Alright folks, hold onto your hats because we're about to dive headfirst into the exciting world of <a href="https://tentrade.com/en/" rel="noopener noreferrer" target="_blank">10TradeFX</a>. You might have guessed from the name that they've got something to do with forex, but guess what? They've got a lot more up their sleeve! In this 2023 10Trade review, we'll take you on a rollercoaster ride through the key aspects of this global trading broker. We're talking fees, platforms, spreads, and their regulatory status. So, let's get started. <img src="https://cdn.forexoverflow.io/images/1699426165144-0x7wcmyfjifucry-tentrade-fx.png"><h2> </h2><h2>10TradeFX: A Brief Introduction</h2> First things first, 10TradeFX popped up on the scene in late 2020. It's a digital trading platform that's got its roots in Seychelles and is run by a company called Evalanch Ltd. What's interesting is that there are no restrictions on where you're from. That means folks from all corners of the world can jump on board and legally use their services. Talk about being inclusive, right? <h2>The Trading Platform</h2> Now, what's a good trading platform without a solid backbone? Well, 10TradeFX doesn't disappoint. As an STP broker (that's Straight Through Processing for you newbies), they promise no requotes and minimal slippage. To keep things easy, clients can create and manage their accounts through a client portal. And when it comes to trade execution, they rely on the ever-so-popular MetaTrader 5 (MT5) platform. <h2>MetaTrader MT5: </h2> MT5, folks, is the latest and greatest trading platform that's making waves in the trading world. It's developed by MetaQuotes and is trusted by online brokers and traders, both newbies and pros alike. It's compatible with Windows, Linux, and macOS. So, it's pretty much got everyone covered. Now, what's the deal with MT5? Well, it's packing some serious firepower:<ul><li>21 timeframes</li><li>100 price charts</li><li>Integrated signals</li><li>Copy trading tools</li><li>Automated trading</li><li>38 built-in indicators</li><li>6 pending order types</li><li>Hedging and netting support</li></ul> It's like the Swiss Army knife of trading platforms. You've got everything you need right at your fingertips. <h2>Assets &amp; Markets</h2> Now, let's talk business. 10TradeFX has a smorgasbord of markets for you to dip your toes into. Here's the rundown:<ul><li>Forex: They've got a whopping 39 major, minor, and exotic currency pairs.</li><li>Commodities: You've got four indices (two precious metals and two energies) plus three commodity indices.</li><li>Equity Indices: They've got nine major global equity indices, including the FTSE 100 and S&amp;P 500.</li><li>Stocks: You can dabble in 15 CFDs on individual company stocks from the US, UK, and European markets.</li><li>Cryptocurrency: For the crypto enthusiasts, they've got Bitcoin, Ethereum, Ripple, and Litecoin, all against the USD.</li></ul> <h2>Fees &amp; Spreads</h2> Alright, now it's time to talk about the green stuff. The fees and spreads at 10TradeFX aren't set in stone; they vary depending on your trading account and what you're trading. For most trades, they offer zero-commission trading. However, keep in mind that CFD stock trading will cost you a 0.1% commission.When it comes to spreads for major forex pairs, it's 3 pips for Silver accounts, 2 pips for Gold accounts, and a razor-thin 0.5 pips for Platinum accounts. For minor and exotic currency pairs, the spreads range from 2 to 35 pips. It's all about picking the account that suits you best. <h2>Leverage: </h2> 10TradeFX isn't shy when it comes to leverage. They offer rates up to a competitive 1:600. Now, that's some serious firepower. But a word of caution, folks: high leverage means high risk. They've got a margin call at 50% and a stop-out at 30%. So, tread carefully. <h2>Trading on the Go</h2> Who wants to be tied down to a computer all day? Not us! 10TradeFX has your back with a mobile version of the MetaTrader 5 platform. You can snag it for both iOS and Android devices from your app store. This nifty mobile app lets you trade on the move, offering a full range of order types and account management right from your handheld device. Plus, it's got 30 technical indicators and 24 analysis tools. <h2>Payment Methods</h2> Making deposits and withdrawals is a piece of cake at 10TradeFX. They accept various methods, including wire transfers, Neteller, Skrill, 4Cash, and Nganluong. Sorry, no credit or debit card action here. There's a minimum deposit of $200 and a minimum withdrawal of $100. e-wallet deposits happen instantly, while wire transfers take a bit longer, about three working days. The good news? There are no deposit fees. But watch out, e-wallets other than Neteller can sting you with a 1-2% fee. Withdrawals should be processed within 24 hours. <h2>Demo Account</h2> If you're new to the financial markets, 10TradeFX has got you covered with a free demo account. It's like a risk-free playground for you to practice your trading skills. Both new and existing clients can get in on the action, and you'll be trading with digital capital. <h2>Sign-up Bonus: Get Ready to Rumble</h2> For all you newbies out there, 10TradeFX has a little treat in store. They offer a first deposit match bonus of 30%, paid out in trading credit. It's capped at $3,000, but here's the catch – there are some somewhat vague terms and conditions.Buckle up, folks, because there are some strict wagering requirements. You'll need to trade 10 forex lots for every $100 of bonus to be released. That's not a walk in the park. And if you decide to withdraw your initial deposit, say goodbye to the remaining bonus funds. Ouch. <h2>Regulation &amp; Licensing: </h2> Now, here's where things get a bit interesting. 10TradeFX is officially based offshore in Seychelles, and they've got a regulatory license from the Seychelles Financial Services Authority (SFSA). But here's the deal, SFSA isn't exactly the big, tough financial regulator you might expect. So, keep that in mind. <h2>Additional Features: </h2> 10TradeFX has a couple of tricks up its sleeve. Through the MetaTrader 5 platform, you can dive into copy trading and automated trading. These features let you open and close positions without lifting a finger. They also have a dedicated section on their website for market news and educational content.The "Learn How To Trade Forex &amp; CFDs" section might be empty, but they've got other parts of the website that offer guides to forex fundamentals and technical analysis basics. Plus, they provide an economic calendar that lists significant daily events for their supported assets. A weekly market news section gives you a sneak peek into the trading week ahead. <h2>Account Types: </h2> 10TradeFX doesn't discriminate. They've got three account levels to cater to different budgets: Silver Account<ul><li>$100 account minimum</li><li>$200 minimum deposit</li><li>3 pip spreads on major forex pairs</li></ul> Gold Account<ul><li>$1,000 account minimum</li><li>2 pip spreads on major forex pairs</li></ul> Platinum Account<ul><li>$5,000 account minimum</li><li>0.5 pip spreads on major forex pairs</li></ul> <h2>Trading Hours</h2> The 10TradeFX client portal and MT5 trading platform are open for business 24/7. But trading itself depends on the market. Forex runs 24/5, while cryptocurrency is available round the clock. Other instruments, like stocks or derivatives, dance to the tune of their underlying markets. <h2>Customer Support</h2> If you ever need to reach out to the 10TradeFX support team, email is your go-to option. There's no live chat or phone number available, so be ready to craft some detailed emails. <h2>Safety &amp; Security</h2> Your money is precious, and 10TradeFX knows it. They keep client funds separate from their own capital, so there's no funny business with your cash. Client funds are snugly tucked away in secure, tier 1 EU banks for maximum security.And the MT5 platform? It's locked up tight with high-level encryption and supports two-factor authentication (2FA) to keep your trading fortress safe. <h2>The Verdict on 10TradeFX</h2> Alright, it's time for the moment of truth. 10TradeFX serves up a buffet of trading options across various markets. They've got the tools for both beginners and experienced traders. The low-commission, high-leverage conditions are tempting, but keep an eye on those spreads, limited stock options, and high transaction limits. <h2>Pros and Cons</h2> Pros:<ul><li>The MetaTrader 5 web and mobile platforms are a hit.</li><li>They offer a variety of asset classes, including forex, stocks, crypto, and NFTs.</li><li>Their learning academy is pretty comprehensive, backed by London’s Association of Trading &amp; Investment (ATI).</li><li>The Funded Trader program can help you grow your account size and profits.</li></ul> Cons:<ul><li>The broker's regulation is a bit of a head-scratcher.</li><li>The selection of shares at 10TradeFX is somewhat limited, which might not be great for some traders.</li></ul> So, there you have it, folks! 10TradeFX has its charms and quirks, but it's certainly worth a closer look if you're in the trading game.&nbsp;10TradeFX Broker Details&nbsp;<img src="https://cdn.forexoverflow.io/images/1699426435710-5jbuda0a7mcqf3c-tentrade-fx-broker-details.png"> Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.

Review of 10Trade FX Trading Platforms, Instrument Variety Pros and Cons  (1).png

Discover the ins and outs of 10TradeFX in our 2023 review. Unveil the pros, cons, and everything in between. Is this global trading platform the right choice for you? Find out now!

Newest & Recent

Find the lastest update

Popular of the day

Most watched posts

Forex Glossary

A to Z Forex abbreviations

Daily Analysis

Industry Experts posts

Pinned Tags

#trade360

#finexo

#fxtrading.com

#sky alliance markets

#amega

#ospreyfx

#fxglory

#fibo group

#ig global

#bdswiss

#lcg

#fxgrow

#legacyfx

#superforex

#simplefx

#rakuten securities

#ifc markets

#triumphfx

#world forex

#amana capital

10trade fx

1 articles published related to#10trade fx

10TradeFX Review 2023: A Deep Dive into This Global Trading ...

Daily Analysis

Geo Politics