They took my earnings. Withdrawals without a valid explanation were not accepted. I have all the evidence, and I didn't break any of the rules. A terrible business. Watch out for it. It benefits indiv... See more
AFF
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See what reviewers are saying
I am so far having a smooth experience with Algo Forex Funds. I got a 50k account, passed it with the help of HFT bot from a friend I met on TG, got funded the same day and received my first pay w... See more
Algo Forex funds are scammers doesn't matter what they say they don't have customer service they apparently have new owners, investors and all those things and now they can't access old accounts so ev... See more
Algoforexfunds - big scammers The worst scam company ever. STAY AWAY FROM THIS PROP COMPANY. SUPPORT IS NOT RESPONDING AT ALL More than 2 payments rejected, always the same reason copy trading or... See more
Company details
Written by the company
Algo Forex Funds is a leading proprietary trading firm, focused on Instant Funding. Offering traders the opportunity to work with virtual capital and keeping up to 100% of the profits made from trading. Skip the stress of endless challenges - AFF’s one-click solution gets you funded fast, so you can focus on what matters the most.
Contact info
, , Central, Hong Kong
- support@algoforexfunds.com
- algoforexfunds.com
It is a scam
It is a scam, they only make small payments so that you trust that you buy more accounts or a larger one and then they stop paying you and always with the same excuse of copytrading, as I had 4 accounts with them, and had 2 payment rejections because I operated them Separately, to prove that they are scammers, I decided to operate 2 accounts at the same time, one small and one large so that the withdrawal amount would be different depending on the lot, although the 2 had the same operations, the same asset and all open and closed at the same time, the lot only changes for the size of the account, the largest account they rejected my payment for copy and the small one, since it was only $400, they approved it, so if they reject me 3k per copy as it is It is possible that the same operations in a smaller account if the payment is approved, it is a shame that I do not allow the capture to be sent, where the same operations are seen in the two accounts, one payment rejected and the one of $400 approved

Reply from AFF
Most Horrible Scammer Firm there is.
Hi, this is my experience with this prop firm. Been trading 3 months, haven't used robot, respected the rules. Got 3 denies, all with differente answers, none wich i have broke the rules. They don't help you understand why they are denying. They just tell you, and then they leave you waiting for several days, just to tell you they reviewed and wont change their statement. Lost 3 months of my life in this crap + the money i invested. Worst Experience Ever. Stay Away from this Firm.
Scam alert!
This company is full of SCAM!! They will never pay out and recently i lost access to my account and they told me its a brand new company and they can’t honor any old account so i have to buy a new one in order to continue. Avoid this firm at any cost, don’t waste your money.
Algo Forex Funds Scam i.e. Scum
On 11/29/2024 Algo Forex Funds unfairly and fraudulently denied me the November 2024 payout of 60% of USD 2005.28 i.e. USD 1203.17, with the motivation "violation of the profit rule" despite the history of account 69873230 demonstrating the falsity of their statements and despite the various emails addressed to them detailing point by point the objectivity of my statements requesting a comparison with the risk team and contradicting what was falsely and artificially stated. The risk team did not respond.
On 01/03/2025 the December payout of 60% of USD 8610.00 or USD 5166 was also unfairly and fraudulently denied, with the motivation "violation of copy trading".
Sweaty operations, wanted by the undersigned and put on the market in full autonomy.
Well, this is the clear proof that Algo Forex Funds is a fake Prop Trading Firm, which like all those already investigated and closed by the control bodies (see My Forex Funds, True Forex Funds, etc.) with consequent criminal liability, only collects entry fees without actually placing any operations on the market.
No longer having false motivations to attribute to the undersigned, in December they pull copy trading out of the magician's hat.
Shame on you! You are already under observation by the international judicial police forces to whom the undersigned will send all the paper results and files to have you put under investigation in order to clean the market from scum like you. The icing on the cake: you will also be unmasked as liars and scammers in the media and on review sites in order to warn potential unfortunate users of the scam that you are!
A serious and good faith Prop Firm when it opposes the client-trader the violation of a rule puts in place an objective and healthy adversarial process to arrive at the truth of the facts. You, knowing that you cannot sustain your lies, deny the adversarial process. You are truly pitiful.
This is contractual fraud and do not think you can get away with it just because you are in Mauritius i.e. offshore.
The international police forces that monitor crimes and financial frauds reach even the ends of the earth.
Scam scam scam.
Scum!
Horrible propfirm
More than 5 payouts denied, always the same reason copy trading or account management which is a lie. Everytime I asked them for proof they ignore and do not reply.
They cannot be trusted and whoever is behind algo are really horrible persons. I am pregnant and need that money and ive worked hard for my last payout and made sure everything was good, so 30 second gap between trades, respected the volume consistency, and had no trades over 33%.
They still denied, they are horrible and hurting people mentally as I spoke to a few victims as well do not trust and look elsewhere this really bad.
Algoforexfund is Scam
They always find excuses to denied payout.
Copytrade or account management are the popular excuse to use.
They're simply say you do that to denied your payout.
Avoid them. Don't waste your money to buy any challenge here.
They denied my payout multiple time.
Cryptos don’t work on weekends
Btc doesn’t work on weekends that’s why i put 3 stars. Other funding firms btc works everyday but on Algo forex funds it doesn’t.
Fraudster alert!!!My account has been…
Fraudster alert!!!My account has been deleted after putting 1star on trustpilot, how cheap is that, also been speaking with UK fraud there are many cases been received against to this company, everyone thinks seeing this good reviews on trustpilot they are genuine, all the reviews are from affiliates and fake do not trap in to these I hope this company goes bust before take anymore money from innocent people
Absolutely firm Danger Danger…
Absolutely firm Danger Danger Danger please everyone don’t buy this prop firm you only lose your money I had one account from this firm size 50k when I open position in XAU/USD when I earned more 1000$ I want close position but my account log out from MT4 I have a proof when my position going to minus account login when plus it log out they doesn’t want me close my position with profit they are traits please don’t buy this prop firm Dangerous ⚠️
I am so far having a smooth experience…
I am so far having a smooth experience with Algo Forex Funds. I got a 50k account, passed it with the help of HFT bot from a friend I met on TG, got funded the same day and received my first pay within 48hours of placing withdrawal and completing my verification with rise pay.
I can boldly say from my experience that Algo Forex Funds is credible and doing well; one of the best HFT prop firms out there.
I am anticipating a smooth second payout as I have already just like the first one. Thanks Algo Forex Funds for your excellent service to me
Payout denied and account banned pt.4
On Tuesday September 3rd, AlgoForexFunds decided to deny my payout of approximately $7000 net. Clearly the accusation is always the same: copytrading. I swear that I have never cheated with anyone, I developed my strategy and no one knows it, I don't even have any friends, among other things. These props tend to pay small payouts to get positive reviews and unnecessarily reject large payouts. *I will leave one negative review a day to prevent others from falling for the scam*. At least if you have the courage, send me proof of the trades I would have copied. However, now I will start trading again and I will bring this account to payout again, I will record every single trading session of mine and I will explain every single trade, that way they will have no excuses.
Updates: on 4th september they also disabled trading on my account without reason; I was restarting trading and also yet made a 0.5% profit but now the trading is disabled. They neither answer to this in the support email...
They continue to not answer, they are really a 100% scam, I want a reimburse for this scam. I also took some people to buy their prop... that's absurd.
Today they sent me a Violation mail: the violation type is "Other"🤣🤣🤣. They could at least fabricate some violations. They only were afraid of the fact that I was almost again at payout and so decided to block and ban my account (they told me, when they denied the payout, that they would have not close the account). Biggest scam on prop industry. Oh, anyway, great part of the 5 stars reviews are fake, the other part are people who got payed 500$ or something like that. Serious traders, please, don't fall into this.
They are scammers they are not paying…
They are scammers they are not paying any withdrawal at time of withdrawal they case any issue and stop withdrawal big scam don't buy any account we lose to much with him
don't trustdon't trust this company. this company
don't trust this company. they will not give you your hard-earned money in different places. they are frauds. They didn't give me my first salary either. they also gave 20 percent of the second payment. in addition, they do not want you to profit by creating problems in opening and closing transactions at the right time. Also, the support center will not respond to you without doing its job
Payout denied for false reason of…
Payout denied for false reason of “unauthorised account management”
Worst excuse they could’ve made up since I recorded myself making all the trades ,I want a refund or my payout to be processed properly without false reasons to not payout your customers,support just keeps saying the same thing to not have other people manage your account and then stop answering after awhile (report to uk fraud if they’ve done the same)
I was approved for withdrawal but I did…
I was approved for withdrawal but I did not receive the money in my wallet, I wrote to support but they do not answer me, solve this problem
69874112
In this account 69874477,payout got denied, please payout the trades were all manual trades or show a proof of copy trading. …
In this account 69874477,payout got denied,reason you said copy trading, please check all trade were manual trades why you denied 9100$ payout? Accused of copy trading, please show me a proof and payout that hard earned money.
Scam
I bought a 1 million account. They manipulated the trades and caused a huge loss until the account breached. This is completely impossible. Afterwards, the support tells you to wait, claiming it’s a broker error. Later, when you ask again, the support says they are not authorized to answer such questions and provides an email address. No response comes from that address!
It’s a scam. Don’t fall for it.”
ahahah even the 5 star reviews on…
ahahah even the 5 star reviews on Truspilot bought them, look at the names and the comments they use the same patterns over and over again.
Any excuse not to payout
I did all my trades myself, I have 3 other challenges with other firms. Once I hit $2300 I stopped trading so that I do not overtrade. Requested a payout and it got denied due to account management. I swear down all the trades I did myself, no one else has my details or access to my trading account. Yes, I use to trade on the same device whilst I was at work which is nearby but that’s about it. I waited a whole month for this payout, and was looking to save it towards a medical treatment. Please save yourself and do not go with this firm. Unless you’re an affliate you will not get a payout. I emailed them asking for proof but no reply, and they have blocked me on instagram aswell. If you haven’t got anything to hide then message me. I cannot work with this company nor put my trust in them to continue trading. Therefore I would like my money back for the challenge otherwise I will have to take this matter up legally and will be posting on other channels
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