CoinList 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 CoinList trading signals. You will learn what kinds of trading signals CoinList offers and what the conditions for using them are.
Short introduction of CoinList
The CoinList exchange was incorporated in 2017 in San Francisco. It is licensed by U.S. financial regulators, operates under the Bank Secrecy Act (BSA), and participates in the Anti-Money Laundering (AML) compliance program. Today, over 10 million traders worldwide use the services of this broker. The exchange attracts both active digital asset traders and investors interested in passive income by storing different types of tokens. CoinList is also among the first exchanges to offer access to new blockchain-based products.
| 💰 Account currency: | USD, cryptocurrencies |
| 🚀 Minimum deposit: | From $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Over 80 cryptocurrency pairs and crypto and + USD pairs |
| 💹 Margin Call / Stop Out: | No |
CoinList Pros and Cons
👍 Advantages of trading with CoinList:
•licenses and cooperates with reliable custodians (i.e., third-party custodians of client assets);
•low commissions for selling and buying cryptocurrencies;
•has a wide range of trading pairs;
•opportunity to invest in new tokens, access to which may be closed on other platforms;
•no minimum deposit requirements;
•easy-to-use mobile and web platforms with a well-designed interface and TradingView charts;
•availability of referral programs and various types of bonuses;
•access to credit and loans through WBTC and EFIL.
👎 Disadvantages of CoinList:
•In some countries, exchange services are not available or their list is limited;
•all fiat currencies on the site are converted to U.S. dollars with fees deducted;
•free withdrawal is available only through ACH (Automated Clearing House).
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.
CoinList Trading Signals
Standard account holders are charged 0.5% per transaction in base currency by CoinList. The minimum fee is $0.25 or the equivalent in cryptocurrency. The commission level for CoinList Pro depends on the total trading volume in U.S. dollars over the last 30 days. Thus, a taker pays the exchange 0.05-0.45% and a maker pays 0-0.25%. There are no commissions for incoming bank transfers; $10 for payments within the U.S.; and $30 for international transfers for outgoing transfers. ACH transfers are free. Withdrawal fees are listed on the exchange's official website. Additional network fees apply to cryptocurrency withdrawals. The table below shows the average fee per trade turnover of $1,000.
| Account type | Spread (minimum value) | Withdrawal commission |
| CoinList.co | $5 | Availability and size of the commission depend on the country of residence, selected currency, and payment method |
| CoinList Pro | $3.5 | Availability and size of the commission depend on the country of residence, selected currency, and payment method |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that CoinList 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
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.
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
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.