AlgoFX
Abstract：AlgoFX is a newly-established broker registered in the United States, offering trading in forex pairs, gold, silver, oil, and gas with leverage up to 1:500 via the MT5 platform. However, it currently has no valid regulations.
Note: TradeBaionics's official website - https://www.tradebaionics.com/ is currently inaccessible normally.
| AlgoFX Review Summary | |
| Founded | 2024 |
| Registered Country/Region | United States |
| Regulation | Not regulated |
| Market Instruments | CFDs on 70+ forex pairs, gold, silver, oil, and gas |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | MT5 |
| Min Deposit | / |
| Customer Support | Email: support@algofx.live |
| Social media: Facebook, Twitter, and Instagram | |
AlgoFX is a newly-established broker registered in the United States, offering trading in forex pairs, gold, silver, oil, and gas with leverage up to 1:500 via the MT5 platform. However, it currently has no valid regulations.
Pros and Cons
| Pros | Cons |
| Various trading assets | Unavailable website |
| Demo accounts offered | Not regulated |
| Multiple account types | Only accept crypto payments |
| Popular trading platform - MT5 | Only email support |
Is AlgoFX Legit?
No, AlgoFX operates without regulation. Please be aware of the risk!
What Can I Trade on AlgoFX?
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Forex pairs | ✔ |
| Gold & silver | ✔ |
| Oil & gas | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
AlgoFX offers three account types: Standard, Commission and STP Pro account. It also offers demo accounts.
Leverage
AlgoFX offers leverage up to 1:500. Note that trading with high leverage can lead to huge profits and losses.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
AlgoFX only accepts payments via crypto wallets. Other popular payment options like bank transfers, credit/debit cards, and e-wallets are not available.
Read more
IronFX Review 2025: Trusted Broker for Forex & Commodities Trading
Explore IronFX, a top-regulated broker with a 7.85 WikiFX score. Trade Forex, Metals, and more on MT4 with a $50 minimum deposit and 1:1000 leverage. Secure and reliable.
CMC Markets Just Made a Move That Could Transform CFD Trading
CMC Markets, a well-known trading company listed on the London Stock Exchange, has partnered with messaging platform Convrs.
IronFX Launches Online Trading Education to Boost Trader Education
IronFX launches a trading education blog offering in-depth market analysis, expert insights, and practical strategies for traders at all levels.
Saxo vs IronFX: In-Depth Broker Comparison for Traders in 2025
Explore a detailed 2025 comparison of Saxo and IronFX. Review platforms, fees, regulations, assets, and user feedback to choose your ideal trading broker.
WikiFX Broker
Latest News
Saxo vs IronFX: In-Depth Broker Comparison for Traders in 2025
WikiFXCMC Markets Just Made a Move That Could Transform CFD Trading
WikiFXeToro Introduces Staking for Cosmos and Polkadot
WikiFXThe Facebook Fraud That Stole RM649,000 | How to Avoid Being Next
WikiFXIs it Safe to invest in Xtreme Markets in Malaysia?
WikiFXSoutheast Asia’s Trade Outlook in the Face of U.S. Tariff Adjustments
WikiFXInside the Market: Who’s Buying, Who’s Selling, and Why It Matters
WikiFXComparison B/W Two Renowned Brokers! Find Your Perfect Fit
WikiFXRed Flags to Watch out for! CATCH THIS WARNING BEFORE IT’S TOO LATE
WikiFXIronFX Launches Online Trading Education to Boost Trader Education
WikiFXRate Calc
