Cryptology 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 Cryptology trading signals. You will learn what kinds of trading signals Cryptology offers and what the conditions for using them are.
Short introduction of Cryptology
The Cryptology exchange is a Seychelles registered cryptocurrency platform founded in 2018. Initially, the platform was designed for exchange operations using cryptocurrencies. Later, futures trading was added to its functionality, and since 2021, a passive investment in the cryptocurrency service, Earn, has appeared. Trading on the exchange involves a proprietary terminal with a classic set of timeframes and technical analysis indicators.
| 💰 Account currency: | USD, EUR, RUB, and cryptocurrencies |
| 🚀 Minimum deposit: | 25 EUR/USD for bank cards. There is no limit for cryptocurrencies |
| ⚖️ Leverage: | up to 1:100 (on futures) |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, futures on cryptocurrencies |
| 💹 Margin Call / Stop Out: | N/A |
Cryptology Pros and Cons
👍 Advantages of trading with Cryptology:
•high level of protection against hacking, DDoS attacks, and other types of fraudulent activities;
•there is a “Deposit” product, which offers an interest rate on coins without a PoS algorithm. For example, the USDT stablecoin rate is 13-15% per annum;
•there is futures trading with leverage up to 1:100;
•visually convenient and functional trading platform;
•algorithmic futures trading is available. The platform has a built-in bot that opens transactions using a grid strategy.
👎 Disadvantages of Cryptology:
•relatively small selection of assets for exchange trading and staking;
•relatively high level of total commission;
•restrictions on withdrawals to bank cards.
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.
Cryptology Trading Signals
The experts at the Traders Union analyzed the trading conditions of the Cryptology exchange and the tariff policy. The exchange has a single commission for takers and makers, which is 0.2% of the transaction amount for spot trading. When trading futures, the commission for makers is 0.025%, and for takers, it’s 0.05%. Depositing with cryptocurrencies is free, the withdrawal fee depends on the chosen cryptocurrency. Depositing and withdrawing fiat money depends on the type of payment system, the commission for funding is 3.65% on average. A SEPA withdrawal is 7 EUR.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.2% trading commission excluding deposit and withdrawal costs | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Cryptology 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
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.
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, 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.