Mudrex is an automated crypto trading platform that enables crypto traders to choose from a range of different crypto trading strategies to invest in. They aim to help everyday people to invest in cryptocurrencies in a similar way that a hedge fund might do. It is designed to make the entire process as easy as possible regardless of your prior experience with cryptocurrencies. In this Mudrex Review, I will cover what it is, how it works and some of the key features to keep a look out for. Hopefully this will help you to learn more about the platform so you can make an informed decision as to whether it is something that you would find useful to integrate within your daily trading routine.
What is Mudrex?
Mudrex is a cryptocurrency company that specializes in automated cryptocurrency trading and investing. Professional traders can use the Mudrex platform to build unique trading algorithms using the Mudrex programming interface. Users can choose from portfolio bundles that are built using the top performing algorithms for different risk-reward profiles that are catered towards individual needs. An investor can simply opt for a suitable crypto portfolio based on their own risk-reward preferences. Mudrex will then automatically buy and sell various cryptocurrencies on behalf of user.
How does Mudrex work?
Automated trading platforms like Mudrex provide traders of all experience levels with a way to get in on the action without needing to spend years studying and practising how to trade. The Mudrex robots can take care of trading without any manual intervention required on behalf of the user.
Mudrex is relatively easy to use in comparison to some other automated crypto platforms, offers a variety of solutions at competitive fees, and has security measures in place to try and help add account protection.
You don’t need to transfer any funds to Mudrex as they have done a good job of integrating with a variety of popular crypto exchanges including Binance and Coinbase. All you need to do is connect you API keys.
If you don’t have the time, knowledge or skills to trade manually, then Mudrex could potentially offer a hands-free solution for you to consider. Just remember, results are not guaranteed and past performance if no indication of future results.
Mudrex Features
Now that we have explored what Mudrex does and how tit works, lets take a look at some of the key features that the software has to offer users.
Automated Investing
Perhaps the most attractive aspects of the Mudrex platform top many potential users is that it helps to simplify the crypto investing process by offering products that are already crafted by experienced traders that can help new traders to get started.
Strategy Builder
Using the advanced Mudrex trading strategy builder you can create complex trading strategies based on your own method of market analysis. The strategy builder also has a fast back-testing engine where you can test your trading strategies over historical data to see how they may have performed through various market conditions. This can be useful is you have some trading strategy ideas that you would like to quickly create and test, to see if they are worth exploring further. However, keep in mind that good results in a backtest does not mean good results in reality.
The Mudrex strategy builder includes:
- 200+ Indicators
- Drag & Drop Interface
- Backtesting Capabilities
- Reliable Execution
Risk Management
Whenever you are trading or investing online, it is of the utmost importance to always make sure that you have your risk under control and at a level that you feel happy with as everyone is different when it comes to risk appetite. Thankfully, Mudrex have a wide range of investment options with various risk to reward profiles that you can choose based on what you feel most comfortable with. All of the information regarding investments are available in real time.
Intuitive
One of the main reasons that many people might avoid trading or investing in cryptos besides the huge amount of risk due to factors such as volatility, is that they find it too complicated to understand. The Mudrex software is one of those that is geared towards making the whole process quick and easy for everyone, no matter if they have any cryptocurrency experience or not.
Anyone can choose to invest in cryptos as if they were buying something online using a credit or debit card, or by making a bank transfer. Just don’t forget the significant risks involved and research as much as possible before you even consider getting started with cryptos, forex, stocks or any other asset class.
Coin Sets
Coin Sets are theme-based bundles of cryptocurrencies that are actively managed by professionals. They can help users who are looking to diversify their investments across a particular theme and spread out their risk. Coin Sets can be used to invest in ideas that they believe in with an aim to try and improve wealth in the long run.
Mudrex Mints
Mudrex Mints are curated portfolios created by analysing billions of different combinations of crypto strategies, that are made by experienced traders. The portfolios are managed by the Mudrex team of in-house quants to help try and make sure that they are optimised for performance whilst considering risk.
Algos
The Algos are technical analysis based crypto bots which have been preconfigured to try and give consistent performance over the long term. They utilize and implement the data driven insights of traders which are more commonly used by institutional investors.
Interest Account
One of the stand-out features that separates Mudrex from some of the other crypto robot providers is the interest account where users can potentially earn up to 14% annual interest on their funds. There is no minimum balance required to get an interest account and no lock-in period. Users can make an instant deposit start earning interest daily. Withdrawals can be requested at any time.
Community
The Mudrex Discord community has thousands of likeminded investors who share knowledge, ask questions, and learn how investors worldwide are using Mudrex to try and reach their financial goals.
Mudrex App
The Mudrex mobile app is available for iOS and Android devices. You can download it for free from the relevant app stores. Via the Mudrex app, you can create and manage your crypto portfolio via a modern and intuitive user interface from anywhere in the world at any time, provided you have an internet connection.
Support
Mudrex provides rapid customer support 24/7. You can also attend weekly webinars, and schedule 1-on-1 calls with the customer service team to help you with any specific questions that you may have.
How to get started with Mudrex?
Mudrex has always provided an easy-to-use platform that makes it easy for everyone to invest in crypto. Here’s how you can start investing with Mudrex in a few simple steps:
- Create an Account: You can create your Mudrex account with your email or use email for one-click login
- Connect an Exchange Wallet/ Or Deposit Crypto in Mudrex Wallet: Users can connect their favourite exchange on Mudrex using API keys or simply use the Mudrex Wallet. When you connect your exchange account, Mudrex holds no withdrawal permissions and can only trade with your funds
- Add Payment Method: While they do not charge a monthly fee, users have to pay a nominal fee only when they invest. When you add a payment method and funds to your prepaid wallet, Mudrex deducts its fee from these funds
- Choose Where to Invest: Choose your preferred option at Mudrex, and allocate the desired funds
- Keep track: Once you allocate the funds and click confirm, Mudrex takes care of the rest
About Mudrex
Mudrex is a US-headquartered & Bangalore-based fintech start-up with a team of four co-founders from IIT Bombay and IIT Kanpur – Edul Patel (CEO), Prince Arora (VP, Engineering), Rohit Goyal (VP, DeFi), and Alankar Saxena (CTO).
They aim to give access to long term wealth creation opportunities for everyone, specifically through the crypto markets. Mudrex want to help traders invest in top crypto trading algorithms and custom crypto baskets that are designed by professional traders and investors, catering to different trading styles and financial goals.
Is Mudrex secure?
The developers built Mudrex with security at the forefront of their minds. Mudrex stores all of the important information using bank-level AES-256 encryption. All of the API traffic is secured and goes through SSL, using TLS 1.2 to try and help prevent third parties from intercepting any connection.
You can further increase security by enabling 2-factor authentication (2FA) on your account. Whilst it may be annoying needing to verify your account every time you login, it is an important security measure that can help to protect your account from third-party access.
How much does Mudrex cost?
Pricing for Mudrex depends on the amount you invest and how many Mudrex bots you want to use. Each Mudrex robot designer chooses a percentage fee depending on how much an investor invests. The premium plan has a minimum cost of $16 per month. This will give you access to all the features, exchanges, and settings.
There is a Mudrex free version that gives you access to strategies, exchanges, indicators, email and discord support, and up to 100 backtests for one week.
Mudrex Conclusion
Despite the Mudrex platform being easily accessible to beginner and experienced traders alike, I feel it is important to state that there are no guarantees on how good or bad the results from using their crypto robots will be.
Whilst it may be tempting to look at previous results and assume that the same performance will happen moving forward, this is simply not the case. Yes, it is easy to copy trading signals from a Mudrex robot, but there cannot be any guarantee at all on future results. You should therefore make sure you understand the risks involved and as always, never invest or trade more than you can afford to lose.
I would put this cryptocurrency robot up there with some other popular automated crypto trading platforms such as Quadency, Coinrule, Shrimpy, Zignaly, CryptoHero, Centobot, 3Commas, Trality, Bitsgap, Cornix, ProfitTrailer, HaasOnline, Gunbot, Cryptohopper, Trade Santa, Stoic and Pionex.
That being said, credit goes to Mudrex for being dedicated to making the cryptocurrency market available to everyone, with a range of automated trading solutions that can be customised according to your own preferences.
Mudrex
$16
Pros
- Automated crypto investing
- Choice of crypto robots
- Build your own crypto bots
- Backtest crypto trading bots
- Risk management
- Coin Sets
- Mudrex Mints
- Interest Account
- Community
- Mudrex App
Cons
- Limited crypto exchanges supported
- The user interface can be a little slow at times
- Quite complex to setup
- Not ideal for beginners
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
