Introduction to ALGO Forex Funds
ALGO Forex Funds is a proprietary trading firm offering instant funding and evaluation-based funding programs, providing traders with multiple opportunities to access capital. The company collaborates with the reputable broker FXDD Mauritius, benefiting from its professional infrastructure and strong support services.
Collaboration with FXDD Mauritius
One of the key strengths of ALGO Forex Funds is its partnership with FXDD Mauritius. This collaboration enables the company to utilize FXDD’s advanced infrastructure and dedicated servers to support traders effectively. FXDD Mauritius is a professional brokerage firm offering multilingual customer support and financial services in over 124 countries. While this partnership enhances ALGO Forex Funds’ credibility in the proprietary trading industry, it does not necessarily guarantee long-term stability and sustainability.
ALGO Forex Funds Company Profile
| Feature | Details |
|---|---|
| Company Name | ALGO Forex Funds |
| Founded | 2023 |
| Country | Hong Kong |
| Main Services | Instant Funding, Evaluation Accounts |
| Broker | FXDD Mauritius |
| Trading Platforms | MetaTrader 4 (MT4) & MetaTrader 5 (MT5) |
| Maximum Drawdown | 20%-25% |
| Daily Drawdown | 6%-8% |
| Profit Target | 6% (for Evaluation accounts) |
| Time Limit | None |
| Minimum Trading Days | None |
| Trading Methods | Manual & Automated (Expert Advisors) |
| Profit Withdrawals | Weekly |
| Fees | Vary by account type; from $757 to $7,398 (excluding discounts) |
| Customer Support | 24/7 |
| Global Service Availability | Worldwide (Except Iran, North Korea, and the USA) |
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Key Features of ALGO Forex Funds
✅ Instant Funding
Traders can access funded accounts immediately without passing an evaluation process. This option is ideal for experienced traders who prefer to skip lengthy assessments.
✅ Simplified Evaluation Process
- The evaluation consists of only one phase with a 6% profit target.
- No time limit for completing the evaluation.
- No minimum trading days required.
✅ Flexible Trading Conditions
- Supports MetaTrader 4 & 5.
- Allows automated trading strategies (Expert Advisors).
- No restrictive trading rules.
✅ Reputable Broker Partnership
The firm’s backing by FXDD Mauritius increases trust among traders.
ALGO Forex Funds Trading Programs
ALGO Forex Funds offers two main account types:
1️⃣ Evaluation Accounts (ALGO Premium): Designed for traders who want to prove their skills before receiving a funded account.
2️⃣ Instant Funding Accounts: Suitable for traders who want direct funding without going through an evaluation process.
Evaluation Account Details (ALGO Premium)
Traders must achieve a specific profit target while following defined risk management rules.
| Account Size | Profit Target | Daily Drawdown | Total Drawdown | Leverage | Fee |
|---|---|---|---|---|---|
| $100,000 | 6% | 6% | 20% | 1:100 | $757 |
| $250,000 | 6% | 6% | 20% | 1:100 | $1,263 |
| $500,000 | 6% | 6% | 20% | 1:100 | $2,088 |
| $800,000 | 6% | 6% | 20% | 1:100 | $3,287 |
| $1,000,000 | 6% | 6% | 20% | 1:100 | $4,068 |
Advantages of ALGO Premium
✅ No minimum trading days required
✅ No time limit for evaluation
✅ Higher drawdown limits compared to competitors
✅ Suitable for diverse trading strategies
Instant Funding Account Details
For traders who wish to trade with a funded account immediately, bypassing the evaluation phase.
| Account Size | Daily Drawdown | Total Drawdown | Profit Split | Leverage | Fee |
|---|---|---|---|---|---|
| $100,000 | 8% | 25% | 80% | 1:100 | $1,378 |
| $250,000 | 8% | 25% | 80% | 1:100 | $2,298 |
| $500,000 | 8% | 25% | 80% | 1:100 | $3,798 |
| $800,000 | 8% | 25% | 80% | 1:100 | $5,978 |
| $1,000,000 | 8% | 25% | 80% | 1:100 | $7,398 |
Advantages of Instant Funding
✅ No evaluation required
✅ 80% profit split for traders
✅ Up to 25% total drawdown, one of the highest in the market
Trading Rules & Conditions at ALGO Forex Funds
One of the key strengths of ALGO Forex Funds is its transparent trading conditions, which are essential for trader success.
Key Trading Rules
✅ Leverage:
All accounts offer 1:100 leverage, allowing traders to maximize their capital efficiency.
✅ Tradable Instruments (Symbols):
Traders can trade Forex pairs, precious metals (gold & silver), indices, commodities, and cryptocurrencies.
✅ Maximum Drawdown Limits:
- Daily Drawdown:
- Evaluation accounts: 6%
- Instant Funding accounts: 8%
- Total Drawdown:
- Evaluation accounts: 20%
- Instant Funding accounts: 25%
✅ Profit Target:
- Evaluation accounts require a 6% profit target.
- Instant funding accounts have no profit target.
Trading Restrictions
ALGO Forex Funds has implemented certain guidelines to maintain high-quality trading standards:
✅ Overnight & Weekend Trading:
Traders can hold trades overnight and during weekends.
✅ Automated Trading (Expert Advisors):
The use of Expert Advisors (EAs) and automated trading strategies is allowed, provided drawdown limits are respected.
Trading Platforms
ALGO Forex Funds supports the popular MetaTrader platforms (MT4 & MT5), known for their intuitive interface and advanced trading tools.
| Key Trading Conditions | Details |
|---|---|
| Leverage | 1:100 |
| Daily Drawdown | 6% (Evaluation), 8% (Instant) |
| Total Drawdown | 20% (Evaluation), 25% (Instant) |
| Profit Target | 6% (Evaluation) |
| Trading Platforms | MetaTrader 4 & 5 |
| Tradable Assets | Forex, Metals, Indices, Commodities, Crypto |
| Overnight & Weekend Trading | Allowed |
Final Thoughts on ALGO Forex Funds
ALGO Forex Funds stands out with its instant funding options, transparent rules, MetaTrader support, and EA-friendly policies. Its strong infrastructure, backed by FXDD Mauritius, makes it an appealing choice for both professional and beginner traders.
However, before making a final decision, we recommend reading user reviews and sharing your own experiences with the Fundfa community.
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