Any review on AlgoMerchant, a Singapore startup using robot trading? ?

Theiir website and youtube are not updated. Seem dormant

I retract my earlier write up against Algomerchant which is my personal bias with apologies

For me using (their Trident robot) since July 2018, returns are roughly in line with the S&P 500 (~3% up since July 2018). However I put in only a small sum to test (since the returns in $ terms are small) and the 1080 fees I paid for 1 year subscription didn't pay for itself. Also, they choose very selective representation of a small sample period to show that they outperform the market by XX times, however as based on my experience there isn't enough evidence to show that they outperform the indexes.

My suggestions for Algomerchant management:

1) have a free or heavily discounted trial period

2) be more responsible in your representation

3)work more on existing products instead of rolling out new robots

Personally, I won't be renewing my subscription as I feel just purchasing an index fund is probably more cost-effective and until their robots have demonstrated consistent outperformance in a live trading environment for an extended period of time (at least 1-2 years) there is no difference to an index/mutual fund.

Terrible. dont try it. Product still in beta. Team is weak in presenting and also actual support.

They charge 100SGD a month for platform fees for their auto robot trading Orion.

I tried it for 6 months and lost 17% of my initial 10k investment , excluding platform fees.

They tried to sell me their other robot when I said the returns were terrible.

Extremely poor and expensive experience. Please do not invest.