10Crypto

10Crypto is a broker that was founded on 6 June 2019 and is registered in Saint Vincent and the Grenadines. The broker operates under the domain 10crypto.io. As of our review, no regulatory licences from any financial authority are on file, which places the broker outside the oversight of major regulators.

The broker's name suggests a focus on cryptocurrency-related trading services, but specific details on the products, platforms, or account types offered are not publicly available. The absence of verifiable information limits a full assessment of its operations and target clientele.

According to official records, 10Crypto does not hold any regulatory licences. The broker is incorporated in Saint Vincent and the Grenadines, a jurisdiction known for lenient financial regulation. This lack of oversight means that traders do not benefit from protections such as negative balance protection, compensation schemes, or dispute resolution mechanisms provided by regulated entities.

The absence of regulation is a significant consideration for potential clients. Without a credible regulatory authority, there is no external assurance that the broker adheres to standard financial practices, including segregation of client funds or transparent reporting.

FXCanary's Scam Risk Score for 10Crypto is 54 out of 100, categorised as 'Elevated'. This score reflects the inherent risks associated with an unregulated broker, compounded by limited public information. Traders evaluating this broker should weigh the lack of regulatory oversight and transparency carefully.

The elevated risk score serves as a cautionary indicator. Potential users are advised to conduct thorough due diligence and consider the implications of trading with an entity that does not provide clear information about its operations or protections.