FatBTC 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 FatBTC trading signals. You will learn what kinds of trading signals FatBTC offers and what the conditions for using them are.
Short introduction of FatBTC
The FatBTC cryptocurrency exchange is a multifunctional platform for exchanges, commodities, and over-the-counter cryptocurrency trading. You can trade Bitcoin (₿), Ethereum (Ξ), USDS, DOGE, dozens of other cryptocurrencies and tokens. Only the USD and EUR are presented from among the fiat currencies. The site has its proprietary FAT coin, which can be used to reduce fees by 50%. The trading fees themselves are lower than the market average of 0.2% fixed cost for most assets. In addition to the trading terminal in the browser, there is a mobile trading app. The company offers a flexible listing via its proprietary program of open partnership called the FatCloud. The referral program is standard and only one-level. Its investment direction is represented by the Piggy Bank FatBTC program.
| 💰 Account currency: | Cryptos, USD, and EUR |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, currencies |
| 💹 Margin Call / Stop Out: | No |
FatBTC Pros and Cons
👍 Advantages of trading with FatBTC:
•loads of cryptocurrencies and tokens; the site's FAT token, which can be used to reduce trading commissions;
•simplistic, intuitive trading terminal, plus an app for mobile trading;
•low fees — fixed at 0.2% for taker and maker (for some assets there are special conditions);
•the token pool is constantly updated due to free listing (you can put your coin on the platform in a few clicks);
•it is not compulsory to pass the KYC verification to trade (but there will be a limit on the withdrawal — up to 2 BTC per day);
•the high-performance engine provides stability of the platform even under peak loads; trading is 24/7;
•a profitable referral program that allows you to earn 50% of your partners' fees.
👎 Disadvantages of FatBTC:
•No demo accounts or specialized solutions for novice traders;
•No call center, you can get in touch with the technical support only through tickets, email, and the Telegram channel.
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.
FatBTC Trading Signals
The FatBTC cryptocurrency exchange offers a democratic system of commissions. There are no trading levels on the platform, which means that there is no need to trade a certain amount to get an advantageous commission. From the moment of registration at the site, the transaction fee for most assets is 0.2%. It does not differ for a taker or a maker.
Fees can be reduced by 50% by using a FAT token. To do so, you need to have enough pad tokens in your account to pay the fee. After activating the appropriate option, FAT will be prioritized for trading fees and their amount will be halved to 0.1%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.2% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that FatBTC 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
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.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
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.