Basic Information
Pros and Cons
Pros
- Low minimum deposit of $10
- Offers trading in various asset classes
- Web-based trading platform accessible on multiple devices
Cons
- Lacks valid regulatory oversight
- Mixed market reputation
- Withdrawal delays reported
- Higher-than-average withdrawal and inactivity fees
- Limited transparency on fees and leverage
Is 9expert Safe and Legit?
9expert, registered in Cyprus as Digital Smart CY Limited in 2024, operates for 1-2 years, offering trading in forex, stocks, indices, commodities, and ETFs with a low minimum deposit of $10. However, the broker does not disclose information regarding leverage and spreads, and utilizes a web-based trading platform compatible with multiple devices.
Despite being based in a recognized jurisdiction, 9expert lacks valid regulatory oversight from authorities such as CySEC, FCA, or ASIC, raising concerns about its safety and legality in trading operations.
Market reputation for 9expert is mixed, with users reporting challenges regarding customer service, higher-than-average withdrawal and inactivity fees, and a lack of transparency. Complaints regarding withdrawal delays and unclear fee structures have been noted, suggesting a cautious approach for potential traders considering this platform.
Is 9expert a Regulated Broker?
What Are the Regulatory Licenses Held by 9expert?
9expert, registered as Digital Smart CY Limited in Cyprus, does not hold any valid regulatory licenses. The broker operates without oversight from mainstream regulatory authorities such as CySEC, FCA, or ASIC. This lack of regulation raises significant concerns regarding the safety and legality of its trading operations. Potential traders should be aware that 9expert is not regulated, indicating a higher risk in trading with this platform. There are no offshore licenses reported either.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
9expert does not provide specific details on whether client funds are held in independently regulated bank accounts or details regarding the segregation of assets. Additionally, there is no information indicating participation in any investor compensation funds or insurance schemes, which raises concerns about the protection of traders’ funds.
9expert Leverage
As there is no available information on leverage specifics, potential traders should be aware that 9expert does not disclose leverage multiples for product categories. This lack of transparency can be a critical factor for traders assessing risk and compliance with local regulatory requirements, particularly for retail or professional classifications.
9expert Withdrawal Review
How to Contact 9expert?
Complaints about 9expert primarily focus on withdrawal issues, with users frequently reporting delays and higher-than-average fees. Credible sources of complaints include user reviews and forums where traders share experiences. The broker has been criticized for its customer service response times, which appear to be slow and inconsistent. There are indications of repetitive complaints regarding withdrawal processes, but no evidence suggests regulatory penalties or warnings have been issued against 9expert. The overall market reputation is mixed, raising concerns about its safety and legitimacy as a trading platform.
Frequently Asked Questions
A1: 9expert, registered as Digital Smart CY Limited in Cyprus, operates without valid regulatory oversight from recognized authorities like CySEC, FCA, or ASIC. This lack of regulation raises significant concerns regarding the safety and legality of its trading operations, suggesting a cautious approach for potential traders.
A2: 9expert does not hold any valid regulatory licenses and operates without oversight from mainstream regulatory authorities such as CySEC, FCA, or ASIC. This indicates a higher risk for traders considering this platform.
A3: 9expert does not provide specific details regarding the protection of client funds, such as whether they are held in independently regulated bank accounts or if there is asset segregation. There is also no information on participation in investor compensation funds or insurance schemes, raising concerns about fund safety.
A4: Users commonly report withdrawal issues with 9expert, including delays and higher-than-average fees. Complaints also highlight slow and inconsistent customer service response times, which contribute to a mixed market reputation for the broker.
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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.