Frequently Asked Questions
All your questions answered
How much money do I need to get started?
IG's minimum position is 0.2. To open such a position with IG, you need approximately 270 EUR. You always have full control over your account – we never have access to your funds, and you decide the position size yourself.
Is it easy to get started?
Yes, the algorithm is easy to use and we provide short, easy-to-follow video guides. We recommend familiarizing yourself with the basics before starting so you can use the service safely and confidently.
Why do you rent out your systems if they are so good?
We of course use them ourselves in our own live trading. Making them available to others allows more people to benefit from the tools we have spent thousands of hours developing. Just like funds share value with their investors, we want to share our tools with more users – our customers consider them worth the investment.
Does it work?
Our systems are used daily by both ourselves and our clients, and the results are completely transparent. You can follow performance on our results page and social media. While no serious provider can guarantee future profits, we openly share our results and our Discord is open to everyone, where you can see, compare, and learn from others’ experiences.
Does AlgoTradingBots have control over my money?
It’s important to understand that AlgoTradingBots has no access to, control over, or interest in your funds held with your broker. We provide the algorithms, and while we guide you on how to set them up, we have nothing to do with your accounts at your broker or ProRealTime. We take no commission from your profits.
What is the minimum amount I can run an algo with?
IG.com, the broker, has a minimum size for each instrument, which is roughly around 270 EUR.
How do I join the Discord?
Click the button at the top right labeled: 'Discord Group'.
How can I contact you?
You can either join our Discord, reach out via social media @AlgoTradingBots, or send an email to info@algotradingbots.com.
Do your algos only trade Monday to Friday?
Yes, all algos trade Monday to Friday, though some only trade on specific days. If you want to know more about a particular algorithm, visit 'Our Algos' on the website and click 'Read more about this algo'. Scroll down on that page for detailed info about the bot.
In the guide, it shows position size: 2.4 for Nasdaq – how do I know how much money that represents?
To see exactly how much 2.4 represents, follow these steps: Go to IG.com, open the dashboard, click the blue button 'Open Platform', use the search function on the left to find the market you're looking for (in this case Nasdaq/US Tech), choose buy/sell on the chart, enter 2.4 (or the size you want to check), then check the 'Margin Requirement' below – this shows how much you need in your account.