GOPAX 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 GOPAX trading signals. You will learn what kinds of trading signals GOPAX offers and what the conditions for using them are.
Short introduction of GOPAX
GOPAX is a digital asset exchange founded by the Streami Inc. tech company in 2017. The cryptocurrency exchange is officially registered in Korea with offices in Korea, Hong Kong, and Denver. Its license number is 432-87-00120.
Within a relatively short period, the exchange has gained an audience of more than 376 thousand traders, which has provided it with a confident position in the list of the Top 10 Exchanges in the World. GOPAX is a centralized exchange for trading digital assets, which means that there is supervision from the state and global regulatory authorities.
| 💰 Account currency: | USDC, KRW |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, USDC, KRW |
| 💹 Margin Call / Stop Out: | No |
GOPAX Pros and Cons
👍 Advantages of trading with GOPAX:
•possession of an official license no. 432-87-00120 confirming that its financial activities are legal;
•the ability to trade various cryptocurrency pairs;
•optimal commission costs;
•the possibility of personal trading, i.e., working with experienced traders who select transactions that keep the client nearly always in the black;
•daily update of the markets;
•verification can be completed on the website without the need to download the mobile app;
•centralization — every transaction will be tracked by the regulator;
•deep liquidity;
•rapid regulation of markets.
👎 Disadvantages of GOPAX:
•the website has poor support for languages other than Korean;
•without mandatory verification, it will not be possible to make a deposit or withdraw earned funds;
•there are strict rules for using the exchange, and non-compliance may result in the trading account being blocked for an indefinite period.
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.
GOPAX Trading Signals
Experts at the Traders Union analyzed the commissions of the GOPAX cryptocurrency exchange. During their analysis, it was found that commission costs are formed taking into account the type of digital asset. Most cryptocurrencies, including BTC and ETH, can be deposited for free. The commission for withdrawal to a cryptocurrency wallet will be 0.001 for BTC and 0.016 for ETH.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From $20 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that GOPAX 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
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.
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.
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
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.