10Markets Broker Review

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Top 10 Best Forex Brokers Review 2020 – The very best Forex Broker

Well, apparently you’re looking for the best forex broker in the world, right?

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Over time we have created several lists and comparisons on the best forex brokers in every category (find them at the bottom of this post).

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This order is not necessarily a ranking, we’re talking about the most popular top forex brokers, the biggest, most regulated, legitimate and reliable international forex brokerage firms and companies for day trading, the quality is very high in all cases, and it is therefore very difficult to find a real ranking.

There are all brokers with very low minimum deposit or even with no minimum deposit at all.

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10Markets Review

10Markets

Reason to avoid: Offshore license

Listed Date: July 20, 2020

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Top 3 Forex Brokers

Alpari Review

FXTM Review

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  • Our Review
  • 10Markets User Reviews
  • 10Markets News
  • Company name: 10Markets
  • Registration/license: Vanuatu
  • Registration/license requirement: USD 2,000

Is 10Markets a regulated forex broker or a scam?

no, 10Markets broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

10Markets is a Forex and CFD broker. There is no information about company’s location as well as the decent regulation. The phone numbers provided on the website have South African, Serbian and Russian country codes, so we can only guess where the broker is based.

The firm is licensed by the Vanuatu Financial Services Commission. It is a popular offshore area for many brokers, who look for easier ways of getting the license. In Vanuatu, the registration fee is around USD 2,000, and the minimum capital requested (the security bond) is USD 50,000.

Comparing the license from UK’s Financial Conduct Authority, it requires EUR 125,000 of capital (aside from client deposits) for the STP license. The regulator also provides the segregation of funds and negative balance protection.

10Markets.com Review

The 10Markets website now says.

10Markets has terminated its operations through its website 10Markets.com.

For any clarifications you may contact us at [email protected]

June 2020: WARNING: The FPA has seen evidence of 10Markets demanding that a review complaining about a withdrawal issue be removed before the withdrawal would be paid. Even when this was done, the client reports that 10Markets.com did not pay the money owed. The FPA recommends EXTREME CAUTION dealing with 10 Markets.

Website is down. Company seems to be out of business.

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Consumer Reviews

THE CASE WITH Gidon Shumon and Nikita Snigerev is in the process of being resolved.
The Case against 10 Markets continues.

Jan 7, 2020 – 3 Stars Today I received further part payment for my Bitcoin “mis appropriation of funds” I have therefore agreed to say this and to say that at the moment they have been correct. I will let you know when everything is received back into the account.
Nothing has been agreed with Europefx to date, just Gidon Shumon.
I am meant to be paid back in full by May. I will let you know.
Thank you for your help and all those that contributed to a resolution.

Aug 20, 2020 – 1 Star Check out my reviews on EuropeFX they are not to be trusted. I started there and they took 40,000 and then moved to EuropeFX were the experts promised large amounts.
I printed this on the other review
Dear Mr Lem,
Would you be so kind to specify exactly what you consider to be defamatory. The blog has been fact and source checked, including the nature of the relationship between Roy Almagor and the alleged fraudster Lee Elbaz, and has been updated accordingly.
Johan Eliasch

According to Mr Lem, Roy Almagor, the owner of Maxiflex and the license holder on behalf of EuropeFx, is threatening to sue me for expressing my right to freedom of speech – saying that I am “blackmailing” him – when I am simply telling the truth.
In the latest conversation with Mr Lem , we inquired about Ben Givon. Ben Givon is not actively involved by name in any company that operates the EuropeFx/Maxiflex operating structure. EuropeFx – at the time – was operated by Batchimo Limited – owned and operated by Yarel Keha. So who is Ben Givon? According to a EuropeFx employee, Ben Givon is business partners with Nir Weissman, the son of Meni Weissman, the owner of Browns Hotels. Nir Weissman is supposedly a co shareholder of Ben Givon. Then there is Roten Shemesh who is Nir Weissman’s alleged right hand man.
So the pertinent question to ask is why did Mr Lem state that Ben Givon was the owner of this structure & then refused to say exactly what company he owned and why. Givon operates Antelope Systems Limited – a CRM provider for EuropeFx. CRM is a service provided to a company. It does not mean you own the company you provide a service to. However, Mr Lem stated that Ben Givon was the “owner” when asked who Ben Givon was and what he did. Why does this matter?
It matters because arguably, the EuropeFx/Maxiflex structure gives the impression that EuropeFx is an impartial broker that makes money solely on commission, implying that EuropeFx make money when you do well. This is a false premise. If Givon is the owner as Mr Lem described – then the swap charges and the equity of the client are all collected in the same place – not partitioned as advertised – i.e commission to EuropeFx and Swaps to Maxiflex. This means EuropeFx is not impartial – since there is more money to be gained on swap charges than commissions. Since you can change the swap charges by changing the terms and conditions if you are the license holder of this structure. Maxiflex is the license holder. Meaning it is in the interest of the owner of EuropeFx/Maxiflex for the client to lose because they will make more money by changing the terms and conditions aka “Swap Charges” than a set commission rate. The “swap charges” make it look like the client has lost because of their own poor trading decisions instead of a pre-determined calculated decision taken by the EuropeFx/Maxiflex ownership structure to sabotage a clients trading positions in order to take their trading balance.
There is no distinction between EuropeFx and Maxiflex – they are simply storefronts for the same scheme. In my case, they advised me to put as much of my money into this structure by promising large profits. They then changed my terms of conditions without informing me – which is illegal. Terms and conditions include swap charges. The swap charges on the positions that were given to me by Yarel Keha – AKA “Gabriel” – were the swap charges that ultimately destroyed my trading balance. EuropeFx then removed all liability from this – by stating they do not receive any of the swap charges. But they do – since Ben Givon owns this structure. Why would a high level employee – such as a client relations manager – someone who deals with legal disputes – disclose the owner and lie about it. Every person on earth who works for somebody – knows – who they are working for. They know who their boss is. So there it is. Ben Givon is the real owner behind this structure. His other company BAFF Affiliate is also registered to the same Cyprus office address as EuropeFx. He then hid his “Whois” address for BAFF Affiliate to prevent us from finding out this information. Likewise he was formerly the director for the operating agent of the German tied agent SF Financial Services. CC markets also provides “CRM services”.
It is also worth noting that the two people I was dealing with used fake names to hide their identities, one of them was Yarel Keha AKA Gabriel.
I would also like to clarify that the source of the information that Roy Almagor was in a business relationship with the alleged fraudster Lee Elbaz, accused of a $145m fraud, is an employee of Batchimo Limited.

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