CLEO.one Review

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Contributor, Benzinga
June 8, 2022
Cleo.one
Best For
  • Crypto Strategy Bot Developers
securely through Cleo.one's website
1 Minute Review

CLEO.one consists of a trading platform that provides insights to enhance your profitability and tools to help you create your own simple or elaborate trading bots. In addition to providing more data than any other platform, CLEO.one includes the most powerful strategy backtester in the crypto world. 

The platform’s Manual Trading feature also lets you manually enter trailing or regular stop loss and take profit orders on all featured exchanges. The platform uses application programming interface (API) connectivity, so no funds are ever transferred directly via the CLEO.one platform to eliminate the risk of security breaches or hacks. 

You can either open a free trial account or get a free version of the program with live trading and backtesting included if you trade via the Bitpanda, Binance or HitBTC exchanges. Although the Coinbase and Binance.US exchanges are also supported, you won’t get the free qualified services. 

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Best For
  • Crypto strategy bot developers
  • Traders who want to trade both algorithmically and manually
Pros
  • Easy to use crypto trading bot creation tools
  • Most data of any crypto platform
  • Excellent backtesting and paper trading functions
Cons
  • Limited list of supported exchanges

Cleo.one Ratings at a Glance

CLEO.one Services
CLEO.one Pricing
CLEO.one Customer Service
CLEO.one User Experience
CLEO.one User Benefits
CLEO.one Security
CLEO.one Overall Rating

Headquartered in London with its operations base in Prague, CLEO.one provides financial technology that dramatically simplifies complex market research tools and makes them available to individual traders via its powerful platform. CLEO.one has particular in-house expertise in machine learning, data architecture, algorithmic trading and capital markets that has enhanced its reputation in the financial sector.  

The technology behind CLEO.one includes more data than any other platform of its kind. The platform also lets you create trading strategies based on price action, asset correlation, candlestick patterns, stock market correlations, BTC dominance and a wide range of other technical indicators. You can create a sophisticated crypto trading bot simply by typing in the parameters needed to specify it without the need for a coding background. 

The platform also incorporates the most powerful and easy to use backtester in the crypto trading space that lets you run fast strategy backtests on historical data. You can then easily adjust your parameters to fine tune the strategy for optimal performance. 

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CLEO.one trading platform’s backtesting interface. Source: CLEO.one.

Its paper trading feature lets you simultaneously track market conditions for many cryptocurrencies. For example, your bot could alert you to declining Bitcoin dominance combined with a bullish moving average crossover in Ethereum and several other altcoins. You can then quickly create a new strategy by typing in the bot parameters and allowing it to start paper trading. Just enable email notifications to give you an automatic alert when your specified conditions for a trade occur.

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CLEO.one trading platform’s account detail interface. Source: CLEO.one.

CLEO.one Services

CLEO.one offers impressive automation tools that both experienced and novice cryptocurrency traders will appreciate. CLEO.one also provides guidance and 6 established strategies that you can use or alter to fit your own preferences if you are new to trade automation techniques.

CLEO.one provides 3 basic services for traders:

1. Automated Trading 

This service allows you to connect to a supported cryptocurrency exchange and implement a complex trading algorithm quickly. No coding experience is necessary, and all you need to do is enter your strategy’s parameter(s) in plain English. 

The platform’s main automated trading features let you access more market analysis data than most other trading platforms, including candlesticks, fundamentals and technical indicators. You can also adjust the trading amount and specify whether to enter stop loss, trail stops and/or take profit orders. 

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CLEO.one strategy creation page for automated trading bot. Source CLEO.one. 

Strategy Backtester

The CLEO.one backtesting function is available for cryptocurrencies, forex and equities. It gives you well presented and comprehensive results, including analytical and statistical data, actionable insights and a strategy simulation with real market data in CLEO.one’s paper trader.

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Strategy backtest page with strategy attributes and bot rules. Source: CLEO.one. 

Manual Trading

If you prefer to trade manually, you can make individual trades and enter associated take profit and stop loss orders. You can also run your best strategies as crypto bots on any supported exchange and get notifications directly to your inbox. The service also provides a panic button to close out all of your positions in the event of a market surprise.

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Manual Trading page with balance progress and connected strategies. Source: CLEO.one.

CLEO.one Pricing

If you trade through the Bitpanda, HitBtc or Binance cryptocurrency exchanges, you’re entitled to a free qualified account. In the table below, you can see the monthly costs of CLEO.one’s different plans and the services included in each plan. 

If you prefer to check out the platform, you can sign up for free Basic Access, which includes 10 strategies per month and the ability to set up a paper trading a strategy with unlimited virtual funds. You can later upgrade to a paid account or get a free one through Binance, Bitpanda or HitBtc. 

The pricing in the table below is on a monthly basis in EU euros with a U.S. dollar conversion done at the current rate of exchange. 

PlanStarterTrader Trader ProQualified Free
Cost per month
(Monthly/yearly)
€69/€49$84/$60€199/€149$242/$181€349/€249 $423/$3020
Code-free strategy builderYesYesYesYes
Paper tradingYesYesYesYes
Paper trading strategy amount105010010
Live trading (Only crypto)YesYesYesYes
Live trading strategies amount105010010 (Qualified)
Manual tradingYesYesYesYes
Manual trading amountUnlimitedUnlimitedUnlimitedUnlimited
Trailing stop loss/take profitYesYesYesYes
Free strategiesYesYesYesYes
Backtests1005001,000100
Assets per rule310303
Rules per strategy10UnlimitedUnlimited10
Detailed statisticsYesYesYesYes
NotificationYesYesYesYes
Historical datamax (based on exchange)max (based on exchange)max (based on exchange)max (based on exchange)
Minimum timeframe15 minutes1 minute1 minute15 minutes
TimeframesM15, M30, H1, H4, D1M1, M5, M15, M30, H1, H4, D1M1, M5, M15, M30, H1, H4, D1M15, M30, H1, H4, D1
Price actionYesYesYesYes
Technical indicatorsYesYesYesYes
Volumes, VWAPYesYesYesYes
Macroeconomic data (In development)YesYesYesYes
Connected exchangesUnlimitedUnlimitedUnlimitedUnlimited
Binance (350+ trading pairs)YesYesYesYes
Binance.USYesYesYesYes
BitfinexYesYesYesYes
Coinbase ProYesYesYesYes
HitBTCYesYesYesYes

While you can access data on forex and equities for backtesting purposes, you cannot trade them yet on CLEO.one’s platform. CLEO.one does, however, have plans to provide clients access to these and the futures markets eventually. 

CLEO.one Customer Service

The CLEO.one website has a live chat window that you can access Monday through Friday from 9 a.m. until 5 p.m. Central European Time (CET) or 3 p.m. until 11 p.m. U.S. Eastern Standard Time. You can also fill out a form with your email address and wait for a response. 

The live chat service was excellent, and an operator was immediately available to answer any questions about the platform. The site also features a one on one onboarding call option, even for free accounts. This gives CLEO.one’s clients personal attention from onboarding specialists to answer questions and help ensure that you get exactly what you need from the platform.  

CLEO.one Mobile App

The CLEO.one platform currently doesn’t offer a mobile application, although the company is presently in the process of developing an app.

CLEO.one User Experience

The CLEO.one team has made the platform unique in many ways and brings forth an exceptional visual experience with the ability to create strategies quickly and deploy them as crypto bots by simply typing in your parameters. You can also create multiple versions of your strategy in just minutes that could have previously taken you months of programming to implement.

CLEO.one User Benefits

The CLEO.one platform has multiple user benefits, with the most important one being the ability to easily create your own cryptocurrency automated trading bots. The backtesting and paper trading features also let you implement your strategies in real market situations, so you can tell if your strategy promises to be consistently profitable or not. If you prefer to manually trade, then the platform lets you place your own trades and enter stop losses, trailing stops and take profit orders to close out the position.  

CLEO.one Security

Due to the fact that all of your money remains on the cryptocurrency exchange you use, the security of your funds when using the CLEO.one platform is high. Additionally, the bots you create have restricted access to your account through the API keys generated by your crypto exchange, which does not allow for account withdrawals or deposits to be made through the platform. 

CLEO.one Overall Rating

Brought down largely due to the lack of a mobile app and its rather narrow crypto-focused asset range and limited list of supported exchanges, our overall rating for CLEO.one is 4 stars. Once CLEO.one’s planned mobile application becomes available and its product range is expanded to allow you to trade forex, equities and futures contracts, the overall rating for this innovative company would come closer to 5 stars. 

CLEO.one vs. Competitors

On most other trading platforms that allow backtesting and algorithmic trading, you’d have to learn a programming language, code your indicators, code your strategy and find reliable historical data in order to run a backtest. You would then need to review your code for errors, program any refinements and backtest again to optimize your strategy for profitability. 

With CLEO.one, you just input your strategy’s parameters, backtest it based on the available historical data and then improve your strategy by quickly typing in parameter changes. Once satisfied, you can then operate your strategy by running it as a crypto trading bot. This lets you skip most of the complicated steps you’d need to take on other platforms, and it highlights the major advantages of using CLEO.one for testing and automating a cryptocurrency trading strategy. 

CLEO.one Tutorial

If you want a better idea of what CLEO.one can do for your crypto trading, you can check out these tutorial videos on YouTube.

Frequently Asked Questions

Q
Are crypto trading bots profitable?
A

Trading bots are only as profitable as the strategies they implement. With the right strategy and prudent money management, crypto trading bots can be quite profitable.

Q
Are trading bots legal?
A

Yes. Trading bots are legal, although trading cryptocurrencies may not be legal in some jurisdictions.

Methodology

For reviews, Benzinga created a weighted scale based on the following criteria: services, pricing, customer service, mobile app, user experience, user benefits and security. We aim to provide the most up-to-date, impactful and trustworthy reviews. For an in-depth look at our brokerage review process, read the full methodology.

User Reviews

Sunny Leone

How do you use this product to boost your finances?

I invested a total of $75,000.00USD worth of Bitcoin with an online company who does trading and was guaranteed a payout of 25% a week. They ended up shutting down their company website but their website was still running. So I could still see my dashboar

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