Basic Information
Pros and Cons
Pros
- Fast order execution
- Reliable trading platform
- Diverse range of trading instruments
- Competitive spreads
- User-friendly interface
Cons
- No regulatory oversight
- Withdrawal delays reported
- Customer service responsiveness issues
- Limited educational resources
- High leverage risks
Is 9Cents Safe and Legit?
9Cents Financials Ltd. is registered in Saint Lucia and has been operational for approximately 1-2 years. The broker offers a variety of trading instruments, including forex, commodities, indices, shares, and metals, with leverage up to 1:400 and spreads starting from 16-20 pips on the MT5 platform.
Currently, 9Cents operates without valid regulatory oversight, which raises significant concerns regarding its safety and legality for potential clients. Given the absence of a credible license, traders should exercise caution when considering engagement with this broker.
In terms of reputation, 9Cents has received mixed reviews from users. While many appreciate the platform’s execution speed and reliability, there are notable complaints regarding customer service responsiveness and withdrawal delays. Users have reported challenges in communicating with support and processing their funds, indicating a need for improved transparency and service quality.
Is 9Cents a Regulated Broker?
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
9Cents Financials Ltd. does not hold client funds in independently regulated bank accounts separate from the broker’s assets, as it operates without valid regulatory oversight. This absence of regulatory structure raises significant concerns regarding the safety of client funds and the transparency of their handling.
9Cents Leverage
9Cents offers a maximum leverage of up to 1:400 for its standard accounts. The leverage provided exceeds legal limits in many jurisdictions, as 9Cents currently holds no regulatory licenses. This could pose additional risks for traders classified as retail clients, who might find themselves exposed to amplified losses.
9Cents Withdrawal Review
How to Contact 9Cents?
Does 9Cents Have Withdrawal Issues?
9Cents Financials Ltd. has received mixed feedback regarding withdrawal processes, with noticeable complaints from users about delays in accessing their funds. Reports indicate that some traders have experienced significant challenges, such as prolonged waiting periods and unresponsive customer service when attempting to withdraw. Most complaints stem from users who express frustration over missing deposits and lack of timely communication from the broker. While there are some positive remarks about the platform’s execution speed, the recurring issues with withdrawal responsiveness raise concerns about the overall safety and reliability of 9Cents.
Frequently Asked Questions
A1: No, 9Cents Financials Ltd. operates without any valid regulatory oversight, which raises significant concerns about its legitimacy. Potential clients should exercise caution when considering engagement with this broker due to the absence of a credible license.
A2: 9Cents Financials Ltd. currently holds no regulatory licenses. The broker operates without any mainstream or offshore licenses, highlighting the importance of due diligence for traders looking to ensure the safety of their investments.
A3: 9Cents Financials Ltd. does not hold client funds in independently regulated bank accounts separate from the broker’s assets. This lack of regulatory structure raises serious concerns regarding the safety and transparency of client funds.
A4: Yes, 9Cents has received mixed feedback regarding withdrawal processes, with users reporting delays and challenges in accessing their funds. Many have expressed frustration over unresponsive customer service and prolonged waiting periods for withdrawals.
A5: You can contact 9Cents customer support via email at info@9cents.com or by phone at +971 50 871 9919. However, users have reported issues with the responsiveness of customer service, indicating potential delays in communication.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.