ANSWER Dear Investor,Thank you for reaching out. We are concerned that 9cents is an unlicensed broker.Alleged Offshore Registration: While 9cents claims to be registered in St. Lucia, it is important to note that offshore regulation provides minimal protection for investors. Moreover, the claimed registration does not mean it is licensed by the financial regulator there. The St. Lucia Financial Services Regulatory Authority (FSRA) does not license forex trading.Lack of Licenses: Despite claiming a Dubai address, we have not found any corresponding records from relevant financial watchdogs to substantiate its legitimacy. This indicates that it is not operating in a regulated environment.Therefore, we strongly advise against using 9cents. For a safer trading environment, we recommend opting for fully regulated brokers instead.
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