AlgoFX
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 |
| 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.
Read more
Pocket Option Scam Alert: Real Trader Complaints
Pocket Option scam alert — real traders report blocked withdrawals, fake KYC, slippage, and sudden bans after profits. Read multiple 2025 complaints before you deposit.
Beware Weltrade: Scam Reports Surge in One Month
Weltrade scam surge in August 2025: traders report fake prices, slippage manipulation, and delayed withdrawals. Protect your funds and think twice before trading.
PU Prime Launches “The Grind” to Empower Traders
Discover PU Prime’s new campaign, “The Grind,” and learn how trading discipline builds long-term success. Watch and start your trading journey today!
IG Adopts AI to Strengthen UK Marketing Compliance
IG boosts FCA compliance by integrating Adclear’s AI tools. Learn how automation accelerates marketing approvals and ensures regulatory accuracy.
WikiFX Broker
Latest News
ZarVista Legitimacy Check: Addressing Fears: Is This a Fake Broker or a Legitimate Trading Partner?
WikiFXGold's Historic Volatility: Liquidation Crash Meets Geopolitical Deadlock
WikiFXTreasury Yields Surge as Refunding Expectations Dash; Warsh 'Hawk' Factor Looms
WikiFXThe Warsh Dilemma: Why the New Fed Nominee Puts Fiscal Plans at Risk
WikiFXEurozone Economy Stalls as Demand Evaporates
WikiFXSouth African Rand (ZAR) on Alert: DA Leadership Uncertainty Rattles Markets
WikiFXNigeria Outlook: FX Stability Critical to Growth as Fiscal Revenue Surges
WikiFXAUD/JPY Divergence: Aussie Service Boom Contrasts with Japan's Fiscal "Truss Moment"
WikiFXZarVista Regulatory Status: A Deep Look into Licenses and High-Risk Warnings
WikiFXKODDPA Review: Safety, Regulation & Forex Trading Details
WikiFXRate Calc
