Welcome to Algovaro — set up on TegasFX

Step 1

Complete KYC

KYC stands for "Know Your Customer" and is a regulatory requirement for every broker. TegasFX needs a few documents from you before you can trade. During business hours, the review typically completes within a few hours — in most cases no longer than 24 hours.

What you need

• Valid photo ID (national ID, passport, or driver's license)
• Proof of address not older than three months (utility bill, bank statement, rental contract — no mobile phone bills)
• If needed: source-of-funds proof (e.g. payslip, depending on account volume)

Common pitfalls

• Proof-of-address format TegasFX accepts PDF, JPG, or PNG, no Word or HEIC files. On iPhone, set camera to "Most Compatible", not "High Efficiency".
• Proof of address too old The document must not be older than three months. Older bills or statements are rejected.
• No official utility document Accepted are official utility bills (electricity, gas, water), bank statements, and rental contracts. Mobile phone bills, online order confirmations, or informal receipts are not accepted.
• Address mismatch If the proof of address shows a different address than the ID, a short explanation (moving context) needs to be attached.
• KYC delay over 24 hours during business hours Contact TegasFX support directly — the review is typically much faster.

Step 2

Choose and purchase account

AlgoPriceAction runs on three account variants. Funded is the main path in two flavors — Funded Classic (10% drawdown limit) and Funded Scaled (20% drawdown limit). In both cases you pay a one-time setup investment and get access to many times the trading capital. Standard is the third variant for customers who work with their own capital and don't want a drawdown limit.

Funded variants (Classic and Scaled)

With the Funded account, the client pays a one-time setup investment and in return gets access to many times the trading capital, on which AlgoPriceAction runs. The account is held in the client's name — TegasFX tops up the trading capital by boosting the margin. The client's maximum risk is limited to the setup investment: when the drawdown limit is reached, the account is automatically closed without the client having to inject additional capital. The difference between the two variants is risk calibration: Funded Classic runs conservatively with a 10% drawdown limit and a setup investment of 10% of capital. Funded Scaled runs more actively with roughly three times the position size, a 20% drawdown limit, and a setup investment of 20% of capital. Which variant fits the client depends on personal risk profile — we don't recommend one over the other.

Setup-investment table

Premium variants: Funded $250,000 (Classic $24,999 / Scaled $49,999), Funded $500,000 (Classic $49,999 / Scaled $99,999), and Funded $1,000,000 (Classic $99,999 / Scaled $199,999) are available and discussed via a personal initial call.

Risk-multiplier recommendation

• $3,000 – $10,000: Risk multiplier 1.0 (standard for Funded entry)
• $25,000 – $100,000: Risk multiplier 1.0 (standard) or 0.5 (conservative, for risk-averse users)
• $250,000 and higher: discussed individually in a personal initial call

The risk multiplier is conservatively calibrated for Funded Classic (see Drawdown block below), because the 10% funded limit is a hard ceiling. For Funded Scaled the calibration is higher (roughly three times the position size of Classic), with the 20% limit providing correspondingly more buffer. Increasing the multiplier above the standard recommendation increases the risk of exceeding the respective drawdown limit (10% for Classic, 20% for Scaled) — if the limit is exceeded, the account is eliminated and the entire setup-investment amount is lost.

Standard variant

The Standard account is for customers who work with their own capital and don't want a drawdown limit. Here the full capital is deployed, and there's no external closure threshold. The advantage: higher upside scalability, no setup investment. The disadvantage: full capital is in the market, and maximum drawdown is not externally bounded.

Minimum deposit: $1,000 (TegasFX requirement). No upper limit.

No setup investment on the Standard account — you carry the full capital risk, and there's no one-time setup fee.

Return option

Step 3

Setup-investment trust

The setup investment isn't a fee in the classical sense. It's the entry into a system that pays for itself over time.

The amortization logic

The central question isn't "what percentage does the system produce per month," but: "In what time has my setup investment been recovered by the generated cash flow?"

This mindset corresponds to the logic of classic real-asset investments: no one sells a solar installation with "8% annual return," but with "amortizes in 12 years, then 18 years of pure cash flow." The same mental model applies to AlgoPriceAction.

The amortization logic applies per account

A frequent question in initial calls: "If I withdraw money from the account along the way, does my amortization extend?"

The answer is no. The amortization of an account is determined by the profits earned on that account, regardless of what you do with the cash flow — whether you withdraw it, leave it on the account, or reinvest it into additional accounts. Amortization is a profit calculation per account, not a cash-flow calculation per portfolio.

With multiple accounts, each account amortizes for itself by the same logic.

Jan/Feb 2026 — the live proof of active monitoring

Every strategy has weak phases. The most documented phase of the system lies in January/February 2026.

In late January 2026, the currency pairs ran into an unusual correlation constellation. In the AUD/CAD/NZD space, the market structurally came under an event that no historical market phase had ever reflected (Iran escalation, the largest US military build-up in the Middle East since 2003).

On the night of 28 to 29 January, our traders began closing positions in tranches. Controlled reduction, no panic. Final close on 2/3 February. Realized loss: 4–5%.

Three weeks later — on 28 February — the US and Israel began the air war against Iran with Operation Epic Fury. Iran closed the Strait of Hormuz. Commodity currencies were fundamentally repriced with no prospect of returning to the old levels. Anyone still holding open positions on old correlations at that point saw drawdowns no historically trained system can absorb.

The simulated alternative without intervention: a drawdown of 8 to 9% on 3 February, against a Funded limit of 10%. We would have been less than two percentage points from total closure.

Better to realize 4 to 5% than to risk an entire account. That's our principle.

Verification

This performance history is verified live on MyFxBook. You can check the charts independently — the three Algovaro live accounts (Funded Classic, Funded Scaled, and Standard) are publicly accessible there.

Step 4

Set up copy connection

Your account is set up. Now one last step, max 5 minutes, then the system runs.

What you should have ready

• Your MT5 account number (from the welcome email by TegasFX)
• Your MT5 password (from the same email)
• Knowing which account type you have (Funded Scaled, Funded Classic, or Standard) — this determines the connection link

Direct links to the copy connection

The copy connection runs through the FxCopy portal. Choose the link that matches your account type:

Step by step

1. Enter access credentials. On the FxCopy page, enter your MT5 account number into the "Trading account" field and your MT5 password into the "Password" field.
2. Confirm the notice. You'll get a notice dialog about the copy logic — confirm it.
3. Check settings and activate. On the profile page, check the preset risk multiplier (default is 1.0, for conservative calibration 0.5 — the recommendation per account size is in the "Choose account" block) and start the connection via the activate button.

What you'll see afterward

As soon as the master account opens a trade, the position is copied to your account immediately — typically in the millisecond range, always under one second. The trade mirroring itself isn't what you're waiting for.

What can take longer: until the system recognizes the next matching trade setup — see "What happens now" block on trade frequency.

In the FxCopy subscription profile, "Copied positions" will be counted up as soon as the first position has been mirrored. In parallel, you'll also see the trades directly in your TegasFX dashboard.

If something gets stuck

• "Login failed" or similar error message Almost always an incorrectly copied password. Take the MT5 data directly from the TegasFX email, don't type it out.
• No matching offer / wrong account type Usually a Standard link landed at a Funded account (or vice versa). Write to Daniel — he'll send you the right link.

For anything else: a short email to Daniel. He'll help directly and can loop in TegasFX support if needed.

Background

What drawdown actually means

If you see a drawdown on your account in the first few weeks, that's normal — and in most cases harmless. Here's the distinction you need to understand before reacting in any way.

The two terms

Drawdown: the realized or unrealized loss on your account, measured as a percentage of the last equity peak. This is the metric you see in the MyFxBook chart.

Deposit Load: the portion of your account capital currently tied up as margin in open positions. Measures not loss but risk exposure — how much of your capital is "in the market".

Why the distinction matters

The January/February 2026 story (see above) is the live example of this difference. The actual loss was unspectacular (4–5%). What triggered the intervention was the combined risk exposure: drawdown plus deposit load were jointly approaching the critical zone. Had our traders not intervened, deposit load would have risen to 18.56% — at that level of utilization, hardly any defensive maneuvers remain, the account would have been practically unable to act.

What this means for your reaction

If you see a drawdown in the first months — stay calm. Look at the deposit load. If it's low (under 10%), the drawdown is a perfectly normal phase and the system will resolve it as soon as the position turns to profit.

If deposit load rises together with drawdown: we see it, we intervene, you'll be informed (see "What happens now" block).

Funded-limit logic

On Funded Classic accounts, the standard risk setting would be fatal. Most Funded programs have hard 10% drawdown limits — if exceeded, the account is closed immediately. With Funded Scaled the limit is higher (20%), and the strategy can correspondingly run at a more active calibration.

That's exactly why on Funded accounts we run a more conservatively calibrated variant: we deliberately reduce the risk taken so that maximum drawdown stays clearly below the 10% limit.

The result: on the Funded Classic variant, the historical maximum drawdown sits at around 5% — which still leaves us five percentage points of buffer on every 10% Funded Classic account to ride out weak phases and bring the account back into profit instead of losing it. With Funded Scaled, the strategy runs more actively, with expected real drawdown amplitude around 15% and a corresponding 20% buffer.

Realistic expectations

The two losing months on both accounts are exactly the same — January and February 2026.

What's next

What happens now

Your system is running. Here's what you can expect in the next days, weeks, and months.

First trades — when they come

The opening of the first trade depends on the market. AlgoPriceAction trades on average 1–2 trades per week — there can be weeks with multiple trades, but also weeks without a single trade. The fact that "nothing happens" at the start is not an error — the system is waiting for matching setups.

Performance available at any time

The cumulative performance of the Algovaro master accounts is verified live on MyFxBook and publicly accessible at any time. You can check the current state at any point — gain, drawdown, open positions, equity curve.

For controlled interventions or specific market phases, you'll receive a brief email when there's something to say — no fixed monthly updates, only when there's actually something to communicate.

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