Algexia Review – Steps to Recover Funds From Algexia.net Revealed

This brokerage’s presentation is nothing but a tactic to get inexperienced traders on board. But those looking for precise information won’t find many relevant answers. However, this broker makes research way easier since they present themselves as a UK trading brokerage.

Many details about this investment firm show us they can’t be trusted. Yet, regardless of your experience, we invite you to read this Algexia review carefully and protect your funds with our advice.

Broker status:	Unregulated scam broker
Regulated by:	No regulations
Operating Status:	Active Forex and CFD trading scam
Known Websites:	Algexia.net
Blacklisted by:	N/A
Owner:	ALGEXIA LLC
Headquarters Country:	N/A
Foundation Year:	2023
Online Trading Platforms:	Web trader
Mobile Trading:	Not available
Minimum Deposit:	$1.000
Deposit Bonus:	Available
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes – BTC, ETH, XRM
Available Trading Instruments:	Cryptos, forex, indices, commodities, shares
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	Algexia Broker is definitely not one of the most reputable ones. Their license is missing and numerous details on their website don’t add up. Therefore, you can expect a lot of misleading and manipulation. If that occurs, contact our chargeback experts immediately.

Is Algexia Legit or a Scam?

Algexia company claims to be located in the United Kingdom. The legal name they present on its website is Algexia LLC. Yet, this trading name can’t be found in the Financial Conduct Authority (FCA) register. Consequently, might not be registered at all in the UK. Instead, they are most likely registered in some offshore country with weak or no regulatory oversight.

Most importantly, this company doesn’t have any top-tier licenses, starting with BaFin, CFTC, or ASIC. With this in mind, you know that zero funds protection features are available.

Traders’ Experience

Generally, Algexia reviews look quite positive. At least while checking out those 52 on Trustpilot. Yet, 15% of the comments show us where the trouble could be.

The ways these swindlers find to extort money from customers are numerous, primarily with the shady and a human-controlled trading platform. Secondly, they use clauses with bonuses and withdrawals to prevent traders from getting their money. But if you don’t know what to do in those situations, reach out to our team for professional refund advice.

How Does Algexia Work?

Algexia scam broker is mainly looking for inexperienced customers. Usually, such traders crack under pressure because they have seen lucrative advertisement campaigns and limited offers.

Thus, once traders sign up for something promising, they never get it. Instead, they are constantly harassed by company agents to deposit more and more money. If you have ever been in this situation, get in touch with our team for necessary assistance.

Who Are Algexia Victims?

This brokerage was registered in August 2023, according to who.is database. For the time being, they have mainly targeted victims from:

• United Kingdom
• France

Yet, without adequate Algexia regulation, none of those traders have ever been protected. To find out what to look for in a broker, check our Finquotes Financial review. But also, feel free to contact us directly for any chargeback answers.

What Are Trading Platforms Available?

On the positive side, the company’s trading platform is fully transparent. Traders can explore their web trader thoroughly. Thus, very easily, they will realize the platform doesn’t include any advanced features.

Instead, you can use just basic customization options and a few analytical tools. With such a poor offer, we highly doubt they have more than 1.5 million registered accounts. At least, that’s what they say.

Is the Algexia Mobile Trading App Available?

Another key missing feature is a dedicated mobile app for iOS and Android devices. Therefore, Algexia trading features are limited for mobile users. Not to mention that these web-based platforms are easily manipulated.

What Financial Instruments Does The Platform Include?

In general, this company claims to offer more than 1000 assets. These are divided into five major instrument classes. However, that’s completely irrelevant if the company is not authorized to provide such services. Anyway, the options are:

• Forex – GBP/JPY, AUD/HKD
• Commodities – silver, natural gas
• Shares – Amazon, Tesla
• Indices – DAX 30, CAC 40
• Cryptos – BTC, BCH

Account Types Offered by Algexia

According to account type classification, trading with this broker will cost you a lot. The minimum to start with is $1.000, which is unreasonable for such a broker. Especially because they are not licensed. Anyway, traders can choose between:

• Starter – $1.000
• Silver – $5.000
• Gold – $25.000
• Platinum – $50.000
• VIP – $250.000

Can a Trader Use an Algexia Demo Account?

Even though access to the company’s web trader is free, traders don’t have virtual funds available. Unfortunately, that option is not even available after registration. But if you look at our BeGlobalFund review, you will know why that’s important.

Algexia Fees, Leverage, and Commission

For a basic account, the company has quite expensive conditions. Spreads from 2 pips and a commission of 10% are insanely high. Not to mention, they don’t have to stop there.

With higher deposits, traders get fairly better conditions. But with scam brokers, that’s just a manipulative trick to get inexperienced customers to deposit more money.

On top of that, they are hiding its leverage. However, withdraw your money immediately if you get anything higher than 1:30.

Is Algexia Welcome Bonus Available?

Indeed, yes. Bonus offers with scam brokers are standard practice to get more funds from customers. Of course, withdrawing bonuses and any profits generated with it is practically impossible, mainly due to hidden and shady requirements set by the company.

Is ALGEXIA Withdrawal Possible?

Generally speaking, withdrawals with unregulated brokers are always a mystery. One way or another, traders end up losing money even if the company has a fully transparent withdrawal policy.

The whole withdrawal procedure may take up to 15 business days to complete. But with AML laws, KYC procedures, and non-existent fees, you can expect huge delays.

What Should I Do If I Have an Algexia Problem?

The first thing you should do is reach out to the FCA. Simply, they present themselves as the UK broker, and the FCA is the best place to report it. The second thing you should do is apply for a chargeback immediately.

However, depending on the payment method used, you might have to use some alternative refund options. In any case, you can book a free first consultation with our team and get detailed advice.