In foreign exchange investment, black platform has always been a cancer in the foreign exchange investment circle, and failure to withdraw funds is also one of the biggest risks faced by foreign exchange investment.

For foreign exchange investors, the choice of foreign exchange trading platform is very important. Choose a good foreign exchange trading platform, the most important thing is: choose a safe and reliable platform, and say no to unregulated platforms.

On June 5, the UK's Financial Conduct Authority (FCA) issued a warning to AlgoForex, warning investors to be wary of dealing with the unauthorised company, according to Forex Eye Monitor.

The FCA warns that AlgoForex offers financial services or products in the UK without our authorisation and if you suffer a loss of funds, you will not be able to use the Financial Ombudsman service or be protected by the Financial Services Compensation Scheme (FSCS).

Here are some more details about the platform:

Unauthorized company details

Name: AlgoForex

Address: The Clubhouse, Mayfair, London W1K 3QT

Tel: +442071889892

E-mail: support@algoforexuk.com

Web site: www.algoforexuk.com

Some companies may provide incorrect contact information, including postal addresses, phone numbers and email addresses, may change these contact details over time, and may also provide investors with details belonging to other businesses or individuals.

The AlgoForex website is still operating normally, which means there may be more investors facing potential losses.

According to the AlgoForex website, AlgoForex is an international online broker that offers retail and institutional investors more than 130 tradable instruments across 6 asset classes and more than 1,000 currencies, stocks, indices and commodities. And there are no commissions, small spreads, and are fully regulated brokers.

At the bottom of its website, it can be seen that it is regulated by the FCA and discloses a fake authorized company name and brand name and number.

Authorization and regulation: Algoforex

Brand name Algo Forex by Algo Performance Fund

FCA Reference Number: 780240

In the face of such complex types of information, it is difficult for ordinary investors to distinguish between true and false, and verification is time-consuming and laborious.