10xGoldtrade

10xGoldtrade Ltd is a company registered in the United States, with its registered address at 47 Revolutionary Rd, Ossining, NY, 10562, New York. According to our records, the company was founded on 13 October 2021. The official domain is 10xgoldtrade.com, though our verification found no verifiable website or social-media presence, which is a notable caution sign for potential clients.

Our records indicate that 10xGoldtrade Ltd holds a CySEC licence (licence no 121/10) for a Forex Execution License (STP) in Cyprus. However, the status of this licence is not specified in our files, and we could not independently confirm its validity through public registers. The company's employee count is listed as zero, which may suggest a very small operation or a shell entity.

The only regulator on file for 10xGoldtrade Ltd is the Cyprus Securities and Exchange Commission (CySEC), with a single licence. The licence is described as a Forex Execution License (STP) with licence number 121/10, issued in Cyprus. However, the status of this licence is not published in our records, and we were unable to verify it against the public register.

It is important to note that the registered address is in the United States, while the licence is from Cyprus. This cross-border arrangement is not unusual for forex brokers, but it adds a layer of complexity. Traders should be aware that the licence number is not publicly confirmed in our records, and we advise caution when dealing with entities that lack verifiable regulatory information.

Based on the limited information available, 10xGoldtrade Ltd appears to be positioned as a forex broker, given its CySEC licence for Forex Execution. However, we could not access the official website to confirm the specific products, platforms, or account types offered. The absence of a verifiable web presence means that we cannot detail the trading instruments, leverage, spreads, or funding methods.

In the absence of concrete information, we recommend that potential clients approach this broker with caution. The lack of transparency about its offerings is a significant concern, and traders should seek direct clarification from the company before committing any funds.

Given the lack of verifiable information, it is difficult to determine the intended target audience for 10xGoldtrade Ltd. The company's registration in the United States and its CySEC licence suggest it may aim to serve international clients, particularly those in the European Economic Area, where CySEC regulation is recognised.

However, without a functional website or clear marketing materials, we cannot confirm the broker's target market. Traders who are considering this broker should exercise due diligence and verify all details directly with the company and relevant regulators.

In FXCanary's assessment, 10xGoldtrade Ltd presents a guarded risk profile, with a Scam Risk Score of 43 out of 100. The primary risk flag is the lack of a verifiable website or social-media presence, which is a common red flag for potential scams or unregulated operations.

Our records show no clone or impersonator sites, which is a positive sign, but the overall lack of transparency is concerning. We advise traders to treat this broker with caution, conduct thorough research, and consider alternative, well-established brokers with a proven track record.