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FX Scam Algotechs (https://algotechs.com/ ) and BeAlgo (bealgo.com)

Discussion in 'Scam Alerts' started by asinha, Oct 29, 2018.

  1. fantaboyjoy

    fantaboyjoy Recruit

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  2. Mac101

    Mac101 Private, 1st Class

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    Maybe you can ask your Mates to pay me Mr Bealgo
     
  3. terx84

    terx84 Private, 1st Class

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    i request all investors who have fallen victim of bealgo and algotechs scam to report the scam here -

    https://fintelegram.news/whistleblower-system/

    the more people will report, the more chances that we would be able to recover our money.
     
  4. ChilledinSpain

    ChilledinSpain Recruit

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    They’ve completely disappeared, probably back to Eastern Europe. I never trusted them completely so never invested any real money with them. I lost $2000, considering I could have invested considerably more, it’s nothing more than a lesson learned.
     
  5. Abhi_Forextrader

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    Guys who are keen to invest in Forex ready this incident and BE CAREFUL WITH FOREX BROKERS SPECIALLY FROM CYPRUS... golden-fx.com; Bealgo, Algotechs..

    They are not an ATS company, they claim they have an algorithm, but i am sure they do not have any auto trading software.. they are just fraudsters, who use our money to make their own profits and at the end after more than a year they might give principal or less amount. Post which they will open your trades in both the directions buy and sell; so that you are in loss forever... Below is the sequence of incident that happened to me with ALGOTECHS: algotechs.com

    This happen to me this April 2019... When i requested for withdrawals.. it took 1 month to get the money 500eurs; Post this withdrawal within few days i saw all my margins used and all trades are in negative.. so i tried calling account manager from Algotechs, Robin Hill.. No answers, no response, tried to lure him saying that i need to deposit more, still no answer... Finally when i was frustrated, i sent an email to Bealgo and Robin stating i will register a complain with Regulators... they responded mentioning we do not deal with your trades directly it is Algotech software which works, blah, blah, blah... We have forwarded the request to Algotechs they will reach out to you... After 3 days i got a call from a person called Yhan Valis, yhan at algotechs.com,
    Risk Management Executive at Algotechs; very rude and said you have few options ... keep the trade as-is, add more money so we will recover the trades.. From his conversation it seems that they are not going to give our money whatever you do... I have lost huge money with algotechs..
    So guys, in short PLEASE, PLEASE, PLEASE... do not put money with these brokers... they are fraud and loot your money...
    Let us jointly be together to file a complain against these fraudster..
    I do not want any other guys to fall prey with these people.. Ping me and we should form a group to fight with these Fraud...
     
  6. Abhi_Forextrader

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    Guys who are keen to invest in Forex read this incident and BE CAREFUL WITH FOREX BROKERS SPECIALLY FROM CYPRUS... golden-fx.com; Bealgo, Algotechs..

    They are not an ATS company, they claim they have an algorithm, but i am sure they do not have any auto trading software.. they are just fraudsters, who use our money to make their own profits and at the end after more than a year they might give principal or less amount. Post which they will open your trades in both the directions buy and sell; so that you are in loss forever... Below is the sequence of incident that happened to me with ALGOTECHS: algotechs.com

    This happen to me this April 2019... When i requested for withdrawals.. it took 1 month to get the money 500eurs; Post this withdrawal within few days i saw all my margins used and all trades are in negative.. so i tried calling account manager from Algotechs, Robin Hill.. No answers, no response, tried to lure him saying that i need to deposit more, still no answer... Finally when i was frustrated, i sent an email to Bealgo and Robin stating i will register a complain with Regulators... they responded mentioning we do not deal with your trades directly it is Algotech software which works, blah, blah, blah... We have forwarded the request to Algotechs they will reach out to you... After 3 days i got a call from a person called Yhan Valis, yhan at algotechs.com,
    Risk Management Executive at Algotechs; very rude and said you have few options ... keep the trade as-is, add more money so we will recover the trades.. From his conversation it seems that they are not going to give our money whatever you do... I have lost huge money with algotechs..
    So guys, in short PLEASE, PLEASE, PLEASE... do not put money with these brokers... they are fraud and loot your money...
    Let us jointly be together to file a complain against these fraudster..
    I do not want any other guys to fall prey with these people.. Ping me and we should form a group to fight with these Fraud...
     
  7. ChilledinSpain

    ChilledinSpain Recruit

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    Let’s have it right shall we guys. They’re thieves, nothing more than common thieves.

    I would be all for going after them, but I doubt we’ll ever find them, or if we did the money would be long gone.
     
  8. Mac101

    Mac101 Private, 1st Class

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    Abhi
    EXACTLY what they did to us all.

    Im with you.
     
  9. primusSux

    primusSux Recruit

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    Just want to add my voice to the chorus of the scammed. I invested back in Q3 of 2018 and they evaporated all of my account holdings in 36 hours. Same as everyone else is saying, they opened huge losing trades and tried to blame it on some trading bot BS. They emptied my account through terrible trades on April 7th which is different from the day many others claim they got wiped out so I speculate that they are a straight up scam and this isn't some technical glitch. Those responsible need to go to prison for blatant fraud. They tried to get more money out of me but it was clear to me at that point that they were just a scam. If there is anything I can do aside from fill out the whistleblower form someone attached, please reach out to me.
     
  10. Mac101

    Mac101 Private, 1st Class

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    Main thingnis. DONT LET THESE LOSES GO COLD
     

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