Home -

Main body -

WikiFX Express

SBCFX

AlgoFX

WikiFX | 2026-04-20 23:37

Abstract：AlgoFX is a newly-established broker registered in the United States, offering trading in forex pairs, gold, silver, oil, and gas with leverage up to 1:500 via the MT5 platform. However, it currently has no valid regulations.

Note: TradeBaionics's official website - https://www.tradebaionics.com/ is currently inaccessible normally.

AlgoFX Review Summary
Founded	2024
Registered Country/Region	United States
Regulation	Not regulated
Market Instruments	CFDs on 70+ forex pairs, gold, silver, oil, and gas
Demo Account	✅
Leverage	Up to 1:500
Spread	/
Trading Platform	MT5
Min Deposit	/
Customer Support	Email: support@algofx.live
Customer Support	Social media: Facebook, Twitter, and Instagram

AlgoFX is a newly-established broker registered in the United States, offering trading in forex pairs, gold, silver, oil, and gas with leverage up to 1:500 via the MT5 platform. However, it currently has no valid regulations.

Pros and Cons

Pros	Cons
Various trading assets	Unavailable website
Demo accounts offered	Not regulated
Multiple account types	Only accept crypto payments
Popular trading platform - MT5	Only email support

Is AlgoFX Legit?

No, AlgoFX operates without regulation. Please be aware of the risk!

What Can I Trade on AlgoFX?

Tradable Instruments	Supported
CFDs	✔
Forex pairs	✔
Gold & silver	✔
Oil & gas	✔
Indices	❌
Stocks	❌
Cryptos	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

AlgoFX offers three account types: Standard, Commission and STP Pro account. It also offers demo accounts.

Leverage

AlgoFX offers leverage up to 1:500. Note that trading with high leverage can lead to huge profits and losses.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Mobile	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

AlgoFX only accepts payments via crypto wallets. Other popular payment options like bank transfers, credit/debit cards, and e-wallets are not available.

Broker Dealer

Related broker

2-5 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.87

Tattvam Review 2026: Investigating Complaints Concerning Trade Executions

Did you encounter trade-related concerns with Tattvam, a Mauritius-based brokerage entity? Several users have reportedly accused the broker of cancelling profitable trades, allegedly citing scalping as the reason. At the same time, traders have reportedly expressed concerns over the lack of understanding among the broker officials about critical trading aspects such as copy trading. In this Tattvam review, we have carefully examined user-reported allegations. Additionally, we have given a regulatory overview of the broker.

Original 2026-08-27 21:38

suxxessfx Review 2026: Funds Worth $5K-$42K Reportedly Lost. Check Our Investigation!

suxxessfx, a Seychelles-based brokerage entity, grabbed massive ire from traders on broker review platforms such as WikiFX, a globally recognized forex broker regulation inquiry app. Exposure reports have revealed fund losses worth over $5K-$42K on the broker’s trading platform. This suxxessfx review examines serious user allegations and its regulatory status. Read on!

Original 2026-08-25 21:09

Sygnum Global FCA Warning: Check sygnumglobal.co Before You Send Money

The FCA warned that Sygnum Global and sygnumglobal.co are unauthorised. Check the phone numbers, consumer protections and payment steps before dealing.

Original 2026-08-24 23:01

TICKMILL Review 2026 for India: RBI Alert, Regulation, Login and Forex Risk

The RBI Alert List, updated on 19 November 2025, names TICKMILL at row 38. RBI says listed entities are not authorised to deal in forex under FEMA or operate an authorised forex ETP in India. The FCA also lists the genuine firm TICKMILL UK LTD, FRN 717270, in a warning about a separate clone. The overseas record does not create RBI authorisation.

Original 2026-08-24 22:50