3Commas Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of 3Commas trading signals. You will learn what kinds of trading signals 3Commas offers and what the conditions for using them are.
Short introduction of 3Commas
Headquartered in Tallinn, Estonia is 3Commas, a cryptocurrency exchange. It also has a representative office in Canada. The platform was created in 2017 for simple and convenient trading at different exchanges through a single interface. Today, 3Commas has more than 220,000 registered users. They have access to 18 exchanges, including Binance, Kraken, Bybit, Coinbase, and Bitfinex. Clients can trade both on their own with the best liquidity and using various types of bots to automate trading. The 3Commas trading platforms are based on TradingView and allow you to make trades with 45 major blockchains such as BTC (₿), LTC (Ł), ETH (Ξ), XRP, and others), several thousand tokens, and stablecoins.
| 💰 Account currency: | USD, cryptocurrencies |
| 🚀 Minimum deposit: | From USD 1 |
| ⚖️ Leverage: | 1:1 up to 1:100 (depends on the chosen exchange) |
| 💱 Spread: | Market; also depends on the chosen exchange |
| 🔧 Instruments: | Cryptocurrencies, futures |
| 💹 Margin Call / Stop Out: | No |
3Commas Pros and Cons
👍 Advantages of trading with 3Commas:
•access to trading at major international exchanges through a single interface;
•plenitude of crypto assets available for trading;
•availability of a free tariff package and the ability to test the best plan without paying a subscription fee;
•ubiquitous exchange employs various strategies and styles of trading, including the use of bots;
•no restrictions on scalping, setting take profit, stop loss, and trailing;
•the ability to use bots with ready-made settings, as well as create personal robots;
•the availability of a multi-level referral program with high rewards.
👎 Disadvantages of 3Commas:
•discounts on the tariff plan are not permanent, so the client does not always have the opportunity to pay a fee on preferential terms;
•the trader must pay for the subscription even if he does not plan to trade during the next month;
•chat operators do not always respond promptly to requests.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
3Commas Trading Signals
The 3Commas exchange does not charge a commission for trading. The fees are charged by the affiliate exchanges to which a trader connects, so trading fees vary. The client pays 3Commas only the cost of the tariff plan. The monthly fee for the Starter plan is $22; and for the Pro plan, it is $74. You can save by opting for an annual subscription. In this case, the Starter plan will cost $14.5 ($174 per year), while the Pro plan will be $49.50 ($594 per year). Only the minimum features are available on the free tariff plan. The 3Commas service does not accept deposits or withdraw funds from trading accounts. These operations are performed by the exchanges, so the existence or nonexistence of commissions for deposit and withdrawal depends on their respective policies.
| Account type | Spread (minimum value) | Withdrawal commission |
| Free | $0 per month (average subscription fee) + trading commission of the exchange selected | Depends on the specific exchange |
| Starter | $22 per month (average subscription fee) + trading commission of the exchange selected | Depends on the specific exchange |
| Pro | $74 per month (average subscription fee) + trading commission of the exchange selected | Depends on the specific exchange |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that 3Commas does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.