They claim to be a leading international algo trading company . They uses a broker called bealgo.com. One can use bealgo website to deposit money to the broker. They claim that they would take 30% of the profit and money can be withdrawn at any time. Bealgo also provides MT4 where one can see open trades. They only trade EUR/ USD pair
I deposited 2100 EUR with them through 3 credit card transactions . Dated 16/09/2017, 4/10/2017 and 2/10/2018.
I posted my first withdrawal request on 03/10/2018 for 1000 EUR. I got a call from Robin Hill , my account manager from Algotechs, that they can not process credit card withdrawal request and I should request a wire transfer. I posted a wire transfer request to my bank on 07/10/2018 for 2500 EUR. Nothing happened . I inquired status of my request several times through bealgo customer support, never received any reply. 29/10/2018 , I called Robin Hill (account manager from Algotechs) that I want to to close my account . I send the request number of times to bealgo but nothing happened. I also asked him to close all open trades and cease trading activities from my account.
Immediately after that some huge trades were placed in my account and it went to negative. Also these trades were also fake . A buy order is placed for lot size 2.52 on 29/10 at 12:50 @1.4459 which is making loss of EUR 1800. Interestingly EUR/USD pair today was between 1.13697 - 1.13754. Please check the account report before I spoke to Algotechs guy Robin Hill and after that. The profitable open trades disappeared .