CoinField 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 CoinField trading signals. You will learn what kinds of trading signals CoinField offers and what the conditions for using them are.
Short introduction of CoinField
CoinField is a cryptocurrency exchange and trading platform. The platform allows you to trade Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, ZRX, OMG, BAT, and tons of other cryptocurrencies and assets. Six fiat currencies are available for trading, and there is a separate service for the exchange and the currency converter. The platform has low trading fees, up to 0.15% for the maker, and up to 0.25% for the taker. The platform provides OTC trading. There is a standard referral program, and there are no investment programs. The exchange has its SOLO token and its plastic card valid for offline stores. The company offers a partnership of active bloggers, as well as authoring software and a White Label Exchange to create exchanges and exchangers. Advanced API is available.
| 💰 Account currency: | Cryptos, EUR, USD, CAD, GBP, JPY, and AED |
| 🚀 Minimum deposit: | ₿0.004 |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
CoinField Pros and Cons
👍 Advantages of trading with CoinField:
•all popular cryptocurrencies and coins are available for trading, as well as six fiat currencies;
•there are OTC trading, cryptocurrency exchange service, currency converter, and other options;
•the exchange has a low minimum deposit (₿0.004 or equivalent), no restrictions on trading strategies;
•there are convenient mobile applications for iOS and Android;
•the platform provides an extended database of cryptocurrency trading;
•there is a profitable referral program with fixed payments to SOLO, plus a percentage of the partner’s commissions;
•you can order a SOLO card and pay with cryptocurrency in the stores, which also accepts MasterCard;
•each user is given a multicurrency wallet with a high level of protection;
•there is an API, a special program for partners, as well as a ready-made solution for creating your own White Label cryptocurrency exchange.
👎 Disadvantages of CoinField:
•no hands-on solutions for investors;
•no demo accounts.
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.
CoinField Trading Signals
The standard trading commission on the CoinField crypto exchange depends on the trading level. The trading level is determined by the trading volume of the last 30 days. There are 7 levels in total. At the first (minimum), with trading volume up to $50,000 per month, commissions are 0.15%/0.25% for maker/taker. On the seventh (maximum) level, with a trading volume of $5,000,000 a month, the fee for the taker is 0.02%, with no commission charged for the maker.
You can reduce the number of commissions by purchasing and holding a SOLO token. There are 5 levels of discounts, which are determined by the amount of token held. For example, at the first level with a hold of up to 1,000 SOLOs, the discount is 15%. At the fifth level with a hold of 400,000 SOLOs or more, the discount is 50%. These options allow for a significant reduction in trading commissions, which is especially beneficial if you also receive rebates from the Traders Union for additional savings.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.25% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that CoinField 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 lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
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.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
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.