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Oxtrades
Operating status: SCAM
Broker violations and abnormal records
On Aug 29, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Oxtrades to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms-0
On Aug 29, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Oxtrades to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms-0According to its website, it claims to be registered in Saint Lucia, but it is well known that Saint Lucia does not have the authority to regulate foreign exchange. In addition, it does not show any other valid regulations for inquiry, which is very unreliable.
In addition, the Belgian Financial Services and Markets Authority (FSMA) added Oxtrades to its warning list as a fraudulent trading platform.
In essence, Oxtrades is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Oxtrades appears to be a scam.
According to its website, it claims to be registered in Saint Lucia, but it is well known that Saint Lucia does not have the authority to regulate foreign exchange. In addition, it does not show any other valid regulations for inquiry, which is very unreliable. In addition, the Belgian Financial Services and Markets Authority (FSMA) added Oxtrades to its warning list as a fraudulent trading platform.In essence, Oxtrades is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Oxtrades appears to be a scam.
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