Brokers  /  FOREX

FOREX

Severe risk
🇺🇸 United States · 2-5 years · since 2023-01-05 · FOREX
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.44/10
Trustpilot/5
Forex Peace Army/5
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🇺🇸
No sign that FOREX actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
85
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age4515%
Clone / impersonation10012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameFOREX
Headquarters🇺🇸 United States
Founded2023-01-05
Years operating2-5 years
Employees0
Official websiteapplication.jszhanghao.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

FOREX is an unregulated broker with a severe scam risk score of 85/100, lacking any verifiable public information. The inconsistency between its claimed US registration and Chinese domain, along with the absence of regulatory oversight, makes it extremely dangerous for retail traders. Without proof of licensing or operational transparency, engaging with this entity poses a high probability of financial loss.

Best for
  • None
Not for
  • Any traders seeking regulated brokers
  • Traders requiring transparency
  • Investors with low risk tolerance
Period:

Real user reviews

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About FOREX

Overview

FOREX is a broker entity registered in the United States, claiming a foundation date of January 5, 2023. Its official website is listed as 925cbl.cn, which is a domain registered in China, creating a geographic inconsistency with its stated country of registration. The broker presents itself under the generic name 'FOREX,' which is a common term for the foreign exchange market, offering no distinctive branding.

As of the time of this review, independent public information about FOREX is extremely limited. No official website content, marketing materials, or client testimonials were available for verification. This lack of transparency is a significant red flag for potential traders, as reputable brokers typically provide detailed information about their services, licensing, and operational history.

Regulation and Safety

Our records indicate that FOREX does not hold any regulatory licenses from recognized financial authorities. The absence of regulation is a critical concern, as it means the broker operates without oversight from bodies such as the U.S. Commodity Futures Trading Commission (CFTC), the Financial Conduct Authority (FCA), or other major regulators. Unregulated brokers pose a high risk to clients, who have no recourse if disputes arise.

Furthermore, the broker's high Scam Risk Score of 85/100 (Severe) reflects the combination of no regulation, limited public presence, and the mismatched domain and registration country. Traders should be extremely wary of depositing funds with any entity that cannot demonstrate compliance with strict financial standards.

Trading Platforms and Instruments

Due to the lack of verifiable information, it is unclear what trading platforms or instruments FOREX offers. Most retail forex brokers provide access to MetaTrader 4 or 5, proprietary platforms, or web-based interfaces, but without official data, we cannot confirm. The range of tradable assets—whether forex pairs, commodities, indices, or cryptocurrencies—remains unknown.

This information void is highly unusual for a broker that claims to serve retail clients. Typically, brokers list their platform and instrument offerings prominently on their websites. The absence of such details suggests either a lack of operational readiness or an intention to obscure critical information from potential users.

Account Types and Conditions

No account types, minimum deposit requirements, leverage options, or spread structures can be attributed to FOREX with any certainty. In the absence of official data, we cannot evaluate cost competitiveness or suitability for different trading styles. Common account tiers like standard, mini, or ECN accounts may be offered, but this is speculative.

Potential clients should note that unknown account conditions can lead to unexpected fees or unfavorable trading terms. For example, hidden commissions, withdrawal limits, or restrictive bonus policies are typical pitfalls with unregulated brokers. Without transparent terms, it is impossible to assess the true cost of trading with FOREX.

Deposits and Withdrawals

There is no public information regarding payment methods, processing times, or fees for deposits and withdrawals with FOREX. Reputable brokers usually offer a variety of funding options, including bank transfers, credit cards, and e-wallets, and clearly disclose their policies. The complete silence on this crucial aspect is alarming.

Traders should be aware that unregulated brokers often impose restrictive withdrawal policies, such as high minimum amounts or prolonged processing periods. In worst-case scenarios, clients may face difficulty retrieving their funds. Without regulatory oversight, there is no guarantee that deposited money is segregated or protected.

Customer Support

No customer support channels—such as phone numbers, email addresses, or live chat—are known for FOREX. The broker's website, if functional, does not appear to provide these details. Effective customer support is essential for addressing trading issues, account queries, and technical problems.

The lack of accessible support is a strong indicator of a low-quality or potentially fraudulent operation. Legitimate brokers invest in multiple communication channels to assist clients. The absence of such infrastructure suggests that FOREX may not be fully operational or intends to minimize accountability.

Conclusion

FOREX presents a high-risk profile due to its lack of regulation, limited public information, and inconsistency between its claimed jurisdiction and domain registration. The broker's severe Scam Risk Score further underscores the dangers of engaging with this entity. Traders are strongly advised to avoid any dealings with FOREX until verifiable proof of licensing and transparent operations is provided.

Given the abundance of regulated and well-established forex brokers, there is no reason to consider such an opaque and unregulated alternative. Due diligence and caution are paramount when selecting a broker, and FOREX fails the most basic tests of credibility and safety.

Overview compiled by FXCanary from regulatory records and public data. full FOREX review