FOREX.com

FOREX.com, operating under the full legal name StoneX Financial Ltd., is registered in the United Kingdom with a founding date of 10 March 2023. The official domain listed in our records is jiasheng-markets.com. However, our independent review found that this domain does not appear to be actively maintained, and there is no verifiable website or social-media presence associated with this entity.

This lack of a functional web presence is a significant concern for any financial services provider, as it limits the ability of potential clients to access information about products, terms, or regulatory status. In FXCanary's assessment, the absence of a verifiable online footprint is a cautionary signal that warrants careful consideration before any engagement.

Our records indicate that FOREX.com holds two licences: one from the Financial Conduct Authority (FCA) in the United Kingdom under licence number 446717, and one from the Cayman Islands Monetary Authority (CIMA) under licence number 25033. Both licences are listed with a status of '—', meaning that the current status is not specified in our records.

We cross-checked these licence numbers against public registers, but due to the low web confidence, we could not independently verify their validity. The FCA is a well-known regulator, and CIMA is also a recognised authority, but the fact that the official website is not accessible raises questions about whether these licences are genuinely held by this entity or if they belong to a different firm with a similar name. Traders should verify any licence numbers directly with the relevant regulator.

FXCanary's Scam Risk Score for this entity is 85 out of 100, which is classified as 'Severe'. This score is based on several risk flags, including being listed as a 'Fake Broker' in industry watchdog records, being identified as a clone or impersonator firm, and having no verifiable website or social-media presence.

These flags indicate that the entity may be misrepresenting itself or attempting to deceive traders by using the name of a legitimate broker. The lack of any verifiable online presence is particularly troubling, as it suggests that the entity may not have a genuine operational footprint. We advise extreme caution when dealing with any entity that exhibits these characteristics.

Due to the lack of a functional website and the low web confidence, we were unable to obtain any specific information about account types, trading platforms, instruments, or funding methods offered by this entity. Our records do not contain any details on these aspects.

This absence of information is itself a red flag. Legitimate brokers typically provide comprehensive details about their offerings to attract and inform potential clients. The fact that no such information is available publicly suggests that the entity may not have a genuine trading operation, or that it is deliberately obscuring its activities. Traders should be extremely wary of any entity that cannot provide clear and verifiable information about its services.

Given the severe risk flags and the lack of verifiable information, it is difficult to determine who this entity is targeting. However, the use of the name 'FOREX.com' suggests an intention to attract retail forex traders, as this name is associated with a well-known global forex broker.

This is a classic tactic used by clone firms: they adopt a name similar to a reputable broker to lure unsuspecting traders. In this case, the entity may be attempting to capitalise on the reputation of the legitimate FOREX.com brand. We strongly advise traders to verify the identity of any broker thoroughly before depositing funds, and to be particularly cautious if the entity's website is not accessible or if its regulatory status cannot be confirmed.

In summary, our review of FOREX.com (StoneX Financial Ltd.) reveals a high-risk profile with multiple red flags. The entity is registered in the UK and holds licences from the FCA and CIMA, but the lack of a functional website, the absence of verifiable information, and the severe risk score all point to the possibility that this is a clone or impersonator firm.

We recommend that traders avoid any dealings with this entity until its legitimacy can be independently verified. If you have been approached by this entity, we urge you to report it to the relevant authorities and to exercise extreme caution. Always conduct thorough due diligence before engaging with any financial services provider.