FOREX.com

FOREX.com, with the official domain xieminghui.cn, is registered in the United States and was founded on February 16, 2023. Its registered address is 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059. Despite its name, which resembles a major forex broker, this entity is not affiliated with the well-known FOREX.com brand (operated by GAIN Capital) and operates on a distinct domain.

Our records indicate that FOREX.com (xieminghui.cn) does not hold any regulatory licences. The absence of regulation is a significant red flag, as it means the broker is not subject to oversight by any financial authority. Traders should exercise extreme caution when dealing with unregulated entities.

The company was incorporated in the United States, but its exact corporate structure is unclear. The registered address points to a commercial location in Warren, New Jersey. However, given the entity's recent incorporation and lack of regulatory status, there is limited verifiable information about its operational history or business activities.

It is worth noting that the domain xieminghui.cn suggests a connection to China, but the official registration is in the US. This discrepancy adds to the opacity surrounding the broker. Without a transparent track record, assessing its reliability is challenging.

FOREX.com (xieminghui.cn) has no regulators on file. This means it is not licensed by any known financial regulatory body, such as the CFTC, NFA, FCA, or ASIC. For traders, this absence of oversight means there is no independent recourse in the event of disputes or malpractice.

In FXCanary's assessment, the lack of regulation is a critical risk factor. Regulated brokers must adhere to strict capital requirements, client fund segregation, and periodic audits. An unregulated broker offers none of these protections, exposing traders to potential fraud or mismanagement of funds.

Due to the limited public information available, it is not possible to confirm the specific services or products offered by FOREX.com (xieminghui.cn). The broker's website, if accessible through the domain, may claim to offer forex trading, CFDs, or other financial instruments, but we have not been able to verify these claims.

Industry databases do not provide further details on account types, trading platforms, or instruments. Traders should be aware that the lack of transparency alone is a warning sign. Legitimate brokers typically provide clear information about their offerings and terms of service.

Given the unregulated nature and limited information, it is difficult to identify a specific target audience. The broker's name might attract retail traders looking for a familiar name, but the actual target could be anyone willing to deposit funds without proper due diligence.

FXCanary advises that this broker is not suitable for any trader seeking a safe and regulated trading environment. It may appeal to speculative individuals who are willing to take on extreme risk, but such an approach is not recommended for responsible trading.