CrossTower 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 CrossTower trading signals. You will learn what kinds of trading signals CrossTower offers and what the conditions for using them are.
Short introduction of CrossTower
CrossTower is a progressive American crypto exchange with a branch in India that offers zero taker fees. Maker commissions are up to 0.05% of the trade amount. The most popular cryptocurrencies and tokens are traded on the platform, including Bitcoin (₿), Ethereum (Ξ), Tether (₮), USDC, SUSHI, AAVE, and others. For advanced traders, there is a crypto trading API. The exchange offers a range of solutions for corporate clients. The referral program brings 25% of the commissions paid by the invited users. There are no other investment solutions. All clients are provided with a free multicurrency wallet that you can use for deposits and withdrawals via most modern methods, including direct transfers from VISA and MC cards. The exchange has a standard trading terminal in the browser and its own mobile trading application, which is rated as intuitive, secure, and functional.
| 💰 Account currency: | Cryptocurrencies |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
CrossTower Pros and Cons
👍 Advantages of trading with CrossTower:
•the most popular cryptocurrencies and tokens are available for trading;
•private taker commission is 0% for all trading pairs but when trading through the API, there’s a fixed commission of 0.06%;
•maker's commission no more than 0.05%;
•no minimum deposit and no restrictions on trading strategies;
•free multicurrency wallet with fast deposit and withdrawal of funds;
•specialized solutions for corporate accounts;
•proprietary training system for novice traders;
•easy-to-learn built-in TradingView terminal;
•profitable referral program pays 25% of the referee’s commissions.
👎 Disadvantages of CrossTower:
•no investment solutions;
•not possible to trade fiat;
•communication with technical support is only via email.
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.
CrossTower Trading Signals
Exchange commissions differ for a maker, private taker, API taker, and institutional traders. For a maker, the commission depends on the trader's trading level, which is determined by the trading volume:
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BTC <30 it’s 0.05%;
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BTC 30-100 it’s 0.03%;
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BTC >100 it’s 0.01%.
For a private taker, all commissions are 0.0%, regardless of the assets involved in the trade and the total trading volume. For takers using the API and institutional takers, the commissions are 0.06%; and they also do not depend on third-party factors.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.05 % per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that CrossTower 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
Are there fees charged for trading signals?
Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.
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.
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.