Frequently Asked Questions
Everything you need to know to get started with AlgoKits - no experience needed
Starting from Zero
What is AlgoKits?
I've never traded anything in my life. Can I still use this?
What exactly am I paying for?
So I need to pay AlgoKits AND put money somewhere else?
Understanding the Basics
Can I use this with prop firm accounts?
What is MetaTrader 5? Do I have to pay for it?
What is a broker and why do I need one?
How do I choose a broker? This seems overwhelming.
What's the difference between Gold and Nasdaq strategies?
When does the software actually trade?
What's the difference between Self-Managed and Managed Service?
Do I need my own VPS or does AlgoKits provide one?
Money & Risk (The Important Stuff)
How much money do I need to start?
Can I lose all my money?
How much profit can I realistically expect?
What fees will I pay besides the subscription?
Setting Everything Up
Complete beginner setup - Step by step
Do I need to leave my computer on 24/7?
What is a VPS and do I really need one?
What does '2 MT5 accounts' mean in my subscription?
What VPS credentials do I need to provide for Managed Service?
Common Fears (Let's Address Them)
Is this a scam? How do I know this is real?
What if I don't understand all the settings?
What if something goes wrong and the software makes bad trades?
Do I need to understand charts and technical analysis?
What if my internet goes down or computer crashes?
Using AlgoKits Every Day
What do I need to do every day?
How do I know if the EA is working correctly?
Can I turn off the EA when I want?
What happens if I forget to renew my subscription?
Subscription & Billing
How does the pricing work?
Can I really cancel anytime? What's the catch?
What payment methods do you accept?
Do you offer refunds?
What is the 'founding member' price lock?
Troubleshooting Common Problems
The EA says 'License Invalid' - what do I do?
The EA is running but not opening any trades
I can't find the EA after downloading it
I lost my license key / dashboard password
Can I use AlgoKits on a Mac?
Still Have Questions?
We've tried to answer everything, but if you're still unsure about something, check out our detailed guides in the dashboard after subscribing, or start with a demo account to test risk-free.
Risk Disclaimer: Trading involves risk of loss. Past performance does not guarantee future results.