FOREX.com

FOREX.com (operating under the domain jsgroup-metatrader.com) is a brokerage entity registered in China, established on December 29, 2022. It presents itself as a forex and CFD trading provider, but our review finds no regulatory oversight from any recognized financial authority.

This broker is distinct from the well-known global broker also named FOREX.com (regulated by the FCA, CFTC, etc.). The lack of licensing and recent incorporation date are notable cautionary signs for potential traders.

According to FXCanary's verified records, FOREX.com holds no active regulatory licences from any financial regulator. The absence of oversight means traders have no recourse to a compensation scheme or regulatory ombudsman in case of disputes.

Our risk assessment assigns a score of 85 out of 100 (Severe), reflecting the high likelihood of operational risks, including potential fund misappropriation or sudden closure. Traders are strongly advised to avoid depositing funds with unregulated entities.

The entity is registered in China, a jurisdiction that is not typically associated with robust forex broker regulation. Its incorporation date of December 29, 2022, indicates it is a very new operation, with no track record or public presence apart from its website.

The use of a generic domain (jsgroup-metatrader.com) and the name 'FOREX.com' may be an attempt to mimic a reputable broker, a common tactic among fraudulent operators. No information about company directors or physical office addresses is publicly available.

Based on the domain name, the broker likely offers MetaTrader 4 or 5 platforms, which are standard in the industry. However, our investigation could not confirm the specific platform versions or features due to the lack of accessible official website information.

Traders should be aware that even legitimate platform software can be used by unregulated brokers to execute trades in a non-transparent manner. Without regulatory oversight, there is no guarantee that trades are executed fairly or that client funds are segregated.

No reliable information about account types, spreads, commissions, or leverage is available from our verified sources. The broker’s own marketing claims (if any) cannot be independently verified.

In the absence of transparent disclosure, traders cannot assess the true costs or risks of trading with this firm. This opacity is a major red flag and further justifies the severe risk score.

Details on funding methods, withdrawal processing times, and fees are not publicly documented. Unregulated brokers often impose arbitrary withdrawal restrictions or charge hidden fees.

Given the high scam risk, clients may face difficulties retrieving their funds, if deposits are even processed legitimately. It is prudent to assume that funds sent to this entity could be lost entirely.