Quadency Review: Bot for Crypto Trading Legit or Scam?

 
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Welcome to the Quadency bot review.

This Crypto bot is quite different from the ones we’re used to reviewing on this website. A good example is Livetrader.io which we felt was not good enough to recommend.

There’s so much info to ponder about when you visit quadency.com website. The question that one may ask is whether Quadency bot is legit or not.

Quadency is basically a Crypto trading bot that lets investors backtest and automate strategies which they can use to trade in their integrated exchanges.

Quadency review- Professional Crypto Trading Platform

The developer believes that their bot is providing traders with a smart way to trade and manage Crypto.

They’ve enabled integration of their Quadency platform with 11 exchanges.

These include Bitfinex, Gemini, OKEx, Kraken, Bittrex, KuCoin, Poloniex, Coinbase Pro and Codex.

There are many Crypto bots of this kind and so it’s important that we analyze this one carefully and make informed decisions before we can even purchase licenses.

Quadency Bot review

The team is operating from New York and their website claims that they are a group of Crypto traders, technology experts and UI designers who want to bring professional-grade trading tools to the Cryptocurrency space.

The team members have not been introduced in person because they’re probably thinking this isn’t very important.

Quandency is maintaining the following social media pages:

Twitter

Telegram (166 members)

The developer claims that this bot has helped investors achieve success by delivering advanced capabilities through a humanized user experience.

They list a number of benefits that this Crypto bot is supposed to offer.

With this bot, traders can turn insights into action because Quadency has a built-in feature that serves aggregated view of a user’s portfolio.

This information is updated in real time while profit and loss information is viewed in Bitcoin or in fiat currency.

The team has created a “high performance” backtesting engine for customizing or simulating pre-built strategies.

Users with knowledge of programming language can also code their own strategies using the built-in Python IDE feature.

In addition to this, the Quadency bot team have said that this app helps traders analyze the performance of their Crypto portfolio, asset allocation as well as distribution of assets in their various accounts.

The developer wants traders to know that with this bot, one can monitor Crypto assets in exchanges and also in offline wallets.

While trading, users can take advantage of in-built features such as click-to-fill from chart, cancel-all and trade visualization.

Advanced charting is provided by TradingView, plus there are over 100 technical indicators and drawing tools to tinker with.

All in all, the Quandency bot team are boasting of the following:

  • Crypto Portfolio analytics
  • Fast and intuitive platform that integrates 11 exchanges
  • Trading bots for pre-built strategies and custom strategies, plus backtesting environment
  • Advanced charting capabilities
  • News and research

The list of features provided by the Quandency bot is quite overwhelming.

It would be a good idea to take advantage of the platform’s 14 day free trial to gain a better perspective of the mechanics of this Crypto bot.

There are currently 3 packages to sign up for. Users can choose any of the 3 depending with their needs.

We’ll list down the 3 packages plus their features as well.

However, users can also sign up for an annual license which is cheaper than enrolling for the monthly plan.

[tabs][tab title=”Holder”]Free of charge

It’s for beginners or passive Crypto investors

  • Unlimited Exchange Accounts 
  • Unlimited Wallet Tracking 
  • Portfolio & Order Management 
  • Profit/Loss Reporting 
  • Performance Dashboard 

Multi-Exchange Trading

  • $10,000 monthly trading limit 
  • Customizable Trade Screen 
  • Save/Load Charts 

Automated Trading

  • 10 Backtests / Day 
  • 1 Live Bot 
  • 1 Active Smart Order

Support

Email

[/tab] [tab title=”Pro”]Costs $49 per month

Suitable for active traders and portfolio managers

  • Unlimited Exchange Accounts 
  • Unlimited Wallet Tracking 
  • Portfolio & Order Management 
  • Profit/Loss Reporting 
  • Performance Dashboard 

Multi-Exchange Trading

  • $100,000 monthly trading limit 
  • Customizable Trade Screen 
  • Save/Load Charts 

Automated Trading

  • 100 Backtests / Day 
  • 10 Live Bots 
  • 10 Active Smart Orders 

API & Market Data

  • Unified Crypto Trading APIs 

Support

  • Email + Live Chat Support

[/tab] [tab title=”Institutional”]Cost not disclosed

Suitable for fund managers and Quant traders

  • Unlimited Exchange Accounts 
  • Unlimited Wallet Tracking 
  • Portfolio & Order Management 
  • Profit/Loss Reporting 
  • Performance Dashboard 

Multi-Exchange Trading

  • Unlimited Trading 
  • Customizable Trade Screen 
  • Save/Load Charts 

Automated Trading

  • Unlimited Backtests 
  • Unlimited Bots + Code Your Own 
  • Unlimited Smart Orders 

API & Market Data

  • Unified Crypto Trading APIs 

Support

  • Priority Support + SLA

[/tab][/tabs]

An annual license costs $39 monthly and is billed for 12 months in advance.

Note: the 14 day free trial gives access to all the features of the bot. However, even after the 14 have elapsed, traders can still use the bot but with limited access to certain features.

Developers also ensure that every Quadency license comes with the following benefits:

  • Data privacy and security
  • Accurate and reliable global prices,
  • Advanced charting
  • Native currency news
  • Convenient bulk action (if you need to cancel all orders at once
  • Live market overview
  • Standard order types
  • Email support
  • Dark and light UI theme

Quadency Trading platform

The user interface is clean and easy to navigate.

Everything from the dashboard, portfolio, bots, research and news are conveniently placed on the menu area above the screen.

Also, open orders, trading history, trades and transfers can be viewed at the bottom of the chart. All of these features are placed within reach.

Quadency trading platform

It takes a few minutes to master everything

Trading results

We like to review trading results of every bot that we talk about on this blog.

However, this Quadency bot review is a little bit different. There are no trading results to talk about.

The developers don’t promise any income figures. They only tell us that the bot is used for automating trading strategies and making work easier.

This essentially means that if 2 traders use the same bot on the same Crypto exchanges, they will not get the same results.

Therefore, it’s very hard to publish results from one trader and presume that these results can be simulated on another trader’s account.

It seems the success of Quadency bot is highly dependent on the kind of trading strategy that a trader uses.

If the trading strategy isn’t good, then definitely results will be bad.

We’ve also seen that this platform lets traders code their own strategies.

So at the end of the day, it depends on what strategy you’re using.

Customer reviews of Quadency bot

Product feedback is a mix of positive with negative testimonials.

We were able to find reviews from a site called Product Hunt although the authenticity of these reviews is hard to verify.

So the bottom line is that everyone’s experience can be different with this bot. The 14 day free trial can be a good start if you’re interested in this bot.

Conclusion

We’re not sure whether or not to recommend Quadency bot.

Good thing however is that the developer has a 14 day free trial for those who want to test the bot to familiarize themselves with how it works.

And by the way, those of you who have used this bot should leave their reviews behind. We want to hear from you in the comment section of this post.

Thanks for reading the Quadency bot review.

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