AltCoinTrader 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 AltCoinTrader trading signals. You will learn what kinds of trading signals AltCoinTrader offers and what the conditions for using them are.
Short introduction of AltCoinTrader
AltCoinTrader cryptocurrency exchange is a young and progressive South African platform with good trading conditions. It offers access to trading the majority of popular cryptocurrencies and coins, including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ripple, Tether and others. The South African rand (ZAR) is the only available fiat currency, as the platform is primarily targeted at this region. However, the exchange has no restrictions for the residents of other countries with traders from different parts of the world trading there. The exchange offers low trading fees and TradingView Basic as the trading platform. In addition to trading in the browser, mobile trading is available in proprietary apps for Android, iOS and also Huawei gadgets. In addition to trading, there is an easy exchange service (Easy Buy & Sell). The exchange does not have investment offers or a partnership program.
| 💰 Account currency: | Cryptocurrencies, ZAR |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
AltCoinTrader Pros and Cons
👍 Advantages of trading with AltCoinTrader:
•All most popular cryptocurrencies and tokens are available, deposit in fiat money is available;
•The platform has low trading fees at 0.1% regardless of the client’s trading volume;
•In addition to the trading platform, there is a service of easy exchange of cryptocurrencies and coins;
•The platform is very simple, user-friendly with intuitive interface;
•The exchange uses SSL certificate, protection against DDoS attacks and other state-of-the-art means of security;
•The exchange does not have a minimum deposit requirement, regional restriction or limitations for trading strategies;
•The exchange has a Help Center featuring information on the basis of crypto trading and working with the TradingView platform.
👎 Disadvantages of AltCoinTrader:
•no other fiat money, except for the South African rand;
•no passive income options.
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.
AltCoinTrader Trading Signals
Fee policy is one of the reasons for the popularity of AltCoinTrader crypto exchange. The platform does not have trading levels; its clients are equal regardless of how long they have been trading on the platform and their trading volume. The trading fee is fixed at 0.1%. It does not change. The exchange does not have its own token or other ways to reduce the fee. The only way is to get a rebate from TU. For the exchange service, the fee is different. It is 0.75% of the trade value regardless of the assets, direction of the exchange and trade volume. There is no way to influence this fee.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.1% per trade | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that AltCoinTrader 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 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.
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.
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
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.