NDAX 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 NDAX trading signals. You will learn what kinds of trading signals NDAX offers and what the conditions for using them are.
Short introduction of NDAX
The Canadian NDAX exchange is a cross-functional trading platform for cryptocurrency and coins. You can find here pairs with Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, Cardano, and other assets. Only the Canadian dollar represents fiats. The website has a standard trading terminal, an API, an OTC trading service, and a three-level referral program. Moreover, trading fees are fixed at 0.2% and don’t depend on trading volumes. There are no demo accounts and no minimum deposit. The exchange is positioned as one of the most stable and fastest in the region. Transactions are quick, and all transfers with the participation of cryptocurrencies are carried out instantly, while transfers with the Canadian dollar take no more than 1 business day for deposits and withdrawals. The website is officially registered, and its license is valid.
| 💰 Account currency: | Cryptocurrencies, CAD |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, CAD |
| 💹 Margin Call / Stop Out: | No |
NDAX Pros and Cons
👍 Advantages of trading with NDAX:
•variety of cryptocurrency-to-cryptocurrency pairs;
•the Canadian dollar is traded with almost all cryptocurrencies and coins;
•high transaction speeds for trades, deposits, and withdrawals;
•high level of platform security provided by multi-level encryption;
•fixed trading commissions of 0.2% don’t depend on the trading volume and other factors;
•there are no deposit fees; withdrawal fees are low and fixed and don’t depend on the withdrawal amount;
•integrated OTC trading service and institutional account solutions;
•instant crypto function for the free transfer of cryptocurrencies, coins, and fiats between exchange clients.
👎 Disadvantages of NDAX:
•no investment solutions;
•there are no solutions for novice traders (for example, demo accounts).
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.
NDAX Trading Signals
The trading commission is standard for all activities. It is always 0.2% for a taker and a maker, regardless of the pairs traded, trading volumes, etc. The only thing that can affect the size of the commission is getting bonuses from the Traders Union. The "Commissions" section of the website provides an online calculator for calculating a trading commission based on the volume of a transaction.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.2% per transaction | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that NDAX 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.
- Questrade Trading Signals
- LATOKEN Trading Signals
- City Index Trading Signals
- ProBit Trading Signals
- HugosWay Trading Signals
- MultiBank Trading Signals
- TopstepTrader Trading Signals
- Fortrade Trading Signals
- GAIN Capital Trading Signals
- M4Markets Trading Signals
- ApolloX Trading Signals
- FINAM Trading Signals
- Cryptology Trading Signals
- Forex.ee Trading Signals
- AEX Trading Signals
- LCG Trading Signals
- OKEx Trading Signals
- ADSS Trading Signals
- Just2Trade Trading Signals
- CoinTiger Trading Signals
- CoinW Trading Signals
- ZB.com Trading Signals
- Windsor Brokers Trading Signals
- Icon FX Trading Signals
- Deribit Trading Signals
- BLACKWELL GLOBAL Trading Signals
- Weltrade Trading Signals
- Exclusive Capital Trading Signals
- Forex4you Trading Signals
- EXMO Trading Signals
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.
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
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.