This is my second experiment dedicated to the Mudrex automated trading platform. During the first testing round, I have tried seven different Algos. Now, the time has come to check another service called Mints.
I have launched this second experiment three months ago with my own money. In this report, you will find out whether it is worth investing in Mudrex Mints or not.
What Are Mudrex Mints?
The idea behind Mudrex Mints is simple: this trading instrument should offer you a safe way to invest in crypto without any additional monitoring or control from your side. You simply invest money in one of the portfolio management strategies, you pay the monthly service commission and hope to get some nice returns.
There are three different strategies available for investors:
- Low Risk Mint
- Medium Risk Mint
- High Risk Mint
In this experiment, I will distribute my testing portfolio between all three Mints. In this way, you will see the performance of each of them and compare the strategies and results.
Low Risk Mint
The low-risk strategy option should provide you with a small profit with relatively low risk. According to Mudrex’s website, it should bring between 40% and 50% of annual returns.
Here you can see this strategy’s graph, which shows the performance compared to Bitcoin’s price. It looks like the strategy should bring more profit when Bitcoin grows. At the same time, it starts losing value when Bitcoin’s price moves downwards.
The monthly fee you will have to pay while using the Low Risk Mint strategy is 1% of the invested balance with a minimum of 5 USD per month.
Medium Risk Mint
This option promises between 70% and 90% returns and is expected to bring 1.5x more profits compared to Bitcoin.
The Medium Risk Mint strategy has the same commission structure, you pay 1% with a minimum 5 USD cap.
High Risk Mint
The High Risk Mint investment option promises more than 100% of annual revenue. It should have the same level of risk compared to holding Bitcoin, but, at the same time, the expected return here should be two times as high as the profit that holding BTC would bring to your portfolio.
The commission structure is similar to the previous two strategies.
The Setup Process of Mudrex Mints
The investment process is simple and requires just a few clicks to begin. You just need to choose the strategy, select the amount you want to invest, and confirm the investment. You need to have Tether (USDT) currency on your balance to start.
I have decided to invest 800 USDT into this Mudrex Mints experiment. The high and low risk mints got both 200 USDT, while the medium risk mint has received 400 USDT from me to trade with.
The Mudrex platform has immediately subtracted 2 USD for managing each of the Mints. For some reason, they deducted 2 USD extra, which was returned to my wallet after my request to the customer support agent. I have started this experiment in the middle of the month, so this is why only 2 USD were used instead of 5.
Keep in mind that you need to have an extra balance on your Mudrex wallet to pay the commission out. So, on top of my 800 USDT investment, I have also deposited some funds to cover the fees.
Now, all three Mints options are launched and started to make trades. I was planning to make my report after one month of running these strategies, but there were no significant results to show. The same thing happened after another month: there was no profit or significant loss to show. So right now, we will move three months to the future, where I show you the results I managed to get.
Mudrex Mints Results: Three Months Later
This is the summary of my balance after three months of trading with Mudrex Mints. As you can see, I have lost 84 USD, which is around 10% of the initial investment amount.
In addition to what was mentioned above, the Mudrex platform deducted 45 USD on top of it as a service fee. Together with the 6 USD paid in the beginning, the total service fee becomes 51 USD.
Here you have a summary of all three Mints that were working for the last three months. As you can see, all of them were not profitable.
Here is the actual graph of the Low Risk Mint performance. It does not correlate at all with the graph that Mudrex’s website was showing on the setup window. As you can see, Bitcoin’s rate was pretty volatile during this trading period, showing both ups and downs. But unfortunately, the investment strategy was not able to outperform Bitcoin’s value during the whole testing period.
The Low Risk Mint has shown a -7.64% loss during my experiment.
This is the actual graph for the Medium Risk Mint. The situation here is almost the same. The value of Bitcoin was always higher compared to the performance of this strategy.
The trading summary says that this particular investment strategy (Mint) has lost -10.43% of the invested value.
Here is the last High Risk Mint, which repeats the unsuccessful story of the previous two investments.
This Mint lost the biggest portion of my initial investment amount: -13.66%.
I have removed the allocation from all three mints. Fortunately, this process was easy, and the platform did not require any additional time to finalize the deals whatsoever. I was able to return the invested amount back to my Mudrex wallet in just a few clicks.
After receiving the money back to my balance, I have converted the USDT balance to Bitcoin and successfully withdrew the coins to my external wallet.
Are Mudex Mints Worth to Use?
I have lost 84 + 51 = 135 USD while testing these Mudrex investment strategies. It is hard to say what is the reason for such failure: was it a crypto market issue or is there something wrong with the service itself? Here you have my results. Now you can judge yourself whether it is worth trying these Mints strategies or not.
I have given enough time to the platform to show its potential, but unfortunately, there is no single reason to recommend Mudrex to anyone. It does not matter if Bitcoin is growing or falling, there were no profit spikes shown by any of the Mints at all.
Despite the loss, I have also paid the service fee on top of that, which does not add any points in favor of using the platform. This will be my final try with the Mudrex platform, but my experiments do not end here. Make sure to check my future reports dedicated to other crypto bot trading services.