Broker Review

Part 1 — Unauthorised Firm Details

Name: Algo28
Website: algo28.com

Algo28 markets itself as a trading system offering a “3-step gold trading strategy” with claims of high win rates, minimal time commitment, and significant income potential. However, it has been publicly flagged by regulatory authorities and independent watchdogs. The UK Financial Conduct Authority (FCA) issued an official warning that Algo28 is not authorised to provide financial services in the UK. Reputation checkers assign low trust scores to the site, citing factors like hidden ownership, low traffic, and association with other low-trust websites. User reviews are predominantly negative, with reports of blocked withdrawals, requests for additional fees, and unresponsive customer support. Some users have also reported that the platform operates a simulated trading environment, where profits and losses are controlled by the operators.

Bottom line: Algo28 exhibits multiple red flags: lack of regulatory authorisation, hidden ownership, low trust scores, and negative user feedback. It should be considered high risk; avoid depositing any funds.

Location & Risk Notes

• Regulatory status: The FCA has publicly warned that Algo28 is not authorised to provide financial services in the UK. Users have no access to UK financial protections or dispute resolution.

• Domain & transparency: The domain was registered in May 2025; ownership information is privacy-protected, making it difficult to verify the operators.

• Reputation / trust scores: Independent reputation checkers assign low trust scores to Algo28, highlighting risks due to lack of transparency and regulatory oversight.

• User feedback: Reports from users describe blocked or delayed withdrawals, requests for “unlock fees” or additional verification steps, and promotional promises of high profit or VIP roles that fail to deliver. Support is described as unresponsive in many cases.

• Marketing behaviour: Heavy on promises of profit, immediate returns, and affiliate referral bonuses; encouraging quick or mass investments, which is common in fraudulent or high-risk setups.

• Geographic targeting: Evidence shows active promotion in the UK and possibly other regions through social channels.