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AlgosOne. Has anyone heard any negative stuff.
Ghazi Nasr
巴哈馬
2025-04-18
ANSWER Dear Investor, We strongly advise against trading with AlgosOne. The company claims to hold an EU license; however, our search revealed no corresponding information in the European Securities and Markets Authority (ESMA) database. Additionally, while it displays an FAU license at the bottom of its website, this is irrelevant to foreign exchange regulation. In the Czech Republic, only the Czech National Bank (CNB) is authorized to regulate forex activities, rendering the FAU license meaningless in this context. Further amplifying the concern, the Financial Services and Markets Authority (FSMA) has issued a warning about AlgosOne, highlighting its lack of the required authorization to operate. Based on these findings, AlgosOne strongly appears to be a scam. We urge you to exercise extreme caution and avoid any dealings with this company.
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Is AlgosOne a regulated platform?
Sihle Malinga
盧森堡
2025-03-24
ANSWER Dear Investor, AlgosOne appears to be an unregulated trading platform. We advise to exercise extreme caution and stay away from it. AlgosOne claims to hold an EU license; however, no matching information could be found in the European Securities and Markets Authority (ESMA) database. The platform claims to be regulated by the Financial Analytical Office (FAU), but we haven't found corresponding records. It is important to note that, in the Czech Republic, the authority to license and regulate forex brokers rests with the Czech National Bank (CNB). Our search for the company in the CNB register didn't return any records. Furthermore, the Financial Services and Markets Authority (FSMA) has issued a warning against AlgosOne, advising against trading with the platform. Based on the evidence, AlgosOne appears to be unregulated. We suggest you stay clear to protect your investments.
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