BrokersView has found that Baba Forex appears to be a scam Baba Forex only claims to be registered in Saint Vincent and the Grenadines on its website. While we can find a matching company in the Financial Services Authority (FSA) registry of Saint Vincent and the Grenadines, this only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or licence forex brokers. Furthermore, Baba Forex is not licensed by any recognised financial authority. This is a major red flag indicating fraudulent activity. Therefore, Baba Forex appears to be a scam.

What's Baba Forex, is it legit? Dear Investor, We strongly advise against using Baba Forex, as it is not a trustworthy platform and lacks a valid financial license. While Baba Forex claims to operate through Baba Investment (SVG) LLC, a company that does appear in the registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, this registration is merely for an International Business Company (IBC). It does not constitute a legitimate financial license, as the SVG FSA explicitly does not regulate or license forex brokers. Furthermore, Baba Forex is not authorized by any recognized financial authority. This is a significant red flag indicating potential fraudulent activity. To protect your funds, we strongly recommend that you avoid trading with Baba Forex. View Source