Broker Summary
What Wikilix has recorded about Algo Global: its history, the licences it holds, its trading conditions and its fees.
In the year of establishment, Algo Global was founded in the year of 2006 but stated to have over 14 years of existence, which makes them very much involved in the financial services industry specializing specifically in algorithmic trading and portfolio management across major global exchanges. Algo Global also claims to provide state-of-the-art trading tools as well as numerous partnership programs for investors. As a result of this assertion and the fact that concerns are growing regarding regulatory legitimacy and transparency associated with Algo Global, concerns have arisen regarding investor safety.
The correspondence address associated with Algo Global claims to operate internationally within trading and investment products, however; it is also claimed by Algo Global that Jackson Kenneth Redmond (majority owner) resides in Los Angeles, USA provides limited public verified information regarding the founders and corporate headquarters (despite its long history of operation).
Key Characteristics
Trading Platforms & Account Types
Trading Platforms used by Algo Global: MT5 and ECN Prime
Types of Accounts offer by Algo Global include General Account, ECN Prime and MT5
All account types offer algorithmic trading capabilities
Instruments they offer include:
Foreign Exchange; Stocks; Indices; Commodities; Metals
Gains access to multiple major exchanges including: LSE; NYSE
Multi-level Partnership and Referral Program available.
Regulatory Standing
The Belize Financial Services Commission does not have any records confirming Algo Global's investigation into compliance with this regulation and therefore cannot confirm that Algo Global has any licensing issued by this authority or has been given authorization to do business in any of the jurisdictions listed as major regulatory bodies. Regulatory authorities, such as FCA or SEC, have not issued any licensing to Algo Global and therefore do not regulate their activities.
Regulator License Number Standing
Belize FSC No Record Available Unregulated / No Record Found
OTHER MAJOR REGULATORS (I.E.: FCA; SEC) NOT APPLICABLE UNREGULATED
As a result of these observations, they face significant risk based on the lack of appropriate investment protections.
Trading Conditions & Technology
Platform Features
Platform Feature Description
Trading Platforms MetaTrader 5 (MT5) & ECN Prime
Execution Speed Fast with Good Liquidity
Algorithmic Trading Yes Available on all Accounts
Mobile Trading Not expressly stated (However; all MT5 Platforms Support Mobile Trading)
Portfolio Management Custom Portfolio Management Tools
Expert Trader Partnerships The Ability to Collaborate Automatically with LAT
Trading Conditions
Trading Condition Description
Spreads "Strong Distribution" (no additional information)
Leverage Available to customers with Bonuses Ratio Not Specified
Minimum Deposit Amount Not Specified
The lack of critical data makes things difficult for traders to make informed decisions.
Transparency regarding Fees
No clear fee structure information exists regarding commissions or withdrawal fees.
Other Fees Not Specified
User Review & Reputation
Pros Cons
Wide range of Instruments Available
Provides algorithmic trading capabilities
Has many Partnership Incentives for Clients No Verified Regulation
No Clear Fee Structure Available
Limited Corporate Records on File
As a result, most market sentiment is negative; however, there has been a significant amount of credibly based warning regarding credibility.
Latest Developments
Due to scrutiny of Algo Global increasing in late 2024 –early 2025 has gone without having anything new announced regarding registering with regulatory authorities or developing new technology and the records (November 2024) revealed 75% ownership of that control being held by Jackson Kenneth Redmond (Australian residing in U.S.) which goes to support little with regard to resolving transparency concerns.
Regulatory Licenses
We have not confirmed any regulation for Algo Global. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Algo Global. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Funding Methods
5 ways to fund an account. 3 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank TransferBank TransferLarge deposits and withdrawals may require additional verification or compliance checks. Verification required for large transactions. | Not recorded | Not recorded | USD 500 | USD 100Not recorded | Up to 1 day |
| Credit CardCredit Card1 | Not recorded | Not recorded | USD 500 | USD 100Not recorded | Instant |
| Debit CardDebit Card1 | Not recorded | Not recorded | USD 500 | USD 100Not recorded | Instant |
| E-WalletE-Wallet1 | Not recorded | Not recorded | USD 500 | USD 100Not recorded | Instant |
Local Payment MethodsOtherProcessing times vary by region. Verification required for large deposits or withdrawals. | Not recorded | Not recorded | USD 500 | USD 100Not recorded | Not recorded |
Broker's notes on these methods
- Verification required for large deposits or withdrawals. · applies to 3 methods
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Frequently Asked Questions
Common questions about Algo Global
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