EasyAlgo Review – Easily One of the Worst Scams Out There
EasyAlgo Review – Easily One of the Worst Scams Out There

The flashy site hosted by this so-called online broker is created with the sole purpose of making a good first impression. Once you take your time to scratch the surface, though, you’ll notice just how hollow everything is.

Unfortunately, different links that lead to the same page and missing website objects are the least of your worries. Read the remainder of our EasyAlgo review to learn more about how to recognize an online fraud and recover money from one.

Regulated by: Unregulated broker
Is This Company Safe? No, this company has been marked multiple times by regulators as non-compliant with the regulatory laws.
Known Websites: easy-algo.ai
Have Warnings from: CNMV, FSMA, A–TVP
Registered in: Cyprus (alleged)
Operating since: 2024
Trading Platforms: WebTrader
Maximum Leverage: 1:400
Minimum Deposit: 250€
Deposit Bonus: N/A
Trading Assets: Forex, Stocks, Crypto, Indices, Commodities
Free Demo Account: No
How to  Withdraw from This Company? You will likely lose all your deposits to these schemers. It would be wise to contact our chargeback team for legal support.

 A Fake Company With Falsified Credentials

If we are to believe the swindlers operating this hoax platform, the easy-algo.ai domain is owned by a Cypriot firm called EasyAlgo Ltd. EU & UK. Inquiring at the Cyprus Company Registrar shows that the registration number is completely bogus. Whoever runs the site has gone to great lengths to completely obfuscate any other information. The Terms of Use document, for instance, does not exist on the site.

All of this tells us that we are dealing with a dangerous anonymous group. The sole purpose of the EasyAlgo AI scheme, just like with Stonley Trading, is to rob you blind.

Blacklisted By Several Regulators

Every broker-dealer company registered in Cyprus must have a valid CySEC license to offer their services. Since the firm is not even registered as a business entity, it naturally means that it cannot be a license holder.

The next problem is the alleged EU and UK branches. While CySEC licensees can have their authorization extended to include a MiFID II passport, any companies operating in the UK must be authorized by FCA as well. In this case, as you might have guessed – there is no FCA authorization. Searching with other regulatory bodies in the EU, we discovered several investor warnings. These were published first by CNMV, and then forwarded by FSMA and A-TVP.

Recent Trading Fraud

The problematic website was first created in October 2024, but still, you’d expect a few EasyAlgo reviews here and there. In this case, there are none.

The majority of fraud victims are people from these countries:

  • Canada
  • Germany
  • Spain
  • France
  • United Kingdom

Do not shy away from pursuing justice! Contact our legal team via the live chat and start working on getting your money back from these schemers!

Insultingly Bad Offer of Tools and Features

With the amount of advertisements and promotions related to an allegedly supreme trading platform, we expected to see some state-of-the-art software. Alas, while exploring the client area, we stumbled upon a rudimentary web app. The same web trader can be found on countless other fraudulent sites. It supports only a few simplistic operations and tools. There’s no sign of the exceptionally competent technological miracle that was supposed to feature separate versions for CFD and ETF trading.

Account types also promise to provide numerous attractive features like free signals, webinars, and 1-on-1 education, but you shouldn’t trust these empty words. Here are the prices:

  • Basic – 250 € 
  • Silver – 5.000 €
  • Gold – 25.000 €
  • Platinum – 250.000 €
  • Managed – invitation only

All Fees Are Hidden

Starting leverage, according to the platform, is capped at 1:10, although buying any of the account types can significantly increase it. Therefore, the maximum exposure is set to 1:400. No other trading parameters are displayed anywhere on the site except for the EasyAlgo TradingView imported data.

Fraudulent firms aren’t exactly known for their transparency, so it’s no wonder we couldn’t find any information on costs. When these crucial elements are missing, you can expect hidden fees and other ruthless conditions to be used in order to prevent you from requesting a payout.

Not Likely To Allow Withdrawals

Immediately after account creation you will be redirected to the payment page inside the client area. No KYC, just cough up the cash as soon as possible.

There are two separate tabs, allowing victims to deposit via fiat or cryptocurrencies. However, there are no actual dialogs or forms that one could use to make a deposit. This is done so the currency flow is strictly controlled by the swindlers. Any notion of an EasyAlgo free giveaway is just a lure for unwary traders.

Since there is no Terms document, there is no withdrawal policy either. Still, clients may opt to request a withdrawal from the client area, but with no automatic payment processing, you’re basically shouting at a wall.

No Support When You Need It

The website itself does not feature any live chat, nor are there any call center phone numbers listed. The only way to contact the firm, then, is to either send an email or fill in a contact form.

No matter which of the two you choose, it is unlikely anybody will call you back. The fraudsters have designed the scheme so that once they cut you off, you can’t get back at them.

We Help Scam Victims!

Everything that seems out of place with this firm is all by design, as is the case with QWEBank.com scheme. Many people, including participants in the EasyAlgo Reddit discussion, have already complained about this con-circle’s predatory behavior.

If you’re one of thousands of victims of this scam, feel free to contact our recovery experts. We are available around the clock and offer the first consultation absolutely free of charge.

FAQ

How To Withdraw Funds From This Site?

Swindlers won’t allow you to take your money back from this portal. Please consult our legal professionals for help with chargeback.

What Is The Minimum Deposit Required?

As the site suggests, the smallest amount of money you can start trading with is 250 €.

0 Comments

Leave a Reply

Please rate

Your email address will not be published. Required fields are marked *

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Comment link copied