XT.com 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 XT.com trading signals. You will learn what kinds of trading signals XT.com offers and what the conditions for using them are.
Short introduction of XT.com
The XT.com exchange is a platform for P2P exchange and cryptocurrency sales, including derivatives and margin trading. This is also an exchange for fiat funds. The peculiarity of the cryptocurrency exchange is that it issues its proprietary cryptocurrency and provides users with software for mining. Bitcoin, Ethereum, Litecoin, Tether, Tron, Ripple, and other cryptocurrencies are traded on the website, with over 120 instruments provided here in total. There are tokenized assets. The leverage can be up to 125x depending on the selected asset. Any strategy can be used on the cryptocurrency exchange, including scalping. There are stop loss and profit functions. The storage method for cryptocurrencies is cold. Replenishment and withdrawals are possible from bank cards and accounts to bank cards and accounts. A standard affiliate program and special bonuses for blockchain members are offered.
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
| 🚀 Minimum deposit: | From $30 (depends on the asset) |
| ⚖️ Leverage: | Up to 125x |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
XT.com Pros and Cons
👍 Advantages of trading with XT.com:
•Cryptocurrencies and other varieties of currencies;
•Replenishment in fiat currencies;
•Favorable trading commissions;
•Leverage is up to 125x.
•Proprietary mining platform;
•Large trading volumes; high liquidity.
•Convenient trading terminal;
👎 Disadvantages of XT.com:
•No investment programs (only deposits);
•No training programs or study guides.
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.
XT.com Trading Signals
Commissions for foreign exchange transactions on XT.com depend on the trading level of the account. There are seven trading levels, including zero. The higher the level, the lower the commission. At the zero levels (P0) the maker's commission is 0.05%, and the taker's commission is 0.2% with a trading volume of up to 0.1 BTC within 30 days. At the highest level (P6), the maker's commission is 0.005%, and the taker's commission is 0.02% with a trading volume of 8 BTC within 30 days.
Commission rates for deposits and withdrawals depend on the specific asset. For example, the withdrawal fee is 1 XT.com (token) for the site's proprietary cryptocurrency, and for Bitcoin, the commission is 0.0006 BTC. The size of commissions and limits for each asset can always be clarified in the corresponding section on the cryptocurrency exchange website.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.05% per application | Yes |
Conclusion
Based on the results of the analysis of the XT.com trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
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 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.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
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.