Paymium Trading Signals - TU Expert review

Updated: November 30, 2023

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Official Paymium
website Full Paymium
overview

Your capital is at risk.

Paymium Trading Signals

Information

The analysis of the commissions done by the Traders Union specialists showed that Paymium’s approach to charging fees differs from that of other crypto exchanges. For makers, the fees are negative, meaning they don’t actually pay fees but earn income instead. For takers, the fees are up to 0.5%

Account type	Spread (minimum value)	Withdrawal commission
Standard	Starting at $0.99	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 Paymium

The Paymium cryptocurrency exchange was created in 2011 in France and is headquartered in Paris. Paymium is a subsidiary of UAB PAYRNET and is registered with the number 305264430. The company presents itself as the first Bitcoin exchange and is certified by the EU to provide payment services using digital currencies.
Paymium accommodates sellers and separate payment systems by receiving crypto payments without the risks associated with fluctuations in fiat rates.

💰 Account currency:	EUR, BTC, and ETH
🚀 Minimum deposit:	$1
⚖️ Leverage:	1:1
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies and P2P trading
💹 Margin Call / Stop Out:	No

Paymium Pros and Cons

👍 Advantages of trading with Paymium:

•Official registration with the French regulator L'Autorité des marchés financiers (AMF) with the number E2021-011;

•Its interface is not overloaded with unnecessary elements. Anyone can get comfortable with the functions of the exchange’s website;

•Secure service. Over 90% of the assets are stored in cold wallets;

•Centralization. This exchange’s business is regulated by the state and European regulatory bodies;

•A convenient interface and every client gets a personal manager;

•Minimum fees for working with crypto and fiat currencies;

•Commercial offers for large clients;

•Funds can be added to accounts in different ways, including SEPA and SWIFT.

👎 Disadvantages of Paymium:

•Limited number of cryptocurrency pairs;

•Deposits and withdrawals require mandatory verification;

•Limited number of language versions of the website.

Conclusion

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

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.

Can I lose money by trading signals?

Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.