Volatility: crypto wins, and that is not an advantage
BTC can move 8% in an hour on random news. EURUSD moves 0.4-0.6% on an average day. Higher volatility sounds like more opportunity, but mostly means more risk per trade.
For a bot: high volatility forces wider SL, smaller lot size to stay within 1% per trade risk, and net profit per trade shrinks. Crypto bots often make relatively less than forex bots despite more movement.
Spreads and fees
Forex (XAUUSD) at a good broker: spread of 1.5-3 pips, no commission or very low commission. Round-trip costs around €5 on a 0.10 lot trade.
Crypto on a retail exchange (Binance, Bybit): 0.1% spot fees, plus you have liquidation risk in margin trading. Round-trip on a €1,000 trade costs €2 in fees, plus up to €20 in slippage during volatile periods.
Conclusion: forex bot is cheaper per trade, crypto bot has more overhead per trade.
Edge and competition
Forex (especially XAUUSD): institutional banks, hedge funds, and a small number of high-frequency firms. Edge exists in patterns around US data, session overlaps, and mean reversion zones. Edge is stable over years.
Crypto: institutional firms, on-chain whales, market makers. Edge exists in arbitrage between exchanges, funding rate trades, and news-driven momentum. Edge changes monthly as strategies get arbed away.
Risk: regulation and counterparty
Forex via a regulated broker (FCA, ASIC, CySEC) has client funds segregation. Your money is protected up to certain limits if the broker fails.
Crypto via an exchange: counterparty risk is real. FTX (2022), Celsius (2022), smaller exchanges constantly. Your '50% per year return' can vanish in one tweet if the exchange goes illiquid.
What we do
Our bot runs on XAUUSD via Vantage, a regulated broker with segregation. No exchange counterparty risk, low fees, predictable market behavior.
Crypto bots: a fun side project if you can afford to lose 5-10% of your portfolio. Not as the main stream of your trading income.
Boring works better than sexy
XAUUSD via a regulated broker, with a bot running since 2024. No 100%-per-month promises, just real returns.
Start with the bot