Cleo.one Review – Pricing, Features, Security, Profitability

Name: Cleo.one
Item: Cleo.one Review - Pricing, Features, Security, Profitability
Rating: 7.5
Author: Sarah Wurfel

Sarah Wurfel 0 Bots, Journal, Trading

7.5

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Cleo.one Review – Pricing, Features, Security, Profitability

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✅ It has a very comprehensive strategy backtester, second to none in the crypto world

✅ It has a deep reservoir of analytical data with data going up to fifty years for assets that have such.

✅ It has a free plan for qualified users of Binance, HitBtc, and Bitpanda Pro. This plan provides what may be sufficient for retail traders who do not make many day-to-day trades

✅ The website interface is easy to use and navigate, with an aesthetic design pleasing to the eye.

✅ The customer support team is functional

✅ It makes it easy to code bots using plain English

✅ It includes data analysis and strategies for forex and equities

✅ It accesses your account through API keys, making your funds safe.

What you'll learn 👉

CLEO.ONE OVERVIEW

There are many things that influence how profitable a crypto trader will be. One of the most prominent of them all is the trading strategy. It has to be well-thought-out and executed.

But sometimes, a strategy is not enough. You also need to be fast, fast enough to catch the bottom or sell the top. Trading decisions that delay even for a second may be very dangerous in the crypto world.

That is why it is not a bad idea to have a trading bot, one that can implement winning strategies and make split-second decisions that may be the difference between loss and gain. Recently there have been many platforms offering that service to users. This article will discuss one of such platforms, Cleo.one.

1/11/2022 Update

The platform seems to have been abandoned and unsupported already. At least that is what their official website tells you when you open it. Check Bitsgap or Quadency instead.

We recommend Bitsgap instead

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WHAT IS CLEO.ONE

Cleo.one is a FinTech service that focuses on helping traders create and implement calculated strategies as they try to make headway through the turbulence of the crypto world. Launched in 2018 with its headquarters in London, this platform is renowned for being one of the most data-intensive programs in the crypto world with a strategy backtester that is second to none.

The platform doesn’t require any installation and has a website design that is both aesthetic and efficient. Thus, you don’t have to be a tech guru before you utilize the bots on the platform. Even though the platform is focused on crypto trading, it has expressed its desire to branch out to other financial markets, including forex and equities.

WHAT CAN YOU DO WITH CLEO.ONE?

With Cleo.one you can:

Gain qualitative insights into the markets and pick out a strategy or group of strategies based on a wide range of indicators that would work best for you.
Create, manage, and personalize trading bots to implement your chosen strategies with speed and accuracy.
Perform manual actions via the manual trading feature
Connect to an exchange’s API. This way, your funds are not routed through Cleo.one. The platform simply accesses your trade functions and acts accordingly.
Perform strategy backtests through one of the most potent backtesters in the crypto world.

SUPPORTED EXCHANGES

The service is currently available in six crypto exchanges, namely:

Binance
Binance US
HitBTC
BitPanda
BitFinex
Coinbase Pro

If you have any of these exchanges, you can easily run the trading bots from Cleo.one on them. However, there is a special package for verified users of Binance, HitBTC, and BitPanda Pro. These verified users can have access to a qualified account for free. The qualified account provides ten live trading bots, ten paper trading bots, unlimited historical data, and more.

To qualify for this package, Binance users need to have created their accounts after July 21, 2021, without being referred. For HitBTC and BitPanda Pro users, all they have to do is verify their account regardless of when it was created. Connecting to this package is not stressful; you only need your API key and secret from the respective exchange.

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TRADING STRATEGIES

Cleo.one uses a mix of settings and indicators to develop trading strategies that range from one-liners to advanced complexities. The trading strategies include Bollinger Bands trading strategy, Relative Strength Index trading strategy, VWAP trading strategy, PSAR trading strategy, ATV trading strategy, etc. These ready-made strategies follow predetermined rules which can be tweaked as needed.

There is also something called social strategy sharing, in which you benefit from battle-tested strategies that have been shared by community members. You can also upload your own strategy to the strategy-sharing platform for others to benefit from. However, you have to backtest them first to verify their efficiency. You can use paper-trading to see how the strategies will work for you in real-time.

HOW TO CREATE A NEW STRATEGY WITH CLEO.ONE

After creating an account with Cleo.one, you’re ready now to start working on your strategy. You cannot import strategies from elsewhere as Cleo.one uses unique programming languages to link strategies to bots. Not to worry, though; the process of creating a new strategy on the platform is both easy and fast.

The following guide will help you in creating and automating your strategy:

After logging in to your page on the website, go to the Cleo.one builder and click on the ‘Create new strategy’ button on the right side of the screen.
You will be asked to choose between crypto, forex, and equities. Choose crypto
The next step is to enter the rules that would define the strategy. This includes setting parameters like trading balance, market currency, exchange, etc.
If you’re not sure of what rules to set yet, don’t sweat. You can come back to edit the strategy rules later. However, you can’t change the exchange and currency later, so you have to get those right.
It’s time to set the rules for the bot. You can do this in three steps:
- First, set the bot’s entry and exit rules. They can be as many as you want
- Second, specify what action the bot should take, either to buy or sell
- Lastly, specify the money management rules, including where to take profit and stop loss.
Give your strategy a distinguishable name, and then click ‘build strategy.’
Congrats! You have successfully created your strategy.

PRICING

There is a free plan for those who have qualified accounts with Binance, HitBtc, and Bitpanda Pro. Even though the number of rules per the strategy is limited, you can still make something good out of it if you don’t want to pay. If you want more, though, you would have to subscribe to a paid plan. There are three paid plans, namely:

Starter: This plan goes for 69 Euros monthly or 49 Euros if you pay a yearly subscription. The major advantage of this over the free qualified plan is that it offers ten rules per strategy instead of the three rules that the free qualified plan offers
Trader: Here, you pay 199 Euros monthly (or 149 per month if you pay once yearly). The package provides access to 50 real-time live trading, 500 backtests, unlimited rules per strategy, and ten assets per rule.
Trader Pro: This is the most expensive one with a subscription amount of 349 Euros monthly or 249 Euros if you pay yearly. It offers access to 100 real-time live trading, 1000 backtests, unlimited rules per strategy, and thirty assets per rule.

Payments can be made using various bank cards. Discounts and promotional offers are made from time to time, and there is also an allowance for special customized offers for educational institutions.

We recommend Bitsgap instead

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HOW SAFE IS CLEO.ONE

Cleo.one uses an Application Programming Interface(API) to access your crypto accounts in exchanges. The API does not request withdrawal rights; it only connects to your trading interface. Thus, your funds are never with Cleo.one, and that gives a certain measure of security.

Also, the platform uses online cloud storage and doesn’t require you to install an application to access its services. The server is secure and protected by an encryption mechanism. However, Cleo.one falls behind on user accountability security protocols due to the absence of two-factor authentication – a common practice in the online crypto world.

With all these said, it is important to note that nothing is completely safe in the crypto environment. Therefore, invest what you can afford to lose and follow other necessary risk management protocols.

CLEO.ONE VERSUS OTHER BOTS

Several trading bots have been developed to simplify and automate the trading process. Examples are Wunderbit, Extrum, Cryptohopper, BitsGap, Quadency, CryptoBlizz, etc. Some of these bots have free plans, while some start with paid plans but have free versions. Some, like CryptoBlizz, do not even offer free versions.

One of the distinguishing factors about Cleo.one is that it does not only offer trading bots for crypto purposes; it also extends to forex and equities, offering free strategies, backtests, indicators, and historical data for traders of forex, US, and international stocks. These asset sectors are not as developed as the crypto asset sector, but development is in progress.

Also, Cleo.one is one of the cheapest bot programs available. It has one of the highest number of advantages for free versions with its qualified version for Binance, HitBtc, and Bitpanda Pro users.

In addition to all this, Cleo.one excels over other platforms with its powerful backtesting program. This is one of the most comprehensive strategy backtester in the crypto world. Lastly, Cleo.one should be praised for being one of the most data-intensive platforms with up to 50 years worth of data for assets that have that much data.

SECURITY AND SUPPORT

SECURITY

SUPPORT

The support starts with a help section which consists of articles written on some of the complex concepts of the platform. The articles are divided into nine sections, with 69 articles in between them. There are even video articles that walk users through certain functions like strategy creating.

In addition, there is a live chat function run on the intercom which responds to questions in real-time. To crown it all, the platform maintains social media presence on Facebook, Instagram, Twitter, and LinkedIn.

CLEO.ONE – WHERE IT SCORES

Among other things, the platform should be hailed for its simplicity. The fact that even someone new to both crypto and programming can make sense of the website’s functions makes it appealing
Also, it has a very powerful backtester. This is important because it helps you to see the effects of your strategies on past and future scenarios. Thus, you do not just go to the markets blind.
Its deep store of historical data is also worthy of note. Thus users have what they need to make qualitative decisions based not on emotions but logic.

CLEO.ONE – THE VERDICT

If simplicity, intensive data resources, and powerful simulation algorithms are what you look for in a crypto bot, then, by all means, the Cleo.one platform is meant for you. The fact that it also doesn’t have access to funds on your exchange account makes one rest assured. If you would like to check out other options, check the homepage of this website for a guide to articles about more bots.

We recommend Bitsgap instead

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