FOREX.com

FOREX.com is a broker operating under the domain qihecvzhlb.cn. Despite its name, which closely mirrors the well-known global broker FOREX.com (a brand of GAIN Capital), this entity is a separate and distinct company registered in the United Kingdom in 2023. The choice of name and domain raises immediate questions about its legitimacy and intent.

According to our records, the broker was founded on 27 April 2023 and is registered in the United Kingdom. However, no regulatory licences or oversight from any known financial authority are on file. This absence of regulation is a significant red flag for any broker, particularly one that markets itself to retail traders who rely on regulatory protections.

Independent information about the regulatory status of FOREX.com (qihecvzhlb.cn) is virtually nonexistent. Our own records show that the broker holds no licences from any reputable financial regulator, such as the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC). This means that traders using this platform would not benefit from standard safeguards like client money segregation, negative balance protection, or access to compensation schemes.

The broker's heavy reliance on a name similar to a regulated entity may be an attempt to create a false sense of security. In the absence of verifiable regulation, the risk of fraud, misappropriation of funds, or other malpractices is elevated. Traders should treat any unregulated broker with extreme caution.

FOREX.com is listed as a UK-registered entity, incorporated on 27 April 2023. Its official domain, qihecvzhlb.cn, is registered in China, which suggests a possible disconnect between the claimed jurisdiction and actual operations. The company's physical address, if any, is not publicly available in the known facts.

The broker's name is deliberately similar to a long-established, regulated broker, which may be a tactic to lure unsuspecting traders. Without additional information from the broker's own website or public records, it is difficult to verify the company's management, ownership, or operational history. The short time since incorporation further adds to the uncertainty.

Due to the lack of publicly accessible information from the broker's official website, it is not possible to confirm the specific instruments, trading platforms, or account types offered by FOREX.com. Given the broker's name, it likely claims to provide forex and CFD trading, but no independent verification exists.

In the absence of transparent information about spreads, commissions, leverage, or supported assets, traders cannot make an informed decision. The broker's silence on these details is itself a warning sign. Should any product information become available, it would need to be treated with scepticism until validated by an independent source.

FXCanary has assigned FOREX.com a Scam Risk Score of 85 out of 100, indicating a severe risk profile. This rating is driven primarily by the complete lack of regulatory licensing, the recent incorporation date, and the apparent attempt to impersonate a legitimate broker. The domain qihecvzhlb.cn further distances the entity from the well-known FOREX.com brand.

Traders considering this broker should be aware that there is no recourse to a regulatory ombudsman or compensation fund in the event of a dispute or loss. The combination of an unregulated status, a misleading name, and a non-standard domain creates a high probability of fraudulent activity. We strongly advise against depositing any funds with this broker until it provides verifiable regulatory credentials and a transparent business model.

FOREX.com (qihecvzhlb.cn) presents itself as a forex broker, but the available facts reveal a concerning lack of substance. The broker is unregulated, recently established, and uses a name that could easily be confused with a reputable competitor. Independent public information is almost entirely absent, which is unusual for any legitimate financial service provider.

For these reasons, FOREX.com should be approached with the highest level of caution. Traders are urged to prioritise brokers that are fully regulated by a major financial authority and that offer transparent, verifiable information about their operations. In its current state, this broker poses significant risks to any individual who engages with it.