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Abstract:The British regulator FCA issued a warning against 9dayfx on September 14th!!!
Investors who are still trading forex at 9dayfx had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!
To make things straight from the very beginning, on our next screenshot you may check the recent warning on September 14th issued against 9dayfx (9dayfx.com) by the Financial Conduct Authority (FCA) in the UK. Take a look (source: https://www.fca.org.uk/news/warnings/9dayfx):
9dayfx is NOT REGULATED - the fake brokerage is an officially exposed scam blacklisted by the British regulator FCA. In its publication, the authority states that 9dayfx is unauthorized, which practically means its an unregulated business entity offering illegal trading and investment services. Brokers with warnings on their names are scams and should be avoided at all costs!
WikiFX also paid a visit to the brokers official website to learn more. 9dayfx tries to convince you that they are a legitimate and trustworthy UK-based broker:
However, the above screenshot not only proves that 9dayfx is not authorized by the British regulator FCA and you would therefore not be entitled to any protections if you chose to do business with them, but it also shows that this broker is most probably a dangerous scam scheme. WikiFX would recommend that you trust the FCAs judgment and turn to a legitimate, licensed broker instead.
Furthermore, 9dayfx does not have trading software. Throughout the website, download links are nowhere to be found, and upon registration, it became obvious that 9dayfx doesnt have a platform. Instead, there are some fishy investment plans with highly unrealistic ROIs that undoubtedly prove that 9dayfx is a scam – no legit company will ever promote or deliver guaranteed 8% earnings for 2 days!
In addition, 9dayfx does not elaborate on trading conditions, and the only thing they mention is packed into a short passage. In it, 9dayfx pretends to offer leverage of 1:500 (indicating high trading risks), low commissions (indicating low trading costs) and thousands of instruments. The information is false, of course, and WikiFX would like to remind you that 9dayfx is an officially exposed scam you should avoid!
Whats more, 9dayfx only accepts deposits made in Bitcoin. This is another clear sign of a scam – only a scam broker will ask you to deposit in Bitcoin and would not offer any alternatives. The reason why scammers adore crypto so much is simple – such transactions are completely irreversible which makes getting a chargeback impossible for the client. That is why investing with a company like 9dayfx is not a good idea – you would not be able to retrieve your money or track it down.
Now let's search “9dayfx” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.
As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/3931051802.html), 9dayfxcurrently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.
Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.
In a nutshell, it's not wise to invest in 9dayfx. The so-called brokerage is nothing more than an outright scam, which is in the spotlight of a recent investigation by the British financial authorities, who have already blacklisted the website for targeting UK customers without proper authorization.
WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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