Algobi Review

Algobi markets itself as a CFD broker spanning six asset classes: forex, indices, metals, commodities, stocks, and cryptocurrencies, spread across more than 320 tradeable instruments. Behind the brand sits DXA Seychelles Limited, which also runs a second platform, HighMarkets, under the same corporate registration. New traders are sorted into one of three account tiers, Silver, Gold, or Platinum, each carrying the same maximum leverage, with different discounts on spreads and swaps. Algobi doesn’t publish a founding year anywhere on its site, so how long the brand has actually been operating stays unclear.

The Seychelles Financial Services Authority lists DXA Seychelles Limited as a licensed securities dealer, trading under the name Algobi. That listing is genuine: it appears directly on the regulator’s own public register, not only in Algobi’s marketing copy. What it doesn’t provide is the kind of protection traders get from a tier-one regulator, since Seychelles doesn’t require licensed firms to fund a compensation scheme. If a broker there stops paying out, no fund exists to fall back on. Because the same license also covers HighMarkets, any regulatory action or reputational damage tied to one brand could just as easily reach the other.

Algobi offers two ways to trade. Its mobile app is built for quick trend-checking and order placement on the go, while the browser-based WebTrader needs no download at all. Both run on TradingView’s charting engine, so traders get the same real-time data and indicator library TradingView itself is known for. Moreover, both are marketed heavily around execution speed, with Algobi promising no lag between placing an order and having it filled. Brokers Alerts logged into both platforms without issue during testing. A full stress test of execution quality, including slippage under volatile conditions, wasn’t possible once the withdrawal request stalled.

The instrument list runs past 320 CFDs, covering forex pairs, stock indices, metals, energy and agricultural commodities, individual stocks, and cryptocurrencies. That's a broad spread for a brand this size, though Algobi doesn't break down exactly how many instruments fall into each category, so anyone looking for a specific market should confirm availability before funding an account.

Algobi accepts deposits through Visa, Mastercard, Maestro, Apple Pay, and Google Pay, the only payment options listed anywhere on its site, with no bank transfer, cryptocurrency, or e-wallet alternatives, and no indication of which methods apply to withdrawals. Brokers Alerts funded a test account with a $100 deposit, which posted right away. The matching withdrawal request remains open, past the processing window Algobi’s terms describe.

Algobi offers support five days a week through live chat, phone, and email. Brokers Alerts hasn’t run a separate, documented support test outside the withdrawal request itself, so responsiveness on unrelated questions remains unconfirmed.

As of September 2026, Brokers Alerts has zero independently confirmed Report a Broker submissions on file for Algobi. That’s counted separately from the withdrawal test above, which drives the Withdrawal Reliability score on its own. Complaint Record reads as insufficient volume to assess rather than a clean record, since monitoring only began when this review opened. That will update the moment reports arrive, and this page will reflect it.

Testing included a $100 funded deposit followed by a withdrawal request. Algobi processed the deposit immediately. The withdrawal has not been processed, refused outright, or explained. It has simply gone unanswered since the request was filed.