Algovibe

Note: Algovibe's official website: https://www.razermarkets.com/ is currently inaccessible normally.

Algovibe 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

Is Algovibe Legit?

No. Algovibe has no valid regulations currently. Please be aware of the risk!

What Can I Trade on Algovibe?

Account Type

Here are three account types Algovibe offers:

Leverage

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

Deposit 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.