Score

1.53 /10
Danger

ForeignCurrencies

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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Score

Regulatory Index0.00

Business Index7.14

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0216708) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

ForeignCurrencies · Company summary

General Information & Regulation

ForeignCurrencies.com by Cannon Trading Company, Inc., since 1988 has been the location for sophisticated futures traders to trade foreign currency in three different markets: currency futures, FOREX, and e-micro fx futures. Their account services in these markets are designed for institutional level dealing rates and service to retail clients. Utilizing the latest currency trading technologies, and partnerships with multiple dealing banks, ForeignCurrencies.com is able to offer the good quality of professional services while at the same time, remaining flexible and cost effective for global FOREX clients. ForeignCurrencies.com offers multiple clearing platforms for both futures. Cannon Trading is registered with the Commodity Futures Trading Commission and a member of the National Futures Association, the US Chamber of Commerce, and the Beverly Hills Chamber of Commerce.

Market Instruments

You can Trade the Forex Market, the Currency Futures Market, and the E-Micro Forex Futures Marketall in their one Platform.

Account & Leverage

This broker offers a single Trading accounts, and no reviews were obtained regarding the leverage and minimum deposit accepted by this broker. There we recommend investors to make further inquiries before trading.

Trader Security

As the Broker is among the suspicious clone brokers, this makes it suspect of some kinda os false services. Therefore Traders Security can not be guaranteed.

Spreads & Commissions

With a Spreads of as low as 1 pips for some currency pairs and also as low as 2 pips for other currency pairs like USD/CAD and AUD/USD Cannon Trading Co. Inc. team provides excellent customer service, while offering some of the lowest rates available. Whether a high volume day trader or a low volume day trader, our clients' needs are met with the high quality of service and dependable platforms we offer. At ForeignCurrencies.com by Cannon®, every client enjoys the opportunity to a special commission rate. Their commission rates for currency futures are as low as $0.95 per side plus exchange fees.

They recommend sharing your trading needs with us. They would like to hear about your trading experience, style, and behavior. Inform us your risk capital and your special needs as far as a trading platform for the specific markets you want to trade. We offer individual commission quotes for the individual trader. While their commissions are among the most competitive rates in theindustry, our service is never compromised.

Trading Platform Available

With their new trading software E-Futures International, you can trade forex, currency futures, and e-micro forex futures in one platform.

Deposit & Withdrawal

No information available from other third-party sites or from this brokers website regarding deposit and Withdrawal methods, but traders can further investigate to find out and know more about it.

Customer Service

For customer support, this broker offers optional services for clients to contact them for any inquiries or complaints, they can be contacted through email or phone. They also provides their offices address for one on one further information and complaints.

Foreign Currencies by Cannon

12100 Wilshire Blvd

Suite 1640

Los Angeles, CA 90025

Phone Numbers

USA: (800) 454-9572

International: (310) 859-9572

Fax: (310) 859-0547

Email Address info@foreigncurrencies.com

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