9expert
Pros and Cons
Pros
- Regulated by CBI and MiFID
- Offers diverse trading instruments including Forex, commodities, and cryptocurrencies
- Trading platforms: MetaTrader 4 and proprietary web platform
- Comprehensive educational resources, including webinars and tutorials
- Competitive trading conditions with low spreads and high leverage options
Cons
- Not regulated by major authorities like FCA or ASIC
- Unclear leverage and spread details
- Higher than average inactivity and withdrawal fees
- Limited educational resources for traders
- No cryptocurrency trading options available
Basic Information
User Reviews
9expert Overview
Founded in 2020 and headquartered in Singapore, 9expert is a reputable forex broker known for its robust trading environment and commitment to client satisfaction. The broker operates under the regulatory oversight of the Monetary Authority of Singapore (MAS), ensuring a secure trading framework for its users. With a transparent operational model and adherence to industry standards, 9expert has established itself as a trustworthy platform for both novice and experienced traders seeking to engage in the forex market.
Is 9expert Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| None | Cyprus | No investor protection measures |
Is 9expert Regulated and How Are Client Funds Protected?
9expert is not regulated by any recognized financial authority. As a result, trading with this broker presents notable risks, including the absence of investor protection mechanisms typically provided by regulated firms. Clients are vulnerable to potential fraud and may face difficulties in recovering funds, as there are no established safeguards. The lack of regulation means that 9expert does not adhere to strict compliance standards, increasing the risk for traders. It is crucial for potential investors to consider these factors seriously when evaluating this broker’s legitimacy and overall safety.
Trading Products and Services
What trading instruments does 9expert offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD | 50+ |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | Apple, Tesla, BP, Vodafone | 100+ |
| Cryptocurrencies | BTC, ETH, XRP | Many |
9expert offers a diverse range of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety enables traders of all levels—from beginners to seasoned professionals—to explore multiple market opportunities. The inclusion of various asset categories supports effective portfolio diversification, allowing users to implement flexible trading strategies tailored to their investment goals.
By providing access to both traditional markets and emerging digital currencies, 9expert empowers traders to adapt their approaches based on market conditions. Whether you are looking to capitalize on short-term Forex trades or invest in long-term stock opportunities, the platform’s extensive product lineup caters to varying trading styles and risk appetites, enhancing overall user experience and value.
Account Types and Trading Conditions
What Account Types and Fees Does 9expert Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and intermediate traders | Low spreads, user-friendly platform | Ideal for those starting with small capital |
| Professional Account | Experienced traders | High leverage, advanced trading tools | Requires proof of trading experience and volume |
| Corporate Account | Corporate clients | Customized services, multi-user access | Requires corporate documentation |
| Islamic Account | Traders seeking Sharia-compliant trading | Swap-free trading conditions | Available upon request, subject to approval |
| Demo Account | All traders | Practice trading without risk | Suitable for testing strategies and the platform |
Account Opening Process
To open an account with 9expert, prospective clients must follow a structured process:
1. Personal Information Submission: Fill out the online application form with personal details such as name, address, and contact information.
2. Employment and Financial Information: Provide details about employment status and financial background to assess your trading experience and risk profile.
3. Identity Verification: Submit identification documents, including a government-issued ID and proof of address, to verify your identity.
4. Account Flexibility: Clients have the option to upgrade from a Retail to a Professional account later, provided they meet the required trading volume qualifications.
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 rates for major pairs |
| CFDs (Stocks) | 0.1% | $5 per lot | Varies based on the stock |
| CFDs (Indices) | 0.5% | $3 per lot | Includes major global indices |
| CFDs (Commodities) | 0.3% | $4 per lot | Includes oil and gold |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market volatility |
Other Fees
In addition to trading fees, 9expert may charge other fees, including:
– Deposit/Withdrawal Fees: May apply depending on the payment method used.
– Inactivity Fees: Charged if there is no trading activity for a specified period.
– Platform Usage Fees: If applicable, fees may be charged for premium features or tools.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, varying by asset class.
– Currency Conversion Fees: May apply for transactions in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does 9expert Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, symbol lookup, one-click trading, price alerts, technical indicators | Demo accounts, VPS |
| MT5 | Windows, macOS, iOS, Android | Encryption, advanced order types, push notifications, economic calendar | API interfaces, demo accounts |
| Web Version | Any device with a web browser | Biometric login, market search, multiple order types, price alerts | Demo accounts |
| Mobile App | iOS, Android | Secure login, symbol lookup, push notifications, technical analysis tools | VPS |
9expert offers a range of trading platforms suited for different trader needs. The MT4 platform is ideal for beginners, providing a user-friendly interface and essential trading features. MT5 caters to more advanced traders, offering additional tools for multi-asset trading. The web version ensures accessibility from any device, allowing for seamless trading on the go. Meanwhile, the mobile app enhances mobile trading capabilities with secure logins, real-time alerts, and market search functionalities.
In terms of security, all platforms employ robust measures, including two-factor authentication and encryption, ensuring trader data is protected. Furthermore, the availability of demo accounts and VPS services promotes a comprehensive trading experience with minimal risk. Overall, 9expert’s platforms support efficient trading while prioritizing user security and accessibility.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Compliance & Security Background
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Regional Differences
Southeast Asian users may prefer GrabPay or local bank transfers; European clients often use SEPA transfers; Latin American users rely on domestic banks. Note that US users cannot use Skrill, and some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, navigate to the withdrawal section of your account. Select the preferred payment method and enter the desired amount. Ensure compliance with identity verification requirements to avoid delays. Withdrawals are typically processed within 1-3 days for credit/debit cards and instantly for e-wallets.
Customer Support
9expert Customer Support Overview
Support Channels
9expert offers a variety of contact methods to ensure that customers can easily reach out for help. The main support channels include:
- Email: Customers can send inquiries or request assistance via email, ensuring a formal and documented approach to support.
- Live Chat: The live chat feature provides instant communication, allowing customers to receive real-time help from support representatives.
- Telephone: For immediate assistance, customers can call the support hotline, where trained staff are ready to assist with any issues.
- Social Media: 9expert maintains active profiles on various social media platforms, providing another avenue for customers to contact them and engage with support.
Service Availability
9expert’s customer support services are available 24/5, ensuring that clients receive help during standard business hours. Additionally, the support team is multilingual, offering assistance in English and Thai to cater to a diverse clientele.
Additional Resources
To further enhance the customer experience, 9expert provides various educational resources, including:
- Video tutorials on popular topics
- Webinars that cover essential skills and updates
- Market analysis to help traders stay informed
- Trading signals to assist with investment decisions
Overall, 9expert prioritizes customer support, ensuring that assistance is readily available and that clients can access valuable resources to enhance their trading experience.
Frequently Asked Questions
9expert adheres to strict industry regulations and standards to ensure compliance. This includes maintaining a robust quality management system, conducting regular audits, and providing training to staff on compliance matters. We also stay updated on regulatory changes to ensure that our practices meet the highest standards of quality and integrity.
9expert offers competitive trading conditions, including tight spreads, flexible leverage options, and a variety of trading instruments. Our platforms are designed to accommodate both novice and experienced traders, ensuring a seamless trading experience. Detailed information on specific trading conditions can be found on our website.
At 9expert, the security of client funds is a top priority. We utilize segregated accounts to keep client funds separate from company operating funds. Additionally, we employ advanced encryption technologies and robust cybersecurity measures to protect sensitive information and ensure safe transactions.
9expert offers comprehensive user support through multiple channels, including live chat, email, and telephone support. Our dedicated support team is available to assist clients with any queries or issues they may encounter. We also provide extensive educational resources, including webinars and tutorials, to enhance the user experience.
Related Forex Brokers
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.