ProBit 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 ProBit trading signals. You will learn what kinds of trading signals ProBit offers and what the conditions for using them are.
Short introduction of ProBit
The ProBit exchange has been providing traders with services for buying, selling, and storing crypto assets since 2017. The list of currencies is constantly expanding. At the moment, over 800 altcoins can be traded on the exchange, as well as Bitcoin and the exchange's proprietary token called PROB. The number of traders registered on ProBit Global is over 3 million, a third of them are active market participants who trade through this exchange regularly. In addition to trading cryptocurrency pairs, ProBit offers solutions for passive investors such as staking, algorithmic trading, and an affiliate program.
| 💰 Account currency: | BTC, ETH, XRP, and other cryptocurrencies |
| 🚀 Minimum deposit: | ₿0.0005 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | 0.03-0.2% |
| 🔧 Instruments: | Over 800 cryptocurrencies and tokens |
| 💹 Margin Call / Stop Out: | No |
ProBit Pros and Cons
👍 Advantages of trading with ProBit:
•the size of the minimum deposit is available even to a novice trader and it is just ₿0.0005 (BTC);
•competitive trading commissions;
•a functional trading platform with the ability to place both market and limit orders of various types;
•a wide variety of digital assets available for transactions;
•no deposit and withdrawal fees from the exchange;
•several options for gaining passive income;
•the opportunity to reduce trading commissions and increase the size of the referral bonus through the use of the exchange's token.
👎 Disadvantages of ProBit:
•margin trading is unavailable;
•exchange doesn’t allow withdrawal of earnings in fiat currencies;
•slow speed of support service;
•lack of online chat on the site and in trading applications.
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.
ProBit Trading Signals
The standard trading commission on the ProBit exchange is 0.2% of the transaction amount for both the tokenizer and the maker. However, its clients can reduce the number of fees if they participate in the staking of native PROB tokens or pay them the exchange fee. Depending on the number of PROBs involved, a client is assigned a status from VIP 1 to VIP 11. For example, the trader, who deposited 500-3000 PROBs into his wallet, gets VIP 1 status, which gives him a 10.5% discount on the commission. Thus he will pay the exchange not the standard 0.2%, but 0.19%, and in the case of payment using the PROB token, he will pay 0.17%. The lowest commission threshold on ProBit Global is 0.03%. ProBit doesn’t withhold deposit or withdrawal fees, but payments are made with the withholding of network fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.2% of the transaction amount = $2 per trade volume of $1,000 | There is a fee for transactions in a blockchain |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that ProBit 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.
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
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.