Algobi is regulated, but only offshore. DXA Seychelles Limited, the company behind the brand, holds license SD218 from the Financial Services Authority (FSA) of Seychelles. That puts Algobi ahead of unlicensed operators, but behind brokers supervised by regulators like the UK FCA, CySEC or ASIC. Whether it’s “safe enough” depends on how much you deposit and how much protection you expect if something goes wrong.
Algobi regulatory details
| Item | Details |
|---|---|
| Legal entity | DXA Seychelles Limited |
| Company registration | 8438281-1, Seychelles |
| Registered address | Abis Centre, Providence Industrial Estate, P.O. Box 1466, Victoria, Mahe, Seychelles |
| Regulator | Financial Services Authority of Seychelles |
| License number | SD218 (Securities Dealer) |
| Excluded regions | USA, Canada, EU, Iran, Iraq, Syria, North Korea, Sudan, Myanmar, Russia |
| Published legal documents | Risk disclosure, privacy policy, cookies policy, bonus terms, complaint handling procedure (May 2026 versions) |
Source: Algobi legal information, checked September 2026.
How to verify the Algobi license yourself
Don’t take any broker’s word for its license, including this one. The check takes two minutes:
- Go to the official FSA Seychelles website and open its register of licensees.
- Search for “DXA Seychelles Limited” or license number SD218.
- Confirm the entity name, license type and status match what Algobi lists.
- Check that the website domain listed with the regulator matches algobi.com.
If any detail doesn’t match, treat that as a serious warning sign. Clone sites that copy a real broker’s license number are common in this industry.
What FSA Seychelles regulation actually covers
The FSA licenses securities dealers, sets minimum capital requirements and expects firms to follow conduct and reporting rules. It can investigate complaints and take action against license holders.
What it doesn’t offer is the safety net of a Tier-1 jurisdiction. There’s no investor compensation fund comparable to the UK’s FSCS, which covers up to £85,000, or Cyprus’s ICF, which covers up to €20,000. Leverage caps are also looser. Algobi’s 1:200 would be well above the 1:30 retail limit on major forex pairs in the EU and UK.
That’s why offshore brokers can offer higher leverage and bonuses. It’s also why the responsibility for managing risk shifts more toward you.
Positive trust signals at Algobi
- A named, licensed entity. The legal company, registration number, license number and physical address are all published in the website footer.
- Current legal documents. Risk disclosure, privacy, cookies, bonus terms and complaint handling policies are available and dated May 2026.
- A formal complaints process. A published complaint handling procedure gives you a documented path if a dispute comes up.
- Sensible jurisdiction limits. Algobi doesn’t solicit clients from regions where it isn’t licensed, like the US and EU.
- Moderate leverage. 1:200 is high by EU standards but conservative compared with offshore brokers offering 1:500 or 1:1000.
- KYC on sign-up. Identity verification is part of the account opening process, which is a basic anti-fraud requirement.
Questions Algobi leaves open
A few points aren’t answered on the public pages we reviewed:
- Segregated client funds. The site doesn’t clearly state whether client money is held separately from company funds, or with which bank.
- Negative balance protection. There’s no clear statement that you can’t lose more than your deposit.
- Trading costs. Spreads, commissions and tier deposit thresholds aren’t published.
- Bonus conditions. A bonus terms document exists. Offshore bonuses often come with volume requirements that restrict withdrawals.
None of these are proof of a problem. They’re simply the questions any trader should put to support, in writing, before depositing.
Algobi safety checklist before you deposit
- Verify license SD218 on the FSA Seychelles register
- Ask support whether client funds are segregated, and where
- Ask whether negative balance protection applies to your account
- Read the risk disclosure and complaint handling procedure
- Decline any bonus until you’ve read its withdrawal conditions
- Check live spreads on the demo or WebTrader
- Start with a small deposit and request a test withdrawal
Algobi safety FAQ
Is Algobi a scam?
There’s no evidence on its website that Algobi is a scam. It’s a licensed broker operating under FSA Seychelles license SD218. As with any offshore broker, verify the license and test withdrawals early.
Who owns Algobi?
The brand is owned and operated by DXA Seychelles Limited, registered in Seychelles under number 8438281-1.
Is Algobi regulated by the FCA or CySEC?
No. Algobi’s only stated regulator is the Financial Services Authority of Seychelles.
Is my money protected with Algobi?
Protection is limited compared with Tier-1 regulated brokers. Seychelles doesn’t offer an investor compensation scheme like the UK’s FSCS. Ask Algobi directly about segregated accounts and negative balance protection.
Why doesn’t Algobi accept EU or US clients?
Algobi isn’t licensed in those regions, so it can’t legally offer its services there.
Final assessment
Algobi looks like a properly set up offshore broker: licensed, transparent about its legal entity, and publishing up-to-date legal documents. What you give up is the protection layer that comes with top-tier regulation. Verify the license yourself, get answers on fund segregation and negative balance protection, and keep your exposure proportionate to the regulatory risk.
Risk warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Only trade with money you can afford to lose. Past performance is not an indication of future results.
