AscendEX 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 AscendEX trading signals. You will learn what kinds of trading signals AscendEX offers and what the conditions for using them are.
Short introduction of AscendEX
The AscendEX cryptocurrency exchange is a platform for spot, margin, and futures trading of cryptocurrencies and tokens. Basic (simple) and professional (full-featured) terminals are available options. Bitcoin, Ethereum, Ripple, Bitcoin Cash, Tether, and tons of other cryptocurrencies and coins are traded on the site. The crypto pool is constantly expanding. There are no fiats on the site. There are several investment solutions such as staking, De-Fi farming, direct deposits to the platform, and deposits in ASD (the exchange's coin). The fees vary by asset, which includes up to 0.1% for Bitcoin and up to 0.2% for altcoins.
| 💰 Account currency: | Cryptos |
| 🚀 Minimum deposit: | 1 |
| ⚖️ Leverage: | До 1:25 (маржа), до 1:100 (фьючерсы) |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos |
| 💹 Margin Call / Stop Out: | No |
AscendEX Pros and Cons
👍 Advantages of trading with AscendEX:
•the most popular cryptocurrencies and tokens are traded on this exchange;
•in addition to the TradingView web terminal, there is a mobile application;
•several simplified investment programs;
•leverage for margin and futures trading;
•deposits into the site's coin base with lucrative bonuses;
•launched the sale of multi cards for investments in ASD and airdrop;
•there is a system of rewards for active trading.
👎 Disadvantages of AscendEX:
•no fiat assets;
•no demo accounts;
•there is no call center.
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.
AscendEX Trading Signals
The AscendEX cryptocurrency exchange charges fees for all trades. Fees for spot and margin trading are charged under one system, for futures trading, it’s a different one. Both systems have 10 trading levels, including zero. The higher the trading level, the lower the fee.
The trading level is determined by the trader's activity over the past 30 days, but there are two alternative indicators — the total trading volume in USDT and the average trading volume with ASD participation. At zero, spot and margin fees are 0.1% for Bitcoin and 0.2% for altcoins. For futures trading, the fee is 0.1%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.2% per order | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that AscendEX 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 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.
Are there fees charged for trading signals?
Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
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.