Read our Crypto Algorithm review to see if we recommend this broker for trading. Just to clear doubts, this is a cryptoalgorithm.net review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Crypto Algorithm is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Crypto Algorithm in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Crypto Algorithm Review Conclusions
Making the Crypto Algorithm review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Crypto Algorithm review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
We have also lost our money to these guys.
Warning, do your home work
They are one of the most sophisticated scammers I’ve ever dealt with.
An unregulated company that will take everything you’ve got.
SCAMMERS!!!! STAY AWAY!!!!
SCAM!! do not invest with these guys. They will lie to you and get you to invest your money then you have no way of getting it back. Liars and scam artists! Stay as far away from them as possible
I got scammed also Victoria who works there if that is even her name she made it hard for me to withdraw my money and when I sent a with draw request my account got suspended and she said the only way to unsuspend my account is to deposit another $10,000 !!!! And send in a selfie of myself holding a piece of paper with name ect !!!!!
STAY the #^€@“$ AWAY
I also was scammed by a woman named “Victoria” who has an Eastern European accent and claims to be Swedish. She probably goes by numerous names.
After reading negative reviews I requested from my broker to withdraw my money and I was told I needed to give them 2 weeks notice. Upon requesting, I was also told my account needed to be verified by sending through 3 ID items which I did promptly. It has been 4 months and I still do not have my money. Oh and my broker stopped communicating with me as if upset that I requested withdrawal. No money back, no more contact. Stay away from cryptoalgorithm.io there are far better and legitimate companies out there.
The same happened to me. I put a lot of time on the learning and researching how to trade, and this Victoria just lost my money. These people disappear into thin air after the loose your funds! Save your time on this!
I was introduced to this platform by Martin Weiss of Intel-Academy , at crypto algorithm my a/c manager was Stanley Hunt Fisher very nice guy ,little did I know that he had no scruples
he persuaded me to sell my shares to invest with him, which I did and over a period of 5 weeks i invested £ 23,000 and this went to $ 36,600 and then Stanley rung me to tell me that the market is expected to have a big change and another £ 20,000 was needed to save my money from getting lost or to withdraw my money, so i told him that i want to withdraw he then said to do the withdrawal he has to get access to my computer by remote using ANYDESK , TEAM VIEUWER or HOZO which i refused he also told me to do a selfie with a bit of paper next to my head showing the day’s date on it, like Amy (previous review).at that point he became irate and I will talk to you tomorrow. what happen was beyond expectation
no crypto algorithm site on the web, e-mail returned, no tel line. no money . keep advertising them as scammers to stop others falling in the same trap and petition the government to stop these people practicing without licenses and regulations in the UK
(1/5)
I also spoke with this ‘Victoria’ that other comments mention (I doubt it is her real name) from Crypto Algorithm. I just wanted to deposit a small amount on a whim, and after that I got called by her. She told me to go and buy courses from Intel Academy before trading. I did just that. It is a good idea to learn what you do, I thought. I bought the course at this Academy, watched all the videos, took quizzes – everything! I spent so much time studying it all and felt ready to finally trade. And what do you think? I lost all my money in a couple of weeks!! Victoria stopped calling me shortly after. My account at Crypto Algorithm was blocked and I think they banned my calls and emails too. Save your time and money on this!
they now have changed they name from crypto algorithm.io to crypto algorithm.co.uk ???
It beyond belief that companies can come to the UK and operate without registering for a licence and scam the public. try to sell flowers on your local market without license ???
honestly, what is our politician’s job beside granting contracts to friends and relations.
and sod joe blog that voted them in.
(1/5)
Hey guys,
So, so called Adam and his manager George 🥹
I needed money, so upon FB Tesla article, I get myself in. I deposit 200€, ready to lose or win. Everything was great. Then Adam told about super opportunity, so I moved 1000€.
Currently there is 1357€, not bad. But I need to withdraw them, it’s crazy… they let me only 798, but need to send ID, proof of adress like a electro.bill and credit/debit card from both sides. Are they crazy, would never do that!!!
So how to get money back? Any advice?
Second, worse part: upon amazing opportunity, so called validation program, where you can make 30% in 3 days…. Was minimum 15000€, but I was able to borrow only 12000€, so they made an exception. Process: you send money to Kraken, it should be safe, so I was ok. But then was suddenly needed to put money to Exodus. I trusted to Adam, he went through process with me, watching me via Anydesk. So I didn’t realize that he see 12 words frase, but he couldn’t see password. As soon we deposited money to Exodus, he asked me to not log in in 3 days.why?
I guess to not see that in 15 min was my all money sent away… shocked/ panic… They kept saying, compromised, not possible, did I take money back? Whaaat? How? I didn’t open Exodus in 4 days. Now what? So imagine, as my computer became slow, I download Exodus on my mobile phone, you need to get to your account just with that 12 frases and not password. This shocked me. So Adam could easily open Exodus anywhere and send money away :////
What can I do? How to get my money back??
Any advice please? I am ruined.
(1/5)
Ahoj volam sa dusan,
mam presne podobnu skusenost ako ty…žial neda sa s nimi nijako dohodnut mne blokuju vela penazi ..pišem nas Binance a zaroven podavam tresne oznamenie na tych dvoch super manov… nechce sa niekto pridat?
I deposited AU$250 with them. The pressure came very quickly to deposit more funds which I did not do. I tried to withdraw because the program was too complicated and the pressure to deposit very heavy. The consultant was very aggressive and yelled at me over the phone. I took 35 phone calls from him and everyone from a different Australian telephone number. How is this so ????? The contact was Wayne Romano look out he is Super Scammer El Supremo.
Hi,Thanks for having this review I was almost sucked into http://trade.cryptoalgorithm.net
Immediately after registering my details i was called by up to 20 different AU mobile numbers presumably their super scamming agents a big red flag for me then i requested a password reset link and reset the password for this website, again my mobile phone wouldn’t stop ringing. I then sent an email to their support network with no response. I now realise it is totally a scam and having dug a little deeper have saved my self from transferring any funds at all. Thanks for this article
Michael Webb
I am sorry for pamela which has also fallen into the hands of this unscrupulous and miserable
Stanley Hunt Fisher but i pray for the darkness of doom fall on him and his most dear…amen.
(1/5)
I was very persistent and got my small outlay back by emailing their consultant over 300 times using a different email address each 50 emails and I did it in Australian day time which is night time in UK. I filled their inbox hence no business until they cleared their in box and blocked the email address the next morning. I did the same with their help desk. Be very careful if they want you to download “ANYDESK”. Once that is on your phone or computer they can get in 24/7 without your permission or knowledge.
I have only lost $250 Australian, but I was prepared to do that just to have a dabble with crypto currency. Stanley was the criminal who is very good at his job. Very persistent when he found out that I had a little more money to gouge. RED FLAGS started waving when he took over my computer for a very short time. He has started ringing me at least 6 times a day on different mobile numbers. No matter how many of these I block, he can still come up with another. I have had to cut up and replace my card so he can’t take any more, but these calls are driving me crazy. THIS IS A COMPLETE SCAM. Don’t touch it with a barge pole.
Has any one used crpytoalgoritm.com ?
Yes, please forget them. Incredible scammer
Scam, scam. Wayne Romano is a scammer and is trying to take my money. DO NOT TRUST HIM
(1/5)
100% SCAM!!!
Please stay away.
Agree, ‘Wayne Romano’ and ‘Stephen Klaus’
Do not trust these people!!
They are one of the most sophisticated scammers, I requested to withdraw 3000 USD , but in my request application I found that I requested 13000 USD, anyway, I told them that’s fine I will want this amount, but then I realized behind this big scammer, they collaborate with another scammer, to make you call and ask you in order to withdraw this money you need to pay 2000 USD because you are running from paying tax, this just started last week and I am waiting what will be next week, anyone knows where this company located? the platform I was trading: https://cfd.cryptoalgoritm.global/ on this website shows its in Belgium, but the document they sent me at begging was like in UK
I’m need help of everybody in this chat
I’m start with investigation for this peopol, I have compani of investigación from Tenerife is very good group of investigación. Help I’m loos lot money
hello Hassan.
where are you located and where is this company located?you need to be careful also about this company
let cooperate
thanks
Kaiser
(1/5)
I have been scammed by this company .I had 5000 euros….in the account .that is $8000 .aud. iT WAS SUPPOSED TO BE TRANSFERRED TO ME BUT DISAPPEARED .I was contacted and told the funds had been found but no one contacted me again to return the money.My account at CRYPTOALGORYTHAM shows no balance funds. Can some one help me.
My father got scammed recently by these people. They now moved to another site called https://cryptoalgoritm.global/Homepage.html. It’s been only 2 weeks and he lost an insane amount of money with them. They took advantage of him, a 70 years old, and have been playing with the fact that he knows little about investing. The worst part is we were trying to alert him as soon as we found out, but these people are so well prepared and so agressive… Stay away from cryptoalgoritm!
(1/5)