Proxtrend is a legit broker or not?

https://www.proxtrendltd.com/

Dear Investor,

Proxtrend states that it is operated by Proxtrend Ltd, a company regulated by the MWALI International Services Authority (MISA) under license number BFX2024053. Our investigation confirms that the company is registered with MISA, and the official website aligns with the registered information.

That said, it is important to recognize that MISA is an offshore regulatory body, and its oversight framework has limited international recognition and regulatory rigor. As such, MISA authorization should not be viewed as a robust assurance of regulatory compliance or operational transparency.

We strongly recommend that investors exercise caution when considering any involvement with entities regulated solely by offshore authorities like MISA.