Description

AlgoX, AlgoXAdmin, AlgoX Premium Signals, and a few other similar names. Purporting to trade in the UK, with customer service in the country of Cyprus. They communicate by telegram only. They tout that for several hundred dollars up to a few thousand dollars, they will trade the market with very large accounts for you, using a proprietary computer algorithm. They deliver simulated trading results daily, not in a chart, but in trading reports. In my experience, they would also hold live events on telegram detailing their trading journey and results twice weekly. Total scam. Finally, it got to the 90 days where I should have gotten a payout. Much delay over that. 2 months later, when I finally quit paying their fees, and blocked the automatic payments from my bank account, they finally blocked me on telegram, and it's the last I've heard from them. The payouts would have been massive if the scam was a real thing. But as in the way of scams, plenty of money went from me to them; none returned from them to me. Watch out for Algo X.