10CFDS (10cfds.com) is a CFDs, Crypto Currency, and Forex scam brokerage to hit the lucrative Forex world. 10 CFDS is claiming to offer security and education for personal growth. Users are asked to develop their investment skills on this platform and build a deeper financial knowledge. With these claims, we simply had to investigate not forgetting complaints from users. Read this detailed and honest 10cfds review to get the truth.
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Complaints have been sent to our help desk by users who lost funds with this broker. Problem with this broker is how they handled funds once they were deposited to them. Sadly, this is a pyramid scheme as our investigation revealed tricks used by this broker. In case you sign up and deposit funds, don’t expect to make any withdrawals. These scam artists are pocketing their pockets with other people’s money. And we must put an end to this fraudulent platform.
This broker knows we all want to make a quick buck here and there, they take advantage of this. Scam platforms will always offer over the moon claims and promises and deliver hell. 10CFDS is no different as they are full of lies. Funds are nowhere safe with this broker as this is a pyramid scheme. Make sure to stay away from this broker and start using the best and most trusted trading tools. This is the only way to stay safe and make realistic profit margins.
Immediately you land on their homepage, you will realize why most newbie traders are signing up. Their homepage is appealing to the eye and can convince almost everyone this is a fake platform. Make sure to stay away from this platform as there are some hidden tricks in this website. These fake claims you see here are nothing but lies which are used to entice users into signing up. Read this entire 10cfds review and find out why this is a shameful broker.
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Who are the people running this web brokerage firm? Why has the website failed to mention founding members of this platform? This is simply another fake platform which must be exposed. Thanks to the level of anonymity, trusting this broker is not easy. An anonymous online investment platform is not a good partner. These crooks will run away with your money at any given time. This is the time to stay away from this platform if you were thinking of signing up.
Scammers will do or say anything to make their platform appear legit and trustworthy. After contacting IFCS, this licensing body issued a warning regarding 10CFDS. They have never licensed or registered this broker which makes it an unlicensed broker. 10CFDS is operating Forex services without any proper regulation, they are breaking set rules. Stay away from this broker and make sure to ignore their calls to sign up. There’s more than meets the eye.
10 CFDS is purporting to have a licensing number which they have posted on their disclaimer. This is a fictional number or random number which has no legal bearing. Another disturbing feature with this broker is their mother company. SPEED SOLUTION Ltd is the company claiming to own this platform. Checking with the registrar of companies, this company is not listed as being registered. This means their mother company is also anonymous in nature.
These scammers have gone a step further by rigging their own demo account in favor of users. Some investors might think this is a good idea, wait until you read the reasons why it isn’t. A rigged demo account is used to produce fake winning trades. With their demo account, users get more than 95% successful trade results. Remember the funds used in demo accounts are virtual and not real. This demo account is used to entice users to open a real account with them.
A real account demands you deposit real funds, and this is where the trap is set. Users are enticed into believing trade results will be mirrored in the real account. Sadly, users end up losing all their deposits as these brokers send them fake signals. Users will be asked to deposit more money in order to get more successful results. This cycle continues until the investor realized there’s no way to make winning trades with 10 CFDS. Make sure to stay away from this broker.
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10CFDS offers users seven different account types to choose from. These account types include Basic, Bronze, Silver, Gold, Platinum, Black, and Elite. These accounts come with a welcome bonus which is also a trap set by these scammers. A welcome bonus is meant to entice investors into believing they will be added more funds for trading. Always check whether these welcome bonuses have any hidden charges.
Another disturbing feature with these accounts is how similar they are to each other. They all have the same perks making us question their purpose. Why would an investor deposit $10,000 and get the same advantages as a trader who deposits $250? 10CFDS is casting a wide net with their accounts by trying to trap all classes of investors. Make sure to check the account types and what they offer to traders.
And this is where you realize funds are not safe with an unlicensed broker. How can security of funds be guaranteed by an anonymous broker? Make sure to stay away from this broker due to their anonymous nature. Looking at their terms and conditions, there’s no mention on how they handle funds. Where do they bank money deposited by users? This is simply not a true brokerage platform.
What we have realized is shocking! Users are depositing funds straight to owner’s personal bank account. When it comes to segregation of accounts, this is not the case. This means 10CFDS is pooling funds in one account which is dangerous. Another problem with this broker is lack of insurance coverage. Stay away from this broker.
Evidence clearly points at this being a scam which must be exposed before it ruins lives. Make sure to mark all their emails as Spam and never click on any links sent. Their email marketing team consists of hackers who steal personal data with links sent. Warn your family and friends from joining any of their affiliate programs.
In order to protect our readers, we have to blacklist this broker and add them to our scam list. This will protect our readers and hopefully prompt authorities to investigate. Make sure to read our reviews as we help trace and expose these scammers.
Get the best out of Forex trading by signing up with skilled Forex professionals. Make a habit of signing up with Forex brokers who have a solid reputation at all times. This is the best way of making realistic profit margins with Forex trading.
We wish you all the best in your Forex trading experience.
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