Wikilix
Licence record

FSA licence SD225

Holder
babaforex
Jurisdiction
Seychelles
Last checked
Aug 14, 2026

This is Wikilix's record of a licence issued by The Seychelles Financial Services Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Sep 10, 2026

Licence Verification Record

The Seychelles Financial Services Authority SD225

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

Issuing authority
The Seychelles Financial Services Authority
Holder
BABA INVESTMENT (SVG) LLC
Jurisdiction
Seychelles
Register status
Active, listed on the current Securities Dealer register with babaforex.com recorded as the licensed website

Checked Aug 14, 2026

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

wikilix.com/licenses/the-seychelles-financial-services-authority/babaforex/sd225Fields on file 7 / 11

Open babaforexAbout FSA
Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 3
Jurisdiction
Seychelles
Last checked
Aug 14, 2026
Register says
Active, listed on the current Securities Dealer register with babaforex.com recorded as the licensed website

Finding

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..

Exhibit

Register screenshot, captured Aug 14, 2026
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
SD225
Register status
Active, listed on the current Securities Dealer register with babaforex.com recorded as the licensed website
The authority

About FSA

The Seychelles Financial Services Authority is the authority that issued this licence, and the jurisdiction it applies in is Seychelles.

Full name
The Seychelles Financial Services Authority
Jurisdiction
Seychelles
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2013
Oversight
A government or statutory body
Firms we track under it
143 firms
Regulates
Stocks, Fund
Licences it issues
Securities Dealer – Principal & Agency
Typical cost of a licence
USD 10000-20000
Public register
Searchable by the public
Transparency
Low

FSA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

FSA's own rules for the firms it authorises.

  • No compensation scheme
  • Complaints routeFSA Enquiries
  • Maximum leverage1:1000
This describes the authority's regime, not how babaforex applies it.
The holder

Who holds this licence

The licence above is recorded against babaforex. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
BABA INVESTMENT (SVG) LLC
Based in
Saint Vincent and the Grenadines
Wikilix score
32.0the firm’s overall score, not a rating of this licence

Wikilix records babaforex as having no regulation on file. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • BABA INVESTMENT (SVG) LLCSaint Vincent and the Grenadines · LLC-Limited Liability Company · Reg. 419 · Jun 9, 2020
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

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.

Licence SD225 was issued by The Seychelles Financial Services Authority (FSA), the financial authority for Seychelles.
babaforex holds this FSA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSA register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates FSA tier 3. Supervision is lighter-touch and client protections vary.
Yes, FSA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
This page links straight to the FSA register. Search it for SD225, and for the name babaforex rather than the trading brand.
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