LATOKEN 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 LATOKEN trading signals. You will learn what kinds of trading signals LATOKEN offers and what the conditions for using them are.
Short introduction of LATOKEN
The LATOKEN cryptocurrency exchange is a universal platform for exchanging, buying, and selling cryptocurrencies and tokens. Bitcoin, Ethereum, Litecoin, Tether, TRX, EOS, LA, and dozens of other assets are traded on the exchange. There is no fiat trading on this platform. There is margin swap trading on crypto-crypto pairs, as well as trading on leveraged perpetual contracts. The exchange has a referral program with bonus payments, there is the possibility of passive earnings through staking deposits in DeFi coins, and investing in developing blockchain projects. LATOKEN gives you a free listing and the possibility to arrange investments for your own project. Trading commissions are below the market average at 0.49% for a taker/maker at the first level with a minimum trading volume.
| 💰 Account currency: | Cryptocurrencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:2 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
LATOKEN Pros and Cons
👍 Advantages of trading with LATOKEN:
•on the exchange, you can trade Bitcoin, dozens of altcoins, and the most popular tokens;
•after registration, each user receives a welcome bonus in tokens;
•advantageous referral program for which you and your referral receive $50 each;
•functional proprietary mobile application developed for iOS and Android gadgets;
•comfortable and favorable conditions for investment programs such as staking, deposits in DeFi and large blockchain projects;
•the opportunity to introduce your own coin to the platform and offer your project for investment;
•99.5% of assets are cold stored;
•Security: 2FA authentication, TLS encryption, and DDOS protection.
👎 Disadvantages of LATOKEN:
•no demo accounts or tutorials for novice crypto traders;
•communication with the technical support of the platform is available only by email and through tickets;
•fiats are not traded on the LATOKEN cryptocurrency exchange because the platform has only cryptocurrencies and tokens.
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.
LATOKEN Trading Signals
The LATOKEN cryptocurrency exchange charges commission fees for all trading operations. For margin trading, the amount of the fee depends on the user’s trading level. It is determined by the volume of trades over the last 30 days. There are nine trading levels in total. The commission at the lowest level (first level) that involved trades up to USD 10,000 in the previous 30 days) is 0.49% for a taker/maker. The commission at the highest level (the ninth level) that involved trading over 20 million US dollars in the previous 30 days is 0% for the maker and 0.04% for the taker.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | up to 0.49% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that LATOKEN 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
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
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.