Emirex Trading Signals - TU Expert review

Updated: December 20, 2023

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Official Emirex
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Emirex Trading Signals

Information

Specialists at the Traders Union checked the commission costs of the exchange and found that the exchange commission depends directly on the types of assets traded. For example, for EMRX/USDT and EMRX/BTC pairs, the commission is 0.3%. The commission for the T69/USDT pair is 0.25%, and for the rest of the pairs, it is 0.1%. The crypto exchange does not charge a commission when crediting fiat funds from a bank card using SEPA or SWIFT payment methods.
Commission for withdrawal of fiat money for EUR: SEPA - 20 EUR; MasterCard - 3.2% of the withdrawal amount + 1 EUR; and VISA - 2.2% of the withdrawal amount + 4 EUR. Commission for withdrawal of fiat money for USD: MasterCard (double conversion) - 3.2% of the withdrawal amount + 1 EUR; and VISA - 2.2% of the withdrawal amount + 4 USD.
There is no commission charged for depositing cryptocurrencies to the balance. With few exceptions, commission costs are removed if you need to withdraw a digital asset.

Account type	Spread (minimum value)	Withdrawal commission
Standard	From $10	Yes

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.

Short introduction of Emirex

Emirex is an exchange that allows you to conduct transactions with cryptocurrencies. The exchange has been operating since 2017 and was formerly known as the BitMeEx. Emirex focuses on working with digital assets in the Middle East. Despite this, the exchange also provides the necessary tools for trading in the international cryptocurrency market. In particular, traders from Africa, Asia, and Europe use Emirex as their main crypto exchange.

💰 Account currency:	RUB, USD, EUR, and other fiat currencies and cryptocurrencies
🚀 Minimum deposit:	$20 ⠀
⚖️ Leverage:	No
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies, P2P trading, and tokenized shares
💹 Margin Call / Stop Out:	No

Emirex Pros and Cons

👍 Advantages of trading with Emirex:

•relatively low commission;

•availability of the proprietary native EMRX token, which is accrued for activity on the platform;

•optional verification in case of spot trading;

•proprietary ecosystem based on a native token;

•availability of two versions of the website and platform: local and international;

•possibility to withdraw money directly to a bank card;

•wide range of functions for additional passive earnings;

•high speed of operation: the platform works quickly regardless of the performance of the operating device.

👎 Disadvantages of Emirex:

•differences in the functions between the global and the local versions are caused by the local version having more advanced tools;

•the requirement to verify your personal data before you can use a bank card;

•multi-level account identification;

•dynamic captcha.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Emirex 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 trading signals depend on the account type?

Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.

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.

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.