Sector framework
FX/CFD applicability framework
The RM10 Standards apply differently across the ecosystem. This matrix sets out indicative applicability for each stakeholder category within a defined scope.
| Stakeholder | RM1 | RM2 | RM3 | RM4 | RM5 | RM6 | RM7 | RM8 | RM9 | RM10 |
|---|---|---|---|---|---|---|---|---|---|---|
| FX/CFD broker | M | M | M | M | M | M | M | M | M | M |
| Spread-betting provider | M | M | M | M | C | M | M | M | M | M |
| Offshore broker group | M | M | M | M | M | M | M | M | M | M |
| Funded trader / prop firm | M | M | M | C | C | M | M | M | C | M |
| Money manager / MAM / PAMM | M | M | C | M | C | M | M | C | M | M |
| Copy-trading / signal provider | C | M | M | C | C | M | M | C | N/A | M |
| IB / affiliate | C | C | M | S | C | S | C | S | N/A | M |
| Marketing agency / finfluencer network | N/A | C | M | S | C | C | C | S | N/A | M |
| Trading education provider | C | C | M | S | S | M | C | S | N/A | M |
| PSP / EMI / payment provider | M | C | C | M | M | C | M | M | M | M |
| Platform technology vendor | S | N/A | S | S | M | M | C | M | C | M |
| CRM / KYC / RegTech vendor | S | C | S | M | M | M | C | M | S | M |
| Liquidity provider / PoP | M | C | S | M | M | C | C | M | M | M |
| Compliance consultant | C | C | C | C | C | C | C | C | C | M |
| Legal / regulatory adviser | C | C | C | C | C | C | C | C | C | M |
| Corporate service provider | C | S | S | M | M | S | S | C | C | M |
| Hosting / cybersecurity provider | S | N/A | S | S | M | C | C | M | N/A | M |
| Media / events platform | N/A | S | M | S | C | C | C | S | N/A | M |
FX/CFD broker
- RM1
- M
- RM2
- M
- RM3
- M
- RM4
- M
- RM5
- M
- RM6
- M
- RM7
- M
- RM8
- M
- RM9
- M
- RM10
- M
Spread-betting provider
- RM1
- M
- RM2
- M
- RM3
- M
- RM4
- M
- RM5
- C
- RM6
- M
- RM7
- M
- RM8
- M
- RM9
- M
- RM10
- M
Offshore broker group
- RM1
- M
- RM2
- M
- RM3
- M
- RM4
- M
- RM5
- M
- RM6
- M
- RM7
- M
- RM8
- M
- RM9
- M
- RM10
- M
Funded trader / prop firm
- RM1
- M
- RM2
- M
- RM3
- M
- RM4
- C
- RM5
- C
- RM6
- M
- RM7
- M
- RM8
- M
- RM9
- C
- RM10
- M
Money manager / MAM / PAMM
- RM1
- M
- RM2
- M
- RM3
- C
- RM4
- M
- RM5
- C
- RM6
- M
- RM7
- M
- RM8
- C
- RM9
- M
- RM10
- M
Copy-trading / signal provider
- RM1
- C
- RM2
- M
- RM3
- M
- RM4
- C
- RM5
- C
- RM6
- M
- RM7
- M
- RM8
- C
- RM9
- N/A
- RM10
- M
IB / affiliate
- RM1
- C
- RM2
- C
- RM3
- M
- RM4
- S
- RM5
- C
- RM6
- S
- RM7
- C
- RM8
- S
- RM9
- N/A
- RM10
- M
Marketing agency / finfluencer network
- RM1
- N/A
- RM2
- C
- RM3
- M
- RM4
- S
- RM5
- C
- RM6
- C
- RM7
- C
- RM8
- S
- RM9
- N/A
- RM10
- M
Trading education provider
- RM1
- C
- RM2
- C
- RM3
- M
- RM4
- S
- RM5
- S
- RM6
- M
- RM7
- C
- RM8
- S
- RM9
- N/A
- RM10
- M
PSP / EMI / payment provider
- RM1
- M
- RM2
- C
- RM3
- C
- RM4
- M
- RM5
- M
- RM6
- C
- RM7
- M
- RM8
- M
- RM9
- M
- RM10
- M
Platform technology vendor
- RM1
- S
- RM2
- N/A
- RM3
- S
- RM4
- S
- RM5
- M
- RM6
- M
- RM7
- C
- RM8
- M
- RM9
- C
- RM10
- M
CRM / KYC / RegTech vendor
- RM1
- S
- RM2
- C
- RM3
- S
- RM4
- M
- RM5
- M
- RM6
- M
- RM7
- C
- RM8
- M
- RM9
- S
- RM10
- M
Liquidity provider / PoP
- RM1
- M
- RM2
- C
- RM3
- S
- RM4
- M
- RM5
- M
- RM6
- C
- RM7
- C
- RM8
- M
- RM9
- M
- RM10
- M
Compliance consultant
- RM1
- C
- RM2
- C
- RM3
- C
- RM4
- C
- RM5
- C
- RM6
- C
- RM7
- C
- RM8
- C
- RM9
- C
- RM10
- M
Legal / regulatory adviser
- RM1
- C
- RM2
- C
- RM3
- C
- RM4
- C
- RM5
- C
- RM6
- C
- RM7
- C
- RM8
- C
- RM9
- C
- RM10
- M
Corporate service provider
- RM1
- C
- RM2
- S
- RM3
- S
- RM4
- M
- RM5
- M
- RM6
- S
- RM7
- S
- RM8
- C
- RM9
- C
- RM10
- M
Hosting / cybersecurity provider
- RM1
- S
- RM2
- N/A
- RM3
- S
- RM4
- S
- RM5
- M
- RM6
- C
- RM7
- C
- RM8
- M
- RM9
- N/A
- RM10
- M
Media / events platform
- RM1
- N/A
- RM2
- S
- RM3
- M
- RM4
- S
- RM5
- C
- RM6
- C
- RM7
- C
- RM8
- S
- RM9
- N/A
- RM10
- M
Scope Notes
Markers in the text above resolve to the full boundary wording below. These notes define what this page records — and what it does not claim.
- 7.
RM10 Standards: BlackCores RM10 Standards are BlackCores-owned standards for documentary mapping and responsible-market conduct presentation. They are not regulatory rules, official regulator standards, UN standards, or a substitute for professional advice.
- 8.
General information: Website content is provided for general business and institutional information only. It should not be relied on as legal, financial, tax, investment, insurance, regulatory or trading advice.