Need advice on platform where I can trade for my friends (not too expensive)

[Michal_open_source]

I need a platform for copy trading , meaning that I got few people wanting to give me their funds.
Probably would be better off i'm just able to trade on their accounts from one place (no direct access to their exchange accounts).

Do you know any platform where I won't spend a fortune for that or even free one? Feedback and personal experience appreciated!

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[Flangler]

I need a platform for copy trading , meaning that I got few people wanting to give me their funds.
Probably would be better off i'm just able to trade on their accounts from one place (no direct access to their exchange accounts).

Do you know any platform where I won't spend a fortune for that or even free one? Feedback and personal experience appreciated!

Binance, Bitforex. I do not follow other tactics. I play my own strategy. The problem with copy trading on such a platform is that it doesn't show stop losses nor take profits targets but hey can on Bitforex they may copy your position.

[BitcoinGirl.Club]

Probably would be better off i'm just able to trade on their accounts from one place (no direct access to their exchange accounts).

Not much clear here.
You are saying, you will have account details of the exchanges (let's say Binance exchange) of your friends, and you will have a piece of software. When you will execute a trade in the software (bot), the same trade will be placed in all the accounts?

Please clarify.

[GreatArkansas]

Probably would be better off i'm just able to trade on their accounts from one place (no direct access to their exchange accounts).

Not much clear here.
(....)

I think what OP talking about here is some exchanges that have some feature that there is some external software or service that are able to execute a trade without any access on the user's log in credentials or not able to withdraw anything, just execute a trades only. And one of the example of that kind of feature is Bitmex, where Bitmex provide an API keys for their user, and those API keys can use to execute a trade (based on the rules/what can do of the API key set up by owner of the account).

So, my suggestion is Bitmex for the trading platform. Since I already tried to use their feature that no direct access to the exchange accounts of the user.

If the OP want some automated software that will able to do the work like executing the trades, I don't if there are some public software already available for this. Since last time I saw advertised was some paid premium signal group which offer the same feature I said.

[Kupid002]

I need a platform for copy trading , meaning that I got few people wanting to give me their funds.
Probably would be better off i'm just able to trade on their accounts from one place (no direct access to their exchange accounts).

Do you know any platform where I won't spend a fortune for that or even free one? Feedback and personal experience appreciated!

You are looking for traders that you want to copy thier trade?

Or you are the one who will trade and your friends will just copying your trade did I understand it right ? If that is the case why not send  directly the balance they have to you,  it is the same and you don't need any software for that unless they are not trusting you with thier money.

[sheenshane]

I need a platform for copy trading , meaning that I got few people wanting to give me their funds.
Probably would be better off i'm just able to trade on their accounts from one place (no direct access to their exchange accounts).

That's what we called in trading, "API". That is the acronym of Application Programming Interface which is a Microsoft Windows platform that you can able to access the trading activity but not the fund who deposited by the account owner of an exchange, as what explained very well above by @GreatArkansas.

There are too many exchanges that offer this kind of service feature, and most commonly those are free. But it seems you are talking about copy trading, they are different feature of API and copy trading. Here is the list of Top 10 Best Crypto Exchange and for copy trading exchange, that's another story.

[Michal_open_source]

Thanks guys for anwers, I was thinking about the solution where I would have access to my friends/(maybe clients in the future) founds on exchanges, but they would be the only ones that can withdraw the funds. I think what GreatArkansas wrote about API sounds good. (though mostly i go for Binance)

Probably would be better off i'm just able to trade on their accounts from one place (no direct access to their exchange accounts).

Not much clear here.
You are saying, you will have account details of the exchanges (let's say Binance exchange) of your friends, and you will have a piece of software. When you will execute a trade in the software (bot), the same trade will be placed in all the accounts?

Please clarify.

Yes, exactly

[Lucius]

Michal_open_source, regardless of good intentions, do you think it’s smart to invest your friends funds? When it comes to money, everyone should be responsible on their own, because if you happen to misjudge the investment (which is quite possible with crypto), some friends might blame you.

Maybe it would be better to try to teach your friends how to trade, because you know the old saying that you can feed a man once if you give him a fish, but if you teach him to fishing you fed him for life

[coinscalendar.com]

Seems like the platform you are looking for is Skyrocket.trade (https://skyrocket.trade/). It can be used for free and you have bitmex and Binance, so that you can connect by API few of your friends.

Also, you can find some interesting tools not available by exchanges there.

PS. This might ruin the friendship @Lucius said

[death69]

You should be more specific about which kind of trading you want to participate in. There are likely 10 kinds of trading with more than 1000 different assets. This trading section is not only for trading bitcoin and cryptocurrency. But since you have asked an obscure question like this, I believe that you want to join a crypto market. My suggestion is Binance. They are currently the biggest trading platform with more than hundreds of coins. There are also many tools and equipment for better trading activities. They also provide margin trade aka leverage for you to boost your profit. Beware of using margin. If you make a mistake while using this option, huge loss will be your vital result

[el kaka22]

You could buy trading bots like for example gunbot and put in all the information you want in there on how to trade, you can manually trade on gunbot as well, there are many many other bots to if you want to pick one of them, that way you will only have their public API and you could potentially just trade without API having any deposit or withdraw access which means you will trade for them but you will not have access to their funds at all.

I would say that and websites that allow you to copy trade others are the only options you could go with but at the end of the day having a bot would be a lot better, because they could check whatever you are doing in real time and you will never be able to access their account which would be the best in security part of the deal.

[Michal_open_source]

I have already some experience crypto with trading just looking for a good solution to manage more accounts at the same time death69.

SkyRocket.trade sounds good I'll check it out. Someone had experience with that?

I'll look up gunbot too - I want to myself to the one whose trades are copied on other accounts (Binance preferably). I'm doing good without the bots but ill look into the topic.

[dkbit98]

You can try using website cryptowat.ch
It has option for adding API from various exchanges and you can also download their cryptowatch app.
It is also a great tool for tracking portfolio and creating multiple pro charts with notifications.
Basic version is free to use but for more options there is a flexible fee you need to pay, and you can earn credits.
Big exchanges are supported including Bisq as decentralized exchange, and Cryptowatch is owned by Kraken exchange.

Website:
https://cryptowat.ch/

[Mahanton]

I need a platform for copy trading , meaning that I got few people wanting to give me their funds.
Probably would be better off i'm just able to trade on their accounts from one place (no direct access to their exchange accounts).

Do you know any platform where I won't spend a fortune for that or even free one? Feedback and personal experience appreciated!

On how the hell those people do consider out on giving out their funds to you if you dont even know on how exchange works? with that alone then i do already have doubts
that you arent a trader and just pretending to be good by just handling out funds and do make rely on copy trades? There are several ones but you should verify and
do your own research if these are legit or not.
https://bit-copy.com/en
https://zignaly.com/crypto-copy-trading
https://coinmatics.com
https://cryptonita.org

[pamsugas]

I highly recommend joining https://lmt.trade/ you don't need to be good at trading, there are lots of great trades there we can follow for free. I've joined there for 1 month and get a profit

[beerlover]

I would say instead of you making the trade for them without reaching their accounts, you should probably tell them what to do and when to do it, that way you could build some sort of signal group in telegram that they can follow.

You could also put some sort of alert if they are too late they shouldn't react as well, that way if they are there and see you giving a signal they will buy with you and they could sell when you tell them to sell as well, but if they are not there that means they won't make any kind of movement at all as well because they are too late.

This way you are not taking control of anything, which I highly suggest because it is quite important to not take control over their money, even if the website gets hacked or scams they might think you are the cause.

[AmoreJaz]

Michal_open_source, regardless of good intentions, do you think it’s smart to invest your friends funds? When it comes to money, everyone should be responsible on their own, because if you happen to misjudge the investment (which is quite possible with crypto), some friends might blame you.

Maybe it would be better to try to teach your friends how to trade, because you know the old saying that you can feed a man once if you give him a fish, but if you teach him to fishing you fed him for life

seems that he does really want to manage his friends' accounts and i think he knows the repercussions of that responsibility

I have already some experience crypto with trading just looking for a good solution to manage more accounts at the same time death69.

SkyRocket.trade sounds good I'll check it out. Someone had experience with that?

I'll look up gunbot too - I want to myself to the one whose trades are copied on other accounts (Binance preferably). I'm doing good without the bots but ill look into the topic.

I would say instead of you making the trade for them without reaching their accounts, you should probably tell them what to do and when to do it, that way you could build some sort of signal group in telegram that they can follow.

You could also put some sort of alert if they are too late they shouldn't react as well, that way if they are there and see you giving a signal they will buy with you and they could sell when you tell them to sell as well, but if they are not there that means they won't make any kind of movement at all as well because they are too late.

This way you are not taking control of anything, which I highly suggest because it is quite important to not take control over their money, even if the website gets hacked or scams they might think you are the cause.

but im with Lucius and beerlover's advice here. better teach your friends how to do their own trading. difficult at the start but it will pay off in the future. and they may thank you for that.
not all the time that you can be in the positive side, but once you are raking negative, dont think that your friends will be happy with your decisions. just my 2 cents also on this situation.