3Commas Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Mobile application
- SmartTrader
- TradingView
- Manual trading, trading using bots, DCA, Gordon, Grid, option
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Mobile application
- SmartTrader
- TradingView
- Manual trading, trading using bots, DCA, Gordon, Grid, option
Our Evaluation of 3Commas
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
3Commas is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.06 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by 3Commas clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The 3Commas terminal uses trading software that enables you to trade cryptocurrencies at 18 affiliate exchanges using both active and passive strategies.
Brief Look at 3Commas
Headquartered in Tallinn, Estonia is 3Commas, a cryptocurrency exchange. It also has a representative office in Canada. The platform was created in 2017 for simple and convenient trading at different exchanges through a single interface. Today, 3Commas has more than 220,000 registered users. They have access to 18 exchanges, including Binance, Kraken, Bybit, Coinbase, and Bitfinex. Clients can trade both on their own with the best liquidity and using various types of bots to automate trading. The 3Commas trading platforms are based on TradingView and allow you to make trades with 45 major blockchains such as BTC (₿), LTC (Ł), ETH (Ξ), XRP, and others), several thousand tokens, and stablecoins.
- access to trading at major international exchanges through a single interface;
- plenitude of crypto assets available for trading;
- availability of a free tariff package and the ability to test the best plan without paying a subscription fee;
- ubiquitous exchange employs various strategies and styles of trading, including the use of bots;
- no restrictions on scalping, setting take profit, stop loss, and trailing;
- the ability to use bots with ready-made settings, as well as create personal robots;
- the availability of a multi-level referral program with high rewards.
- discounts on the tariff plan are not permanent, so the client does not always have the opportunity to pay a fee on preferential terms;
- the trader must pay for the subscription even if he does not plan to trade during the next month;
- chat operators do not always respond promptly to requests.
TU Expert Advice
Financial expert and analyst at Traders Union
The 3Commas terminal acts as a service for manual and automated trading using bots on affiliate exchanges. A trader can work at 18 platforms, including Binance, Coinbase Pro, Bitfinex, Bybit, Kraken, and Huobi Global. However, not every exchange supports all available features. At some exchanges (Bitfinex, Bitstamp, and Poloniex, for example) you can only trade manually. At others such as Binance, KuCoin, and Bybit you can conduct trades yourself or use bots to assist you. Futures trading is available at 6 exchanges (Binance Futures, FTX, BitMEX, Bybit, Deribit, and Gate.io).
3Commas offers three tariff plans, one of which is free. New users are automatically connected to the Pro package with maximum features. The time limit of use without subscribing is three days. You can also test the service from the demo version. SmartTrade and Trading Terminal platforms display TradingView charts, support 14-time intervals, and more than 100 indicators.
Trading Terminal and SmartTrade can be used for manual trading. In the user account, a trader selects an exchange and links it to the 3Commas terminal. To work with the selected platform, you need to have an open account on it and money in your balance. Trading is carried out at the connected exchange. The 3Commas service does not execute trades but only acts as an intermediary that provides a single interface for multi-exchange trading.
3Commas Summary
| 💻 Trading platform: | Trading Terminal and SmartTrade are based on TradingView. There are mobile applications for Android and iOS. |
|---|---|
| 📊 Accounts: | Paper Trading (demo simulating trading at the Binance Spot exchange), Free, Starter, and PRO |
| 💰 Account currency: | USD, cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Paypal, credit/debit cards, BTC, ETH, DASH, DOGE, and other cryptocurrencies |
| 🚀 Minimum deposit: | From USD 1 |
| ⚖️ Leverage: | 1:1 up to 1:100 (depends on the chosen exchange) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market; also depends on the chosen exchange |
| 🔧 Instruments: | Cryptocurrencies, futures |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Conditional market order, conditional limit order, OCO order, Good-Till-Cancelled, Fill or Kill, Immediate or Cancel, Post-Only |
| ⭐ Trading features: | Manual trading, trading using bots, DCA, Gordon, Grid, option |
| 🎁 Contests and bonuses: | Promo codes, promotions from affiliate exchanges, free subscription for a limited time |
Traders can trade on 18 exchanges through 3Commas, and trading conditions depend on the chosen platform. First, you need to choose one of the three tariff plans (Free, Starter, or Pro), and then connect to the exchange(s) for trading. Free means an unlimited plan with a zero deposit, but only 3 bots are available on the Free plan.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Free | $0 per month (average subscription fee) + trading commission of the exchange selected | Depends on the specific exchange |
| Starter | $22 per month (average subscription fee) + trading commission of the exchange selected | Depends on the specific exchange |
| Pro | $74 per month (average subscription fee) + trading commission of the exchange selected | Depends on the specific exchange |
The results of comparing commissions charged using different approaches are presented in the table below. The Traders Union compared 3Commas’ fixed cost tariff plans with other exchanges that charge a percentage of the trade.
| Broker | Average commission | Level |
|---|---|---|
|
$32 | |
|
$20 | |
|
$0.1 |
Investment Options
The 3Commas exchange specializes in investing in cryptocurrencies using robots. Platform developers and analysts offer a huge selection of bots for traders with any level of experience. Also at the exchange, you can trade on the signals of professionals and create personalized systems for algorithmic trading. Another option for passive income at 3Commas is earning through the referral program.
Bots and trading signals are available tools for passive income
Novice traders have access to ready-made bots with basic settings that may be modified to fit their trading strategy. Experienced users can create their own bots that trade on the signals and indicators of the TradingView platform.
Available bots:
Gordon bot. Suitable for novice investors and users who have not previously dealt with bots. It belongs to the DCA class and is partially configured for the QFL strategy for long positions. The main function of the Gordon Bot is to buy low and sell high. Only available in the Pro subscription.
DCA bot. Designed for investing at the average dollar cost (Dollar Cost Averaging). The trader sets the investment amount, and the bot buys assets at regular intervals. The DCA strategy helps to reduce risks because the investor does not use the entire deposit at once. He invests in parts, thus insuring his investments against adverse price movements.
Grid bot. The trader selects the exchange, cryptocurrency, and bot mode, and also indicates the investment amount. Based on the analysis of the volatility of the selected coin over the past seven days, the bot creates a grid of limit orders for buying and selling and determines price extremes. After the launch, the bot starts buying the currency (if the price falls) or selling (if the price rises).
Option bot. This bot is designed for professional traders who trade options contracts. The bot is configured depending on the trading strategy. The investor can track income and losses in real-time and, if necessary, close the position ahead of schedule.
The 3Commas platform also displays crypto trading signals. The investor selects a signal, pays for the subscription (if it is not free), and then launches the bot according to the proposed signals. Trading signals can be selected by exchanges, cost, popularity, recency, and other criteria. The price of paid signals ranges from $10 to $150 per month, but free options are also available.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
3Commas’ affiliate program:
This program comprises a three-level referral system. The affiliate receives a reward in the form of a cost percentage of the tariff plan paid by the referral. For referrals of the 1st level, he is paid 25% of the subscription amount; for the 2nd level, he gets 15%; and for the 3rd level, he is rewarded 10%.
Referral bonuses are accrued proportionally every day. The amount available for withdrawal is displayed in the user’s account on the first day of each month.
User Satisfaction