June 1, 2020
Sign up to Mudrex and automate your trading. Get started with a free $25 sign up bonus
Every week we want to show you easy ways you can stack sats and this week we are going to take a look at Mudrex.
Mudrex is an automated trading platform which allows users to invest in algorithms created by traders and developers
Users can check detailed statistics for each algorithm listed including the backtesting performance results. We have decided the best way to illustrate the platform is to try several bundles and test them ourself.
One of the key motives for this article was to show readers the benefits of automating your trading, freeing up your time from watching charts and allowing you to focus on more creative things such as launching a startup or concentrate on work.
How Does It Work?
Mudrex Invest gives you access to alternative, high yield investment products called ‘Bundles’. Each of these ‘Bundles’ has multiple trading strategies optimised to work together and provide the best returns for users.
Each bundle gets verified before being published and is monitored constantly for appropriate risk management and effectiveness.
There are detailed statistics available on all bundles, including live and backtested trade performance.
To start using the platform choose the bundle you wish to invest in, connect your exchange API key and then deposit funds into your Mudrex account to cover the cost of the bundle fees.
Each bundle typically charges around 1-3% of the amount invested, with some bundles charging a minimum fee varying from $10-40. The platform also offers discounts for larger traders.
Some bundles offer ‘Mudrex Protect’ which makes sure that if your investment loses money, any fees charged for the investment service are refunded.
*Mudrex Protect does not compensate for any losses in your trading account.
How Can The Results Be Verified?
To verify the performance of the bundles on the platform we will be trying several of these bundles over the next 6 months with live funds.
Our team signed up to the platform on the 15th May and every month we will be giving our feedback on the performance and returns for each bundle we are invested in.
We invested a maximum of $500 into the following bundles:
We will be updating the results every month to highlight the returns, the best bundles and the benefit of automating your trading.
How To Sign Up?
If you wish to sign up the Mudrex platform, you can use the link below for a free $25 signup credit which allows you start trading on any bundle for free.
How To Get Started?
Step 1: Select a bundle you want to invest
There are multiple bundles that are listed on the Mudrex Invest for you to pick from based on your risk appetite, available exchanges, and preference.
Ideally, you should pick 3–4 different bundles and diversify your position.
Step 2: Add your API keys
Step 3: Invest funds and go live
The $25 signup credit will allow you to use a bundle free of charge for around 2-3 months based on an account size of $500 or less. Giving a suitable period for users to try a bundle of their choice.
The low monthly fee also allows users with smaller account balances to access the platform.
We recommend that you follow the progress of our articles to determine the best performing bundles before signing up.
*Disclaimer Past performances are not indicative of future results. We recommend users consult their financial advisor before making any investment. Any articles and opinions posted by our team should not be considered as financial advice.
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