10 Crypto Market

10 Crypto Market is a retail forex and CFD broker registered in China, with an official domain at 10cryptomarket.com. Founded on 22 May 2020, the broker presents itself as a multi-asset trading platform offering access to a variety of financial instruments. Despite its name, which emphasises cryptocurrency, the broker's offering extends beyond digital assets to include traditional forex, commodities, indices, stock CFDs, and ETF CFDs.

As a relatively new entrant in the online trading space, 10 Crypto Market targets both retail and high-net-worth traders, evident from its account tier structure that ranges from a MICRO account with a €250 minimum deposit to an EXCLUSIVE account requiring €100,000. The broker operates from China, a jurisdiction known for limited regulatory oversight in the forex industry, which is a significant factor for potential traders to consider.

According to FXCanary's records, 10 Crypto Market does not hold any regulatory licences from recognised financial authorities. The absence of regulation means that traders are not protected by investor compensation schemes or standard oversight mechanisms that govern client fund segregation and business practices. This is a critical point for traders who prioritise safety and transparency.

Our internal risk assessment assigns this broker an FXCanary Scam Risk Score of 51 out of 100, categorised as 'Elevated'. This score reflects the lack of regulatory licensing combined with the broker's relatively short operational history. Traders should be aware that without regulatory oversight, recourse in the event of disputes or financial loss is extremely limited.

10 Crypto Market offers five distinct live account tiers, each with a different minimum deposit requirement. The MICRO account is the most accessible, requiring a minimum deposit of €250, followed by the SILVER account at €1,000, the GOLD account at €10,000, the PLATINUM account at €50,000, and the EXCLUSIVE account at €100,000. The broker does not specify maximum leverage for any of these accounts in its known facts.

This tiered structure suggests that the broker is aiming to serve a diverse clientele, from small retail traders to high-net-worth individuals. However, the substantial minimum deposits for the higher tiers may be prohibitive for many traders. There is no information available about swap rates, commissions, or spread differences between the accounts, making it difficult to assess the overall cost of trading.

The broker offers a broad range of tradable instruments spanning multiple asset classes. These include forex currency pairs, commodities (such as gold and oil), global indices, cryptocurrencies, stock CFDs on major equities, and ETF CFDs. This variety allows traders to diversify their portfolios within a single trading account, which is a common feature among modern multi-asset brokers.

Notably, despite the broker's name, the cryptocurrency offering appears to be just one part of a larger product suite. The inclusion of both crypto and traditional assets may appeal to traders looking to combine digital asset exposure with conventional markets. However, without specific details on leverage, spreads, and execution models, it is difficult to evaluate the competitiveness of these instruments.

Given the account tiers and minimum deposits, 10 Crypto Market seems to target a range of traders but with a clear emphasis on those with larger capital. The EXCLUSIVE and PLATINUM accounts, with €100,000 and €50,000 minimum deposits respectively, cater to high-net-worth individuals or professional traders. The GOLD account at €10,000 also requires a significant commitment, while the SILVER and MICRO accounts are more accessible to smaller retail traders.

However, the lack of regulatory oversight and the elevated risk score make this broker unsuitable for risk-averse traders or those who require strict regulatory protection. The broker is likely more attractive to experienced traders who are comfortable with higher risk and who prioritise product variety over regulatory safety.

10 Crypto Market presents itself as a versatile trading platform with a wide array of instruments and account options. However, the absence of regulatory oversight is a major drawback that significantly elevates the risk profile. Traders considering this broker should conduct thorough due diligence, particularly regarding fund security, withdrawal processes, and the broker's reputation in the trading community.

In FXCanary's assessment, the elevated scam risk score serves as a clear warning. While the broker may offer certain appealing features, the lack of transparency and regulation means that traders are essentially trading on trust. For those who prioritise safety, a regulated alternative is strongly recommended.