99FX Forex Broker

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 ConsProsConsOffers cTrader platform across PC and mobileOperates without regulationOffers multiple account types with different feesLimited information on assets to trade fromLimited information on trading feesIs 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 TypeFeaturesVIP AccountDedicated to large traders, offering exclusive benefits99FX Premium AccountA premium account with additional benefits and advanced protectionStandard AccountSuitable for most traders, providing access to a wide range of assetsStock AccountFor trading stocks in the financial marketsFinance AccountFor personal financing up to $250,000Mini AccountFor trading small units of financial assets99FX 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$10,000Leverage1:501:501:501:501:50Fees$900$450$350$250$100Profit target$20,000$10,000$2,500$1,250$1,000Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forcTrader✔PC and MobileInvestors of all experience levelsCustomer Service You can reach out to 99FX 7/24 by email at support@99fx.co and by phone at 447537127390+.Contact OptionsDetailsPhone447537127390+Emailsupport@99fx.coSupport Ticket System❌Online Chat✔Social MediaFacebook, Instagram, Twitter, YouTube, etcSupported LanguageEnglishWebsite LanguageArabicPhysical AddressSuite 305, Griffith Corporate Centre, Beachmont, Kingstown St. Vincent and the GrenadinesThe 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.