The prop trading firm 99FX offers funded accounts across multiple account sizes. The company claims establishment in 2018 and lists its physical address at 128 City Road, London, United Kingdom, though no certificate of incorporation is published on the website to verify this registration.
The prop firm operates through the website 99fx.co, with client area access at my.99fx.co The platform does not indicate regulatory oversight or hold trading licenses from financial authorities.
Contact options include email, contact form, WhatsApp, and telephone at +447537176044.
To begin the evaluation process with the prop firm, prospective traders must create a personal account 99 FX. The sign-up form collects standard personal information necessary to create a user profile. Following enrollment, participants select their desired challenge type.
The prop trading firm 99FX provides access to trading across multiple asset classes including commodities, cryptocurrency, indices, and forex through the industry-standard cTrader platform.
Traders receive full functionality including advanced charting tools, technical indicators, and order execution capabilities through cTrader's intuitive interface available on web, desktop, and mobile devices.
The prop firm 99FX structures its evaluation programs through three distinct pathways with varying parameters:
Challenger 2-Step program: This evaluation model provides account sizes ranging from $10,000 to $200,000, with participation fees between $69 and $629. Traders must achieve a 10% profit target in Phase 1 and 5% in Phase 2. The rules include a 5% maximum daily loss, a 10% overall drawdown limit, at least four trading days, and leverage of up to 1:100.
Challenger 1-Step program: Available with the same funding levels, this option charges fees from $90 to $699 and requires a single 10% profit target. Compared to the two-step model, the risk parameters are stricter, limiting daily losses to 3% and total losses to 6%. The program also specifies leverage up to 1:50 and a minimum of four trading days.
99FX GoFunded program: Unlike the evaluation models, this plan claims to grant instant access to funded accounts ranging from $3,000 to $100,000. Fees vary between $90 and $3,699. The stated trading conditions include a 3% daily loss cap, a 6% maximum total loss, no requirement for minimum trading days, and leverage up to 1:30.
Challenge fees are processed directly through the website using standard payment methods. Regarding withdrawing money from 99FX, traders who successfully obtain funded accounts may request profit payouts with processing times of 1-3 business days from request date, though withdrawals may take up to 7 days according to program terms.
Processing fees ranging between 1-3% apply depending on the chosen withdrawal method. It is important to note that original capital cannot be withdrawn under any circumstances, as only realized profits generated on funded accounts are eligible for payout.
All financial transactions are initiated through the personal account 99FX interface. For withdrawal inquiries, participants may contact +447537176044.
The platform offers structured evaluation programs with three distinct pathways. Prospective participants are strongly advised to study independent 99FX reviews and carefully assess all challenge rules before engaging with this prop firm.
The overwhelming majority of brokers are scammers. Traders can identify illegitimate ones by using free online resources. It is essential to verify the company's registration, the licensing of its services, and its operational history. It is also important to assess the completeness and authenticity of contact information and the transparency of trading conditions.
You can consult specialists who can help evaluate the broker and identify signs of fraud, and if necessary, assist in opening an account with a reliable service provider. A knowledgeable and comprehensive approach will help avoid negative trading experiences.
First and foremost, pay attention to the content of the comments. Excessively emotional opinions without specifics may indicate paid content. Additionally, a broker's positive reputation may be indicated by mass activity on a single online portal or forum. Another sign of fake reviews is their formulaic nature. Such comments are filled with general phrases and advertising slogans. Fraudulent projects use paid content to confuse traders and lure them into cooperation.
It is important not to fall for the tricks of company representatives. This can lead to additional financial losses. With legitimate brokers, withdrawing funds is a free service that is not subject to any fees such as insurance, taxes, commissions, etc.
If you need assistance in withdrawing capital, it is advisable to consult specialists. Timely consultation with experts can help achieve positive results and withdraw funds from the brokerage account.
In the case of scam brokers, account blocking may be related to a simple refusal to withdraw funds. Clients are accused of violating agreements, money laundering, technical work on the platform, etc. Such manipulations are aimed at depriving traders of the ability to withdraw capital.
When a brokerage account or personal account is blocked, it is better to use the services of professionals . Depending on the reason for the blockage, experts can find the optimal solution to the problem.
The reasons for the inactivity of a brokerage company's presentation portal can vary widely. Blocking due to numerous complaints, cessation of project activities, inclusion in the blacklist of trading platforms — all of this can lead to access issues to the broker's site. Additionally, unstable internet connection and browser restrictions can cause improper functioning of the resource.
If the official broker's website does not open, seek help from experts. They will advise on any questions and provide recommendations for further actions.
First and foremost, it is important to ensure that there are no assets in the account and no debts to the broker. If there are instruments in the investment portfolio, they should be sold, and you should wait for the settlements to be completed. After that, you can submit a request for the withdrawal of funds and the closure of the brokerage account.
If the broker refuses to fulfill requests, it is better to consult experts. They can assist in closing the brokerage account and recovering funds through chargebacks . When preparing to dispute transactions, it is necessary to gather all available evidence of cooperation with the project. This will help increase the chances of successfully initiating refunds.
