Emirex 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 Emirex trading signals. You will learn what kinds of trading signals Emirex offers and what the conditions for using them are.
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.
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.
Emirex Trading Signals
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 |
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.
- ZT Exchange Trading Signals
- OvalX Trading Signals - ETX Capital Review by TU Expert
- XM Broker Trading Signals
- ROInvesting Trading Signals
- Cryptopay Trading Signals
- BitBay Trading Signals
- Bitfinex Trading Signals
- Amana Capital Trading Signals
- Trademax Trading Signals
- StormGain Trading Signals
- BAXTER-FX Trading Signals
- Coinbase Trading Signals
- LiteForex Trading Signals - LiteFinance Review by TU Expert
- HugosWay Trading Signals
- Eightcap Trading Signals
- GTC Trading Signals
- CAPEX Trading Signals
- Yadix Trading Signals
- XT.com Trading Signals
- ICM Capital Trading Signals
- Squared Financial Trading Signals
- HYCM Trading Signals
- Buda Trading Signals
- TeleTrade Trading Signals
- CryptoRocket Trading Signals
- Cryptology Trading Signals
- Rakuten Securities Trading Signals
- ActivTrades Trading Signals
- KuCoin Trading Signals
- FP Markets Trading Signals
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.
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.