The BCSC issues a warning against 99Stock Trades On November 3, 2023, the British Columbia Securities Commission (BCSC) issued a warning against 99Stock Trades, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/99stock-trades
99Stock Trades
VisitRisk Level - High
99Stock Trades
Risk Level - High
Scam Evidence & Warnings
BrokersView has reviewed that 99Stock Trades is an unregulated broker 99Stock Trades fails to disclose its regulatory information, which is a significant scam indicator, as legitimate brokers always prominently display such information to ensure transparency.99Stock Trades is not transparent about its actual operator. It lacks a customer service phone line and vaguely states its location as being in the United States. We conducted a search in the register of the National Futures Association (NFA) but didn't find any records matching it.Furthermore, the British Columbia Securities Commission (BCSC) has issued a warning against 99Stock Trades, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.In essence, 99Stock Trades is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 99Stock Trades is unequivocally a scam.
BrokersView has identified that 99Stock Trades' website is currently offline BrokersView found that the domain "https://99stocktrades.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
I live in the US. Does 99Stock Trades accept me to trade? Despite claiming to be based in the US, 99Stock Trades is not a member of the National Futures Association (NFA) and not subject to the supervision of the Commodity Futures Trading Commission (CFTC) and NFA. As per US law, this unregistered trading platform is not allowed to accept US customers. Therefore, we strongly suggest you avoid it at all costs, as it operates outside the regulatory framework and carries significant risks.In addition, the warning from the British Columbia Securities Commission (BCSC) further substantiates that 99Stock Trades is not a reliable forex broker. According to the BCSC, 99Stock Trades hasn't been registered in this jurisdiction and illegally conducting investment activities.In light of these negative signs, investors should steer clear of 99Stock Trades, or they will be exposed to fraud and identity theft. To protect their interests when trading, traders are advised to choose fully regulated brokers. View Source
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