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Algo Robot

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Operating status: SCAM

Website: http://algo-robot.co/

Broker violations and abnormal records
  • 2023-05-16 The France regulator AMF added Algo Robot to warning list

    On May 17, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Algo Robot to warning list for it being an unauthorized company engaging in forex activities: https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

    On May 17, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Algo Robot to warning list for it being an unauthorized company engaging in forex activities: https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224
  • 2023-05-17 BrokersView has reviewed that Algo Robot is an unregulated broker

    Algo Robot fails to provide regulatory information and licensing data, a significant scam indicator as legitimate brokers always prominently display such information to instill trust and transparency. This is a red flag. In addition, the Financial Authority (Autorité des Marchés Financiers, AMF) added Algo Robot to warning list for it being an unauthorized company engaging in forex activities.

    In essence, Algo Robot is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Algo Robot fails to provide regulatory information and licensing data, a significant scam indicator as legitimate brokers always prominently display such information to instill trust and transparency. This is a red flag. In addition, the Financial Authority (Autorité des Marchés Financiers, AMF) added Algo Robot to warning list for it being an unauthorized company engaging in forex activities.In essence, Algo Robot is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

What fees do they charge? Swap fee, transaction fee, commission?

izwan
Israel
2023-05-22
ANSWER Algo Robot is an unregulated broker we advise against trading with, despite the seemingly attractive deals it offers.Algo Robot fails to provide regulatory information and licensing data, a significant scam indicator as legitimate brokers always prominently display such information to instill trust and transparency. This is a red flag. In addition, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Algo Robot to its warning list for illegally providing investment services without appropriate authorization.Regarding your question, we strongly suggest you avoid dealing with Algo Robot. It is an unlicensed broker coming with huge risks such as loss of funds and identity theft. Once your money is in this platform, there are no legal protections in place to safeguard it. Therefore, investors are encouraged to stay away from unlicensed brokers like Algo Robot and to choose fully regulated ones instead.
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