Updated on March 27, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding 10Brokers due to the issues we've identified.
Is 10Brokers Scam or Legit Broker? ▲
Engaging in trading activities with 10Brokers poses significant risk and is strongly discouraged. This broker has raised considerable suspicion of being a fraudulent operation. Despite claiming an Estonian base, 10Brokers lacks registration with Estonia's financial oversight authority, rendering its offer unreliable. Trading with unregulated or offshore brokers frequently leads to scams, resulting in substantial financial loss for traders. Given these red flags, it is clear that 10Brokers does not provide a secure trading environment.
Registered in: Estonia
Type of License: No License
Is 10Brokers safe to trade: No
Recommended Licenses: FCA in the UK & ASIC in Australia
10Brokers represents itself as a brokerage entity providing trading opportunities across a spectrum of assets including Forex, CFDs, commodities, indices, and cryptocurrencies. The company, owned by Euro Wealth OÜ, proclaims its registration and operation base in Tallinn, Estonia. Nevertheless, our investigations failed to uncover any regulatory approval from the Estonian Financial Supervision Authority (EFSA) for 10Brokers. Contrarily, the broker has been the subject of regulatory alerts and warnings, indicating a lack of authorization to offer investment services within Estonia. The complicating factor is the multiplicity of names associated with 10Brokers' ownership, which has been flagged by the EFSA. Further compounding the broker's dubious reputation, the UK's FCA has blacklisted FGM Technology Ltd., trading as 10Brokers, for unauthorized regulated activities. These findings underscore the broker's illegitimate operational status.
After thorough consideration of the broker's drawbacks, it is clear that engaging with 10Brokers is not advisable. The safety of investments hinges on the regulatory status of a broker. Esteemed regulatory bodies such as the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC) are indicative of a broker's reliability.
Our recent findings reveal that the 10Brokers website is no longer accessible, indicating a cessation of its trading services. Although the operation appears to be discontinued, caution is advised against any future interactions or propositions from this broker. The absence of an active trading platform further cements our recommendation to steer clear of 10Brokers and to remain vigilant for any potential scams.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
10Brokers Review 2024
Please Please Please be careful out there because there are many fake crypto investment trading companies so as there are also many fake crypto recovery companies out there who claims to be real and legit. I was a crypto scammed victim who lost over $405,000 to a fake crypto trading site which after i was scammed i was needing a serious help for my crypto scammed funds recovery which unlucky for me i fell for a fake recovery company which scammed me $12,000. Belive me the whole situation got me frustrated and i was in bitter tears of pain becuse i lost both my life savings and also the money i borrowed from bank... So a month after of depression i was scrolling on a site called ’Scam Detector’ on the internet which i saw a review of one lady on the site giving testimony on how her crypto scammed funds was recovered successfully so i was thinking i was going to fall for another recovery company to scam me again but something truly moved me in my heart to contact the recovery company that helped the lady recover her scammed funds... So i contacted the recovery company that helped the lady recovery her scammed funds via the company’s email id, after few hours the recovery company gave me feedback asking me how I found them and who referred me to them so I told the recovery company how I found them and how I got in contact with them, so the recovery company demanded me to send every details on how I was scammed and how much I was scammed and all that, I sent it to the recovery company every single details they requested and after 24 hours the recovery company gave me a trace result from my details I sent to them specifying that my scammed funds is possible to be recovered that I shouldn’t wasted time at the moment that they will only need to upgrade my account from a basic account type to this TPM account type so that I can be able to make my withdrawals to my bank account or to my crypto wallet and the recovery company told me that before they will do that, that I will have to pay a TPM upgrade charge fee of $8,600 because my scammed funds is so much to be recovered because the bigger your scammed funds the higher your TPM upgrade charge fee and the smaller your scammed funds the lower your TPM upgrade charge fee.. honestly then I was stranded and I had no money with me because I was in debt condition and moreover I was thinking this recovery company is a scam too, so I had to take the risks to sale my Mercedes Benz GLK 2020 model just to raise funds and pay for the TPM upgrade the recovery company instructed me to pay.. so I raised the funds immediately and I paid for the TPM upgrade then in 48 hours my $405,000 was transferred to my bank account and when I received my scammed funds back I was in tears of joy and in shock too till date… so please please I’m taking my time to share these useful and helpful information to scammed victims out there because I know how frustrating and depressed it feels to be scammed.. if your a crypto scammed victim and you really want to recover your crypto scammed funds do well to contact this recovery company that recovered my $405,000 successfully to my bank account via the recovery company’s Email id : paybackrecoveryltd at hotmail dot com
Once you contact the recovery company do well to follow the recovery company’s instructions and make sure you send the recovery company your details and how you were scammed and how much you were scammed details correctly and once the recovery company demands you should pay for the TPM upgrade charge fee for the funds recovery please don’t waste time just pay the recovery company the TPM charge fee immediately, if you don’t have money for the TPM upgrade charge fee just do everything possible to borrow money just to make sure you pay for the TPM upgrade charge fee on time because in recovering of scammed crypto funds delay is dangerous
Hello my name is Sandra from Ohio, US I was once lured into a cryptocurrency investment platform that I came across on Instagram. I lost about $208,000USD to these evil scammers after I invested and accumulated profits, I was denied withdrawals on the specified date. I wrote to the customer support but I was given no feedback, I knew I had been scammed and I started to search for a way to recover my crypto.. I considered myself fortunate that I stumbled upon a post on the internet web about a Recovery Expert Mr Lucas Jones. I would highly recommend Mr Lucas Jones to anyone who wants to recover their lost funds from any scammers. They are the best in the business and they will do anything possible to help you get your money back. I never thought it would be possible to get back my bitcoin once it is sent but I'm super happy and grateful for the services of LUCAS JONES, If you ever find yourself in the bewildering world of crypto troubles, do not hesitate to reach out to this digital hero. Trust me, he is the one you need by your side! you can reach him through his email address:lucasjones1604@gmail.com