10Trade Broker 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 – Is it scam or safe?

Basic Information

Minimum deposit Min./ Max. bet size Payout % Platform Regulation
€500 €10 / $2500 Up to 82% SpotOption CySEC

10trade is a binary options broker, which appears to be targeting mainly the European market.

Trading Accounts

There are several account types available at 10trade. Here is a breakdown of what you get:

Account type Min. initial deposit Welcome bonus* Trading Central
Welcome €500 20% 2 Weeks
Bronze €1,000 30% 1 Month
Silver €2,000 40% 3 Months
Gold €5,000 50% 6 Months
Platinum €10,000 50% 1 Year

*The welcome bonus will be removed soon, due to regulatory changes.

10trade allegedly has a partnership with the technical analyisis providers at Trading Station. We are not sure if this partnership is still in place and exactly what reports a client will get, for the duration mentioned.

The Company. Security of Funds

Company Country Regulation
Holiway Investment Ltd. Cyprus CySEC

10trade is being operated by Holiway Investment Ltd., a CySEC-regulated company. Regulation is a rarity, when it comes to binary options brokers and gives the company a lot of credibility.

For those of you who don’t know, financial regulators are (mostly) government agencies who impose rules on the companies who are registered with them. CySEC is the agency in Cyprus. While financial markets may not be your first association with the island, Cyprus has became a hot-spot for binary options and forex brokers. This is due to many factors, on of which is the country’s EU membership, which grants every registered broker the ability to operate in the entire Single market.

In terms of the security of your funds, CySEC enforces two major rules. First and foremost, all CySEC regulated companies must keep their clients’ funds in the so-called segregated bank accounts – accounts which the company can not freely touch. Furthermore, all companies must participate in the local compensation scheme – a mechanism which acts as an insurance company, in order to protect clients against their broker going bankrupt. The Cypriot scheme covers up to €20,000 per account.

That being said, CySEC was considering to stop regulating binary options providers in the summer of 2020, so if this occurs clients of 10trade will loose these protections.

Unlike many other binary options brokers 10trade doesn’t have negative reviews on popular forums. This should be considered as a good sign.

Trading Conditions

Trading Options: Call/Put, Pairs, Long term, 60 seconds, One Touch, Ladder

Assets: Currencies, Indices, Commodities, Stocks, Stock Pairs,

Minimum Initial Deposit

The minimum initial deposit at 10trade is €500. This is rather high entry barrier, considering even some forex brokers now accept smaller deposits. As an example, you can open an account with the FCA-regulated industry-leading broker and spreadbetting provider IG, with whatever sum you want – there is no minimum deposit level.

10trade offers a minimum bet size of $10. While this is not the highest level we have seen, it also isn’t very low. Keep in mind, a lower bet size will allow you to control your risk better. For instance, at Grand Capital you can buy a binary option for as low as $1.

Payouts at 10trade vary around the 80%. The highest one we saw, while making this review was 82%, with 77% being the most frequent one. Other binary option providers offer slightly higher payouts, like Grand Capital, where the maximum is 86%.

Trading at 10trade is done via the SpotOption platform. This is a popular technological solution, which many binary option providers implement. Here is a preview:

Everything is basically self explanatory. You change the type of option via the top menu and you can change the instruments and trade parameters in the lower ones.

Methods of Payment

A lot of payment methods are available at 10trade. The traditional Bank transfer and credit/Debit Cards are accompanied by over 20 e-wallets, which are mostly focused on European countries. The more popular ones are Webmoney, YandexMoney, Qiwi, Paysafe Card and CashU.

Conclusion

10trades is a CySEC-regulated binary options broker. The company offers the popular SpotOption platform, which is also a plus. The payouts appear to be slightly lower than the ones provided at other binary brokers, but in general this appears to be a solid company. Here are the pros and cons:

Pros Cons
CySEC regulation Slightly lower payouts than other brokers
SpotOption platform High minimum deposit and minimum bet size
Lots of payment methods
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

10Trade Broker Review

Summary

Being a regulated broker, 10Trade provides a thoroughly trader-oriented platform that has several advantages for both beginner and expert traders. However, we would like 10Trade to concentrate on some areas of its service for better levels of customer satisfaction.

A Brief Outline Of 10Trade Review

10Trade has developed a niche for its own in the binary options markets, as the company has chosen to adopt a straightforward approach towards binary options trading. Such a move has been well-received by traders, especially in the light of the competition that is keen on making profits at the traders’ expense. Brokers usually aren’t committed to the welfare of the traders, especially those that are not regulated by a genuine regulatory agency.

We approach every broker review with the intention of discovering all the finer aspects of trading the binary options market. There are numerous choices for traders in the industry that provides a large range of binary options products with varying levels of payouts and trading performance. We are particularly concerned about the fees of trading, platform efficiency, bonuses, and the safety of funds. Therefore, our 10Trade binary options review has all the ingredients for gaining a clear picture of the broker’s performance, and is a must-read for all categories of traders before investing in the company.

10Trade Regulation

10Trade offers a regulated binary options brokerage service and has been a verified broker since 2020. Holiway Investments Ltd., which operates out of its corporate headquarters in Nicosia, Cyprus, is the primary company that is responsible for maintaining 10Trade’s binary trading operations. 10Trade is simply a brand name and operates as a financial company that can indulge in different types of foreign exchange transactions, including handling of clients’ funds. Therefore, 10Trade is regulated by the Cyprus Securities and Exchange Commission (CySEC) to operate as a financial brokerage under the European Markets in Financial Instruments Derivatives (MiFID).

10Trade also provides a guarantee of protecting investors’ funds against broker insolvency by offering compensation of funds up to €20,000 through the Investor Compensation Fund (ICF). CySEC has the distinction of being one of the foremost regulatory agencies that legalised the concept of binary options in the country and has ever since played an integral part in the development of the binary options market. It is indeed commendable that 10Trade has ensured the best regulatory policies for its clients under the European regulatory guidelines.

Tradable Products & Underlying Instruments At 10Trade

With over 200 options to choose from, 10Trade has far exceeded the market expectations by covering a huge range of financial assets from the Forex, commodities, stocks, and indices market. The company has even facilitated the option of trading pairs, which does put the company in a privileged position against the existing market leaders. Here is a list of all available financial assets available at 10Trade:

Stocks: 3M, ADIDAS, AIG, ALCOA, ALIBABA, ALLIANZ SE, AMAZON, ANZ BANK, APPLE, ASX, ATHENS, AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BARCLAYS, BASF AG, BAYER AG, BHP-AU, BLACKBERRY, BMW, BOEING, BOVESPA-F, BP, BRITISH AMERICAN TELECOM, CATERPILLAR, CHEUNG KONG, CITIGROUP, COCA COLA, COMMONWEALTH BANK, DAIMLER AG, DEUTSCHE BANK, DEUTSCHE TELEKOM, DISNEY, E.ON SE, EBAY, EXXON MOBIL, F5 NETWORKS, FACEBOOK, FAZ-SHORT BANKS, FREEPORT MCMORAN, GAZPROM, GENERAL ELECTRIC, GENERAL MOTORS, GOLDMAN SACHS, GOOGLE, GROUPON, H & M, HSBC HOLDINGS, HSBC-HK, HUTCHISON, IBM, ING GROUP, INTEL, JAKARTA SE, JOHNSON & JOHNSON, JP MORGAN CHASE, KING DIGITAL (CANDY CRUSH), KOSPI, LAS VEGAS SANDS, LINKEDIN, LLOYDS BANK, LUKOIL RS, MASTERCARD, MAZDA MOTOR, METRO AG, MICRON, MICROSOFT, MCDONALD’S, NETFLIX, NIKE, PETROBRAS, PFIZER, PING AN INSURANCE, PROCTER & GAMBLE, RIO TINTO, RIO-AU, ROSNEFT, RTS FUTURE, RUSSELL 2000, S.BANK INDIA, SALESFORCE.COM, SANDISK, SAP, SAUDI REFINERIES, SBERBANK, SEARS HOLDINGS, SIEMENS AG, SINA, SONY, STARBUCKS, SUMITOMO MITSUI, TATA MOTORS, TATA STEEL, TEL AVIV 25, TELEFONICA, TENCENT HOLDINGS, TESCO, TESLA MOTORS, TEVA.TA, TOPIX 100, TOSHIBA CORP, TOYOTA (US), TWITTER, UNICREDIT, VODAFONE, VOLKSWAGEN, VOLVO, WAL-MART, WEIBO, WESTPAC, WYNN RESORTS, YAHOO, YANDEX N.V

Forex Pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/RUB, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/MXN, USD/RUB, USD/TRY, USD/ZAR

Commodities: COFFEE, COPPER, CORN, GOLD, OIL, PLATINUM, SILVER, SUGAR NO. 11, WHEAT

Indices: ASX FUTURE, BOMBAY SE, CSI 300, DAX, DAX FUTURE, DOLLAR INDEX F., DOW, DUBAI, EURO STOXX 50, EURO STOXX 50 F, FTSE 100, FTSE FUTURE, FTSE MIB FUTURE, GERMANY 10YR BOND, HANG SENG, HANG SENG F. HSI, IBEX, IBEX FUTURE, KUWAIT, MICEX, NASDAQ, NASDAQ FUTURE, NGAS FUTURE, NIFTY FUTURE NIFTY, NIKKEI 225, NIKKEI FUTURE, S&P 500, S&P FUTURE, SHANGHAI COMPOSITE, SMI FUTURE, SSE180, TADAWUL, TNA-LONG X3, TSX 60, TZA-SHORT X3 CTG, U.S 10 YEAR NOTE, U.S 30 YEAR NOTE

Pairs: AMAZON VS EBAY, AMAZON VS NETFLIX, APPLE VS AMAZON, APPLE VS GOOGLE, BARCLAYS VS LLOYDS BANK, BMW VS DAIMLER, CITIGROUP VS AIG, CITIGROUP VS JP MORGAN CHASE, DAX F VS FTSE F, FACEBOOK VS TWITTER, GOLD VS OIL, GOLD VS SILVER, GOOGLE VS BAIDU, GOOGLE VS FACEBOOK, LINKEDIN VS FACEBOOK, LINKEDIN VS TWITTER, MAZDA VS TOSHIBA, NASDAQ VS APPLE, NIKKEI 225 VS TOSHIBA, NIKKEI VS SUMITOMO MITSUI, RIO-AU VS BHP-AU, S&P 500 F VS NASDAQ F, SIEMENS VS E.ON, STOXX 50 F VS FTSE F, VOLKSWAGEN VS DAIMLER

The pairs options is a great investment opportunity provided by 10Trade, along with a chance to trade some of the leading stocks, commodities, indices, and FX currency pairs in the market. For the informed trader, 10Trade does indeed provide an outstanding array of financial assets for binary options trading.

10Trade Binary Options & Their Payouts

10Trade enables its clients to invest in almost all popular binary options products that are available in the market. The regular Digital Options for high/low are binary options that expire within 15 minutes and qualify for a maximum payout of 81%. The ROI for different pairs and options may vary according to the asset chosen by the trader, but 10Trade does provide a basic ROI of 70%-81% throughout its traditional binary options. 10Trade has provided different types of the traditional high/low trading options, typically long-term, short-term (60 secs), Ladder, and One-Touch options.

The One-Touch options are more profitable when compared to the traditional options, as one-touch options can provide up to 500% ROI on specific assets. The one-touch options are more suitable for traders that have more experience in the markets, as it takes an incredible amount of skills to read the market conditions to succeed in one-touch options. If you are a beginner trader, you should try to get familiar with the regular binary options, and choose one-touch and other similar options only if you are more aware of the market dynamics.

Traders also have the option of modifying their positions with double-up and rollover options. The double-up is quite simply a doubling up feature that enables a trader to continue investing in a position to extend the profits if the market looks favourable. The rollover, on the contrary, is a stop loss strategy employed by traders to prolong their expiry times if the market is not conducive to their position. The ability to modify positions may involve additional costs, and can only be performed 10 minutes prior to the expiry of the option.

10Trade Platforms & Investment Position Sizing

10Trade trading does not require any downloads or massive computing resources, as all trading activities are carried out through a browser-based trading platform. The 10Trade trading platform is based on a third-party trading interface known as SpotOption, which is fairly popular in the binary options trading community. The SpotOption is renowned for its strong trading, performance, and range of options available during most market hours. Traders only need to point their web browser to the online platform, and they are offered complete access to the markets through a state-of-the-art interface that is easy to learn and use. The great advantage of the online 10Trade platform is that it can be accessed on any device, both desktop and mobile.

The minimum investment for opening a trade at 10Trade is $10. There is also a maximum limit of $1500, but the broker may raise this ceiling for larger traders. The minimum and maximum investments are in line with the market standards, but we would have liked the broker to offer a trading platform that had an option of a minimum investment of $1. 10trade is indeed a suitable brokerage for smaller traders and is partly helped by a fantastic trading platform that offers a reliable trading environment for all traders.

10Trade Mobile Trading

One of the major gripes that we have with 10Trade is the lack of availability of mobile trading apps, especially for iOS and Android users. 10Trade has not provided any dedicated mobile trading interfaces for any of its mobile users, which is a serious concern for a fair share of 10Trade users. The broker has taken advantage of the 10Trade web-trading interface’s scalability and responsive layout to provide mobile trading services through the device’s browser. All smartphone and tablet users will have to access their trading accounts through the 10Trade browser platform, but it does not minimise any trading features or reduce the opportunity of trading the wide variety of options.

10Trade Minimum Deposit & Payment Methods

The broker has specified a low minimum deposit of €200 or $200, which is less than the $250 mentioned by other brokers. However, the lower investment only qualifies for a very basic account that does not offer any features or advantages by way of training, bonuses, or other account benefits. To take undue advantage of the 10Trade binary options services, traders are required to deposit a minimum of €500 for the Welcome account. The Welcome account offers a basic platform tutorial, daily market reviews, and a digital online eBook, along with two weeks access to Trading Central.

For a personalised account for traders that are willing to deposit more into their 10Trade account, the broker offers the Presidential account option for more account benefits and features. 10Trade’s funding options are quite extensive, but the broker hasn’t bothered to add some of the most popular payment methods such as Skrill and Neteller to its account financing options. Regardless, traders can deposit and withdraw money through Visa, MasterCard, CashU, WebMoney, Bank Wire, Paysafecard, and other payment options as provided in the company’s alternate payment methods page.

10Trade allows its traders to withdraw amounts as low as $30 through card payments, and as low as $100 via wire transfer. Card payments and wire transfers are the only two withdrawal options for traders. The broker charges a minimum fee for all withdrawals that are categorically mentioned in the broker’s official withdrawals page. Traders will be disappointed that even though the broker accepts multiple payment options for deposits, the withdrawal options are just limited to card and wire transfer.

10Trade Bonus

10Trade does not provide any bonus to its European clients, mainly due to the CySEC and EU regulations that prohibit brokers from providing any free money to its clients. EU regulations also specifically warn companies against offering any type of promotions that may lead to a conflict of interest between traders and the broker. 10Trade my provide bonuses ranging from 20% to 50%, depending on the initial deposit. However, according to a recent statement by the company, it may be difficult to avail bonuses from any broker that is situated in the EU.

10Trade Demo Accounts

10Trade does not offer a ready-made demo account to its traders, and it is strange for a regulated binary options broker not to offer a virtual practice account to its clients. However, the good aspect of regulation is that 10Trade may provide a demo account to its traders, provided they are willing to get in touch with the customer service department and negotiate better terms and conditions for trading. It is up to the discretion of 10Trade to offer a demo account, but traders should be able to avail this option without much trouble.

10Trade Customer Service & Complaint Resolution

10Trade is a regulated company that follows all the EU laws that apply to financial companies that deal with investments. Traders can contact the 10Trade customer service department through live chat, email, web contact form, and telephone numbers to its various representative offices throughout the EU and the world. However, if a trader feels that he/she has been mistreated by the company, the trader is free to contact the financial ombudsman service or take the matter to court for complaint resolution. Having the ability to hold the broker accountable for its actions is perhaps one of the main advantages of trading with a regulated company.

10Trade Learning Resources

10Trade follows along the lines of other binary options brokers that provide customised training to larger account holders. The more a trader deposits into his/her account, the better access to trading resources. Nevertheless, traders do get access to Trading Central, which is a great third-party option for analysing the markets. Traders are also treated to daily market analysis, eBook, and other training materials that cover the entire binary options market.

10Trade Verdict

  • An EU regulated broker located in Cyprus.
  • Customer service channels are among the best in the industry.
  • Greater security of funds.
  • Extensive choice of financial instruments.

CONs

  • The bonus is not available to all traders due to CySEC regulation.
  • No dedicated mobile trading apps.

Is 10Trade A Scam?

10Trade is a CySEC regulated binary options broker and follows all EU guidelines for safe operations. 10Trade is not a scam broker.

Can I Deposit/Withdraw Through Online Wallets?

10Trade offers multiple deposit options which include e-wallets, but withdrawals are only available through card and wire transfers.

How Can I Open An Account?

You can open an account by registering with an email address. You can start trading as soon as you make your initial deposit.

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