AlgoBlox withdrawal issues AlgoBlox.com

By Wenche Eriksen, from Norway, July 19, 2021 at 04:38 PM

AlgoBlox.com AlgoBlox refuses to pay me my money when I want to close my trading account, 22000USD. They say that I have to pay 20% taxes before I transfer my money to Norway. is that correct? I pay 28% taxes in Norway. They have also scammed me for 10000usd. What can I do to get my money? BR Wenche Eriksen

Answer: Hi Wenche Eriksen,

According to the terms and conditions on the AlgoBlox website, the broker seems to be registered in Bulgaria. However, there are simply no proofs of this registration in the register of the Bulgarian financial regulator, Financial Supervision Commission, so we may conclude that the broker is not regulated.

Unfortunately, there is a small chance of getting your money back in this situation. We would recommend you to report about this issue to your local financial regulatory organisation so they can take the needed measures.

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