Wikilix
babaforex logo

babaforex

No Regulation
Saint Vincent and the Grenadines
,
Since 2020
Last Updated:
32/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
500
Account Types
ECN AccountStandardCentECN

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

No funding methods available

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 9%, 2: License 0%, 3: Software 51%, 4: Spread 0%, 5: Account Type 36%, 6: Symbol 0%
Regulation
9%Poor
License
0%Poor
Software
51%Fair
Spread
0%Poor
Account Type
36%Poor
Symbol
0%Poor

Company Information

Full Name:BABA INVESTMENT (SVG) LLC
Founded:2020
Headquarters:Saint Vincent and the Grenadines
Enterprise Offices:1offices

Customer Support

Phone:
—
Live Chat:
Not Available
Response Time:
—
Languages:
English
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Is babaforex a scam?

Wikilix independent safety report

Read the full report
0%Scam risk
High risk (unverified)Confidence: MEDIUM
3.0/5Safety rating 3 out of 5

Babaforex is not a scam on the evidence we could gather, but it is a high risk offshore operation, and our own record of it was wrong. We rate it 45 out of 100 for scam risk. The Seychelles Financial…

Risk scorecard · each area scored 0 (clean) to 10 (worst)

Regulation6/10 · HighIdentity & transparency5/10 · ModerateWithdrawals & conduct3/10 · LowReputation5/10 · ModerateWebsite claims4/10 · ModerateOperational history2/10 · Low
Editorial review
Updated

Broker Summary

What Wikilix has recorded about babaforex: its history, the licences it holds, its trading conditions and its fees.

babaforex is an online forex and CFD brand operated by BABA INVESTMENT (SVG) LLC, a limited liability company incorporated in Saint Vincent and the Grenadines on 9 June 2020 under registration number 419. The company is confirmed as active on the Saint Vincent and the Grenadines Financial Services Authority entity register, with Delany and Associates Corporate Services Ltd as its registered agent. That is a company registration only: it establishes that the operator exists, and it is not a financial services licence.

Regulation. No forex or CFD licence could be established for this operator in any jurisdiction. The broker's own website names no regulator, publishes no licence number and carries no supervisory disclosure beyond the incorporation line in its risk warning. Saint Vincent and the Grenadines does not license or supervise forex trading, so the SVG company number provides no client-money protection, no segregation requirement, no compensation scheme and no complaints escalation route to an authority.

Offering. The site advertises more than 600 instruments, itemised as 80 forex pairs, 27 cryptocurrencies, 474 shares, 17 indices, 8 metals and 29 futures. Four account tiers are promoted: Standard, Cent, ECN and Baba. Trading is offered on MetaTrader 4, MetaTrader 5 and an in-house platform called BABA Trader. Headline commercial claims are zero commissions, zero spreads on US stocks and on selected major pairs, tight spreads, instant deposits and withdrawals, and 24/7 support. Leverage is advertised at 1:30 for retail clients and up to 1:500 for clients classified as professional.

Funding and support. The website publishes no deposit or withdrawal page, no payment methods, no fee schedule, no minimum deposit, no spread table and no per-account specification. There is no contact page, no telephone number, no live chat and no office address; the only published address of any kind is a compliance email on a different domain from the trading site. The legal documents are supplied as scanned PDF files dated January 2023 that carry no extractable terms.

Who it suits. On the published evidence, no one seeking protected access to leveraged markets. The combination of an unlicensed offshore operator, a single-page marketing site with no commercial detail, aggressive zero-cost claims and no disclosed funding or withdrawal process leaves a client with no verifiable recourse if a deposit cannot be recovered. Traders who want the same instruments with enforceable protection should look to a broker supervised by an onshore authority that requires client-money segregation.

Caveats. The zero-commission and zero-spread claims are unaccompanied by any pricing document, so they cannot be checked. The claim of instant deposits and withdrawals is made with no funding channel disclosed. The site's own risk warning cites a 79.58% retail loss rate, a figure normally published under European rules that do not apply to this entity.

Website archive
Captured

Website snapshots

7 full-page captures of babaforex's own site, archived so what they said can still be read after the pages change.

7 pages
Homepage
Terms and Conditions
Risk Acknowledgement & Disclosure
Conflict of Interest Policy
Complaint Handling Policy
Privacy Policy
AML & CFT Policy
Captured by Wikilix from the broker's live site. Open any shot to read it full size.
Regulation check
Checked

Regulatory Licenses

Every licence babaforex has in force is from an offshore regulator. Most carry no compensation scheme — each licence's record says what the issuing regulator actually requires.

1 of 1 checked
Licences on record
1
Confirmed on register
1
Tier 1 or 2
0
Offshore
1

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

The Seychelles Financial Services Authority SD225

Wikilix read the FSA register on Aug 14, 2026. This is what it said.

Jurisdiction
SeychellesOffshore
Authority strength
Tier 3
Register status
Active, listed on the current Securities Dealer register with babaforex.com recorded as the licensed website

Checked Aug 14, 2026

What our check found

A Securities Dealer licence, the standard offshore permission allowing a firm to deal in securities as principal or agent. It is genuine regulation with capital and compliance requirements, but it is low tier and carries no investor compensation scheme. Client protection: Low. No compensation fund and no ombudsman, so recovering money in a dispute is difficult from abroad..

Client protection under this licence

  • No compensation scheme
  • Complaints routeFSA Enquiries
  • Maximum leverage1:1000

These are the rules FSA sets for the firms it licenses. They are not a statement about how babaforex applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

3 account types on record.

3 account types
AccountMin DepositLeverageCommission
StandardStandardNot recordedNot recordedNot recorded
CentCentNot recordedNot recordedNot recorded
ECNECNNot recordedNot recordedNot recorded
Account names and conditions as published by babaforex, recorded by Wikilix.
Trading software

Trading Platforms

2 trading platforms on record: MetaTrader 4 and MetaTrader 5.

2 platforms
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    Offered on the Standard, Cent and ECN accounts; the broker publishes no direct download link and routes the download button to its registration form.

    Runs on

    • Windows
    • Mac
    • Web
    • Android
    • iOS
    Details
  • MetaTrader 5 logo

    MetaTrader 5

    Recommended

    by MetaQuotes Software Corpsince 2010Developer site

    Offered on the Standard, Cent and ECN accounts; the broker publishes no direct download link and routes the download button to its registration form.

    Runs on

    • Windows
    • Mac
    • Linux
    • Web
    • Android
    • iOS
    • API
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

3 domains on record. All active and served over HTTPS.

3 domains
  • Saint Vincent and the Grenadineswww.babaforex.comMain siteSaint Vincent and the GrenadinesActiveHTTPS
  • babafx.comBackupActiveHTTPS
  • swww.babaforex.comActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Legal entities

Corporate Network

One legal entity behind the babaforex brand.

1 entity
  • BABA INVESTMENT (SVG) LLCActiveSaint Vincent and the GrenadinesRegistration 419Established Jun 9, 2020Operating entity named in the site's risk warning; confirmed active on the Saint Vincent and the Grenadines Financial Services Authority entity register, incorporated 9 June 2020 through registered agent Delany and Associates Corporate Services Ltd. A company registration is not a financial licence.
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Company registry check
Checked

Company Registration

babaforex names BABA INVESTMENT (SVG) LLC as the operating company. We could not confirm that registration on the registry.

Not confirmed on registry
Registration number
419 LLC 2020
Jurisdiction
Saint Vincent and the Grenadines
Registry
Financial Services Authority, Saint Vincent and the Grenadines, Commercial Registry
Registered address
First Floor, SVG Teachers Credit Union Uptown Building, Corner of James Street and Middle Street, Kingstown, Saint Vincent and the Grenadines
From our latest investigation
Frequently Asked Questions

Frequently Asked Questions

Common questions about babaforex

Most Popular Questions

Its operating company was incorporated on 9 June 2020, which the Saint Vincent registry confirms. The website itself carries a 2022 copyright line and legal documents dated January 2023, and no verifiable record of trading operations before then could be established.

We found no confirmed evidence of fraud, and the company behind the brand is real and active on its home registry. What we did find is an operator with no licence anywhere, no published pricing, no disclosed funding or withdrawal process and no contactable support, promoting zero-cost trading and leverage of up to 1:500. That is a high-risk, unverified profile: money placed with it has no protection and no route to recovery if it is not returned.

The site says the operator does not provide services to residents of certain jurisdictions including the United States, Canada and North Korea, and its registration form asks you to confirm you are not a US person for tax purposes. Because no regulator authorises the firm, it holds no permission to solicit clients in any regulated market.

There is no contact page, telephone number, live chat or office address on the website. The single published contact point is a compliance email address, and it sits on a different domain from the trading site. The homepage's claim of 24/7 support is not backed by any published channel.

It advertises zero commissions, and zero spreads on US stocks and on EUR/USD, JPY/USD and GBP/USD. No pricing page, spread table or fee schedule exists on the site to support those claims, so they cannot be checked, and a broker that earns nothing on the trades it advertises has not explained how it is paid.

The homepage claims instant deposits and withdrawals. That claim is unsupported: no withdrawal channel, processing time, limit or fee is published anywhere on the site, and no independent confirmation of withdrawal performance could be established.

The broker does not say. It advertises instant deposits and withdrawals on its homepage but publishes no deposit or withdrawal page, no payment methods, no processing times, no limits and no fee schedule. Committing money to a broker that will not disclose how funds leave the account is a serious risk in itself.

The site advertises more than 600 instruments, broken down as 80 forex pairs, 27 cryptocurrencies, 474 shares, 17 indices, 8 metals and 29 futures. No instrument list, contract specification or trading hours schedule is published.

MetaTrader 4, MetaTrader 5 and an in-house platform the broker calls BABA Trader. The Standard, Cent and ECN accounts are offered on MetaTrader; the Baba account is offered on BABA Trader only. Every download button on the site leads to the registration form rather than to a platform file.

The site advertises leverage of 1:30 for ordinary clients, rising to up to 1:500 for clients it classifies as professional. It does not publish the criteria it uses for that classification, and no regulator supervises how it applies them.

The broker publishes no minimum deposit. Its four account tiers are listed with a description, a platform and an account currency, but with no deposit, spread or commission figures attached, and its legal documents are supplied as scanned files with no readable terms.

No. Saint Vincent and the Grenadines does not license or supervise forex and CFD trading, and its Financial Services Authority does not regulate this activity. The company number proves only that the company exists. There is no client-money segregation requirement, no compensation scheme and no authority to escalate a complaint to.

The site's risk warning names BABA INVESTMENT (SVG) LLC, incorporated in Saint Vincent and the Grenadines with registration number 419. We confirmed that entity as active on the Saint Vincent and the Grenadines Financial Services Authority entity register, incorporated on 9 June 2020 through registered agent Delany and Associates Corporate Services Ltd. No directors, shareholders or officers are disclosed on the website.

No. No forex or CFD licence could be established for babaforex or for its operator in any jurisdiction. The website names no regulator and publishes no licence number. Its only official record is a company registration in Saint Vincent and the Grenadines, which is an incorporation record and not a financial services licence.

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