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Score

3.06 /10
Danger

algobi

Seychelles

1-2 years

Regulated in Seychelles

Derivatives Trading License (EP)

High Potential Risk

Offshore Regulation

https://www.algobi.com/en

Influence

B

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index4.03

Business Index4.90

Risk Management Index4.46

Software Index4.56

License Index4.00

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

More

Company Name

DXA SEYCHELLES LIMITED

Company Abbreviation

algobi

Platform registered country and region

Seychelles

Company website

X

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Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2026-08-13
  • WikiFX has recorded a total of 6 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
  • Current data indicates that this broker does not have trading software. Please be aware of the risk.

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Algobi deceives investors into investing.

Algobi, through its advisors, tricks people into investing and then prevents withdrawals. They claim your money is in the "financial market" and that to release your funds you must deposit more money; it's a blatant scam.

2026-04-03 10:44
Resolved

I have an open account

I have an open account with Algobi, I have deposited more than USD 10,000.00. Currently they show that I have a balance in my favor of $47,820.50 but since I have a margin level of 44.28%, a Free Funds balance of -US$4,952.15, I must cover that amount to request to close (suspend) the account and withdraw the balance of the account plus what I deposit to cover the deficit of the Free Funds.

2026-06-27 01:03
Scam

They won't let me withdraw my

They won't let me withdraw my balance. They ask me for a deposit of $1000 to release the funds. My initial investment was $200, and then they told me that my account had to be premium and all withdrawal movements were fast, I had to invest in a $1000 portfolio, which I invested. According to the money I have inside, it amounts to $3000, which I have never seen reflected. On the contrary, since I told them I wouldn't deposit a single peso more until I see my profits, the capital and balance have decreased. Finally, a second advisor contacted me saying that the account is at risk due to a war situation and that I had to deposit to protect my funds.

2026-07-23 00:18
Others

They burned my account even though I warned them.

I started with a small investment because I didn't know anything about trading. I explained it to them, and they demanded I invest and make a bank transfer in dollars. Then they demanded two deposits via SAFETYPAY. Later, they overleveraged the account, demanded I invest in gold, silver, and BREND, and stopped providing support. I only started investigating and noticed the account was losing money until it was wiped out. Now they ask me to deposit more money to save the account, recover the funds, and close it. Honestly, with the information I've been able to gather, I don't believe them. I lost everything. Now they're calling me, raising their voices and threatening me, saying I must face the consequences and that I'll have problems internationally. They're telling me that if they harm me, I should see why Algobi doesn't consider the human aspect. That's what they're saying. They never showed me a contract, and now they've given me one I didn't know about and never signed. I demand a review of my account and compensation for the damages.

2026-06-14 11:42
Unable to Withdraw

I want to report a problem

I want to report a problem I cannot withdraw money from the Algobi platform initially they convinced me to invest I started with $200, but when I wanted to withdraw the profits they asked me to deposit $1,000, and so on to the point that I deposited almost $10,000 dollars and I need my investment back my contact number is +503 72323989

2026-07-24 04:38
Scam

I was a victim of fraud

A supposed advisor contacted me, telling me to deposit a lot of money so that the account would be important, and I agreed to deposit 8400 USD. Then she told me to do the operations exactly as she said, and we ended up taking the account to a loss of 36000 USD. At that moment, she told me that they were going to do a bailout of the account, and another person called saying that they could buy the account, but I had to deposit 25000 USD. so that later they would transfer 50,000, and if I did not agree to that mediation, then they would blame me for the closure of the account and charge me 330,000 USD.

2026-08-12 18:56
Scam

First, an

First, an advisor called me and opened my account, charging me around 1,200 Mexican pesos without telling me. However, he argued that the money was in my account and still in my name. From there, he began to teach me how to make transactions, and I started to see profits in my account. However, the advisor began to ask me to make larger investments. When I explained that I did not have any more money, he asked me to borrow money. I refused, and he transferred me to another advisor. The same thing happened again, but this time, seeing that they were monitoring my account and had even given me a bonus, I agreed to transfer the money and then take out a loan for 18,000 pesos. I made the transfer, but I made a mistake and added 10 pesos too many, and from then on they told me that I had to get 250,000 Mexican pesos so that they could return it to me. I refused to do so and they began to threaten me. My money is there, but I can't withdraw it. Please help me!

2026-02-27 06:05

    News

    ExposureAlgobi Review: Users Across Latin America Report Withdrawal Blocks and Mounting Deposit Demands

    Algobi holds an offshore Seychelles FSA license and carries a WikiFX score of 3.11. Complaints from users across Latin America describe a consistent pattern: small initial deposits, on-screen profits, then blocked withdrawals and escalating demands for more money. Some users report aggressive pressure tactics when they refuse to deposit further.

    WikiFX
    2026-08-12 10:30
    Algobi Review: Users Across Latin America Report Withdrawal Blocks and Mounting Deposit Demands

    Exposurealgobi Review 2026: Is this Forex Broker Legit or a Scam?

    Algobi is a newly established Forex provider launched in 2025, operating primarily under an offshore license from the Seychelles FSA. Given its brief market presence, weak regulatory oversight, and a notably low WikiFX score of 3.12, retail traders face elevated counterparty risks and should proceed with strict caution.

    WikiFX
    2026-04-17 10:34
    algobi Review 2026: Is this Forex Broker Legit or a Scam?
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    User comment

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    Comments

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    FX3329262752
    0-3months
    Se comunico conmigo una supuesta asesora que me dijo que ingrese mucho dinero para que la cuenta sea importante y accedí a ingresar 8400 usd. Luego me dijo que haga las operaciones tal cual como ella me decía y terminamos llevando la cuenta a un rojo de 36000 usd. En ese momento me dijo que iban a hacer un salvataje de la cuenta y llamo otra persona diciendo que me podían comprar la cuenta, pero yo tenía que ingresar 25000 usd. para que después me transfieren 50.000 y si no accedía a esa mediación entonces me iban a culpar del cierre de la cuenta y me cobrarían 330.000 usd.
    Se comunico conmigo una supuesta asesora que me dijo que ingrese mucho dinero para que la cuenta sea importante y accedí a ingresar 8400 usd. Luego me dijo que haga las operaciones tal cual como ella me decía y terminamos llevando la cuenta a un rojo de 36000 usd. En ese momento me dijo que iban a hacer un salvataje de la cuenta y llamo otra persona diciendo que me podían comprar la cuenta, pero yo tenía que ingresar 25000 usd. para que después me transfieren 50.000 y si no accedía a esa mediación entonces me iban a culpar del cierre de la cuenta y me cobrarían 330.000 usd.
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    2026-08-12 18:56
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    FX2699183915
    0-3months
    Quiero reportar un problema no puedo retirar dinero de la plataforma algobi inicialmente me convencieron de invertir empecé con $200, pero cuando quince retirar las ganancias me pedía depositar $1,000 y así al grado que deposite casi $10,000 dolares y necesito la inversión de regre.
    Quiero reportar un problema no puedo retirar dinero de la plataforma algobi inicialmente me convencieron de invertir empecé con $200, pero cuando quince retirar las ganancias me pedía depositar $1,000 y así al grado que deposite casi $10,000 dolares y necesito la inversión de regre.
    Translate to English
    2026-07-24 04:38
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