10 Crypto Market Reviews: 10 cryptomarket is another forex broker that plays fast and loose as regards to the information it provides. In the review below, we take an in-depth look at the features 10cryptomarket.com allegedly offers. This review basically answer the questions: is 10 crypto market legit? Is 10 crypto market reliable? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about 10CryptoMarket.
Table of Contents
10CryptoMarket Trading Platform
At first glance,1 we see that this broker claims to support neither the MT4 trading platform. They use web-based platform to offer assets such as Forex (with leverages undisclosed) CFDs, Indices, Stocks, and Precious metals.
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
10CryptoMarket Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has five account types.
10CryptoMarket Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The payment section states that clients can fund an account via Visa and MasterCard, as well as e-wallets such as Skrill, Neteller, Piastrix and Jeton.
This broker claims not to have any withdrawal fees.
One thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is 10CryptoMarket Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This broker claims that it owned by a Swiss company, however, this broker fails to provide further corporate information. In order to find if this broker is registered, we ran a check through the online registry of FINMA, and we could not find any information as regards to the broker brand on the website of the Swiss financial regulatory body.
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, Bayin in Germany, CONSOB in Italy and many others.
Trade with TOP RATED BROKERS Instead
Accounts
Free Trial
Projects
SSL
S
Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
TOP CHOICE BY TRADERS
Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
In fact-checking this broker, we found that many of its claims were either or false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts to do so we certainly lead to loss of your funds.
