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Oxtrades

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Operating status: SCAM

Website: https://www.oxtrades.com/

Broker violations and abnormal records
  • 2024-08-28 The Belgian FSMA added Oxtrades to its warning list

    On Aug 29, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Oxtrades to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms-0

    On Aug 29, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Oxtrades to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms-0
  • 2024-09-02 BrokersView has reviewed that Oxtrades is an unregulated trading platform

    According to its website, it claims to be registered in Saint Lucia, but it is well known that Saint Lucia does not have the authority to regulate foreign exchange. In addition, it does not show any other valid regulations for inquiry, which is very unreliable. 

    In addition, the Belgian Financial Services and Markets Authority (FSMA) added Oxtrades to its warning list as a fraudulent trading platform.

    In essence, Oxtrades is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Oxtrades appears to be a scam.

    According to its website, it claims to be registered in Saint Lucia, but it is well known that Saint Lucia does not have the authority to regulate foreign exchange. In addition, it does not show any other valid regulations for inquiry, which is very unreliable. In addition, the Belgian Financial Services and Markets Authority (FSMA) added Oxtrades to its warning list as a fraudulent trading platform.In essence, Oxtrades is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Oxtrades appears to be a scam.

Related Complaints

Q&A

Scamster or real? Oxtrades.

Hloni
Indonesia
2024-09-05
ANSWER Dear Investor,We appreciate your trust in BrokersView. Unfortunately, we believe that Oxtrades is a scam.Oxtrades claims to be a St. Lucia-registered broker. However, this registration cannot be considered a valid financial license from a recognized financial regulator. Additionally, St. Lucia is known for its lax regulations and does not license forex trading.Moreover, the Belgian Financial Services and Markets Authority (FSMA) has added Oxtrades to its warning list as a fraudulent trading platform. This is a significant indicator of Oxtrades' fraudulent nature.Therefore, we strongly advise you to avoid using Oxtrades. For a safer trading environment, we recommend choosing fully regulated brokers instead.
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