In many jurisdictions, the authorities are currently investigating the fraudulent binary options & broker scams. The mills of justice are known to grind slowly but they grind. In addition, FinTelegram and the European Funds Recovery Initiative (EFRI), which we co-founded, ensure that the authorities continue their investigations and receive useful information. This was also the case with the huge BeAlgo and AlgoTechs broker scams. This scam has cheated thousands of small investors out of many millions.
Algotechs, part of the BeAlgo-Algotechs broker scam, closed down its website. FinTelegram will provide an update on the situation soon.
The UK Financial Conduct Authority (FCA) issued a warning against broker scam BeAlgo and its operato B.A.X. Ltd.
The market supervisory authorities in the United Kingdom (FCA) and Austria (FMA) have issued investor warnings against Algotechs on April..