Review summary
Faraz Financial Services (PTY) Limited, operating under the brand Market10, has been active for approximately 1–2 years and is registered in South Africa. WikiFX assessment indicates that the company’s regulatory status is unverified, with a listed Derivatives Trading License (EP) under the Financial Sector Conduct Authority (FSCA) remaining in an unverified state. As a result, the broker currently holds no valid authoritative forex trading licenses, and clients operate without the protection of a recognized financial oversight framework. The firm’s WikiFX score stands at 1.21, reflecting this regulatory uncertainty. In terms of trading conditions, Market10 offers four account tiers—Basic, Gold, Platinum, and VIP—with entry thresholds ranging from $250 to $250,000. All accounts provide floating spreads, support for scalping and EA trading, and leverage up to 1:400. The Basic account, for instance, features spreads of 3.0 pips on EUR/USD, while the VIP account offers tighter spreads starting at 1.6 pips. Overall, while the trading infrastructure appears functional, the lack of credible regulatory oversight places this broker in a category that requires careful independent due diligence. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-14)
