AlgoRates.com Review

Not yet rated

1 • 2 REVIEWS

Out of business

Updated: Apr 13, 2022

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Website is down. Company seems to be out of business.

WARNING

AlgoRates is asking clients to sign some "insurance" papers. These papers include an agreement to pay AlgoRates a penalty of $250,000 for any negative information transmitted in any way from the person who signs the agreement. Under these terms, AlgoRates could wait years before sending each client $1 as an insurance settlement and demand $250,000 from any client who complains.

WARNING

Warning: There are now 2 FPA Traders Court guilty verdicts against Algorates. The FPA recommends against placing money with this company until these issues are resolved.

Website is down. Looks like these scoundrels gave up on getting people to sign away all rights in exchange for a fake insurance settlement.

⭐ Recent User Reviews

Out of business

1 • 2 REVIEWS

Recent User Reviews of AlgoRates.com

Zackbear1987

, United Kingdom,

Mar 29, 2015,

Guest

Issue escalated to Traders Court zackbear1987 vs algorates.com | GUILTY

Scam. Promised high rates of return and lost contact with them and have had little correspondence from them. They have "ran away" with my money.

alshaibani

Kuwait, Kuwait,

Jan 30, 2015,

Guest

Issue escalated to Traders Court alshaibani vs algorates.com | GUILTY

Scam website, full interaction including calls and email to ensure I would invest, although their withdrawal policy was 1 month after submitting a request, as soon as I requested a withdrawal my account went from K to within the month, during that time no one answers all kinds of communication, email, website, call center, agents, sales people...etc.