Dear Investor,
99FX is not a trustworthy broker.
Although the platform claims that its entity, 99FX Ltd, is registered in the UK and displays several certificates, our investigation confirms that none of these documents constitute a valid license from a recognized financial regulatory authority. Specifically, we found no record of 99FX Ltd being authorized or regulated by the UK's Financial Conduct Authority (FCA), which is the primary regulator for firms operating in that jurisdiction.
Instead, the only registration we could verify for this entity is with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. It is critical to note that this registration merely grants the company International Business Company (IBC) status, which does not equate to a financial license, as the SVG FSA has publicly stated that it neither regulates nor licenses forex trading activities.
In reality, 99FX operates without authorization from any legitimate financial regulator. This lack of oversight exposes investors to significant risks. Given these serious red flags, we strongly advise you to avoid trading with 99FX and to protect your capital by choosing only fully licensed and regulated brokers.
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