FSASeychellesTier 3Licence number
SD059
View licence record- Licence holder
- Held by fivehills
- Licence type and regime
- Dealing in securities
- Offshore
LimitedChecked
At a glance
Regulation on record for fivehills
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 0
- Found on an official register
- 1
fivehills has one licence on record with Wikilix, issued by one authority across one jurisdiction. None was issued by a tier-1 or tier-2 authority. We located 1 of 1 on the issuing authority’s own register.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for fivehills, strongest authority first.
1 record
- FSASeychellesTier 3
Check it yourself
Look these up on the official registers
Each authority below publishes a register you can search. The name a register prints is often a separate legal entity, not the trading brand — search for the name given here.
- FSA registerOpen register
Protection
What this licence protects
FSA's own rules for the firms it authorises.
- No compensation scheme
- Complaints routeFSA Enquiries
- Maximum leverage1:1000
Frequently Asked Questions
Questions about the licences held by fivehills
Answered from the register entries on this page.
Most Popular Questions
The licence-holding company was incorporated on 28 January 2019, giving roughly seven years of corporate history. The company has traded under earlier names before the present one, and the website's copyright line still reads 2023.
The account comparison table states 32 currency pairs, while the Forex page advertises over 61 pairs and the homepage refers to more than 200 instruments across forex, commodities, indices, stocks and futures. The broker does not publish one consistent instrument count.
We found no evidence of fraud. The licence exists, the operating company is a real registered Seychelles entity and the site publishes coherent trading terms. What we did find are transparency weaknesses: the brand on the site differs from the licensed entity name, no office address or phone number is published, some published figures contradict each other, and offshore supervision offers limited recourse. Treat it as higher risk rather than as a confirmed scam.
The broker says client money is held in segregated accounts. There is no statutory investor compensation scheme behind a Seychelles licence, so segregation is a policy claim rather than a guarantee you can enforce through a compensation fund.
Live chat and email at service@oexsecurities.com are offered Monday to Sunday, 24 hours, along with Telegram, WhatsApp and Facebook Messenger. No telephone switchboard or office address is published.
The broker states its services are unavailable to residents of the United States, Japan, Canada and North Korea, and that it does not accept applications where local law would prohibit them.
Yes. An ISLAMIC account is published with the same USD 100 starting deposit, 1:500 leverage and no commission, quoting spreads from 1.1 pips.
The site advertises fast withdrawals and instant processing on its funding channels but publishes no specific withdrawal processing time, no minimum or maximum amounts and no fee schedule. Test with a small withdrawal before committing meaningful capital.
Credit and debit cards, Perfect Money and bank transfer are live and each is described as instant. Neteller VIP, Skrill and UnionPay are listed as coming soon. The broker says it charges no deposit or withdrawal fees, though your own bank may, and it does not accept payments from third parties.
MetaTrader 4 only, available as a desktop download, on mobile and through WebTrader. The broker states its MT4 servers are in London and that you may run your own Expert Advisors.
The ECN account quotes spreads from 0.0 pips with a commission of USD 3.50 per USD 100k per side, that is USD 7.00 per lot round turn. The ISLAMIC and STANDARD accounts quote spreads from 1.1 pips with no commission, and the BASIC account from 1.5 pips with no commission.
Up to 1:500 on every published account type. High leverage magnifies losses as much as gains, and an offshore licence does not oblige the broker to offer negative balance protection.
The published account comparison shows a starting deposit of USD 100 on all four accounts: ECN, ISLAMIC, STANDARD and BASIC. Note that the site's own FAQ page contradicts this by describing a Standard account with no minimum and a Pro account at USD 500, so confirm the figure with support before funding.
The website footer names OEX Securities Limited as the operator. The licence and the company records point to Fivehills Securities Limited, a Seychelles company incorporated on 28 January 2019 with registration number 8424940-1, registered at C/O Archipel Corporate Services Ltd, 1st Floor Dekk House, Zippora Street, Providence Industrial Estate, Mahe, Victoria. The two names do not match, which is worth asking the broker about before depositing.
fivehills has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
fivehills holds licence records issued by FSA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
None of the licence records held by fivehills comes from a tier-1 or tier-2 authority.
We located 1 of the 1 licence records held by fivehills on the issuing authority’s own register. Every entry has been looked up. An unchecked entry is a gap in our coverage, not a finding against the licence.
fivehills has licence records in Seychelles. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.