Algobi
Company Background
The brokerage company DXA SEYCHELLES LIMITED, which owns this platform, does not disclose its history. According to the company’s information, it is registered in the Seychelles under number 8438281-1 and has an FSA license under number SD218. In addition, DXA Capital Investment Services SA is mentioned in the footer of the website, which is regulated by the Hellenic Capital Market Commission (HCMC). However, it is unclear what the connection is between these organizations.
In today’s review, we will look at the activities of the broker Algobi. We will try to figure out how honest this platform is with traders and whether it is possible to make money here.
Overview of Services and Trading Terms
The company claims that it is “created for traders and offers reliable tools that will support clients at every stage.” According to the website, more than 320 CFD instruments are available for trading via the WebTrader platform and the Algobi mobile app.
Algobi provides access to CFDs on stocks, currencies, cryptocurrencies, and commodities. Traders can choose from three types of accounts, which differ only in spread discounts of up to 75% and exchange discounts of up to 60%. Although the company specifies a minimum deposit of $250, this parameter is not disclosed in the trading plans.
There is no section with training materials or other additional tools on Algobi. Meanwhile, you can contact support via the feedback form on the website or write to the chat, which is available at any time and in different languages.
Referral and Bonus Schemes
There is no information about the affiliate program on the website. However, we found the conditions for receiving a bonus on a trading account in the user documentation. According to Algobi’s terms and conditions, participants receive a reward when they deposit funds into their account. However, you will not be able to withdraw bonus funds until you have made a minimum trading turnover of 300 lots for every $1,000. Please note that you can opt out of the promotion and receiving the bonus to avoid being prohibited from withdrawing your funds if you do not meet the specified conditions.
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FAQ
Is there any income guarantee when trading with algobi.com?
What amount is necessary to begin dealing with Algobi?
What deposit and withdrawal methods are available?
Is algobi.com a legitimate website?
Is it like roulette with no guarantee of earning money?
Overall Score
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1 review30.08.2025 20:53I also traded on this platform for several years
However, I received an email from the company saying that my account had been blocked and my profits canceled for some unknown reason… This happened three weeks ago. Of course, I checked my account, and indeed, the account in the terminal was blocked. Meanwhile, there was more than $6.4 in my account at algobi.com.
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1 review30.08.2025 19:59A dubious offshore organization
A very dubious company, despite the abundance of services they provide and the abundance of reviews available on the Internet. What are my doubts? The fact is that Algobi is purely offshore, and its license is offshore. This has a very negative impact on my level of trust. The fact that they have been operating since 2017 is no guarantee that they won’t disappear tomorrow with your money. So, if you trade on algobi.com, I would advise you to do so very carefully, not to invest large sums, and be sure to withdraw most of your profits.
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1 review24.08.2025 23:49I made good money trading the XRP/USD pair
I had some problems, financial ones, so I started solving such problems in other ways, that is, I didn’t look for additional income and didn’t waste my precious time on such things, but simply invested money in this platform. I opened an account for $1,200 on algobi.com and started trading crypto assets. Although it took a lot of time and effort, the level of earnings was simply remarkable! I barely had time to close profitable crypto orders! mainly on Ripple, and then I connected the rest of the top altcoins on algobi.com, among which was the particularly promising Bitcoin Cash. In general, I now have a monthly income of about $1,700.
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1 review23.08.2025 08:11The money was not credited to my card
I have been waiting for over a month after the broker allegedly withdrew my €3.7k. I feel terrible because my money is not coming back.
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1 review19.08.2025 12:14SCAMMERS, give me my money back!!!
They stole $2,334 of my profits! I traded without advisors, postponing trades by an average of 20 minutes! I did not break the rules! People, do not open an account with this company, otherwise they will steal your money too!
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1 review19.08.2025 09:34
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1 review19.08.2025 07:51Access to markets is fake
Was it the right decision to start making money by sending these funds to this site? Of course not. Otherwise, I wouldn’t have lost so much money. I still can’t calculate all my financial losses, as I made several investments, so I invested more than $12 thousand here, that’s for sure, but there were many small trading operations related to the transfer of funds. Where did the money go? The money was lost as a result of investments in various assets, orders for which were canceled by representatives of the resource administration, to put it briefly.
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1 review19.08.2025 01:38Save your nerves, don't get involved with this broker
ALGOBI has no news or adequate support! Constant problems with order execution and it’s impossible to withdraw your invested funds. What are they doing anyway? Maybe all the employees of this broker have already quit??
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1 review18.08.2025 12:50This broker is a fraudulent organization
The company does not pay out profits, citing new and new reasons that do not correspond to reality, such as the absence in the agreement of an imaginary clause on opening blocked transactions and software on the user’s side that allows trading on non-existent quotes.
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1 review18.08.2025 06:31I don't blame them for my unsuccessful trades and loss of money
But I also can’t recommend AlgoBI to anyone. Because customer support could be much better, as could the trading platform
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1 review16.08.2025 23:05A license does not provide any guarantees
Is this broker regulated by the Seychelles regulatory authority? Do you think so? Did you know that these are all offshore regulatory authorities that do not perform their main duty, namely regulating relations between clients and brokers? They are just ordinary registrars. In other words, AlgoBI opened a representative office in this region and automatically received a license that means nothing to its clients.
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1 review16.08.2025 17:27They fooled me
They took my modest deposit, like a child, without explanation… My pitiful £250 was thrown away… I hadn’t traded for a week, and I only “replenished” my account once when I registered. And then AlgoBI
blocked my account literally 3 days later, without explanation… All communication was cut off… CRIMINALS!!!!!! -
1 review14.08.2025 13:32Another scam!!!
They blocked $3,000 of my money. Don’t fall for their promises and made-up stories about traders who got rich!!!!! RUN AWAY FROM THESE CROCODILES!!!
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1 review07.08.2025 00:43I have had a negative experience with this company
Thanks to their poor terminal, I once lost all the money I had invested – $830. The most “remarkable” thing is that none of the Algobi consultants called that day to try to save the situation with my account. They only found out about it from me after the fact. Or they pretended to find out. I lean toward the second option.
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1 review07.08.2025 00:27Analysts-scammers
After I opened an account here, I started getting constant calls from “analysts”. However, at first, I thought they were just giving advice, but then they started aggressively pushing ideas that only led to losses. As a result, I lost more than 85% of my deposit in a month! It seems that these analysts are simply getting a percentage of my losses!
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1 review06.08.2025 09:35Support for many assets
Who said it’s impossible to make money in the financial market? However, I just managed to make about $1,760 on crypto by simply buying Bitcoin, Ethereum, Litecoin, and selling all these assets at a price 8-15% higher than I bought them for. I should note that I don’t have any special strategies; I always try to read analytics, predict possible developments, and don’t even analyze the chart on algobi.com too much, since the crypto market is still not very regulated. Moreover, as I have seen from my own experience, you can purchase assets at a reduced price from ALGOBI. Don’t forget to be careful, but you also need to take risks sometimes.
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1 review03.08.2025 01:54YOU SCUMBAGS, YOU DAMNED BASTARDS!!!
I turned on the terminal today, the account was blocked, and I can’t withdraw either my earned profits or my deposit of €346
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1 review02.08.2025 04:44The service has been around for almost 8 years
I take into account the fact that not all brokerage companies can boast of long-term work over a significant period. ALGOBI can, they give you the chance to become richer if you do everything right, knowing full well that trading the same precious metals leads to daily profits of $50 and above if you don’t try too hard😀 More substantial income requires you to immerse yourself more deeply in all these types of trading activities. For example, I make 7 trades a day, and that’s still not the largest number, as some traders manage to make more than 10 trades on algobi.com
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1 review02.08.2025 00:42I am left with only negative impressions
Customer support seems to deliberately ignore customers when you need to resolve an issue. So I tried to withdraw my money, but was refused. What’s more, the broker gives no explanation, and Algobi employees say, “contact us later.” I am furious! Why do they take people’s money if they don’t want to work honestly?!!
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