Fxonet claims to be operated by Fxonet Ltd and regulated by the MWALI International Services Authority (MISA) under license number BFX2024049. Although the license does correspond to a company named Fxonet Ltd, the official domain listed in the registry is https://www.fxonetltd.com/. Upon visiting this website, it becomes evident that its content and design are entirely different from the platform. This mismatch strongly suggests that the Fxonet platform in question may have used the credentials of the legitimate Fxonet Ltd to falsely present itself as a regulated entity. Such practices are common among scam operations. Therefore, it is a fraud.