About FOREX.com
Company Overview
FOREX.com is a retail forex broker that claims to offer trading services to individual clients worldwide. According to public records, it operates under the official domain jiashengonline.com and states its country of registration as the United States. The broker was founded on 1 February 2023, making it a relatively new entrant in the highly competitive forex brokerage industry.
Despite its name, which closely mirrors that of the well-established FOREX.com brand owned by GAIN Capital, this entity operates from a separate domain and does not appear to be affiliated with the legitimate broker. The use of a similar name may be an attempt to attract unsuspecting traders through brand confusion.
Regulation and Safety
Our review has found that FOREX.com (jiashengonline.com) holds no recognised regulatory licenses from any financial authority. The known facts indicate that the broker's regulatory status is listed as 'NONE', and industry databases show no registered licences from major regulators such as the FCA, CySEC, ASIC, or the CFTC/NFA.
Traders should note that the absence of regulation means there is no independent oversight of the broker's operations, no client fund segregation requirements, and no recourse to a compensation scheme in case of disputes or broker failure. This lack of regulatory oversight contributes to a high scam risk score of 85/100 assigned by FXCanary, indicating a severe risk for potential clients.
Trading Platforms and Instruments
Information regarding the trading platforms offered by FOREX.com is not readily available from public sources. It is unclear whether the broker provides popular platforms such as MetaTrader 4, MetaTrader 5, or a proprietary web-based platform.
Similarly, the range of tradable instruments has not been disclosed. Typically, brokers offering forex trading may also cover CFDs on indices, commodities, and cryptocurrencies, but no verified details can be provided for this entity.
Account Types and Funding
No information on account types, minimum deposit requirements, spreads, or leverage has been found in independent records. The broker's official website may contain such details, but its claims have not been independently verified by FXCanary.
Regarding deposit and withdrawal methods, no public data is available. Traders considering this broker should be extremely cautious, as the lack of transparent funding information is a common red flag among unreputable entities.
Target Audience
Based on the broker's branding as a retail forex provider, it appears to target individual retail traders, particularly those seeking high-leverage trading opportunities. The use of the name 'FOREX.com' may specifically aim to attract traders familiar with the legitimate brand.
However, given the unregulated status and high risk score, this broker is not suitable for any prudent investor. Traders are strongly advised to only engage with fully regulated brokers to ensure the safety of their funds.
Overview compiled by FXCanary from regulatory records and public data. full FOREX.com review