When it comes to online trading, there is one big question – could the broker scam you? The best answer to that is the 10TradeFx regulation. If the broker is regulated, the chances are lower. However, you should gather all the information and make your decision. So, let’s start.
|Regulated by:||FSA, CySEC|
|Headquarters Country:||Seychelles, Cyprus|
|Types of Assets:||FX, commodities, stocks, indicies, crypto|
- Regulation and Security
- In which countries does this broker work?
- Is it possible to make money with an 10TradeFX?
- Scammed by 10TradeFX?
- But what is a chargeback?
Regulation and Security
10TradeFX broker is owned by Holiway Investments Ltd. The broker has an entity in Nicosia, Cyprus, and the other one in Seychelles. CySEC and FSA regulate the company. The same company owns another trading brand MiltonPrime.
When it comes to security of the funds, according to its website, the company is holding the funds in the tier-1 EU banks. Which banks? We can’t tell.
In which countries does this broker work?
According to its CySEC regulation, the company can provide financial services within the EEA zone. As a registered CIF, the broker can also offer services in third countries if it complies with their trading regime. In this case, 10TradeFX can provide services in Singapore and Vietnam. All the other areas are under the entity regulated in Seychelles.
The important thing to mention is that the company does not provide services to residents of the US.
Is it possible to make money with 10TradeFX?
10TradeFx broker is offering its clients trading on the MT4 platform. The assets broker is offering are various – currency pairs, commodities, indicies, stocks, and cryptocurrencies.
The minimum deposit with the broker is $200.
When it comes to making money, it mostly depends on your trading skills. However, withdrawing that money is another story. If you wish to make withdrawals, you might experience issues, especially if the broker has an offshore regulation. Those regulations are not as firm as top-tier such as FCA or ASIC.
According to our review, it is possible to make money with 10TradeFX. Yet, some clients experienced issues with withdrawals. The broker is delaying, giving many excuses, and not approving withdrawal requests. The question is what to do when such a thing happens.
Scammed by 10TradeFX?
If you were scammed by 10TradeFx broker, do not hesitate to ask for help. You are not the only victim of a scam, and there is a possibility to get your money back. You need to file a dispute and ask for a chargeback.
But what is a chargeback?
A chargeback is a way to refund your card if you were a victim of an online scam. Contact our support immediately and let’s get your money back!
Is 10TradeFX a good broker?
10TradeFX is a broker regulated by FSA and CySEC. The broker has an offshore entity in Seychelles that is always risky to trade with.
Is 10TradeFX a Scam?
10TradeFX broker is regulated by FSA and CySEC. However, some clients experienced issues with funds withdrawals.
Is 10TradeFX regulated?
Yes, the broker is regulated by CySEC and FSA Seychelles.
Where is 10TradeFX broker based?
The broker has two entities – in Cyprus and Seychelles.