FOREX.com

FOREX.com, operating under the domain 112ok.com, is a broker registered in China on December 29, 2022. Despite its name, it is not affiliated with the well-known global broker FOREX.com (Gain Capital). The entity has no verified regulators on file and holds a high scam risk score of 85/100 from FXCanary, indicating severe concerns for traders.

Given the lack of independent web information and the absence of regulatory oversight, traders should approach this broker with extreme caution. The limited public data suggests that the broker may be targeting unsuspecting traders by leveraging the reputation of a legitimate brand.

FOREX.com (112ok.com) does not hold any known regulatory licenses from recognized authorities. This is a significant red flag, as unregulated brokers offer no investor protection, dispute resolution mechanisms, or compensation schemes. Traders have no recourse if funds are lost or misappropriated.

FXCanary's analysis shows that the broker's registration in China does not imply financial regulation. The Chinese financial market has strict controls, and retail forex trading is heavily restricted. Operating without a license suggests the broker may be defying local laws or targeting international clients without proper authorization.

The broker was founded in late 2022, making it a relatively new entrant. Its official domain, 112ok.com, does not appear to be a typical forex broker site. There is no public information about the company's team, office address, or operational history. The lack of transparency is concerning for potential clients.

Without verifiable details, it is impossible to assess the broker's financial stability, technological infrastructure, or business practices. The high scam risk score reflects the absence of reliable information and the potential for fraudulent activity.