Algo Signals Review 2020
Algo Signals is free software that helps the traders to place Forex trade as effortlessly as it helps to trade cryptocurrencies. With Algo Signals, the day traders find it very easy to apply various money management methods and trading strategies to earn unexpectedly huge profits. This software gives an extensive opportunity to the traders to widen their trading experience by connecting them directly to the licensed brokers, thereby upgrading their account as they progress. The Algo signals software is also equipped with a demo account feature that allows the novice traders to improve their trading skills by familiarizing themselves with the various trading tools and free signals before they actually try their hands in real trading using their real money. Once the trader feels that they are confident enough to tackle the real mode of trading, they can switch to real trading.
Algo Signals Review – Overview of Algo Signal
The Algo Signals software is designed in such a way that it benefits the traders of all levels. Newbies can improve their trading skills and get to learn new and tested strategies, whereas experienced traders can improve their profit earning capabilities. Some of the inherent features of the Algo Signals are discussed hereunder for the traders’ perusal.
Invest in autopilot
This is perhaps the most important feature that the Algo Signals trading robot provides to its users. It allows the traders to invest in Bitcoin on autopilot. This intuitive interface allows even the newbies to set up this trading software and start investing instantly.
The Algo Signals trading software comes with a “stop-loss” feature, to mitigate the high risk of losing money, which means that the losses will be minimized to the extent that the traders can afford to take. If the trade does not go in favor of the trader, this trading software automatically closes the trade and does not give the time to the traders to ponder and consider whether they want to continue the trade or not. The Algo Signals trading software is programmed in such a way so as to make as many small trades as possible that mitigates the high risk of losing.
Works with multiple CFDs broker
The Algo Signals trading robot works with multiple reputed CFD broker platforms that enable the traders to make money when trading CFDs by connecting them to the best available trading venues in the country. This mitigates the high risk of losing your cryptos. Trading CFDs also has another advantage that you can get started with just $25 per trade, and a $100 of the minimum deposit. But always remember that investing in cryptocurrencies is not devoid of risks and therefore do not invest more than you can afford to take the losses.
Types of Account that Algo signals Provide
1. Novice Account
As the name sounds, this account is solely for the novice traders who hold a keen interest in online trading. With a mere deposit of $250, the novice traders can access real trading with three currency players. They can also place three trades simultaneously with multiple brokers and also get access to the Leaderboard Multiplier X1.
2. Demo Account
The demo account is a free account that any trader can get access to before switching over to a real live account. The demo account features the same tools that are in a real account. Therefore, the traders can get an experience of real trading without the high risk of losing real money. The traders can use the demo account for the initial five days before they get their hands down in real trading with real money.
3. Expert Account
After getting enough experience through a novice account or a demo account, a trader can now switch to the Expert account. But for this, the trader needs to make an initial investment of $500. Here the trader can get to trade with nine currency pairs with an added advantage of getting access to the Leaderboard multiplier X2.
4. Master Account
To unleash the full power of the Algo Signals trading software, a trader needs to switch to the master account by depositing $500 to two brokers at the same time. This account provides all the benefits of the previous three accounts with an added advantage of the Leaderboard multiplier X3. This account also provides the traders with the advanced settings of all currency pairs along with the VIP customer service.
Benefits of using Algo Signals robot
Some of the apparent trading benefits that the Algo Signal offers are:-
With Algo Signals trading software, the traders are relieved of the responsibility to scan the market and look for profitable opportunities to place their trade. In fact, they are no longer required to sit before their computers the whole day to scan the market trends; this trading software does it all on behalf of their users.
Live data streaming
Mastering the trends of the financial markets need constant screening of the market trends and movements. The Algo Signal trading software does exactly this to boost up the traders’ experience. It sends live trading signals through live data streaming, thereby giving the traders real-time access into the financial market. With this vital information at their fingertips, the traders can easily adjust and customize the trading features to meet the market changes that prevails at a particular period of time.
Algo Signals Trading Advantage
It is one of the best advantages that the Algo Signals software provides its users to maintain the integrity of online trading. As everyone knows online trading is associated with the ruckus frauds and scams, the Algo Signals robot focuses on reducing these threats. In order to maintain the integrity and safety of the traders, this software connects the traders only to the licensed and well-regulated brokers.
The Algo Signals software understands the need of the traders better than anyone else can. As every trader has a different perspective towards trade and also has varied trade preferences, this software lets the traders choose their own trade settings. With this trading robot, the traders have the full liberty to customize the preferred probability for the trading signals that they will receive, thereby eventually controlling their trading experiences.
Excellent customer support
A trading bot cannot be complete unless a robust customer support team backs it. Algo Signals software is backed by an amazing customer support team that is available 24 X 7 at the service of the customers. The traders can any time get in touch with the customer support team via live chat or over the phone and get their queries solved instantly.
Benefits of Algo Signal
Algo-signals robot legit?
When it comes to online trading software, most of the people feel skeptical as to whether the software is legit or not. Based on our experience, we found that the Algo Signals are reputed trading software. With numerous scam trading signal services doing rounds, it is very important to verify that you are on the right platform. The Algo Signals software qualifies to be a reliable trading partner; here is how.
- It is an award-winning trading platform and can be used only in conjunction with licensed and well-regulated brokers, which is the very first sign of trustworthiness.
- It provides for maximum customization that enables the traders to set their desired preferences pertaining to the risk exposure levels.
- Traders can easily switch off the software and try out different strategies in demo account mode. These features are never available with any scam software providers. In fact, the traders are rendered virtually powerless once trading has been initiated.
How does Algo Signals robot work?
The computer algorithms analyze the price of Bitcoin or Ethereum or other most popular cryptocurrencies and, based on the technical analysis and indicators, make predictions on short term price movements. The computer algorithms then place a profitable trade on behalf of the traders. Algo Signals is focused more on short-term trading, which means that the profitable positions are held only for a couple of minutes. As soon as the profit set per trade is reached, the position is closed by the computer algorithm.
1. Creating an account
The account creation process with Algo signals is pretty simple and straightforward. The users just need to fill in some information pertaining to their full names, email addresses, and phone numbers. After verifying these details, the users are sent an auto generated email confirming their registration with Algo Signals. After this, the users are allowed to log in to the Algo Signals platform by using their login details. Moreover, the Algo Signals software automatically opens an account for the registered traders with the recommended CFD brokers.
Account opening at Algo Signals
2. Depositing Funds
To get started with Algo Signals, the users need to deposit a minimum fund to the broker’s account. Funds can be deposited either through bank transfers, debit or credit cards, PayPal, or other popular payment methods. In order to comply with the broker regulations, the users also need to complete the KYC process by submitting relevant documents like passport or proof of address to the respective brokers.
3. Adjusting the Settings
In this final step, the users are allowed to adjust the trade settings as per their trade preferences. They can set their own trading strategies pertaining to the amount of minimum investment, daily stop-loss, or even daily profit targets, and the maximum number of concurrent trades.
How much can I make with it?
While conducting the Algo Signals review, we found that on placing a trade of around $1500 of virtual currency, on autopilot for approximately 3.5 hours, a steady profit of $500 can be achieved that too with 75% trade accuracy which is a pretty good outcome. This is in line with other trading reports that are available on the internet, where people are saying that they were able to generate trading profits between $3,000 and $5,000 per day. Of course, you may not be lucky every day, and sometimes you may also lose. But on average, about 80% of the users confirmed that they were able to generate steady profits with the Algo Signals trading software. In fact, the Algo Signals trading software claims to generate a daily profit of 2%. With this type of return, an account with a mere deposit of $500 can reportedly generate a yearly profit of up to $140,000.
Can I withdraw my money from it?
Yes, traders can withdraw money at their own discretion by filling up a “withdrawal request” form with the broker. The broker will go through all the necessary details and process the withdrawal application instantly if everything is found as per the requirements. As all the Algo Signals partner brokers are legit brokers and they operate under strict regulatory requirements, it ensures that they cannot unreasonably withhold any of the traders’ money.
As there is nothing perfect in this world, the Algo Signals software has some drawbacks. There are some reviews of customers where they mentioned not being satisfied with the speed of customer services, or there were occasional delays in getting trading signals. However, the Algo Signals software is constantly developing and upgrading its trading dashboard to make it more modern and advanced. Also, as the Algo Signals’ platform is too simplistic, if you are an experienced trader and looking for a fully customizable software solution, this is perhaps not the best platform for you.
After making this Algo Signals review, we came to the conclusion that the Algo Signals is not necessarily a broker, but it is a software that connects the traders to the brokers. There are a variety of banking and payment methods available, depending on the broker that the traders choose. Therefore, the traders who are keen to take their interest in online trading to the next level can try this free Algo signals trading software. This software exposes the traders to myriads of trade settings, trading signals, and also to different types of accounts depending on deposits that they make. This, in turn, improves their chances of winning by mitigating the high risk of losing money through the Leaderboard system. Therefore, trading CFDs and Forex is made easier by this Algo Signals robot, that claims to provide a highly profitable Forex and cryptocurrency-CFDs signals.
Is Algo Signals software legit?
Yes, as per our Algo Signals review, the software appears legit.
What is an Auto Signals Leaderboard?
It is a program based on a formula that allows the traders to earn huge profits through special points. The leaderboard program is reset every month to give a fair chance to all the traders to win big.
Leaderboard = Trading Volume x Multiplier + Deposit – Withdrawals.
How does the Algo Signals Software Work?
As the Algo Signals is a web-based software, it can be directly run from the web browser and does not require the traders to download the entire version of the software. The software connects the traders to multiple licensed brokers.
- – Algo Signals offers an easy to use interface.
- – It offers High Speed and More Accuracy.
- – Easy Deposits and Fast Withdrawals.
- – Algo Signals has Improved Order Entry and Exit Speed.
- – Lack of Human Control.
- – Need for Constant Monitoring.