Roxom Securities (Seychelles) Ltd Review

When a broker has no independent user reviews and a thin public footprint, our job is to establish what can be verified and what cannot. For Roxom Securities (Seychelles) Ltd, we began with the official domain roxom.com and the regulatory record on file: a Securities Dealer licence from the Seychelles Financial Services Authority (FSA),, status Licensed. We then cross-checked this against the FSA's public register of capital-markets entities and against corporate registries that track Seychelles companies.

What we found is a broker that exists on paper, is licensed in a light-touch offshore jurisdiction, and operates a modern, Bitcoin-centric trading platform. But the gap between the polished website and the verifiable regulatory substance is significant. In this review we separate what is documented from what is claimed, and we explain what the Seychelles regime does and does not offer a retail trader.

The absence of independent reviews is itself a data point, and we treat it as such.

Roxom Securities (Seychelles) Ltd is incorporated in the Republic of Seychelles, with a registered address at IMAD Complex, 3rd Floor, Office 12, Ile Du Port, Mahe, Seychelles. Corporate records show the company holds a Legal Entity Identifier (LEI), which is a positive sign of basic corporate hygiene — it means the entity is registered in a global database used by financial institutions. The LEI itself is not a licence and confers no investor protection, but it does confirm the company is a real legal person rather than a phantom.

The website roxom.com presents Roxom as a 'Bitcoin Capital Market' — a platform where trades are priced, margined, and settled in Bitcoin rather than fiat. This is an unusual positioning, and it sets Roxom apart from the typical forex or CFD broker. The platform's own documentation describes 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 only BTC serving as collateral for margin positions.

Notably, the legal terms on the docs subdomain are issued by a different entity — Roxom Markets S.A. de C.V., registered in El Salvador — while the OTC securities terms are issued by Roxom Securities (Seychelles) Ltd. This split between operating entities is common in crypto platforms but adds a layer of complexity for a trader trying to determine exactly which company they are contracting with. Our records show no clone or impersonator sites, which is reassuring, but the multi-entity structure deserves scrutiny.

Roxom Securities (Seychelles) Ltd holds a Securities Dealer licence from the Seychelles Financial Services Authority (FSA),, with status 'Licensed'. We verified this against the FSA's public register of capital-markets entities, which lists licensed securities dealers, exchanges, and other market participants. The licence is genuine in the sense that it appears on the regulator's list — but the substance of that licence is limited.

The Seychelles FSA is an offshore regulator. It does not operate a compensation scheme for retail clients, it does not mandate segregated client accounts in the way that, say, the UK's FCA or Cyprus's CySEC do, and it does not impose leverage caps on retail trading. The jurisdiction is known for light oversight and low barriers to entry.

For a trader, this means the licence is a basic authorisation to operate, not a guarantee of financial soundness or fair treatment. We should be clear: a Seychelles licence is not inherently fraudulent. Many legitimate brokers operate from offshore jurisdictions.

But it does mean that if something goes wrong — if the broker fails, freezes withdrawals, or is accused of misconduct — the trader has very limited recourse. There is no ombudsman, no compensation fund, and little practical ability to enforce a judgement against a Seychelles company. In FXCanary's assessment, this is the single most important factor in evaluating Roxom.

• FSA Seychelles | Securities Dealer | licence | status Licensed | Seychelles This is the only regulatory authorisation on file. There is no licence from any major Western regulator — no FCA, no CySEC, no ASIC, no CFTC. The absence of such licences is not an oversight; it is a deliberate choice. A broker that wants to serve retail clients in the EU or UK must meet stringent capital, conduct, and reporting requirements. Operating from Seychelles avoids all of that. We also note that the corporate registry data shows the company's registration number as SD 230, but that is a company registration, not a licence number. The licence number we rely on is, as stated in our records. We have not seen any evidence of additional licences in other jurisdictions, and we would caution traders against assuming that the El Salvador entity mentioned in the terms and conditions is regulated in any meaningful way.

Roxom is a web-based platform, accessible through a modern browser, with no download required. The documentation describes a clean, functional design that supports Bitcoin-denominated trading across multiple asset classes, including futures, equities, and OTC securities. The platform uses a two-account structure: a Funding Account for deposits and withdrawals, and a Unified Trading Account for trading. This is a sensible separation that mirrors what many crypto exchanges offer.

One notable feature is the 'Bitcoin Line of Credit' — a product that lets users borrow against their Bitcoin holdings to enter new positions or draw USDT for external liquidity. This is essentially a crypto-backed lending product, and it carries real risk. If the value of Bitcoin falls, the borrower may face margin calls or liquidation. The platform also mentions 'Bitcoin Repos & Stock Lending', which would allow users to earn yield on idle Bitcoin or equities. These are sophisticated products, more typical of a prime brokerage than a retail forex broker.

From a technical standpoint, the platform appears well-documented, with a help centre covering margin, supported currencies, and custody. The custody model uses multi-party computation (MPC) on Fireblocks infrastructure, which is an institutional-grade solution. This is a positive sign — it suggests the platform has invested in security. However, we cannot verify the actual implementation, and the lack of independent audits or reviews means we must take these claims at face value.

Roxom positions itself as a 'Bitcoin Capital Market', meaning that all trading is denominated in Bitcoin. The platform supports trading in Bitcoin futures, global equities, treasury companies, and OTC securities, all margined and settled in BTC. This is a fundamentally different model from a traditional forex broker, where trades are settled in fiat currencies.

For a trader, this means that all profits and losses are realised in Bitcoin. If you are a Bitcoin holder, this could be attractive — you can trade without converting to fiat. But it also means you are exposed to Bitcoin price volatility on top of the volatility of the instruments you are trading. A profitable trade in dollar terms could still result in a loss in Bitcoin terms if Bitcoin appreciates during the trade.

The platform supports three currencies — BTC, USDC, and USDT — but only BTC can be used as collateral for margin positions. USDC and USDT must be sold for BTC before they can be used for trading. This is a limitation that traders should be aware of, especially if they prefer to hold stablecoins to avoid crypto volatility.

The platform's documentation states that the Funding Account supports deposits and withdrawals in BTC, USDC, and USDT, across networks such as Bitcoin, Polygon, Base, and Ethereum. Deposits are credited to the Funding Account, and withdrawals are processed from there. The documentation does not disclose specific fees for deposits or withdrawals, and our records do not contain any fee schedule.

This lack of transparency is a concern. While many crypto platforms charge network fees for withdrawals, some also charge platform fees or have minimum withdrawal amounts. Without clear information, traders cannot accurately calculate the cost of moving funds in and out. We would advise any potential user to contact support and request a full fee schedule before depositing.

We also note that the platform mentions 'Auto-Earn' on the Funding Account, which suggests that idle balances may earn yield. This is a common feature on crypto platforms, but it carries its own risks — the yield is not guaranteed, and the underlying lending activities may not be covered by any compensation scheme.

The documentation is clear that the Funding Account and Unified Trading Account are not account tiers or membership levels — they are functional accounts that all users have. There is no mention of different account tiers, such as standard, premium, or VIP, and no minimum deposit is disclosed in our records.

The absence of tiered accounts is not necessarily a negative. It simplifies the offering and avoids the common practice of offering better spreads or lower fees to larger depositors. However, it also means there is no published information about minimum deposit requirements, which could be a barrier for some traders. We would expect a broker to disclose this clearly on its website, and its absence is a gap in transparency.

For a trader, the practical implication is that you may be able to start with a small deposit, but you will not know the exact minimum until you go through the onboarding process. We recommend contacting support for clarification before committing funds.

Roxom is not a broker for a beginner looking to trade forex with a small account. The platform is Bitcoin-native, which means you need to be comfortable with cryptocurrency volatility and the concept of margin trading with BTC as collateral. The products on offer — Bitcoin futures, repos, stock lending, and OTC securities — are sophisticated and carry a high level of risk.

The platform may suit an experienced crypto trader who holds Bitcoin and wants to put it to work without converting to fiat. The line of credit and repo features could be attractive to such a user. However, even for this audience, the lack of regulatory oversight in Seychelles is a significant drawback. If the platform fails or is hacked, there is no safety net.

For a swing trader or a long-term investor, the platform's focus on Bitcoin-denominated returns adds an extra layer of complexity. Your returns are not just dependent on the performance of the assets you trade, but also on the price of Bitcoin itself. This is a double-edged sword that can amplify both gains and losses.

FXCanary's Scam Risk Score for Roxom Securities (Seychelles) Ltd is 40 out of 100, which we classify as 'Guarded'. This score reflects two primary risk flags: the broker is registered in Seychelles, an offshore jurisdiction with light oversight, and there is no verifiable website or social-media presence beyond the official domain and its documentation subdomain.

The lack of independent user reviews is another concern. In our experience, a broker that has been operating for any length of time typically accumulates at least some feedback on forums, review sites, or social media. The complete absence of such feedback for Roxom is unusual and could indicate that the platform is new, that it has a small user base, or that it has not yet attracted attention — for better or worse.

We also note that the platform's terms and conditions are issued by an El Salvador entity, while the OTC terms are issued by the Seychelles entity. This multi-entity structure can make it difficult to determine which legal entity is responsible for which services, and it complicates any potential dispute resolution. While this is not evidence of fraud, it is a red flag that warrants caution.

In FXCanary's assessment, Roxom Securities (Seychelles) Ltd is a real, licensed entity with a professionally built platform, but it operates in a regulatory grey zone. The Seychelles licence provides minimal investor protection, and the absence of independent reviews means we cannot vouch for the platform's reliability or trustworthiness. The Scam Risk Score of 40/100 reflects this guarded stance.

If you are considering trading with Roxom, we strongly advise you to proceed with extreme caution. First, verify the licence directly on the FSA Seychelles website, using the licence. Second, start with a small deposit that you can afford to lose entirely — never trade with money you cannot afford to lose.

Third, test the withdrawal process early, with a small amount, to ensure that funds can be returned. Fourth, read the full terms and conditions, especially the sections on fees, custody, and dispute resolution. Finally, consider whether the platform's unique Bitcoin-native model is right for you.

If you are not already a Bitcoin holder, the added complexity and volatility may not be worth the risk. For most retail traders, a broker regulated in a major jurisdiction with a compensation scheme would be a safer choice. Roxom is a niche product for a niche audience, and it carries risks that are not adequately mitigated by its regulatory status.