Forex Brokers

Impersonation of Algo Pty Limited (algoyatirim.com)

1.3 (12 reviews)
🇦🇺 Australia
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1.3
12 reviews
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About Impersonation of Algo Pty Limited (algoyatirim.com)

Impersonation of Algo Pty Limited (algoyatirim.com) has been flagged by ASIC (Australia) for "Imposter". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: algoyatirim.com.

Customer Reviews

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Unprofessional and unreliable

M
Monica T.
1 months ago

My withdrawal from Impersonation of Algo Pty Limited (algoyatirim.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I retired last year of being strung along.

Pros: Wide product range|Instant funding|Helpful community forum

Cons: Minimum deposit could be lower|Slow to add new assets

Spread widened during news without notice

K
Kevin G.
4 months ago

I gave Impersonation of Algo Pty Limited (algoyatirim.com) a fair chance. After for close to eighteen months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.

Pros: Great customer service|Fast support response

Cons: Cannot customize dashboard fully

Market maker conflict

T
Trevor A.
4 months ago

I experienced a security concern with my Impersonation of Algo Pty Limited (algoyatirim.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.

Pros: Responsive team|Low minimum deposit|Multiple order types|Excellent charting

Cons: No live chat on mobile

They took my patience and my money

R
Rebecca R.
5 months ago

Do not use Impersonation of Algo Pty Limited (algoyatirim.com) for anything serious. I used them for about eight months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Intuitive for beginners|Competitive fees|Fast execution|Responsive team

Cons: Help articles are sometimes vague

Balance went negative they want it back

R
Rachel X.
5 months ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Impersonation of Algo Pty Limited (algoyatirim.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Copy trading available|Smooth onboarding

Cons: Currency conversion fee exists|Account statements could be more detailed

No way to escalate complaints

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Natalie E.
5 months ago

I have been trying to close my account with Impersonation of Algo Pty Limited (algoyatirim.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Excellent charting|Easy to use platform|Economic calendar|Real-time alerts

Cons: No crypto staking

Stay far far away

C
Caleb T.
6 months ago

I lost a significant amount because Impersonation of Algo Pty Limited (algoyatirim.com) 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: Instant funding|Responsive team|Multi-device support

Cons: Desktop app not available on Linux

Introducing broker lied to me

T
Thomas C.
7 months ago

After for about three months with Impersonation of Algo Pty Limited (algoyatirim.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.

Pros: Demo account available|Risk management tools|Quick verification|Multi-device support

Cons: Withdrawal takes 1-2 business days|No live chat on mobile

Feeling robbed honestly

R
Robert E.
8 months ago

After spending for about five months trying to make Impersonation of Algo Pty Limited (algoyatirim.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.

Pros: Regular platform improvements|Fast support response

Cons: Limited cryptocurrency options

Rollover requirements are insane

M
Miles J.
10 months ago

The spread at Impersonation of Algo Pty Limited (algoyatirim.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.

Pros: Segregated accounts|Comprehensive tools|Smooth onboarding

Cons: Slow to add new assets