ANSWER OXIAG is not a licensed or regulated broker even though it states offers that look good to be true. 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 (FCA) issued a warning that OXIAG was providing financial services or products in the UK without authorisation. You can check the full warning from here.The truth is, OXIAG is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like OXIAG and trade with licensed brokers.
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