Paribu 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 Paribu trading signals. You will learn what kinds of trading signals Paribu offers and what the conditions for using them are.
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.
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.
Paribu Trading Signals
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 |
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.
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FAQs
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
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 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.