EASYALGO has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The hidden fees at EASYALGO are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Market news feed|API access
Cons: Limited social trading features|Inactivity fee applies after 12 months
My card was charged twice by EASYALGO on the same day. I had to dispute it with my bank. EASYALGO then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Great customer service|Copy trading available|Intuitive for beginners
Cons: None so far
Do not believe the bonus offer from EASYALGO. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a forum discussion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Real-time alerts|Great customer service|Customizable dashboard
Cons: None so far|Some tools only available on higher tiers
Tried to withdraw my funds from EASYALGO and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. EASYALGO recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Fast support response|Easy to use platform
Cons: Cannot customize dashboard fully