Wikilix
Licence record

FSA licence SD059

Holder
fivehills
Jurisdiction
Seychelles
Licence type
Dealing in securities
Last checked
Aug 15, 2026

This is Wikilix's record of a licence issued by The Seychelles Financial Services Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Sep 10, 2026

Licence Verification Record

The Seychelles Financial Services Authority SD059

Wikilix read the FSA register on Aug 15, 2026. This is what it said.

Issuing authority
The Seychelles Financial Services Authority
Holder
OEX Securities Limited
Jurisdiction
Seychelles
Licence type
Dealing in securities
Register status
Active, but held in the name Fivehills Securities Limited rather than the OEX Securities Limited name used on the website

Checked Aug 15, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/the-seychelles-financial-services-authority/fivehills/sd059Fields on file 8 / 11

Open fivehillsAbout FSA
Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 3
Jurisdiction
Seychelles
Last checked
Aug 15, 2026
Register says
Active, but held in the name Fivehills Securities Limited rather than the OEX Securities Limited name used on the website

Finding

A Securities Dealer licence issued under the Seychelles Securities Act, which permits dealing in securities and holding client funds. It is a genuine government licence but from a low tier offshore supervisor. Client protection: Requires segregated client accounts, but there is no statutory investor compensation scheme. If the firm fails there is no fund that repays clients..

Exhibit

Register screenshot, captured Aug 15, 2026
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
SD059
Licence type (Wikilix classification)
Dealing in securities
Register status
Active, but held in the name Fivehills Securities Limited rather than the OEX Securities Limited name used on the website
The authority

About FSA

The Seychelles Financial Services Authority is the authority that issued this licence, and the jurisdiction it applies in is Seychelles.

Full name
The Seychelles Financial Services Authority
Jurisdiction
Seychelles
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2013
Oversight
A government or statutory body
Firms we track under it
143 firms
Regulates
Stocks, Fund
Licences it issues
Securities Dealer – Principal & Agency
Typical cost of a licence
USD 10000-20000
Public register
Searchable by the public
Transparency
Low

FSA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

FSA's own rules for the firms it authorises.

  • No compensation scheme
  • Complaints routeFSA Enquiries
  • Maximum leverage1:1000
This describes the authority's regime, not how fivehills applies it.
The holder

Who holds this licence

The licence above is recorded against fivehills. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
OEX Securities Limited
Based in
Seychelles
Operating
5-10 years
Wikilix score
32.2the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Fivehills Securities LimitedSeychelles · Reg. 8424940-1 · Jan 28, 2019
  • OEX Securities LimitedSeychelles
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

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.

Yes, but only offshore. The website states that OEX Securities Limited is authorised and regulated by the Seychelles Financial Services Authority under licence SD059. The licence record for SD059 names Fivehills Securities Limited. A Seychelles securities dealer licence is a low-tier permission with no statutory compensation scheme, so it is far weaker protection than an onshore licence.

Licence SD059 was issued by The Seychelles Financial Services Authority (FSA), the financial authority for Seychelles.
fivehills holds this FSA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSA register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates FSA tier 3. Supervision is lighter-touch and client protections vary.
Yes, FSA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
This page links straight to the FSA register. Search it for SD059, and for the name fivehills rather than the trading brand.
Still Need Help?

Can't find what you're looking for?

Our support team is here to help you get the answers you need.