About FOREX
Company Overview
FOREX is a broker registered in the United States, with an official domain of vpovbkt.cn. It was founded on March 9, 2023. However, beyond these basic registration details, very little verifiable public information is available about the company's operations, background, or leadership.
The broker's website domain (vpovbkt.cn) does not follow the typical naming conventions of established forex brokers, and the use of a .cn top-level domain may raise questions about its intended market and regulatory compliance. Given the lack of transparency, traders should approach this entity with extreme caution.
Regulatory Status
According to our records, FOREX has no regulatory licences from any financial authority. The absence of regulation is a significant red flag, as it means the broker is not subject to oversight by any recognised body such as the US Commodity Futures Trading Commission (CFTC) or the Financial Conduct Authority (FCA).
Unregulated brokers pose heightened risks to clients, including potential issues with fund security, trade execution, and dispute resolution. Traders are strongly advised to avoid dealing with entities that lack proper licensing.
Products and Services
Due to the limited information available, it is unclear what specific financial products or services FOREX offers. The broker's name suggests a focus on foreign exchange trading, but without access to its website or official documentation, we cannot confirm the range of instruments, account types, or trading platforms.
We were unable to locate any details on minimum deposits, leverage, spreads, or supported payment methods. This lack of transparency makes it impossible to assess the broker's suitability for retail traders.
Risk Assessment
FXCanary's Scam Risk Score for FOREX is 85 out of 100, categorising it as a 'Severe' risk. This high score reflects the broker's complete lack of regulatory oversight, short operating history, and absence of verifiable public information.
Traders should be aware that dealing with such an entity carries a substantial risk of financial loss, fraud, or operational failure. We strongly recommend considering only regulated brokers with a proven track record and transparent operations.
Overview compiled by FXCanary from regulatory records and public data. full FOREX review