Three categories (not a ranking of logos)
| Category | What you get | What to demand |
|---|---|---|
| SaaS / no-code builders | UI, hosted runners | Custody model, paper mode, residency support, kill switch |
| Telegram signal bots | Alerts, sometimes auto-trade | Who holds keys? Is “edge” just someone else’s lag? |
| GitHub / DIY | Control, open code | Ops burden, path correctness, fee bugs, secret handling |
Diligence questions (ask every vendor)
- Live PnL outside screenshots — public track record or verifiable fills, not a Discord PNG.
- Residency — does it support the path you are on? See US vs International.
- Keys and custody — who can withdraw? Can you revoke? Are secrets encrypted at rest?
- ToS surface — is the tool scraping a surface that can ban you?
- Paper mode — can you run without live capital? See paper mode & risk.
- Fee model dated — do the inputs match the current venue and market? See US fee guide.
Red flags
- “Works for everyone” with no residency question
- Guaranteed returns or “risk-free arb”
- Keys in a Telegram bot you cannot revoke
- No mention of paper mode or risk limits
- Affiliate table with no custody column
Where Bot for Polymarket fits
Bot for Polymarket offers a product waitlist; paper mode and risk limits are planned features. Check the published availability and account requirements of any tool you consider. Join the waitlist for product updates.
Fee references, product status and tool-evaluation language updated October 7, 2026: Polymarket US fee schedule.
Part of the Polymarket trading bots handbook.