BTC-Alpha 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 BTC-Alpha trading signals. You will learn what kinds of trading signals BTC-Alpha offers and what the conditions for using them are.
Short introduction of BTC-Alpha
BTC-Alpha exchange was officially launched in 2016. In 2019, the exchange presented its mobile apps for Android and iOS as well as the native token ALP coin to its clients. At the moment, the exchange supports 10 languages, servicing over 400,000 traders and offering over 200 pairs with cryptocurrencies. Daily trading volumes at BTC-Alpha exceed USD 10 million. The platform offers a flexible fee schedule, margin trading and deposits (fiat money and crypto) directly for a debit/credit card. Clients of the exchange receive real-time quotes and round the clock support.
| 💰 Account currency: | 20 fiat currencies, cryptocurrencies |
| 🚀 Minimum deposit: | 10 USD, 0.00016 BTC, 0.005 ETH |
| ⚖️ Leverage: | 1:3, 1:5, 1:10 |
| 💱 Spread: | 0.05-0.2% |
| 🔧 Instruments: | Over 200 pairs (Crypto+Crypto, Crypto+Fiat) |
| 💹 Margin Call / Stop Out: | No |
BTC-Alpha Pros and Cons
👍 Advantages of trading with BTC-Alpha:
•Minimum deposit of $10, which is affordable even for a beginner;
•Competitive base fee rate, both for makers and takers;
•Wide selection of pairs with Tether (USDT);
•Possibility to earn on holding cryptocurrencies (staking) and attracting new clients (referral program);
•Provision of leverage up to 1:10 by the exchange;
•User-friendly customizable trading platform with TradingView charts;
•Multilingual trading platform and support service.
👎 Disadvantages of BTC-Alpha:
•Welcome bonus and trading fee cash back are not available in all countries;
•Deposits via a bank transfer are not accepted;
•There is no live chat on the website of the exchange and on the trading platform, while customer support can only be contacted via email.
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.
BTC-Alpha Trading Signals
Depending on the 30-day trading volume, traders are assigned a status from VIP 1 to VIP 14. The level of fees depends on the status. The minimum fee for Maker and Taker is 0.05%, maximum – 0.2%. If a trader holds a certain number of ALP tokens in his account, the fee is reduced by 20%. Perfect Money charges a 1.85% withdrawal fee, Payeer and AdvCash – 2.85% of the transfer amount. The deposit fee on deposits in USD is 1.85%-5%. Withdrawal of cryptocurrencies involves payment of network fees (0.0005 BTC, 0.043 LTC, 0.0093 ETH, etc.), while deposits are free. The fee for buying ВТС, ETH, USDT and TRX with fiat money using a bank card via Mercuryo is 4.85%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 2$ | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that BTC-Alpha 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.
- NSFX Trading Signals
- CIX Markets Trading Signals
- XM Broker Trading Signals
- VALR Trading Signals
- Khwezi Trade Trading Signals
- Self Bank Trading Signals
- BCR Trading Signals
- Crypto.com Trading Signals
- Lbank Trading Signals
- Switch Markets Trading Signals
- TeleTrade Trading Signals
- Cryptology Trading Signals
- WH SelfInvest Trading Signals
- Equiti Group Ltd Trading Signals
- CoinMetro Trading Signals
- CoinW Trading Signals
- FINAM Trading Signals
- FTX Trading Signals
- ActivTrades Trading Signals
- Bitso Trading Signals
- ApolloX Trading Signals
- SpectroCoin Trading Signals
- Scope Markets Trading Signals
- Interactive Brokers Trading Signals
- FOREX.com Trading Signals
- FXFLAT Trading Signals
- Weltrade Trading Signals
- InstaForex Trading Signals
- OCBC Securities Trading Signals
- Quidax Trading Signals
FAQs
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.
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 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.