AlgoBI Review 2025

For this AlgoBI review, we opened a live account and deposited over $3,000.

We traded the popular instrument in each market to identify the actual spreads and placed a total of 10 trades.

We reached out to the broker’s customer support team to resolve the challenges we faced.

Finally, we withdrew our funds to evaluate whether the withdrawal process was smooth.

What is AlgoBI

AlgoBI is an online CFD broker that offers trading on Forex, stocks, commodities, indices, metals, and cryptocurrencies.

The firm is operated by DXA Seychelles Limited under an FSA Seychelles license. AlgoBI is relatively new, founded in 2025; therefore, traders should research carefully and verify its license before investing.

Some of the highlights of AlgoBI are:

🗺️ Authorized & Regulated in	Seychelles
🛡️ Is AlgoBI safe	Yes
💰 EUR/USD Spread	0.4
💳 Minimum deposit	$250
💰 Withdrawal fee	Depends on the payment provider
🖥️ Trading Platform	AlgoBI WebTrader, AlgoBI Mobile App, TradingView
📈 Markets offered	CFDs on Forex, stocks, commodities, indices, metals, and cryptocurrencies.
📉 Number of Products	300

Licenses and Regulations

AlgoBI is operated by DXA Seychelles Limited, which is regulated by the Financial Services Authority (FSA) of Seychelles under license number SD218.

However, traders should be aware that this licensing may not offer the same level of regulatory oversight and consumer protection as licenses from more established financial authorities.

Here are the details of AlgoBI’s sole license:

Legal entity	Registered in	Regulator	License number	Accepting clients from	Compensation scheme amount
DXA Seychelles Limited	Seychelles	FSA	SD218	Many countries globally	No compensation scheme

Is AlgoBI Safe

AlgoBI follows standard security measures like SSL encryption, KYC verification, and segregated client accounts, and is regulated by the Financial Services Authority (FSA) of Seychelles.

However, since the FSA is an offshore regulator and the broker is relatively new, traders should be cautious and verify all details before investing.

We had a smooth experience when trading with AlgoBI.

For our tests, we opened Silver account with DXA Seychelles Limited, which is regulated by the FSA in Seychelles.

However, we recommend you conduct thorough research before opening a live account with AlgoBI.

Fees and Commissions

Fees on AlgoBI are built into spreads. The broker does not charge separate commissions, as all trading costs are built into the spread, which varies depending on the chosen account type.

Spreads on trading instruments were on average with industry benchmark.

Spread Charged in our Trades

For our tests, we have chosen popular instruments in each market. We placed 3 trades for each instrument to get a picture of the average spread.

Our test is based on AlgoBI Silver account. The spreads for our trades in all asset classes remained stable with minor variations.

Details of our trades are shown below the table.

Markets	Instruments	1st trade	2nd trade	3rd trade	Avg. Spread
Forex	EUR/USD	0.4	0.5	0.4	0.4
Indices	FTSE 100	1	1.5	1	1
Stocks	Apple	0.75	0.8	0.75	0.8
Commodities	Gold	3	3.5	3	3

We executed all our trades via the AlgoBI iOS App on our iPhone.

Our testing finds that AlgoBI’s spreads across all assets are lower than or in line with the industry average.

Markets	Instruments	Avg. Spread Charged	Industry Avg. Spread
Forex	EUR/USD	0.4	1.2
Indices	FTSE 100	1	1.65
Stocks	Apple	0.8	1.75
Commodities	Gold	3	3.53

Other fees

Deposits on AlgoBI are free of charge; however, withdrawal fees may vary depending on the payment provider you choose.

The broker does not charge inactivity fees, which benefits traders who take breaks from active trading.

There are no hidden charges, and all applicable fees are reported to clients, enabling users to plan their expenses effectively and avoid unexpected costs.

Account Types

AlgoBI offers 3 main account types: Silver Account, Gold Account, and Platinum Account.

Details of the Account types and differences are outlined below:

	Silver	Gold	Platinum
Trading Platforms	AlgoBI WebTrader, AlgoBI Mobile App, TradingView	AlgoBI WebTrader, AlgoBI Mobile App, TradingView	AlgoBI WebTrader, AlgoBI Mobile App, TradingView
Account Currency	USD, EUR, GBP	USD, EUR, GBP	USD, EUR, GBP
Minimum Deposit	$250	$250	$250
Commission	Zero	Zero	Zero
Order Execution	Market Execution	Market Execution	Market Execution
Spread	From 0.4	From 0.2	From 0.1
Note	–	Spread Discount 50%	Spread Discount 75%

AlgoBI also offers a Demo Account, allowing beginners to practice and experienced traders to test strategies in a risk-free environment using real-time market conditions.

For our tests, we chose to open Silver Account.

AlgoBI Account Opening

AlgoBI account opening was quick and easy to follow. We went through the entire registration process and completed it online.

The process of registration of a new AlgoBI account:

1. Visit the official AlgoBI website.
2. Navigate to the Open Account section on the homepage.
3. Fill out the registration form with your basic details, such as name, phone number, and preferred account settings.
4. Choose between Silver, Gold, or Platinum accounts based on your trading experience and goals.
5. Upload a government-issued ID (passport or national ID) and a recent proof of address (e.g., utility bill or bank statement).
6. Choose your desired platform for the live account.
7. Submit the form and verify your email if required.
8. Once registered, download the selected trading platform or access the WebTrader directly through your browser.
9. Log in using the account credentials provided.
10. Once your account is approved and funded, you can access the trading platform and begin trading.

The registration process took about 10-15 minutes, and our account was approved on the same day.

We opened Silver account with DXA Seychelles Limited, which is regulated by the FSA in Seychelles for this test.

Deposit and Withdrawal

Deposits and withdrawals on AlgoBI are easy and fast. A range of funding methods is supported, and all our requests were completed without any issues.

AlgoBI Minimum Deposit

The minimum deposit to open an AlgoBI account is $250, which applies to all account types.

Traders only need to maintain the minimum deposit balance in their accounts.

AlgoBI Deposit

AlgoBI supports diverse payment options, including credit/debit cards, Skrill, Neteller, PayPal, AstroPay, and more, allowing users to choose the method that best suits them.

The broker does not charge any deposit fees, and processed our deposit quickly.

AlgoBI Withdrawal

AlgoBI allows clients to make withdrawals using the same payment methods as available for deposits.

The broker applies withdrawal fees which vary depending on the payment provider you choose.

We did not face any challenges when withdrawing funds.

Markets and Products

AlgoBI offers over 300 trading instruments across various asset classes, including CFDs on Forex, stocks, commodities, indices, metals, and cryptocurrencies.

Here’s the complete list of AlgoBI’s product offering:

Markets	Instruments
Forex	60+
Indices	20
Metals	10
Commodities	5
Cryptocurrencies	5
Stocks	180

The broker offers a good range of trading instruments; however, it is below industry leaders, who provide thousands of products.

Trading Conditions

The trading conditions at AlgoBI are competitive. The broker allows hedging and scalping strategies, and users can also request to change their leverage by contacting support.

Trading Method	Allowed
Hedging	Yes
Scalping	Yes
Change Leverage	Yes

Leverage

AlgoBI offers traders various leverage levels depending on the instrument, with a maximum of 1:200 considered high leverage.

Traders can also change their account’s leverage levels after registration.

The table below shows the different leverage levels available:

Markets	DXA Seychelles Limited
Major Currency Pairs	200:1
Commodities	100:1
Indices	100:1
Stocks	10:1
Cryptocurrencies	10:1

Bonus

AlgoBI’s Gold and Platinum account holders can benefit from reduced spreads and swap discounts.

Gold account holders receive a 40% swap discount and a 50% spread discount, while Platinum account holders enjoy a 60% swap discount and a 75% spread discount.

AlgoBI Platform

AlgoBI offers trading services on its proprietary web and mobile platforms, as well as through integration with the TradingView platform.

• AlgoBI WebTrader
• AlgoBI Mobile App
• TradingView

We found the platforms provide traders with a flexible and comprehensive trading experience, whether they are at their desk or on the go.

Research and Tools

AlgoBI offers a range of market research and analysis tools. The broker seamlessly integrates TradingView’s advanced charting capabilities directly into its platform.

Some of the key tools offered by the broker are: 

• Good charting tools
• Economic calendar
• Newsfeed
• Customizable indicators
• Market analysis
• Real-time data streams
• Risk Alerts

We find AlgoBI’s research offering to be rather competitive, as the broker provides traders with a robust set of research and analytical tools, ranging from advanced charting and real-time data to comprehensive risk management features, all accessible across multiple devices.

Education

AlgoBI offers limited educational resources, primarily basic guides and FAQs, through its Support Hub.

For traders seeking more in-depth learning, external resources like TradingView tutorials, online courses, and community-driven analysis may be needed to build a stronger understanding of trading strategies and platform features.

Based on our Test AlgoBI Education is limited compared to brokers with comprehensive Education Academy or Trading Schools.

Customer Service

AlgoBI provides responsive customer support.

Traders can contact the broker via:

• Live chat 
• Email
• Phone

The multilingual support team is available 24/5, ensuring that traders can receive assistance with a range of inquiries and issues.

Our experience with AlgoBI customer support was good.

We contacted support via live chat and asked them whether they charge any deposit fees. We received a response after 1 hour from the agent in Live Chat since they mentioned they were currently away.

However, the response to our request via Live Chat was accurate and stated that no fees are charged for deposits.

	Question	Response Time	Quality of reply
Live chat	Asked about the charge for the deposit	1 hour	It was direct and accurate.

Conclusion

Overall, had a smooth experience with AlgoBI, from the account opening to the deposit and trading process.

AlgoBI Review found that the Broker offers competitive trading conditions with popular trading instruments and Forex spreads that are industry-standard.

Our experience with account opening, deposits, and withdrawals was also smooth and without any issues.

The broker also offers multiple trading platforms, including its proprietary WebTrader, mobile apps, and TradingView integration, giving traders flexibility and access to advanced charting tools.

We recommend AlgoBI to Forex traders looking for competitive trading costs, a flexible trading environment with multiple platform options, as well as access to a variety of popular assets.

We recommend AlgoBI for traders who are

• Beginners
• Experienced traders
• International traders
• Run Scalping
• Hedging
• Need a broker with advanced trading tools
• Prefer flexible account types
• Need multilingual customer support

AlgoBI might not be a fit if you are

• Real Stock / Futures Trading
• Looking for a wider instrument range
• Need a regulation by a reputable financial authority
• Prefer the cTrader/MetaTrader platforms
• Need a broker with copy/social trading features
• Commission-based trading

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