privacy of Quadency

The platform implements a number of security measures to safeguard your account from being accessed by unwanted parties. It achieves this through the use of encrypted API keys, passwords, 2FA, and Amazon Web Services to prevent DDoS attacks, among others. You can visit the official website to learn about the other security features Quadency offers. 

Are traders happy with $brand?

Quadency has a rating of 4.2 out of 5 on most independent third-party platforms, for example, TrustPilot or Hedge with Crypto.

Profitability of Quadency

Trading systems available on the platform do not guarantee you any profits. They are just tools that trade on your behalf, so their profitability is at the mercy of certain factors. These include your trading skills, market prices, settings used, strategies on board, trading volume, pairs used, etc.  

Deposits, withdrawals, and fees

You won’t be required to pay any fees for transacting on the platform. However, the exchanges you are using may charge you standard transaction fees to cover their operation costs. 

At the moment, users are allowed to deposit QUAD (the platform’s native token) into their individual accounts. Depositing with USDC will be possible in the near future. The bot will support other assets for deposits once the Quadency Exchange is launched. 

It is possible to withdraw coins from your account. However, the vendor advises against enabling withdrawal permissions from exchange APIs for security reasons. 

Advantages of Quadency

Free

You can join Quadency for free and start using its automated strategies for your trading.

Dashboard

The software centralizes all of your trading across various exchanges in one dashboard.

Security

Numerous security measures have been put in place to secure the platform and, subsequently, your funds. 

Trading assets

With Quadency, you have access to thousands of assets that you can use to generate income in the crypto market. 

Disadvantages of Quadency

Unknown profitability rate

Quadency doesn’t have a proven track record, so we don’t know what amount of profits its bots produce in the live market. 

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