• Company name: 10Markets
  • Registration/license: Vanuatu
  • Registration/license requirement: USD 2,000

Is 10Markets a regulated forex broker or a scam?

no, 10Markets broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

10Markets is a Forex and CFD broker. There is no information about company’s location as well as the decent regulation. The phone numbers provided on the website have South African, Serbian and Russian country codes, so we can only guess where the broker is based.

The firm is licensed by the Vanuatu Financial Services Commission. It is a popular offshore area for many brokers, who look for easier ways of getting the license. In Vanuatu, the registration fee is around USD 2,000, and the minimum capital requested (the security bond) is USD 50,000.

Comparing the license from UK’s Financial Conduct Authority, it requires EUR 125,000 of capital (aside from client deposits) for the STP license. The regulator also provides the segregation of funds and negative balance protection.

No news available.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code