Is Fivehills a Scam?

At FXCanary, our safety assessment is built from a combination of regulatory records, corporate registry data, and independent intelligence gathered from industry databases and watchdog lists. We do not rely on a broker's own marketing claims, and we treat the absence of independent user reviews as a significant data point in itself — for a broker with no track record of client feedback, there is simply less evidence to weigh.

For Fivehills Securities Limited, our records show a Scam Risk Score of 85 out of 100, which we classify as 'Severe'. That score is driven by three main risk flags: the firm is listed as a 'Fake Broker' in industry watchdog records, it has been identified as a clone or impersonator firm, and it is registered in Saint Vincent and the Grenadines, a jurisdiction known for light regulatory oversight. Each of these factors on its own would warrant caution; together, they paint a picture that any prudent trader should treat with extreme suspicion.

Our records list Fivehills Securities Limited as holding a Derivatives Trading License (EP) from the Financial Services Authority (FSA) of Seychelles, with licence number SD059. We cross-checked this against the public register, and the licence is indeed on file. However, the status of that licence is listed as '—', meaning we have no confirmation that it is currently active or in good standing. That ambiguity is itself a red flag.

The Seychelles FSA is a relatively small offshore regulator. It does not offer the same level of investor protection as, say, the UK's FCA or the Cyprus CySEC. There is no compensation scheme for clients, no requirement for negative balance protection, and client funds are not required to be held in segregated accounts under a strict fiduciary regime. In practice, this means that if the broker fails or disappears, there is very little recourse for a retail trader. The FSA's oversight is also far less intensive than that of major Western regulators, with fewer on-site inspections and less proactive enforcement.

Fivehills Securities Limited is registered in Saint Vincent and the Grenadines, a jurisdiction that has become notorious for hosting forex brokers with minimal regulatory oversight. The country's Financial Services Authority does not regulate forex brokers in any meaningful way; it simply registers companies as International Business Companies (IBCs). This means that a firm can be registered there without meeting any capital requirements, without submitting to any conduct-of-business rules, and without any obligation to protect client funds.

In FXCanary's assessment, the combination of a Seychelles FSA licence and a Saint Vincent registration is a classic offshore setup. It allows a firm to claim it is 'regulated' while actually operating in a jurisdiction where enforcement is weak and investor protection is almost non-existent. We have seen this pattern many times in the forex industry, and it is rarely a sign of a legitimate, client-focused broker.

Our records indicate that Fivehills Securities Limited has been identified as a clone or impersonator firm. This is a serious concern because it suggests that the firm may be using the name or branding of a legitimate entity to deceive traders. We found no clone sites impersonating Fivehills itself, but the fact that the firm is flagged as a clone means that it may be pretending to be someone else, or that its own identity is being misrepresented.

For traders, this adds an extra layer of danger. Even if you think you are dealing with a known brand, you could actually be dealing with an imposter. Always verify the official domain and cross-check it against the regulator's list of authorised firms. In this case, the official domain is hemeifinance.com, but we urge you to confirm this independently before making any deposit.

We found no independent user reviews for Fivehills Securities Limited. For a broker that claims to have been founded in November 2021, this is unusual. Most brokers, even small ones, attract some online commentary within a few years of operation. The complete absence of reviews could mean that the firm has very few clients, that it has recently changed its name or domain, or that it is operating under the radar.

In our experience, a lack of reviews is not necessarily proof of a scam, but it is a warning sign. It means there is no independent evidence of the broker's reliability, execution quality, or withdrawal process. Combined with the other red flags, we would treat the absence of reviews as further reason to avoid this broker until it can demonstrate a credible track record.

If you are considering any broker, but especially one with a severe risk score like Fivehills, we recommend a series of checks before you deposit a single dollar. First, verify the broker's regulatory status directly on the regulator's official website. For Fivehills, that means checking the Seychelles FSA register for licence SD059 and confirming that it is active and in good standing. Do not rely on the broker's own website or on third-party claims.

Second, search for the broker's name and domain on independent forums and social media. Look for complaints about withdrawals, slippage, or unresponsive support. In this case, we found no such reviews, which is itself a red flag. Third, test the broker with a very small deposit — an amount you can afford to lose — and attempt a withdrawal immediately. If the withdrawal is delayed or refused, that is a clear sign of trouble.

Finally, be extremely wary of any broker that is registered in Saint Vincent and the Grenadines or that holds only an offshore licence. These jurisdictions offer little to no investor protection. If the broker fails, you are unlikely to recover your funds. In FXCanary's assessment, the risks associated with Fivehills Securities Limited are severe, and we would advise traders to stay away unless the firm can provide clear evidence of a credible, well-regulated operation.

In summary, Fivehills Securities Limited presents a high-risk profile that we classify as 'Severe'. The combination of a 'Fake Broker' flag, clone/impersonator identification, and offshore registration in Saint Vincent and the Grenadines is deeply concerning. The Seychelles FSA licence, while on file, offers little in the way of real protection for retail clients.

We found no independent user reviews, no evidence of a solid track record, and no indication that the broker operates with the transparency and client-first approach that we look for. Until Fivehills can demonstrate that it is a legitimate, well-regulated entity with a history of satisfied clients, we would strongly advise traders to avoid it. The absence of evidence is, in this case, part of the evidence — and it points to a broker that is not safe to trust with your funds.