About FOREX.com
Overview of FOREX.com (guizhifeng.cn)
FOREX.com, operating under the domain guizhifeng.cn, presents itself as an online trading broker. The entity is registered in the United States and was established on April 27, 2023, making it a relatively recent entrant into the brokerage space.
Despite its name, which is shared with a well-known global broker, the official domain and registration details are distinct. FXCanary's preliminary review finds that no independent user reviews or established industry presence are available for this entity, adding to the uncertainty surrounding its operations.
Regulatory Status and Safety
According to the information on file, FOREX.com (guizhifeng.cn) holds no regulatory licenses from any known financial authority. The absence of regulation is a significant red flag for traders, as it means the broker is not subject to oversight requirements that protect client funds or ensure fair trading practices.
With a Scam Risk Score of 85 out of 100, classified as severe, FXCanary cautions that this broker poses a high risk of potential fraud or mismanagement. Traders are strongly advised to avoid depositing funds with unregulated brokers.
Background and Ownership
The company was founded on April 27, 2023, and its country of registration is the United States. However, the domain guizhifeng.cn suggests a potential connection to China, raising questions about the true operational jurisdiction.
No further details about the company's ownership or management are publicly available from the known facts. The lack of transparency is a common characteristic among high-risk brokers.
Trading Accounts and Platforms
No specific information regarding account types, leverage, spreads, or trading platforms is available from the known facts. Without access to the broker's website or verified claims, it is impossible to detail the trading conditions offered.
Potential traders should be extremely cautious when dealing with brokers that provide scant information about their trading products and services.
Deposit and Withdrawal Methods
The known facts do not include any details about funding methods or withdrawal procedures. Unregulated brokers often have opaque financial practices, which can lead to difficulties in retrieving funds.
In the absence of clear information, traders should consider the inability to verify payment processes as a major risk factor.
Overview compiled by FXCanary from regulatory records and public data. full FOREX.com review