CryptoHero allows traders to make algorithms even and helps those who do not have sufficient knowledge of coding. In addition, it offers various tools to backtest the bots, which can ensure their proper function. There are also pre-coded algorithms that a trader can use to their advantage.
CryptoHero has the following features to help traders with automation procedures:
- Technical Indicators. Various inbuilt technical indicators can help a trader exit or enter a position without manual analysis.
- Portfolio. It is possible to track your performance through multiple exchanges.
- Backtest. Traders can use advanced backtesting tools to understand the performance of the system under various market conditions, i.e., slippage and spreads.
- Paper Trading. It is possible to trade risk-free using the demo account.
- Multiple exchange integration. API keys can be connected across several platforms.
- Coding skills. As mentioned before, CryptoHero does not demand any coding skills from the trader. Visual interfaces are used to make bots.
- Blog. An online blog within the website covers all the useful topics on the crypto sector that every beginner or amateur trader should know.
The Idea Behind CryptoHero
The company presents their services in order to help automate the entire process of trading. Their aim is to sell easy interfaces and algorithms for traders who have little knowledge of markets and software production.
The company does not openly present the developer of the robot. In the price section of the website, it is mentioned that Novum Global Ventures Pvt Ltd is behind CryptoHero, which is based in Singapore. However, there is no further information on the names of the people behind the project and their trading/coding experiences. Lack of information does raise some concerns over the authenticity of CryptoHeros and its usefulness.
Safety of CryptoHero and the Network
The product is available under two different packages. The free model offers only a single active bot by the company with technical indicators and support for one exchange. The premium costs $13.99 a month and has 15 connected bots with support for three related exchanges.
A good trading knowledge will help you a lot to get started quickly and easily with CryptoHero. Beginners can find it hard to operate the platform and get maximum benefits.
Client testimonials are not available on verified reviews forums such as TrustPilot and Forex Peace Army. Instead, the company presents a few on its own website, which are basically handpicked to show off its product.
Is CryptoHero a Legit Investment Service?
The features can seem lucrative to any trader who does not have good experience in the industry. The company should explain the risks associated with their products so that traders may not lose their capital.
Our VerdictOur Verdict
- Free version available
- Complex for beginners
- It does not explain the risks associated with the use of algorithms
- Provides only a few pre-built algorithms