Coinut 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 Coinut trading signals. You will learn what kinds of trading signals Coinut offers and what the conditions for using them are.
Short introduction of Coinut
Coinut is a cryptocurrency exchange headquartered in Singapore, which also has a subsidiary office in Canada. It has been providing services for spot trading with digital assets since 2013. Today, more than 1 million crypto traders worldwide use Coinut trading apps. The exchange is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as an MSB (Money Services Business). Its clients can trade 10 cryptocurrencies, including in pairs with US dollars. The priority fiat currency on Coinut is the Singapore dollar (SGD), but it also accepts and allows withdrawing in USD and CAD.
| 💰 Account currency: | USD, SGD, CAD, and cryptocurrencies |
| 🚀 Minimum deposit: | 100 SGD, there is no minimum deposit amount for cryptocurrencies |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Maker: 0% - 0,45% Taker: 0,1% - 0.5% |
| 🔧 Instruments: | Fiat-to-crypto, crypto-to-crypto |
| 💹 Margin Call / Stop Out: | No |
Coinut Pros and Cons
👍 Advantages of trading with Coinut:
•there is no minimum deposit amount for cryptocurrencies;
•differentiation of trading commissions depending on the type of order and trading volume;
•availability of a license from the regulator of Canada;
•the ability to place limit orders with zero commission;
•access to trading from any device connected to the internet;
•availability of a referral program with long-term reward payments;
•simple and fast registration with the ability to switch to demo mode.
👎 Disadvantages of Coinut:
•there are no investment programs, including staking;
•only a small range of trading assets; XRP, BCH, and DASH are not available;
•the slow response by the technical support team.
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:
-
Copy trading.
-
Email alerts.
-
Signals through a blog on the website.
-
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.
Coinut Trading Signals
If the turnover during the past 30 days is less than $10,000, makers pay the exchange a commission of 0%-0.45% of the transaction amount, and takers pay 0.1%-0.5%. Depending on the trading volume, each Coinut client is assigned one of four levels — from VIP 1 to VIP 4. Makers pay zero commission for trading crypto-to-crypto pairs, and for crypto-to-USD, SGD, XSGD, and CAD pairs the commission is from 0% to 0.4% of the transaction amount. The exchange withholds 0.3%-0.45% from takers for trading pairs with fiat currency and 0.1% for all other pairs of cryptocurrencies. For the withdrawal of SGD via Xfers, a commission of 0.55% of the transaction amount is charged. For the transfer of cryptocurrencies to external wallets, traders pay 0.0004 BTC, 0.003 ETH, 0.001 LTC, and 0.04 XMR. There is no commission for deposited funds. Analysts at the Traders Union estimated the average commission for a $10,000 transaction.
| Account type | Spread (minimum value) | Withdrawal commission |
| Normal | Taker - $30 Maker - $22.5 |
Yes |
| VIP 1 | Taker - $27.5 Maker - $20 |
Yes |
| VIP 2 | Taker - $25 Maker - $17.5 |
Yes |
| VIP 3 | Taker - $22.5 Maker - $15 |
Yes |
| VIP 4 | Taker - $20 Maker - $0 |
Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Coinut 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.
- MaximusFX Trading Signals
- Bitonic Trading Signals
- Paymium Trading Signals
- TopstepTrader Trading Signals
- AvaTrade Trading Signals
- Cryptopay Trading Signals
- CoinSpot Trading Signals
- NSFX Trading Signals
- SimpleFX Trading Signals
- InterTrader Trading Signals
- Bitstamp Trading Signals
- SpectroCoin Trading Signals
- OvalX Trading Signals - ETX Capital Review by TU Expert
- M4Markets Trading Signals
- Lbank Trading Signals
- ActivTrades Trading Signals
- CGS-CIMB Securities Trading Signals
- Rakuten Securities Trading Signals
- LATOKEN Trading Signals
- ApolloX Trading Signals
- Axe Capital Trading Signals
- XMTrading Trading Signals
- Questrade Trading Signals
- BlockFi Trading Signals
- ADSS Trading Signals
- Upbit Trading Signals
- Skilling Trading Signals
- IronFX Trading Signals
- Zaif Trading Signals
- Accuindex Trading Signals
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.
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.
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
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.