u/ActiveSafety2219

Hi everyone,

I’m posting to see if others have had a similar experience with a platform called Algobi.

I deposited around $200 recently, and after that:

• An agent was supposed to contact me but didn’t follow through
• When I requested a withdrawal, it stayed “pending”
• An agent later called and asked me to cancel my withdrawal (I refused)
• I then received an email asking for additional documents (bank statement with full details), which felt suspicious

Because of this, I’ve already reported the case to my bank, GCash, and the SEC (Philippines).

I’m not looking for recovery services or anything like that—I just want to understand:

• Has anyone successfully withdrawn from this platform?
• Did they also ask for documents only after requesting withdrawal?
• What happened in your case?

Also, if you’ve gone through something similar, what steps did you take that actually helped?

Please don’t DM me offering recovery services—I won’t entertain those.

Thanks in advance to anyone who shares their experience.