CLEO.one Review

Cleo.one Ratings at a Glance

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 creating trading tools with 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. 

It’s also one of the online trading platforms that incorporates the most powerful and easy to use backtester in the crypto trading space that lets you run fast strategy backtests on historical data. An active trader can then easily adjust their parameters to fine tune the strategy for optimal performance. 

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.

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

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. 

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.

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.

Advanced traders can use the platform to organize their foreign exchange activity, option trades and even digital assets manually. Yes, it’s nice to have automated options, but many traders prefer to have more control over their investment decisions and various investment opportunities. Additionally, real-time quotes, charting tools, including interactive charts, make the standard features of the platform that much easier to use.

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

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. 

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. 

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.

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. Real-time streaming quotes, current trading activity, potential trade opportunities and more are still available.

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.  

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. 

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

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.