9Cents Review – Is Investing in 9Cents Safe?
- Regulation: Unregulated
- Website: https://www.9cents.com/
- Registered Country/Region: Saint Lucia
- Trading Platform: MT5
- Minimum deposit: $100
- Leverage: Up to 1:400
9Cents offers online brokerage services through its subsidiary, 9Cents Financials Ltd., by allowing customers to trade foreign currencies (Forex), commodities, stock indices, equities, and some precious metals. They also provide access to MetaTrader 5 (MT5) and will give you leverage up to 1:400. The advertised minimum spread on currency pairs is between 16 and 20 pips (depending), and they require at least $100 to start an account. While these are attractive for beginner traders, many factors may increase your risk when you open an account with this firm.
Regulation Status
Regulatory oversight is one of the most important factors to consider when evaluating a brokerage firm. At present, 9Cents does not have a currently valid regulatory body that governs its operations. This means it has no oversight by an authoritative financial authority to ensure that it meets our industry’s required standards (for example, segregation of client funds, transparency, dispute resolution, and client protection).
Risks associated with unregulated brokers include:
- Fund safety is not guaranteed
- Disputes between parties hold little if any legal protection
- No compensation scheme coverage to help the affected party
- Very little transparency on how operations are conducted
- Increased risk of withdrawal and account processing
Traders should therefore be very careful and have a full understanding of the risks involved with dealing with a business that has no regulation.
Trading Platform – MT5
The MetaTrader 5 (MT5) platform is becoming popular due to its features and potential use in the trading industry.
Key features of MT5 include:
- Custom Indicators
- Automated Trading and Expert Advisors
- Multiple Order Types and Execution Modes
- Economic Calendar
- Multi-Asset Trading Ability
- Access via Desktop, Web, and Mobile
The MT5 Platform is solid. The safety of trading is determined by the ‘trading platform’ and the execution methods, as well as the correct financial standing of the broker.
Minimum Deposit & Account Types
9Cents provides three main account types designed for different trader categories.
|
Standard
|
$100 |
|
Pro
|
$15,000 |
|
ECN
|
$25,000 |
The Standard Account of the 9Cents Financials Ltd is available to new investors as long as they meet the minimum capital requirement for opening a Standard Account ($100). However, the Pro and ECN Accounts have higher initial capital requirements; therefore, these accounts carry a greater risk to an investor.
Regional Restrictions
9Cents Financials Ltd. states that its services are not available to residents of several jurisdictions, including:
United States, Cuba, Iraq, Myanmar, North Korea, Sudan, Russia, and Iran.
The company also notes that its services should not be used in regions where local laws prohibit such trading activities.
Client Feedback & Reputation
According to Trustpilot, the 9Cents trading platform is rated poorly at 2.6 out of 5 stars, and has received numerous negative user reviews for various reasons, including:
- Misleading claims that they were a registered financial institution in many countries
- Poor signal quality for trading
- Difficulty withdrawing funds from their site
- Poor responsiveness when attempting to contact customer support
The above user experiences highlight how important it is to do your own independent research when making a decision to trade with unregulated or high-risk brokers. You should start with small amounts only until you are sure that the broker will not take your money and run.
Final Thoughts
9Cents has a lack of regulation, combined with very low scores from its customers for poor support and high leverage (risk), which puts the broker into a very high-risk category. Before trading with any broker, traders should understand their levels of acceptable risk, verify the broker’s claims through their own independent research, and make sure they use only regulated brokers.
How Scams Report Helps Victims Recover Lost Funds
If you’ve lost money to 9Cents Broker or a similar platform, Scams Report can guide you through potential recovery options.
Our Services Include:
- Free Case Evaluation: Review your situation and suggest a recovery path.
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We provide personalized support and step-by-step help to increase your chances of recovering lost funds.
About Scams Report
Scams Report is an independent organization that exposes online investment frauds and helps victims recover lost money. Our experts have over a decade of experience tracking scam websites and maintaining a live database of fraudulent brokers.
We publish verified scam alerts, broker reviews, and recovery resources to protect traders worldwide and promote financial awareness.
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Disclaimer: Online reports, user reviews, and publicly accessible data served as the foundation for this analysis. It is meant to be educational. Before investing with any broker, always do extensive research.
