✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze AlgofGain (also called by the name: algofgain.com), is a broker of Forex , Cryptocurrencies y CFDs. Is AlgofGain really recommended for making an investment? Or is it better not to invest with this company? ⛔ Is it a safe broker? Is a gotcha? We will help you determine it. ✅
➡️ In this section you can find the following: opinions about AlgofGain ✅, claims, complaints 😡, experiences 📝, analysis 📊 of the most important characteristics of this company (updated 2022), and the most important: Is it AlgofGain ⚠️ a safe broker? ⛔ Can we trust this company? ✅ Will we be able to withdraw our money? All this and more in this review about this investment company.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
❌ AlgofGain mentions being part of: no information on this.
❌ Regarding your location, the company is based in Austria according to the website, but there is no valid information to corroborate this, we believe that it is a false information.
❌ If we analyze your fullfilment of security requirements, we observed that AlgofGain it does not have any type of regulation.
⚠ ATTENTION: AlgofGain is a broker NOT REGULATED. ⚠
📌 RememberRegulated brokers are the best (and safest) option, as they must meet very strict requirements. Working with an unregulated broker is very risky. 📌
Account types | Investment platform
Now we go on to analyze the types of account it offers AlgofGain, in this case, we observe that it offers 4 different types of account. We will leave you an image with more information about each type of account.
Beginner account: minimum deposit of €250, leverage from 1: 200, spreads from 0,1 pips, no commissions.
Intermediate Account: minimum deposit of €2.500, leverage from 1: 300, spreads from 1,2 pips, commission from € 0.2, financial market news.
Pro Account: minimum deposit of €25.000, leverage from 1: 500, spreads from 1,4 pips, commission from € 1.2 to € 2.3, financial market news, consumer service, advanced technical analysis tools.
Luxury account: minimum deposit of €75.000, leverage from 1: 500 to 1: 1000, spreads from 1,5 pips, commission from € 2.1 to € 3.2, financial market news, consumer service with a dedicated assistant, advanced technical analysis tools.
In the following image you can have more information about the types of account. Click here to see the image in full size.
La platform to operate that AlgofGain offers is: own platform.
Resources | Website
Here we will examine the different resources and aids for the trader that AlgofGain provides on its website. We believe that the resources and help provided on the website can be a great point in favor of the broker.
AlgofGain provides the following aids or resources to traders or interested parties: an explanation of the markets in which it operates, calculators, economic calendar, market analysis, frequently asked questions, among others.
🌐 Other information about AlgofGain 🌐
???? Some more information in case you want to contact the company, or see its website for yourself. ????
🌏 Website: algofgain.com
📞 Telephone number: + 43720971702
📧 Email: [email protected] | [email protected]
You might be wondering why we did a review on AlgofGain. We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question. We like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before deciding or not to invest with an investment company.
Are you a representative of this company? We recommend you leave a comment responding to customer concerns.
➡️ Rating on AlgofGain ⬅️
Ending with this section, in our opinion Do we believe that the company AlgofGain is trustworthy? Should you invest your money with the company? Are they a recommended company? ⭐2022 analysis ⭐
❌ After examining it, we advise you to exercise caution, as it is an illegal company, clearly established to take money from people through deception and cheating. It is very non-transparent, since it offers almost no legal information, does not show data on its registration and also lacks regulation (non-regulated company). ❌
⛔ Attention ⛔ : in September 2021 FMA added AlgofGain to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the FMA September 2021 warning ⚠️
⛔ Attention ⛔ : in September 2021 FCA added AlgofGain to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the ⚠️ FCA September 2021 warning
(I.e. A pocas palabras: It doesn't seem like a good idea, we suggest using caution. 📛
Our advice: we always recommend working only with duly regulated companies, Isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest? Why invest with an unregulated or poorly regulated broker, when you can invest with a broker regulated by a serious regulator?
📌 Don't forget: One of the few measures that assure clients' money is the regulation of the broker, that is, it is probably the most important characteristic of any broker; HAVE GOOD REGULATION. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain. 📌
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, also leave a comment on our website with your experience with this broker.
🔻🔻 We leave a vote open so that traders, clients and broker users can vote. 🔻🔻
[democracy id = ”2391 ″]
It is a fraudulent company and has already been disclosed by the FMA, be very careful
Hi Aaron W, thanks for commenting on AlgofGain. This broker is a SCAM. The FMA (Austrian Financial Regulator) has already warned about them, for fraud and not being regulated (See FMA link). Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.