After reviewing 99FX, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is 99FX?
On the surface, 99FX looks like an ordinary forex and crypto broker. Its public site is presented at https://99fx.co/en. But surface impressions are exactly what these operations rely on — the substance behind 99FX is where the problems begin.
Is 99FX regulated?
We could find no evidence that 99FX holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Opaque or anonymous corporate ownership
- Unrealistic profit claims and pressure to deposit more
- Account dashboards that show “gains” with no real market exposure
- Offshore or shell-company registration used to avoid oversight
- No credible physical address or verifiable corporate record
Our analysis
99FX claims that its entity is registered in the UK and displays several certificates, our investigation confirms that none of these documents constitute a valid license from a recognized financial regulatory authority. We also found no record of 99FX Ltd being authorized or regulated by the UK's Financial Conduct Authority (FCA). The only registration we could verify for this entity is with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, this registration merely grants the company International Business Company (IBC) status, which does not equate to a financial license, as the SVG FSA has publicly stated that it neither regulates nor licenses forex trading activities. 99FX is in essence unlicensed by any regulator. Therefore, 99FX appears to be a scam.
Can you recover money lost to 99FX?
If you have deposited with 99FX, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by 99FX?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.