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Bilaxy Trading Signals - TU Expert review

Updated: November 02, 2023
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Full Bilaxy
overview
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Bilaxy Fees and Minimum Deposit

Table of Contents

  • Intro
  • Short introduction
  • Pros and cons
  • What are trading signals?
  • Bilaxy Trading Signals
  • Conclusions
  • FAQs
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

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 Bilaxy trading signals. You will learn what kinds of trading signals Bilaxy offers and what the conditions for using them are.

Short introduction of Bilaxy

The Bilaxy exchange is a cryptocurrency trading service. You can trade Bitcoin, Ethereum, Litecoin, FXT Token, DRK Chain, Moonpot (BEP20), as well as over 300 altcoins and tokens on the platform. There are no fiat funds, only crypto-to-crypto pairs. They use the TradingView desktop trading terminal and an application for mobile trading based on the TradingView model. The app comes in versions for iOS and Android. There are no investment solutions, demo accounts, or training. There is no minimum deposit, and registration and verification are standard. Of the additional earning options, there is only a one-level referral program. Fixed commissions are 0.2% for taker and maker. However, if an exchange token (BIA) is used to pay off the commission, the commission is reduced to 0.1%.

💰 Account currency: Cryptocurrencies and tokens
🚀 Minimum deposit: $1
⚖️ Leverage: 1:1
💱 Spread: Market
🔧 Instruments: Cryptocurrencies and tokens
💹 Margin Call / Stop Out: No

Bilaxy Pros and Cons

👍 Advantages of trading with Bilaxy:

•Very simple and convenient trading terminal (this is also true for its mobile application);

•Bitcoin, hundreds of the most popular and demanded altcoins and coins are traded on the exchange;

•no restrictions on trading strategies, no minimum deposit, no withdrawal limits;

•low fixed commissions, which can be further reduced due to rebates from the Traders Union;

•BIA exchange token has large trading volumes and can be used to gain trading advantages;

•advantageous referral program, through which you can receive up to 40% of the commissions of invited users.

👎 Disadvantages of Bilaxy:

•there are no investment solutions or passive earnings options on the exchange, except for the referral program;

•the exchange does not provide demo accounts or training guides;

•there is no call center for prompt communication with technical support.

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:

  • Copy trading.

  • Email alerts.

  • Signals through a blog on the website.

  • 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.

Bilaxy Trading Signals

Information

One of the main advantages of the Bilaxy crypto exchange is its low, fixed trading fees. Usually, 0.2% is charged for each transaction.
The amount of the commission does not depend on the trading volume and most other factors. It can be reduced in only two ways. The first way was described a little earlier, which is rebates from Traders Union. The second way is to purchase a BIA token. This token can be used to cover trading fees. You have the opportunity to reduce the amount of the commission using a BIA token after receiving a 50% discount. That is, if you use BIA, the fee is not 0.2%, but 0.1%.

Account type Spread (minimum value) Withdrawal commission
Standard up to 0.2% per order Yes

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Bilaxy 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 depend on the account type?

Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.

Do I need to test trading signals before subscribing to them?

Most definitely yes. Make sure that the signals do work and are effective.

How do I choose a signal provider?

Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

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.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

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.

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