https://www.algofxtrade.com/
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No valid regulatory information, please be aware of the risk!
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algofxtrade
algofxtrade
United States
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Benchmark | -- |
---|---|
Maximum Leverage | 1:500 |
Minimum Deposit | $250 - $1499 |
Minimum Spread | -- |
Products | -- |
Currency | -- |
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Minimum Position | 0.01 lot |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:500 |
Minimum Deposit | $1,500 - $4,999 |
Minimum Spread | -- |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 lot |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:500 |
Minimum Deposit | $5,000 - Unlimited |
Minimum Spread | -- |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 lot |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Capital
$(USD)
Algofxtrade Review Summary | |
Founded | 2020-12-30 |
Registered Country/Region | United States |
Regulation | Unregulated |
Market Instruments | crypto |
Demo Account | / |
Leverage | Up to 1:500 |
Spread | From variable |
Trading Platform | algofxtrade |
Min Deposit | $250 |
Customer Support | Email: support@algofxtrade.com |
Live Chat |
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 | Cons |
Leverage up to 1:500 | Unregulated |
Spread from variable | 10% commission |
24/7 live support | Inaccessible office website |
Unspecific fee and account information |
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.
Algofxtrade provides crypto to trade.
Tradable Instruments | Supported |
Crypto | ✔ |
Commodities | ❌ |
Stocks | ❌ |
Precious Metals | ❌ |
Shares | ❌ |
ETFs | ❌ |
Bonds | ❌ |
Mutual Funds | ❌ |
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.
Plan | Starter | Silver | Standard |
Deposit | $250-$1499 | $1500-$4999 | $5000-Unlimited |
Minimum trading volume | 0.01 | 0.01 | 0.01 |
Spread | From variable | From variable | From variable |
Maximum Leverage | 1:500 | 1:500 | 1:500 |
The spread is from variable and 10% commission.
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Deposit and withdraw with a minimum deposit of $250 through Bitcoin.
Algofxtrade provides 24/7 live support; Traders also contact the platform via email.
Contact Options | Details |
support@algofxtrade.com | |
Live Chat | ✔ |
Supported Language | English |
Website Language | English |
Physical Address | 237 W 35th St Suite 602 - 6th Floor, New York, NY 10123, USA. |
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