Automated trading robots make it possible to trade crypto, stocks, forex, and more, all without putting in endless hours of analysis on your own. These platforms are designed to recognize potentially profitable setups in the market and then execute trades automatically on your behalf.

Trading robots aren’t completely effort-free, but they can make it much easier for beginner traders to profit from the market. In this guide, we’ll review the 10 best trading robots in 2022 and explain how you can start using a trading bot today.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Best Trading Bots Reviewed

Want to know which automated trading robot is right for you? We’ve put together reviews of the 10 best trading robots so you can see what makes these bots stand out.

1. Bitcoin Prime – Overall Best Trading Robot in 2022

Bitcoin Prime is the overall best trading bot available today. Bitcoin Prime is able to automatically trade more than 75 different CFD pairs for Bitcoin. That includes pairings with most major currencies and a wide variety of popular cryptocurrencies. The net result is that Bitcoin Prime is able to find trading opportunities in virtually all market conditions.

Bitcoin Prime claims an impressive 90% win rate, although we have not been able to confirm this. The platform uses a deep learning algorithm to spot setups and even keeps track of crypto news to stay one step ahead of price movements.

Bitcoin Prime requires a $250 minimum deposit but doesn’t charge account fees. The platform takes a 2% commission on profits, so you only pay to use Bitcoin Prime when you’re making money.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

2. Oil Profit – 24/7 Automated Bitcoin Trading

Despite its name, Oil Profit isn’t a commodities trading robot. Rather, this platform is designed to automatically buy Bitcoin and sell it on your behalf. Oil Profit is driven by a sophisticated AI algorithm that the platform claims can win up to 90% of the crypto trades that it opens.

What’s great about Oil Profit is that it’s completely free to use. There are no account fees and no commissions on your profits. The platform requires a $250 minimum deposit to get started, but you can withdraw for free at any time.

You can access Oil Profit from a web platform, a mobile app, or MetaTrader 4. The MetaTrader 4 application is especially appealing because it allows experienced traders to monitor signals in real time and jump into manual trading when desired.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

3. Bitcoin Era – Top Bitcoin Robot for New Crypto Traders

If you’re new to the world of crypto trading, Bitcoin Era is one of the best crypto trading bots to jump in. With this Bitcoin robot, you can trade a dozen popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, Cardano, EOS, Ripple, and more. You don’t need any trading experience to use Bitcoin Era.

Since this platform trades such a wide range of cryptocurrencies, it is able to trade 24/7 under most market conditions. Bitcoin Era’s algorithm relies on a strategy of high-frequency trading, turning small price movements into gains that add up in your account over time. According to Bitcoin Era, the platform has an 85% win rate.

Bitcoin Era is available via a web platform as well as through mobile apps for iOS and Android. The platform is free to use and doesn’t charge commissions. You must make a $250 minimum deposit in order to start using Bitcoin Era.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

4. Quantum AI – Powerful Crypto Robot with Claimed 90% Win Rate

Quantum AI is a powerful crypto robot that can trade Bitcoin, Ethereum, and Bitcoin Cash on your behalf. The robot uses artificial intelligence to spot trading setups in these markets, and it says its algorithm is highly effective. According to Quantum AI, the platform wins up to 90% of its trades, although we could not verify this claim.

Quantum AI is almost free to use. The platform doesn’t charge account fees and deposits and withdrawals are free. You just pay a commission of 0.01% on your trading profits, making this one of the lowest-cost AI trading bots available.

Quantum AI is available only via a web platform. You must make a minimum deposit of $250 in order to start trading.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

5. eKrona – Automated Trading Based on the eKrona Currency

eKrona is a unique trading robot that relies on the eKrona cryptocurrency for trading. All deposits you make to the platform are first converted to eKrona. From there, you can trade crypto pairs like eKrona-Bitcoin and eKrona-Ethereum. In total, eKrona supports trading across 14 different cryptocurrencies.

The benefit to eKrona is that if the eKrona coin gains value, your trading account also gains value. The platform doesn’t charge fees for holding eKrona, but there is a 2% commission on profits from automated trading. Even though your account funds are held in crypto, you can request a free withdrawal at any time.

eKrona doesn’t offer information about its past performance or customer testimonials. However, it does have a demo mode so you can try out the platform for yourself. You must make a $250 minimum deposit to use eKrona.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

6. Bitcoin Profit – Ultra-fast Trade Execution across 50+ Markets

Bitcoin Profit is another top Bitcoin trading robot that lets you trade more than 14 popular cryptocurrencies. What’s great about this robot is that there are multiple crypto-fiat and crypto-crypto pairs for each coin, so you can trade more than 50 markets in total. That means more opportunities for the bot to find profitable setups and act on them on your behalf.

Bitcoin Profit uses artificial intelligence to identify crypto trading signals. The platform claims a win rate of 85% and doesn’t charge any account fees or commissions. In addition, withdrawals from Bitcoin Profit are free and paid out in less than 24 hours.

Bitcoin Profit is available online and can be integrated with MetaTrader 4, but the platform doesn’t offer mobile apps. There’s a demo account available so you can test out the robot and see if it matches your trading style.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

7. NFT Profit – Automatically Trade NFTs for a Profit

NFT Profit is a unique trading robot that focuses on flipping NFTs (non-fungible tokens) rather than trading individual cryptocurrencies. It’s one of the best trading robots for individuals who want to focus on a fast-growing market and don’t mind taking big risks.

NFT Profit doesn’t provide much information about how its algorithm decides which NFTs to buy and sell. However, it does say that it converts funds in your accounts to Ethereum so you can trade across most NFT marketplaces quickly. NFT Profit also claims an impressive 99.6% win rate, although we could not verify this.

NFT Profit doesn’t offer a demo mode or manual trading, unlike most other trading bots for crypto. You can monitor your account through a custom online platform.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

8. Bitcoin Revolution – Trade Crypto with 5,000:1 Leverage

Bitcoin Revolution is an aggressive trading robot that uses 5,000:1 leverage to maximize your potential profits. While that means this platform can earn potentially significant profits on even tiny price movements, it also means that you’re highly exposed if a trade goes against you. So, Bitcoin Revolution is one of the best trading robots for high risk, high reward traders.

The good news is that Bitcoin Revolution claims a win rate of 85%. We couldn’t verify this claim, but if true, it means that very few trades will go against you when using this trading robot. Overall, Bitcoin Revolution says that traders see a daily return on investment of 60%.

Bitcoin Revolution doesn’t charge account fees, but it does take a 2% commission on your profits. The platform is available via a web interface as well as through an Android mobile app (there is no iPhone app at this time).

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

9. Crypto Bank – BTC Robot with No Fees or Commissions

Crypto Bank is another powerful Bitcoin trading robot that’s worth checking out. This platform uses a combination of artificial intelligence and machine learning to continually adapt to crypto market conditions and help you maximize your profits. According to Crypto Bank, the platform wins an astounding 99% of all trades it opens. (We could not verify this claim.)

Crypto Bank currently supports trading across 5 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and the Basic Attention Token. All cryptocurrencies are traded as CFDs, enabling the trading robot to go long or short and to use leverage to increase your potential return from every trade.

This trading robot offers a demo account so you can test out the platform safely. Crypto Bank is free to use and doesn’t charge commissions on your profits.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

10. TeslaCoin – Invest in TeslaCoin while Trading Crypto

TeslaCoin is a crypto trading robot that converts all of the funds in your account into TeslaCoin cryptocurrency before trading. This means that in addition to earning profits from trading, you also have the potential to grow your account if the value of TeslaCoin goes up.

The TeslaCoin robot is capable of trading Bitcoin, Ethereum, Ripple, and Cardano. The platform uses an AI algorithm to track the market and identify profitable setups, but it doesn’t specify what fraction of trades it wins. TeslaCoin is able to trade 24/7 and offers a demo account so you can see how the platform is performing under current market conditions.

TeslaCoin is free to use and doesn’t charge commissions on your profits. You must make a deposit of at least $250 in order to open a new trading account.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

If you enjoyed these trading bot reviews you might also want to check out our Crypto Boom review and our Bitcoin Smarter review.

What are Trading Robots?

Trading robots are automated trading platforms that can execute trades on your behalf. Many of the best trading robots use artificial intelligence or sophisticated algorithms to identify potential trading opportunities and act on them.

Trading robots can work on a variety of different assets. There are trading bots for stocks, cryptocurrencies, forex, commodities, and more. Many trading bots actually trade CFDs (contracts for difference) since these allow the bots to go long or short and enable the use of leverage when trading.

How do Trading Bots Work?

Most trading bots work in a similar way. They use an algorithm to identify trading signals in the price movements of a stock, cryptocurrency, or other asset. Once a signal is identified, the bot will initiate a trade using the funds in your trading account.

After a trade is opened, the trading bot will continue to monitor it. Most trading robots include a price target and stop loss with every trade, putting automatic limits on when it’s time to exit. Other bots will actively evaluate price movements to determine when it’s time to exit a position. In either case, the robot will automatically close out the trade and return all of the funds – including any profits – to your account.

The best trading robots are able to operate 24/7, taking advantage of market dynamics during US, Asian, and European trading hours.

Types of Automated Trading Robots

Trading robots can be categorized by the types of assets they trade. Let’s take a closer look at some of the most popular types of trading bots:

Bitcoin and Crypto Trading Robots

Most of the best trading robots we reviewed are Bitcoin trading robots, also known as crypto trading robots. These robots focus on Bitcoin and other cryptocurrencies like Ethereum, Bitcoin Cash, Litecoin, and Ripple.

The crypto market is ideally suited to trading robots because it is so volatile and because it operates 24/7. So, crypto robots are able to find a large number of daily trading opportunities and never have to stop trading.

Forex Trading Robots

A forex trading robot operates a lot like a Bitcoin trading robot, except it trades fiat currency pairs instead of cryptocurrency pairs. Most forex trading bots are able to trade all major currency pairs as well as a wide range of minor pairs. Typically, forex robots use leverage to take advantage of relatively small movements in the prices of currencies.

Commodities Trading Robots

Commodities trading bots trade physical goods like oil, gold, silver, copper, wheat, and soy. Typically, commodities bots trade commodities CFDs so that you never have to take ownership of the underlying product.

Stock Trading Robots

Stock trading robots are designed to trade stocks. Depending on the stock trading bot, you may be able to trade all US stocks listed on the NYSE or NASDAQ, or only a subset of popular stocks that see above-average volatility. Stock trading bots occasionally trade shares directly, but most use CFDs so that they can take short positions and use leverage when trading.

How to Trade with a Trading Robot

Ready to make money on crypto with a trading bot? We’ll show you how to set up an account and begin trading with Bitcoin Prime, our overall top pick.

Step 1: Sign Up for Bitcoin Prime

Head to Bitcoin Prime’s website and find the registration box at the top of the page. Enter your name, email, and phone number, then click Register Now.

Step 2: Deposit Funds

Bitcoin Prime requires a minimum deposit of $250 to start trading. You can pay by credit card, debit card, bank transfer, or e-wallet.

Step 3: Demo Trading

Bitcoin Prime offers a free demo account, and it’s a good idea to start with that before jumping into live trading. You can familiarize yourself with the platform, check how Bitcoin Prime performs under current market conditions, and optimize the algorithm’s settings to match your trading preferences.

Step 4: Live Trading

When you’re ready, you can activate live trading using a toggle in your account dashboard. Bitcoin Prime will immediately begin making real crypto trades using the funds in your account.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

Are Trading Robots Profitable?

The best trading robots can be profitable, but it’s also important to remember that profits are not guaranteed. All trading carries risk, and trading robots are no exception.

That said, many trading robots claim impressive win rates. For example, Bitcoin Prime claims that its algorithm wins up to 90% of the trades that it initiates. We were not able to verify this claim, but if true, it would suggest that this robot is highly profitable.

The best way to determine if an AI trading bot is profitable under current market conditions is to try out the bot’s demo mode, if it has one. Keep in mind that past performance is not a guarantee of future results. Your capital is at risk when using a trading robot.

Potential Risks of Crypto Bots

The biggest risk when using a day trading bot is that you could lose money. While these robots claim to be profitable, there is no guarantee that you will make money or that the robot will be profitable under different market conditions than in the past. All money in your trading robot account is at risk.

How to Choose the Best Trading Bot

There are many things to consider when choosing the best trading robots. Here are some of the key factors to think about when deciding which bot is right for you.

Tradable Assets

What assets you can trade with a particular robot is the first thing to consider when choosing a bot. First, do you want to trade crypto, stocks, forex, or commodities?

If you’re trading crypto, some robots only trade Bitcoin, while others can trade dozens of different cryptocurrencies. Having more assets to trade can yield more trading opportunities, but bots that focus on a single market may be easier to manage.

Performance

Trading robots often pronounce their claimed success rates, making it easy to compare bots. However, this can be tricky since most of these win rates are not verified and it’s hard to know how robust a robot is to different market conditions. The best way to compare the performance of different trading bots is to actually test them out using demo accounts.

Commissions and Fees

Many of the best trading robots that we reviewed are free to use. For example, Oil Profit, Bitcoin Profit, and Crypto Bank all charge no account fees and no commissions on your profits. Other platforms, including Bitcoin Prime and Bitcoin Revolution, charge a 2% commission on your trading profits.

While not paying commissions is generally better than paying commissions, these fees are relatively low. Keep in mind that for commissions on profits, you only pay when you’re making money.

Demo Account

Most crypto trading robots offer demo accounts, and you should take advantage of them. Demo accounts let you test out a platform and learn how it works before risking money on live trades. You can also use a demo account to play around with a trading robot’s settings, so you can optimize the platform for different market conditions.

Minimum Deposit

All of the trading robots we reviewed require a minimum deposit of $250. Others may require a smaller or larger deposit. Keep in mind that you can withdraw your deposit at any time with no fees.

Costs of Crypto Robots

Crypto day trading robots typically don’t charge account fees, deposit fees, or withdrawal fees. Some are completely free to use, while others charge commissions on your profits. This pricing structure makes sense because you only pay to use the robot when it’s making money for you.

In addition to trading fees, most crypto robots require a minimum deposit. In the case of all the robots we reviewed, the required deposit is $250. This money is required to open a trading account on your behalf and is the money that is initially used to start growing your account. Most top trading robots offer free withdrawals if you decide the platform isn’t right for you.

Are Trading Bots Legit or Scams?

While there are many legit trading robots on the market today, there are also many scams. It’s important that you do your research into a trading robot to make sure it’s legit before signing up.

When considering whether a trading robot is legit, look for user testimonials, platform reviews, and any data you can find about a robot’s historical performance. You can also try out a bot’s demo account to see whether it performs as well as advertised.

Conclusion

The best trading robots make it easier than ever to jump into day trading. These platforms use sophisticated algorithms to seamlessly trade crypto, forex, stocks, and more, and many are free to use.

Ready to get started with the top trading robot in 2022? Head to Bitcoin Prime to trade Bitcoin today!

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

FAQs on the Best Trading Robots

What is a bot in trading?

What is the most profitable trading robot?

Do trading robots work?

Can you make money with trading bots?

What trading bot is best for forex?

What is the best crypto trading bot?