CONSOB adds Algobot24 to its warning list On July 11, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered Algobot24’s website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-11-july-2024-abusiveness-/718268

BrokersView has reviewed that Algobot24 is an unregulated broker Algobot24 claims to be regulated by the Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM). However, our search in the registers of both regulators found no corresponding records to support the company's legitimacy. This is a significant warning sign.Additionally, Algobot24 provides a link labeled "CCA", directing users to the page of the Crypto Conduct Authority to demonstrate its compliance. However, this agency is fake, as evidenced by a warning from the Canadian Securities Administrators (CSA).Furthermore, the Italian Companies and Exchange Commission (CONSOB) has ordered Algobot24's website to be blacked out, stating that it offers financial services illegally in Italy.In essence, Algobot24 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Algobot24 appears to be a scam.

What are the protective measures offered by Algobot24? The promises of protective measures made by Algobot24 are untrustworthy, as our investigation revealed it to be a fraudulent trading platform.Algobot24 falsely claims to be regulated by the Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM). Additionally, the certificate from the "Crypto Conduct Authority" (CCA) cannot be trusted, as the Canadian Securities Administrators (CSA) have flagged it as a fake agency. More critically, the Italian Companies and Exchange Commission (CONSOB) has added Algobot24 to its warning list and ordered the website to be closed.In light of this, Algobot24 is far from being a secure option. For the safety of your funds, investors are strongly advised against trading with Algobot24 and should instead choose fully regulated brokers. View Source