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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