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Algobot24
On July 11, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered Algobot24’s website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-11-july-2024-abusiveness-/718268
On July 11, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered Algobot24’s website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-11-july-2024-abusiveness-/718268Algobot24 claims to be regulated by the Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM). However, our search in the registers of both regulators found no corresponding records to support the company's legitimacy. This is a significant warning sign.
Additionally, Algobot24 provides a link labeled "CCA", directing users to the page of the Crypto Conduct Authority to demonstrate its compliance. However, this agency is fake, as evidenced by a warning from the Canadian Securities Administrators (CSA).
Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered Algobot24's website to be blacked out, stating that it offers financial services illegally in Italy.
In essence, Algobot24 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Algobot24 appears to be a scam.
Algobot24 claims to be regulated by the Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM). However, our search in the registers of both regulators found no corresponding records to support the company's legitimacy. This is a significant warning sign.Additionally, Algobot24 provides a link labeled "CCA", directing users to the page of the Crypto Conduct Authority to demonstrate its compliance. However, this agency is fake, as evidenced by a warning from the Canadian Securities Administrators (CSA).Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered Algobot24's website to be blacked out, stating that it offers financial services illegally in Italy.In essence, Algobot24 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Algobot24 appears to be a scam.
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