Algorfinance / algorfinance.net 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.
The platform at Algorfinance / algorfinance.net is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about eight months of dealing with this, I have had enough.
Pros: Detailed reporting|Intuitive for beginners|Regular platform improvements
Cons: Mobile app could be improved
The onboarding at Algorfinance / algorfinance.net was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: High security standards|Dedicated account manager
Cons: Spreads widen during volatile periods|Alert system is basic
Algorfinance / algorfinance.net offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multiple order types|Full transparency
Cons: Onboarding videos are outdated
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Algorfinance / algorfinance.net has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises