ACE Exchange 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 ACE Exchange trading signals. You will learn what kinds of trading signals ACE Exchange offers and what the conditions for using them are.
Short introduction of ACE Exchange
The ACE Exchange was registered in 2018 in Taipei, the capital of Taiwan. It offers browser-based and mobile platforms for spot transactions with cryptocurrencies, including pairs with fiat Taiwanese dollars. In addition to active trading, the clients of the exchange have access to investment plans with different terms, and they can also earn from staking digital assets. The ACE Exchange cooperates with KGI Bank, which is part of China Development Financial Holding, which is in the field of KYC verification and bank trust custody.
| 💰 Account currency: | TWD, cryptocurrencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | No |
| 💱 Spread: | 0%-0.2% for makers, 0.1%-0.2% for takers |
| 🔧 Instruments: | Cryptocurrency pairs, TWD + crypto pairs, NFTs |
| 💹 Margin Call / Stop Out: | No |
ACE Exchange Pros and Cons
👍 Advantages of trading with ACE Exchange:
•the ability to start trading with any amount;
•low trading commissions;
•account login protection using two-factor authentication and Google Authenticator;
•availability of investment programs for various needs;
•no fees for depositing funds and withdrawing them to the bank account of the partner network;
•a wide range of crypto assets, including rare coins and tokens;
•the use of advanced DDoS attack protection technologies.
👎 Disadvantages of ACE Exchange:
•the exchange does not support margin trading and does not provide leverage;
•only Taiwanese dollars are available among fiat currencies;
•it's not possible to withdraw money to a bank card.
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.
ACE Exchange Trading Signals
n the ACE Exchange, makers do not pay a commission for trading popular cryptocurrencies and fiat pairs. The exchange withholds 0.1% of the transaction amount from takers. If a trader trades with rare pairs (TWD + BAAS/DEC/DET/DS/MOCT/UNIC), then the maker’s and taker’s commission is 0.2%. At times, the exchange provides a 10-12% discount on the commission, which is valid for a month. The ACE Exchange does not charge fees for depositing and transferring funds within the user profile. Commission for the withdrawal of cryptocurrencies are: 0.0002 BTC, 0.002 ETH, 0.25 XRP, and 0.001 LTC. Withdrawal of fiat TWDs is free when using the KGI Bank account. An additional commission is charged for withdrawal to an account in the other banks.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | For a $1000 transaction: $1 for the maker $1.5 for the taker |
Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that ACE Exchange 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
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
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.