TOKOK 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 TOKOK trading signals. You will learn what kinds of trading signals TOKOK offers and what the conditions for using them are.
Short introduction of TOKOK
The TOKOK cryptocurrency exchange offers beneficial conditions for buying and selling cryptocurrency. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether, DASH, TRON, dozens of other cryptocurrencies and tokens are traded on the site. Fiat money is not represented. The TradingView terminal is available in a browser, and there are applications for mobile trading for iOS and Android devices. A free-of-charge listing Bitcoin is available, thanks to which the pool of tokens is constantly replenished. The platform provides several options for investing in projects, including direct investments in the development of financial instruments, a mining pool, and staking. There is a single-level referral program. The standard fee is 0.2%. It can be reduced by rebates from Traders Union and through the purchase of TOK, the site's token.
| 💰 Account currency: | Cryptos, currencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, currencies |
| 💹 Margin Call / Stop Out: | No |
TOKOK Pros and Cons
👍 Advantages of trading with TOKOK:
•loads of cryptocurrencies and tokens, open listings, and a proprietary token;
•cold storage of assets, high level of information security;
•simplistic and convenient trading terminal, and apps for mobile devices;
•extensive opportunities for passive income (profitable investment);
•perpetual referral program with payouts of up to 33% of partners' commissions;
•opportunity to reduce commission through the purchase of tokens on the site;
•no minimum deposit.
👎 Disadvantages of TOKOK:
•No demo accounts, training guides, or specialized solutions for novice traders;
•You can reach out to the technical support only through the ticket system and by email.
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.
TOKOK Trading Signals
The TOKOK crypto exchange has a 0.2% fee on trading transactions (except for special cases). The fee is fixed and does not depend on the pair, transaction volume, or user's trading volume (there are no trading levels on the platform). The commission can be reduced by 50% (or less) if you use a TOK coin for redemption. To this end, you need to have enough TOK in your account and activate the appropriate option in myAlpari.
| 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 TOKOK 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 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.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
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.
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.