Algovibe Forex Broker

Note: Algovibe's official website: https://www.razermarkets.com/ is currently inaccessible normally. AlgovibeReview Summary Founded2021 Registered Country/RegionUnited Kingdom RegulationNo regulation Market InstrumentsForex, CFDs, cryptocurrencies, indexes, commodities Demo Account❌ LeverageUp to 1:30 EUR/USD SpreadFrom 0.8 pips Trading PlatformAlgovibe Webtrader Min Deposit$250 Customer SupportTel: +441274797004 Email: contact@algovibe.comAlgovibe Information Founded in 2021, lgovibe is an unregulated broker registered in United Kingdom, offering trading on forex, CFDs, cryptocurrencies, indexes and commodities with leverage up to 1:30 and EUR/USD spread from 0.8 pips via the Algovibe Webtrader trading platform. The minimum deposit requirement is $250.Pros and Cons Pros Cons Various trading productsInaccessible website Multiple account typesNo regulation Tight EUR/USD spreadNo demo accounts Popular payment methodsNo MT4/MT5 platform High minimum deposit requirement Withdrawal fee chargedIs Algovibe Legit? No. Algovibe has no valid regulations currently. Please be aware of the risk!What Can I Trade on Algovibe? Tradable Instruments Supported Forex ✔ CFDs ✔ Cryptocurrencies✔ Indexes✔ Commodities ✔ Stocks❌ Bonds❌ Options❌ ETFs❌Account Type Here are three account types Algovibe offers: Account TypeMin Deposit Silver$250 Gold$5 000 Platinum$50 000Leverage Algovibe offers max leverage at 1:30. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spread The EUR/USD spread is from 0.8 pips, while the industry-average is 1.5 pips. It is competive, but considering that Algovibe is not regulated, traders had better choose other regulated brokers who offer low spreads.Trading Platform Trading PlatformSupported Available Devices Suitable for Algovibe Webtrader ✔Web/ MT4❌/Beginners MT5❌/Experienced tradersDeposit and Withdrawal The broker accepts payments via credit cards, debit cards, e-payment gateways and wire transfers. Withdrawals are issued processing and handling fees. Requests are processed within 5 days. The fees are: $50 wire transfer, $35 credit card fee, $25 fee for alternative payment methods. Note that for accounts that have traded less than 200 times in volume, users cannot withdraw.