Is 9X markets Legit or a Scam? 5 Key Questions Answered (2025)

You are likely here because you are considering trading with 9X markets, but their very recent launch date has you worried about the safety of your funds. You are right to be cautious.

Here is what the data reveals about their safety and fees:

• WikiFX Score:1.21 (Extremely Low).
• Establishment: They were established in 2024.
• Registered Region: They are based in Mauritius.

When a broker has a score this low, it usually means the platform lacks the legal qualifications to operate safely. Let's dig into the specific data to see why.

Question 1: Is my money safe with 9X markets?

The Evidence:

According to the WikiFX database, 9X markets holds no valid regulation from any financial institution. The data explicitly states they are “Unregulated.”

The Verdict:

No. Your money is at significant risk.

The Explanation:

Why does this matter? Regulation is the only thing standing between you and a broker running away with your deposit.

• Tier-1 Regulation (The Gold Standard): Brokers regulated by agencies like the FCA (UK) or ASIC (Australia) must keep your money in a separate bank account. If they go bankrupt, your money is safe.
• Unregulated (9X markets): Because 9X markets has no license, they are not legally required to separate your funds from their own company expenses. This is known as Counterparty Risk. If they decide to close their website tomorrow, there is no government agency you can call to get your money back.

Question 2: Are the trading fees and leverage fair?

The Evidence:

WikiFX data provides the following spread and account structures:

• ECN Account: Spreads from 0.0 pips, but requires a $5,000 deposit.
• Premium Account: Spreads from 0.9 pips, requires a $2,500 deposit.
• Standard Account: Spreads from 1.2 pips, with no specified minimum deposit.
• Leverage: The maximum leverage ratio is currently Unknown/Not Disclosed.

The Verdict:

The fees seem low on paper, but the “entry price” is dangerous.

The Educational Context:

• The “Deposit Trap”: Notice that to get the competitive “raw” spreads (0.0 pips), you have to deposit $5,000 into an unregulated platform established in 2024. This is a massive risk. Legitimate brokers often offer raw spreads with much lower deposit requirements ($100-$500).
• Hidden Leverage Risk: Since the leverage data is missing, we cannot verify if they offer responsible limits. Unregulated brokers often offer 1:500 or 1:1000 leverage to lure beginners. While this sounds exciting, it often leads to a “Margin Call,” wiping out your entire account in seconds if the market moves slightly against you.

Question 3: What are real traders complaining about?

The Evidence:

While the specific text logs of user complaints are not currently displayed in this report, the WikiFX system summary issues a critical warning: “WikiFX has received 10 complaints against 9X markets within the past 3 months.”

The Explanation:

Even though we cannot read the individual stories right now, the volume of complaints is alarming.

• For a broker established in 2024 (less than a year old), receiving 10 complaints so quickly is a major red flag.
• Usually, complaints for new, unregulated brokers involve withdrawal refusals or severe slippage (where the price changes the moment you click buy).

Advice:

Do not ignore the complaint count. Where there is smoke, there is usually fire.

Final Verdict: Should I open an account?

Based on the WikiFX Score of 1.21 and the fact that 9X markets is Unregulated and was only established in 2024, our advice is straightforward:

Do NOT deposit funds with 9X markets.

The combination of zero regulatory oversight, high minimum deposit requirements ($2,500+ for decent spreads), and a recent surge in complaints makes this platform highly unsafe for your capital.

Instead, look for a broker with:

1. A WikiFX Score above 7.0.
2. A valid license from a Tier-1 regulator (FCA, ASIC, or NFA).
3. At least 5 years of operating history.

Brokers change their terms often. Before you click 'Deposit', take 5 seconds to verify their live status and latest certificate on the WikiFX App.