Forex.com is not scam
The reason: Forex.com is considered reliable as it has multiple top-tier regulation globally, such as the US CFTC, the UK FCA or the Australian ASIC.
See below the full list of regulators (country of clients - regulatory body):
- EEA - Cyprus Securities and Exchange Commission (CySEC)
- USA - Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Futures Commission Merchant (FCM), Retail Foreign Exchange Dealer (RFED)
- Canada - Investment Industry Regulatory Organization of Canada (IIROC)
- Japan - Japanese Financial Services Authority (FSA)
- UK - Financial Conduct Authority (FCA)
- Other clients - Cayman Islands Monetary Authority (CIMA)
- Hong Kong - The Securities and Futures Commission (SFC)
- Australia - The Australian Securities and Investments Commission (ASIC)
- SIngapore - The Monetary Authority of Singapore (MAS)
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Is Forex.com scam?
Other factors ensuring that Forex.com is not a scam
See whether Forex.com clients are entitled to investor protection in the event that Forex.com goes bankrupt:
| Forex.com investor protection | |
|---|---|
| Investor protection amount: | £85,000 for clients under FCA, CAD 1 million for clients under IIROC, no investor protection for other clients |
There are other factors you can check to make sure Forex.com is not a scam. Having been on the market for a long time or being listed on an exchange are all signs that the broker is reliable. Check these factors below.
| 🌎 Country of origin | USA |
| 📅 Foundation date | 2,001 |
| 🏛 Banking background | No |
| 📈 Listed on exchange | Yes |
| 🗺️ Broker ownership is transparent | Yes |
| 👔 Broker management is transparent | Yes |
| 🔒 Negative balance protection is provided | Yes |
| 📋 Read more | Check out the Forex.com review for 2023 |
Is Forex.com scam?
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