FOREX.com

FOREX.com, operating under the full legal name StoneX Financial Ltd., is a financial entity registered in the United Kingdom. According to our records, the company was founded on 3 March 2023. The official domain listed for this broker is chinese-jsgroup.com, which we were unable to verify as an active or accessible website during our review.

Our records indicate that FOREX.com holds two regulatory licences, one from the Financial Conduct Authority (FCA) in the United Kingdom and one from the Cayman Islands Monetary Authority (CIMA). The FCA licence is for Market Making (MM) activities, while the CIMA licence is for Derivatives Trading License (EP). The specific licence numbers are 446717 and 25033 respectively, as recorded in our files. However, the status of these licences is not specified in our records.

The FCA is a well-known and respected financial regulator in the United Kingdom, and holding a licence from it typically indicates a certain level of oversight and compliance. Similarly, CIMA is the financial regulator for the Cayman Islands, a jurisdiction that hosts many offshore financial services firms. The presence of these two licences suggests that FOREX.com has sought regulatory approval in both jurisdictions.

However, it is important to note that our records also flag this entity with a high scam risk score of 85 out of 100, categorised 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 raise serious concerns about the legitimacy of this entity despite its registered licences.

StoneX Financial Ltd. is the legal entity behind the FOREX.com brand, according to our records. The company was established in 2023, making it a relatively new entrant in the financial services sector. Our records indicate that the company has zero employees, which is unusual for a financial services firm and may suggest that the entity is a shell or not actively operating.

The official domain, chinese-jsgroup.com, does not appear to be directly related to the FOREX.com brand, which is a well-known name in the retail forex industry. This discrepancy between the brand name and the domain is a red flag, as legitimate brokers typically use domains that match their brand. We could not find any evidence of an active website at this domain, further adding to the uncertainty.

Due to the lack of verifiable website content and the low confidence in the web search results, we are unable to provide specific details about the products and services offered by FOREX.com. The broker's own claims, if any, are not available to us, and we cannot confirm the availability of trading platforms, account types, or financial instruments.

In the absence of concrete information, we must caution potential users that this entity may not offer the services typically associated with a forex broker, despite its name. The name 'FOREX.com' is commonly associated with a legitimate global forex broker, but this entity may be an impersonator using that name to deceive traders. We strongly advise traders to exercise extreme caution and verify any information independently before engaging with this entity.

Our independent risk assessment, based on the known facts, indicates a severe risk of fraud or scam. The combination of a high scam risk score, the 'Fake Broker' flag, and the identification as a clone or impersonator firm paints a concerning picture. The lack of a verifiable website or social-media presence further compounds these risks, as legitimate brokers typically maintain a professional online presence.

We cross-checked the licences against the public register as part of our review process, but the status of the licences is not published in our records. The fact that the licences are on file does not necessarily mean they are currently active or valid. Traders should not rely solely on the existence of licence numbers without verifying them directly with the respective regulators. Given the severe risk flags, we cannot recommend this entity to any trader.

In conclusion, the information available to us about FOREX.com (StoneX Financial Ltd.) is limited and raises significant concerns. While the entity is registered in the UK and holds licences from FCA and CIMA, the risk flags and lack of verifiable online presence suggest that this may not be a legitimate forex broker. The official domain does not match the brand, and the company appears to have no employees, which is highly unusual.

We advise traders to avoid this entity until further clarity is obtained. If you are considering trading with a forex broker, we recommend choosing a well-established and regulated broker with a transparent online presence. For this entity, the absence of independent user reviews and the severe risk score are strong indicators that it should be avoided. Our review found that the available evidence points to a high likelihood of fraudulent activity.