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9XProfits

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Operating status: SCAM

Website: https://www.9xprofits.com/

Broker violations and abnormal records
  • 2023-10-07 The FMA issued a Warning against 9XProfits

    On 4 October 2023, the Financial Markets Authority New Zealand(FMA) issued a warning that COZ FX was providing financial services or products without authorisation. You may visit: https://www.fma.govt.nz/library/warnings-and-alerts/9xprofits/

    On 4 October 2023, the Financial Markets Authority New Zealand(FMA) issued a warning that COZ FX was providing financial services or products without authorisation. You may visit: https://www.fma.govt.nz/library/warnings-and-alerts/9xprofits/
  • 2023-10-07 BrokersView has Reviewed that ​9XProfits is an Unregulated Broker

    According to its website, it is located in UK, upon investigation, there is no matching information was found in the Financial Serivces Authority (FCA).

    In addition, The Financial Markets Authority New Zealand (FMA) issued a warning that 9XProfits.

    The truth is that 9XProfits is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. 

    Therefore, 9XProfits is a scam.

    According to its website, it is located in UK, upon investigation, there is no matching information was found in the Financial Serivces Authority (FCA).In addition, The Financial Markets Authority New Zealand (FMA) issued a warning that 9XProfits.The truth is that 9XProfits is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, 9XProfits is a scam.

Related Complaints

Q&A

Are my funds safe with 9XProfits?

Horace
Paraguay
2023-11-01
ANSWER No, your funds on 9XProfits are not safe due to its fraudulent nature. Therefore, we urge you to withdraw your money as soon as possible and do not have further dealings with the platform.9XProfits fails to disclose its regulatory information, which is a scam indicator. Legitimate counterparts always prominently display their accreditation and licenses to ensure transparency, whereas the lack of such information may suggest that it is a scam.While it claims to be located in the UK, there is no indication that it is registered with the Financial Conduct Authority (FCA). Furthermore, the the Financial Markets Authority of New Zealand (NZ FMA) has issued a warning against 9XProfits, pointing to the fact it is not registered in this country and suspecting it is a scam.Therefore, 9XProfits appears to be a fraudulent scheme. Entrusting it with funds and personal information is highly risky as there are no rules in place to protect them from fraud and identity theft. To mitigate these risks, it is advisable to choose fully regulated brokers instead.
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