Verdict

/ 5

AlgoBi review

trusted

By Topbrokers Team

Updated on Aug 29, 2025

2 mins read

0 customer reviews

Overview

Unique Selling Points Extensive Range of CFDs Some traders trade forex where others may prefer commodities, cryptos, or shares or indices. To cater to all these types of...

See full overview for AlgoBi

Countries

+189

Devices

Minimum deposit

$250

Withdrawal fee

Deposit fee

Max insured

Our Verdict

4.1

/ 5

See our process of evaluating brokers

Commissions & Fees

4.1

/ 5

Deposit & Withdrawal

4.1

/ 5

Customer Support

4.1

/ 5

Account Opening

4.1

/ 5

Regulation & Safety

4.1

/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

See the entire process here.

Pros

Extensive Range of Tradable Assets: Wide range of CFDs (300+ instruments across all major markets).
TradingView and Mobile Trading Platforms: You can access popular trading platforms like TradingView and WebTrader. In addition, you can also trade with the company’s mobile app.
Floating Spreads and Low Trading Fees: AlgoBi offers low spreads discounted swap fees (on Gold and Silver Accounts).
Multilingual 24/5 Support: Customer support is available in 3 languages across live chat, email, and calls.
Demo Account: Free demo account available to practice trading strategies. New traders can learn different trading strategies before investing with their real funds.

Cons

No Tier 1 Regulations: AlgoBi has an offshore FSA regulation from Seychelles. The broker does not have any tier-1 regulators like ASIC and FCA that maintain the highest standards.
No Islamic or Swap-Free Accounts: AlgoBi offers discounts on swap-fees but does not offer swap-free accounts.
No MT4 and MT5 Platforms: Instead of MT4 and MT5, the company offers TradingView, WebTrader, and a mobile app.

General details

Introduction

AlgoBi is a new forex broker that started its operations in 2025. Despite being a new company, the broker offers you an extensive range of 300+ tradable instruments. These tradable assets include forex pairs, commodities, shares, crypto, and metals. And to trade with those instruments, you have access to the TradingView platform, WebTrader, and a mobile application. The company offers a 1:200 leverage, which means for every $1 of investments, you can control $200 worth of assets. The spreads on their most basic account are 1.9 pips. The initial deposit to start trading is $250, which feels a little higher than usual.

In terms of standout features, the broker allows copytrading and autotrading strategies by platforms. These features can benefit advanced traders who prefer automated trading strategies.

The broker is regulated by FSA Seychelles, and the entity is registered as DXA SEYCHELLES Limited under registration number 8438281-1. The company’s registered address is CT House, Office No. 9A, Providence, Mahe, Seychelles. Despite being a new company, the broker has offices in Argentina, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Panama, Peru, UK, UAE, Bahrain, Kuwait, Oman, Qatar, Saudi, Hong Kong, Malaysia, Philippines, Singapore, and Thailand.

Supported Countries

Whenever you are to choose a broker, it is crucial to know if that broker is taking clients from your country or not. Most of the time brokers are operating in limited countries because of local and international regulations. The easiest way to check if they accept traders from your country or not is to go to their sign up pages and fill in the details. If you don’t have any trouble signing up, this means the broker accepts clients from your country. Otherwise, you will see a pop-up or the sign up page won’t allow you to sign up. Another way to check is by asking the customer service.

AlgoBi accepts clients from most countries in the world. The list of restricted countries include the USA, Canada, the European Union countries, Iran, Iraq, Syria, North Korea, Sudan, Myanmar, and Russia.

Average Customer Ratings

The average customer ratings gives you insights into the experience other customers are having with a broker. Currently, AlgoBi has a decent 4.1 star rating based on the few reviews the broker has on Trustpilot.

Trading Platforms

The offered trading platform is a major deal maker or breaker in many cases as most brokers are platform loyal. AlgoBi offers you a TradingView platform, WebTrader, and a mobile app. These platforms are equipped with powerful features and give you maximum flexibility in terms of your choice of device. AlgoBi offers really fast Market Execution which helps you avoid slippage and trade at the prices you see at the time of execution.

For the traders who want to trade with MT4 or MT5, you can head to our MT4 and MT5 broker listings.

Leverage and Spreads

AlgoBi offers great leverage and spreads. The maximum leverage the company offers is 1:200. To save from incurring massive losses, the company offers a negative balance protection. In terms of fees, the broker charges low spreads of 1.9 pips on Silver, 1.5 pips on Gold, and 1.2 pips on Platinum accounts. These spreads may not appear very low but unlike other brokers, do not charge you other types of fees.

Customer Service

Despite being a new broker, AlgoBi checks many boxes when it comes to customer service. You can access customer support via phone, chat, and email. In addition, you can also find answers to your questions from their Support Hub FAQs section. The support and website are available in 3 languages: English, Spanish, and Arabic. Besides the usual platforms of communication, you can also reach the company on social media.

Deposits and Withdrawal Methods

Convenient deposits and withdrawals add a lot of convenience for traders. AlgoBi offers a wide range of payment options to serve all types of customers. You can use major payment options like VISA, MasterCard, Maestro, GPay, Apple Pay, PayPal, Neteller, Skrill, Astropay, and Kuady. Usually, brokers only offer three to four payment options.

Company Details

AlgoBi is registered in Seychelles as DXA SEYCHELLES LIMITED. The company’s FSA license number is SD218. The company’s registered address is CT House, Office No. 9A, Providence, Mahe, Seychelles. DXA SEYCHELLES LIMITED. The company started operations recently in April, 2025.

Regulations

The company is regulated by the FSA (Financial Services Authority). It is an offshore regulatory body, so it lacks the features you expect from a tier 1 broker. However, AlgoBi claims to offer segregated accounts and ensures KYC and AML compliance.

Conclusion

AlgoBi is a new broker with many solid offerings like powerful charting tools, TradingView platform, multilingual support, and an extensive range of tradable assets. The website is available in Arabic, English, and Spanish, catering to clients from many different target markets.

All things considered, AlgoBi is a legit broker with great offerings. Traders can find many valuable features worth choosing this broker.

Type of accounts

STP

Unlimited Demo Accounts

Trading platforms

TradingView

WebTrader

Proprietary Mobile App

Execution Model

STP

Deposit currency

USD

Regulatory compliance

Deposit payment systems

Withdrawal payment systems

Support Languges

English

Spanish

Arabic

Auto trading

Yes

Contact details

[email protected]

+971527256830

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Accounts

Silver Account

The Silver Account is a basic trading account that gives you access to all the available tradable assets with a 1:200 leverage. This account has a 5% stop-out level, 20% margin call, 1.9 pips in spreads, a minimum deal size of 0.01. However, unlike Gold and Platinum accounts, this account does not offer swap discounts. Besides swap and spreads, the company states that they do not charge other commissions on trading.

Gold Account

The Gold Account is a mid-tier trading account from AlgoBi. You have access to all the same tradable assets with the same 1:200 leverage and minimum deal size of 0.01 lots. The stop-out level is also the same at 5%. However, the main differences are the lower spreads of 1.5 pips and swap discounts of 40%.

Platinum Account

Platinum Account is the highest tier trading account from the company. The tradable assets, stop-out level, and the deal size are the same. But the spreads are lower (1.2 pips) and you get a 75% discount on swap fees. The lower spreads makes it a great choice for frequent traders.

Demo Account

A demo account is a free-tier trading account that gives you a feel of real-world trading. You can try different trading strategies on this account without risking your capital. In addition, you can also test the trading platform and get acquainted with the features before you commit to a paid account.

Tradable instruments

Access to a large number of tradable assets allows you to diversify your portfolio and explore more trading opportunities. AlgoBi gives you access to a large range of 300+ assets, which is higher than the usual 160-ish assets you get from most brokers. These assets include: