The Algorithmic Trader Review: How These Things Work?
One of the key facts is that the company is registered in Cyprus. It’s a country generally known for too many swindlers. Except for the regulated ones. Nevertheless, MJ Technology LTD is so far without any warnings or reviews.
But if it’s going to stay that way, we are about to see. In any case, our honest The Algorithmic Trader review presents you with the most important details.
Main Pros And Cons Of The Company
Even though they claim to have had the software running for almost three years, the website exists only since 2022. At least according to who.is research. This is not a good starting point.
In any case, if the whole idea of an auto-trading system is to generate passive income, why don’t they do it themselves? Of course, expect the answers related to helping other people.
|Reliable Broker Must Have
|MJ Technology LTD
|Transparently displayed in the disclaimer or legal documents
|Within your legal jurisdiction – local regulator
|Your country or the country whose license applies in your legal jurisdiction
|The older the domain – the higher the possibility the company is trustworthy
|Domain should be from local or international zones, no .xyz, etc.
|Financial Authorities Warnings:
|Phone, email, social media, web form
|If a withdrawal is possible:
|Transparent fees – list of spread and commissions
|If Active on Social Media:
|Often present on social media
|14-day money-back guarantee
Important to realize is that the-algorithmic-trader.com is not revealing any licenses. Thus, the company doesn’t provide financial services. Instead, they just provide you with technology. In any case, it’s recommended to trade with FCA, BaFin or ASIC-licensed companies to avoid any irregularities. Also, to use proven technology.
The Algorithmic Trader Broker Profile
Alchemist trading algorithm is the main advantage of this company. You have to simply connect it to any trading account with MT4 access and you are ready to go. Of course, for access to the software you have to pay monthly fees, which is understandable. Yet, there is no demo account or any legitimate review to prove the company’s statements.
|Proprietary AI trader
|Silver, Gold, Platinum
|Financial Instruments On Offer:
|Education or Extra tools:
Is This Software Safe?
Generally speaking, it should be. Yet, with newbies in the trading world, you can never know. Especially when you see that almost every broker offers auto-trading features. After all, it’s better not to risk anything and stay with Tier 1 regulated brokerages.
Another key warning sign is their promotion. Once you get on the website for the first time, you’ll get a limited-time offer. But try checking the offer after the time expires. You’ll definitely get the same. Even though, that’s not a scam sign but a marketing trick to get you on board, you know that in the trading world, nothing can work under pressure.
How Does The Algorithmic Trader Platform Reach Clients and Who Are They?
To be honest, the company has quite solid promotions on Instagram and YouTube. Thus, for any more information, you have to contact them via Telegram or e-mail. In any case, you can see these ads every now and then on many social network platforms.
Yet, the buyers of the ALCHEMIST Software mainly come from:
- United Kingdom
- United States
Once you read our ETO Markets review you will get the knowledge to recognize trusted companies. But there is a difference between auto trading software and AI Analysis Bot. With the software, you are not in charge of trades. In one click, all users can lose all of their funds. Yet, with our AI Analysis Bot, you are getting the necessary information, but still, you keep controlling your trades.
Deposits and Withdrawal Methods
Important to realize is that the billing plans don’t have any special benefits, except for lower payment fees in the long run. In any case, all the payments are processed through the Stripe processor. Therefore, you can use any debit or credit card. This is a positive thing since you can get a chargeback. Of course, if something goes wrong.
Withdrawals are only depending on the broker you are working with. Practically, The Algorithmic Trader is dissociating themselves from those responsibilities. On the positive side, if you don’t like the service you have a 14-day money-back guarantee. To learn more about the trading world, we suggest you check our genuine FMTrader review as well.
Reasons To Avoid This Company
In fact, there are a few irregularities. Primarily with their registration date and the country they are coming from. Besides, they don’t offer any significant benefits for their account types. You know, every fairy tale that sounds too good to be true, is mostly like that.
Therefore, we suggest you stick with licensed brokers. However, it’s recommended to find yourself the most suitable tools. After all, those can improve your results. Still, it’s key to keep control in your hands. A great example of how to do that, you can find in our TDX Global Technologies review.
How Can I Make Money While Trading Online?
Either you can try learning for 10+ years how to trade or find yourself suitable tools. With auto-trading software, it’s always a risk that it’s manipulative. Yet, you can keep trying and throwing money away until you find the right one. On the other hand, you can use our AI Analysis Bot.
A combination of historical data and live charts can be a powerful thing to maximize your profits. You see the patterns with crises every now and then. But also what happens on the market at the time. Therefore, to utilize these opportunities and fill your pockets, get in touch with our team for consultation. To see how this can work out for you, won’t cost you anything in the first meeting.
What Is The Algorithmic Trader?
The Algorithmic Trader is a Cypriot company offering auto-trading services with different payment bundles, thus without any credibility.
What does The Algorithmic Trader offer?
There are three plans for auto-trading software. But there, you are not in control of the trading. Instead, you can use our AI Analysis Bot where you are the key!
How does The Algorithmic Trader work?
You have to register with another brokerage that has MT4 available. Otherwise, you can’t use it. That’s why we suggest you contact our experts for even better solutions.