VALR 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 VALR trading signals. You will learn what kinds of trading signals VALR offers and what the conditions for using them are.
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.
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.
VALR Trading Signals
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 |
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
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.