9XPROFITS Reviews: Is Scam or Legit? Risky Investments?

Is 9XPROFITS Legit or Scam?

Red flags everywhere! 9XPROFITS is a clear sign of a scam broker. Here’s why:

• Missing Regulation: A legitimate broker will be licensed by a reputable financial authority. 9XPROFITS has none, raising serious doubts about their legitimacy and the safety of your funds.
• Unrealistic Promises: Guaranteed daily returns of 1.5% are simply not sustainable in real trading. This tactic is a classic hallmark of Ponzi schemes that lure investors with inflated returns before disappearing with their money.
• Blacklisted by FMA NZ: The New Zealand Financial Markets Authority (FMA) has already issued a warning against 9XPROFITS, further solidifying their status as a scam.

Company Overview

Services or Products

9XPROFITS offers “investment plans” with fixed daily returns, but it’s not real trading. They likely don’t invest your money at all.

If you have lost money to companies like ExpertOption, or FTX; please report it to us on our Report a Scam form.

Trading Platform & Leverages

There’s no transparency about the platform used. Legitimate brokers offer established platforms with various functionalities. Here, you’d likely get a fake interface to create an illusion of control. Leverage details are also absent, another red flag.

Spreads and Cost of Trading

Costs are not mentioned because the entire system is likely fictitious. Real brokers have spreads (difference between buy and sell prices) and commissions to consider.

License and Regulations

Crucially Important!

Legal Warning Against 9XPROFITS

The New Zealand FMA’s warning speaks volumes. Never invest with an unlicensed broker. It exposes you to significant risks, including:

• Loss of Funds: Without regulatory oversight, your money is not protected. If 9XPROFITS disappears, you’ll have no recourse to recover your investment.
• Manipulation: Unregulated brokers can manipulate prices and trading conditions in their favor, ensuring you lose.
• No Dispute Resolution: If you encounter problems, there’s no regulatory body to mediate or enforce fair treatment.

Deposit and Withdrawal Methods

Unclear deposit methods could involve risky options like cryptocurrencies, making it difficult to trace or recover funds. Withdrawal details are also absent, suggesting potential difficulties in accessing your money.

9XPROFITS Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Unlicensed brokers operate outside the law, putting your money at significant risk. Here’s why:

• No Protection: Regulatory bodies safeguard investors by ensuring brokers meet capital requirements, maintain accurate records, and handle client funds responsibly. Without this protection, you’re on your own.
• Market Manipulation: Unregulated brokers can manipulate prices and trading conditions for their gain, hindering your ability to make profitable trades.
• Unfair Practices: They can employ unfair business practices like hidden fees, unauthorized trading, and refusal to execute trades, leaving you financially disadvantaged.

Client Feedback

There are no genuine client reviews available, further raising suspicion. Legitimate brokers typically have a mix of positive and negative feedback on independent platforms.

How Can “Reviewsadvice” Help You If You Get Scammed?

Unfortunately, recovering funds lost to a scam broker is difficult. While Reviewsadvice can’t directly recover lost funds, they connect you with resources to fight back. If scammed by a broker, Reviewsadvice can help with:

• Filing Complaints: Guidance on filing against brokers who violate terms or withhold money.
• Recovery Specialists: Connecting you with services to potentially get your funds back.
• Withdrawal Issues: Assistance in filing complaints if you’re facing withdrawal problems.
• Disappearing Brokers: Help find experts to track down the broker and guide your next steps or you Can report to us today by the below form.