info@algointernational.com  |  UK:+44 207 856 0414  |  South Africa:+27 11 083 8737  |  Australia:+61 2 8006 7772

FAQ

We have developed several “trading robots” that buy and sell currencies with the main objective of generating profit.

Sometimes during your travels, you will need to exchange your currency for another currency, to achieve this, you need to go to an Exchange Office. We refer to these as “Office Brokers”.

Our robots tell brokers which currencies to buy or sell and when would be the optimal time for them to do so. Without brokers, our robots cannot function, brokers are the ones who have the currency/cash on hand. Together, our robots and brokers form a symbiosis.

In order to get started, you will need to sign up with us and choose which trading robot you would like to trade on your behalf. Once you have made your decision and purchased your preferred service, you will need to sign up with our preferred broker, see How to Sign Up with a Broker.

The broker will keep your money, handle your deposits and your withdrawals. Algo can not and will not handle your money directly, all that our services (trading robots) do is tell the brokers what the best course of action is to generate profits for you.

Once you have registered with the broker and funded your account (deposited money), you will need to send us an email (support@algointernational.com) so that we can link your Algo Account and your Broker Account.

Once this link is created, you will be able to see and monitor your trades through your computer or smartphone. See How to Access Your Trading Account from your Mobile Device.

In order to get started, you will need to sign up with us and choose which trading robot you would like to trade on your behalf. Once you have made your decision and purchased your preferred service, you will receive an email and be directed to a Step-by-Step page to assist you in signing up with our preferred broker, depositing your funds and how to connect your Algo Account and your Broker Account (it’s as easy as sending an email).

The international currency market is a market in which participants from around the world buy and sell different currencies. Participants include banks, corporations, central banks, investment management firms, hedge funds, retail forex brokers, and investors.

Forex brokers are firms that provide currency traders with access to a trading platform that allows them to buy and sell foreign currencies. A currency trading broker, also known as a retail forex broker, or forex broker, handles a very small portion of the volume of the overall foreign exchange market. Currency traders use these brokers to access the 24-hour currency market.

Forex brokers are compensated in two ways; firstly, through the bid-ask spread of a currency pair. For example, a retail forex broker may buy euros for 1.2010 U.S. dollars and, at the same time sell euros for 1.2015 U.S. dollars. The spread in this case is $0.0010 or 10 pips. Secondly, brokers will often charge a fee per transaction. Competition in the forex broker has increased in the last five years, which has seen many offer free or very small transaction costs.

Forex brokers will allow customers to trade all major currency pairs; EUR/USD, GBP/USD, USD/JPY, and USD/CHF as well as the remaining g10 currencies and all the cross rates. Most brokers will allow customers to trade emerging market currencies. Before trading a forex broker will require customers to deposit money into their account as collateral. However, through leverage customers can trade larger amounts than what is deposited in their account.

We have one main forex broker that we use for most of our clients which is Tradeview Forex. For US clients we use LMFX. We have chosen these due to their good reputation and security of funds.

We have a win/win philosophy when it comes to fees. We only charge fees when we have made you money so it is a performance-based fee only.

We have divided our performance fees into two, 1 set monthly fee and one variable depending on your invested capital. Please look here for our current performance fees.

A forex trading robot is a computer program based on a set of trading signals/rules that helps determine whether to buy or sell a currency pair at a given point in time. Trading robots are designed to remove the psychological element of trading, which can be detrimental.

Automated trading robots open and close the trades fully by itself so there is no human intervention. Automated Trading robots are also a lot quicker than any human and can execute trades in milliseconds. Trading robots are also called Expert Advisor or EA.

All money, deposits and withdrawal, are handled by the broker. The brokers we use have a good reputation and keep all money in segregated client accounts which means that the company money and client money are separated meaning your money is safe.

Algo international can not access your money to make any deposits or withdrawals. The broker account is in your name and only you have the right to withdraw or deposit money.

Yes we do. Our referral program is very good because you can earn a residual (monthly) income. If you refer a client to us we will pay you monthly as long as that customer is active with you. This can be a very good second and even first income.

Fill in your information here to receive further information.

Only you can deposit and withdraw money from your account. When you sign up to our service you do allow our trading robots access to your account. They are allowed to open and close positions (buy and sell currency) and that is all they can do.

All deposits are handled through the broker. Each broker has its own deposit methods, but they normally include bank transfers, credit/debit cards and cryptos. Most brokers also have other solutions like Neteller and Skrill.

Check with your broker if you have a specific need in regards to deposit or contact us and we will help you.

All withdrawals are handled through the broker. You can make withdrawals at any time, as often as you want and whenever you want.

The brokers we recommend normally handles your withdrawal request the same day and then it takes a few days for the money to arrive in your account. Check with your broker what the rules are or contact us and we will help you.

If I am not able to open an account with a broker will I get my money back?

Yes, If you have purchased any of our trading services and you for some reason are not able to open a broker account we will refund you 100% of your purchase.

Yes, If you have purchased any of our trading services and you for some reason are not able to open a broker account we will refund you 100% of your purchase.

The broker is the one that handles all money and approves or disapproves accounts. We have a broker for US and Canadian customers and then another broker for most of the rest of the world. There are a few exceptions but let us know which country you have residency in and we will guide you

It’s as easy as sending your transfer request via email to support@algointernational.com. We will switch your account for you, absolutely free of charge, at any time during the month.

*Please note that accounts can be switched a maximum of once per month.