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Algorithm Dex

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Risk Level - High

Scam Evidence & Warnings

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The UK FCA Added Algorithm Dex into Its Warnings On 9 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that Algorithm Dex may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/algorithm-dex

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BrokersView has reviewed that Algorithm Dex is an Unregulated Forex Broker Algorithm Dex claims to be a licensed broker founded by a group of Czech and Slovak trading enthusiasts, which is authorized and regulated by the central bank of the Czech Republic (CNB) and the Cyprus Securities and Exchange Commission (CySEC). However, we did not find any match results to this broker in CNB or CySEC.More importantly, the UK Financial Conduct Authority (FCA) issued a warning against this broker providing financial services or products in the UK without authorization. The truth is, Algorithm Dex is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

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BrokersView has identified that Algorithm Dex's website is currently offline BrokersView found that the domain "https://www.algorithmdex.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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