Forex 99FX Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

99FX Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@99fx.co

Contact Number N/A

Website 99fx.co

Balanced Review

Pros & Cons

Pros

24/7 customer support available
Diverse trading products including Forex, CFDs, stocks, and cryptocurrencies
Multiple account types for various trading needs
Competitive trading conditions with low spreads
Access to cTrader platform for trading

Cons

No valid regulatory oversight
High minimum deposit requirement of $900
Limited trading platform options (only cTrader)
Absence of demo accounts for practice
High leverage cap of 1:50

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	99FX	Anzo Capital	Focus Markets	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does 99FX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginner to intermediate traders	Access to a wide range of financial assets	Suitable for those starting in the forex market
Premium Account	Experienced traders	High leverage along with low spreads	Designed for those seeking advanced trading conditions
VIP Account	High-volume traders and institutional clients	Exclusive benefits and personalized services	Requires higher minimum deposits and trading volume

Account Opening Process

To open an account with 99FX, you need to follow a few straightforward steps. First, submit your personal information, including your name, email address, and phone number. Next, provide employment details and financial information to demonstrate your trading experience and financial capacity. You will also need to complete identity verification, which typically includes submitting a government-issued ID and proof of address, such as a utility bill. Once your documents are verified, your account will be activated, allowing you to start trading. Additionally, there is flexibility to upgrade your account to a professional account later if your trading volume meets the necessary requirements.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for major currency pairs
Forex (GBP/USD)	1.0	$0 (ECN: $3.5/lot)	Competitive pricing for trades
CFDs (Stocks)	0.2%	$10 per lot	Variable spreads based on liquidity
CFDs (Commodities)	0.5%	$5 per lot	Standard rates for commodity trading
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on market conditions

Other Fees

Traders should also be aware of additional costs associated with their accounts. These may include deposit and withdrawal fees, which can vary based on the chosen payment method. Inactivity fees may apply if an account remains dormant for an extended period. While there are no platform usage fees, overnight interest (swap rates) may incur based on the positions held overnight. Additionally, currency conversion fees may apply for trades involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

99FX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Nadhim Alghurabi

Iraq

★ ★ ★ ★ ★

99FX is one of the best trading companies and deserves all trust and appreciation. The company stands out with several strengths that make it an excellent choice for every trader: easy registration, fast activation, cooperative technical support available 24/7, diverse account types, low spreads, and fast trade execution. They also focus on trader development and offer real profit opportunities through competitions, bonuses, and modern educational tools. I recommend any serious trader to give 99FX a chance.

FX4061542555

Iraq

★ ★ ★ ★ ★

By God, it is the best company currently in terms of everything: the spread, withdrawals, and deposits. They also offer many things like competitions and funded accounts. Overall, I’m impressed with the services provided by 99FX.

أسعد ناظم

Iraq

★ ★ ★ ★ ★

I have faced issues with withdrawals from 99FX. Although their support is responsive, the delays in processing my withdrawals have been frustrating. I hope they can improve this aspect.

FX1877730752

Iraq

★ ★ ★ ★ ★

My experience with 99FX has been terrible. I tried to withdraw my funds, and it took weeks with no clear communication from their support team. I would not recommend this broker to anyone looking for reliable trading services.

Saint Vincent and the Grenadines Market