BrokersView has found that 9 Square FX appears to be a scam 9 Square FX does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia. While we can confirm that there is a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. Being unregulated is a major red flag for a fraudulent operation. Therefore, 9 Square FX appears to be a scam.

Is 9 Square FX accepting individual traders? Dear Investor, We advise against using the 9 Square FX platform. Our investigation reveals significant red flags regarding its legitimacy and regulatory status. 9 Square FX does not claim to hold a license from any recognized financial regulator; instead, it merely states that it is registered in Saint Lucia. While we can confirm that a company with the same name exists in the Saint Lucia International Financial Centre (IFC) registry, it is critical to understand that this registration only grants it International Business Company (IBC) status. An IBC registration in Saint Lucia does not constitute a valid financial license for forex trading. Operating without a valid financial license is a definitive major red flag for fraudulent operations. Based on these findings, 9 Square FX appears to be a scam. We strongly recommend that you avoid any engagement with this broker to ensure the safety of your capital. View Source