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...