About FOREX.com
Overview
FOREX.com (domain: ehwx.cn) presents itself as a forex trading platform, but publicly available information about its operations is extremely limited. According to official records, the entity was registered in China on June 19, 2023. No further details about its services, ownership, or business model are confirmed through reliable sources.
Given the scarcity of verifiable data, traders should approach this broker with extreme caution. The lack of transparency surrounding its activities raises immediate concerns about its legitimacy and operational standards.
Regulation and Licensing
FXCanary's records indicate that FOREX.com (ehwx.cn) holds no known regulatory licences from any financial authority. The entity's regulatory status is listed as 'NONE', meaning it operates without oversight from any recognised regulator such as the FCA, CySEC, or ASIC.
This absence of regulation is a major red flag. Unregulated forex brokers carry inherent risks, including the potential for unethical practices, lack of client fund protection, and no recourse for dispute resolution. Traders are strongly advised to verify any broker's regulatory standing before committing funds.
Company Background
FOREX.com (ehwx.cn) was founded on June 19, 2023, in China. The choice of domain and name may be an attempt to mimic the well-known global broker FOREX.com (a brand of GAIN Capital), but there is no evidence linking this entity to any established financial group.
Its recent establishment and lack of public track record further amplify risks. New, unregulated brokers in jurisdictions with limited financial oversight often target unsuspecting traders, making due diligence essential.
Trading Instruments and Platforms
No information is available from the official website or other sources regarding the trading instruments offered by FOREX.com (ehwx.cn). It is unclear whether the broker provides forex, CFDs, commodities, indices, or cryptocurrencies.
Similarly, details about trading platforms (e.g., MetaTrader 4/5, proprietary software) are absent. Until such information is disclosed and independently verified, traders cannot assess the functionality or reliability of the trading environment.
Account Types and Fees
FOREX.com (ehwx.cn) has not publicly disclosed any account types, minimum deposit requirements, spreads, commissions, or other fees. Without this data, potential clients cannot compare costs or choose a suitable account structure.
Transparent fee disclosure is a standard expectation for legitimate brokers. The lack of such information suggests either a deliberate omission or an incomplete service offering, both of which are concerning.
Deposits and Withdrawals
Payment methods, withdrawal policies, and processing times for FOREX.com (ehwx.cn) are not publicly documented. Unclear or restrictive withdrawal procedures are a common complaint against unregulated brokers.
Traders should be wary of any platform that does not clearly explain how to deposit and withdraw funds. The risk of delayed or non-payment is heightened when such details are hidden.
Conclusion
FOREX.com (ehwx.cn) scores 85 out of 100 on FXCanary's Scam Risk Scale, indicating a severe risk level. The combination of no regulatory oversight, recent registration in China, and a name that evokes a reputable broker creates a high probability of fraudulent intent.
Traders are strongly urged to avoid this broker until verifiable, transparent information about its licensing, ownership, and operations is provided. When in doubt, it is safer to choose a regulated broker with a proven track record.
Overview compiled by FXCanary from regulatory records and public data. full FOREX.com review