10Brokers Review (2023)

Founded
2018
Avoid Reason
No license

About 10Brokers
🗺️ Registered in Estonia
🗺️ Type of License No License
🛡️ Is 10Brokers safe to trade No
🗺️ Recommended Licenses FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative Broker GO Markets - licensed by ASIC in Australia

10Brokers is a broker that offers to trade with such assets as Forex, CFD, commodities, indices, and cryptocurrencies. The company is owned and operated by Euro Wealth OÜ that claims to be based and registered in Tallinn, Estonia. However, we didn’t find any records about 10Brokers being regulated by the Estonian Financial Supervision Authority (EFSA). Although, the broker has actually been mentioned in the regulator’s records, unfortunately, those are the broker alerts and warnings:
“Finantsinspektsioon (the Estonian Financial Supervisory Authority) would like to inform clients and investors that Euro Wealth OÜ (previous business names AllProTech OÜ and Nostro Technology OÜ; registry code 14183116) does not hold an activity licence for the provision of investment services in Estonia and therefore AllProTech OÜ is not authorised to provide investment services in Estonia. The company offers the possibility to trade different derivatives through web page https://10brokers.com/.”
There is a big confusion with the names of the owner-companies of the 10Brokers, as we found at least 5 names that were associated with the broker this year. EFSA has already stated that Euro Wealth OÜ was previously named as AllProTech OÜ and Nostro Technology OÜ and these two companies were blacklisted as well. Also, KHO TEHCH Ltd. and FGM Technology Ltd were appearing next to the broker’s name. In addition, FGM Technology Ltd. (trading as 10Brokers) have been blacklisted by the UK’s FCA in June 2018:
“FGM Technology Ltd trading as 10 Brokers is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”


Conclusion

Considering all the cons of the broker, we don’t recommend trading with 10Brokers. Investing with a properly regulated broker is crucial for the safety of any investment. Here are some reliable regulators: UK’s FCA, the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).

Reviews

Melissa Says:
At: 1 year ago
Hi my name is Melissa, I was scammed by a Binary online website in march. I lost about $350,000 to them and they denied all my withdrawal request, and gave me all sort of filty request. It was a really hard time for me because that was all I had and they tricked me into investing the money with a guarantee that I will make profit from the investment. They took all my money and I did not hear from them anymore. I was able to recover all the money I lost just last month with the help of Lucas Jones. I paid 10% of the recovered funds as his service charge after I got all my money back. I am really grateful to him because I know a lot of people here have been scammed and need help. Contact him using the email above:([email protected])
Melissa Says:
At: 1 year ago
Hi my name is Melissa, I was scammed by a Binary online website in march. I lost about $350,000 to them and they denied all my withdrawal request, and gave me all sort of filty request. It was a really hard time for me because that was all I had and they tricked me into investing the money with a guarantee that I will make profit from the investment. They took all my money and I did not hear from them anymore. I was able to recover all the money I lost just last month with the help of Lucas Jones. I paid 10% of the recovered funds as his service charge after I got all my money back. I am really grateful to him because I know a lot of people here have been scammed and need help. Contact him using the email above:(lucasjones1604 AT Gmail mail.com)
Victoria Marcus Says:
At: 1 year ago
I recently fell victim to Bitcoin trading scams with 3 different companies and one company I was trying to get a loan from. It is about $60,000USD in total that I have invested with these companies. I reported the issue to the authorities, but they could not do anything since scam reports are often ignored. One of the officers who seemed to be really moved by my situation gave me an email [email protected] and told me that someone who had previously fallen into a crypto scam managed to get their investments through the help of the contact. I emailed them immediately and provided all the contact numbers, email addresses, and websites that they use as also the emails with the BTC Transaction details. After what seemed like the longest three days of my life, I had the location details of all three scammers and my money in full.