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Score
United Kingdom
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Score
Regulatory Index0.00
Business Index6.36
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
Algovibe
Company Abbreviation
Algovibe
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
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Note: Algovibe's official website: https://www.razermarkets.com/ is currently inaccessible normally.
AlgovibeReview Summary | |
Founded | 2021 |
Registered Country/Region | United Kingdom |
Regulation | No regulation |
Market Instruments | Forex, CFDs, cryptocurrencies, indexes, commodities |
Demo Account | ❌ |
Leverage | Up to 1:30 |
EUR/USD Spread | From 0.8 pips |
Trading Platform | Algovibe Webtrader |
Min Deposit | $250 |
Customer Support | Tel: +441274797004 |
Email: contact@algovibe.com |
Founded in 2021, lgovibe is an unregulated broker registered in United Kingdom, offering trading on forex, CFDs, cryptocurrencies, indexes and commodities with leverage up to 1:30 and EUR/USD spread from 0.8 pips via the Algovibe Webtrader trading platform. The minimum deposit requirement is $250.
Pros | Cons |
Various trading products | Inaccessible website |
Multiple account types | No regulation |
Tight EUR/USD spread | No demo accounts |
Popular payment methods | No MT4/MT5 platform |
High minimum deposit requirement | |
Withdrawal fee charged |
No. Algovibe has no valid regulations currently. Please be aware of the risk!
Tradable Instruments | Supported |
Forex | ✔ |
CFDs | ✔ |
Cryptocurrencies | ✔ |
Indexes | ✔ |
Commodities | ✔ |
Stocks | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Here are three account types Algovibe offers:
Account Type | Min Deposit |
Silver | $250 |
Gold | $5 000 |
Platinum | $50 000 |
Algovibe offers max leverage at 1:30. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
The EUR/USD spread is from 0.8 pips, while the industry-average is 1.5 pips. It is competive, but considering that Algovibe is not regulated, traders had better choose other regulated brokers who offer low spreads.
Trading Platform | Supported | Available Devices | Suitable for |
Algovibe Webtrader | ✔ | Web | / |
MT4 | ❌ | / | Beginners |
MT5 | ❌ | / | Experienced traders |
The broker accepts payments via credit cards, debit cards, e-payment gateways and wire transfers.
Withdrawals are issued processing and handling fees. Requests are processed within 5 days.
The fees are: $50 wire transfer, $35 credit card fee, $25 fee for alternative payment methods.
Note that for accounts that have traded less than 200 times in volume, users cannot withdraw.
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