10 brokers: Scam or Trusted Broker?

Scammers 10 brokers: review of a scam project

What is our rating brokers for? Choosing a broker for Forex trading is a very important task, because entrusting money to a fraudster means simply losing it. Scammers pretending to be decent brokers are becoming more and more numerous, and the 10 brokers Scam is one of them. In this review, we will study the reviews of 10 brokers and the main information about this company, and come to a final conclusion whether it can be trusted or not.

About the company

The brokerage organization 10 brokers is a fairly young company, the year of its beginning is considered to be 2017. There is not much information about the location of the headquarters – we only know that it is located in Estonia. On the one hand, being located in an EU member state (if this is true at all) is a good thing, because most scammers are offshore brokers based somewhere in the Caribbean. On the other hand, the lack of accurate data regarding the address is a sign that the scammers of 10 brokers are simply masquerading as an honest broker, imitating activities in the legal field of the EU.

One of the positive aspects is the large number of languages. However, if 10 brokers is a Scam, then this can not be called an advantage, because the essence of language diversity then is an attempt to deceive as many people as possible, regardless of their nationality. In any case, the site is available in the following languages:

• Russian;
• English;
• Polish;
• Swedish;
• Arab.

According to the company's representatives, new language versions will be added in the future.

Personal account and trading conditions

In order to register a personal account, the trader must click on ""Get started"" and then fill out the form that opens. You should enter your first and last name, create and confirm a password, and select a currency. In General, standard procedure.

If there is an invitation promo code, the trader can specify it. Will it bring any real benefits? If we take the reviews of 10 brokers as a basis (by the way, there are quite a lot of Russian-speaking ones among them), the answer is unequivocal – no. However, to whom can a fraudster benefit at all, if not to himself? However, the promo code gives you access to the user account with all its functions and features. And this is a direct transition to trade deals.

As for the trading conditions, in words everything looks almost utopian. 

Here's what the broker offers:

• the minimum Deposit amount is only 50 USD / EUR/other base currency;
• there are no restrictions on the smallest order, the beginning is zero lots;
• ability to create a demo account.

Another reason to think that 10 brokers is a Scam is the lack of detailed information about trading conditions on the company's official Internet resources. Classic situation: promise excellent conditions without any specifics. However, this is sometimes enough to attract and then ""divorce"" inexperienced traders. To prevent you from making mistakes, there is a rating brokers section on our website. We recommend visiting and exploring it.
Trading platform and tools

10 brokers uses the following trading terminals;

• MT4;
• Tablet Trader;
• Web Trader.

The MT4 terminal can be used in both the computer and mobile versions. For the sake of objectivity, it is worth saying: optimization for Android and iOS is at a high level. But then we remember that 10 brokers are scammers, and this can't be considered a virtue.

You can trade the following assets:

• Currency pair;
• Contract for difference;
• Stock index.

Regulation and technical support

The broker does not have a single license or certificate that can confirm its quality and reliability. The company's activities are not controlled by any financial regulator, so the conclusion that 10 brokers is a Scam becomes obvious. And really, what else can you say about a broker who does not have a single document that would guarantee a high level of services or at least their integrity? Any knowledgeable trader understands that a broker must necessarily have a license that would allow him to engage in such activities. Otherwise, the brokerage organization is completely ""open"" to fraud, and it is not even clear where exactly to apply for legal assistance.

We go to the official website of 10 brokers and see that the ""contacts"" section and generally any feedback is missing. All that the broker offers clients is to call the phone number +442031294988. In addition, the site does not say a word about who the company's Creator is, who the developer is, there is no data about the current team composition, and so on. Such secrecy is the first sign of scammers.
Training, deposits and withdrawals

In the brokerage company 10 brokers, clients are not given the opportunity to expand the theoretical base, because there is no educational block. There are no informational articles, reviews, e-books, and so on. The company does not conduct seminars, webinars, or training courses. And this, by the way, is not just a sign that 10 brokers are scammers, but also a sign of their irresponsible approach even to fraud. After all, adding training materials to the site is not difficult, but it will attract new customers, especially beginners. Apparently, the creators of the project understand that the site is about to be closed and just do not want to waste time.

There is no information about Deposit/withdrawal methods on the site. In order to find out everything, you need to write to technical support. The lack of specifics is a very disturbing symptom. It is obvious that technical support will be interested in the client investing money, and not interested in withdrawing money.

Online opinions of traders

A huge number of factors indicate that the fraudster 10 brokers is not trustworthy. First of all, this is confirmed by the reviews of 10 brokers, which clearly indicate the fraudulent nature of this project. A few positive (most likely, custom-made) reviews can not cover all the negative, and traders actively complain that:

• money is lost from the account;
• trades are selected with a deliberately unsuccessful outcome;
• the administration and technical support do not provide any real help.

A number of objective data also indicates that 10 brokers is a divorce. For example:

• uninformative content of the site;
• almost complete lack of feedback;
• conducting brokerage activities without permits;
• lack of specifics about how to deposit funds, withdraw money, trading conditions, accounts, and so on.

A number of users also note subjective negative factors, complain about the inconvenient interface, "sagging" of the terminal, and so on.

Conclusion

Whichever way you look at it, the advantage of the minuses of 10 brokers over the pluses is undeniable. Frankly, there are no positive aspects at all. And even a good optimization can not be attributed to them, because its task is still the same – to ensure that the trader loses money.

One conclusion can be drawn: 10 brokers cannot be contacted under any circumstances. These are outright scammers who already have a negative reputation in the Network. Obviously, fully deserved. Don't forget to check our rating of binary options brokers to protect yourself from such a Scam.