Algo Bank / algobanc.org has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
What really bothers me about Algo Bank / algobanc.org is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them when my bank disappointed me and I searched for alternatives and I fell for the polished exterior. Never again.
Pros: Segregated accounts|Easy withdrawals
Cons: Currency conversion fee exists|Withdrawal takes 1-2 business days
After seeing ads for Algo Bank / algobanc.org online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Swiss Financial Market Supervisory Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The platform at Algo Bank / algobanc.org is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over a year of dealing with this, I have had enough.
Pros: Multi-device support|Good analytical tools|Good mobile app|Personal attention
Cons: Would like more payment methods|Email notifications too frequent
I lost a significant amount because Algo Bank / algobanc.org did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Quick verification|Regular updates|Full transparency
Cons: Nothing significant
The mobile app from Algo Bank / algobanc.org is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Good mobile app|No hidden fees
Cons: Account statements could be more detailed|Could offer more webinars
I opened an account with Algo Bank / algobanc.org since I opened my account last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Social trading features|Real-time alerts|Multi-currency support|Portfolio tracking tools
Cons: Mobile app could be improved
I want to warn everyone about Algo Bank / algobanc.org. They have been flagged by Swiss Financial Market Supervisory Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns