Algo Signals is a trading robot that allegedly provides highly profitable forex and crypto-CFDs signals. But is it legit? InsideBitcoins investigation reveals that Algo Signals appears is and working. Our live test shows that traders report making an average daily profit of 2% with this robot. Moreover, this robot is highly user-friendly meaning that anyone, including complete beginners, can use it.
In this review, we will look at the features that make up Algo Signals. Furthermore, we will discuss alternatives and tips to help you get the most out of automated trading signals. Keep reading to learn more or go straight to Algo Signals by clicking the ‘Trade Now’ button in the table below.
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Is Algo-signals Legit?
What is Algo Signals?
Algo Signals is a famous robot for both forex and crypto CFDs. This robot is semi-auto, meaning that you need to execute the recommended signals manually. However, this is not to say that you need specialized skills to use it. The robot is developed with both the complete beginner and the experienced trader in mind.
If you are a beginner trader, this robot allegedly helps you earn money while you learn how to trade. Algo Signals identifies trading opportunities by analyzing thousands of charts. The robot then allegedly notifies traders of trades with high profitability potential with a breakdown of how they came to that conclusion. This breakdown educates the trader about the factors that matter when doing technical analysis.
While Algo Signals automate at least 95% of Algo trading, we do not recommend it to traders who have no time to monitor their account. It is also not the right choice for traders who are not willing to learn about forex trading. From our experience, signal robots perform best when the user is actively involved. You need to understand how the robot works to determine which trades to execute.
If you are looking for a fully automatic robot, we recommend that you try Bitcoin Trader. This robot is entirely auto and requires an average of 20 minutes of account monitoring per day. Our investigation reveals that it is legit. Traders report an average daily profit of 3% using this robot. Read our Bitcoin Trader review to learn more.
Why trade with Algo Signals?
There are many benefits of trading with Algo Signals. This robot claims to be among the best signals providers in the market. Algo Signals robot is best known for;
- High claimed profitability
- Learn about technical analysis
- Excellent customer service
- Ease of use
- Data safety
InsideBitcoins has carried out an in-depth analysis of this robot and given it top scores in all its ranking factors. These factors are discussed in details below. Keep reading or visit our Top Bitcoin Robot 2019 review to find more similar robots.
Our test shows that Algo Signals robot operates in high transparency. We can confirm that the information on their website is accurate. Their testimonials are from real people. Scam robots are known to present fake testimonials in a bid to lure new signups. We determine the legitimacy of testimonials by conducting a background investigation on the reviewers’ profiles. Scammers usually use stock-photos or stolen images on the profiles. Our study involves doing an image search on these photos.
Regarding partner brokers, this robot introduces them before the trader deposits money. Scam robots are known to keep the identity of their brokers hidden until the trader makes a deposit. This is because they mostly partner with sham offshore brokers. Our review on Algo Signals reveals that their brokers are regulated by world reputable regulatory bodies such as ASIC and FCA.
High Claimed Profitability
Algo Signals claims to have an accuracy level of above 90%. This, if true, would be considerable higher than what the best professional trader can achieve. A win rate of above 90 percent means that this robot would make money in every nine out of ten trades. Unlike humans, trading robots can allegedly analyze thousands of charts within a split and with high accuracy. Moreover, they filter human emotions out of trades hence allegedly improving profitability.
Let’s say you have a trading capital of $500. As mentioned earlier, Algo Signals report an average daily profit of 2% per day. Taking the power of compounding into consideration, you will, according to Algo Signals, be able to grow your account to $140,000 in one year. Imagine if you keep trading without withdrawing for the next five years. Your account will then allegedly grow to a whopping $800,000. Algo Signals claim that the 2% average return figure also factors risk, which, according to them, means that this is an achievable goal.
With this app, you do not need to spend a lot of time analyzing charts to gain trading insights. The robot does that for you and provides notifications and comprehensive reports on how it arrived at its decision. Algo Signals robot is semi-auto, meaning that you have a choice of executing the trades it recommends or opting out. The notification report usually involves details on the level of risk involved in a trade. This means that you have an opportunity to execute or ignore a trade depending on your risk appetite.
Provides forex education
Another big plus of trading with Algo Signals is that you receive reports and tips to educate you on forex. As mentioned earlier, every trade notification comes with a breakdown of how the robot reaches its decision. This means that you get to learn the factors to consider when conducting technical analysis. This technical analysis knowledge can help you determine the best trades to execute and those to avoid.
Algo Signals also provide trading notifications on market trends. The trends are highly dependent on both technical and fundamental analysis. While technical analysis involves an analysis of charts, fundamental analysis is all about the economic, social, and political forces.
Consequently, you also get to learn how to do fundamental analysis through Algo-signals. For instance, if there is a market event such as the NFP, the robot provides you with trade notifications plus the logic behind them. These notes educate you on how to react during these events.
Excellent customer services
InsideBitcoins finds Algo Signals to have excellent customer services. They provide multiple lines of communication, and their agents are always available through live chat and phone. An analysis of other users’ reviews shows that the majority are satisfied with Algo-signals customer services. Furthermore, their partner brokers are also readily available.
How to trade with Algo Signals
How much does Algo Signals cost?
Algo Signals is free, but there is a high chance that a fee may be introduced in the future given its growing popularity. For now, all you need to trade with this robot is to register and deposit with one of its partner brokers. The majority of these brokers require a minimum deposit of $250.
We recommend that you start with this amount and only add capital when you are comfortable with their web-trader. It is important to note that there is a degree of risk in trading even when using a highly accurate robot. Do not trade with an amount you cannot afford to lose.
Is Algo Signals legit?
This Algo Signals review concludes that this robot is real and working. Users report an average return of 2% using this robot. Furthermore, we can confirm that this robot is what it says it is and the testimonials on its website are legit.
We also find their web-trader to be easy to use and their customer service to be excellent. Moreover, Algo Signals only partners with highly regulated brokers, which mean that traders have an assurance that their deposit is safe.
InsideBitcoins recommends this robot to traders who are willing to put in a little effort in trading and also learn about forex. This robot is not for you if you have no time to monitor your account or are not interested in learning about forex. We have determined that Algo Signals works best when the user is actively involved. We suggest that you try Bitcoin Trader if you are looking for a fully automatic robot. Click the ‘trade now’ button in the table below to trade with Algo Signals.
Is Algo-signals robot legit?
Algo Signals is legit and not a scam.
How much do I need to trade with Algo-signals?
You need a minimum deposit of $250 to trade with Algo Signals. We recommend that you start with this amount and add capital as you get comfortable with the platform.
How much can I make with Algo-signals?
Algo Signals allegedly generates a daily profit of 2% per day. With this type of return, an account with a deposit of $500 can reportedly grow to $140,000 in a year.
Can I withdraw my money from Algo-signals?
Algo Signals partner brokers are all legit brokers. These brokers operate under strict regulatory requirements among them deposit segregation. The tight regulation ensures that they cannot unreasonably withhold traders’ money.