10Trade is a well-known trading company, with a good reputation. It provides access to more than 80 tradeable assets, and it is regulated by CYSEC, which makes it a reliable broker. Once you become a member, you will receive a welcome bonus of up to 50 percent, depending on the amount you have deposited in your account. The company offers a return on investment that ranges between 70 and 81 percent, while the refund is ten percent. But let’s find out more about this broker.
What is 10Trade?
According to our research, 10Trade has received a lot of positive feedback and reviews from its clients. This is why we thought to take a closer look at it. Among the first things that stand out are its many options and features. Being a regulated broker has helped 10Trade to gain more popularity and a good reputation.
10Trade was launched in 2014, in Cyprus, using the SpotOption software. If you want to open a new account, you will have to deposit at least 200 dollars, but the maximum return on investment can reach up to 81 percent. It is a reliable company that focuses on transparency as well as protective policies for their clients.
10Trade Account Types
10Trade offers a live account. The minimum deposit to open this account is 200 dollars. Opening a new account is simple. The interesting fact is that if you want to log in, you will not be required to make a deposit. The company doesn’t need your credit card details when you register on their website. The entire process is simple and safe. Before activating your account, 10Trade will verify your identity.
You will have to provide a valid ID with a photo, a copy of your credit card and also your place of residence along with a document that proves where you live. Make sure to follow the steps written below to create a new account:
- Go to the Open Trading Account option on their website’s homepage. There is also a shortcut on the upper right side of the page that says “Create Account.”
- Insert all the required information such as your personal details. After you complete the form, submit it.
- Soon after that, you will receive an e-mail that contains a verification link. Click on it to activate your account.
That is all you have to do in order to register and open a new account. Now, you can start trading.
10Trade Demo Account
A demo account is a great educational material because it introduces you to the world of trading without risking your real money. It is also a practice account because it allows you to learn trading strategies by using virtual currencies. Unfortunately, 10Trade doesn’t offer a demo account. On the other hand, they compensate through their wide range of high-quality services offered by their customer support department. You can always rely on their help desk to guide you with whatever request you have. You will quickly receive detailed, informative responses.
The company offers welcome bonuses that can reach up to 100 percent for premium account types. 10Trade representatives are cautious, and because they want to avoid scams, they will require you to trade a certain amount of money before giving you access to your bonuses. Once you become eligible to receive bonuses, your profits will be available for you to withdraw them at any time. This says a lot about this broker’s fairness. According to their Terms & Conditions policy, all bonuses are optional. But let’s face it, who doesn’t want some extra money. Their bonuses are great incentives that attract a lot of clients.
10Trade Minimum Deposit and Minimum Trade
The minimum deposit is 200 dollars, while the minimum trade is only ten dollars. This deposit is available for the basic account type. If you want to receive a welcome bonus that ranges between five and 60 percent, you will have to deposit at least 1,000 dollars. You can deposit your money using one of the following methods: credit cards, bank transfers, and e-wallets such as CashU, MoneyBookers, and others. If you like taking higher risks, and you can afford it, you can even trade up to 5,000 dollars per one bet. The payout rate reaches up to 81 percent.
Like many other brokers, 10Trade also requires you to provide valid documentation such as IDs and credit card number to verify your identity before allowing your withdrawals. You can extract your funds via bank transfers. If you use a credit card, the minimum withdrawn amount must be 30 dollars. For bank transfers, this sum is 100 dollars. The company has fast withdrawals. You will usually have to wait around three working days to receive your money. Sometimes, you will need to wait a little longer (five to seven days) until your money is visible in your account.
10Trade Binary Options Types
The company provides a large array of trading options such as 60 seconds, one touch, ladder, and others. The most popular and common ones are the following:
- High/Low. This is a classic option. You need to foresee if an asset’s value will rise or fall.
- Pairs. Not many brokers offer this option. You need to determine which asset out of a pair will perform better. For example, you might need to choose between Apple and Google.
- Long term. This is a conventional option type used by many traders who don’t like taking a lot of risks. The expiry date can reach up to nine months.
- 60 seconds. 10Trade also provides short-term binary options for those of you who want to gain profits quickly. If you like an adrenaline rush, this is the perfect choice for you.
- One-Touch. This is a popular option type. As a trader, you will need to foresee whether an asset will reach up to a certain value or not before its expiry time.
You can trade with a 10Trade mobile app from wherever you are. Its leading technology allows you to gain profits by trading a wide range of assets (more than 150). Using your smartphone and a few clicks will enable you to apply your strategies in order to win money. This app was created with the sole purpose of making trading activity accessible to everyone. It is highly intuitive and easy to use, even for beginners. Through this app, you can withdraw funds from your account once a month, for free. If you want to withdraw more, you will have to pay a 30-dollar fee. As you can see, 10Trade offers you a lot of mobility; you can trade anytime you like, from anywhere you are.
Whether you want to contact the company’s representatives, or you want to make a complaint, all you have to do is to use one of the following methods: live chat, phone number, and e-mail address. Most users are satisfied with the help desk service, which responds quickly after they receive a request.
The customer support is available in a lot of different languages such as English, Spanish, Italian, Russian, Polish, and more. Their answers will surprise you because they are well-informed and very detailed.
Is 10Trade Legit or Scam?
10Trade applies a transparent policy, being a reputable company. It is regulated by CYSEC, and it is a reliable broker. You shouldn’t fear of scams when trading with 10Trade. They have a very user-friendly approach, making all their identification and contact details visible on their website. Everything they do, from the way they present themselves to their features and options, inspire confidence and trust.
10Trade Pros and Cons
- It offers a lot of tradeable assets and options.
- 10Trade is a regulated broker, having a good reputation.
- Offers an easy-to-use interface and has intuitive graphics.
- They apply strong protective policies for their clients.
- The broker offers the possibility to trade using ladder option which has high returns on investment.
- You will gain access to a lot of useful educational resources.
- The company only accepts traders from Europe. Clients from the United States, Australia, Canada, Turkey, Israel, Japan, and South Africa are not allowed to use this trading company.
Successfully Trading with 10Trade
Bottom line, 10Trade is a reliable trading company that provides plenty of modern features and effective options. Their platform is easy to use, and it has an intuitive interface. Most clients are satisfied with their customer support service, which is available in more than five different languages. This broker’s representatives are always ready to help and guide new traders while explaining them their website’s possibilities. As far as I am concerned, 10Trade is a great platform to trade on, even though some things should be improved on their website.
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