Evalanch Ltd

Evalanch Ltd is a Seychelles-registered entity operating the online trading brand 10tradefx.com. The company is licensed by the Seychelles Financial Services Authority (FSA) as a Securities Dealer, a designation that permits it to offer leveraged trading products such as forex and CFDs to retail clients. The FSA licence is recorded on file, though the Seychelles register does not publish licence numbers, so we cannot cite a specific reference.

Our records indicate that Evalanch Ltd has no verifiable website or social-media presence beyond the 10tradefx.com domain itself. This is a notable limitation for traders seeking to assess the broker's track record, as independent public information is scarce. In FXCanary's assessment, the absence of a broader digital footprint is a caution sign for a firm operating in the offshore sector.

Evalanch Ltd holds one licence from the Seychelles Financial Services Authority, categorised as a Securities Dealer. The status is listed as 'Licensed' in our records. The Seychelles FSA is a well-known offshore regulator, but it is generally considered to provide lighter oversight compared to top-tier regulators such as the UK's FCA or Cyprus's CySEC.

We cross-checked the licence against the public register and found that the Seychelles FSA does not publish licence numbers in its registry. Therefore, we cannot provide a specific licence number for verification. Traders should be aware that offshore regulation typically involves less stringent capital requirements and fewer investor protections than onshore jurisdictions.

Based on the limited information available, 10tradefx.com appears to offer a web-based trading platform, with a login portal accessible at cabinet.10tradefx.com. The platform likely supports forex and CFD trading, given the Securities Dealer licence. However, specific details on tradable instruments, account types, and platform software (such as MetaTrader 4 or 5) are not disclosed in our records.

Industry databases suggest that the broker may offer MT5, a minimum deposit of $100, and leverage up to 1:500, but these figures are not confirmed by official sources. We advise traders to verify such details directly with the broker before committing funds.

Information on account types and funding methods for Evalanch Ltd is not available in our records. The broker's website does not appear to publish detailed account specifications, minimum deposit requirements, or payment options. This lack of transparency is a significant drawback for potential clients who need to compare trading conditions.

In the absence of official disclosures, traders should approach with caution. We recommend contacting the broker directly for a full list of account tiers, spreads, commissions, and deposit/withdrawal methods. Until such information is provided, it is difficult to assess the cost-effectiveness of trading with this firm.

Evalanch Ltd is registered in Seychelles, an offshore jurisdiction known for light regulatory oversight. This is a key risk factor, as it means the broker is not subject to the same level of financial scrutiny as firms in major financial centres. Additionally, our records show no verifiable website or social-media presence, which raises questions about the firm's operational transparency and longevity.

FXCanary's Scam Risk Score for Evalanch Ltd is 40 out of 100, indicating a 'Guarded' level of risk. This score reflects the offshore registration and the lack of a verifiable digital footprint. While there is no evidence of cloning or impersonation, the overall risk profile suggests that traders should exercise due diligence and consider whether the broker meets their standards for safety and reliability.