ANSWER Dear Investor,
OXO Markets should not be considered a legitimate brokerage for retail trading.
It states it operates under OXO Markets Limited, which is registered with the Saint Lucia International Financial Centre (IFC). While this entity does appear in the IFC registry, it holds only International Business Company (IBC) status. Importantly, the Saint Lucia IFC does not regulate or license forex brokers, nor does it provide investor protection mechanisms.
Beyond this IBC registration, OXO Markets is not licensed by any recognized financial authority worldwide, leaving client funds entirely unprotected. The absence of proper oversight is a common tactic among unregulated or deceptive platforms. Given these red flags, we strongly recommend avoiding any financial engagement with OXO Markets to safeguard your capital and personal information.
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