Botsfolio Review: Worth It or Not?

Botsfolio Review: Worth It or Not?

Botsfolio is a fully automatic trading bot that automatically deploys strategies without needing any customization or configuration. The platform claims to provide a monthly profit of over 10% and employment of proper risk management techniques. It offers portfolio diversification by investing your capital in futures, hedging, and scalping strategies. Our review covers all the information you’ll need to decide whether or not this algorithm is efficient for short and long-term investments.

Botsfolio Review: Worth It or Not?

About Botsfolio

Botsfolio is packed with the following features:

  • It trades on autopilot 24 hours a day, seven days a week.
  • The dashboard lets you track your robot and its trading actions.
  • It comes with a risk management intelligence.
  • The website provides the past performance of the bots with an average monthly ROI of 7.95%.
  • The current monthy profit the devs promise is 10.95%.

How it works

Botsfolio monitors the market for favorable conditions 24/7 and functions independently. Traders do not have to design or configure their bots. It divides your net investment into a combination of long and short-term strategies based on your financial goals and risk tolerance. 

Strategy allocation at Botsfolio.

How to get started with Botsfolio?

Traders can start with the system in the following steps:

  1. Purchase a plan after creating a new account
  2. Answer a few questions, and it will automatically make a strategy for you
  3. Select the amount of money you wish to invest 
  4. Connect with your exchange via API keys
Decide investment goals.

Botsfolio pricing

Botsfolio offers the following packages based on the value of your portfolio. It only accepts cryptocurrency payments in Ethereum, Bitcoin, BTC Cash, and Litecoin (LTC).

PlansPortfolio ValueMonthly Price
Starter$1000-$3000$4.75/month
Basic$3000-$10,000$9.50/month
Advanced$10,000-$50,000$14.25/month
Premium$50,000-$100,000$19.00/month

Fees and commissions

Botsfolio charges a 15% performance fee and a yearly subscription cost for its cloud service.

Botsfolio fees.

What exchanges does Botsfolio integrate with? 

Botsfolio integrates with three cryptocurrency exchanges, such as:

  1. Binance
  2. Coinbase Pro
  3. OKEx
Compatible exchanges at Botsfolio.

Security and reliability

Botsfolio does not influence withdrawals, transfers, or deposits and solely trades from your exchange. It has risk management intelligence. However, its website lacks essential security safeguards, and the platform is not listed on any credible sites. The lack of these details demonstrates the platform’s incompetence and renders it untrustworthy.

What languages does Botsfolio support in their product?

Botsfolio support the following languages:

  1. English
  2. Japanese

What kind of support options does Botsfolio offer?

Botsfolio’s developers are unknown, as there is no information about them on the company’s official website. The platform’s legality and reliability are questioned due to the lack of vendor transparency and company backgrounds. It provides support via email and a Telegram group. 

Contact Botsfolio.

Strategy: hedge, scalp, and futures

Value investing, Hedge, Futures, and Fixed Income are the four strategies offered by Botsfolio. Because it works on autopilot and deploys the trading technique according to market conditions, i.e., you can’t design or develop a bot to your specifications.

Strategies of Botsfolio

Botsfolio review: backtesting

Botsfolio lacks backtesting, and the platform does not provide these results on its website. We cannot verify the performance based on historical data.

Trading performance

Botsolio claims to have an average 7.95% ROI per month and provides a monthly performance chart for ETH/USD pair. It shows various parameters such as long or short, entry/exit price, type of strategy, and bot. Most of the trades are profitable, but the outcomes are not verifiable.

Performance chart

Botsfolio: user experience

There are 28 customer reviews on TrustPilot with a rating of 4.0/5. A user says that the bot cuts excessive fees and extra money than the promised monthly charges.

Customer reviews on TrustPilot.

Should you use Botsfolio?

Botsfolio is missing key factors such as vendor openness, security, and functionalities, to name a few. Users should be aware of the risks and research the crypto market before investing in the site. 

Botsfolio review: positives and negatives

Botsfolio review: positives and negatives
3 5 0 1
Looking at all the factors of Botsfolio, we can say that it is unsuitable for professional traders as it does not allow users to configure their bots. Only three crypto exchanges are available, and the website lack vendor transparency or company background. There are no good security measures in place to secure user payments and accounts.
Looking at all the factors of Botsfolio, we can say that it is unsuitable for professional traders as it does not allow users to configure their bots. Only three crypto exchanges are available, and the website lack vendor transparency or company background. There are no good security measures in place to secure user payments and accounts.
3/5
Total Score
  • Features:
    3/5 Neutral
  • Reliability:
    3/5 Neutral
  • Fees and Commissions:
    2/5 Bad
  • Price:
    5/5 Amazing
  • Transparency:
    2/5 Bad
  • Ease of Use:
    5/5 Amazing

Positives

  • It is a beginner-friendly trading bot
  • The platform will automatically diversify your investments

Negatives

  • It has a lack of vendor transparency
  • No proper security measures to protect user funds and accounts
  • There is no support for backtesting and paper-trading
  • The website is basic, with minimal details about the features and working of the bot
Total
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