algofxtrade

Algofxtrade Information

Algofxtrade is a crypto platform with a maximum leverage of 1:500. The broker also provides 3 major investment plans distinguished by different deposits. The minimum spread is from variable and the minimum deposit is $250. Algofxtrade is still risky due to its unregulated status, high leverage, and inaccessible office website.

Pros and Cons

Is Algofxtrade Legit?

Algofxtrade is not regulated, even though it claims to be regulated by FCA and CYSEC. However, an unregulated broker is not as safe as a regulated one.

What Can I Trade on Algofxtrade?

Algofxtrade provides crypto to trade.

Plans

Algofxtrade provides 3 major plans with different deposits to choose from: Starter, Silver, and Standard. Traders with a small budget can choose a starter account.

Algofxtrade Fees

The spread is from variable and 10% commission.

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Deposit and Withdrawal

Deposit and withdraw with a minimum deposit of $250 through Bitcoin.

Customer Support Options

Algofxtrade provides 24/7 live support; Traders also contact the platform via email.