OXIAG claims to be regulated by MSFA and FSC. However, MSFA is not a forex regulator that really exists, so it can not be a piece of valid regulatory information. Furthermore, there are several names of forex regulators that can be abbreviated to FSC and the broker does not mention the specific one, making people hard to check its license.
Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that OXIAG was providing financial services or products in the UK without authorisation.
The truth is that OXIAG is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
OXIAG claims to be regulated by MSFA and FSC. However, MSFA is not a forex regulator that really exists, so it can not be a piece of valid regulatory information. Furthermore, there are several names of forex regulators that can be abbreviated to FSC and the broker does not mention the specific one, making people hard to check its license. Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that OXIAG was providing financial services or products in the UK without authorisation. The truth is that OXIAG is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.