ANSWER Dear Investor,
Following up on our earlier review (as of August 13, 2025), we note that FXNX(FXNX Global Markets Ltd) has since updated its registration with the Mwali International Services Authority (MISA), the platform’s operating domain is now listed in MISA’s public register, allowing the license claim to be verified.
However, it remains important to recognize that MISA is an offshore regulator with limited oversight and low international recognition. Its regulatory standards fall far short of those upheld by major authorities, and it offers very limited investor protection.
Additionally, FXNX’s incorporation in Saint Lucia, confirmed via the International Financial Centre (IFC), only grants it International Business Company (IBC) status, which is not a financial license and carries no authorization for forex or CFD trading.
While the MISA authorisation is now technically verifiable, the overall regulatory framework surrounding FXNX remains weak. We therefore advise continued caution and recommend that you carefully weigh these limitations before considering any trading activity with this broker.
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