High Risk
Reported as a scam / unregulated
SF-702528registry entry
Why Algo Option is on the register
Algo Option’s website provides no regulatory disclosures, only claims that it was registered in United States. We searched the official register of the National Futures Association(NFA) using all available details, but found no record of Algo Option or any associated company. This absence of basic corporate and regulatory information strongly suggests that Algo Option operates without authorization. Therefore, Algo Option appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.