CERTAIN SCAM: Algo Signals review

Algo Signals webpageIn this review we show that Algo Signals is a scam that won’t make you any money.

Algo Signals is a trading signals service for Forex and cryptocurrencies. The signals allegedly are of “high quality” and “effective”. This suggest they are profitable.

The signals are free, you can even try them on a demo, so do you have anything to lose? Unfortunately, yes!

Algo Signals scam

You should always be very suspicious when somebody is giving you free trading signals that are allegedly profitable. You see, if it was that easy to be profitable in trading, we all would be already very rich. You would have nothing to learn, just let a free robot trade with your money.

It sounds crazy, because it is crazy and impossible. When you see such an offer, it is extremely likely a scam. The first big lie you can see on the Algo Signals website is that they work with licensed brokers only. It’s not true, continue reading to see the truth.

Fake demo

Fake demo resultThe proof that Algo Signals is a scam lies in the trading platform. We tested it in the demo mode and right after the first everything was clear.

It made a trade on the AUD/USD claiming that it doubled the investment with a 3-pipette move, which is impossible in real trading. The trade is obviously fake.

This means that Algo Signals is faking demo results to make you believe it is profitable, and that means that in real trading it is not profitable.

How it really works

Trading platformWhy so much effort with such a crap that is free? The reason is simple, they have only one aim, to make you deposit money with an unregulated broker that they are affiliated with, so that they get paid a commission for referring you.

This unregulated broker they will push you to is MYfintec and you can be sure that if you send them your money, you will never see it again. So, this seemingly free signals service is made just to take your money via a third party.

Conclusion

Algo Signals is a scam that fakes demo results to make you lose money with an unregulated broker. Stay away from it!

There is no free money. If you want to make money in trading, you will have to devote time and learning to testing. You can practice on a free demo account with a regulated broker until you build a profitable strategy or until you decide trading is not for you, risk free.

Free signals and free trading robots always come with red flags.

Summary
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Algo Signals
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4 thoughts on “CERTAIN SCAM: Algo Signals review

  1. Ok, I’ve been hearing a lot about this software, I’ve read Every Review on it and Seen YouTube Videos from People who Seems like their actually making Money with this system, I started to take interest in Crypto Master Bot following on YouTube this guy from the BLW group and another guy the host a program “sit on my bits” from London or England “IDK”, then while checking out Crypto master bot researching online? then I was brought to Algo-signal and was told their the Original and that Crypto Master bot is the fake… now after reading multiple review on ALGO-SIGNAL?the Only Question I have is? why don’t they say who are their TRUSTED BROKER?, on every Review I’ve read it always say’s that they deal with trusted broker’s but never mentions Who it is?, Finally I sign up to them to see how they are and try the software and later that day I get a Call and an Email From “GSI Markets Ecn Connect” which I’ve never Heard of or I never Sign on to them!, they stated that they received my Enrollment which I never sign up to them, and started to ask Questions, I asked if they were Affiliated or do business with “ALGO-SIGNAL”, they stated that their a seprate company and they were based out in Columbia, now I live in Panama so that’s not very Far so I started Investigating them and Found that this Company doesn’t have any good rating online, so therefore How can I be sure of any Review on Algo-signals to be True?, Algo-signal nor the Person who say’s that they Review the software never Mentions the TRUSTED broker that ALGO-SIGNAL WORK WITH? do they Work with this GSI Markets Ecn Connect? or not or who do they Work with thats a Trusted Broker?

    1. Hi, the reason why they don’t mention who their “trusted” broker is, is pretty simple. They are scammers and they frequently change brokers they cooperate with. Some shady brokers will get caught, some will disappear, some won’t pay very well… So, scammers who create scam trading robots keep changing brokers, this is why they don’t don’t mention any specific names in their videos and review. Also, they don’t won’t you to be able to check who their shady partner is before you sign up. The point is that their “trusted” brokers are just shady companies that are willing to accept new customers from scam trading systems.

  2. Re your Algo review – is this the Algo that is getting almost complete support from so many of the other anti-scam sites? And if it is, why is it attracting such glowing reviews from those sites, when it is pretty clear that you feel it is a solid-gold scam. Any advice gratefully received.

    1. Hi, we provided proofs in our review. Sites that say Algo Signals is a good program are promoting it for money. That’s how this industry works.

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