About FOREX
About the Broker
FOREX is a trading name associated with the domain jshengcoin.vip, registered in China in July 2021. The broker presents itself as a platform for forex and possibly cryptocurrency trading, though its website and operational details remain largely opaque.
Our review is based on publicly available regulatory records, which show no licence or authorisation from any known financial authority. The broker's physical presence and corporate structure are not disclosed, adding to the difficulty of verification.
Regulation and Safety
According to our records, FOREX holds no regulatory licence from any recognised financial watchdog. This absence of oversight means traders have no recourse to compensation schemes or independent dispute resolution.
The FXCanary Scam Risk Score of 85/100 (Severe) reflects this lack of regulation, coupled with the broker's short operating history and the generic nature of its name, which can be easily confused with other entities.
Account Types and Trading Conditions
No specific account types, minimum deposits, or leverage details are available from official sources. The broker's website, jshengcoin.vip, may list trading conditions, but we were unable to independently verify them.
Given the lack of transparency, traders should be extremely cautious when considering any trading relationship. Without verified spreads, commissions, or execution policies, it is impossible to assess the cost and fairness of trading with FOREX.
Deposits and Withdrawals
Information on deposit and withdrawal methods is not publicly documented in reliable records. The broker may accept cryptocurrencies or bank transfers, but no details have been confirmed.
The absence of clear funding procedures raises significant concerns about the safety of client funds. Unregulated brokers often impose restrictive or opaque withdrawal policies, which can lead to delays or loss of capital.
Target Audience
FOREX appears to target retail traders, likely those in Asia given its China registration. However, the lack of regulatory licence makes it unsuitable for traders who prioritise security and legal protection.
The broker's high-risk profile suggests it is not appropriate for novice traders or those seeking a reliable, transparent trading environment.
Overview compiled by FXCanary from regulatory records and public data. full FOREX review