Tokocrypto 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 Tokocrypto trading signals. You will learn what kinds of trading signals Tokocrypto offers and what the conditions for using them are.
Tokocrypto Trading Signals
The commission at Tokocrypto depends on the trading volume in the last 30 days. A base rate of 0.1% applies to makers whose turnover does not exceed BTC 50. In the event of in trading volume increase, the commission is reduced to 0.09-0.02%. Takers also pay the exchange 0.1% of the trade amount, however, for them, a reduction in the rate to 0.09% is possible only if the turnover increases to BTC 4,500 per month. The minimum commission for takers is 0.04%. There are no exchange fees for deposits. The withdrawal fee depends not only on the cryptocurrency but also on the token type. For example, for Bitcoin, Tokocrypto withholds BTC 0.0002-0.0005, and for BIDR, it is 5,500 rupees. Some coins are withdrawn without commission.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | $1 per $1,000 trade | Yes. For most cryptocurrencies |
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 Tokocrypto
The Tokocrypto platform was launched in Indonesia in September 2018. Since 2020, it has been actively cooperating with Binance, the international exchange. In the same year, it introduced TKO (TokoToken) — a service token and a mobile trading application of its own design. At the moment, more than 2 million traders cooperate with Tokocrypto. They can trade more than 300 pairs, both independently and using artificial intelligence. Tokocrypto exchange affiliates offer their customers ready-made universal and individual bots, as well as paid and free signals. Today, Tokocrypto combines several cryptocurrency services, including a platform for selling NFT tokens.
| 💰 Account currency: | IDR, cryptocurrencies |
| 🚀 Minimum deposit: | IDR 50,000 when depositing in BIDR, IDR 100,000 when depositing other cryptocurrencies or rupiah |
| ⚖️ Leverage: | Not provided |
| 💱 Spread: | Over 300 cryptocurrency pairs |
| 🔧 Instruments: | No data |
| 💹 Margin Call / Stop Out: | No |
Tokocrypto Pros and Cons
👍 Advantages of trading with Tokocrypto:
•high-security level — protection of the mobile application with two-factor authentication and client funds’ storage in cold wallets;
•the possibility to combine different trading strategies, both active and passive;
•simple registration and fast verification;
•competitive commissions for the exchange of cryptocurrencies and withdrawal of funds;
•intuitive interface of trading platforms, excellent functionality;
•round-the-clock support in online chat and through popular instant messengers;
•existence of an affiliate program, regular discounts, bonuses, and contests among existing customers.
👎 Disadvantages of Tokocrypto:
•there is no possibility to trade with leverage;
•of fiat currencies, only the Indonesian rupiah (IDR) is available;
•to reduce exchange fees, a trading turnover of BTC 50 is required.
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Tokocrypto 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.
- Quidax Trading Signals
- LiteForex Trading Signals - LiteFinance Review by TU Expert
- ZT Exchange Trading Signals
- Alpari Trading Signals
- Turnkey Forex Trading Signals
- easyMarkets Trading Signals
- Questrade Trading Signals
- Fidelcrest Trading Signals
- 4XC Trading Signals
- SimpleFX Trading Signals
- Thinkorswim by TD Ameritrade Trading Signals
- Lbank Trading Signals
- Luno Trading Signals
- ICM Capital Trading Signals
- ActivTrades Trading Signals
- BitBay Trading Signals
- RoboForex Trading Signals
- Khwezi Trade Trading Signals
- Interactive Brokers Trading Signals
- OctaFX Trading Signals
- BDSwiss Trading Signals
- Fusion Markets Trading Signals
- NPBFX Trading Signals
- FTMO Trading Signals
- XM Broker Trading Signals
- FxGlory Trading Signals
- CoinEx Trading Signals
- XTrend Speed Trading Signals
- GOPAX Trading Signals
- Bitstamp 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.
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
Related Articles
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.