02.09.2025
The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from AlgoBank. This company is a suspected boiler room, a form of online investment fraud. AlgoBank has approached persons without being asked, to offer them investment proposals. A boiler room is a collective term for fraudulent individuals and organizations using clever salespeople to call potential investors to pressure them into buying shares that promise high returns (cold calling). In reality the shares are either worthless or non-existent. The AFM has established that AlgoBank does not have an AFM license or a European Passport.
Name: AlgoBank
Addresses: Limmatquai 68, 8001 Zürich, Switzerland
Phone number: +32 51841301
E-mail address: [email protected]
Domain name: https://algobanc.org/index.html