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SuisseAlgo
On Apr 18 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against SuisseAlgo, stating that this broker is not entered in its commercial register: https://www.finma.ch/en/finma-public/warning-list/suissealgo/
On Apr 18 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against SuisseAlgo, stating that this broker is not entered in its commercial register: https://www.finma.ch/en/finma-public/warning-list/suissealgo/According to its website, it claims to focus on foreign exchange trading and was established in 2005. After checking, we found that its domain name was only registered in 2024, which is a dangerous signal.
In addition, its address is in Switzerland, but we found that the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against SuisseAlgo, stating that this broker is not entered in its commercial register.
In essence, SuisseAlgo is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
According to its website, it claims to focus on foreign exchange trading and was established in 2005. After checking, we found that its domain name was only registered in 2024, which is a dangerous signal.In addition, its address is in Switzerland, but we found that the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against SuisseAlgo, stating that this broker is not entered in its commercial register.In essence, SuisseAlgo is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
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