Overview

Algorithm Global International is a forex and CFD broker providing a wide array of trading services and instruments. The company is registered in Saint Lucia but is not a regulated entity.

Pros:

  • Negative balance protection.
  • Low Spread
  • Min deposit
  • Competitive Leverage 1:500

Cons:

  • Not regulated.
  • Limited Geographical reach excludes The USA.
  • Complex Fee Structure.
  • Forex Withdrawal issues.
  • Vague and Generalised information.

Platforms:

Mt5

Is Algo Global safe for traders?

Algo Global is full of red flags such as no regulation, no compensation fund, withdrawal issues, and unreliable customer support, making it potentially unsafe for traders. Reports of fund withdrawal issues and abysmal customer service indicate potential forex fraud. Algo Global provides vague information on their website, similar techniques are used by scammers.

VYFXB Analysis of Algo Global:

Algorithm Global International is a concern for potential traders due to operating without regulation, limited geographical reach, a complex fee structure, and vague information provided. These factors raise red flags about its safety and trustworthiness. The company offers low spreads and a minimum deposit with an average leverage ratio, but these advantages are outweighed by the risks associated with trading with this company. Remember to conduct thorough due diligence to protect yourself from trading scammers.
Best Forex Broker -VYFXB Scale= 0.5/5