Seepaka Review

Account types

Deposits / Withdrawals

• Deposit Methods: Visa, American Express, Apple Pay, Bitcoin, MasterCard, Google Pay
• Withdrawal Methods: Apple Pay, Bitcoin, Visa, MasterCard, American Express, Google Pay
• Account Currencies: USD

About Seepaka

Seekapa is the trading name of BluePine LTD, a Seychelles investment firm authorised by the Financial Services Authority (FSA) as a Securities Dealer, license number SD183. The FSA’s register lists “BLUEPINE LTD” with trade names “BLUEPINE; SEEKAPA” and websites bluepine.sc and seekapa.com. Registered address: Abis Centre (2), Providence Industrial Estate, Mahé Island, Seychelles. The official site notes regional restrictions, including that services are not offered in the European Economic Area, the USA and British Columbia, Canada. FSA Official site

The broker offers CFDs across multiple asset classes: forex, stocks, indices, commodities, cryptocurrencies and ETFs, tradable via a browser-based WebTrader and mobile apps. Account tiers and headline conditions include Starter (minimum $500; up to 1:100 leverage; spreads from 1.8), Basic ($5,000; up to 1:200; from 1.8), Standard ($10,000; up to 1:300; from 1.0), Advanced ($50,000; up to 1:400; from 0.7) and Pro ($250,000; up to 1:400; from 0.4). Official site Official site

BluePine’s “General Fees” policy states no deposit fees and no commission fees, while listing payment-method charges (e.g., card up to 3.5%, e‑wallets 2–3.5%) and bank‑wire withdrawal fees (e.g., 30 USD/EUR/CHF/GBP), together with a withdrawal fee of $100 in specified circumstances. The policy also details inactivity fees that escalate monthly and dormancy fees for prolonged inactivity. The Client Agreement guarantees Negative Balance Protection and specifies that abusing NBP (including coordinated hedging across accounts) may trigger actions under force‑majeure provisions; it also classifies “scalping” as “abusive trading,” and notes that use of Expert Advisors is at the client’s own responsibility. General Fees (PDF) Client Agreement (PDF)

Who it’s for

• Traders seeking an FSA‑authorised Seychelles Securities Dealer operating via seekapa.com and offering multi‑asset CFD access.
• Users who prefer web and mobile trading platforms over desktop terminals.
• Clients looking for tiered accounts with higher maximum leverage (up to 1:400) and defined minimum deposits.
• Non‑EEA and non‑U.S. residents, in line with the stated regional restrictions on the official site.

Pros and cons

Pros

• Authorised by the Seychelles FSA as a Securities Dealer (SD183); the regulator lists the trade name “SEEKAPA” and the domains bluepine.sc and seekapa.com.
• Clear account tiers with published minimum deposits, spreads and maximum leverage up to 1:400.
• Negative Balance Protection described in the Client Agreement.
• Browser WebTrader and mobile apps available.
• Policy stating no deposit fees and no commission fees (per General Fees document).

Cons

• Payment‑method charges (e.g., card up to 3.5%, e‑wallets 2–3.5%), fixed bank‑wire withdrawal fees, and a $100 withdrawal fee in specified cases; inactivity fees escalate to substantial dormancy fees for long periods without activity.
• Scalping is classified as “abusive trading”; hedging to exploit Negative Balance Protection may trigger remedies under force‑majeure clauses.
• Regional restrictions include the EEA and the USA per the website.
• Documentation inconsistency: the “General Fees” policy states no commissions, while a separate “Commissions Policy” describes commission calculations (the latter notes its tables are for information purposes).