AlgoBi Review

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.