AlgoMerchant does not impose a minimum investment amount. However, this may vary depending on your broker. For example, Interactive Brokers requires a minimum of USD2,000 (approximately SGD3,500) to start trading.
As a general guide, the following factors should be taken into account when determining your trade capital:
- Broker fees to enter or exit each position
- Your trade size
- Your desired number of maximum positions
You can also simulate the potential returns of your selected Robo-Invest Solutions upon logging into platform, to gain a better understanding of how your trade capital may impact your returns.