About FOREX.com
Company Overview
FOREX.com is a forex broker registered in China, with an official domain of jschina24x7.com. The company was established on January 13, 2023, making it a relatively new entrant in the online trading space. As of the latest records, the broker does not hold any known regulatory licenses from recognized financial authorities.
Regulatory Status
Our records indicate that FOREX.com has no regulators on file. This is a significant concern, as unregulated brokers operate without the oversight of financial watchdogs, potentially exposing traders to higher risks. We strongly advise traders to exercise caution and verify the broker's claims independently.
Risk Assessment
FXCanary has assigned a Scam Risk Score of 85 out of 100 to FOREX.com, categorizing it as 'Severe' risk. This score reflects the lack of regulatory oversight, the broker's recent establishment, and limited public information. Traders should be aware of the potential for financial loss when dealing with unregulated entities.
Conclusion
In summary, FOREX.com is an unregulated forex broker with a high risk profile. Without verified information from official sources or independent reviews, potential clients are advised to avoid engaging with this broker until further evidence of legitimacy and regulatory compliance emerges.
Overview compiled by FXCanary from regulatory records and public data. full FOREX.com review