Is 69Brokers a scam or legit broker?

No, it is not safe to trade with 69Brokers. The broker doesn’t provide any information about the company behind the brand’s name as well as any regulatory information.

69Brokers presents its users with the optimal platform for investing in Forex, Futures and Commodities. The company’s HQ is located in Matam, London, Sydney, Limassol and Sofia. They also provide British office address and British contact numbers, however, the broker does not carry a license from British regulator – Financial Conduct Authority. It is not regulated by any other authorities as well, which means the company has been targeting people without a legal right for that.

69Brokers review

In addition, the Swiss Financial Market Supervisory Authority (FINMA) has issued a warning against 69Brokers:

Is 69Brokers a scam or legit broker?

We have also found out that 69Brokers have been known for withdrawal issues and downtime of their trading platform and website, which is actually full of spelling errors.

We advise all investors and traders to avoid 69Brokers and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as City Index and XM.com.

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