Algo Forex Funds stands out by offering a unique opportunity for traders to harness the power of algorithmic strategies. Imagine having the freedom to trade without the usual restrictions, while still benefiting from a supportive community that understands the challenges of high-frequency trading (HFT). With a focus on creating a safe and professional environment, Algo Forex Funds is designed to empower traders to thrive. Whether you're a seasoned pro or just starting out, this platform provides the tools and flexibility needed to succeed in the dynamic Forex market.
Algo Forex Funds Background
Algo Forex Funds was founded with the mission of creating the safest and most supportive prop firm for the HFT community. After seeing many unprepared companies enter the market and harm traders due to a lack of professionalism, the Algo Forex Funds team decided to build a company 100% focused on meeting the needs of Algo traders.
The entire business model of Algo Forex Funds has been designed for long-term stability to provide a reliable home for HFT traders. They allow full use of HFT strategies in both the evaluation and live funded accounts, with no restrictions on EAs, grid/martingale, news trading, or weekend holding. As long as you follow the rules and close the month profitable, you can withdraw your hard-earned profits.
One of the key advantages of Algo Forex Funds is their backing by FXDD, a well-established and licensed broker. This provides extra security and peace of mind compared to prop firms that use unregulated offshore brokers. FXDD has been in operation since 2002 and is regulated by the FSCM in Mauritius and MFSA in Malta.
| Detail | Information |
|---|---|
| Company Name | Algo Forex Funds |
| Parent Company | Algo Trading Solutions Limited |
| Partner Broker | FXDD Mauritius |
| Website | https://algoforexfunds.com |
| Support Email | support@algoforexfunds.com |
| Support Hours | 24/7 live chat available |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Account Types | Standard Algo Evaluation, HFT Premium Evaluation |
| Maximum Allocation | $2 million per trader |
| Leverage | 1:100 (evaluation), 1:30 (funded accounts) |
| Tradable Instruments | Forex pairs, Indices, Cryptocurrencies, Commodities |
| Profit Split | 60% – 75% (scaling based on performance) |
| Payout Frequency | Twice per month (1st and 15th) |
| Minimum Age Requirement | 18 years old |
| HFT/Arbitrage/Scalping | Allowed in evaluation, not allowed in funded accounts |
Algo Forex Funds Trading Platforms
Algo Forex Funds currently provides the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are the industry standard for algo trading. These powerful platforms allow you to fully automate your trading using expert advisors (EAs). The MT4/5 platforms are available for Windows, Mac, iOS, and Android.
Some key features of the MT4/5 platforms for algo trading include:
| S/N | Description |
|---|---|
| 1 | Algorithmic trading with EAs (no restrictions) |
| 2 | Optimized for HFT and scalping strategies |
| 3 | Extensive backtesting capabilities |
| 4 | Wide range of technical indicators and charting tools |
| 5 | Customizable to suit your trading style |
| 6 | Reliable and low-latency execution |
Algo Forex Funds provides these platforms with pricing and execution through their partner broker FXDD. This gives you access to consistently competitive spreads and fast order execution.
Algo Forex Funds Account Types
Algo Forex Funds offers two main account types – Basic Algo Evaluation and HFT Premium Evaluation. Both allow full use of HFT strategies, but have some key differences in the trading objectives and rules:
| Account Type | Profit Target | Min Trading Days | Daily Drawdown | Max Drawdown |
|---|---|---|---|---|
| Basic Algo | 8% | 8 | 5% | 15% |
| HFT Premium | 6% | 0 | 6% | 20% |
As you can see, the Basic Algo account has a higher profit target of 8% and requires a minimum of 8 trading days. The HFT Premium account allows you to get funded faster with only a 6% target and no minimum trading days – you could pass the challenge in minutes! It also provides a bit more flexibility with a 6% daily drawdown and 20% max drawdown.
Both account types provide a 1:100 leverage for the challenge phase. Once you pass the evaluation, the funded account will use 1:30 leverage, which is considered the industry standard for prop firms and institutional trading.
In terms of tradable instruments, you can access a wide range of markets including forex, indices, cryptos, and commodities. The accounts use the raw market spreads from the liquidity providers, with a small commission per lot on forex pairs.
Payouts and Profit Splits
One of the most appealing aspects of Algo Forex Funds is their generous profit splits. They use a progressive scaling model that rewards consistent profitable traders with higher payouts.
As your profits grow, so does your share – maxing out at a very competitive 95% for profits over $100k. This is one of the highest profit splits in the industry and a great incentive to scale up your trading.
Algo Forex Funds processes payouts twice per month, on the 1st and 15th. As soon as you complete the challenge, your funded account will be activated instantly so you can start trading and earning right away. There are no limits on the number of funded accounts you can operate, as long as you stay within the max $2 million total allocation per trader.
Customer Support and Resources
Algo Forex Funds provides 24/7 live chat support to promptly assist with any questions or issues. Their support team is highly responsive and knowledgeable. You can also reach out via email to support@algoforexfunds.com for more detailed inquiries.
In terms of educational resources, the Algo Forex Funds website has some useful FAQs that cover common questions about the evaluation process, trading rules, and payouts. However, they don't offer an extensive knowledge base or training program like some other prop firms.
That said, as an algo-focused prop firm, they expect most of their traders to already be experienced and capable of conducting independent research and strategy development. The MetaTrader platforms also provide a wealth of tools and community resources to support algo traders.
Popular Questions related to AFF
Is there a minimum deposit requirement for Algo Forex Funds?
There is no specific mention of a minimum deposit requirement for Algo Forex Funds in the provided search results.
How does Algo Forex Funds generate profit?
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Are there any restrictions on trading strategies at Algo Forex Funds?
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Final Say on Algo Forex Funds
Algo Forex Funds is a promising prop trading firm that offers traders a range of benefits, including flexible trading strategies, a user-friendly platform, and competitive pricing. With a strong reputation backed by positive Trustpilot reviews, Algo Forex Funds has gained popularity among both novice and experienced traders. By leveraging algorithmic trading strategies, traders can maximize their profits while minimizing emotional bias and human error. As the forex market continues to evolve, Algo Forex Funds is well-positioned to support traders in their journey towards success.
