Tidex 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 Tidex trading signals. You will learn what kinds of trading signals Tidex offers and what the conditions for using them are.
Short introduction of Tidex
Tidex Exchange offers access to trading dozens of cryptocurrencies and tokens, including Bitcoin, Litecoin, Ethereum, Tether, DOGE, TDX, WEST and other assets. The US dollar (USD) is the only available fiat currency. The exchange is well known in the global market thanks to its beneficial trading conditions – the fees are fixed and for the majority of cryptocurrencies the fees are 0% for the makers and 0.1% for the takers. The fees do not depend on the trading volume, but they can be reduced by 5-90% through the holding TDX (the platform’s token). The exchange also offers the universal passive income system – staking with up to 25% per annum and without freezing of the funds on the account. As for the additional features, the platform offers a Referral Program and loan system with TDX as collateral. The exchange has API; the listing is open and any person can submit a request to add their token to the pool.
| 💰 Account currency: | Cryptocurrencies, USD |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
Tidex Pros and Cons
👍 Advantages of trading with Tidex:
•Dozens of popular cryptocurrencies and tokens, and US dollar of the fiat money are traded at the exchange;
•No minimum deposit and no limitations on trading strategies, the limits are appropriate;
•Staking for passive income without freezing of the funds on the account and with daily accrual;
•Referral program with 30% bonus from the partners’ trading fees;
•Holding TDX, the token of the platform, allows you to considerably reduce trading fees;
•The platform provides its clients with an open API for cross-platform trading.
👎 Disadvantages of Tidex:
•No application for mobile trading;
•No demo accounts.
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.
Tidex Trading Signals
Tidex charges trading fees. Trading fees are fixed for all assets; they do not depend on the chosen instrument or the transaction volume. The client’s trading volume also does not affect the fees, as is the case with many other platforms. Therefore, a novice trader, who just registered at the exchange, has the same conditions as a professional.
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0% for the maker;
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0.1% for the taker.
The clients of the exchange also have an opportunity to reduce trading fees through the TDX token. This is the platform’s own coin, which is actively traded. The more TDX the client has on their account, the lower are the fees. There are nine levels based on the number of TDX on the client’s account. At the first level (500 coins on the account, the discount on the fees is 5%. At the ninth level (100,000 coins on the account), the discount is 90%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.1% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Tidex 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
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 reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
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.
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.