Below is a comprehensive analysis of Algoproai (Mirabaud Group Ltd), based on the requested criteria, including online complaints, risk assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, and potential brand confusion. The analysis draws on available web information and critical evaluation of the provided data.

1. Online Complaint Information ¶

User Complaints: There are significant user complaints about Algoproai (Mirabaud Group Ltd). Reviews on platforms like Scamadviser indicate negative experiences, with users reporting being “tricked out of hard-earned cash” and describing interactions with the platform as a “nightmare.” At least two reviews give Algoproai an average score of 1 star, highlighting severe dissatisfaction.
Nature of Complaints: Complaints center around financial losses, lack of transparency, and difficulties recovering funds. Users mention being misled by the platform’s promises and encountering uncooperative or predatory behavior from the broker.
Third-Party Recovery Claims: Some users reference third-party services (e.g., “Costner Reclaim” or “Tone Limited”) that allegedly helped recover funds. However, these services are often flagged as potential scams themselves, raising further concerns about the ecosystem surrounding Algoproai.

2. Risk Level Assessment ¶

High-Risk Indicators: Algoproai is flagged as a high-risk platform due to multiple factors:
Regulatory Issues: The platform is not regulated by any recognized financial authority, increasing the risk of fraud or mismanagement of funds.
Clone Firm Warning: The Financial Conduct Authority (FCA) has identified Mirabaud Group Ltd, the purported owner of Algoproai, as a clone firm operating a phishing website, falsely claiming FCA authorization.
CONSOB Blackout: The Italian Companies and Exchange Commission (CONSOB) ordered Algoproai’s website to be blacked out for offering financial services illegally in Italy.
Lack of Legal Protections: As an unregulated entity, there are no legal safeguards for investors’ funds, making it highly risky to engage with the platform.
Scamadviser Rating: Scamadviser assigns Algoproai a trust score of 71/100, which is considered medium to low risk by their algorithm. However, the site’s youth (registered in June 2024) and user complaints contradict this score, suggesting a higher risk than the automated rating indicates. Manual verification is recommended.

3. Website Security Tools ¶

SSL Certificate: Algoproai.com uses an SSL certificate, which encrypts data between the user and the server. However, this is a basic security measure and not a guarantee of legitimacy, as even fraudulent sites often use SSL (e.g., Let’s Encrypt certificates).
DNSFilter Status: The website is marked as “safe” by DNSFilter, but this only indicates it hasn’t been flagged for malware or phishing at the time of analysis, not that it’s trustworthy.
Security Red Flags: No specific reports of malware or phishing attempts are noted, but the FCA’s clone firm warning suggests the site may be designed to deceive users by mimicking a legitimate entity, which is a significant security concern.

4. WHOIS Lookup ¶

Domain Age: The domain algoproai.com was registered in June 2024, making it very young (less than a year old). New domains are often associated with higher scam risks due to their lack of established reputation.
Registrar: The domain is registered through NameCheap, Inc., a common registrar used by both legitimate and fraudulent sites.
Owner Anonymity: The WHOIS data indicates the owner is using a privacy service to hide their identity. While this is not inherently suspicious, it’s a red flag when combined with other risk factors, as legitimate financial brokers typically provide transparent contact information.

5. IP and Hosting Analysis ¶

Hosting Provider: Specific hosting details are not provided in the available data, but Scamadviser notes the server’s IP address and hosting country are factors in their trust score.
Geographic Concerns: The hosting country is not explicitly mentioned, but the platform’s operations are flagged in multiple jurisdictions (UK, Italy), suggesting it may be hosted in a location with lax oversight. Further analysis would require tools like traceroute or hosting lookup services.
IP-Related Risks: No reports of the IP being listed on spam or phishing blacklists, but the site’s youth and regulatory issues outweigh this neutral finding.

Limited Presence: There is no evidence of a robust social media presence for Algoproai (Mirabaud Group Ltd). Legitimate brokers typically maintain active profiles on platforms like LinkedIn, Twitter, or Facebook to engage with clients and build trust.
Red Flag: The absence of verifiable social media accounts is concerning, as it limits transparency and makes it harder for users to verify the company’s legitimacy or track its activities. Scammers often avoid social media to minimize exposure.

7. Red Flags and Potential Risk Indicators ¶

Clone Firm: The FCA’s warning that Mirabaud Group Ltd is a clone firm impersonating a legitimate entity is a major red flag. This tactic is commonly used in phishing scams to exploit the reputation of established brands.
Regulatory Violations: CONSOB’s blackout order in Italy confirms Algoproai’s illegal operations in at least one jurisdiction, indicating a pattern of non-compliance.
Brand Confusion: The platform’s use of “Mirabaud Group Ltd” creates potential confusion with the legitimate Mirabaud Group, a well-established Swiss banking and asset management firm founded in 1819. This deliberate naming similarity is a common scam tactic.
Lack of Transparency: The website lacks clear information about its services, ownership, or regulatory status, which is atypical for reputable brokers.
High-Risk Financial Products: If Algoproai offers complex instruments like CFDs or forex trading (as suggested by its broker classification), it should provide extensive risk warnings and educational resources. The absence of such materials is a red flag.
User Reviews: Negative user reviews and reports of financial losses reinforce the platform’s untrustworthy nature.

8. Website Content Analysis ¶

Content Quality: The website content is described as lacking transparency and detail about services, products, or the company itself. Reputable brokers typically provide comprehensive information, including regulatory licenses, team bios, and clear terms of service.
Misleading Claims: Algoproai claims to be owned by Mirabaud Group Ltd and authorized by the FCA, both of which are false based on FCA warnings. Such misrepresentations are designed to deceive users.
Phishing Tactics: The FCA’s identification of the site as a phishing website suggests it may use deceptive design elements (e.g., fake logos, forged documentation) to mimic a legitimate broker.

9. Regulatory Status ¶

Unregulated: Algoproai (Mirabaud Group Ltd) is not regulated by any recognized financial authority. The FCA explicitly states that Mirabaud Group Ltd is not authorized and is a clone firm.
FCA Clone Warning: The FCA has blacklisted Mirabaud Group Ltd for falsely claiming authorization, a serious violation that indicates fraudulent intent.
CONSOB Action: CONSOB’s order to blackout Algoproai’s website in Italy confirms it operates illegally in at least one jurisdiction.
Contrast with Legitimate Mirabaud: The legitimate Mirabaud Group is regulated in multiple jurisdictions (e.g., FINMA in Switzerland, FCA in the UK, DFSA in Dubai) and has a 200-year history. Algoproai’s claim to be associated with this entity is demonstrably false.

10. User Precautions ¶

To protect themselves, users should:

Avoid Algoproai: Given the FCA clone warning, CONSOB blackout, and user complaints, users should not engage with Algoproai or deposit funds.
Verify Brokers: Only trade with brokers regulated by top-tier authorities (e.g., FCA, SEC, FINMA). Check regulatory status directly on official websites like www.fca.org.uk or www.consob.it.
Research Domains: Use WHOIS lookup tools to verify domain age and ownership. Be wary of young domains or anonymous registrations.
Check Reviews: Consult independent review platforms like Scamadviser or BrokersView, but critically evaluate automated scores against user feedback.
Secure Transactions: If engaging with any broker, use secure payment methods and avoid sharing sensitive information unless legitimacy is confirmed.
Report Scams: If affected, report to the FCA, CONSOB, or local authorities. In the UK, contact the FCA’s Compliance Department or use their scam reporting tools.

11. Potential Brand Confusion ¶

Mirabaud Group (Legitimate): The legitimate Mirabaud Group is a Swiss-based international banking and financial group with a 200-year history, regulated by FINMA, FCA, DFSA, and others. It operates in wealth management, asset management, and corporate finance, with offices in Geneva, London, Dubai, and more.
Algoproai’s Misrepresentation: Algoproai’s use of “Mirabaud Group Ltd” is a deliberate attempt to confuse users into believing it is affiliated with the legitimate Mirabaud Group. This is a classic scam tactic known as “clone firm fraud.”
Risk of Confusion: The naming similarity and false FCA authorization claim could mislead users, especially those unfamiliar with the financial industry, into trusting Algoproai. The legitimate Mirabaud Group has issued fraud warnings about such clones.
Additional Confusion with Algopro.ai: Scamadviser notes potential confusion with a legitimate company named Algopro.ai, which may be accessible via search engines. Algoproai.com exploits this by using a similar name, increasing the risk of users mistakenly engaging with the scam site.

12. Conclusion ¶

Algoproai (Mirabaud Group Ltd) is highly likely to be a scam based on the following evidence:

Regulatory Violations: Flagged as a clone firm by the FCA and blacked out by CONSOB for illegal operations.
User Complaints: Negative reviews report financial losses and predatory behavior.
Deceptive Practices: False claims of FCA authorization and association with the legitimate Mirabaud Group.
Website Red Flags: Young domain, anonymous ownership, and lack of transparency.
High-Risk Profile: Unregulated, with no legal protections for investors. Recommendation: Avoid Algoproai (Mirabaud Group Ltd) entirely. For safer trading, choose fully regulated brokers with verified licenses from top-tier regulators like the FCA, SEC, or FINMA. Always conduct thorough due diligence, including checking regulatory status, domain details, and independent reviews, before engaging with any financial platform.

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AI risk analysis - Algoproai (2025-04-29 17:35:39)