Crypto.com 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 Crypto.com trading signals. You will learn what kinds of trading signals Crypto.com offers and what the conditions for using them are.
Short introduction of Crypto.com
| 💰 Account currency: | USD, EUR, GBP, HKD, JPY, and cryptocurrencies |
| 🚀 Minimum deposit: | Depends on the asset |
| ⚖️ Leverage: | 1:3 (margin trading), 1:50 (derivatives) |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
Crypto.com Pros and Cons
👍 Advantages of trading with Crypto.com:
•a large number of cryptocurrencies and tokens, the list of assets is constantly growing;
•all major options for depositing and withdrawing funds (bank cards and accounts, e-wallets, etc.);
•the crypto exchange provides traders with leverage: for margin trading, it’s 1:3; for derivatives, it’s 1:50;
•the function of cryptocurrency lending, securing a loan with one cryptocurrency at the expense of a deposit in another;
•the opportunity to earn extra money by participating in regular events at the Trading Arena;
•investment solution. The Supercharger allows you to flexibly invest free cryptocurrency funds;
•the ability to pay trading commissions with your own coin of the CRO platform with a partial refund;
•the crypto exchange provides a multicurrency wallet and a Visa Crypto.com plastic card with an 8% cashback.
👎 Disadvantages of Crypto.com:
•no fiat trading;
•the support service does not have a call center;
•there are no full-fledged training programs.
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.
Crypto.com Trading Signals
At Crypto.com the commission fee depends on the trader's trading level. There are 9 trading levels. They differ in the volume of trades over the last 30 days (calculated in US dollars). The higher the trading volume, the lower the commission. At the first level, the maker/taker commission is 0.40%. At the highest level, the ninth, the commission is 0.04% for the maker and 0.1% for the taker. Important! There are other commissions for derivatives trading, their size can be specified in the corresponding section of the site.
Reducing the commission is also possible due to the existence of CRO in the trader's account. All users are divided into 8 levels of CRO. At the first level, you have less than CRO 5,000 and your discount is only 10%. At the maximum level - the eighth, (with CRO 50,000,000 in the account), your discount is 100%, that is, you do not pay trading commissions at all.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.4% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Crypto.com 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.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
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.
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.