STEX 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 STEX trading signals. You will learn what kinds of trading signals STEX offers and what the conditions for using them are.
Short introduction of STEX
The STEX (Spot Trading Exchange) exchange is a platform where you can exchange and trade cryptocurrencies where all popular cryptocurrencies and tokens are available for exchange, as well as several dozens of fiat funds. Transactions can be carried out via direct payment by bank card. Pairs with Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), LINK, DAI, and a variety of other cryptocurrencies and tokens are available for limit and stop-limit order trading. The exchange has low trading fees (up to 0.2%), which depend not on the volume of trades, but on the type of service that the client used for verification. There are no demo accounts or training materials, but there is no minimum deposit either. There is a profitable referral program. Also, the site offers a unique program of investment in the blockchain project called Jointer with daily payments.
| 💰 Account currency: | Cryptos and tokens |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos and tokens |
| 💹 Margin Call / Stop Out: | No |
STEX Pros and Cons
👍 Advantages of trading with STEX:
•loads of cryptocurrencies and tokens to trade and exchange for fiat currencies;
•2FA authentication, PGP key, and web authentication;
•customer funds are kept cold and segregated;
•availability of TradingView terminal and mobile trading application;
•IP whitelisting, log in via Google, Microsoft, or Linkedin;
•less than one-second order processing;
•off-the-charts stability;
•high-profile advanced charting features;
•referral payments: 25% of partner's trading fees;
•opportunity to reduce commissions to 0.1%;
•no withdrawal limits (only for L1 tier).
👎 Disadvantages of STEX:
•no demo account or solutions for beginners;
•no call center, the connection with the technical support is by email only;
•no information about the license of the company.
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.
STEX Trading Signals
Trading operations fees on STEX are fixed. They do not depend on the volume of trading and other factors within the platform or market. The fees are determined at the start of the verification option (data confirmation). The following options and their corresponding commissions are available:
-
Level 1 (L1) - 0.2% for users verified through the site service (withdrawal limit — up to $500,000 per day);
-
Level 2 (L2) - 0.15% for users verified via STEX, Smart-ID, or Fractal;
-
Level 3 (L3) - 0.1% for users verified through Cryptonomica.
There is only one way to reduce commissions after verification which is by using rebates from the Traders Union. But even the L1 level commission of 0.2% for a taker/maker is below average in the market segment.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.2% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that STEX 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.
- SimpleFX Trading Signals
- BTC-Alpha Trading Signals
- easyMarkets Trading Signals
- Unocoin Trading Signals
- Squared Financial Trading Signals
- CoinTiger Trading Signals
- CoinField Trading Signals
- Crypto.com Trading Signals
- BFB Capital Trading Signals
- VirgoCX Trading Signals
- OneTrade Trading Signals
- IFC Markets Trading Signals
- Upbit Trading Signals
- Fidelity Trading Signals
- Quidax Trading Signals
- Gerchik&Co Trading Signals
- Vantage FX Trading Signals - VantageFX Review byTU Expert
- FOREX CLUB Trading Signals
- Emirex Trading Signals
- StormGain Trading Signals
- OvalX Trading Signals - ETX Capital Review by TU Expert
- FxGrow Trading Signals
- Exinity Trading Signals
- RoboMarkets Trading Signals
- FBS Trading Signals
- Trade Nation Trading Signals
- Yadix Trading Signals
- CGS-CIMB Securities Trading Signals
- GOPAX Trading Signals
- XM Broker Trading Signals
FAQs
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.
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.
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.
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.