EXMO 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 EXMO trading signals. You will learn what kinds of trading signals EXMO offers and what the conditions for using them are.
Short introduction of EXMO
The EXMO crypto exchange is a platform for exchanging and trading cryptocurrencies. There’s Bitcoin (₿), Ethereum (Ξ), Cardano, Algorand, Bitcoin Cash, and dozens of other cryptocurrencies, as well as tokenized assets. There is a purchase and sale for fiat funds, such as USD, EUR, GBP, PLN, TRY, and KZT. The platform offers three types of transactions: P2P exchange, advanced exchange trading with full functionality, and margin trading. The company has its own trading terminal, represented by a web version and a mobile application. The typical interface is intuitive and has a wide range of customization options. All standard payment systems are available, including Visa cards, QIWI e-wallet, PAYEER, SEPA. Users are provided with a multi-currency wallet.
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
| 🚀 Minimum deposit: | ₿0.002 |
| ⚖️ Leverage: | 1:3 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
EXMO Pros and Cons
👍 Advantages of trading with EXMO:
•low trading commissions (from 0.05/0.05 for a maker/taker);
•hot and cold storage methods for cryptocurrencies;
•extended verification of AML/KYC users;
•a large number of channels for depositing and withdrawing funds;
•simplicity and intuitiveness of the trading terminal interface;
•high-level of security for funds and data on the platform;
•cashback program allows you to save up to 100% in commission fees;
•referral program with payments up to 40% of partner commissions.
👎 Disadvantages of EXMO:
•no training programs;
•no investment programs;
•no call center.
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.
EXMO Trading Signals
The EXMO's commission and fees depend directly on the trading level. A similar system is used today by almost all crypto exchanges. The idea of the multiple-level system is that the larger the user's trading volume, the lower the commission fees for him. There are 11 trading levels on the EXMO exchange. With the Minimum level that has a volume of up to $5,000 in 30 days, the maker/taker commission is 0.3/0.3%. At the highest level, which has a trading volume from $20,000,000, the maker/taker commissions will be -0.05/0.05%, respectfully.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.3% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that EXMO 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
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
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.
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.