AlgoBanque is Closed
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AlgoBanque was a Forex broker that is used by traders seeking an automated trading solution. AlgoBanque is owned by Yamix Marketing UK LTD, located at 1A Arcade House, Temple Fortune, London, United Kingdom, NW11ZTL. Their phone number in Switzerland is +41 22 518 2030, and in Germany +49 69 9442 9387. They can be reached via email at: [email protected].
Trading Platform Review
Forex traders at AlgoBanque can use MetaTrader 4, MT4, or Web Trader.
The main reason that investors choose AlgoBanque is for their various automated trading algo robots.
They have 3 trading schemes to choose from: Conservative Algo, Semi-Aggressive Algo and the Aggressive Algo. The difference between algorithm software are the setting that the broker configured to respond to trading signals. All algorithm trading robots, get their trade ideas from a signal provider. A signal can be generated in the currency markets literally every 20 seconds. The goal of the robot, is to filter out the bad or false signals, and only execute trades on signals that have a high probably of success.
Although Forex Algo trading is becoming more popular every day, many traders ignore the risk. The risk with automated robots is the fact that prior performance does not guarantee future results. Just because a robot produced 25% results in one month, there is no guarantee that it will do the same next month. So traders should always be careful with robots.
Traders can read more here about binary options trading robots.
The minimum deposit for new accounts at AlgoBanque is $250. Accounts with a larger initial deposit receive a higher leverage and tighter spreads.
Their trading platform is available in English, Italian, Spanish and German. AlgoBanque does not allow Forex traders from the United States of America.
Compare AlgoBanque
There are many Forex brokers to compare and choose from online. Many traders choose to go with a regulated Forex broker because they are interested in trading, and not worrying about a broker becoming insolvent like the recent collapse of Alpari.