Zignaly Review

Zignaly

Zignaly claims to be the new way to invest in cryptocurrency. According to the vendor, it is a performance-based and delegated platform that can copy the trades from expert traders. Whether it is a reliable trading system or not can only be determined after analyzing all its different performance aspects.

Zignaly presentation

We don’t know where this company is located, and the vendor has not provided any contact details on the website. To get in touch with the team, you need to use the contact button on the website that lets you send an email.

Zignaly Overview

On the official website of Zignaly, the vendor outlines the main features of the system and explains in brief how it works. After this, they introduce the different team members and share some figures related to the platform’s performance. We also have an FAQ section where the answers to some common questions have been provided.

With Zignaly, you can automate the trading process using crypto signals. While the vendor provides recommended settings, you can alter them or use your own settings. For a monthly fee, you can copy the trades placed by others. You also have a profit-sharing model that lets you invest in the traders showing decent performance in the market. Here, you need to pay a certain percentage of your profits.

Zignaly lets you place trades using signals sourced from TradingView. You can trade in all digital currencies and accept multiple targets from signals. This platform uses trailing stop losses with its trades and has DCA-based rebuy strategy options.

Copy-trading with Zignaly follows a high watermark model. You have the option of starting with a small amount and there is no minimum deposit. For profit-sharing, you need to add funds to your Zignaly Exchange account that uses the Binance Broker Program. The vendor offers round-the-clock support for all users. In terms of features, Zignaly does not offer anything special. In fact, some of the more advanced features found in other platforms are missing here.

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The Idea Behind Zignaly

It looks like Zignaly does not have a specific motto or a goal it is working towards. Most of the reputable trading platforms, in order to stand out from their competitors, state the company motto and the idea behind the system. This makes traders feel more confident about investing because it tells them that the company is not there just to make money. Unfortunately, it seems like Zignaly is not one of those platforms.

The Core Team

The Zignaly team is headed by CEO and co-founder Bart R. Bordallo. Other co-founders include Abdul Rafay Gadit and David Rodriguez, and they occupy the CFO and CMO positions respectively. The developers employed by this company are Miguel Angel Garzon Maldonado, Luis Fernando Pardo, Christophe Wagner, and Muhammad Murad Malik. 

While the vendor has revealed the identities of the team members, they have not provided any other details about them, such as their credentials, work history, etc. There is no way we can verify whether these people have the required experience and knowledge to work on a system like this. 

Safety of Zignaly and the Network

Zignaly does not store your funds and you can find them on the exchange side. The Binance Broker program protects your money through the SAFU fund. It uses RSA encryption for storing the API keys in the database. This database exists in an isolated DMZ so it is not possible for anyone to access it. You can also enable the 2-factor authentication to add an extra layer of security.

Other Notes 

Zignaly’s profit sharing functionality lets you copy the trades of more than 80 professional traders. For portfolio diversification, you can allocate your funds to as many traders as you want without paying anything extra. You can use short positions and leverage to amplify your profits.

Client Testimonials

Zignaly Client Testimonials

There are several negative reviews regarding Zignaly on the Trustpilot website. Users have complained about profit-sharing services getting liquidated and slow order execution. One user has also complained about the inaccurate stop losses and exits. 

Is Zignaly a Legit Investment Service?

Our Verdict

Our Verdict
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Zignaly is not a platform you should use for trading in cryptocurrencies. This platform has limited functionalities since it is still in the beta testing stage. Users have complained about multiple bugs and slow order execution speed. According to reports, the support offered by this company is not up to the mark. Thus, you’d be much better off with an investment service that has a long track record and a stellar reputation.
Zignaly is not a platform you should use for trading in cryptocurrencies. This platform has limited functionalities since it is still in the beta testing stage. Users have complained about multiple bugs and slow order execution speed. According to reports, the support offered by this company is not up to the mark. Thus, you’d be much better off with an investment service that has a long track record and a stellar reputation.

Pros

  • Profit-sharing functionality
  • Cloud-based platform

Cons

  • Still in the beta testing stage
  • Slow execution speed
  • Lack of reputation
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