FOREX.com

FOREX.com, operating under the domain 38y4g7p.cn, is a forex and CFD broker registered in Seychelles. The entity was founded on 29 December 2022, making it a relatively new entrant in the online trading space. Its name deliberately mimics the well-known global broker FOREX.com (Gain Capital), which raises immediate concerns about potential brand impersonation.

Our review found that the broker's official website provides limited public information, and independent sources offer scant data beyond basic registration details. Traders should be aware that the Seychelles registration and the use of a .cn domain (typically associated with China) for a Seychelles entity create an unusual and potentially opaque operational structure.

FOREX.com claims to be regulated by the Seychelles Financial Services Authority (FSA) under a Derivatives Trading License (EP). However, the status of this license is listed as '—' in our records, indicating that its current validity or standing is unverified. The FSA is a well-known offshore regulator with comparatively low oversight standards, and it does not offer the same level of investor protection as tier-1 authorities like the FCA or ASIC.

We cross-checked the licence details against the public register, but the absence of a clear status raises red flags. The FSA's licensing framework for derivatives brokers has been criticised for lax supervision, and a license alone does not guarantee reliability. In FXCanary's assessment, this regulatory setup contributes significantly to the broker's elevated risk profile.

FXCanary has assigned FOREX.com a Scam Risk Score of 85 out of 100, categorised as 'Severe'. This score is based on the combination of an unverifiable licence, a suspicious domain choice, and very limited independent information available online. The use of a domain that differs from the broker's name (38y4g7p.cn) is a common tactic among fraudulent entities to evade detection and confuse potential clients.

Aggregated industry data does not provide any user reviews or operational history for this broker, which is highly unusual for a platform that claims to be active. The lack of verifiable feedback means traders have no way to assess the broker's execution quality, withdrawal reliability, or customer service. We consider this information vacuum a strong warning sign.

Based on known facts, no specific account types, spreads, commissions, or leverage details are available for FOREX.com. The broker's official website, if accessible, may promote standard offerings such as multiple account tiers (e.g., Standard, Pro) and various instruments (forex, indices, commodities, cryptocurrencies), but these cannot be independently confirmed.

In the absence of verifiable data, traders cannot evaluate the cost-effectiveness or suitability of this broker. We strongly advise against depositing funds until comprehensive, transparent information is provided and independently verified.

FOREX.com appears to target retail forex and CFD traders, particularly those seeking offshore regulation with minimal oversight. Given the severe risk score and lack of transparency, the broker is unsuitable for beginners or risk-averse investors. It may appeal only to traders who are fully aware of the high risks involved and are willing to accept the potential for total loss of capital.

Our analysis suggests that the broker's primary audience is likely those who are misled by the familiar brand name or who seek unregulated trading conditions. We cannot recommend this broker to any category of trader in good conscience.

FOREX.com (38y4g7p.cn) is a high-risk broker based in Seychelles with an FSA license of unconfirmed status. The scam risk score of 85/100 reflects severe concerns regarding its legitimacy and operational transparency. We found no independent user feedback or reliable information beyond basic registration details.

Traders are strongly advised to avoid this entity and instead choose a well-regulated broker from a top-tier jurisdiction. The combination of a cloned name, obscure domain, and untraceable license creates an unacceptable risk for any informed trader.