99FX

99FX | 2024-09-25 13:55

Zusammenfassung：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.

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

Pros	Cons
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.

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+
Email	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.