About dexly
Company Overview
Dexly is a retail forex and CFD broker registered in the Republic of Seychelles with a founding date of 25 December 2023 according to FXCanary's records, though the broker's website claims to have been operating since 2018. The official domain is dexly.pro, and the registered address is House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. The broker operates under the name Dexly Group Ltd but holds no regulatory licences from any financial authority.
Trading Platforms and Instruments
Dexly offers a proprietary web-based trading platform accessible via mt7.dexly.pro, along with a spot exchange for currency and cryptocurrency conversion. The broker claims to provide over 300 tradeable instruments covering forex, cryptocurrencies, commodities, indices, and stocks. Leverage is advertised up to 100x on most instruments and up to 200x on stocks, which is notably high and typical of unregulated offshore brokers.
Account Types and Conditions
The broker operates a single account structure with flexible base currency options including fiat and cryptocurrencies. There is no minimum deposit, and minimum trade size is 0.0001 lots with a 15% stop-out level. A cent account option is available for smaller traders. This one-size-fits-all approach simplifies onboarding but lacks the account segregation that regulated brokers often provide.
Funding and Withdrawals
Deposits are primarily accepted in cryptocurrencies, with no mention of bank transfers or credit cards. The broker states it does not charge deposit fees, though payment system fees may apply. Withdrawal methods are not clearly detailed on the website, which is a common transparency issue among unregulated entities. Clients should expect crypto-based transfers.
Regulatory Status and Risk Assessment
Dexly is unregulated, meaning it is not overseen by any recognised financial authority. This absence of regulation significantly increases counterparty risk for traders. FXCanary's Scam Risk Score of 52/100 (Elevated) reflects this lack of oversight, combined with limited public track record and the broker's recent incorporation in 2023 despite claims of longer operation.
Target Audience
Dexly appears to target retail traders attracted to high leverage and cryptocurrency-friendly environments. The absence of regulatory protection makes it unsuitable for risk-averse beginners but may appeal to experienced traders who accept higher risk in exchange for speculative trading opportunities on a wide range of instruments.
Overview compiled by FXCanary from regulatory records and public data. full dexly review