FOREX.com

FOREX.com, operating under the domain forexcom-mt5.com, is a Hong Kong-registered entity established on December 29, 2022. Our research indicates that the broker presents itself as a retail forex and CFD trading platform, likely targeting individual traders. However, due to the recent founding date and limited public information, the broker's operational history is very brief.

We were unable to find any official website content or marketing materials for this entity within our available data. The absence of a verifiable web presence raises significant caution, as legitimate brokers typically maintain accessible websites with detailed service descriptions. Traders should note that without a live website, claims about trading conditions, platforms, or instruments cannot be independently confirmed.

The known facts state that FOREX.com holds no regulatory licenses from any recognized financial authority. This is a critical red flag, as regulation provides a baseline of investor protection and oversight. The broker's registration in Hong Kong does not imply regulatory approval – Hong Kong's Securities and Futures Commission (SFC) requires licensing for forex brokers, and this entity is not listed on the SFC's public register.

Without regulatory oversight, traders have no recourse through formal complaint mechanisms or compensation schemes. We strongly advise verifying any broker's regulatory status through official databases before depositing funds. The lack of regulation is the primary driver of the high scam risk score assigned by FXCanary.

FXCanary's Scam Risk Score for FOREX.com is 85 out of 100, categorized as 'Severe'. This score reflects the absence of regulation, the new and unverifiable operational history, and the lack of transparent ownership information. The broker's domain (forexcom-mt5.com) mimics the legitimate FOREX.com brand (forex.com), which is a known tactic used by fraudulent entities to mislead traders.

Given these factors, the risk of financial loss is exceptionally high. We recommend extreme caution and suggest that traders avoid any engagement with this broker until verifiable regulatory credentials and a proven track record are established. The lack of independent reviews or user feedback further compounds the uncertainty.