B9 Exchange is a forex broker that claims to offer a variety of trading services, including CFDs, forex, and cryptocurrencies. However, there is a lot of evidence to suggest that B9 Exchange is a scam.
Company Overview
B9 Exchange is a relatively new broker, having been founded in 2022. The company is registered in the Seychelles, but it does not have any licenses or regulations from any reputable financial authority. After doing some scam activities, they opened a new domain b9.com which is shown above.
Does B9 Exchange Have Any License?
No, B9 Exchange does not have any license from any reputable financial authority. This is a major red flag, as it means that the broker is not subject to any oversight or regulation.
Is B9 Exchange Regulated By Any Authority?
No, B9 Exchange is not regulated by any authority. They have a clear warning from the USA administration.
Pros and Cons
Pros:
- The minimum deposit is low.
- This trading platform is easy to use.
- There are a variety of trading instruments available.
Cons:
- The broker is not licensed or regulated.
- There have been reports of customer complaints.
- The spreads are high.
- The leverage is high.
How Does B9 Exchange Reach To Their Prey?
B9 Exchange uses a variety of methods to reach potential victims, including:
- Online advertising: B9 Exchange advertises heavily on social media and other websites.
- Cold calling: B9 Exchange representatives cold-call potential victims and offer them free trading signals or other incentives to sign up.
- In-person seminars: B9 Exchange hosts in-person seminars where they present false information about the forex market and how to make money trading.
Technical Details
Minimum Deposit:
The minimum deposit for B9 Exchange is $250.
Trading Platform:
B9 Exchange uses the MetaTrader 4 platform. This is a popular platform that is used by many other forex brokers. However, it is important to note that the MetaTrader 4 platform is not regulated by any authority.
Spread:
The spreads at B9 Exchange are high. This means that you will pay more when you buy or sell a currency pair.
Leverage:
The leverage at B9 Exchange is high. This means that you can control a large position with a small amount of money. However, high leverage can also magnify your losses.
Packages and Products They Offer
B9 Exchange offers a variety of packages and products, including:
- A basic package that includes access to the MetaTrader 4 platform and a live account.
- A premium package that includes access to additional features, such as technical analysis tools and educational resources.
- A copy trading service that allows you to copy the trades of other traders.
Withdrawal and Deposit Method
They offer a variety of withdrawal and deposit methods, including:
- Credit cards
- Debit cards
- Bank transfers
- E-wallets
What Do Their Previous Traders Say?
There are a number of complaints about B9 Exchange online. Some traders have reported that they have been unable to withdraw their money from the broker. Others have said that they have lost money trading with B9 Exchange.
Summing Up- Why Should Not You Trust B9 Exchange
There are a number of reasons why you should not trust B9 Exchange. The broker is not licensed or regulated, there have been reports of customer complaints, and the spreads are high. If you are looking to trade forex, it is best to choose a reputable broker that is regulated by a reputable financial authority.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money trading with B9 Exchange, you may be able to get your money back by filing a complaint with the Financial Conduct Authority (FCA) in the UK. The FCA is the financial regulator in the UK and it has the power to investigate and take action against forex brokers that are suspected of fraud.
Also, you can get help from us by submitting a report for your incident. We will provide you with free consultation and recovery service recommendations
File A Complaint Against Scam Broker's
Final Thoughts
B9 Exchange is a scam broker that you should avoid. If you are looking to trade forex, it is best to choose a reputable broker that is regulated by a reputable financial authority.
You Can Read Our Other Scam Reviews
Is PrimeCapitAssetXS.org Legit or A Scam Broker?
There are several reasons to be cautious about PrimeCapitAssetXS and consider it a potential scam broker. Here are some red flags: Lack of Regulation: A
Is Flybit Global Legit or A Scam Broker?
There are several reasons to be wary of Flybit Global and suspect it might be a scam broker review. Here are some red flags to
Is CobeIM.net Legit or A Scam Broker?
There are several reasons to be cautious about this broker and consider it a potential scam broker. Here are some red flags: Lack of Regulation:
