Score
Algovibe
United Kingdom|2-5 years| https://www.algovibe.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
algovibe.com
Server Location
United States
Website Domain Name
algovibe.com
Server IP
172.67.202.183
Company Summary
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 | |
Algovibe Information
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 and Cons
| 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 |
Is Algovibe Legit?
No. Algovibe has no valid regulations currently. Please be aware of the risk!
What Can I Trade on Algovibe?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Indexes | ✔ |
| Commodities | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are three account types Algovibe offers:
| Account Type | Min Deposit |
| Silver | $250 |
| Gold | $5 000 |
| Platinum | $50 000 |
Leverage
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.
Spread
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
| Trading Platform | Supported | Available Devices | Suitable for |
| Algovibe Webtrader | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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