| Website Address | https://algobi.com |
| support@algobi.com | |
| Founded Date | Operating since 2017 |
| Head Office | CT House, Office No. 9A, Providence, Mahé, Seychelles |
| Support Phone | +441890540028 |
The financial company Algobi positions itself as a relatively young trading platform focused on active development and implementation of its own model of interaction with traders.
The company claims that its service is designed for users with varying levels of experience, from beginners to more experienced market participants. Particular emphasis is placed on the convenience of the interface, the adaptation of the platform to different regions, and support for digital payment instruments.
The managing structure of the project is listed as DXA Seychelles Limited, registered in the Seychelles. According to the information on the website, the platform's activities are subject to the financial legislation of this jurisdiction and are supervised by the local regulator, FSA Seychelles. The project's domain name has been in use since 2017.
The contact details for support include an email address: support@algobi com, several phone numbers in different jurisdictions, including the UK: +441890540028, and online chat. The registration and office address is CT House, Office No. 9A, Providence, Mahé, Seychelles.
To start trading on the platform, you need to create an account. Fill in the online form with the necessary details and contact information, and create a password. Then complete the verification process.
The financial intermediary AlgoBi provides access to trading via the Mobile Trader and WebTrader platforms. The web terminal is designed for quick access and ease of use, suitable for everyday trading without installing any software.
The platform includes a basic set of tools for market analysis, charts with indicators, and standard order management functions, making it convenient for both beginners and more experienced traders.
Trading is conducted in CFD format, which allows you to work with different asset classes without actually owning them.
You can diversify your portfolio with the following instruments, of which there are more than 320 on the website:
Precious and industrial metals, including gold, silver, and copper.
Commodities.
Shares of companies from various industries.
Cryptocurrencies.
Indices.
Currency pairs.
The company offers real money trading accounts and a demo account with virtual funds.
Silver is the basic account for starting trading: leverage up to 1:200, stop-out 5%, minimum trade size 0.01, no discounts on spreads and swaps.
Gold — an advanced account with additional conditions: leverage up to 1:200, stop-out 5%, minimum trade size 0.01, swap discount up to 40% from Silver, spread discount up to 50% from Silver.
Platinum — an account with priority conditions: leverage up to 1:200, stop-out 5%, minimum trade size 0.01, swap discount up to 60% of Silver, spread discount up to 75% of Silver.
The minimum deposit is stated as $250. Details of the trading conditions will only be available after registration.
The broker offers clients several ways to deposit and withdraw funds, allowing them to replenish their accounts via
digital assets,
bank cards,
and popular online payment services.
The time it takes can vary depending on the payment method you choose. Withdrawal limits are up to 3 business days, and fees will be shown in your personal account.
It is worth noting that the company's activities are subject to the legislation of an offshore jurisdiction. It has less stringent requirements than other regulators, such as the FCA. Few details about trading are disclosed. Before interacting with this company, it is important to study AlgoBi reviews on independent resources.
The overwhelming majority of brokers are scammers. Traders can identify illegitimate ones by using free online resources. It is essential to verify the company's registration, the licensing of its services, and its operational history. It is also important to assess the completeness and authenticity of contact information and the transparency of trading conditions.
You can consult specialists who can help evaluate the broker and identify signs of fraud, and if necessary, assist in opening an account with a reliable service provider. A knowledgeable and comprehensive approach will help avoid negative trading experiences.
First and foremost, pay attention to the content of the comments. Excessively emotional opinions without specifics may indicate paid content. Additionally, a broker's positive reputation may be indicated by mass activity on a single online portal or forum. Another sign of fake reviews is their formulaic nature. Such comments are filled with general phrases and advertising slogans. Fraudulent projects use paid content to confuse traders and lure them into cooperation.
It is important not to fall for the tricks of company representatives. This can lead to additional financial losses. With legitimate brokers, withdrawing funds is a free service that is not subject to any fees such as insurance, taxes, commissions, etc.
If you need assistance in withdrawing capital, it is advisable to consult specialists. Timely consultation with experts can help achieve positive results and withdraw funds from the brokerage account.
In the case of scam brokers, account blocking may be related to a simple refusal to withdraw funds. Clients are accused of violating agreements, money laundering, technical work on the platform, etc. Such manipulations are aimed at depriving traders of the ability to withdraw capital.
When a brokerage account or personal account is blocked, it is better to use the services of professionals . Depending on the reason for the blockage, experts can find the optimal solution to the problem.
The reasons for the inactivity of a brokerage company's presentation portal can vary widely. Blocking due to numerous complaints, cessation of project activities, inclusion in the blacklist of trading platforms — all of this can lead to access issues to the broker's site. Additionally, unstable internet connection and browser restrictions can cause improper functioning of the resource.
If the official broker's website does not open, seek help from experts. They will advise on any questions and provide recommendations for further actions.
First and foremost, it is important to ensure that there are no assets in the account and no debts to the broker. If there are instruments in the investment portfolio, they should be sold, and you should wait for the settlements to be completed. After that, you can submit a request for the withdrawal of funds and the closure of the brokerage account.
If the broker refuses to fulfill requests, it is better to consult experts. They can assist in closing the brokerage account and recovering funds through chargebacks . When preparing to dispute transactions, it is necessary to gather all available evidence of cooperation with the project. This will help increase the chances of successfully initiating refunds.
