If you’re looking to dive into the world of forex trading or expand your investment strategies, Algo Forex Funds is a prop trading firm that can help you succeed. By using their discount code “INVEST,” you can enjoy 20% off your next evaluation or funded account. In this article, we’ll cover everything you need to know about the firm, how to use the discount code, and why it’s a great opportunity for forex traders.
What is Algo Forex Funds?
Founded in 2021 and headquartered in Mauritius, Algo Forex Funds is a proprietary trading firm (or prop firm) specializing in high-frequency trading (HFT). Unlike traditional forex brokers, prop firms provide traders with substantial capital, giving them access to significant resources without risking their own money.
Algo Forex Funds gives traders the ability to use advanced algorithms, manage large sums, and work towards increasing their profits by following structured trading challenges. The company’s CEO, Barbaros Bulent Kortarla, has a strong background in finance and technology, ensuring that traders can take advantage of innovative and reliable strategies.
Benefits of Trading with Algo Forex Funds
There are several reasons why Algo Forex Funds stands out.
- No Minimum Trading Days: Unlike other firms, Algo Forex Funds doesn’t require traders to meet daily targets, allowing more flexibility in trading.
- High Drawdown Limits: With a maximum drawdown of 20%, traders have enough cushion to experiment and improve their trading strategies without risking failure.
- Advanced Algorithms: Their HFT model makes use of sophisticated trading bots and algorithms that allow for rapid decision-making in high-stakes trading environments.
- Large Capital Accounts: You can trade with account sizes ranging from $50,000 up to $1 million, offering traders the chance to manage large portfolios without upfront costs.
How to Use the Algo Forex Funds Discount Code “INVEST”?
Using the Algo Forex Funds discount code “INVEST” to get 20% off is easy. Follow these simple steps:
Step 1: Sign Up for Algo Forex Funds
Visit the Algo Forex Funds website and sign up for an account. Select your desired challenge or program, depending on your trading goals. The firm offers various levels, such as the HFT Basic and HFT Premium, which are tailored for different trader profiles.
Step 2: Select Your Evaluation Program
After signing up, choose the evaluation program that best suits your trading needs. You’ll find that Algo Forex Funds offers multiple options, from lower-tier accounts starting at $50,000 to high-end evaluations at $1 million.
Step 3: Apply the Discount Code
Once you’re at the checkout page, simply input the discount code “INVEST” in the designated field and click apply. The 20% discount will reflect on the final price, allowing you to save on your investment journey.
Algo Forex Funds’ Evaluation Process
The evaluation process is key to ensuring that traders are ready for real-market conditions. Algo Forex Funds requires traders to go through an evaluation phase before they get access to funded accounts.
The evaluation challenge is divided into two phases. The first phase requires you to meet a 6% profit target without exceeding a 6% daily drawdown or a 20% overall drawdown. You are given enough flexibility to reach these targets without rushing through the challenge. For example, there are no minimum trading days on their premium account, meaning you can take your time.
Once you pass the first phase, you’ll move to the second phase, where you’ll have to meet a smaller profit target of around 5%.
After successfully completing these phases, you get access to a funded account with a profit split of up to 80%. As you grow, there’s even a chance to increase your share to 90%. Weekly payouts ensure that you get your earnings promptly.
Why Traders Love Algo Forex Funds?
The company is highly rated for several reasons:
Access to Advanced Tools
Traders have access to the MT4 and MT5 trading platforms, two of the most popular trading platforms in the world. This provides a range of features, from automated trading to comprehensive technical analysis.
Support for Various Trading Strategies
Whether you’re into forex, indices, commodities, or even cryptocurrencies, Algo Forex Funds supports a wide variety of trading strategies, making it versatile for both beginners and experienced traders.
Flexibility with Bots
You can use high-frequency trading bots during the evaluation phase, making it easier to meet the required profit targets. Just be mindful that the bots cannot be used once you transition to a funded account.
Large and Varied Account Sizes
The range of account sizes ensures that traders at different skill levels can find a plan that works for them. With accounts ranging from $50,000 to $1 million, Algo Forex Funds is ideal for those looking to grow their trading capital without risking too much of their own money upfront.
Is Algo Forex Funds Legit?
Forex trading is a highly competitive market, and with so many offers out there, it’s natural to wonder if Algo Forex Funds is a scam. However, the firm boasts a strong reputation, with a Trustpilot rating of 4.2. Additionally, their clear terms and conditions, transparent evaluation process, and the backing of FXDD Mauritius as a broker further validate their legitimacy.
Payment Options and Checkout Process
Algo Forex Funds makes it easy to pay for your evaluation or funded account. You can use credit/debit cards, PayPal, or even bank transfers. Once you’ve selected your account size and applied your discount code, you’ll be guided through a secure checkout process.
There’s also the option to pay using cryptocurrencies for those who prefer decentralized payment methods. Once payment is completed, your account will be set up, and you’ll be ready to start trading.
Understanding the Terms and Conditions of Algo Forex Funds’ Discount Codes
While using discount codes, it’s important to be aware of the terms and conditions. For instance, the “INVEST” code is valid for all new accounts but may not be combined with other offers. Additionally, there may be eligibility requirements based on the type of challenge you choose. Always make sure to read the fine print when applying any coupon code to avoid surprises during checkout.
Growing Your Trading Knowledge with Algo Forex Funds
Algo Forex Funds is not just a trading platform; it’s a learning experience. They provide plenty of educational materials and tools for traders looking to sharpen their skills. By passing through the evaluation phases, traders develop a disciplined approach to the markets, learning key strategies along the way.
If you’re new to trading, it’s essential to study the market and understand the risks before diving into a prop firm account. While tools like high-frequency trading bots can assist during the evaluation phase, developing your own trading expertise is crucial to maintaining long-term success.
Social Media and Support
For those who prefer to stay connected through social media, Algo Forex Funds maintains an active presence on Instagram, where they boast 10.5k followers. Their posts provide trading tips, company updates, and the latest challenges and offers.
Need help? Algo Forex Funds also offers customer support via email at support@algoforexfunds.com. Whether you have questions about the discount code, the evaluation process, or general inquiries, the support team is there to assist.
Conclusion: Why You Should Use the “INVEST” Discount Code Today?
If you’re serious about improving your trading and want to take advantage of a reputable prop firm, Algo Forex Funds is an excellent choice. The discount code “INVEST” offers a 20% discount, giving you a great opportunity to save while setting yourself up for success in the forex world.
Whether you’re interested in HFT, crypto, or other trading strategies, Algo Forex Funds has the tools, resources, and support needed for traders to thrive. Now is the perfect time to jump in, use the INVEST promo code, and start your journey towards mastering the forex markets.
Don’t forget to explore their different challenges, learn from their resources, and get involved in their active trading community. It’s time to grab that 20% off with the “INVEST” discount code and begin your forex trading success story.
