BXB Market Review: Legit Broker or Just Another Scam?

Today, we present to you BXB Market — a story about a broker licensed by MISA. A long time ago, the very fact of having any kind of license was considered a guarantee of honesty and strict fulfillment of obligations. But times have changed, and now we see a platform that claims to be regulated yet fails to return clients’ money. We are convinced that this will also be the case with this virtual company, and you will find the arguments supporting this point of view below.

Does BXB Market Show Any Risk Factors?

The broker carefully creates the image of a legal business. On its website, we see how it almost proudly declares that it is operated by Dynamix Ltd, registered on Mwali (Comoros Union), and, to sound more convincing, even provides the full address and registration number HT00525050. The website also displays the license number BFX2025065, issued by the local financial regulator, MISA (Mwali International Services Authority). There is more than enough official data for verification.

Of course, we checked the records in the MISA registry and confirmed that the company does exist. It owns the website bxbmarket.com and, accordingly, the broker BXB Market. It also holds the license with the indicated number. However, there is one nuance — the company was registered on June 12, 2025, and the license was issued the same day. That means it is not even four months old. You’ll agree that less than four months is far too young for a platform that pretends to deserve the trust of the trading community.

The official information about the broker’s website also raises some questions. According to the whois service, 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. In fact, the true launch of the project can be considered the date of its last update — May 27, 2025. It turns out the owners did everything almost simultaneously — they bought the domain, set up the website, submitted documents for registration on Mwali, and obtained the local license. Against this background, the choice of a company name different from the broker’s name looks somewhat strange. But of course, Alex Daniel Scortescu, who seems to have concentrated all executive positions in his hands, must have had his own reasons.

Interestingly, within just a couple of months, the platform has already managed to acquire a rather controversial reputation online. For instance, on thematic portals such as Personal Reviews, BXB Market has already been reviewed, with serious problems noted (for example, hidden trading conditions). At the same time, timidly appearing on social networks are the first laudatory posts, where authors enthusiastically call it a “new reliable broker.” The content of these posts leaves no doubt — there is zero objectivity. They are either paid for or published by the project’s staff.

Let’s Break Down the Jurisdiction

By the way, we recommend treating with skepticism any broker that talks about full regulation and cites a MISA license as proof. Yes, it is an official document, but how much can it really be trusted?

The main financial regulator of the country, the Central Bank of the Comoros (Banque Centrale des Comores, BCC), in its official statement of June 15, 2022states that MISA is a commercial organization that registers and issues licenses to companies without carrying out any verification procedures, simply upon payment. The BCC calls these documents fictitious. From the perspective of even the local (Comoros Union) legislation, brokers operating under a MISA license are engaged in illegal activities. However, the organization itself refers to the autonomous status of Mwali (Moheli) and claims it has full authority to license and regulate any financial institutions, including banks and brokerage firms.

Naturally, MISA licenses are not recognized by experts or by financial institutions (including regulators). This is not only due to their questionable official status but also because of the lack of adequate protection for traders’ rights and interests. The problem is that brokers are not required to:

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

What Does the Bxbmarket.com Website Reveal?

We were not impressed with the broker’s official website. And it’s not about the design — the designers did a decent job. It’s worth noting that they managed to implement a classic layout almost flawlessly:

• A light background, contrasting text, and clearly highlighted control elements make browsing the pages quite comfortable.
• The images, though not always thematic, are original and create the right mood.
• The absence of animation does not look like a drawback, but rather adds a sense of solidity to the site.
• A light background, contrasting text, and clearly highlighted control elements make browsing the pages quite comfortable.
• The images, though not always thematic, are original and create the right mood.
• The absence of animation does not look like a drawback, but rather adds a sense of solidity to the site.

Additionally, the site deserves high marks for optimization: pages load extremely quickly. The only issue is the overall organization and navigation. They are not very logical, so users will have to search for the information they need.

However, things are not that simple. A closer look at the site convinced us that it is based on a fairly common template (for example, the same one was used for the broker Finnso). Turning it into a web resource of a serious regulated broker is a task for true professionals. Apparently, BXB Market does not have such professionals on staff. As a result, what looked quite attractive turned into ‌poorly-informative copy, unlikely to interest any internet users.

• Take, for example, the Markets page under the Trading menu. Each available market is described in exactly two sentences. Do you think that’s enough to get even a general idea of them? There is no space for a list of trading instruments or contract specifications at all. How much value can users get from such content?
• The About Us page says absolutely nothing about the company. Yes, there are some words, but their value is zero. Instead of important information about the company’s founding, history, financial condition, etc., there are dull phrases about anything: safety, the terminal, trading accounts (for the third time on the site). In short, the project owners clearly hint: we have nothing to say, there is no company. Well, that’s something to take note of.
• The Announcements page, which promises to publish all company news, is supposedly the most informative. However, it is obvious that no significant events have occurred in the few months since its launch (launch, first clients, etc., apparently do not count). Moreover, broker news would be much more important than, for example, market or economic news, since there are no separate pages for them.
• Take, for example, the Markets page under the Trading menu. Each available market is described in exactly two sentences. Do you think that’s enough to get even a general idea of them? There is no space for a list of trading instruments or contract specifications at all. How much value can users get from such content?
• The About Us page says absolutely nothing about the company. Yes, there are some words, but their value is zero. Instead of important information about the company’s founding, history, financial condition, etc., there are dull phrases about anything: safety, the terminal, trading accounts (for the third time on the site). In short, the project owners clearly hint: we have nothing to say, there is no company. Well, that’s something to take note of.
• The Announcements page, which promises to publish all company news, is supposedly the most informative. However, it is obvious that no significant events have occurred in the few months since its launch (launch, first clients, etc., apparently do not count). Moreover, broker news would be much more important than, for example, market or economic news, since there are no separate pages for them.

Our goal was not to show the full inadequacy of the site’s content, but rather to draw potential clients’ attention to how the firm treats its “face” on the internet. We believe you can draw your own conclusions: there is no sign of professional staff training. And these are precisely the people who will advise you on opening trades and funding accounts. The quality of these consultations is already evident.

Is the Broker Offering Fair or Risky Terms for Traders?

BXB Market claims to offer competitive trading conditions. However, it did not intend to publish these conditions. Let’s be clear‌ — ‌contract specifications, which are the main source of information for experienced traders, are completely absent here. Some information can be found on the account types page and in legal documents, particularly the Terms & Conditions.

The broker has only three account plans: Silver, Gold, and Platinum. According to the company, they differ only in trading costs: Gold and Platinum accounts have discounts on spreads (40% and 60%) and swaps (50% and 75%) compared to the base Silver account.

The other conditions are the same for all:

• Maximum leverage: 1:200.
• StopOut level: 5%.
• Minimum trade volume: 0.01 standard lots.
• Maximum leverage: 1:200.
• StopOut level: 5%.
• Minimum trade volume: 0.01 standard lots.

Although the three-tier account system is simple and understandable, there are still reasons to be concerned:

• Leverage size. A 1:200 leverage for a retail client is far too high; the risks become unacceptable. For example, in countries with strict regulation (EU, UK, Australia), the maximum leverage is limited to 1:30–1:50 to protect investors from instant losses. Here, the offered leverage is several times higher. This is a classic approach of scam brokers, who are interested in making the trader lose their deposit as quickly as possible. Fortunately, MISA does not control such matters.
• StopOut level. Regulated companies set it between 20–50% to avoid restricting a trader’s freedom during drawdowns while still partially protecting their capital. A 5% threshold means the client will lose almost the entire deposit before the system closes positions. This is not a concern for the trader; on the contrary, it “helps” them lose as much money as quickly as possible.
• Lack of information on trading costs. BXB Market talks about “discounts” on spreads and swaps but nowhere discloses their base values. What exactly should the discount percentages be calculated from? For example, if the EURUSD spread is 4 pips (we do not know the exact value; this is illustrative), even with the broker’s generous offers, the result would still be worse than on most licensed platforms. There is also no information on the broker’s commissions. All of this makes it impossible to estimate trading costs and potential deal profitability, even approximately. Under such conditions, we would never open accounts with this company.
• Leverage size. A 1:200 leverage for a retail client is far too high; the risks become unacceptable. For example, in countries with strict regulation (EU, UK, Australia), the maximum leverage is limited to 1:30–1:50 to protect investors from instant losses. Here, the offered leverage is several times higher. This is a classic approach of scam brokers, who are interested in making the trader lose their deposit as quickly as possible. Fortunately, MISA does not control such matters.
• StopOut level. Regulated companies set it between 20–50% to avoid restricting a trader’s freedom during drawdowns while still partially protecting their capital. A 5% threshold means the client will lose almost the entire deposit before the system closes positions. This is not a concern for the trader; on the contrary, it “helps” them lose as much money as quickly as possible.
• Lack of information on trading costs. BXB Market talks about “discounts” on spreads and swaps but nowhere discloses their base values. What exactly should the discount percentages be calculated from? For example, if the EURUSD spread is 4 pips (we do not know the exact value; this is illustrative), even with the broker’s generous offers, the result would still be worse than on most licensed platforms. There is also no information on the broker’s commissions. All of this makes it impossible to estimate trading costs and potential deal profitability, even approximately. Under such conditions, we would never open accounts with this company.

What else deserves attention? The minimum deposit size is unknown for any of the account tiers. Will clients have to pay hundreds of thousands of dollars for these “generous discounts”? However, in the documents, we did find the minimum deposit: €250, most likely for the Silver account. The requirements for the other accounts remain unknown. Another question arises: why does a company registered and licensed in Africa use the euro as its account currency? Or were the documents borrowed from some European broker (such as Finnso) and no effort was made to adapt them?

Technical Support Analysis of BXB Market

We haven’t seen such minimalism in contact information from a broker in a long time. On the highly informative Contacts page of BXB Market, there are only:

• A feedback form.
• An email address.
• Phone numbers with a UK, Japan, and India codes.
• A feedback form.
• An email address.
• Phone numbers with a UK, Japan, and India codes.

Of course, it’s strange to see a company with an address in the Comoros Union listing European and Asian phone numbers. However, there is a simple explanation:

• The Comoros address does not mean the company has an office. Look closely, it’s just a P.O. Box (P.B. 1257). You won’t find any physical representatives of the broker there. By the way, we know several dozen platforms registered at this same address. Obviously, the intermediary providing services is quite economical and unimaginative.
• The phone numbers provided are VoIP numbers, meaning they are essentially virtual as well.
• The Comoros address does not mean the company has an office. Look closely, it’s just a P.O. Box (P.B. 1257). You won’t find any physical representatives of the broker there. By the way, we know several dozen platforms registered at this same address. Obviously, the intermediary providing services is quite economical and unimaginative.
• The phone numbers provided are VoIP numbers, meaning they are essentially virtual as well.

No office, no real phone. Apparently, the company itself doesn’t exist either. Formally it exists, but in reality, it is represented only by a website. This is exactly the level of broker one would “want to trust” (sarcasm intended).

Trust is further weakened by the absence of social media profiles. We get the impression that the entire staff of this virtual firm is one, maybe two people at most. What kind of support can one expect in such a case? What kind of trading organization? What kind of profit?

Strengths and Weaknesses

• Formal registration and license, which create the appearance of legal activity.
• The official website is fairly well-designed.
• Formal registration and license, which create the appearance of legal activity.
• The official website is fairly well-designed.

• The company has existed for less than two months and is too young to be trusted.
• The MISA license is not recognized by experts or regulators. One cannot speak of the owner’s legal operation.
• Trading conditions are almost entirely opaque.
• Stop-out at 5% and leverage of 1:200, parameters that make trader risks extreme and losses almost certain.
• The company exists only online, and even its contact points are virtual.
• The company has existed for less than two months and is too young to be trusted.
• The MISA license is not recognized by experts or regulators. One cannot speak of the owner’s legal operation.
• Trading conditions are almost entirely opaque.
• Stop-out at 5% and leverage of 1:200, parameters that make trader risks extreme and losses almost certain.
• The company exists only online, and even its contact points are virtual.