Thankfully, there are many opportunities that the emerging blockchain and crypto arena offers to traders. Professional traders are exploring this new sector. The market is also attracting those who have never traded assets in their lives before.
But no matter the skill level of these users, it remains clear, many flocks towards solutions which simplify their lives. Automated trading options are one key aspect.
Traders benefit from market changes even when they are not on their desk. Whether traders are chasing after other income sources or simply resting for the day, these automated bots allow them to benefit from fluctuations optimally.
One option is Margin.de, which has carved a niche for itself within the cryptocurrency community.
Time In Business
Margin.de is a cryptocurrency trading bot that was launched in 2014.
The platform provides its services through a downloadable application. From there, traders could set up different strategies to buy and sell cryptocurrency automatically according to certain events in the market.
This way, cryptocurrency traders could benefit from the automation of buying and selling of cryptocurrency, which saves them from missing out on profitable deals just because they weren’t available on their desks.
Margin,de provides users with a graphic user interface (GUI) that offers traders various options, including detailed charts as well as a drag and drop feature to edit strategy and set technical indicators with ease. But the application only works optimally with the following operating systems.
- Windows 10 x64
- macOS (OS X El Capitan and onward)
- Ubuntu 16.04 and Ubuntu 18.10
In Germany, Margin.de is currently known as a well-established platform in the trading sector. During its 5 years of operation, the tool has catered to a wide variety of cryptocurrency traders with different skill levels, and has earned substantial recognition along the way.
Talks in the BitcoinTalk forum sing praises of the tool, citing its beneficial features and great customer support.
The platform has earned the trust of various cryptocurrency traders. That is why, Margin.de remains as a talked about cryptocurrency trading bot with an active community of users behind it.
How Many Exchanges are Supported?
Margin.de offers support for a number of popular cryptocurrency exchanges. All crypto pairs are supported on these exchanges.
At the time of writing, the bot supports the following cryptocurrency exchanges.
- Coinbase Pro
Most recently, Margin.de joined hands with KuCoin to offer its services to the exchange’s customers free of cost. This means that if you have a KuCoin account, then you could make use of trading bot services without having to pay any fee to the platform.
What is the Fee for Using the Bot?
Instead of selling monthly subscription plans to its customers like many other trading bot platforms, Margin sells lifetime licenses to those who are interested in using its services.
Some accept payments in Bitcoin, but Margin accepts payments in fiat currency. These payments could be made via Visa, MasterCard, or PayPal.
One can see that service offers three lifetime subscription plans, which differ. They also offer B2B solutions.
Customers may try the Free Demo presented to them to get a grasp of Margin’s functionalities before they buy the lifetime license.
The following plans and their fees are directly quoted via Margin. It should be noted that the website is currently running a 25 percent off promotion, which might change at any moment.
The starter plan, with a discounted price $129, has very simple features. It provides up to $10,000 balance on 1 exchange. Technical indicators are visible and accessible.
The original cost is $179.
The Standard plan is the most popular plan, and one that comes with the most value for money if you tread the fine line between being a novice and a professional daytrader.
It comes at the discounted price of $259, with the trading limit being restricted to $100,000 balance per exchange.
This plan lifts the limitation on exchanges. You are able to use all exchanges supported by the platform. The access to unlimited bots and all technical indicators also remains intact.
The original pricing of this plan is $349.
This provides ultimate functionality by lifting all restrictions.
It comes at the discounted price of $2999. It has no balance limits, and supports many exchanges and technical aspects.
As an added feature, traders access up to 3 APIs per exchange while having them linked to a single trading platform account.
The original cost of this plan stands at $3999.
Ease of Use
The Margin.de platform is built as a conventional trading tool. As such, it is highly reminiscent of what a traditional automated software looks like.
Use a laptop or desktop to download the software, preferably on a virtual private server (VPS). This means that you need a certain level of computer prowess in order to run Margin to its optimal efficiency.
This also alludes to how professional traders could feel highly at ease with what Margin’s visuals represent, but novice users would have to take their time in order to be familiarized with the sophisticated systems. While the visuals are aesthetically pleasing, it might take new traders some time to understand the interface (for which tutorials and help videos are available).
With that being said, learning margin’s functions wouldn’t seem too difficult to those who want to make the most out of their automated trading. Since the program mainly follows conventional mechanisms, discovering its functions would simply lead novice traders to learn more about trading itself.
There are slight difficulties in terminologies and orders, the GUI is intuitive.
What Settings Does it Offer?
Margin.de offers a range of settings that include MACD, Bollinger bands, and VWAP. With that, conventional order types such as stop-loss are also supported.
The strategy setup in Margin is straightforward for those who understand the interface. With its unique offerings, users could use a host of settings, indicators and order types to make their own plans with the provided bots.
Through the visual trading interface, Margin.de also allows its users to view up to 25 markets simultaneously. The platform also provides detailed charts. To customers placing large orders (mainly B2B), the tool also offers a “Smart Order Router,” which could distribute the price of a large order over multiple exchanges for optimal efficiency.
Overall, Margin allows a plethora of tools that could prove to be very helpful, especially to those who learn to use the platform to its full potential.
Is It Secure?
While Margin is a desktop application and not available through a web-server, it is still very secure due to the standards that it applies to its mechanisms.
The application doesn’t require its users to allow withdrawals from their exchange APIs. The platform stores half of the trader’s API keys on its servers after getting them hashed/encrypted.
Use a virtual private server (VPS), Margin recommends it. Security is paramount.
Is Customer Support Worth It?
The customer support on Margin.de is claimed to be the crown jewel of the platform in terms of its value added services.
For those who use Margin, the platform has dedicated staff available in order to tend to their needs in an optimal fashion. This is in addition to the Help section and the tutorials that the service has made available on its website.
Margin provides direct customer support through its live chat option. Out of business hours, the request gets transferred to its contact system, where the customer service team promises to respond within a few hours.
Is Margin.de Trading Bot Profitable?
Despite offering a detailed interface in a sophisticated application, the software makes no promise of gain. This is not shocking, guaranteed returns are not possible in trading.
Traders may not be deceived in any form, since cryptocurrency trading returns fluctuating results – no matter how efficient it could be made on paper. That is why, while Margin’s users seem to be quite satisfied with it, the platform does not say how much profit they can actually make by working on it.
For those who want to see the service in action, going through the free demo would be a great way to decide whether or not Margin.de is the right fit for them.