Review summary
Algobi, operating as DXA SEYCHELLES LIMITED, is an online trading entity established within the past year and registered in Seychelles. The broker holds an offshore Securities Dealer License (SD218) from the Seychelles Financial Services Authority (FSA), which is a registration rather than a stringent, investor-focused regulatory framework typical of major financial jurisdictions like the UK or Australia. Consequently, it operates without the direct financial oversight, capital adequacy rules, and client fund segregation mandates associated with top-tier regulators, presenting a clear absence of credible investor protection. According to its account data, it offers Silver, Gold, and Platinum accounts with a standard minimum deposit of $0.01 and maximum leverage of 1:200, supporting scalping and Expert Advisors (EAs). WikiFX assessment indicates significant negative user exposure regarding withdrawal procedures. Its overall WikiFX Score of 3.12 reflects significant regulatory and operational concerns. In summary, Algobi is an offshore entity with a notably high-risk profile for retail traders. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-10)
