Best algorithmic trading platforms in 2021

Algo bot trading is the new sensation sweeping the nation! With so many awesome algo trading platforms out there to choose from, it may be difficult to make your decision, especially with all the neat offerings they throw in.

We’ve taken the liberty of outlining the top algo trading platforms that possess features you need if you wish to profit with cryptocurrency. Check out our handpicked top 10 algo trading platforms for 2021.

UpBots

Platform description:
UpBots is the first all-in-one trading ecosystem built with state-of-the-art blockchain technology. The platform is newer and still in its beta phase, however, it has loads of features that are both live and planned.

The platform utilizes its UBXT token as the source payment for all on-platform services. It also allows trading algos to be submitted by developers and then rented out for traders to use. The developers earn a commission each time the trader profits with the algo. This is known as “performance fees” and creates a win-win mechanic, as UpBots users only need to pay a fee when they earn a profit.

In addition, Upbots provides DEX swaps for DeFi tokens, manual trading tools for FTX and Binance Spot, portfolio monitoring for BSC and ETH portfolios, and many more exciting things to come all right in their platform.

Pricing:
After each position closing, a custom calculated fee will be deducted from the user’s profit. It’s also possible additional subscriptions will come to the platform for certain services in the future. As of now, the platform predominantly operates on a “freemium” model.

Supported exchanges:
Currently, UpBots algo trading bots can only trade on the Binance and FTX exchanges. There are plans to incorporate more exchanges as development progresses.

The verdict:

The pros:
-Massive array of tools and options
-DEX swaps and DeFi options
-Social copy trading planned
-Algo developers can earn perf fees on their rented algos
-Users only need to pay fees when they profit
-Variety of algo bots to trade crypto pairs through rental service
-User reviews of algos to come
-Robust selection of manual trading tools
-Easy-to-use portfolio monitoring tools and data visualization

The cons:
-Still is in beta mode
-A lot of features are still in development
-Exchange support is very limited

HaasOnline

Platform description:
The HaasOnline platform consists of six trading bots (Accumulation, Scalper, Flash Crash, and Market Making bots). It has 50 technical indicators for users to develop their own strategies. The HaasOnline Trade server (HTS) needs to be downloaded to the user’s computer and is compatible with Windows, MacOS, and Linux.

Pricing:

There are three pricing plans available:

Beginner - 0.013 BTC / 418$

Simple - 0.025 BTC / 804$

Advanced - 0.039 BTC / 1254$

Each plan comes with its own selection of trading bots, insurances, safeties, indicators, exchanges, in-platform visual editor and additional core features.

Supported exchanges:
Binance, Binance Futures, Binance US, Bitfinex, Bitmex, Bitpanda Pro, Bitstamp, Bittrex, Cex.IO, Coinbase Pro, Deribit, Gemini, HitBTC, Huobi, Ionomy, Kraken, Kraken Futures, KuCoin, OKCoin, OKEX, OKEX Futures, Poloniex

The verdict:
The pros:

-A large variety of bots at the user’s disposal
-Unrestricted access to bots and tools for the Advanced tier
-Large array of supported exchanges
-Unlimited trades and no fees for all levels
-Support for Windows, Mac, and Linux
-HaasScript and build-in editor

The cons:

-Price is a bit more on the expensive side
-Having to install the software natively to your device is a bit of a pain
-No DeFi options

Coinigy

Platform description:
Coinigy is a wallet/portfolio monitoring platform and exchange. The platform is completely cloud-based. It offers 75 technical indicators along with SMS, email, and in-browser price alerts. Coinigy also provides access to real-time API and historical data.

Pricing:

Coinigy offers three pricing tiers:

Starter - Free

Pro Trader - $18.66/m

API Developer Pro - $99.99/m.

All accounts come with unlimited, no-added-fee trading, high-definition charting, and 24/7 automatic portfolio monitoring. Paid accounts (Pro and API Dev) include unlimited access to the Coinigy API, chart layouts, advanced order types, mobile app access, and unlimited session length.

Supported exchanges:
Binance, Binance Futures, Binance US, Bitfinex, BitFlyer, Bithumb, BitMEX, Bitstamp, Bittrex, Bleutrade, BTC Markets, CEX.IO, Coinbase Prime, Coinbase, Coincheck, Coinmate, Coinone, Deribit, Exmo, FTX International, FTX US, Gemini, HitBTC, Huobi Pro, Indodex, ItBit, Korbit, Kraken, Kucoin, LakeBTC, MercadoBitcoin, OKCoin Futures, OKEX, Paymium, Poloniex, The Rock, TradeOgre, Uniswap V2, Vaultoro, Yobit, ZB.com

The verdict:

The pros:
-A “free” plan to help get new users a taste of the platform
-No-added-fee trading and 24/7 automatic portfolio monitoring
-Price alerts for email, SMS, and browsers so you can always be notified when prices fluctuate
-Built-in exchange and wallet for easy transactions and storing of your crypto
-Cloud storage and access through web and mobile platforms

The cons:
-No automated trading bots
-Promotes itself as more of a “portfolio monitoring” tool
-Not much of a difference between the Pro and API Dev packs
-No DeFi options
-Requires users to conduct trades mostly manually

3Commas

Platform description:
3Commas is a crypto asset trading platform that is also completely cloud-based. It offers a smart trading terminal along with easy-to-use trading bots. Portfolio management tools and copy trading is available on the platform. Currently, 3Commas has over 33,000 active users.

Pricing:

3Commas offers a 3-day free trial of their pro plan for users curious about their platform. There are three paid plans available:

Starter - $14.50/m

Advanced - $24.50/m

Pro - $49.50/m

The starter pack includes their SmartTrade terminal (Spot, Margin, and Futures), concurrent take profit and stop loss, and short and long algorithms. The advanced pack takes it up a notch by throwing in a single pair of DCA bots and some view and copy bots. Their pro plan provides some more bots with multi/single pair DCA bots, a GRID bot, options bot, and bots for Bitmex, Binance Futures, ByBit, and FTX futures.

Supported exchanges:
Binance, Binance Futures, Binance Jersey, Binance US, Bitmex, BitFinex, Bitstamp, Bittrex, ByBit, Cex.io, Coinbase Pro, Exmo, FTX, Gate.io, HitBTC, Huobi Global, Kraken, KuCoin, OKEx, Poloniex, YoBiT.

The verdict:

The pros:
-Robust selection of algo trading bots
-Concurrent take profit and stop loss for busy traders
-Free trial to give you a good taste of the platform
-Social copy trading included
-Free mobile apps

The cons:
-Smaller amount of supported exchanges when compared to other options
-No manual trading options
-No DeFi options

Cryptohopper

Platform description:
Cryptohopper comes with copy trading, market-making and exchange/market arbitrage, and backtesting for traders to divulge into. Automated trading is offered for over 100+ cryptocurrencies on top exchanges.

Users can also subscribe to trading signals, join trading chats, and buy bot templates on the marketplace. Traders can also craft strategies using a drag-and-drop strategy designer, all without having to code.

Pricing:

There are three paid tiers to Cryptohopper:

Explorer - $19/m

Adventurer - $49/m

Hero - $99/m

Each package provides traders with a defined amount of positions, selected coins, triggers, and simulator bots. The adventurer package adds exchange arbitrage to the pack while Hero adds signals for all coins, market arbitrage, marketing making, and algorithm intelligence.

Supported exchanges:
Binance, Binance US, BitFinex, Bittrex, Bitvava, Coinbase Pro, HitBTC, Huobi, Kraken, KuCoin, OKEx, Poloniex

The verdict:

The pros:
-A free trial is available
-Ability to backtest your trades
-Large selection of cryptocurrency options available
-Easy-to-use tools that require no coding
-Social copy trading offered

The cons:
-A lower amount of provided exchanges
-No DeFi options
-Offers no manual trading
-Doesn’t allow algos from third parties

CryptoTrader

Platform description:
CryptoTrader is one of the more “older” algo trading platforms, having been around since 2013. The platform is also cloud-based and offers support for all major Bitcoin exchanges.

Users can purchase strategies through the “strategies marketplace” and also conduct backtesting before placing trades. Instant email alerts and SMS notifications are also available for price alerts.

Pricing:

CryptoTrader subscription plans come at five tiers, each providing their own unique set of offerings:

Basic - $8/m

Regular - $22.50/m

Pro - $42/m

VIP - $80 /m

Premium - $200/m

A free trial is provided only for the basic plan. Trading instrument access is limited for the basic, regular, and pro accounts while the VIP and Premium are unlimited. View the chart above for more details on what is provided in each pack.

Supported exchanges:
Binance, Bitfinex, Bitstamp, Bittrex, Coinbase, Huobi, Kraken, Poloniex

The verdict:

The pros:
-Trusted name having been around since 2013
-5 pack offerings providing customers with more pricing options
-Notifications for price alerts
-Back testing

The cons:
-The website in general looks dated
-Small selection of exchanges
-Trial is only for the basic pack, doesn’t provide trial participants with the ability to really get their hands dirty with the platform
-Some other platforms offer more trading bots for premium packs

Trality

Platform description:
Trality is still in beta as it is a newer platform. The team’s goal is to make using trading bots as easy as calling a cab or downloading an app to your phone.

Some advantages of the platform are in-browser backtests using their custom code editor, debugging capabilities in the browser, and automatic portfolio rebalancing.

Pricing:

There are four pricing levels available:

Pawn - Free

Knight - $13.71/m

Rook - $54.90/m

Queen - $82.35/m

The higher your pricing tier the more trading volume, live bots, virtual bots, and log retention you’ll receive.

Supported exchanges:
Binance, Kraken, Bitpanda, Coinbase Pro

The verdict:

The pros:
-A powerful code editor that allows for debugging and rebalancing
-Back testing enabled
-Lot’s of tools if you are familiar with coding algos
-Free account for those who wish to try before buying

The cons:
-The number of trading bots you receive as the pricing tiers increase doesn’t seem like that big of an increase
-Small number of exchanges
-No other platform offerings outside of algo trading bots

Gunbot

Platform description:
Gunbot is a “community made” crypto trading bot which launched back in December 2016. It has over 7000 members and provides 14 powerful precoded trading strategies. The platform is not cloud-based and needs to be installed natively to your computer.

The target audience of Gunbot is mostly beginner traders. A short video course known as the “Gunbot school” is included to help new users get started. It also comes equipped with backtesting and TradingView add-ons.

Pricing:

There are four pricing plans available at Gunbot, along with purchasable add-ons and plan upgrades. All plans are a one-time payment:

Starter - 0.01BTC / $307.06

Standard - 0.025BTC / $767.64

Pro - 0.0375BTC / $1151.47

Ultimate - 0.0625BTC / $1919.11

Included in each plan are support for a specific number of exchanges, trading pairs, strategies, and the video tutorials. The Ultimate plan also throws in the backtesting and TradingView add-ons.

Supported exchanges:
Gunbot offers over 100 supported exchanges with the main ones being:
Binance, Binance US, Bitmex, Bittrex, Bitfinex, Coinbase Pro, Kukoin, HitBTC, Cex.io, Poloniex, Kraken, Huobi.

Full list of Gunbot supported exchanges here.

The verdict:

The pros:
-Robust selection of exchanges to trade on
-Unlimited trading pairs offered in all plans
-Video tutorials to help new users get started
-Access to all strategies starting from the Standard plan
-No subscriptions, only one-time payments

The cons:
-Add-ons need to be paid for
-No cloud sync
-Paid options to upgrade plans
-Platform needs to be installed natively
-Mostly targeted towards beginners which leaves out intermediate and advanced traders

Wunderbit

Platform description:
Wunderbit Trading provides users with the ability to manage portfolios on multiple crypto exchanges all at the same time. Their platform comes equipped with multiple entries for bots, trailing stop loss, swing trade, and simultaneous take-profit.

All of their trading tools come with zero fees. Wunderbit also comes equipped with copy trading features.

Pricing:
Wunderbit has its own licenced crypto exchange allowing users to start trading with their own capital with zero commissions per trade. There is also a selection of free trading bots for Binance, Bybit, Deribit, and FTX.

Monthly subscriptions come in four different plans. Each plan can be paid for on a one, three, six, or twelve month basis.

Free - $0

Basic - $9.95/26.87/50.75/83.58

Pro - $24.95/52.40/127.25/209.58

Premium - $44.95/121.37/229.25/377.58

Each plan provides you with a number of open positions, active bots, exchange APIs, trading terminal, spot and futures trading, simultaneous take profit and stop loss, and many more features. The free plan provides a generous amount of options for those looking to try out the platform.

Supported exchanges:
Binance, Binance Futures, FTX, FTX.US, Bybit, Deribit, HitBTC, Bitpanda Pro, Kraken, OKEX, Kucoin and Bittrex.

Wunderbit also plans to add more exchanges in the near future with the likes of BitMEX, Gemini, and Huobi looking to be added.

The verdict:

The pros:
-Large user base of over 6300
-Zero fees when using trading tools
-Copy trading features
-Multiple account management
-Variety of pricing plans depending on number of months
-Create your own strategies using TradingView’s PineEditor
-Great additional features are tossed in as payment tiers increase

The cons:
-Only subscription based
-No DeFi options
-Currently has a limited number of available exchanges

eToro

Platform description:
eToro prides itself with being the world’s leading social trading platform. You can trade and invest in top stocks, ETFs, and cryptocurrencies.

Users can join the eToro platform and connect with other traders to discuss strategies and then use their patented CopyTrader technology to automatically copy their trading portfolio. The platform is regulated by the FCA and CySec and user funds are protected by industry-leading security protocols.

Pricing:
Joining eToro is free with no management fees at all. There are copy trade fees with a rate between 0.075% and 2.9% based on profit that is made by the copy trade.

Supported exchanges:
eToro has its own exchange with no support for any others.

The verdict:

The pros:
-A unique platform that specializes in copy trades
-Diverse selection of investment options which include stocks, ETFs, commodities and more
-No cost to sign up, users pay fees to the copy trader
-Social aspects to the platform allowing users to interact and talk to other traders

The cons:
-Limited to using only the eToro exchange
-Mainly only a copy trading platform
-Some users may want a more “crypto specialized” platform that doesn’t offer other trading options
-No automated trading bots
-Not many other trading tools to use other than those related to copy trading

So there’s our list for the top crypto trading platforms to check out this year. Which are you most excited to try out? Tell us in the comments!