CoinEx 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 CoinEx trading signals. You will learn what kinds of trading signals CoinEx offers and what the conditions for using them are.
CoinEx Trading Signals
CoinEx's transaction fee system is based on the rank and hierarchy of users. The user's position in the hierarchy is determined by the trading volume over the last 30 days. The more trades, the higher the trading level and the lower the commission. At the initial zero levels, the maker and taker commissions are 0.2%. At the highest (fifth) level, no commission is taken from the maker, the taker commission is 0.05%. Reduced commissions are available for traders with VIP status. To obtain VIP status, high trading volumes are required using CET (platform coins). Non-VIP users can also trade CETs with reduced maker and taker fees. An additional reduction in commissions is possible upon obtaining the status of a market maker or an ambassador. The Ambassador status is assigned on an individual basis.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From 0.2% per market order | Depends on the asset |
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.
Short introduction of CoinEx
The CoinEx exchange is a multifunctional platform that combines the functions of the cryptocurrency market and a crypto exchange. Bitcoin, Ethereum, USDT, and dozens of other cryptocurrencies and tokens are at the trader’s disposal. Assets are exchanged and traded relative to each other, and there are pairs with world currencies, the most prominent contracts are with USD. The exchange has a large trading volume, and thanks to the patented lightning-quick match engine, the company guarantees the simultaneous stability of thousands of orders, each of which is reliably protected. The site has its proprietary CET coin, which is issued daily. In addition to the web version of the trading terminal, there’s is a user-friendly mobile application. Fees are fixed and they depend on the trading level and the presence/absence of VIP status.
| 💰 Account currency: | Any |
| 🚀 Minimum deposit: | Depends on the asset and type |
| ⚖️ Leverage: | no |
| 💱 Spread: | 0.2% |
| 🔧 Instruments: | Cryptos, currencies |
| 💹 Margin Call / Stop Out: | No |
CoinEx Pros and Cons
👍 Advantages of trading with CoinEx:
•large trading volumes, loads of cryptocurrencies, and tokens;
•convenient and functional mobile application;
•low fees (especially with VIP status);
•you can get the status of a market maker and an ambassador;
•legal license for digital assets;
•the company has a reserve fund;
•round-the-clock professional technical support.
👎 Disadvantages of CoinEx:
•affiliate program for ambassadors only;
•absence of investment programs.
Conclusion
Based on the results of the analysis of the CoinEx trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
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.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
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.
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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.