Frequently Asked Questions
- What’s the difference between a “trading system” and “trading automation”?
- What’s the price of the AutomataFX Platform?
- What is “Rollover Cost/Interest” and does Automata FX charge/offer this?
- Is there a mobile version of the platform?
- Isn’t trading a DEMO account usually vastly different from real live trading results?
- What is the minimum amount of money I will need to deposit in order to begin trading?
- What leverage do you offer?
- What issues do I need to be aware of, if/when I intend to withdraw funds from my trade account?
- Will the Automata FX Platform work on any operating system?
- Can U.S. residents trade with Automata FX?
- Does Automata FX offer blank demo accounts for practice trading?
- What is the difference between conservative, moderate and aggressive Managed Accounts and PAMM Accounts?
- Does Automata FX offer a deposit bonus?
- How do I make deposits and withdrawals to/from my trading account?
- Where is Automata FX based and is the brokerage regulated?
- How are client funds segregated by Automata FX?
- What is the latest I can deposit into my Fast Track Managed Account?
- When and how will I see the performance of my Fast Track Managed Account?
- In which currencies can I see my Managed Account denominated?
What’s the difference between a “trading system” and “trading automation”?
A trading system or strategy is simply a set of trading rules or conditions which a trader follows in order to execute his or her trades. Trading automation helps to automate the execution of those trades, meaning you don’t need to sit in front of the computer 24 hours a day. It also eliminates most of the human emotion, which is largely responsible for a lot of bad trades. Our platform is a completely stand alone, fully customizable, self-contained trading platform which utilizes its very own indicators, commands, and mathematical algorithms to build over 38,000,000 possible executable trading setups, all of which are 100% transparent.
What’s the price of the Automata FX Platform?
We are proud to offer access to the world’s first completely automated Forex trading platform (powered by the 4X-DAT™ software) with no upfront costs. In addition to our already low spreads, the platform simply collects a trade automation fee of just one pip per trade.
What is “Rollover Cost/Interest” and does Automata FX charge/offer this?
Rollover is the interest paid or earned for holding a Forex trade overnight. Automata FX does not credit our clients’ accounts nor does it charge our clients for Rollover.
Is there a mobile version of the Automata FX platform?
Not at this time, however, we are working on a mobile platform capable of sending you alerts, trade notifications, etc. Stay tuned!
Isn’t trading a demo account vastly different from real live trading results?
Typically yes. However, with effective automated trading, the results don’t have to differ too dramatically. In fact, using the AutomataFX platform, there is virtually zero difference between real live trading and demo trading,because the software merely processes data. It has no emotions and doesn’t care whether it is trading real money, fake money, or marbles.
What is the minimum amount of money I will need to deposit in order to begin trading?
The minimum account size required to trade Independently with our automated platform is $100,000 USD. We realize that some people, would prefer to start with much less. For these individuals we also offer Managed Accounts, with a minimum deposit requirement of just $5,000. Click here to read more about our Managed Account program.
What leverage do you offer?
We offer leverage of 25:1, or 4% margin.
What issues do I need to be aware of, if/when I intend to withdraw funds from my trade account?
It is absolutely imperative that you inform us prior to your withdrawal. This is for your protection, so the software isn’t trying to execute trades that your new balance wouldn’t be able to handle. If a user removes funds from their account during a trading cycle, to the extent that it leaves the account below the minimum margin requirements for the software to be able to place recovery trades, he or she risks placing the remaining amount of capital that is left in the account in jeopardy.
Will the Automata FX Platform work on any operating system?
The platform is currently only supported by Microsoft Windows. Apple-MAC users will need to download and install a Windows converter on their MAC. We recommend Virtual Box, which is free, open source solution offered by Oracle. Click here for more information.
Can U.S. residents trade with Automata FX?
Due to U.S. regulations, Automata FX is unable to accept U.S. residents as clients. However, individuals who hold a valid International Business Company (IBC) may submit an application for a corporate account in the name of the IBC, in order to trade the funds of that IBC through Automata FX. IBC applicants will need to submit proof of business registration with their application.
Does Automata FX offer blank demo accounts for practice trading?
We currently offer an evaluation of our pre-built strategies, which is available on our Evaluation Page. We do not currently offer blank demo accounts for people to play with because most people get lost very quickly in the platform and often give up, as it is quite complicated. We have created preset strategies that produce fantastic returns and should meet anyone’s trading preference. We also offer tutorial videos to help you learn the inner workings of the software and maybe after evaluating our strategies you’ll discover a pre-built strategy that you love.
What is the difference between conservative, moderate and aggressive Managed Accounts and PAMM Accounts?
The only difference between the conservative, moderate and aggressive options in these account types is the size of the trades. The conservative account will have smaller trade sizes than the moderate and aggressive accounts. In a conservative account drawdowns will be smaller, but so will profits, while aggressive accounts will experience larger drawdowns, but have the potential for larger profits.
Does Automata FX offer a deposit bonus?
No. While many brokers will offer as much as a 20% bonus on your deposit, a true STP broker like Automata FX would take years to recoup that cost in spreads. So you have to ask yourself, how could a brokerage afford to start out with such a substantial loss on my business? Is it possible that they are trading against me and expecting to beat me out of that deposit bonus and much more? With Automata FX what you see is what you get. There are no games and no baiting schemes to pull you in, just honest execution and strategies that work.
How do I make deposits and withdrawals to/from my trading account?
Automata FX handles all banking (deposits and withdrawals) through bank to bank wire transfer. In order to maintain compliance with International Anti-Money Laundering (AML) regulations, Automata FX requires that all funds that are requested for withdrawal are to be returned to the bank account from which they were originally wired. Additionally, the owner of the trading account must be the owner of the bank account to/from which funds are transferred.
Where is Automata FX based and is the brokerage regulated?
Automata FX is domiciled in St. Vincent and the Grenadines. The Financial Services Authority (FSA) in St. Vincent and the Grenadines is responsible for ensuring that Automata FX complies with its obligations under the IBC Act. The FSA, however does not regulate trading in the Forex market. Trading at Automata FX is currently, not regulated.
How are client funds segregated by Automata FX?
Automata FX accepts deposits and executes withdrawals through the brokerage’s bank accounts, however, client’s trading funds are not held in our company owned accounts. Rather, client funds are transferred immediately to segregated trading accounts with our liquidity provider to be used solely for trading.
What is the latest I can deposit into my Fast Track Managed Account?
Within the managed accounts, new trading cycles begin on the first day of every month. In the case of the Fast Track Managed Account Program quarterly profits will be prorated based on the date of deposit. All clients with deposits before the 5th day of the first month of the quarter (January 5th, April 5th, July 5th, October 5th) will receive the profit generated for the entire quarter. All clients who deposit before the 5th of the following month (i.e. February 5th, May 5th, August 5th, November 5th) will receive 2/3 (two thirds) of the quarterly profits. All clients who deposit before the 5th day of the last month of the quarter (i.e. March 5th, June 5th, September 5th, December 5th) will receive 1/3 (one third) of the quarterly profit.
When and how will I see the performance of my Fast Track Managed Account?
Your Fast-Track Managed Account will be updated with results every three (3) months at the end of every calendar quarter. Additionally, profits will be compounded quarterly. You will see your updated balance in the BROKER WINDOW of your platform, however, in order to review all details of your quarterly profits and performance fees, you will find these in the CLOSED DEALS WINDOW of your platform. Please review the Platform Tutorial Videos to see step-by-step demonstrations of using the CLOSED DEALS WINDOW.
In which currencies can I see my Managed Account denominated?
Your Managed Account will default to USD. However, upon request, your managed account may be denominated in any of the following currencies.
High Risk Investment Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade the products offered by Automata FX Ltd. you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. Automata FX Ltd. provides general advice that does not take into account your objectives, financial situation, or needs.The content of this Website must not be construed as personal advice. Automata FX Ltd. recommends you seek advice from a separate financial advisor if you have any doubts.