Plz check Onfin's regulation.

https://onfin.io/

Dear Investor,

Onfin states that it is regulated by the MWALI International Services Authority (MISA) under license number BFX2024038. Our preliminary investigation has confirmed that the company is officially licensed by MISA, and the details provided, such as its official website, align with the information on file.

However, it is crucial to understand that the nature of MISA is an offshore regulatory body. While it does provide a legal framework for the regulation of financial services firms, its regulatory standards and level of international oversight are significantly more limited compared to major financial authorities in well-established jurisdictions.

Therefore, while Onfin’s MISA regulation may indicate a degree of legal incorporation, it should not be viewed as a strong endorsement of the firm’s credibility or trustworthiness. We strongly recommend that investors should exercise caution when engaging with such entities.