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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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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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