DXA Seychelles Limited

Algobi is a retail CFD and forex broker operated by DXA Seychelles Limited, a company incorporated in Seychelles with registration number 8438281-1. The broker was established in 2025, making it a relatively new entrant to the online trading space. Its official headquarters are at CT House, Office No. 9A, Providence, Mahe, Seychelles, and it operates exclusively under the algobi.com domain.

The broker is regulated by the Seychelles Financial Services Authority (FSA) under license, which authorizes it to act as a securities dealer. While FSA regulation is recognized internationally, it is considered an offshore jurisdiction with less stringent oversight compared to top-tier regulators such as the FCA or ASIC. Traders should weigh this factor when assessing the broker's safety.

Algobi holds a single license from the FSA Seychelles, a regulatory body that oversees financial services in the island nation. The license is classified as a Securities Dealer license, permitting the broker to offer leveraged trading products. The FSA requires compliance with anti-money laundering (AML) and know-your-customer (KYC) procedures, and Algobi references these in its client agreement.

However, Seychelles is not a member of the European Union or subject to MiFID rules, and its compensation schemes are limited. This regulatory framework places Algobi in a lower tier of oversight, meaning client protection mechanisms are not as robust as those in major financial hubs. Traders are advised to conduct thorough due diligence before committing funds.

Algobi offers three account tiers: Silver, Gold, and Platinum, each designed to cater to different experience levels and trading volumes. The Silver account is the entry-level option, providing standard conditions with no discounts on spreads or swaps. The Gold account introduces reduced spreads and swap rates, appealing to more active traders. The Platinum account, while not fully detailed on the public website, is expected to offer the tightest spreads and lowest costs for high-volume traders.

All accounts operate with a maximum leverage of 1:200, a stop-out level of 5%, and a minimum deal size of 0.01 lots. Leverage is fixed across tiers, meaning traders cannot adjust their exposure. The broker does not charge commissions on trades, instead earning through the spread. Floating spreads are applied, with the exact figures varying by market conditions and account type.

The broker provides two main platforms: a WebTrader accessible via any modern browser and a mobile application for iOS and Android devices. Both platforms are powered by TradingView, a leading charting and analysis tool known for its advanced technical indicators, real-time data, and customizable layouts. This integration allows traders to execute trades directly from charts and access over 100 indicators.

Algobi does not offer the popular MetaTrader 4 or 5 platforms, which may be a drawback for traders accustomed to those ecosystems. The proprietary setup is designed for simplicity and mobility, with a focus on user experience. The broker also offers a demo account for practice, though terms are not explicitly stated on the website.

Algobi provides access to over 300 CFD instruments across six asset classes: forex, indices, commodities, metals, stocks, and cryptocurrencies. Forex traders can trade major pairs like EUR/USD and GBP/USD, as well as minor and exotic pairs. Indices include global benchmarks such as the S&P 500, FTSE 100, and Nikkei 225. Commodities cover energy (crude oil, natural gas) and agricultural products, while metals focus on gold, silver, and copper.

Stock CFDs are available on shares from US, European, and Asian markets, and cryptocurrency CFDs include Bitcoin, Ethereum, and other altcoins. The broker emphasizes the diversity of its instruments, allowing traders to speculate on price movements without owning the underlying asset. However, trading hours and margin requirements may vary per instrument.

The broker's funding methods are not detailed on the public website, but independent reviews indicate a minimum deposit of $250 and support for bank transfers, credit/debit cards, and e-wallets. Withdrawals are processed with similar methods, with the broker stating a commitment to fast and secure transactions. Fees for deposits and withdrawals are not disclosed, but the broker claims no hidden charges.

Customer support is available 24/5 via a contact form on the website, email, and phone. A live chat feature is not evident. The support hub includes FAQs and guides, but responsiveness and resolution times are not independently verified. Algobi does not maintain offices or physical presence in most jurisdictions, as stated on the contact page.

Algobi targets both beginner and intermediate retail traders looking for a straightforward trading experience with a moderate range of instruments. The account structure and leverage cap at 1:200 suit those who prefer limited risk exposure. The use of TradingView appeals to traders who value advanced charting without the complexity of MetaTrader.

However, the offshore regulation and lack of track record may deter risk-averse traders or those requiring higher levels of client protection. The broker is not suitable for high-frequency scalpers or professionals needing ultra-tight spreads and advanced order types. Overall, Algobi positions itself as a user-friendly platform for traders comfortable with Seychelles regulation.