CryptoRocket 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 CryptoRocket trading signals. You will learn what kinds of trading signals CryptoRocket offers and what the conditions for using them are.
Short introduction of CryptoRocket
CryptoRocket is a broker of choice for numerous traders to execute trades in cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and many other products. The company sees its core goal in providing an understandable yet effective trading practice for each and every customer. Moreover, CryptoRocket customers are happy to take advantage of ultra-fast order execution, ultimately low spreads, and one of the best pricing in the field.
| 💰 Account currency: | USD, BTC |
| 🚀 Minimum deposit: | No minimal deposit |
| ⚖️ Leverage: | 1:500 |
| 💱 Spread: | from 0,1 p |
| 🔧 Instruments: | Cryptocurrencies, Forex, Commodities, Stock. |
| 💹 Margin Call / Stop Out: | Stop Out - 30% |
CryptoRocket Pros and Cons
👍 Advantages of trading with CryptoRocket:
•No limitations on strategies. Scalping with any length of a pending order and position holding time, algorithmic trading and hedging are allowed.
•No deposit or withdrawal fee. Quick withdrawal within 2-3 hours.
👎 Disadvantages of CryptoRocket:
•limited number of payment methods: ВТС, Visa, Wire Transfer.
•Offshore registration (St. Vincent and the Grenadines).
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.
CryptoRocket Trading Signals
The broker’s website does not offer information about the spread and other fees. Therefore, it is impossible to compare the broker’s trading conditions with other brokers. You can open a demo account on the MT4 trading platform and check the spread level using scripts and information panels.
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that CryptoRocket 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 reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
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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.