Nine Star Review

At FXCanary, our editorial team takes an evidence‑driven approach to broker assessments. For Nine Star, we cross‑checked regulatory databases in India and key international jurisdictions, including SEBI, RBI, FCA, ASIC, CySEC, and the FSC of Mauritius. We also scrutinised user‑review platforms and aggregated industry data, paying close attention to the substance of complaints rather than just summary scores.

Our investigation involved verifying the broker’s claimed corporate address, examining the historical trajectory of its domain names, and comparing its public representations against the reality found in real user accounts. This multi‑layered approach allows us to paint a complete and fact‑based picture of the risks involved.

Nine Star Broking Pvt Ltd lists its registered address as DBS House, 10/2 Hungerford Street, Kolkata – 700017, West Bengal. While the address exists, the firm records zero employees—an astonishing figure for a broker claiming decades of service. This suggests a mailbox company or a dormant shell rather than an operational trading entity.

There is also a clear conflict in the foundation date. The company description states it was founded in 1997, yet some official filings indicate a 2019 inception. In our experience, such discrepancies often arise when operators invent a heritage to appear established, while in reality the scheme was launched recently. Either way, the lack of a verifiable corporate history undermines any trust.

FXCanary’s review finds no record of Nine Star holding a licence from SEBI, RBI, FCA, ASIC, CySEC, or any other recognised regulatory body. In India, a broker offering equities, derivatives, or mutual funds must be a SEBI‑registered intermediary. The fact that Nine Star is not on SEBI’s public register means it is operating illegally if it is soliciting Indian clients for such products.

From a trader’s perspective, an unregulated broker offers no client‑fund segregation, no negative‑balance protection, and no recourse to a financial ombudsman. All legal and financial risk sits squarely on the client. In the event of a dispute, there is no authority that can compel Nine Star to return funds. This alone makes the broker an unacceptable choice for anyone seeking safety.

Legitimate brokers work hard to differentiate themselves with clear account structures. Nine Star, by contrast, publishes absolutely nothing about its account tiers, minimum deposits, spreads, commissions, or available leverage. We searched its website and public filings and could find no downloadable client agreement, no product disclosure statement, and no fee schedule.

This information vacuum is not an oversight; it is a typical characteristic of high‑risk and scam operations. Without published trading conditions, the broker can alter its terms unilaterally and can impose arbitrary fees or margin calls designed to wipe out client balances. New traders are particularly vulnerable, as they have no benchmark against which to judge the broker’s costs.

Nine Star’s promotional materials mention forex, commodities, equities, mutual funds, and even algorithmic trading. The mention of algo‑trading is a modern lure, attracting tech‑oriented investors. However, there is no evidence that the broker provides the infrastructure necessary for algorithmic execution, such as API access or common platforms like MetaTrader.

Moreover, the broker does not name any trading software it uses. In our review of user reports, no one describes a standard platform interface; instead, the experience appears to be through a custom, poorly functioning web interface. When a broker refuses to disclose its platform, it is reasonable to suspect that the trading environment is entirely fabricated, with price feeds that are manipulated to guarantee client losses.

While Nine Star does not formally disclose its funding methods, user reviews consistently indicate that cryptocurrency deposits are accepted. The complaints paint a uniform picture: deposits are processed quickly and without issue, but when a client attempts to withdraw—whether profits, initial capital, or both—the request is rejected or ignored.

One user recounted meeting an Asian girl on an exchange platform, being induced to invest in a ‘PAT’ cryptocurrency, and thereafter being unable to extract any winnings. Another reported that the platform changed its domain from 009.cash to nine.cash, and still blocked all withdrawals. These detailed, first‑hand accounts are the hallmark of a classic exit scam, where the operator takes deposits and then creates insurmountable obstacles to withdrawals.

Across all review topics we analysed, the feedback is 100% negative. Not a single user reported a positive experience. The scam concerns are explicit: “Scam !Scam !”, “this site is completely scam”, “it had the name 009.cash, but it swindled everyone”. Reviewers warn others not to invest and describe being contacted by strangers on Tinder and other social apps.

The platform‑related reviews add technical grievances: login malfunctions every few weeks, a site that repeatedly changes domain names, and general instability. Customer‑support complaints reveal that the broker stops responding altogether once a withdrawal request is made. These reviews are not isolated grumblings; they form a coherent narrative of a fraudulent enterprise that systematically misappropriates client funds.

Nine Star holds a Trustpilot rating of 2.4 out of 5, based on only 6 reviews. Even this modest score is misleading because the content of every single review is damning—the low volume masks the fact that the rating is built from extremely negative experiences. Forex Peace Army shows no score at all, which is often a sign that the broker is too small or too new to have generated community attention.

FXCanary’s independent Scam Risk Score of 75 out of 100 places Nine Star in the ‘Severe’ risk category. This score is driven by the absolute lack of regulation, the documented withdrawal blockade pattern, the company’s shiftiness regarding its founding date and employee count, and the rapid domain‑switching observed by users. In our calibrated model, a broker with these characteristics has a high probability of being a fraud.

Several user reviews note that Nine Star previously operated under the domain 009.cash before it changed to nine.cash. This tactic is textbook: scam operators regularly migrate domains to evade blacklists and to shed the weight of negative reviews. Although we did not find active clone sites at the time of writing, the brand is highly likely to resurface under a new name.

We strongly caution readers to be wary of any broker that shares the Hungerford Street address, claims a 1997 founding date, or offers algorithmic trading without a verifiable platform. When a broker’s identity is so fluid, any deposit can vanish into a new, nameless shell.

After an exhaustive review, we conclude that Nine Star demonstrates every structural and behavioural hallmark of a scam. It is unregulated, provides no transparent information on accounts, costs, or platforms, and has generated a clean sweep of user complaints that specifically cite blocked withdrawals and social‑engineering fraud.

Our recommendation is unequivocal: do not open an account with Nine Star, and do not deposit any funds. If you have already transferred money, you should treat it as lost and report the incident to local cybercrime authorities and your bank immediately. In the unregulated world of online trading, the safest choice is always a fully licensed, transparently operated broker—and Nine Star is the very opposite of that model.

FXCanary’s Scam Risk Score of 75/100 underscores the gravity of the danger. For traders seeking a secure trading environment, there are numerous regulated alternatives that offer clear terms, genuine fund segregation, and a track record of resolving customer disputes fairly.