I’ve been trading Bitcoin and forex, on and off, for almost two years now, but life has gotten in the way and I haven’t been paying much attention to it recently. That’s why I decided to try AI trading because it means I can continue to invest while putting my trading on autopilot so I don’t have to be glued to a screen for hours a day.
The algorithmic trading platform I tested is called Algosone.ai. I chose it because it’s free, licensed, generally has good reviews online, and doesn’t require me to code my own strategies.
According to the website, AI can learn from its experiences and expand its knowledge base to continuously improve its predictive accuracy and generate solid profits for users. AlgosOne claims it uses the most advanced AI technology on the market, combining large language models like those used by Chat GPT and its own machine learning algorithms to achieve a transaction success rate that can exceed 80% over time.
In this post, I will detail my experiences with the platform over the past few months so you can see how successful AI is in delivering on its promises.
This testimonial is not written by one of Cointribune’s journalists
It was pretty easy to get started. There was a standard registration form and then I had to provide identity verification as the platform is licensed. Then I just made a deposit and that was it.
Once deposited, funds are automatically locked into a trading contract for 24 months and then used for trading. The algorithm makes all trading decisions, including selection of risk controls, assets, trade sizes, and when to buy and sell.
The minimum deposit amount at AlgosOne is $300, but to fund my account I deposited $5K, which brought me to trading level three.
My trading level is what determines my annual profit percentage as well as the number, size and type of trades made for me each day. In addition, the trade level determines the compensation and commission percentages.
The algorithm performs two types of transactions. One type is auto-approved transactions, which require nothing on my part. The second type is 1-click transactions. For these I receive a notification on my phone containing all the transaction details and an APPROVE button. I have to click the button in the message to confirm the transaction within a certain time. Although this only requires opening a message and clicking once, if I miss the message, the transaction is not completed and I miss the profit opportunity.
As part of setting up my account, I also had to select the 12 hour trading window in which to receive my trade notifications. I could easily change this via the dashboard when I went abroad for a few weeks over Christmas and changed time zones.
Signing up has no subscription or deposit fees, nor are there any transaction fees, but there is a $10 withdrawal fee and there is a commission fee. The commission amount is a whopping 25% at my trading level, but it is only charged on winning trades – nothing is charged if the trade fails. The annual profit percentage, (which is 25% to 35% at my level), already has the commission costs included.
Half of the commission money is used to pay compensation for lost trades and to maintain the balance of the AlgosOne Reserve Fund, which provides capital coverage to users. The rest is used to pay for 24/7 platform monitoring by technical and risk management teams and to pay for live support. AlgosOne’s live chat team always promises to respond within two hours, although in reality, on the two occasions I contacted them, they responded within about 15 minutes.
Daily experience with AlgosOne AI
Every day I checked the dashboard to see what transactions had been made overnight through my account and if they were successful.
I can also check the reserve fund balance, my current trade balance as well as my checking account balance.
The checking account is where my profit is sent and it can be withdrawn at any time. This is also where funds from a trade balance are sent when the contract is released.
I can also see a history of all transactions made by AI on my behalf.
Of course, every day I still have to approve all my transactions with 1 click within the given time frame, but the rest is handled by AlgosOne.
Performance after 30 days and 60 days on the AI platform
After the first 30 days, my AlgosOne trading balance saw a 20% profit after commissions were deducted. The second month produced a profit of 24%. There have been many failed trades over the past few months, but there have also been some big wins.
AlgosOne claims that the algorithm averages a transaction success rate of over 80%, although it takes time for individual accounts to reach this as the AI learns from each new activity and interaction to improve its predictive capabilities.
While AI’s performance over the past two months is no guarantee of future profits, AlgosOne has so far delivered on its promises.
To date, I have withdrawn profits twice without any delays, additional costs or other difficulties.
Here are some of the main benefits of using the AlgosOne platform:
- I didn’t have to think, research, plan, code or strategize – AlgosOne takes care of everything from minute one
- The AI algorithm is quite consistent – it may have a few bad trades, but losses are limited and it continues to improve
- There are no hidden costs or transaction fees that slowly eat away at my capital – what I deposited is purely for trading
- The company is legit – it’s licensed and registered and there’s a reserve fund so I feel like my savings are safe
- AlgosOne doesn’t just trade Bitcoin and Solana – it also trades a lot of other asset types, so it’s not dependent on the conditions of a single market
- Help is there when you need it – I wanted to change my account currency and was assisted by a real person who was pleasant and knew what they were talking about
The cons are quite small, but there is still work to be done as there are a few aspects that can still be improved.
- While I appreciate the minimal effort required by AI, I would have liked the ability to increase my risk/reward ratio, place a larger percentage of my balance, and earn more when the opportunity arises. But with AlgosOne there is no way to adjust trading strategies, increase the size of a trade or change risk settings
- My preference is to invest in cryptocurrencies, but the AI spreads trading across stocks, commodities, indices, bonds, forex, as well as crypto for diversification, and not all asset types offer the same opportunities for significant gains.
- While the AI lets you choose the specific 12-hour window to receive transaction approval notifications, having to monitor my messages and have my phone within reach for most of my waking hours is still less than ideal.
My verdict on AlgosOne AI powered platform
Bearing in mind that the platform only launched in the fall of 2023, it’s off to a flying start with fully automated, high-tech AI that has a lot to offer. My personal experience with AlgosOne has been really positive and very relaxing.
Without me having to do any data collection, technical analysis or actual trading, AlgosOne’s machine learning robot has given me steady returns with compounding and there are no warning signs so far. The support team was responsive, payouts were fast and smooth, and profits were consistent.
Overall, I think non-professionals like me and more experienced traders who might want to try AI will find AlgosOne well worth their time.
Registration can be done via the app or website, and the 14-day trial means you have plenty of time to see if the platform meets your needs without any commitment.
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