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Score

1.10 /10
Danger

99FX

Saint Vincent and the Grenadines

Within 1 year

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://99fx.co

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Score

Regulatory Index0.00

Business Index3.87

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

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40G

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Broker Information

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Company Name

99Trade LLC

Company Abbreviation

99FX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Warning: Low score, please stay away!
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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99FX · Company summary

99FX Information

99FX is a forex and stock trading platform established in May 2024, located at St. Vincent and the Grenadines. They offer different account types with leverage and minimum deposits suitable to the investors need. They also provide a convenient platform of cTrader. However, the chief issue here is the absence of regulation. Further, it fails to provide data for spreads, commissions for other fees that can be charged in case of inactivity.

99FX Information

Pros and Cons

ProsCons
  • Offers cTrader platform across PC and mobile
  • Operates without regulation
  • Offers multiple account types with different fees
  • Limited information on assets to trade from
  • Limited information on trading fees

Is 99FX Legit?

99FX has no supervisory authority to regulate it in its operation. There is no institution to monitor, and thus such absence of rules may put investors at a higher risk. The domain 99fx.co was registered on 07-May-2024, and at the moment the owner of the domain has restricted it to transfer.

Is 99FX Legit?
Is 99FX Legit?

Account Type

99FX offers several types of accounts, including VIP accounts for high-volume traders, premium accounts with advanced features, standard accounts for general use, stock accounts for equities trading, finance accounts for personal financing, and mini accounts for smaller investments.You can check the details of each of them as follows:

Account TypeFeatures
VIP AccountDedicated to large traders, offering exclusive benefits
99FX Premium AccountA premium account with additional benefits and advanced protection
Standard AccountSuitable for most traders, providing access to a wide range of assets
Stock AccountFor trading stocks in the financial markets
Finance AccountFor personal financing up to $250,000
Mini AccountFor trading small units of financial assets
Account Type

99FX Fees

99FX offers a tired fee structure for different trading capital sizes. While all accounts enjoy a leverage ratio of 1:50, the minimum deposit and corresponding fees vary significantly. Please refer to the table below for more details.

Account$200,000$100,000$50,000$25,000$10,000
Leverage1:501:501:501:501:50
Fees$900$450$350$250$100
Profit target$20,000$10,000$2,500$1,250$1,000
99FX Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
cTrader✔PC and MobileInvestors of all experience levels
Trading Platform

Customer Service

You can reach out to 99FX 7/24 by email at support@99fx.co and by phone at 447537127390+.

Contact OptionsDetails
Phone447537127390+
Emailsupport@99fx.co
Support Ticket System❌
Online Chat✔
Social MediaFacebook, Instagram, Twitter, YouTube, etc
Supported LanguageEnglish
Website LanguageArabic
Physical AddressSuite 305, Griffith Corporate Centre, Beachmont, Kingstown St. Vincent and the Grenadines

The Bottom Line

As for strong points, 99FX has convenient cTrader trading platforms as well as various account choices. However, a major flip side is that there is no legal mechanism that governs such securities, and thus users may be more exposed to risk. Due to scant amounts of information on tradable assets and the fees that are charged, 99FX might not be ideal for beginner traders or even medium-level traders who have not developed a high tolerance for risk.

FAQs

Is 99FX good for beginners?

No. Due to the lack of regulation and potential risks, 99FX is not suitable for beginners.

Is 99FX good for day trading?

No.

Is it safe to trade with 99FX?

Trading with 99FX carries significant risk due to the lack of regulatory oversight.

News

Exposure99FX: What You Need to Know About This Broker

When considering a forex broker, it’s crucial to conduct thorough research to ensure your investments are secure. One broker that has recently come into the spotlight is 99FX. Here’s what you need to know about this relatively new player in the forex trading market.

WikiFX
2024-07-02 11:21
99FX: What You Need to Know About This Broker
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User comment

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Comments

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FX1877730752
0-3months
A very, very excellent broker in terms of wonderful financing accounts. Traders’ profits in the financing accounts during the past two months amounted to $3.3 million. This is evidence of the client’s confidence in them and also reflects their progress in success and evidence of their progress towards a better future. Thank you, 99FX.
A very, very excellent broker in terms of wonderful financing accounts. Traders’ profits in the financing accounts during the past two months amounted to $3.3 million. This is evidence of the client’s confidence in them and also reflects their progress in success and evidence of their progress towards a better future. Thank you, 99FX.
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2024-09-02 21:01
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FX5199676352
0-3months
مسجلون في المملكة المتحدة عن شركة 99FX LTD شركة 99FX LTD مسجلة في المملكة المتحدة برقم الشركة 15840897. يقع المكتب المسجل في 128 City Road، لندن، المملكة المتحدة، EC1V 2NX. الشركة متخصصة في الوساطة المالية والخدمات المالية المساندة، وتشمل: - 64999: الوساطة المالية - 66110: إدارة الأسواق المالية - 66190: الأنشطة المساندة للوساطة المالية نحن في 99FX LTD نلتزم بتقديم خدمات مالية عالية الجودة والمساهمة في تطوير الأسواق المالية لضمان تحقيق أفضل النتائج لعملائنا.
مسجلون في المملكة المتحدة عن شركة 99FX LTD شركة 99FX LTD مسجلة في المملكة المتحدة برقم الشركة 15840897. يقع المكتب المسجل في 128 City Road، لندن، المملكة المتحدة، EC1V 2NX. الشركة متخصصة في الوساطة المالية والخدمات المالية المساندة، وتشمل: - 64999: الوساطة المالية - 66110: إدارة الأسواق المالية - 66190: الأنشطة المساندة للوساطة المالية نحن في 99FX LTD نلتزم بتقديم خدمات مالية عالية الجودة والمساهمة في تطوير الأسواق المالية لضمان تحقيق أفضل النتائج لعملائنا.
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2024-09-02 02:42
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