10Crypto (10Crypto.io) is a CFDs scam broker that specializes in Crypto currency and must be exposed. 10 Crypto is claiming to do the impossible with their fake claims and empty promises. Complaints have been received via our help desk by members who have lost money with 10crypto. Lourdes Evangeline is one user who has lost over $4000 with this scam broker. Here, we will reveal all the dirty tricks used.
According to their homepage, 10Crypto claims to provide a wide range of Crypto coins to willing investors. They claim to have a world class trading platform with a user friendly trading environment. With claims such as these, it’s no wonder that this broker has robbed so many. Problem with newbie traders is that they don’t know how to spot a Forex fraud.
Claims and promises are what scammers use to entice investors into signing up. This broker claims to help investors get high and quick returns on their investments. What investors don’t know is that 10Crypto is a fake fraudster pretending to help them earn money. Scammers make money by pretending to help investors make a quick buck or two. They know that everyone wants to make an extra buck. What they do is take advantage of this need.
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Disclaimer at the bottom of the page claims that 10Crypto is operated by Kase Partnership LTD. There’s no registration of such a company with the registrar of companies. This makes what this entire broker claim a total lie. Wait, there’s more to who actually owns this scam broker. Why have they not revealed the people who actually own Kase Partnership LTD? Who are the shareholders of this company?
Anonymity is a dangerous character for any investor to have. This means that this broker can disappear with your funds without any notice or warning. Another red flag that we must mention is that this broker is registered in St. Vincent and the Grenadines. In their own words, they admit that they are offshore brokers. This is another concrete reason not to sign up with 10 Crypto.
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Being an offshore broker, one would not expect this broker to be licensed. How can they be licensed when they don’t follow strict guidelines set by the industry? This is another red flag that investors should always look out for.
According to the information displayed at the footer of the homepage, they have put up a regulation number. 10 Crypto claims that 24880 IBC 2018 is their regulation number. Folks, you have to be aware that scammers will do or say anything to try and legitimize their products.
This number is purely fictional and doesn’t follow the algorithm used to regulate Forex brokers. And this is concrete evidence that shows we are dealing with a professional Forex scam team. Best thing is to stay clear of this broker and their services.
10Crypto is using a different platform for users to trade. This platform is new and not ideal for newbie traders. Activ8 is the platform 10Crypto uses when trading. Problem with their platform is that it doesn’t sync with other devices. These devices include desktop, mobile, and tablet. This platform is poor when it comes to compatibility.
What we did to test their platform is try and download it. What this means is that their Activ8 platform is unstable. An unstable platform leaves users vulnerable to online fraud. Hackers find unstable platforms easy prey for personal and credit card theft. This is why signing up with this broker will leave you speechless.
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This broker offers two types of accounts to investors. These accounts are namely Retail and Professional accounts respectively. A Retail trader account comes with a so called negative balance protection. Comes with a trading leverage of X30 and is covered with ICF. There’s no further information regarding this account. This broker leaves out the required trading deposit to start trading.
Second account is the Professional trader account. According to the information posted, this account comes with a negative balance protection. They claim that this account gives traders access to binary and crypto assets. Leverage posted here to start trading is X500. There’s also no information regarding the required minimum deposit to start trading.
In all our reviews, we always state, funds will never be safe with an unregistered and unregulated broker. Problem with safety with 10Crypto is bigger than you think. For starters, they don’t actually reveal who their depository bank is. Secondly, we are sure that users are depositing money straight to the owner’s personal bank account. This is a fraudulent way of conducting Forex business.
This broker does not segregate accounts. What this means is that this broker is pooling funds in one account. This is also a dangerous and risky practice to involve yourself in. 10Crypto does not participate in a compensatory scheme. What this means is that members will never be compensated for any unforeseen losses. In case this broker goes bankrupt or faces insolvency, members won’t be compensated.
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10Crypto is using fake testimonials to try and legitimize their product. What this means is that their testimonials are all fake and it’s easy to see. One can easily catch what they are doing because they have made one mistake. Use the same name as a testimonial on their homepage. Problem with this is that they have used the name twice.
One Melany F is from Germany, the other is from Spain. Do you think that this is a coincidence? Folks, this is a lame move by this broker to try and legitimize 10 Crypto. This is where we have caught this broker pants down. What this means is that anything they claim is simply a hoax. This broker is not out to help you get money, they are here to defraud you. All what 10Crypto wants is for you to deposit money with them.
Without a doubt, 10 Crypto is a scam that has scammed hundreds of investors. Best thing to do is to stay clear of this broker. What you should do to avoid being constantly harassed by their email marketing team is ignore them. Ensure that you mark all their emails as Spam and never click on any links sent. Technicians have warned that some of these links contain malware that steals personal data.
With all the damning evidence we have produced, we have to add 10 Crypto on our blacklist. This broker is entirely based on fraudulent claims and characteristics. From being anonymous to having fake testimonials, stay clear from this troublesome broker. Also, warn your friends and relatives from signing up with this broker. Nobody should ever go through what Lourdes Evangeline is going through.
At all times sign up with Affordable and Dependable Forex brokers. This ensures that your trading experience is comfortable and convenient. Always go for Forex trading brokers that are Recognized by the trading community. Sign up with a Genuine and Honest broker and start making real cash today.
Always thrive to stay safe when investing in any online venture.
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