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Hoo Trading Signals - TU Expert review

Updated: November 26, 2023
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Full Hoo
overview
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Hoo Fees and Minimum Deposit

Table of Contents

  • Intro
  • Short introduction
  • Pros and cons
  • What are trading signals?
  • Hoo Trading Signals
  • Conclusions
  • FAQs
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

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 Hoo trading signals. You will learn what kinds of trading signals Hoo offers and what the conditions for using them are.

Short introduction of Hoo

The Hoo exchange is a platform for exchanging and trading cryptocurrencies and tokens. Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Tether, and others are among the renowned cryptocurrencies traded on the platform. The US dollar, Chinese yuan, and South Korean won are among the fiat currencies. In addition to spot trading, simplified trading and an OTC exchanger are offered. The use of PoSA (electronic point-of-sale) technology on the servers guarantees the speed of all operations within three seconds. The platform provides users with a free multi-currency wallet, and various deposit/withdrawal methods, including other cryptocurrency wallets and bank transfers. Investing in blockchain projects is also available. The company offers services for the sale and maintenance of mining equipment from the world's leading brands.

💰 Account currency: Cryptos, currencies
🚀 Minimum deposit: $1
⚖️ Leverage: 1:1
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, US dollar, Chinese yuan, South Korean won
💹 Margin Call / Stop Out: No

Hoo Pros and Cons

👍 Advantages of trading with Hoo:

•all popular cryptocurrencies and tokens are traded on the exchange;

•the pool of coins is constantly replenished (there is a voting service);

•three fiat currencies are presented — namely, dollar, yuan, and won;

•user-friendly and convenient trading terminal for the web;

•mobile application with an intuitive interface;

•lightning-fast speeds for trading operations;

•users have a free-of-charge multicurrency wallet;

•the opportunity to invest in blockchain projects;

•purchase, sale, and repair of mining equipment;

•low fees up to 0.2/0.2% for the taker/maker.

👎 Disadvantages of Hoo:

•no direct communication with managers (only tickets);

•website and web terminal crashes were recorded;

•no data about license and registration.

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.

Hoo Trading Signals

Information

Hoo’s trading fees are not fixed — they differ for taker and maker. They also differ depending on the trading level. There are seven trading levels:

  • zero (up to 10 points) — 0.2/0.2% for a taker/maker;

  • the first level (up to 100 points) — 0.16/0.16% for the taker/maker;

  • the second level (up to 1,000 points) — 0.14/0.14% for the taker/maker;

  • the third level (up to 10,000 points) — 0.12/0.10% for the taker/maker;

  • the fourth level (up to 100,000 points) — 0.10/0.05% for the taker/maker;

  • the fifth level (up to 2,000,000 points) — 0.05/0.0% for the taker/maker;

  • sixth level (more than 2,000,000 points)‚— 0.02/0.0% for a taker/maker.

Points are awarded for trade, exchange, and referral activity. And they are counted for the last 30 days. When you get a new trading level, at the next assessment, points for the next 30 days will be added to the existing points. From the fifth level, points are assessed every 60 days.

Account type Spread (minimum value) Withdrawal commission
Standard Per 0.2% per order Yes

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Hoo 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.

See related articles in our selection:

FAQs

In which form can signals be provided?

Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.

For what assets can trading signals be provided?

Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.

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.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

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.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

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.

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