algofxtrade Forex Broker

Algofxtrade Review SummaryFounded2020-12-30Registered Country/RegionUnited StatesRegulationUnregulatedMarket InstrumentscryptoDemo Account/LeverageUp to 1:500SpreadFrom variableTrading PlatformalgofxtradeMin Deposit$250Customer SupportEmail: support@algofxtrade.comLive ChatAlgofxtrade Information Algofxtrade is a crypto platform with a maximum leverage of 1:500. The broker also provides 3 major investment plans distinguished by different deposits. The minimum spread is from variable and the minimum deposit is $250. Algofxtrade is still risky due to its unregulated status, high leverage, and inaccessible office website.Pros and ConsPros Cons Leverage up to 1:500UnregulatedSpread from variable10% commission24/7 live supportInaccessible office websiteUnspecific fee and account informationIs Algofxtrade Legit? Algofxtrade is not regulated, even though it claims to be regulated by FCA and CYSEC. However, an unregulated broker is not as safe as a regulated one.What Can I Trade on Algofxtrade? Algofxtrade provides crypto to trade.Tradable Instruments Supported Crypto✔Commodities❌Stocks❌Precious Metals❌Shares❌ETFs❌Bonds❌Mutual Funds❌Plans Algofxtrade provides 3 major plans with different deposits to choose from: Starter, Silver, and Standard. Traders with a small budget can choose a starter account.Plan StarterSilverStandardDeposit$250-$1499$1500-$4999$5000-UnlimitedMinimum trading volume0.010.010.01SpreadFrom variableFrom variableFrom variableMaximum Leverage1:5001:5001:500Algofxtrade Fees The spread is from variable and 10% commission.Leverage The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.Deposit and Withdrawal Deposit and withdraw with a minimum deposit of $250 through Bitcoin.Customer Support Options Algofxtrade provides 24/7 live support; Traders also contact the platform via email.Contact Options DetailsEmail support@algofxtrade.comLive Chat ✔Supported Language EnglishWebsite Language EnglishPhysical Address 237 W 35th St Suite 602 - 6th Floor, New York, NY 10123, USA.