FAQ
Frequently Asked Questions
Checkout our frequently Asked Questions below.
General
SNR is a software development company that specializes in developing, deploying, and optimizing algorithmic trading bots. Through automated trading, our goal is to provide individuals, regardless of their trading experience, the ability to generate profits seamlessly from the forex market. Our bots can be accessed through the platforms of our partner brokers.
If you are looking to generate passive income effortlessly, SNR provides a unique solution that can offer you a steady flow of returns on your investment through algorithmic trading. Our platform allows you to benefit from the forex market regardless of your trading experience.
Getting started is simple. Begin by choosing one of our partner brokers on our website. You will be redirected to their website, where you can complete the application process, set up a trading account, and fund it using their platform. Once this is completed, we will deploy our bots to your trading account, which will then automatically trade on your behalf.
Our bots can only be accessed through one of our partner brokers. If you already have a trading account with one of our partner brokers, you can easily request a transfer to SNRobotiX's portfolio. If not, to begin, you'll need to sign up through our website, as mentioned in the previous question.
You can click here to contact us or simply send us an email on hello@snrobotix.com
By signing up through SNR with one of our partner brokers, you technically become a client of both. The broker manages your trading account and funds, while SNR oversees your trading activities. As a result, you will receive emails from both parties, which you can choose to unsubscribe from at any time. Don't forget to review your 'Daily Confirmation' statement. Here is a guide to assist you in understanding it.
The ‘Daily Confirmation’ e-mail is sent to you at the end of each trading day by our partner broker. You will receive it if trades were executed on that day, and if you have open positions from previous days. Here is a guide to assist you in understanding it.
Trading
A bot is a computer program designed by traders or developers to open, manage, and close trading positions automatically at the right time based on a trading strategy, also called an algorithm. You can read more about it here
After signing up with our partners, we will deploy our bots to your trading account. These bots will automatically open, manage, and close trades based on the algorithms they have been developed upon. SNR consistently optimizes these models to ensure that the bots continue to trade at their best.
Yes, you have the option to open new trades manually and override any positions that have been opened by SNR through the broker's MT5 platform (web or app). However, it's important to note that doing so could potentially impact the bots' performance, as all trading positions are determined based on free margin and drawdowns.
You can stop SNR from trading on your account at any time, by simply sending us a cancellation request on our email hello@snrobotix.com and specifying how you want us to manage your open positions.
The bots are designed to automatically open, manage, and close trades based on specific algorithms. They will only execute trades when the predefined conditions they have been programmed with are met. If the bot is not currently trading, it suggests that these programmed indicators have not been met. Another possible reason could be that your account already has a significant number of open positions. To manage risk, our bots may refrain from initiating new trades, even if the conditions are met, to prevent overexposing your account to additional risk.
The bots are predominantly designed to manage risk. To protect your account, bots will occasionally, based on the programed algorithms, close a trade at a loss to prevent bigger expected losses.
You have multiple options to monitor your trading performance. Our partners send out daily and monthly account statements to your registered email. These statements provide a clear breakdown of all trading activities executed by our bots, the resulting profits (or losses), open positions, and your account's overall balance and equity levels. You can also access a guide on how to read these statements by downloading it here. Additionally, you can log in to your account on our partners' websites and navigate to the 'history' section to review your account activity.
Money management
SNR is a platform designed to automate your trading. We do not have any access to or control over your funds, which you deposit directly into your trading account with one of our regulated partner brokers.
At SNR, we exclusively partner with regulated brokers to ensure the security of your funds. Regulated brokers must demonstrate to regulatory authorities that they possess substantial capital, enabling them to fulfill all orders, regardless of potential exposure. Additionally, these brokers provide deposit protection and investor compensation schemes, safeguarding investors by offering compensation if an investment firm fails to return the investor's assets. For more information, please consult our partners' websites to understand their regulatory affiliations and visit the regulators' websites to gain insight into the specific protections offered. If you have any specific inquiries, please don't hesitate to contact us here or simply send an email to hello@snrobotix.com.
Yes, you have the flexibility to withdraw your funds at any time, for any reason. You can easily manage withdrawals directly through our partners' platforms by logging into your account. Moreover, you can make multiple partial withdrawals as needed. If you have open trades, we will inquire about how you'd like us to handle them before executing the withdrawal, especially if the withdrawal amount might expose your account.
We do not have a minimum deposit requirement to initiate trading with your funds. Our bots trade a percentage of the account balance. Consequently, greater account balances can lead to higher potential gains. Nevertheless, we recommend a minimum deposit of $1000 or its equivalent to generate significant returns.
SNR receives a percentage of the generated profit or a rebate on the trading activity executed by our bots. These fees are paid directly to us by our partners. This structure signifies that the more we generate profits for you, the more our earnings increase.
SNR doesn't manage or have control over your funds, so we don't handle any tax reporting in any jurisdiction. It's your responsibility to report your trading activity to your local tax authorities according to your local rules and regulations. If necessary, you can access a comprehensive trading report by logging into your account on our partners' websites and downloading the report from the history section. Feel free to contact us here or send an email to hello@snrobotix.com if you have any questions.