VALR Trading Signals - TU Expert review

Updated: October 22, 2023

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full VALR
overview

VALR Trading Signals

Information

VALR crypto exchange offers a simplistic and transparent system of commission charges. Registration and account maintenance are free of charge, and there are no fees for making a deposit. The fee for withdrawing fiat to South African banks is 8.50 ZAR, and withdrawal to banks in other countries is not possible. There are no restrictions on withdrawals to electronic and cryptocurrency wallets, as well as accounts.
The exchange fee is 0.75% of the transaction amount, regardless of the assets involved and the transaction volume. For exchange trading, fees are also fixed but differ for the taker and the maker. The taker's fee is 0.1%, the maker's fee is 0.01%. Hence, the site pays extra to the maker for the deal.
A decrease in commission charges is possible with an increase in the level of the referral program. The maximum discount on commission fees is available at the third level, which is 15%. As additional savings, you can receive rebates through Traders Union.

Account type	Spread (minimum value)	Withdrawal commission
Standard	Up to 0.1% per order	Yes

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 VALR

The VALR exchange is a renowned cryptocurrency trading platform. Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and other cryptocurrencies are at your disposal for trading here. Instantaneous exchange and margin trading are available (but no leverage). Of the fiat funds, only the South African rand is represented. The crypto exchange has a web version of the trading terminal and applications for iOS and Android for mobile trading. The site offers a referral program with four levels of reward. Traders' assets are stored in the Bittrex system, and the platform uses several levels of security to protect users' funds. Fees are fixed and are below the market average.

💰 Account currency:	Cryptos, currencies
🚀 Minimum deposit:	$1
⚖️ Leverage:	1:1
💱 Spread:	Market
🔧 Instruments:	Cryptos, ZAR
💹 Margin Call / Stop Out:	No

VALR Pros and Cons

👍 Advantages of trading with VALR:

•a plethora of cryptocurrencies for exchange and trade;

•functional and easy-to-learn trading terminal;

•the presence of an author's application for mobile trading;

•lucrative referral program with discounts and rewards;

•top-tier level of protection of data and user funds;

•all major options for depositing and withdrawing funds;

•low fixed fees for trading operations;

•Crypto4Covid Fund for Covid-19 Affected People.

👎 Disadvantages of VALR:

•the exchange does not offer tutorials;

•only South African rand is presented as fiat;

•communication with technical support can be initiated exclusively through tickets.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that VALR 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

Are there fees charged for trading signals?

Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.

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.

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.