FOREX.com

FOREX.com, operating under the domain yingshengjx.cn, is an entity registered in Canada as of February 1, 2023. Despite its name, which closely resembles the globally recognized FOREX.com brand (a division of Gain Capital), this broker appears to be a separate and potentially fraudulent operation. The domain suffix .cn indicates a Chinese registry, which conflicts with the stated Canadian registration.

Our research found no regulatory licences or oversight from any credible financial authority. The FXCanary Scam Risk Score of 85/100 (Severe) underscores the high likelihood of this being an unregulated or deceptive entity. Traders should exercise extreme caution, as there is no verified information regarding its services, security, or legitimacy.

The broker claims no regulatory oversight on our records, and no licences from bodies such as the FCA, ASIC, or others were identified. This is a major red flag, as regulated brokers are required to adhere to strict standards for client fund protection and transparency.

Without a credible regulator, investors have no recourse in case of disputes or financial loss. The absence of any verifiable regulatory information further confirms the high risk associated with this broker.

Given the mismatch between the broker’s name and domain, along with its recent establishment date and lack of regulation, there is a strong possibility of impersonation or fraud. The real FOREX.com is a well-established broker; this entity likely aims to confuse or deceive traders.

No independent reviews or client testimonials were found, which is common for new or fraudulent brokers. The lack of transparency in ownership and operations adds to the risk profile. Traders are strongly advised to avoid any engagement with this firm until its legitimacy is verified.