ABCC 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 ABCC trading signals. You will learn what kinds of trading signals ABCC offers and what the conditions for using them are.
Short introduction of ABCC
The ABCC crypto exchange is a multilateral platform for cryptocurrency trading. Bitcoin (₿), Ethereum (Ξ), SUSHI, LINK, AAVE, and dozens of other cryptocurrencies and tokens are available for trading on this platform. There are two types of trading pairs — USDT and USDC. Direct deposit to USD from a plastic card or bank account is possible. Deposits from e-wallets are also available. The exchange initially has a fixed fee for trade transactions, which is 0.1% for the taker and the maker. When using the API, the fees are reduced to 0.05%. The site has its proprietary AT token, and it can be used to pay trade commissions at a discount. Clients who hold the highest volume of AT share 80% of all users' commissions. The exchange has no investment or referral program, and passive income is not provided.
| 💰 Account currency: | Cryptos, fiats, and tokens |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market-oriented |
| 🔧 Instruments: | Cryptos, fiats, and tokens |
| 💹 Margin Call / Stop Out: | No |
ABCC Pros and Cons
👍 Advantages of trading with ABCC:
•the most popular cryptocurrencies and tokens are represented on the exchange;
•top-notch possibility to deposit fiat funds such as US dollars, etc., from bank cards;
•low fixed commissions do not depend on trading volume;
•reduced fees for trades using API;
•the site has its proprietary AT token, which is beneficial for trading;
•easy-to-learn and intuitive TradingView trading terminal;
•the exchange has a mobile trading application;
•lightning-quick speed of work and trading operations.
👎 Disadvantages of ABCC:
•no investment programs;
•no referral program.
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.
ABCC Trading Signals
The ABCC cryptocurrency exchange charges fees on all trading transactions. The commission is fixed at 0.1% of the transaction amount. The base currency is defined as USDT. The amount of commission does not depend on the volume of transactions and other parameters. It can only be reduced if the fee is paid in AT, not in the underlying asset. When paying with the AT token, the fee will be recalculated taking into account the individual discount.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.1% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that ABCC 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
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
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.
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.