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Score
United States
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index0.00
Business Index4.55
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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 | 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 |
No, AlgoFX operates without regulation. Please be aware of the risk!
Tradable Instruments | Supported |
CFDs | ✔ |
Forex pairs | ✔ |
Gold & silver | ✔ |
Oil & gas | ✔ |
Indices | ❌ |
Stocks | ❌ |
Cryptos | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
AlgoFX offers three account types: Standard, Commission and STP Pro account. It also offers demo accounts.
AlgoFX offers leverage up to 1:500. Note that trading with high leverage can lead to huge profits and losses.
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Desktop, Mobile | Experienced traders |
MT4 | ❌ | / | Beginners |
AlgoFX only accepts payments via crypto wallets. Other popular payment options like bank transfers, credit/debit cards, and e-wallets are not available.
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