Buda 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 Buda trading signals. You will learn what kinds of trading signals Buda offers and what the conditions for using them are.
Short introduction of Buda
The Buda cryptocurrency exchange is among the largest exchanges in South America and works with traders worldwide. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Bitcoin Cash, and USDC are traded here. There are four fiats represented and they are the Chilean, Colombian, and Argentine pesos, as well as the Peruvian sol. There are several major options for depositing and withdrawing funds, including direct transfers from bank accounts. The website has no solutions for investors. However, active traders can use the referral program and earn 20% of the amount of invited users’ trading fees. The platform operates stably and is characterized by a modern security system, large trading volumes, and high liquidity. Traders can trade using both the terminal in a browser (standard TradingView) and the website's proprietary mobile application.
| 💰 Account currency: | BTC, ETH, LTC, BCH, USDC, CLP, COP, PEN, and ARS |
| 🚀 Minimum deposit: | $1 or its equivalent in pesos or sols |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiats |
| 💹 Margin Call / Stop Out: | No |
Buda Pros and Cons
👍 Advantages of trading with Buda:
•the most popular cryptocurrencies and four South American fiat currencies are traded here;
•the exchange offers a convenient, intuitive trading terminal and its proprietary application for mobile trading;
•the profitable referral program allows you to earn 20% of the trading commissions of invited users;
•90% of users' funds are stored using the cold method; the exchange has a modern security system;
•no restrictions on trading strategies, impressive limits, and integration of API solutions are possible.
👎 Disadvantages of Buda:
•trading with leading world fiat currencies isn’t available;
•lack of offers for investors, demo accounts, and tutorials for novice traders.
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.
Buda Trading Signals
The Buda cryptocurrency exchange has two types of trading commissions – the initial commission and the level commission. The initial commission for all users is the same – 1.2% for all trading operations, regardless of the currency, direction, and volume of the transaction. As soon as you verify and start actively trading, you get the first trading level, and the commission will be reduced.
There are seven trading levels on the site. The trading level is determined by the volume of trades over the last 30 days. For example, at the first level (with a trading volume of up to $2,000), the commission is 0.8% for market orders and 0.4% for limit orders. At the highest, seventh level, trading commissions are already 0.2% and 0.1%, respectively, which is well below the market average.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | up to 1.2% per application | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Buda 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 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.
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.
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.
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.