About FOREX.com
Overview of FOREX.com (shuoshuonin.cn)
FOREX.com, operating through the domain shuoshuonin.cn, claims to be a forex broker based in China and registered in 2023. However, the name is an obvious impersonation of the reputable global broker FOREX.com (GAIN Capital). The true identity and operations of this entity remain unverified.
According to our records, FOREX.com (shuoshuonin.cn) has not provided any information regarding its regulatory status, company structure, or physical address. The absence of regulation is a critical red flag for any financial service provider.
Regulation and Legitimacy
Our review confirms that FOREX.com (shuoshuonin.cn) is not regulated by any known financial authority. We cross-checked the information against public registers of financial regulators worldwide and found no matching licence.
In FXCanary's assessment, the lack of regulation is a severe risk factor. Traders dealing with unregulated brokers have no recourse in case of disputes or financial loss. The broker's scam risk score of 85 out of 100 reflects this high level of danger.
Products and Services
Due to the lack of a functional website or verifiable information, we cannot confirm the specific products or services offered by FOREX.com (shuoshuonin.cn). Typical offerings of a forex broker include leveraged trading on currency pairs, CFDs on indices, commodities, and cryptocurrencies. However, this entity's claims remain unsubstantiated.
Without access to the official platform, it is impossible to assess the trading conditions, account types, or leverage options. We advise extreme caution before engaging with this broker.
Target Audience
The broker appears to target retail forex traders, particularly those in Chinese-speaking markets. The domain extension (.cn) and the use of the globally recognised FOREX.com brand suggest an attempt to attract unsuspecting investors.
However, given the lack of regulatory oversight and transparency, this broker is unsuitable for any trader seeking a safe and legitimate trading environment. It may be part of a larger scam operation.
Deposits and Withdrawals
No information is available on payment methods or withdrawal procedures. Reputable brokers typically offer multiple funding options such as bank transfers, credit cards, and e-wallets, and clearly explain processing times and fees.
The absence of such details from FOREX.com (shuoshuonin.cn) raises concerns about whether client funds are secure or even accessible. Fraudulent brokers often make withdrawals difficult or impossible.
Overview compiled by FXCanary from regulatory records and public data. full FOREX.com review