FOREX.com

FOREX.com is registered in the United Kingdom as a forex and CFD brokerage, established on 2 March 2023. The firm lists its registered address at Moor House, First Floor, 120 London Wall, London EC2Y 5ET. However, its official website is hosted on the domain hgcyjm.cn, which is atypical for a legitimate UK broker and raises immediate concerns about authenticity.

Our records show that the company claims to be regulated by both the Financial Conduct Authority (FCA) in the UK and the Cayman Islands Monetary Authority (CIMA). However, the FCA licence status is listed as '—', meaning the registration is not fully verified or may be inactive. CIMA holds a Derivatives Trading Licence (EP) but also with an unconfirmed status. This dual regulatory claim, combined with a non-standard domain, suggests a high probability of misrepresentation.

The broker asserts it holds an FCA Market Making (MM) licence and a CIMA Derivatives Trading Licence (EP). Cross-referencing these with public registers is recommended, but our initial assessment indicates that the FCA licence may not be genuine or may belong to a different entity. The absence of a valid FCA register entry for this firm under the name FOREX.com or the domain hgcyjm.cn is a major red flag.

CIMA regulations are less stringent than those of the FCA, and a licence from CIMA does not provide the same level of investor protection. The combination of an unverified FCA claim and a CIMA licence with an unclear status makes it difficult to confirm the firm's legal standing. Traders should exercise extreme caution and verify any regulatory claims independently.

Based solely on the known facts, no specific information is available about the trading platforms, instruments, or account types offered by this broker. The website hgcyjm.cn is not accessible or does not match the typical FOREX.com brand, which is a leading global broker. This discrepancy suggests that the entity may be a clone or fraudulent operation using a reputable name to attract unsuspecting traders.

Without a functioning or legitimate website, it is impossible to assess the availability of trading platforms like MetaTrader or proprietary software, nor the range of instruments such as forex pairs, CFDs on indices, commodities, or cryptocurrencies. The lack of verifiable operational details is a significant warning sign.

Similar to platform information, no account types, spreads, commissions, or funding methods are documented in our records for this broker. Legitimate brokers typically provide clear details on account tiers (e.g., Standard, Pro, VIP), minimum deposits, leverage options, and withdrawal processes. The absence of such information here is highly unusual and indicative of either a bare-bones scam setup or a complete lack of operational readiness.

Traders should never deposit funds with a broker that does not transparently disclose its fee structure and account terms. In this case, the complete information vacuum makes it impossible to evaluate the cost of trading or the ease of moving money in and out of the account.

Given the high scam risk score of 85/100 and the severe regulatory concerns, this broker is clearly unsuitable for any retail or professional trader. The entity appears designed to exploit the reputation of the legitimate FOREX.com brand. Its ideal target might be inexperienced traders seeking a well-known name, but the reality is that it likely poses a risk of fund loss or misappropriation.

For context, the genuine FOREX.com is a respected broker regulated by the FCA, NFA, and other bodies. Any entity using a similar name but with a different domain or unverified licences should be avoided. Our assessment categorises this broker as high-risk and not recommended for any trading activity.

No information is available on how client funds are segregated, if at all. Legitimate FCA-regulated brokers must segregate client money and participate in the Financial Services Compensation Scheme (FSCS) for UK residents. Since this broker's FCA status is unconfirmed, the likelihood of any such protections is negligible.

Furthermore, the Cayman Islands jurisdiction does not mandate strict client money protection. Combined with the obscure domain and lack of operational data, the security of client funds is highly questionable. Traders should assume that deposits are at a near-total risk of loss until the entity proves otherwise through verifiable regulatory and financial disclosures.