|Support Types||Email , Phone , Chat|
|Minimum 1st Deposit||$100|
|Minimum Trade Amount||$25|
|Free Demo Account||Open Demo|
|Deposit Methods||Credit & Debit Card , Bank Wire , Other Methods|
|Trading Currency||Bitcoin , Ethereum , Litecoin , Ripple , USD , EUR|
|US Traders Allowed|
- Good for Beginners
- Trade on Autopilot
- Easy to Set up
- No Mobile App
- Black-Box Algorithms
With Bitcoin becoming one of the most popular asset class in the history of financial markets, many individual investors are asking us how they can take advantage of this super volatile but highly profitable digital asset. Many institutional investors adopted the latest technologies and trading techniques to take advantage of the cryptocurrency markets and we have seen a number of crypto hedge funds rapidly increasing. Unfortunately, crypto hedge funds are available to wealthy investors where you would need to have at least $250,000 to invest, But what if you don’t have that sort of money but still want to invest in Bitcoin, Ethereum and other cryptocurrencies? Well, we have great news for you. Today, modern technology brings democratisation to the financial industry and many smaller individual investors can have access to the same tools and resources as large institutional ones. Thanks to automated trading systems, you can now invest in Bitcoin on autopilot without any prior trading experience. And thanks to CFD brokers you can do that with as little as $25 per trade. Today we have prepared this Algo Signals review to share our experience investing in Bitcoin with the trading robot. So is Algo Signals scam or legit? Can I make money with Algo Signals trading robot? If you are interested to find out the answers to these and other questions, read this Algo Signals review to find out…
Algo Signals Trading Robot Features
The main feature of the Algo Signals trading robot is that it allows you to invest in Bitcoin on autopilot. Because of its intuitive interface, even absolute rookies in investing can set up this trading robot and start investing in a matter of minutes. The way Algo Signals trading software works is that its computer algorithms analyse the price of Bitcoin, Ethereum and other popular cryptos and, based on technical analysis and indicators, makes short term price move predictions. Computer algorithms then place a buy or sell trade order and execute a trade on your behalf. Trading robots such as Algo Signals are focused on short-term trading, meaning the positions are held from a couple of seconds to minutes. As soon as the profit target per trade has been reached, the computer closes the position. Algo Signals also has a stop loss feature, which means your losses will be minimised if the trade goes not into your favour. Algo Signals trading software is programmed to make as many small trades as possible (obviously within your risk limits) and its goal is to make on average more winning trades than losing ones, for you to achieve the maximum daily profit.
Algo Signals trading robot works with a number of reputable CFD broker platforms and you will be connected to the best available trading venue in your country. That also means that you won’t be investing in Bitcoin directly but will be betting on the price moves through a professional trading platform. This eliminates the security risk of you cryptos being stolen but still allows you to benefit from Bitcoin growth opportunity. Another advantage of investing in Bitcoin with CFD broker is relatively small required investment amount. With CFD broker, you can start investing in Bitcoin with as little as $25 per trade, and a $100 minimum deposit. The reason it is possible is that CFD, or as they called Contract for Difference, is a financial instrument that allows you to bet on the price move by covering only the potential price difference. That is why the minimum investment amount is relatively small but you still benefit from the full price upside. Just remember, that investing in cryptocurrencies can also cause losses so don’t invest more then you are prepared to lose and start slowly.
Algo Signals trading strategies are designed to make money in both rising and declining markets and the price volatility only enhances the performance. Algo Signals might struggle to generate steady returns in a strong one-way trend but luckily, with the price of Bitcoin that happens very rarely.
How to Start Investing with Algo Signals Trading Robot?
As we mentioned already in this Algo Signals review, one of the biggest advantages of this trading robot is that it is very easy to set up and start using, even without any prior investment experience. Algo Signals is available in most countries, and you can join the platform in 3 easy steps.
Step 1 – Open Account
The account opening process is very simple and straightforward. All you need to do is provide your full name, email address and telephone number. Once your email is verified, you will be able to log into the Algo Signals trading dashboard. Algo Signals will also automatically open you an account with recommended CFD broker for your country and customer service representative will contact you to help with account set up.
Step 2 – Deposit Funds
In order to start investing with Algo Signals, you will need to deposit funds to the broker’s account. You can deposit funds on your broker account using bank transfer, debit or credit card, PayPal or a number of other popular payment methods. In order to comply with regulations, you will also need to complete the KYC process with the broker by submitting a copy of your passport and proof of address. For us, the process was easy and straightforward and our account was fully activated within 10-15 minutes.
Step 3 – Adjust Settings & Start Auto Trading
As a final set, you will need to adjust settings for your trading strategy such as minimum investment amount, daily stop loss and daily profit target, the maximum number of daily and concurrent trades.
You can also choose which cryptocurrencies you want to invest in such as Bitcoin, Ethereum, Litecoin and Ripple. You can trade cryptos against USD and EUR.
Can I Make Money with Algo Signals Trading Robot?
This is one of the most important questions to answer when it comes to which trading robot to choose from. While conducting this Algo Signals review, we were given an opportunity to test Algo Signals trading algorithms in a real market environment with $1,500 of virtual currency. We have run trading on autopilot for about 3.5 hours and managed to achieve $500 profit with 75% trade accuracy. This is in line with other trading reports we have seen on the internet where people were saying that they are able to generate between $3,000 and $5,000 in trading profits per day. Of course, not every day you will make a profit and some days you will lose. But on average, about 80% confirm that they can generate steady profit with Algo Signals trading robot.
Is Algo Signals Trading Robot Scam or Not?
Many people feel sceptical about the potential performance of the different trading robots that is why we have been asked a number of times, is Algo Signals scam or not? Based on our experience, we think it is a reputable trading software and definitely worth giving a try. Of course, there are some reviews on unhappy customers who were not satisfied with the speed of customer services or occasional delays in getting signals. But Algo Signals is constantly developing and we have also seen a recent upgrade of its trading dashboard into more modern and advanced.
Algo Signals Trading Robot Review – Our Verdicts
We have spent 3 days testing Algo Signals trading robot before completing this review. It has a more advanced and modern trading dashboard comparing with other robots. It makes it much easier to navigate and enhanced user experience. Algo Signals has a panel of some of the largest global CFD brokers and you can start investing with as little as $25 per trade. The Algo Signals trading algorithms proved to be quite effective which allowed us to achieve a decent trading result. Many people were able to create an additional passive source of income with trading robots such as Algo Signals and we hope that it will work for you too.
Of course, this Algo Signals review won’t be complete if we don’t mention potential drawbacks. Some of the more experienced traders might find Algo Signals’ platform too simplistic. That is true and if you are an experienced trader who is looking for a fully customisable software solution, you can probably find better options. As we said, Algo Signals is great for beginners but might not satisfy more experienced traders. There are also only 4 cryptos are available to trade which some people find too limiting. But we don’t see it as a major issue as you still have the exposure to the most popular ones.
We would be also delighted to hear from our readers about your experience of investing in Bitcoin with Algo Signals trading robot. Please leave your feedback in the comments section below or reach out to us.Visit Broker