10trade Review

10trade Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this 10trade Review.

10trade Review

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

Trading Accounts

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.

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 2017, 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.

Payout amount

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 Platform

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

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.

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.

Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

10trade Review Conclusion

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