CoinMetro 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 CoinMetro trading signals. You will learn what kinds of trading signals CoinMetro offers and what the conditions for using them are.
Short introduction of CoinMetro
The CoinMetro cryptocurrency exchange is a specialized platform for exchanging and trading cryptocurrencies with the ability to invest via copying transactions and bonds. Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and other cryptocurrencies are at your disposal for trading on the exchange. CoinMetro’s forte is its trading terminal with extensive functionality and built-in analytics. Also, five times leverage is available for margin trading. The crypto exchange operates under the licenses of the Estonian Financial Intelligence Unit (the FIU), license nos. FVR000143 and FRK000121. It is also licensed by the US regulator Financial Crimes Enforcement Network (FinCEN). CoinMetro has one of the lowest trading margins.
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | Up to 1:5 |
| 💱 Spread: | From 0.1% per market order |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
CoinMetro Pros and Cons
👍 Advantages of trading with CoinMetro:
•handy trading terminal with built-in charts and indicators;
•popular cryptocurrencies are available for trading on the exchange;
•five times leverage;
•built-in service for copying deals;
•deposits in CoinMetro's bonds;
•low fees for exchange and trade;
•licensed by EU and US regulators.
👎 Disadvantages of CoinMetro:
•analytics are not provided (only news);
•there are not many cryptocurrencies and tokens at your fingertips.
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.
CoinMetro Trading Signals
On the cryptocurrency exchange platform, the maker's fee is 0%, the taker's fee is 0.1%. On the margin trading platform, all fees are 0.1%, plus an interest rate that is recalculated every 4 hours. The swap fee 0%. When copying transactions, the fee is 0.1% for the exchange; 5-25% for the manager's work; and 1-5% for the effectiveness of trading. Fees for depositing and withdrawing funds differ depending on the source/destination of the transfer. Deposits from cryptocurrency wallets are free.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From 0.1% per market order | Yes (but no fees for cryptocurrencies) |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that CoinMetro 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
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
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.
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
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.