Roxom Securities (Seychelles) Ltd

Roxom Securities (Seychelles) Ltd is a securities and trading firm registered in the Republic of Seychelles, with its registered office at IMAD Complex, 3rd Floor, Office 12, Ile Du Port, Mahe. The company operates the trading platform roxom.com, which presents itself as a Bitcoin-denominated capital market. According to its legal documentation, the company is incorporated under the Companies Act 1972 of Seychelles.

Our records indicate that Roxom Securities holds a single licence from the Seychelles Financial Services Authority (FSA) as a Securities Dealer, with licence and status 'Licensed'. This regulatory registration places the firm under the oversight of the Seychelles FSA, a jurisdiction known for its offshore financial centre status. The company's LEI (Legal Entity Identifier) is 9845005YF396575AXF37, which is publicly registered.

Roxom's platform is described as a Bitcoin-native trading venue, where trades are priced, margined, and settled in BTC rather than fiat currencies. The official website highlights a 'Bitcoin Line of Credit' feature, allowing users to borrow against their Bitcoin holdings to access various markets, including stocks, carry trades, and global equities. Additionally, the platform offers 'Bitcoin Repos & Stock Lending', enabling users to earn yield on idle Bitcoin or equities through margin lending.

The platform uses a two-account structure: a Funding Account for deposits and withdrawals, and a Unified Trading Account (UTA) for trading. It supports BTC, USDC, and USDT, with BTC serving as the sole collateral for margin positions. The platform operates on an isolated margin model, meaning each position has its own dedicated collateral.

Roxom Securities (Seychelles) Ltd is regulated by the Seychelles Financial Services Authority (FSA) under a Securities Dealer licence,. The licence is currently listed as 'Licensed' in our records. However, the Seychelles FSA is considered a light-touch regulator compared to major financial hubs, and the jurisdiction is often viewed as offshore with limited oversight. It is important to note that the legal entity operating the roxom.com website, according to its terms and conditions, is Roxom Markets S.A. de C.V., a company registered in El Salvador. This discrepancy between the Seychelles entity and the El Salvador entity may be a point of consideration for traders assessing the corporate structure and regulatory coverage.

Roxom does not offer traditional forex or CFD account tiers. Instead, it provides two functional accounts: the Funding Account and the Unified Trading Account. The Funding Account is the primary wallet for deposits and withdrawals, supporting BTC, USDC, and USDT. The Unified Trading Account is used for trading activities, with positions margined in BTC.

Deposits and withdrawals are processed through the Funding Account, and users can transfer funds between the two accounts. The platform supports multiple networks for USDC and USDT, including Polygon, Base, and Ethereum. There is no minimum deposit information publicly available, and the platform does not disclose specific fees or commissions in the information we reviewed.

Roxom appears to target a niche audience of Bitcoin-focused traders and institutional investors. The platform's emphasis on Bitcoin-denominated trading, line of credit, and repo/lending services suggests it is designed for users who are comfortable operating entirely within the Bitcoin ecosystem. The mention of 'built for desks and treasuries' indicates an appeal to professional and institutional clients.

However, the platform is also accessible to retail users through its web-based interface, with no download required. The documentation is publicly available, suggesting an open onboarding process. Given the limited independent information and the offshore regulatory framework, the platform may be more suitable for experienced traders who understand the risks of trading with Bitcoin as collateral.

In FXCanary's assessment, Roxom Securities (Seychelles) Ltd presents a mixed picture. On one hand, it holds a valid Securities Dealer licence from the Seychelles FSA, and its official website and documentation are professionally presented. The platform's innovative approach to Bitcoin-denominated trading is noteworthy, and the use of MPC custody via Fireblocks is a positive security indicator.

On the other hand, the regulatory framework in Seychelles is relatively light, and the company's corporate structure involves multiple entities in different jurisdictions, which may complicate legal recourse. The lack of independent user reviews and limited public information about the company's operational history are cautionary factors. Traders should conduct thorough due diligence before engaging with the platform.