TokenTact Review 2023: Is It A Safe Bot To Trade On?

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We are discussing the highlights to help you understand this powerful bot better. Since trading comes with risks, it is crucial to know the decisions made. Yes, TokenTact is regarded as one of the best trading bots in the industry. The platform also supports mirror trading and paper trading, both attractive features for beginners and anyone who may be inquisitive about bot trading in general. Our investigation reveals that this robot is genuine (it trades on your behalf), straightforward, and user-friendly. In addition, we can confirm that all of their partner brokers are well controlled.

Experienced traders know how important technical analysis can be to their success, which is why TokenTact has included so many technical analysis tools. Depending on which package you’re using you could have access to as many as 90 candlestick pattern recognitions and 30 unique indicators, plus customization tools to personalize your crypto bot. You’ll find momentum indicators, oscillators, moving average indicators, and much more.

While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors. Arbitrage is a method in which you purchase an asset in one market and then sell it on another Marketplace. You can make a profile because the price difference of the investment in these markets can vary.

Additionally, the Mizar STAR program offers up to a 95% discount on fees for trading bigger volumes or staking $MZR tokens. At Finestel, we’re dedicated to empowering financial market leaders with innovative solutions that streamline all their business processes and drive growth. Trading automation is usually applied in multiple layers and far more than just placing/canceling orders on an exchange account.

Its copy-trade system is another great aspect for professional traders to earn additional income and those (without much experience) that wish to follow and copy the most profitable users. Your TokenTact dashboard will give you access to their marketplace, this is a feature that a lot of trading platforms are including these days. The marketplace allows you obtain trading https://wolfstreetnft.com/tokentact-crypto-bot/ strategies for your bots – some of these are free and others are paid. This is great for beginners as it essentially allows you to “plug & play” your chosen strategy created by more experience traders and test it out on your account. TokenTact bot allows its users to set up their trading bots with pre-set templates, strategy packs, and signals from its marketplace.

If there’s anything we missed when using the platform, it would be tooltips explaining each feature in mode detail. While experienced users won’t have any problems discerning between various candlestick patterns and technical analysis indicators, new users might struggle a bit in this area. Keep in mind that TokenTact itself isn’t an exchange — it’s a trading terminal that provides access to a range of markets. This means that you’ll also be subject to the fees charged by the exchange your order is executed on as well as any monthly charges you incur through TokenTact.

Interested individuals also have the option to use the marketing resources offered by TokenTact to support their referrals. TokenTact was founded in 2017 by two Dutch brothers, Ruud Feltkamp who is a successful daytrader, and Pim Feltkamp, a brilliant engineer. There are three main pricing plans available; however, TokenTact also allows members to make use of a free trial for 7 days, known as the “Pioneer Plan”. TokenTact offers an easy-to-use Strategy Designer, Signal Provider Market Place, Social Trading Platform, Paper Trading Mode, Market-Making Bot, Exchange/Market Arbitrage Tool, etc. To begin, enter your desired username along with your email and set a password.

• While creating your own automated strategies is extremely powerful in its own right, there’s another valuable feature to TokenTact, particularly for those who are new to automated trading.
• The above features of TokenTact give it a broad appeal to a wider base of users.
• Crypto trading is relatively new to most traders and investors and that is why bots can be quite helpful for beginners.

The primary method of contacting support is by submitting a customer support ticket through the ticket portal. Unfortunately, TokenTact does not feature a live chat option for customer support. However, the TokenTact support team responds rapidly to support tickets to ensure problems are solved without delay. Besides, all these platforms have different unique selling propositions, making it hard to find out which one offers the best features for your personal preferences.

Are you looking to start trading the multi-billion dollar cryptocurrency arena, but have little to no experience? If so, it might be worth considering the merits of a cryptocurrency trading bot. They keep on charging subscriptions even after you Cancel them ( 2 months in a row for 2 subscriptions).