✔️ Information reviewed and updated in April 2024 by Eduardo López
⭐ Opinions and information about the AlgofGain broker ⭐
¿Is the AlgofGain broker (aka algofgain.com) really trustworthy? ✅ Is it safe for you to invest your money with this company? ❎ Is AlgofGain reliable? ❎ In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help us with information about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to give the company a score according to their experience with it. 
Let's start with the analysis:
✔️ What is AlgofGain? AlgofGain is a broker of: Forex, Cryptocurrencies and CFDs.
✔️ The broker mentions be part of: not mentioned.
✔️ Where is it based? AlgofGain is based on: it mentions being based in Austria, which we believe is false because it is neither registered nor regulated in this country.
✔️Is it a regulated broker? If we talk about regulation, the broker AlgofGain mentions being regulated by CySEC.
We will continue to analyze the different account types that AlgofGain offers. In the case of AlgofGain, we note that it has 4 different plans or types of account: Beginner Account, Intermediate Account, Pro Account and Luxury 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 .
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🔸 The platform used to operate is: Webtrader.
🔸 Now, yes, we will analyze the different resources and aids that the company provides to traders on its website: we see some explanations of the products that AlgofGain offers, explanation of basic concepts of the world of investments, really not much more.
AlgofGain Features
What we like the most
- Modern investment platform.
- Low initial deposit.
What we like least
- Unregulated company.
- Little transparent company.
- Bad reputation | Many complaints.
- Very unsafe location.
- You will probably have problems withdrawing your money.
- In general, a very unsafe company.
Additional information about the company
🔸 Phone number: +43720971702
🔸 E-mail: [email protected]
🔸 Website: algofgain.com
🔸 Bonuses, promotions, offers: None by the moment
🔸 Clarification: If you think that our review is not correct, or you have a different opinion about this company, we invite you to leave a comment in this section - rating with your opinion.
⭐ AlgofGain Rating ⭐
☑️ With the information we have so far, the comments, evaluations and criticisms of users and traders, ⚠️ our opinion is that it seems like a broker with which we have to be careful ⚠️. We do not recommend it.
☑️ Why? Is a broker no regulation and further we do not know its true location, on the other hand, when looking for information and other evaluations about AlgofGain find a lot of negative reviews and complaints, overall negative feedback.
(I.e. Is AlgofGain safe? How reliable is AlgofGain? ❎ We consider it to be an unsafe, unreliable company and we do not recommend it. ❎ Why? For the reasons mentioned above. Here you can read comments about AlgofGain.
❗ July 2021 update: BaFin, Germany's financial regulator, has reported AlgofGain for fraudulent activities.
🚫 Link to the warning 🚫 on the official BaFin website.
❗ September 2021 update: FMA, Austrian financial regulator, has reported AlgofGain for fraudulent activities.
🚫 Link to the warning 🚫 on the official website of FMA.
❗ September 2021 update: FCA, UK financial regulator, has reported AlgofGain for fraudulent activities.
🚫 Link to the warning 🚫 on the official FCA website.
Do you know this company? Do you think our opinion is not correct? Have you operated with this broker? Share a comment with your experience.
Are you part of AlgofGain? Are you a representative or worker of the company? Write to us at >> use this form <<
👇 User and trader score 👇
BAFIN HAS SENT THIS BROKER TO HIS BLACK LIST, GREAT SCAMMERS
Hello Domink, this broker called AlgofGain is a SCAM, the BAFIN (Financial Regulator
Alemán) has denounced AlgofGain for fraudulent activities See link BAFIN, it is not advisable to invest money in a NON-REGULATED broker. It's a SCAM and does not return money to its customers.
ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE !.
If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes do not exist, they ask for it in order to steal more money.
We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link:Get your money back, we are on your side
Greetings.