Score
99FX
Saint Vincent and the Grenadines|Within 1 year| https://99fx.co/
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No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
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99Trade LLC
99FX
Saint Vincent and the Grenadines
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | 900$ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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99FX · Company Summary
99FX Information
99FX, registered in May 2024 and based in St. Vincent and the Grenadines, is a forex and stock trading platform offering various account types with leverage options and minimum deposits for different investor needs. While it boasts a user-friendly platform of cTrader and multiple account options, a major concern lies in the lack of regulatory oversight. Besides, it lacks information on spreads, commissions, or other inactivity fees.
Pros and Cons
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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.
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 Type | Details |
| VIP Account | Dedicated to large traders, offering exclusive benefits |
| 99FX Premium Account | A premium account with additional benefits and advanced protection |
| Standard Account | Suitable for most traders, providing access to a wide range of assets |
| Stock Account | For trading stocks in the financial markets |
| Finance Account | For personal financing up to $250,000 |
| Mini Account | For trading small units of financial assets |
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 |
| Leverage | 1:50 | 1:50 | 1:50 | 1:50 | 1:50 |
| Fees | $900 | $450 | $350 | $250 | $100 |
| Profit target | $20,000 | $10,000 | $2,500 | $1,250 | $1,000 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | PC and Mobile | Investors of all experience levels |
| MT4&MT5 | × |
Customer Service
You can reach out to 99FX 7/24 by email at support@99fx.co and by phone at 447537127390+.
| Contact Options | Details |
| Phone | 447537127390+ |
| support@99fx.co | |
| Support Ticket System | ❌ |
| Online Chat | ✔ |
| Social Media | Facebook, Instagram, Twitter, YouTube, etc |
| Supported Language | English |
| Website Language | Arabic |
| Physical Address | Suite 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. Beginners should prioritize platforms with regulatory oversight and educational resources.
Is 99FX good for day trading?
The platform may offer features suitable for day trading, but the lack of regulation remains a major concern. Consider regulated platforms with robust security measures for day trading.
Is it safe to trade with 99FX?
Trading with 99FX carries significant risk due to the lack of regulatory oversight. Only invest in 99FX if you understand the risks.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
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