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99FX
Saint Vincent and the Grenadines|1-2 years| https://99fx.co/
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No valid regulatory information, please be aware of the risk!
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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!
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 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.
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 | Features |
| 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 |
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.
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.
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