Zignaly is a social crypto investment platform that is built for the new era of online trading. They offer crypto copy trading signals, custom crypto robots and PAMM profit-sharing services to traders and investors all over the globe. Avoid monthly subscriptions and pay only a portion of the profit as success fee. There are many social trading platforms these days where you can follow, study and copy the trades of your fellow traders. In this Zignaly Review, we will take a closer look at what exactly it is they do and how it differs from the overwhelming amount of alternative social investing platforms out there.
What is Zignaly?
Zignaly is an innovative and unique automated trading platform that is primarily focused on crypto trading robots and crypto trading signals. It is a cloud-based platform which provides a variety of automated trading services and levels of automation that are geared towards users of different experience levels.
The Zignaly social investment platform allows users to share in potential profits from professional crypto traders using copy-trade strategies, or through actively managed investment services run by professional traders at a fraction of the cost of similar products in the traditional finance landscape. You can also develop, test and deploy crypto robots according to your own customised automated trading strategy.
Zignaly has a strong use case in a world where traders are become more reliant on trading signals. They have created an environment where trading platforms, users and professional traders can share ideas and benefit everyone within the ecosystem. They are effectively lowering the barrier of entry to cryptocurrency trading by providing simple yet powerful automated crypto trading software. This is evident by the 350,000+ subscribers that are already making use of the Zignaly service.
Zignaly strives to open up crypto investing to everyone, regardless of their level of expertise or technical know-how. The founding team includes seasoned entrepreneurs with experience spanning FinTech, Marketing, Big Data, Online Advertising, and more.
How does Zignaly work?
The Zignaly crypto trading bot enables users to use their own trading strategy and signals, or choose from the free and paid providers already on the platform to trade automatically. Users can accept the provided trading signals as they are, use the bot on automated mode or set their own entry and exit rules for positions.
All you have to do to use Zignaly is to connect it with the signal providers of your choice and let it trade automatically, so you can possibly take advantage of market movements without actually needing to conduct in-depth market analysis yourself or stare at charts all day.
You can choose traders to follow from the Zignaly marketplace. In order to participate and being listed in the marketplace, the traders must be using their own money, which can be a way to help try and assure that they have been using a good risk management.
A trader can be followed by multiple users whereas users can follow multiple traders. This makes it a win-win situation for everyone. The trader can earn from providing successful trading signals whereas the user can try to take advantage of numerous trading signals without actually needing to trade for themselves.
The more advanced traders can use the Zignaly platform to build their own trading robots without needing to use over complex programming languages. If you have a manual strategy that you would like to automated or just want to try out some ideas, this can be a great way to get started.
Zignaly Features
Hopefully by now you have an idea of what Zignaly is and how it works, now we will be taking a look at some of the key features of this software.
- Choose from verified crypto robots and traders
- User funds are secured at the exchange level
- Only pay from a share of any profits
- No monthly ongoing fees or costs
- No minimum investment amount required
- Maintain full control over the assets within your portfolio
- Change your portfolio at any time you like
- Withdraw whenever you want and only pay exchange fees
- Diversify by choosing from several traders at the same time
- All services included within the Zignaly marketplace are reviewed
- Dedicated customer support team on hand to assist. They have support reps that speak English, Spanish, French, Vietnamese and Russian.
Zignaly Platform
The Zignaly trading platform features a powerful trading terminal that is accessible 24/7 which you can use to set full trading strategies with concurrent orders on the same exchange balance. This includes stop-loss, take-profit, trailing stop and more. Each feature has integrated explanations so all users can better understand its capabilities.
The Zignaly platform is available for free download to desktop devices or it be run directly within most major web browsers without needing to download or install any additional software. You can manage all of your crypto exchange accounts and set your personal preferences from the terminals modern and intuitive user interface.
The Zignaly platform allows users to view the full range of trading strategies with concurrent orders using the same exchange balance. The platform accepts all coin pairs from the integrated signal providers allowing users to maximise the benefits from their chosen service.
There is an alternative way of using the Zignaly platform where you can connect your TradingView account via the Webhook URL to integrate with chosen indicators.
Zigcoin
Zigcoin is the ERC20 token that will be used to purchase and manage all insurance contracts on the platform; it is the gateway into this unprecedented insurance use case. ZIG is the token that powers the Zignaly ecosystem. As a utility token, not only can you buy or sell ZIG like any other cryptocurrency, but ZIG comes with a wide range of use cases and benefits. You can use ZIG to pay for services, pay success fees with discounts, receive trading fee cashbacks, participate in the Zignaly Vault and much more.
Why choose Zignaly?
Zignaly was launched with the main goal of trying to being the digital currency economy to the global masses, allowing traders and investors to be able to easily implement cryptocurrencies within their portfolios without needing any specific advanced technical knowledge. Since they launched, the Zignaly platform has attracted some of the cryptocurrency industry’s top traders and funds, who share their knowledge and insight to help guide the community. Users of the platform are able to invest in these traders’ moves and make a share in any of the possible profits.
Zignaly is a social investment platform that allows retail investors to invest with professional asset managers securely from within the Zignaly platform. Neither Zignaly nor the professional trader/wealth manager charges any upfront payment, and profits are automatically distributed to users and traders. Profit on the platform is performance-based, making it one of the most cost-effective wealth management tools in the industry.
Is Zignaly safe to use?
Zignaly is probably one of the safest and cheapest options for automated crypto trading. The platform offers a high level of security enabling 2FA, encrypted data, and SAFU fund protection of the traders’ funds. Your funds always stay on your exchange (Binance, Kucoin, etc) and are protected by insurances such as the SAFU fund, that runs under the Binance Broker program. They use encrypted data and 2FA to help try and ensure the highest level of security for your data.
How to get started with Zignaly?
If you feel that Zignaly is something you would like to try for yourself whether you want to copy traders or provide your own signals, the setup process goes as follows:
- Register and create an account in just a few minutes without any personal information required
- Make a deposit by transferring from your existing exchange or just use a card if you prefer
- Start copying any trader you like using an amount that you feel comfortable with
How much does Zignaly cost?
Believe it or not, you can use Zignaly for free. You’ll get access to all of the features, with unlimited pairs, positions, providers and exchanges. Get access to advanced features like Trailing Stop Loss, Autoclose, DCA ReBuy, etc., to take your trading to the next level. You will still need to pay fees from your enabled exchange.
When you signup you get:
- Unlimited Exchange Accounts
- Unlimited Coin Pairs
- Unlimited Positions
- Priority Support
There are free and paid signal providers and copy traders integrated within the Zignaly platform. Some of them require an extra cost that you may pay directly to them or internally. This cost is not related to Zignaly as they only integrate their signals and connect them with your account to manage easily.
Zignaly Conclusion
Putting everything that we have covered in this Zignaly Review, I will say that this automated trading software stands out as a great option for copying other traders and developing custom crypto trading robots with minimal hassle. There are other services that do something similar and include other assets such as eToro and ZuluTrade. However, the fact that Zignaly is primarily crypto focused means that it is often the go to option for crypto traders. Not to mention that you can develop your own crypto robots which is not possible with some competitors.
Zignaly is relatively simple to use, especially compared to some of the more out of touch investing platforms that haven’t been updated for years. It comes with a lot of web-based tools and features to help users with their trading. The modern, sleek and user-friendly interface makes it a good option for new crypto traders that wish to try automated crypto trading.
I would put this cryptocurrency robot up there with some other popular automated crypto trading platforms such as Quadency, Coinrule, Shrimpy, CryptoHero, Mudrex, Centobot, 3Commas, Trality, Bitsgap, Cornix, ProfitTrailer, HaasOnline, Gunbot, Cryptohopper, Trade Santa, Stoic and Pionex.
There are some limitations with Zignaly when it comes to the available indicators and other forms of market analysis that can be implemented into the crypto robots that you build. Some of the best trading robots that I have ever come across, contain a plethora of analysis from technical, fundamental, price action patterns and sentiment data. With Zignaly, you can only build robots within the scope of the trading tools that they provide.
Furthermore, using Zignaly robots can take away the human element from trading. This can be advantageous in some ways as it means that negative human emotions such as fear, anger and greed, have less chance of impacting results in a bad way.
Despite that, robots are not able to see things that the human eye can. This means that we may see something on the chart or be aware of an external factor that is going to impact the market that a robot might not. In this instance, we may avoid a trade but a robot would just follow the algorithm regardless of the circumstances.
Finally, as good as a trading signals may have performed in the past, there are no guarantees on how well they will do moving forward. The markets are constantly changing and there isn’t any manual or automated system that can predict what will happen with complete certainty. We should never take historical results as an indication of future performance.
That being said, Zignaly does have some useful filters so that you can look for strategies that align with your risk tolerance level and financial goals. Just make sure you are aware of the significant risks involved with trading online and never risk more than you can afford to lose.
Zignaly
Free
Pros
- Crypto copy trading
- Cryptocurrency signals
- Crypto robots
- PAMM
- Intuitive investing platform
- Zigcoin benefits
- Verified trading results
- Search, filter and follow traders
- Integrated with crypto exchanges
- Dedicated multi-lingual support team
Cons
- Focused entirely on cryptocurrency
- Limited number of exchanges available
- Not as advanced as some of its competitors
- Quite complex to setup
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.
