Paribu Trading Signals - TU Expert review

Updated: October 11, 2023

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full Paribu
overview

Paribu Trading Signals

Information

There are fixed trading commissions on the site. For a taker, the commission is 0.35% of the transaction amount and 0.25% for a maker. There are two ways to reduce the commission. The first way is to increase the trading volume up to 100 thousand lira or more (it is not necessary to trade lira, transactions with all assets shall be included at the equivalence). The trading volume is evaluated every 30 days. If it goes below 100 thousand lira, the commissions shall be returned to the original ones. Discounted commission for trading volume is fixed in the amount of 0.15% for taker and maker. The second way to save on trading fees are bonuses in the form of rebates from the Traders Union according to the above algorithm.

Account type	Spread (minimum value)	Withdrawal commission
Standard	up to 0.35% per application	Yes

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.

Short introduction of Paribu

The Paribu cryptocurrency exchange is among the leading players in Turkey. It is well known in Europe and popular among traders in other regions due to its large number of assets, significant trading volume, and simplified functionality compared to its competitors. US residents cannot trade on this exchange. Bitcoin (₿), Litecoin (Ł), Ripple, Cardano, Tron, dozens of other cryptocurrencies and tokens are the main traded assets. The pool of assets is constantly expanding due to the open listing. Trading is carried out in cryptocurrency-fiat and USDT/all other cryptocurrency asset pairs and this shall be considered an important feature of the exchange. Only Turkish lira is available as a fiat. Market average commissions can be reduced by increasing the trading volume. There is no minimum deposit and withdrawal fees are low. The exchange doesn’t offer referral programs or investment solutions.

💰 Account currency:	Cryptocurrencies, TYR
🚀 Minimum deposit:	No
⚖️ Leverage:	No
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies, TYR
💹 Margin Call / Stop Out:	No

Paribu Pros and Cons

👍 Advantages of trading with Paribu:

•a large variety of cryptocurrencies and tokens, and the list is constantly expanding;

•the exchange operates twenty-four/seven;

•secure interbank ETF transactions;

•the most simplified platform functionality;

•high speed of transactions and transfers;

•a mobile trading application for iOS and Android;

•medium commissions, large limits, comfortable trading.

👎 Disadvantages of Paribu:

•there is no sale/purchase for crypto-crypto pairs, except when coupled with USDT coins;

•there are no other fiat funds besides the Turkish lira;

•There are no investment solutions.

Conclusion

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

Can trading signals be provided for free?

Brokers may offer free and paid trading signals.

For what assets can trading signals be provided?

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

How are the signals provided via a newsletter?

A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.