10Trade Review

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10Trade

Broker Name: 10Trade
Platform: SpotOption
Founded: 2020
Bonus: No Bonus
Return/Refund: 70-81%/ 10%
No. Of Assets: 100+
Regulated: CySEC
Demo Account: No
Minimum Deposit: 200
US Traders: Not Accepted

10Trade Review

10Trade is owned and operated by Holiway Investments Limited, located in Nicosia, Cyprus at 4, Pindou Street, 4th Floor, Flat/Office 408, Egkomi, CY-2409. This means they are under the jurisdiction of the Cyprus Securities and Exchange Commission. Their license number is 248/14, their telephone in Cyprus is 22 35 35 57 (as listed on CySEC;s website) and in England is 0808 189 1458. Their email address is [email protected] Overall, 10Trade is fully regulated, which is a big plus because knowing that a regulatory authority watches over their actions offers an increased level of confidence for clients. On the other hand, U.S. clients are not accepted due to EU regulation restrictions.

Is 10Trade a Scam?

10Trade is strictly regulated and very transparent, having all the relevant information displayed on their website and going simply by the book. We are certain that 10Trade is not a scam.. Usually if a broker doesn’t show the name of the owning company and the address on the website I have a very tough time getting this info from their Support service and usually I end up searching for it in other places. It’s like it’s some sort of a secret… but anyway, that is the first red flag for me. Since 10Trade has a totally opposite approach and they make everything very visible, I‘d say they are miles away from being considered a scam but we will keep monitoring, nonetheless.

Update 2020: This broker recently had a massive drop in traffic and could be considered a firm that is shutting down. However, live chat was still available and denied the allegations. Bear in mind that most firms deny they are ceasing their operations until the last moment. In this case we can report a huge loss in traffic and, based on similar cases with many other brokers, we can only assume they are closing.

Editor’s Note – Why 10Trade Doesn’t Suck in 50 Words

Regulation. In fact, it’s not only that they’re regulated by CySec, but they also go by the book by all means. Some users from non-European countries may be surprised they can’t trade with 10Trade due to the new EU regulations, and existing users would find 10Trade’s Complaint Form very easy and accessible in case of trouble. On top of that, I cannot help but mention that their market reviews are up to date. My senior readers probably know how “strict” I’m with that.

Why 10Trade sucks in 50 words

My first impression on this brokerage is actually very good and when that happens, I consider even the smallest thing a suck-factor. With a bad brokerage you can find tens of reasons why they suck but with a good one, things are harder. Anyway, enough chit-chat; they suck because of the smiling dude on the front page. What’s up with that? Do they even know its 2020 and this type of marketing looks like a 2020 sales-page? I know that dude is there to inspire confidence but it does the opposite.

Should I Open an Account with 10Trade?

Update 26/02/2020: 10Trade.com went from hundreds of thousands in traffic to only a few thousand. It could be because they stopped marketing, which in turn means they could be shutting down. Overall, I can’t say for sure and as mentioned before, their live support denies this. Interestingly, their live support was available during a weekend which is good and in addition, 10Trade, in accordance with new CySec rules, removed their bonus scheme and no longer offers any bonuses tied to trading volume. It translates to that they still seem to be on top of things and offering good service despite the very low traffic.

The platform used by 10Trade is Spot Option version 2.0 and I am very glad to say they offer the new Ladder Options feature which allows you to make more money if the option expires further away from your entry point. Here’s a real time example taken from their platform as I write this review: the current price is 1.1295; if after 15 minutes your Call option will reach the price of 1.1305, you will get 378.19% payout. Huge, right? And we are only talking about 10 pips. If your option reaches 1.1310 you will get 437.72% payout and the percentage increases to 502.53% if 1.1314 is reached. I recently talked about this Ladder feature in another broker review and I said that I believe more and more brokers will offer it. Looks like I was right, but actually I don’t know who introduced it first so I don’t know where full credit goes. Anyway, it’s a great addition to binary options and I think it will be particularly useful during news releases when price can move strongly.

As far as I am concerned, 10Trade is a great looking broker, actually one of the best I’ve seen lately. The client gets good education, innovative features and of course, the safety of CySEC regulation, all combined with a professional approach from 10trade employees. We’ll keep a close eye on this brokerage and we hope they don’t disappoint because so far they are top notch… they just need to change the smiling dude on the homepage. Just kidding; actually now that I’ve spend more time on 10Trade’s platform, I don’t even notice the guy anymore.

10Trade Complaints

Update 2020: We couldn’t find any negative complaints, no withdrawal issues nor account manager fraud claims. It could be because 10Trade.come is legally registered in most European countries and operating favorably with their clients and that the few clients that had issues have been complaining through their respective regulators. Another reason is that this broker has such low traffic during the past six months it’s obvious that we don’t hear too many complaints.

10Trade Regulatory Announcements and Warnings

09.03.2020: CSA in Canada publishes a list that includes 10Trade.com among brokers that illegally target Canadians. Source: Lautorite.qc.ca

10Trade Bonus

Update 26/02/2020: 10Trade.com announces: “In order to conform with new regulations issued by the supervising authority, our bonus scheme will be withdrawn as of today. The rights of clients who have already accepted bonuses will not be affected in any way. Terms and Conditions related to bonus schemes will continue to be binding for both parties (for ourselves and the client.)” This means that 10Trade.com, in accordance with new regulations will no longer offer bonuses tied to trading volume, which is a good thing. It also means that if you already have a bonus since before, the previous terms apply as mentioned in the earlier review below:

The turnover required before being able to withdraw the bonus also differs depending on the amount you received as a bonus. What is important to me is the fact that your deposited money is available for withdrawal at any time. This is very important and speaks a lot about their fairness because we know that most brokers will block your deposited money until you reach the required trading volume. Also, the Bonus will not be pushed down your throat and instead you have the option to take it or not. Extract from 10Trade’s Terms and Conditions: “11.1.3 The Company will not restrict the client from withdrawing his/her deposit…”, “11.1.4 Client is not required to accept any bonus offered by the Company, all bonuses are optional.”

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10Trade Withdrawal

Their rules regarding withdrawals are pretty much standard, meaning that you have to provide valid IDs and all funds deposited through a credit/debit card must return to the same card. All additional profits can be withdrawn via wire transfer. The minimum withdrawal is $30 for credit cards and $100 for wire transfers and the processing time is up to 3 business days but additional time can pass until the funds are visible in your bank (5-7 business days).

10Trade Ratings

User Friendly 17/20

The website is translated in 8 languages, the platform is SpotOption which is one of the best in the industry and it is well known for its capability of satisfying both new and seasoned traders and the website works smooth, with easy to access information.

Number of assets and expiry times 18/20

With 10Trade you have the opportunity to trade 29 currency pairs, 112 stocks, 9 commodities, 37 indices and 25 Pairs, which is much more the enough. The expiry times range from 60 seconds to end of day and even end of year, with all the normal time frames in between. One Touch options are also available.

Commissions, Support and Effective return 17/20

As usual, there are no fees to register and to open an account but a $30 fee will be paid if the client wished to make more than one wire withdrawal per month. The payout ranges between 70% and 81% which is pretty good and in case of an unsuccessful trade you will get a refund up to 10%. Their support team is very quick to answer and I didn’t have any trouble getting the information I needed. Update 2020: if your account drops below 25$ (or other currencies) you will be charged 5 currencies per month until the last debit where after your account will be closed. If your balance is above 25 currencies however, your account will be closed after getting notified by the company and after 10 days after which your account balance is returned to you.

Deposit, Payment and Bonus 17/20

The minimum you can deposit is $200 and the ways to do it are credit/debit card, wire transfers and a variety of e-wallets (Skrill/MoneyBookers, CashU, iDeal, Neteller). Withdrawals are processed in up to 3 business days and 5 to 7 days will pass until the money will reach your account after the transfer has been accepted. Update 2020: 10Trade.com no longer offers bonuses as mentioned above under bonus section. This is in accordance with new regulations.

Website Extras 13/20

The Ladder feature is great, Regulation is a big plus and they clearly say they don’t tie your own deposited money to their platform. Considering that 99% of brokers do their best to keep your money in their pockets (excuse me, “platforms”), I rate 10Trade with a higher score simply because they clearly state in their Terms and Conditions (not only in Live Chat or somewhere on the website) that your money is your money.

10Trade Overall Ratings (84) + Regulated (+3) = 87/100

10Trade Review

10Trade

Broker 10Trade
US Traders Accepted
Company Name Holiway Investments, Ltd.
Headquarters Nicosia, Cyprus
Regulation CySEC (license #248/14)
Bonus Type Match bonus
Bonus Size 60%
Max Payout 81%
Out-of-Money Reward 10%
Trading Platform SpotOption
Deposit Options Credit/debit cards, wire transfer, CashU, WebMoney, paysafecard, Abaqoos, AstroPay, Bank Link, BankLink UNET, Boleto, DineroMail, eCard, eKonto, ePay.bg, EPS, Euteller, Giropay, Hal-Cash, iDEAL, Lobanet, Mister Cash, Moneta, Multibanco, Neosurf, PayU, POLi, POLi NZ, Przelwy, SafetyPay, SOFORT, SporoPay, Teleingreso, Ticket Surf, Todito Cash, TrustPay, UseMyBank, Yandex.Money, QIWI
Deposit Currencies US dollar, euro, British pound, Australian dollar, Canadian dollar, Swedish krona, Russian ruble
Minimum Deposit $200
Minimum Trade $10
Maximum Trade $1,500
Online Since 2020
Trading Instruments Currencies:
AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, Bitcoin/USD, CAD/JPY, EUR/DKK, EUR/GBP, EUR/ILS, EUR/JPY, EUR/NZD, EUR/SEK, EUR/TRY, EUR/USD, GBP/AUD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/USD, GOLD/TRY, Gold/EUR, NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD, USD/BRL, USD/CAD, USD/CHF, USD/DKK, USD/HKD, USD/ILS, USD/INR, USD/JPY, USD/NOK, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR
Commodities:
Coffee, Corn, Gold, Oil (Light Sweet Crude), Platinum, Silver, Sugar, Wheat
Stocks:
3M, AGRI’ BANK OF CHINA, AIG, ALIBABA, ALPHA NATURAL R., AMANA, ANZ Bank, APPLE (US), ARABIAN PIPES COMPANY, Allianz SE, Amazon, Axis Bank, BAE SYSTEMS (LONDON), BANK OF CHINA, BARCLAYS, BEZEQ, BHP Billiton, BMW, BNP Paribas, BP (BRITISH PETROLEUM), Baidu, Banco Santander, Blackberry, Boeing, British American Telecom, CARLSBERG B, CHINA LIFE INSURANCE, CHINA MOBILE, CHINA TELECOM, CITI (US), CNOOC, COCA COLA (US), CTC MEDIA, Caterpillar, DANSKE BANK, DELL, Daimler AG, Danone SA, Deutsche Bank, Deutsche Telekom, Disney, Ebay, Exxon Mobil, F5 Networks, FIAT, FORTESCUE METALS, Facebook, Freeport McMoran, GAZPROM (RUSSIA), GOME, GOOGLE, General Motors, Goldman Sachs, Groupon, HITACHI CORP, HSBC HOLDINGS (LONDON), HUTCHISON, IBM, ICBC BANK, ICL.TA, JOHNSON & JOHNSON, JP Morgan Chase, KEC (SA), KING DIGITAL (Candy Crush), LEUMI, LOUIS VUITTON, LUKOIL (RUSSIA), Las Vegas Sands, Linkedin, MANCHESTER UNITED, MAZDA MOTOR, MECHEL OAO, MICROSOFT (US), MOBILE TELESYSTEMS, MOELLER MAERSK B, Mastercard, McDonalds, NATIONAL BANK AUSTRALIA BANK, NEWCREST MINING, NIKE (US), NIPPON STEEL, NISSAN MOTORS, NORDEA BANK, NOVO NORDISK, Netflix, ORANGE S.A., ORIGIN ENERGY, PETROCHINA-SHG, POALIM.TA, Paris Telecom, Petrobras, Pfizer, Publicis Groupe, RENAULT, REUTERS (US THOMSON REUTERS), RIO TINTO, RIO-AU, ROLLS ROYCE (LONDON), ROYAL MAIL, S Bank India, SAB Miller, SAMSUNG-KR, SAP, SAUDI REFINERIES, SBERBANK (RUSSIA), SHADCO, SINA, SONY, Salesforce.Com, Sears Holding, Siemens AG, Starbucks, TATA MOTORS (INDIA), TENCENT HOLDINGS, TESCO, TESLA MOTORS, TEVA .TA, TOSHIBA CORP, TSK60, TURKCELL (TURKEY), Tata Steel, Telefonica, Total S.A, Twitter, Unilever, VALE.BSP, VIMPELCOM, VIVENDI SA, Vodafone, Volvo, WAL-MART, WEIBO, WOODSIDE PETROLEUM, WOOLWORTHS, Wynn Resorts, YAHOO, YANDEX N.V
Pairs:
AMAZON VS EBAY, AMAZON VS NETFLIX, BMW VS DAIMLER, BMW VS RENAULT, DAX VS CAC 40, FACEBOOK VS TWITTER, FTSE VS CAC F, GOLD VS OIL, GOOGLE VS BAIDU, GOOGLE VS FACEBOOK, LINKEDIN VS TWITTER, McDONALD’S VS STARBUCKS, RIO T. VS. BHP B., VODAFONE VS ORANGE
Number of Trading Instruments 237
Binary Option Types High/Low, Pairs, Long Term, 60 Seconds, One Touch, Ladder
Customer Support Types Email, phone (local numbers available), paper mail, live chat
Education Offered FAQ, glossary, how-to pages, education center with videos and an eBook. Trading strategies for upper account holders, as well as VIP access to the online trading academy
Tools Offered Double up, rollover, early close, daily and weekly market reviews
Commission $30 for wire transfers (one free wire transfer per month)
Languages English, French, Arabic, German, Italian, Spanish, Russian, Dutch
Demo Account Yes

Traders in search of a regulated binary options broker with a lot to offer will want to take a look at 10Trade. 10Trade was founded in 2020 in Nicosia, Cyprus, by a company called Holiway Investments, Ltd. 10Trade operates under CySEC license #248/14. As such, they unfortunately do not accept traders from the USA, but they may be a great choice if you are located internationally.

Getting Started Is Easy

In fact, 10Trade goes out of their way to make their services easily accessible to anyone. The website is available in a number of different languages, and you can opt to trade in a number of different currencies as well, including US dollar, euro, British pound, Australian dollar, Canadian dollar, Swedish krona, and Russian ruble. On top of that, they accepted a huge range of deposit methods. There are literally dozens of e-wallets accepted, more than I have ever seen at any other binary options website.

The minimum deposit is $200, which is quite standard. Withdrawals are very easy and the terms surrounding them are quite reasonable. The website does not mention any minimum withdrawal threshold, which makes for great flexibility. There are fees for wire transfers ($30), but you get one free wire transfer each month, which is quite generous.

There are a number of account tiers starting out at $1,000. At the Bronze level, you are eligible for a 5% bonus. The next tier up is Silver, then Gold, and then Platinum. The highest bonus you can get is 60% of $10,000 or more at the Platinum level. There is also an option for a Presidential account, beginning at $50,000. These are for VIP customers with huge bankrolls to work with.

If you want, you also have the option of opening a demo account. This is not advertised on the site, but it does exist. You can practice with a demo account after you register, even if you have not yet made a deposit. You simply need to make a request with an account manager. There are no strict limitations on this account. Your account manager will work with you directly.

Basic educational resources on the site are pretty minimal. There is an education center, but you will only find a few videos on there and an eBook. If you have a higher account tier, you can gain VIP access to the education center, which presumably means that you can access more training materials. You can also work with an expert trader to learn trading strategies.

Trading on 10Trade

Once you have made a deposit and are ready to trade live, you can head over to the trading page. This platform is SpotOption, which is probably familiar to you if you have traded on other binary options sites. You can trade on your mobile device if you want; scroll to the bottom of the page and you will find the links for the Android app. The list of currencies, commodities, indices, and stocks you can trade is tremendous. There are 237 in all, which is a much higher amount than the usual 80 to 150 or so that other binary options sites typically offer.

Variety of trade types is also pretty good; you can trade standard High/Low binary options, but you also can try your hand at 60 Second or Long Term options, as well as One Touch, Pairs, and Ladder trades. The minimum trade amount for most of these types of trades is just $10, with the ceiling set at $1,500 (that is from the platform; the FAQ incorrectly lists $5,000). So whether you have a large or small account, you should be able to trade on this site while conservatively managing your bankroll.

Customer Service on 10Trade: A Mixed Bag

If you wish to talk to a member of the 10Trade customer service team, you can access their 24/7 customer service via live chat or telephone. There are a ton of local numbers, so no matter where you are around the world, you can probably find a number which will not charge you an international rate. You can also reach out via email.

I opted to test out the live chat desk. The desk was answered promptly by an agent, and I asked my questions. At first, she seemed intent on putting me off, telling me repeatedly that I must talk to an account manager if I wanted information about bonuses and tiers. I still think that this was rather silly, because that information should be easily accessible on the site without even needing to ask for it.

She did however take the time to thoroughly answer my questions about the demo account and how it worked. Therefore I cannot say that the customer service was altogether useless. She was quite helpful in some regards while being quite unhelpful in others. This indicates that 10Trade as a company may be something of a mixed bag to deal with. I have seen better, but I have also seen far worse.

Conclusion: Worth Considering

10Trade is not a faultless broker. I would have preferred a more helpful customer service agent who was a little more committed to answering my simple questions, and I would really have preferred to find that information on the website. Aside from this point, there really is very little to complain about however, and there is a lot to commend the site on.

Why consider trading with them? They seem to be a broker that aims for flexibility. You can deposit money in a myriad different ways, and withdrawing money is affordable and easy. You can trade on a desktop, laptop, or mobile device. You can choose from any of more than 200 assets, and there are a variety of trade types and expiry times available. And on top of all that, you are dealing with a company which is regulated by CySEC, which instantly boosts trust. If you are trading outside the USA and looking for a regulated broker with a lot of excellent features, check out 10Trade.

10trade Review

Trading Platform 10trade

10trade provides users the SpotOption trading platform. Widely known and used by many binary brokers, SpotOption is fairly easy to use even for novices and comes loaded with basic and advanced tools and functionalities that many traders find useful when they trade. SpotOption also boasts an intuitive user interface that makes trading easy. Now, SpotOption traders can trade and do business using their Android and Apple devices.

The platform has good data latency, offers fast trade execution, as a well as a range of colors to help you pick useful information on the screen. You can get the information you need to make a trade with a simple glance. The platform also offers a practical layout in the way the web pages are organized.

SpotOption has the following unique features:

Regulation: 10trade is regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 248/14.

Segregated Accounts: This broker deposits clients’ funds in segregated accounts in global banks to ensure safety.

Investing: You can invest in more than 200 stocks, indices, currencies, and commodities.

Perks: Perks include reliable 24/7 support, daily financial news, access to the Educational Academy, and personal account manager.

Help Resources: 10trade provides expert support in multiple languages and personal guidance for all traders. Its resource center offers multimedia training tools including 1-on-1 training, ebooks, webinars, and video courses.

Easily Accessible Platform: 10trade’s responsive platform allows you to trade on multiple devices including your PC, smartphone, and tablet.

  • CySec regulated
  • SpotOption platform
  • Not available for US traders
  • No Demo account

Platform type: SpotOption

Platform Languages: English, Spanish, German, French, Russian, Chinese, Japanese, Italian

OS Compatibility: Mac OS, iOS, Windows, Android

Streaming News Feed: Yes

Email Alerts: Yes

Mobile Alerts: No

Company information 10trade

Located in: Nicosia, Cyprus

Website: https://www.10trade.com/

Founded in: 2020

Accepts US Clients: No

Phone number: +35-777-788-035

Email: [email protected]

Account Options 10trade

Commission:

Minimum Deposit: $200

Payouts Percentage: 90%

Deposit Options: Credit Card, Debit Card, Bank Wire Transfer

Withdrawal Options: Credit Card, Debit Card, Bank Wire Transfer

Payout Ratios: 10trade offers returns of up to 90%.

Available Assets 10trade

Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, German, French, Russian, Italian, Arabic, Dutch

Customer Service Hours: 10trade offers 24/7 customer support.

Place Trades Over the Phone?: No

10trade Trade types

10Trade offers the following trade types:

10trade Trade accounts

10trade offers 5 account types:

  • 20% bonus
  • Platform tutorial
  • Daily market reviews
  • Digital online ebook
  • Trading central – 2 weeks
  • 30% bonus
  • Platform tutorial
  • Daily market reviews
  • Digital online ebook
  • Introduction to market analysis
  • 1 trading strategy
  • Trading central – 1 month
  • 40% bonus
  • Platform tutorial
  • Daily market reviews
  • Digital online ebook
  • Introduction to market analysis
  • 2 trading strategies
  • Trading central – 3 months
  • 50% bonus
  • Platform tutorial
  • Daily market reviews
  • Digital online ebook
  • Introduction to market analysis
  • 3 trading strategies
  • Trading central – 6 months
  • 50% bonus
  • Platform tutorial
  • Daily market reviews
  • Digital online ebook
  • Introduction to market analysis
  • 5 trading strategies
  • Trading central – 1 year
  • Express withdrawals
  • Money management training
  • Optional tablet

10trade Position In Our Categories

Position of 10trade in our main categories:

10trade is one of the top 50 Binary Options Brokers products

If you are interested in 10trade it might also be sensible to check out other subcategories of Binary Options Brokers listed in our database of B2B software reviews.

It is essential to keep in mind that hardly any service in the Binary Options Brokers category is an ideal solution that can fulfill all the requirements of all investors. It may be a good idea to read a few 10trade reviews first as some solutions can actually perform well only in a specific geography or situation or be prepared with a really specific customer in mind. Others may operate with a goal of being simple and intuitive and as a result lack advanced functions welcomed by more experienced users. There are also services that focus on a wide group of users and provide a powerful feature set, but that in most cases comes at a more expensive price of such a solution. Ensure you’re aware of your needs so that you purchase a service that offers all the elements you search for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and 10trade reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with 10trade. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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