3Commas Review
Verdict
The most feature-complete all-in-one bot suite — offset by a documented security-incident history.
Score breakdown
Six pillars, weighted identically for every platform — security and custody weighted heavily.
Pros
- Deepest feature set in the category
- Huge exchange & TradingView coverage
- Strong copy-trading and backtesting
Cons
- Confirmed 2022–23 security incidents
- Premium pricing
- Overwhelming for beginners
Security & track record
In December 2022, 3Commas suffered a confirmed API-key leak — some users had funds drained (losses reported in the millions), and the CEO confirmed a genuine leak after initially citing phishing; further breach reports followed in 2023. Weigh this history and always use trade-only API keys.
Details
| Type | Trading-bot platform (SaaS) |
|---|---|
| Maker | 3Commas · Estonia |
| Released | 2017 |
| Pricing | Free demo · paid ~A$31/mo+ — Starter ~US$20/mo up to Expert ~US$140/mo |
| Fees | Subscription tiers (no per-trade fee); exchange fees apply |
| Custody | Non-custodial; API keys stored server-side |
| Automation | Grid, DCA, SmartTrade terminal, options & HODL bots, copy trading, TradingView signals, backtesting, paper trading |
| Exchange support | 15+ (Binance, Coinbase, Kraken, KuCoin, OKX, Bybit, Crypto.com) + TradingView — no Australian exchanges |
| Regulation | SaaS tool — API-key based; not a custodian of funds |
3Commas — frequently asked questions
Do crypto trading bots actually make money?
A bot automates a strategy — it does not guarantee profit. Returns depend entirely on the strategy and market conditions, and you can lose money, especially with leverage. Be very wary of any "bot" advertising fixed or guaranteed daily returns; that's a classic scam pattern. 3Commas is a legitimate tool, not a get-rich scheme.
Is 3Commas safe?
With 3Commas your funds stay on your own exchange; it connects via API keys. In December 2022, 3Commas suffered a confirmed API-key leak — some users had funds drained (losses reported in the millions), and the CEO confirmed a genuine leak after initially citing phishing; further breach reports followed in 2023. Weigh this history and always use trade-only API keys. Whatever bot you use, connect it with API keys that have withdrawal permission switched off.
How much does 3Commas cost?
3Commas: Free demo · paid ~A$31/mo+ — Starter ~US$20/mo up to Expert ~US$140/mo. Legitimate bots charge a subscription or a small trading fee; a "free" bot that requires a large upfront deposit is a major red flag.
Are crypto trading bots legal in Australia?
Yes — automated or API trading is perfectly legal in Australia. The real danger is scam platforms posing as "AI trading bots." Legitimate tools like 3Commas charge subscriptions, never take custody of a lump sum to "trade for you," and never promise guaranteed returns.
Can you lose money with 3Commas?
Yes. A poor strategy, high volatility, leverage, or simply a falling market can all produce losses — automation doesn't remove risk. Start small, use conservative settings, and never risk money you can't afford to lose.
General information only — not financial advice. Trading bots do not guarantee profits and can amplify losses. Disable withdrawal permissions on any API keys, and never risk more than you can afford to lose.