Company profile
Note: 10Markets' official website: https://www.10markets.com/ is currently inaccessible normal.10MarketsReview SummaryFounded2015Registered Country/RegionVanuatuRegulationNot regulatedMarket InstrumentsCurrencies, stocks, indices, and sharesDemo Account/LeverageUp to 1:200EUR/USD Spread1.1-1.5 pipsTrading PlatformMT4, Mirror TraderMin Deposit$250Customer SupportTel: +381 113216897Email: support@10markets.com 10Markets is a trading name of Badale Invest Ltd, a company registered in Scotland. 10Markets is not subject to any regulation at this stage. Professional traders are not choosing unregulated brokers as they cannot guarantee fund safety.Pros and ConsPros Cons Various trading assetsInaccessible websiteMultiple accounts typesNo regulationPopular trading platform MT4Limited info on trading feesHigh minimum depositIs 10Markets Legit? No, 10Markets operates without regulation. And it is also present in the warning lists of UK‘s FCA, Australia’s ASIC and Cyprus CySEC. Traders should be cautious.What Can I Trade on 10Markets?Tradable Instruments Supported Currencies ✔Stocks ✔Shares ✔Indices ✔Commodities❌Cryptocurrencies❌Bonds❌Options ❌ETFs❌Account Type 10Markets offers five account types: Bronze, Silver, Gold, Premium and Platinum.Account TypeMin DepositMin Trade SizeBronze$2500.01Silver$2 5000.1Gold$5 000Premium$10 000Platinum$25 000Leverage In regard to trading leverage, the maximum leverage level offered by 10markets is up to 1:200. This trading leverage is already enough for even more aggressive trading strategies. Inexperienced traders, however, are not advised to use too high leverage in case of heavy fund losses.Spread Spreads related information is not fully disclosed on the 10markets official website. According to sector standard, the spread on EURUSD pair is around 1.1 pip to 1.5 pips.Trading Platform 10markets offers traders the most popular MT4 trading platform on the market, as well as the MT4 desktop, web and mobile app versions. In addition, clients can also trade through Mirror Trader.Trading PlatformSupported Available Devices Suitable for Mirror Trader✔WebExperienced tradersMT4✔Desktop, Web and MobileBeginnersMT5❌/Experienced tradersDeposit and Withdrawal 10Markets accepts deposits and withdrawals via credit/debit card, wire transfer, ecoPayz, POLi, CashU, giropay, iDEAL, and WebMoney.
Is 10Markets safe or scam
Mayaz Ahmad
Bangladesh
This broker has been reported as scam and unregulated in a popular website, and this broker has been banned from doing business in many countries.It is unsafe to invest or trade in this company.
Exposure
2021-05-10