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Algo Global -

Score

2.80 /10
Danger

Algo Global

Belize

5-10 years

Regulated in United Kingdom

Common Business Registration

MT5 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

https://algoglobal.net

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index1.25

Business Index6.86

Risk Management Index0.00

Software Index7.73

License Index1.25

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Algo Global Ltd

Company Abbreviation

Algo Global

Platform registered country and region

Belize

Company website

X

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Linkedin

WhatsApp

  • 5215564479048

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2025-01-06
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 16085980)Common Business Registration Non-Forex License. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Algo Global · Company summary

Note: Algo Global's official website: https://algogloballtd.com/ is currently inaccessible normally.

Algo Global Information

Algo Global was founded on 2024-03-05 in Spain by Algo Global Ltd, and this platform is currently unregulated.

Algo Global Information
Algo Global Information

Is Algo Global. Legit？

Algo Global operates without regulation, which exposes it to various risks. The absence of regulation can impact the transparency and fairness of trading, making it difficult to guarantee the quality of service. As a result, clients will have a negative trading experience, so clients should remain composed and choose a transparent trader.

Is Algo Global. Legit?

Downsides of Algo Global

  • Lack of Transparency

Algo Global should improve its transparency so clients can assess its operational conditions and risk levels accurately.

  • Unavailable Website

The website of Algo Global is currently inaccessible, and its reliability and accessibility are in question.

  • Leakage Risks

Inadequate information security measures at the broker make the client's personal and financial information vulnerable to leakage or attack.

Negative Algo Global Reviews on WikiFX

On WikiFX, “exposure” is information users pass on by word of mouth.

Clients must review the information and assess the risk before trading, especially for unregulated platforms. You can consult our platform for details. The client can find trader-related comments in our “Exposure” section, where our team will try our best to resolve any issues.

Conclusion

In summary, Algo Global operates without regulation, which may engender apprehension among specific traders concerning investor protection. Moreover, the absence of tradable assets and limited customer support could affect the overall trading experience. Hence, traders should thoroughly assess the platform's offerings and risks.

User Reviews

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User comment

4

Comments

Write a review

Ruben972
more than one year
ALGO GLOBAL executed a trade on my account that depleted my remaining funds. This transaction isn't reflected in my MT5 platform's activity log. While the terminal shows a sell order, the deals tab contradicts this by indicating a buy. Despite contacting this broker for assistance, they dismissed my concerns, claiming the trade originated from my IP address and thus absolving them of any responsibility. However, a system glitch causing this discrepancy could still utilize my IP. I further pressed them regarding the conflicting buy and sell messages within the trade details, but my inquiry was disregarded.
ALGO GLOBAL executed a trade on my account that depleted my remaining funds. This transaction isn't reflected in my MT5 platform's activity log. While the terminal shows a sell order, the deals tab contradicts this by indicating a buy. Despite contacting this broker for assistance, they dismissed my concerns, claiming the trade originated from my IP address and thus absolving them of any responsibility. However, a system glitch causing this discrepancy could still utilize my IP. I further pressed them regarding the conflicting buy and sell messages within the trade details, but my inquiry was disregarded.
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2024-04-16 15:54
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Ohaiyo
more than one year
It's been a whole week since I deposited money via the mobile payment system, and there's been zero activity in my account. What's even worse is their constant insistence on making me wait. Am I supposed to wait for a whole year or what?
It's been a whole week since I deposited money via the mobile payment system, and there's been zero activity in my account. What's even worse is their constant insistence on making me wait. Am I supposed to wait for a whole year or what?
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2024-03-10 23:41
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