Algo ExchangeReviews of algoexchange.com

Beware of Bytfin.manager on Telegram they are a scam. They promise you big returns with little money and they keep asking for their commission before you get your funds. Which you will never get, only excuse. The App they use is app.rapidaitraders.com it is a fake app they use to give you false hope.

I have joined Algo about two years ago. I have been using one of their routine in on one of my IRA accounts and it has been running independently. So far, my account has netted around 50%. I am very pleased with their services.

great team, great customer service, helped me make a bunch of money. highly recommend!

Jake from Algo is such a knowledgable and easy guy to work with! Knows his stuff, got a platform and product that actually delivers beyond the promises. Couldn't be happy with their performance and can't thank them enough for their help!

I have consistently lost money with them. Here is my take...if you like gambling, this is great for you! I don't believe they have any actual Algo's of their own. What they do is license Algo's from others who create them. They put it on their platform and let it coast..if it does great, you'll see it rise to the top, the poor ones fall to the bottom. You might choose a good one, and then it starts doing poorly, you might choose a poor one and then it might do well. There is zero actual strategy other than luck. The S&P might be 20%, and half their Algo will lose anyway...I basically lost money every month with the exception of 1 or 2, overall this past year I lost about 35%! So what's the point + their heavy buy in fee...don't waste your time. My Recommendation is finding a company that does this better. I DON'T think they are a scam! But they do not do this well, this I can say certainly. Edited based on the comment below: I was in Cairo for 4-5 months, Cairo had one good month in April (out of 12, and the rest were lower than the S&P, so if you're a gambler go for it, if you miss that month you've lost money the rest of the year (give or take). Enjoy Pershing, Falcon V2, V3, Raptor - were all doing great when I joined - and now they are all down and in the red... So you have 17 Algos, and you're pointing to the 1 that happens to be doing well at the moment, or has had a good streak - even for 4 years...good luck to the investors who picked the 1 out of 17 thats not tanked - or gone flat on average. That's gambling. I am fine with a 35% drawdown - that happens, markets dip. But 12 months of losses when the market is doing great - is simply a bad system, and bad set of Algos. This is why I don't recommend it - my responsibility is to let future investors know. I'm not angry - just disappointed, and think there are much better ways to make money, and more fun places to gamble! This is neither. I would have been much better with the S&P. It had a great year - while I did not, thanks to you. 17 Algos - 8 made money, 11 lost money (which you don't mention) only 3 beat the s&p! all of them wildly inconsistent = gamblers also win sometimes.

I am a client of Algo Exchange and even met with the CEO, Austin for a few hours. When the CEO personally gives time to the clients, this is the correct company. The number of Algorithms and users made me feel better. Others may love the dollar amount clients invested using the system.

Over the past 12 months I have lost 30%. They showed me the cumulative loss was 40%. I was told on my call when I was sold this that the average monthly return was 2%-4% per month. After paying 10k for "license" along with a presentation showing me all the gains I would have gotten in the past 2 years, I shouldn't be in the red 30%. This is irresponsible and non-compliant. If I don't get a satisfactory resolution, I am filing a complaint with the SEC and any other regulatory agency that is appropriate. You can't throw out false offers and take people's money like that. I'm about to unleash furry on this company.

what a scam, they charge over 10k just to have their systems trade for you, plus a monthly charge...you dont own the system, you cant see the code for the systems, and their results are all hypothetical, not real time, even they say they are...SCAM,