What is Quadency and How Long Has It Been in Business?
Based out of New York City, Quadency is a cloud-based cryptocurrency bot and portfolio management solution that works through web browsers.
Quadency connects with popular exchanges to buy and sell crypto through its automated mechanisms. But it also doubles as a portfolio management service to help users keep track of their digital assets across connected exchange accounts.
Quadency was established in 2018 and currently provides its solutions through desktop as well as mobile web browsers. With that being said, it recommends that its solutions are run through Google Chrome for optimal performance.
How Reputable is Quadency?
While Quadency only came to surface in 2018, the trading tool has generated quite some buzz through its support for major exchanges as well as its partnership with some of them.
At the time of writing, Quadency has partnered up with large scale cryptocurrency exchanges such as Bittrex, Kraken, KuCoin, and Liquid as its official partners. This vote of trust by established entities gives the new solution quite a boost in terms of its own credibility.
These partnerships also provide these exchanges’ customers with noticeable benefits for using Quadency, such as free upgrades to its subscription-based features.
Which Exchanges Does Quadency Support?
At the time of writing, Quadency supports a total of 11 exchanges. These platforms include:
- Binance
- Bitfinex
- Bittrex
- Coinbase Pro
- Gemini
- HitBTC
- Kraken
- KuCoin
- Liquid
- OKEx
- Poloniex
How Much Does Quadency Cost?
It comes in a free as well as a paid version. The free account comes with all the basic features including portfolio tracking and trading bots. Whereas, the paid accounts take these features to another level and apply value-added enhancements to the service such as the usage of application programming interface (API).
Here is what you can expect from the free as well as a paid subscription at Quadency.
Hodler – Free Account
- Unlimited Exchange Connectivity.
- Monthly Trading Limit of $10,000.
- 1 Live Trading Bot with 10 Backtests/day.
- Email Support.
Pro – Paid Account
- Unlimited Exchange Connectivity.
- Monthly Trading Limit of $100,000.
- Customizable Trade Screen.
- Ability to Save and Load Charts.
- 10 Live Trading Bots with 100 Backtests/day.
- Advanced APIs to Enhance Account Connectivity and Operations.
- Email and Live Chat Support.
The Pro account comes at either $49/month with monthly billing or at $39/month if you go with annual billing.
Institutional – Premium Account
- Unlimited Exchange Connectivity.
- No Trading Limits.
- Customizable Trade Screen.
- Ability to Save and Load Charts.
- Unlimited Live Trading Bots with Unlimited Backtests.
- Ability to Create and Integrate Your Own Bots.
- Advanced APIs to Enhance Account Connectivity and Operations.
- Service Level Agreements with Priority Support.
Due to enterprise-level services, Quadency ensures that the pricing for the Institutional account is only provided upon request.
How Easy to Use is Quadency?
The tool has an easy to use and intuitive interface that makes it easy to integrate exchange accounts, track portfolio, and use bots with connected accounts.
Since the trading solution comes without any requirements to install it on a computer, the setup is also simple and doesn’t require extensive technical knowledge to install or operate complex programs.
Quadency also has a helpful knowledge base that answers basic as well as advanced questions in a detailed manner. This makes the solution quite easy to use for novice and experienced cryptocurrency traders alike.
What Settings are Available?
Quadency offers a variety of trading mechanisms that can be applied to its automated bots. These include market, limit, and stop orders.
You can also use available bots that use strategies such as Multi-Level RSI, Mean Reversion, Bollinger Bands, or MACD.
With that, the solution also offers a proprietary Smart Order bot. This bot tracks and manages your order against factors such as position, stop, and profit target without exposing it to the exchange’s order book.
Institutional customers can also create their own bots by programming them through Python.
What Kind of Security is Offered?
Quadency connects to exchange accounts through APIs to trade on your given exchange’s platform. It never asks you to share your account’s withdrawal access. This ensures that your funds are never withdrawn from your account without your permission and you can only perform your withdrawals manually.
Apart from this, Quadency uses Transport Layer Security (TLS) to make sure its website is functional through the Hypertext Transfer Protocol Secure (HTTPS). This encrypts your data when you exchange it with the trading solutions’ servers and ensures that your information is not easily compromised.
The trading tool also uses two-factor authentication (2FA) for additional account security. It, it also operates in complete compliance with the OWASP Top 10 document standards for maximum security to its web applications. Apart from this, Quadency also ensures to go through penetration testing executed by third-party vendors to ensure that its systems are up to date according to the latest security standards.
How Good is Quadency Customer Support?
Quadency offers different support systems for its free and paid accounts. But it allows access to its knowledge base for all potential and existing users. Apart from this, the platform also remains active on its social accounts.
Quadency is quite new in the market, which makes it difficult to judge the expertise of its customer support under pressure. But so far, the solution has proven to be credible with its services.
How Profitable is Quadency?
Quadency doesn’t commit to generating any set percentage of profit. This behavior channels other cryptocurrency bots that are considered as credible and reliable solutions in the industry.
This doesn’t mean that Quadency is unable to generate any profit. It just translates to the trading bot team being honest about the volatility of buying and selling cryptocurrency. Since the digital asset market is quite unpredictable, it is impossible for any bot to guarantee any sort of profit. What works for one trader may not work for the other, which is why it’s important that you set realistic expectations from the bot.
With that being said, Quadency seems like a decent solution to use. With its connectivity to major exchanges and its ability to offer its services for free especially with partner platforms, you can easily test out the service on your own and see how it’s working out for you.
