Overview
Soon provides a cutting-edge automated investment management and trading platform that assists users in handling their investments with ease. It is particularly designed for investment teams who need to manage multiple assets across various exchanges. The platform stands out with its AI-powered automation capabilities, enabling users to set up automatic buying, selling, stop-loss measures, and tax-loss harvesting without the need for continuous monitoring.
Additionally, Soon offers advanced configuration options, allowing users to tailor their strategies according to their unique requirements and goals. Its seamless integration with popular trading platforms ensures that users can manage their trading activities from a centralized hub, saving them time and effort. Also notable is Soon's focus on delivering an incomparable user experience through intuitive design and reliable performance.
For those looking to invest responsibly, the platform provides a non-custodial service where users must connect their own exchanges to utilize the automation tools. While Soon is not a financial advisor, its innovative solutions make it a valuable asset for individuals and teams aiming to optimize their portfolio management and investment workflows.
Key features
- Automated trading solutions: Soon enables users to automate their trading activities, including buying, selling, and stop-loss, allowing them to execute trades efficiently without manual intervention.
- AI-powered portfolio management: The platform leverages AI technology to optimize portfolio management, helping users make informed decisions and enhance their investment strategies.
- Advanced configuration options: Users have access to advanced settings, allowing for customization of their investment strategies according to their specific needs and goals.
- Seamless platform integration: Soon integrates effortlessly with popular trading platforms, ensuring that users can manage their investments from a single, cohesive interface.
- Automated tax-loss harvesting: This feature helps investors optimize their tax position by automatically selling securities that have incurred a loss, offsetting capital gains.
- Robust analytics tools: Offers comprehensive analytics tools that provide insights into the user's portfolio performance and trade executions, aiding in data-driven decision-making.
Pros
- Intuitive user interface: Soon presents an easy-to-navigate interface, making it accessible for both novice and experienced traders to manage their investments efficiently.
- Versatile connectivity: Supports a wide range of exchange connections, facilitating enhanced trading opportunities and asset management for users.
- Sound tax management: Offers efficient tax management tools, such as tax-loss harvesting, helping investors optimize their tax positions effectively.
- Flexible strategy setup: Provides flexibility in setting up and modifying investment strategies, allowing users to adapt to market conditions dynamically.
- Customizable portfolio settings: Empowers users with customizable portfolio settings that can be tailored to meet individual investment objectives and risk profiles.
Cons
- Lacks custodial service: Users must connect their own exchanges to utilize the platform's automation tools, as Soon itself does not provide a custodial service.
- Exchange connection required: To fully leverage the platform's features, users must have existing exchange connections, which could be a limitation for some users.
- User strategy dependent: The platform's effectiveness heavily relies on the user's investment strategy, which means the outcome may vary significantly across different users.
- Limited free access: While there's a 14-day trial available, users need to move to a paid plan to access full platform features after the trial period ends.
- Performance not guaranteed: The effectiveness of automation tools can vary, with no guarantee of performance, urging users to invest responsibly and with due diligence.