Algo Signals is a free software that is here to help all the traders who use it to move to the next level of trading. Traders who use it find it pretty easy to use; allowing them to effortlessly place Forex trades. Thus, Algo Signals makes it easy for traders to trade not only Cryptocurrencies but Forex too. This shows how user-friendly Algo Signals is, and how easy it is for day traders to apply an array of money management methods as well as trading strategies.
Keep reading our review in order to find out how Algo Signals works and learn about all the account types offered, and how to contact their customer support if you ever need it
Algo Signals Login
As an advanced trading software, Algo Signals, gives the opportunity to traders to enhance their trading experience by offering the option of upgrading their trading account as they progress. In addition, as explained below, Algo Signals, allows novice traders to practice by using the free demo account so that they improve their trading skills by getting familiar with using the free signals, trading tools and the platform before switching to a real account.
Algo Signals Novice Account
Novice traders also get the chance to start with the low minimum deposit of $250.By doing so, traders can have access to a special set of benefits that include 3 currency pairs, a chance to keep 3 trades open at the same time and also, to trade with multiple brokers and Leaderboard multiplier x1.
Algo Signals Expert Account
Traders who get enough practice through either the demo account or the novice account can upgrade to an expert account as soon as they make a $500 deposit. Added benefits include trading 9 currency pairs, gaining access to additional settings and Leaderboard multiplier x2.
Algo Signals Master Account
For traders who want to unleash the full power of the Algo Signals software can do so by switching to a master account as soon as they make a $500 deposit to two different brokers. This account includes all the previously mentioned benefits plus Leaderboard multiplier x3, all the advanced settings and all currency pairs as well as VIP customer support.
Algo Signals Demo Account
The demo account is free to every trader who wishes to practice before switching to a live account. By doing so, traders can get familiar with the platform and all the trading tools that the software offers. In addition, traders can use the demo account for 5 full days where they can trade as much as they like before making a deposit and start trading with real money.
Algo Signals Robot
As already said, Algo Signals offers Forex and Crypto trading where traders have the option to choose between several setting available such as Reverse Trading, Max Daily Trades, Daily Take Profit, Daily Stop Loss and even customizing and setting the preferred probability for the trading signals the traders receive so that they can be in control of their trading experience. The more advanced the account is, the more settings it offers.
How to Trade Forex with Algo Signals Robot?
To start with, traders can use the stop loss or the take profit setting. By doing so they can set the exact amount to take their profit or when to stop their losses. Since there is not an expiry time for these, traders can make sure that their trades close as soon as they reach that prespecified prices. For instance, if a trader sets the stop loss to $50 and the take profit to $100 then, the system will automatically close that trade when it reaches either the price of $100 or $50.
How Does Algo Signals Work?
Algo Signals does not require a download and it won’t take any space on your computer since it is a web-based software and can be run directly from your web browser. By using the software, traders have the option to connect to several licensed brokers. Hence, Algo Signals is not a broker but a software that simply connects traders to brokers, and no deposits or withdrawals go through Algo Signals. It should be noted that there is a variety of banking methods available depending on the broker of your choice.
What Is Algo Signals Leaderboard?
The leaderboard offers an exciting opportunity to traders to win big prizes by earning special points. It is based on the formula below. It is good to know that the leaderboard is reset every month so that there is a fair chance for all traders to win big.
For example, a trader who has reached a trading volume of $500, deposited $1000, withdrew $250 and is on the master level will receive 2250 points since 500 (trading volume) x 3 (multiplier for master level) + 1000 (deposits) – 250 (withdrawals) equals 2250.
There is a professional customer support available 24/5 for all Algosignals traders who have any questions about the platform, signals or even with the demo account. Moreover, customer support is available via live chat for free to all existing and potential users of the platform meaning that they will try to answer all your questions and solve any possible issues as fast as possible.
Algo Signals Scam
Since Algo Signals is a free software, traders can gain access to the system by depositing to at least one broker available on the dashboard. Minimum deposit is usually $250 which is pretty low so that novice traders can start using the software and get started on trading too. As already explained above, deposits are processed by the broker and not by Algo Signals.
Traders who wish to take their trading to the next level can benefit from using the free software of Algo Signals since traders will gain access to several trading settings, signals and even different account types depending on their deposit so that they enhance their trading experience. As a result, improve their chances of winning as well as taking part and winning big prizes through the leaderboard system. Even though we did not receive complaints about Algo Signals scam make sure to do your own research and due diligence before signing up.