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Algo Trade World

China|1-2 years|
Suspicious Scope of Business|High potential risk|

https://algotradeworld.live/

Website

Rating Index

Contact

https://algotradeworld.live/

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Algo Trade World · WikiFX Survey

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Algo Trade World · Company Summary

Algo Trade World Review Summary
Founded 1-2 years
Registered Country/Region China
Regulation Unregulated
Market Instruments Forex, cryptos
Demo Account Unavailable
Customer Support Online messaging

What is Algo Trade World?

Algo Trade World is an innovative platform that empowers individuals to construct and track automated trading strategies for stocks, forex, and cryptos. Utilizing a user-friendly mobile app, Algo Trade World merges sophisticated algorithms, robust cloud computing, and a simple interface, thereby democratizing algorithmic trading and making it accessible to a wide range of users, transcending the domain of traditional Wall Street players.

Algo Trade World's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
  • Algorithmic trading platform
  • Not regulated
  • Limited research selection
  • Limited communication channels

Pros:

- Algorithmic Trading Platform: Algo Trade World provides users with the opportunity to engage in algorithmic trading, which can potentially offer automated and efficient trading strategies.

Cons:

- Not Regulated: One notable drawback is that Algo Trade World currently operates without valid regulation, meaning there is no government or financial authority overseeing their operations.

- Limited Research Selection: The platform has limitations in terms of the available research and analysis tools, which can be crucial for informed decision-making in trading.

- Limited Communication Channels: Algo Trade World has restricted options for communication channels, which can be a downside for users seeking immediate support or assistance.

Is Algo Trade World Safe or Scam?

Algo Trade World currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with Algo Trade World, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

Algo Trade World provides a wide range of trading instruments, covering various asset classes such as forex and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market opportunities. Whether you are interested in the foreign exchange market or cryptocurrencies, Algo Trade World offers options for both.

  • Forex (Foreign Exchange): Algo Trade World provides access to a wide range of currency pairs, allowing traders to speculate on the exchange rate movements between different currencies. Popular currency pairs like EUR/USD, GBP/USD, and USD/JPY are available for trading.

  • Cryptocurrencies: Algo Trade World offers the opportunity to trade popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many others. Traders can speculate on the price movements of these digital assets, taking advantage of their volatility.

Market Instruments

Customer Service

Algo Trade Worldoffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

contact form

Conclusion

In conclusion, Algo Trade World is a platform that offers automated trading strategies for stocks, forex, and cryptos through a user-friendly mobile app. However, it is important to note that Algo Trade World currently lacks valid regulation, indicating the absence of government or financial authority oversight. This lack of regulation introduces inherent risks for investors.

Frequently Asked Questions (FAQs)

Q 1: Is Algo Trade World regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: What products Algo Trade World provides?
A 2: It provides forex and cryptos trading.
Q 3: Is Algo Trade World a good broker for beginners?
A 3: No. It is not a good choice for beginners because of its unregulated condition.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

Algo Trade World

Abbreviation

Algo Trade World

Regulatory Status

No Regulation

Platform registered country and region

China

Phone of the company

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Twitter

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Facebook

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YouTube

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Company address

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Linkedin

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WhatsApp

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WeChat

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Customer Service Email Address

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Company Summary

User Reviews

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ϮVanNess TangϮ
more than one year
I have had an unfortunate experience with the trading service provider Algo Trade World, which I was introduced to through a friend on a social networking platform. To my astonishment, they urged me to deposit 2000 usd right at th ebeginning ,and it was only after persistent negotiation that they agreed to an initial deposit of1000 usd. However, the trading fees for forex currency pairs on their platform were a staggering $20 per lot, an outrageous price that is borderline extortionate. Moreover, the low spread, which they had previously promised, seemed to have completely disappeared. This experience has left me with immense regret and disappointment.
2024-02-01 11:16
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0
0
Superstars
more than one year
So, in a nutshell, Algo Trade World seems like a rad spot for algorithmic thrill-seekers. Just be ready to roll the dice because the lack of regulation and support options raises some eyebrows. It's like a rollercoaster – exciting, but you better make sure your seatbelt is on tight. As for me, I'm still deciding if I want to take this wild ride or play it safe. Cheers to trading adventures!
2023-12-12 18:58
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0
0
Kumar amardeep
more than one year
How long will I challenge sir
2023-04-02 08:42
Reply
0
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