ANSWER Algo Robot is an unregulated broker we advise against trading with, despite the seemingly attractive deals it offers.Algo Robot fails to provide regulatory information and licensing data, a significant scam indicator as legitimate brokers always prominently display such information to instill trust and transparency. This is a red flag. In addition, the Financial Authority (Autorité des Marchés Financiers, AMF) has added Algo Robot to its warning list for illegally providing investment services without appropriate authorization.Regarding your question, we strongly suggest you avoid dealing with Algo Robot. It is an unlicensed broker coming with huge risks such as loss of funds and identity theft. Once your money is in this platform, there are no legal protections in place to safeguard it. Therefore, investors are encouraged to stay away from unlicensed brokers like Algo Robot and to choose fully regulated ones instead.
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