Exposure algobi Review 2026: Is this Forex Broker Legit or a Scam?
Algobi is a newly established Forex provider launched in 2025, operating primarily under an offshore license from the Seychelles FSA. Given its brief market presence, weak regulatory oversight, and a notably low WikiFX score of 3.12, retail traders face elevated counterparty risks and should proceed with strict caution.
FX2699183915
Salvador
I want to report a problem I cannot withdraw money from the Algobi platform initially they convinced me to invest I started with $200, but when I wanted to withdraw the profits they asked me to deposit $1,000, and so on to the point that I deposited almost $10,000 dollars and I need my investment back my contact number is +503 72323989
Exposure
FX2174390837
Mexico
They won't let me withdraw my balance. They ask me for a deposit of $1000 to release the funds. My initial investment was $200, and then they told me that my account had to be premium and all withdrawal movements were fast, I had to invest in a $1000 portfolio, which I invested. According to the money I have inside, it amounts to $3000, which I have never seen reflected. On the contrary, since I told them I wouldn't deposit a single peso more until I see my profits, the capital and balance have decreased. Finally, a second advisor contacted me saying that the account is at risk due to a war situation and that I had to deposit to protect my funds.
Exposure
FX4111056649
Costa Rica
I have an open account with Algobi, I have deposited more than USD 10,000.00. Currently they show that I have a balance in my favor of $47,820.50 but since I have a margin level of 44.28%, a Free Funds balance of -US$4,952.15, I must cover that amount to request to close (suspend) the account and withdraw the balance of the account plus what I deposit to cover the deficit of the Free Funds.
Exposure
FX3896044146
Peru
I started with a small investment because I didn't know anything about trading. I explained it to them, and they demanded I invest and make a bank transfer in dollars. Then they demanded two deposits via SAFETYPAY. Later, they overleveraged the account, demanded I invest in gold, silver, and BREND, and stopped providing support. I only started investigating and noticed the account was losing money until it was wiped out. Now they ask me to deposit more money to save the account, recover the funds, and close it. Honestly, with the information I've been able to gather, I don't believe them. I lost everything. Now they're calling me, raising their voices and threatening me, saying I must face the consequences and that I'll have problems internationally. They're telling me that if they harm me, I should see why Algobi doesn't consider the human aspect. That's what they're saying. They never showed me a contract, and now they've given me one I didn't know about and never signed. I demand a review of my account and compensation for the damages.
Exposure
FX3937750947
Mexico
Algobi, through its advisors, tricks people into investing and then prevents withdrawals. They claim your money is in the "financial market" and that to release your funds you must deposit more money; it's a blatant scam.
Exposure
Mariana Rangel silva
Mexico
First, an advisor called me and opened my account, charging me around 1,200 Mexican pesos without telling me. However, he argued that the money was in my account and still in my name. From there, he began to teach me how to make transactions, and I started to see profits in my account. However, the advisor began to ask me to make larger investments. When I explained that I did not have any more money, he asked me to borrow money. I refused, and he transferred me to another advisor. The same thing happened again, but this time, seeing that they were monitoring my account and had even given me a bonus, I agreed to transfer the money and then take out a loan for 18,000 pesos. I made the transfer, but I made a mistake and added 10 pesos too many, and from then on they told me that I had to get 250,000 Mexican pesos so that they could return it to me. I refused to do so and they began to threaten me. My money is there, but I can't withdraw it. Please help me!
Exposure