About FOREX
Overview
FOREX is a broker registered in the United States, established on March 30, 2023. The broker operates under the domain ffdyblc.cn, which is registered in China, creating a potential discrepancy in its claimed jurisdiction. According to FXCanary records, the broker holds no regulatory licenses from any recognized financial authority.
Due to the lack of publicly available information and the absence of an operational website accessible during our review, independent verification of the broker's services is not possible. Traders should exercise extreme caution when considering this entity.
Regulation and Safety
FXCanary's research confirms that FOREX is not regulated by any major financial regulator such as the FCA, CySEC, ASIC, or the CFTC. The broker's registration in the United States does not imply licensing; many US-based forex brokers must register with the CFTC and NFA, which FOREX has not done.
Unregulated brokers pose significant risks to clients, including lack of investor protection, potential for misappropriation of funds, and no recourse in case of disputes. The high scam risk score of 85/100 assigned by FXCanary reflects these dangers.
Trading Conditions
Without access to the official website, specific details about account types, spreads, leverage, and trading platforms remain unknown. The broker's name suggests a focus on forex trading, but no instruments, platforms, or funding methods can be confirmed.
Aggregated industry data sources list no user reviews, further indicating the broker's lack of established presence. Traders should consider this absence of information as a red flag.
Overview compiled by FXCanary from regulatory records and public data. full FOREX review