Coinrule is an automated crypto trading platform that promises effective trading for newbie traders without any knowledge of coding. It provides necessary trading info that is on par with the hedge funds and professional traders. This platform helps you set custom automated trades that are accurate and profitable. It identifies the successful market indicators and helps in fund allocation while you still have control of the trading. The offices for this company are located in London, UK. A location address and email address are provided for contact.
As a crypto trading service, this platform offers a varied range of features which include:
- Availability of more than 10 top exchanges
- Military-grade encryption and security features
- Ability to set customized trades that exploit every opportunity
- The company spots the successful indicators that help in smart fund allocation
- Provides more than 150 rules for trading or create your own set of rules
As per the company info, you need not have any coding knowledge for using the platform. The automated system helps trigger actions in response to changes in the market and manages volatility to ensure high profits.
The idea behind Coinrule
This service was started to help traders gain an edge over the hedge funds and the automated bots with its smart assistance features. The key objective of the firm is to make crypto trading easier and profitable. As per the company, the rising crypto trading market did not have the right instruments to capitalize on the exploding value of cryptocurrencies and their trading potential. The firm aims to provide the necessary knowledge and training to help traders succeed in crypto trading.
The main team consists of experts in crypto trading and blockchain technology. Gabriel Musella is the CEO of the company with several years of work experience in many leading global organizations. Other team members include Oleg Giberstein, Zdenek Hofler, Femi Alayesanmi, Andrew Salvador, and a few more.
The About Us section of the website provides images of the team members and their job titles along with their LinkedIn and Twitter profile links. Besides the team members, the section also has info on the advisors and partners of the company.
Safety of Coinrule and the network
According to the info on the site, the company uses 256bit AES encryption for its API keys with dedicated private key encryption for every individual user. The private keys are stored in a separate data storage that is fully encrypted. Other security measures used include data encryption in transit and Cloudflare CDN for protection from DDoS attacks and other such issues. The security measures listed are average measures found in other similar platforms. We find the security insufficient and lacking in proper coverage of all the safety issues of users.
This platform offers four different pricing plans. The first plan is a free starter plan that comprises two live and two demo rules, 7 strategy templates, one connected exchange, and the ability to trade up to $3000 per month.
The paid plans include the Hobbyist, which costs $29.99/month and has a higher number of rules, strategies, and connected exchanges than the free plan. Additionally, it includes notifications via text and Telegram channel, access to the trader community, and advanced operators and indicators.
The Trader plan costs $59.99/month and has one-to-one training sessions and leverage strategies as additional features. With the Pro plan, you have to pay $499.99 per month and the additional features included here are fast execution of trades and a dedicated server. We find the charges are exorbitant and not worth it as the company does not offer reliable performance or proven strategies.
We found 42 reviews for this crypto platform on the Trustpilot site. While a majority of the feedback is positive, a few negative reviews are also present. Here are a few of the feedbacks:
From the above feedback, we can see that real trading does not provide the profits seen in the demo trades. Some of the reviews indicate poor customer service and programs.
Is Coinrule a legit investment service?
From our evaluation of the features, performance, pricing, and feedback, we find this is not a legit service you can rely on.
Our verdictOur verdict
- Knowledge base and training
- Free Plan
- No proven track record
- Mediocre security
- Expensive pricing plans