BXB Market Review: Legit Broker or Just Another Scam?

Today we present the BXB Market review — an overview of a broker holding a license from MISA. The presence of any license may serve as a sign of credibility and careful fulfillment of obligations. However, offshore regulatory documents have recently lost some of their value in the eyes of traders, which makes it necessary to take a closer look at the platform’s offerings and the key aspects of its operations. We have thoroughly analyzed this project and are ready to share our findings.

Does BXB Market Show Any Risk Factors?

The broker confidently claims to operate legally on its official website. The pages state that it is managed by Dynamix Ltd, registered in Mwali (Union of Comoros), and provide a full address along with the registration number HT00525050. License number BFX2025065, issued by the local financial regulator MISA (Mwali International Services Authority), is also listed. There is more than enough official data available for verification.

We checked the records in the MISA registry and confirmed that the company does indeed exist. It owns the website bxbmarket.com and, accordingly, operates the BXB Market broker. It also holds a license with the specified number. The company was registered on June 12, 2025, and the license was issued on the same day. Approximately nine months have passed between that moment and the time of preparing this bxbmarket.com review. In an industry with intense competition, such a period can already be considered a meaningful milestone.

Official information about the broker’s website also provides some insights. According to WHOIS data, the domain was registered back in February 2023.

However, in 2023–2024 it was parked for free, as confirmed by snapshots from the Web Archive service. In fact, the project’s launch can be considered June 2025, when the first snapshot of a fully functional website appeared. This suggests that the owners acted simultaneously — acquiring the domain, launching the website, and submitting documents for registration in Mwali and obtaining the local license. Such determination from Alex Daniel Scortescu, who is the owner of the company and appears to hold multiple executive roles, is noteworthy.

In nine months, the platform has managed to build a certain level of online reputation. For example, 35 reviews have appeared on Trustpilot during this time. An average of one review per week is quite typical for a relatively young company, especially considering that the majority of authors rate it very highly. There are also numerous mentions on social media and informational platforms describing BXB Market as a reliable broker.

Overall, we are looking at a classic modern setup: an offshore company with a local regulator’s license and a website that started operating just a few months ago. Its pages promise transparency, reliability, security, and full regulation. At least for now, we have not found evidence to contradict these claims, and in a highly competitive environment, this alone may be enough to draw attention to the project.

Let’s Break Down the Jurisdiction

By the way, the current situation is such that offers from any broker claiming full regulation and citing a MISA license as proof are viewed with considerable skepticism. Yes, it is an official document‌ — ‌but how much trust can actually be placed in it?

The country’s main financial regulator, the Central Bank of the Comoros (Banque Centrale des Comores, BCC), states that MISA is a commercial organization that registers companies and issues licenses without conducting any proper verification procedures, essentially upon payment. The BCC considers such documents to be fictitious. From the standpoint of even local (Union of Comoros) legislation, brokers operating under MISA licenses are engaged in illegal activity.

At the same time, the organization itself refers to the autonomous status of the island of Mwali (Moheli) and claims it has full authority to license and regulate any financial institutions, including banks and brokerage companies. This creates a clear conflict of interest between entities of different levels of authority. We do not have sufficient information to take either side in this dispute‌ — ‌and that is not our task. Our goal is to assess BXB Market, which holds authorization documents issued by MISA, and evaluate its reliability.

Naturally, this license — like any other issued by an offshore regulator — falls significantly short of documents from Tier-1 authorities such as the UK’s FCA or Australia’s ASIC. It is generally accepted that such licenses do not provide an adequate level of protection for traders’ rights and interests. This is largely because brokers are not required to:

• Keep client funds in segregated accounts.
• Participate in compensation schemes.
• Provide and disclose financial statements, etc.

However, it is important to remember that the “passporting” of licenses issued within the European Union applies only to the EU and EEA territories, while most licenses from other reputable regulators are valid within a single jurisdiction. Moreover, their requirements are quite strict, and clients from other regions often face significant difficulties when opening accounts with brokers regulated by them. In this context, offshore licenses‌ — ‌including those issued by MISA‌ — ‌can be seen as a practical compromise. 

They allow companies to operate within a legal framework while not discouraging clients from regions such as Latin America or Southeast Asia. Ultimately, the safety of funds and the quality of service depend on choosing the right broker: there are known cases of scams even among European-licensed firms, as well as reputable platforms with millions of clients operating under MISA-issued documents.

What Does the Bxbmarket.com Website Reveal?

The official website leaves a positive impression. It is fair to say that the designers have done a solid job. The classic layout has been implemented almost flawlessly:

• A light background, contrasting text, and clearly highlighted interface elements make navigation comfortable.
• The images, while not always directly related to the topic, are original and create the right atmosphere.
• The absence of animation does not feel like a drawback; instead, it adds a sense of solidity.

At the same time, the optimization deserves praise: pages load extremely quickly. The only notable drawback is the overall structure and navigation. They are not entirely intuitive, so users may need some time to locate specific information.

A more detailed examination of the website shows that it is built on a fairly common template. Turning such a foundation into a solid, regulated broker’s web resource is a task for true professionals. Apparently, BXB Market has managed to find such specialists. As a result, what initially looked attractive turns out to be quite solid in terms of content as well.

• Take, for example, the Markets section in the Trading menu. Here you will find concise yet informative descriptions of each available market. Do you think that’s not enough to get at least a general understanding? Want to see a list of trading instruments and contract specifications? The broker is well aware of such requests and has published the relevant document on the Legal page. Meanwhile, the Markets section remains an overview page, providing a general introduction.
• On the About Us page, you won’t find dull details about the company’s founding, history, or financial condition. Instead, it focuses on the safety of funds and transactions, the web terminal and mobile applications, and trading accounts (with links to more detailed descriptions). In other words, the project’s owners clearly emphasize not themselves, but how they support the client’s trading process.
• The Trading Platform page offers a brief yet fairly informative presentation of the terminal. Of course, this is not a full review or a user manual, but that is not its purpose. A potential client only needs to understand how convenient the main trading tool is and whether it meets their expectations.

Note! It is worth paying attention to the fact that the company does not accept traders from all jurisdictions. For example, residents of European countries, the United States, the United Kingdom, etc., have no chance of registering. This is due to the specifics of the offshore license mentioned earlier.

We mentioned registration for a reason: the process is multi-step and quite complex. During it, a new client is required to provide:

• A maximum amount of personal data (including TIN).
• Completion of a questionnaire covering trading experience and available investment funds.
• Verification of personal data.

Optionally, at the final stage, users may even fund their deposit. This approach from BXB Market raises some questions. The regulator that issued its license does not impose such strict requirements, yet here we see requests similar to those of companies operating under European licenses. We do not consider this level of KYC excessive or the complexity of registration unjustified. The real question is: why does the broker need such an extensive set of information? Perhaps further analysis of its operations will provide the answer.

Is the Broker Offering Fair or Risky Terms for Traders?

BXB Market claims to offer competitive trading conditions. However, we can only assess how competitive they truly are after examining the broker’s offerings in detail. Some of the relevant data can be found on the account types page and in the legal documents. That is exactly where we began our analysis.

The broker offers only three account tiers: Silver, Gold, and Platinum. Based on the information provided, the only difference between them lies in trading costs: Gold and Platinum accounts receive discounts on spreads (40% and 60%) and swaps (50% and 75%) compared to the base Silver account.

All other conditions are identical:

• Maximum leverage: 1:200.
• StopOut level: 5%.
• Minimum trade size: 0.01 standard lot.

The three-tier account structure is simple and clear, but there are several points worth discussing:

• Leverage level. A ratio of 1:200 is quite high for retail clients, and the associated risks may be excessive. In strictly regulated jurisdictions (EU, UK, Australia), leverage is typically capped at 1:30 to protect investors from rapid losses. Here, the offered level is significantly higher. Many experts and traders highlight this parameter, although it is important not to jump to conclusions.
• StopOut level. Many brokers set this within the 20–50% range to balance trader flexibility with partial capital protection. A 5% threshold means the client can hold positions longer, as the broker will not close them prematurely‌ — ‌effectively delaying the conversion of unrealized losses into realized ones.
• Lack of transparency on spreads and swaps. BXB Market refers to “discounts” but does not provide the base values in the account comparison tables. Discounts must be calculated from something. For example, if the EUR/USD spread were 4 pips (purely illustrative), even generous discounts might still leave conditions less favorable than those of competitors. If, however, the base spread were closer to 2 pips, trading conditions could be more attractive. Without clear baseline figures, it is difficult to assess.

So far, we have relied on a single source — the account type descriptions on the website. However, there is another important document: Contract Specifications, available on the page Legal (mentioned earlier).

This document fills in the missing details. It includes:

• Swap rates (Short/Long) for each trading instrument.
• Margin requirements.
• Minimum and maximum trade volumes.
• Trading hours, etc.

We would particularly like to highlight the margin requirements. There are two levels: retail traders: 3.33%, professional traders: 0.5% Accordingly, maximum leverage is also tiered: 1:30 for retail clients and 1:200 for professionals. This largely resolves concerns about excessive risk‌ — ‌most users are subject to stricter limits, while those qualifying as professionals are expected to understand and apply risk management principles effectively.

Note! This also explains the complexity of the registration process and the inclusion of questionnaires. The broker uses this information to assign appropriate client statuses.

The issue of baseline values for calculating trading costs is also clarified in this document. Overall, BXB Market provides fairly comprehensive disclosure of its trading conditions, even though its regulator does not require such transparency. The broker’s effort to align with stricter industry standards — typically associated with top-tier regulators — can be viewed positively.

Technical Support Analysis of BXB Market

The set of contact details provided by this broker can be described as minimally sufficient. On the Contacts page of the BXB Market website, you will find:

• A feedback form.
• Support phone numbers with country codes for the United Kingdom, India, Bangladesh, and Japan.
• An email address.

The registered address in the Union of Comoros can be found in the footer of the website pages. Of course, it may seem unusual to see a UK phone number associated with a company registered far from the UK. However, there is a simple explanation:

• A Comoros address does not necessarily mean the company has a physical office there. If you look closely, it is merely a P.O. Box (P.B. 1257). This is a common practice for offshore firms. Their actual offices are usually located elsewhere, while virtual addresses are sufficient for registration purposes.
• UK phone numbers are among the most widely used internationally. In addition, many of them allow clients to contact support free of charge or make calls via VoIP networks.

Moreover, users from regions where the company has its main audience can use local phone numbers.

Attentive users may notice that the company does not provide links to its social media profiles. While this is a drawback, it is not particularly significant for a young broker (recall that the company is less than a year old). At this stage, the platform likely has sufficient user registrations, and expanding outreach through social media can always be done later.