Algosone.ai is a new AI-based trading robot that uses natural language processing models but also its own deep learning algorithms with the aim of offering a fully autonomous trading solution.
Here’s my opinion on what I liked, but also what I think could be improved as well as the unique features that set it apart from the rest.
The benefits of AlgosOne.ai
Well, let’s start on a positive note, because AlgosOne has a lot to offer. Below are some of the features that really impressed me.
Easy to use
One of the things I loved about the platform was how easy it was to get started right away. No need for programming, strategy selection or manual risk management. Seriously, even my grandma could use it! When I signed up and made the minimum deposit, which by the way was only $300, AlgosOne took over directly.
If you want to maintain full control over your risk exposure and the composition of your portfolio, this platform is not for you, as EVERYTHING is controlled by AI; it’s completely hands-free. However, AlgosOne is ideal for people who neither have the time to devote to managing their portfolios nor the knowledge to take the reins themselves.
It’s also important to note that a 14-day trial is available, which is long enough for you to decide if the platform is right for you, and that’s what I started with (although I opened a account at the time).
Here is one area where what I saw really pleased me.
AlgosOne does not charge maintenance fees or transaction fees. However, commission is charged on winning trades. (No commission is charged for losing trades).
50% of the commissions are spent on the operation of the platform, which covers operational maintenance, including technical support and risk management. The remaining 50% goes to the reserve fund.
The reserve fund covers customer account balances in the event of system failure, technical problem, market disaster or company bankruptcy. A part of the reserve fund is also set aside to pay out compensation in the event of loss of trades.
The commission fee is quite high, up to 25%, but the amount comes from the operating profit, so the capital base is never affected. Additionally, fees are already factored into the calculations AlgosOne uses to set profit percentage guarantees for each trade level.
There is also a 30% penalty for withdrawing funds before the trading plan contract expires. You should know that the plans are locked between 12 and 24 months. However, this is a standard for trading platforms as well as a widespread practice of any bank or investment company.
When it comes to AlgosOne’s automated risk management tools, there is nothing fancy as they offer a fairly standard range of stop orders, limits, investment caps per trade. trade and roofing tools. I appreciated the simplicity and rigor.
The AI-powered trader constantly performs technical analysis and evaluates 24/7 incoming data coming from a wide variety of sources so that it can continuously set and adjust risk-limiting parameters as market conditions evolve. He is able to perform a risk analysis without my involvement and does it much better than me. It also learns to improve its risk management capabilities with each new trade, user and data set it receives.
The fact that AlgosOne trades across such a wide range of markets including stocks, commodities, forex, indices, bonds and crypto means that portfolios are diversified and risk is spread across multiple classes.
My risk exposure is also limited by the compensation paid in case of losing trades. The exact percentage of the original trade amount returned depends on your trading level and you need to be at a fairly high level to take advantage of this benefit.
Unfortunately, when it comes to AI trading, especially those offering cryptocurrencies, it can be difficult to reach a human when you need one. But I was pleasantly surprised that AlgosOne has multilingual support, via live (human) chat as well as email, and the lady I spoke to was knowledgeable about the platform and was able to answer all my questions. You will likely find the answer to most of your questions in the FAQ section, which is quite comprehensive.
The notable features of AlgosOne.ai
A few features really stood out and in my opinion put AlgosOne right at the front of the pack.
The main criteria I use to judge any trading platform I use is its profitability and the stability of those profits.
At AlgosOne, the platform guarantees a specific profit percentage range for each trade level, and so far, in my experience, it has delivered on its promises. The trading success rate is over 80% which is truly incredible and better than the win/loss ratio of any other bot in the field that I have seen. The current trade success rate is constantly visible on the dashboard. Not only are the profits incredible, but AlgosOne also pays compound interest for every trading plan, regardless of trading level.
Security of funds
While earning money is important, you need to be sure that it will be there when you need it. In this area, Algosone achieves a score of 10 out of 10. First, the company is approved and registered. The reserve fund that I mentioned earlier is another major point in its favor because it sets it apart from many of its competitors and has definitely made me feel more peaceful.
The weaknesses of AlgosOne.ai
I wasn’t impressed with absolutely everything I saw, so improvements could be made in a few areas.
Deposits and withdrawals
While on the upside the minimum deposit is very low and there is a sufficient range of supported currencies, on the downside deposit methods are limited to bank transfers and wallet transfers. To keep up with the competition, AlgosOne needs to add payment options such as credit and debit cards.
There are no withdrawal fees and the one time I withdrew my profit, the AlgosOne team was efficient in processing the request. I had no problems accessing my money.
Types of trade
My biggest issue with AlgosOne is probably 1-click trading.
AlgosOne offers two main types of transactions, automatic trading and 1-click trading.
Automated trading requires no user involvement. The AI selects the asset, timing, size and direction of the trade and goes into action. No intervention is necessary. The AI also selects all parameters for 1-click trading, decides what to trade, when to enter and exit, how much to invest and in which direction the price will move. However, a message is sent to the user and the user has to click on the APPROVE button included in the message and within a limited time which may be only a few minutes. There is no decision making or difficulty, just a click of a button in a short window.
For someone like me, it’s not that bad since I sit in front of my computer all day and my phone is glued to my hand 24/7. But sometimes, when you’re focused on something else, you don’t want to be distracted or need to pay attention to a message. The ratio of auto trading to 1-click trading will depend on your trading level. The higher you go, the bigger the positions will be open to you, with a higher ratio of automatic trading compared to 1-click trading.
This is the only major downside to what I really consider to be a pretty impeccable rig.
While we’re on the subject, I’d like to mention the other type of trade, namely bank trades. These are executed in addition to the set number of trades allocated to the user’s trading level. Bank trades are available to users who have accumulated enough credits. These are awarded as part of a promotion or for completing affiliate tasks, referrals, achieving educational goals through the Platform and participating in the AlgosOne community. When the user has enough credits, he can go to the “trade bank” section and click “TRADE NOW”. A trade will be automatically executed.
I really love the app. When the two-week trial period was over, I had a clear idea of the platform’s strengths and weaknesses and did not hesitate to entrust my money to AlgosOne, as well as top up my balance to increase my trading level. So far I am more than happy with my profits and without hesitation I highly recommend it to anyone looking for a fully automated AI trading solution to reduce the effort and stress associated with their investments.
Want to test AlgosOne AI trading bot for two weeks? Sign up here.
Disclaimer: This article is promotional content and does not constitute investment advice. Do your own research and only invest money you can afford to lose.