Huobi Global 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 Huobi Global trading signals. You will learn what kinds of trading signals Huobi Global offers and what the conditions for using them are.
Short introduction of Huobi Global
Huobi Global (pronounced “haw-be”; with “huo” meaning “hot” or “popular” and “bi” meaning “coin” or “currency” = “popular currency”) is a global cryptocurrency exchange that was founded in China but is headquartered in Seychelles. The work of the international company Huobi Global started in 2013. The cryptocurrency exchange allows traders to carry out transactions with a variety of assets, including about 300 currency pairs and cross rates. There is no information on whether this company is licensed and the exchange hasn’t received any awards during its brief activity. More about the safety of cooperation with Huobi.
| 💰 Account currency: | Account replenishment is possible in all currencies and cryptocurrencies provided by the exchange |
| 🚀 Minimum deposit: | 1 USDT / 0,0005 BTC |
| ⚖️ Leverage: | Up to 1:200 |
| 💱 Spread: | No |
| 🔧 Instruments: | Cross rates, currency pairs |
| 💹 Margin Call / Stop Out: | No |
Huobi Global Pros and Cons
👍 Advantages of trading with Huobi Global:
•a vast array of trading instruments;
•the minimum level is US$1;
•the site is integrated for clients worldwide.
👎 Disadvantages of Huobi Global:
•lacks a demo account;
•few ways to contact support;
•the activities of the cryptocurrency exchange are not licensed or regulated by any authority;
•clients' financial assets are not protected by segregated accounts or compensation payments in the event of an exchange liquidation;
•there are no training materials or courses for users on its website.
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.
Huobi Global Trading Signals
Traders Union specialists checked the Huobi Global cryptocurrency exchange for the presence of explicit and hidden fees. No hidden fees were found, and the trading fee for opening orders is 0.2%. The exchange does not charge users a trading fee for deposits or withdrawals, but be careful because commissions are often set by payment systems (Visa, PayPal, etc.)
| Account type | Spread (minimum value) | Withdrawal commission |
| Standart | $18 | Absent |
Conclusion
Analysis of trading signals provided by Huobi Global showed that the broker offers a good investment program. The company provides very good trading conditions for trading signals, a wide choice of instruments, for which the signals are provided, and many options for receiving them. Huobi Global trading signals are reliable. However, keep in mind that even the most reliable investment program carries the risk of possible loss.
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FAQs
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
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 I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
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.