2 mins read | Working with Algobi was an excellent experience. They understood my requirements clearly and delivered exactly what I needed.
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...
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 traders with different preferences, AlgoBi offers an extensive range of 300+ tradable assets. You can trade with these assets with a decent 1:200 leverage and low spreads.
Advanced Trading Platforms
Your trading experience heavily depends on the platform you choose. AlgoBi offers an advanced TradingView platform with great charting tools and many exciting features. You also have the option to trade with WebTrader. If you want to trade from your phone, you can do that by downloading the company’s mobile app on your phone.
Trading Device Flexibility
AlgoBi gives you a lot of trading flexibility as you can trade on the go from your computers, laptops, and even mobile devices. You can stay on top of market trends and execute the best trades instantly no matter where you are. All you need is a stable internet connection and a device to execute trades.
Auto Trading and Copy Trading Options
Copy trading and auto trading are advanced trading strategies that professional users utilize to automate their trades. Many brokers do not allow this type of trading. That is not the case with AlgoBi as the broker does not restrict these trading strategies.
Countries
+190
+190Devices
Minimum deposit $250Withdrawal fee $0Deposit fee $0Max insured No
Our Verdict 4.1 / 5
See our process of evaluating brokers
Commissions & Fees4.1 / 5
Deposit & Withdrawal4.1 / 5
Customer Support4.1 / 5
Account Opening4.1 / 5
Regulation & Safety4.1 / 5
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 accountsSTPUnlimited Demo Accounts
Trading platformsTradingViewWebTraderProprietary Mobile App
Execution modelSTP
Deposit currency
USD
USDRegulatory compliance
HCMC
HCMCDeposit payment systems
Withdrawal payment systems
Support languagesEnglish
SpanishArabic
EnglishSpanishArabicAuto tradingYes
Contact details[email protected]+971527256830
Customer reviews
Overall score 5 / 5 · 8 customer reviews
Read real reviews from traders all over the world:
See the entire process here.
I’ve worked with many companies but Algobi stands out for its professionalism dedication and timely results. Truly a five star experience.
Amazing experience with Algobi. The customer service was excellent and the results exceeded my expectations.
The web trader runs flawlessly with no lag or crashes even during high volatility events. Execution is fast and reliable which is exactly what traders need.
Fantastic experience. Everything was delivered on time and went beyond expectations.
I had a withdrawal issue but the support team handled it quickly and professionally. They were patient and knowledgeable and resolved everything within a day. Excellent service overall.
I like that it keeps things focused purely on trading without unnecessary distractions. It’s a serious platform built for traders who want to stay focused not entertained.
I switched from another broker and have been pleased so far. The spreads are competitive and the platform is responsive. My only minor concern is that the password reset process could be easier.
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:
- Stocks
- Currencies (Forex pairs)
- Commodities (metals, oil, gas)
- Cryptos
- Indices
✓Currencies50
