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|Min. Deposit||200 $|
|Trading Assets||Currencies (Forex), Indices, Stocks, Commodities|
|Option Types||High/Low Options, One Touch Options, Range Options, 60 Second Options, Pair Options, Short Term Options|
|Credit Card, Wire transfer, Skrill, Neteller, CashU, WebMoney|
|Accept US traders|
|Min. Invest||Min. Deposit||Max. Returns|
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|Min. Invest||Min. Deposit||Max. Returns|
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There is a new Forex web broker around that has a big list of forex options to choose from; the name of that broker is 10Trade. They have been getting a lot of positive feedback from traders so we thought we would take a closer look at them. It is a regulated broker that is proud to conform to the strict rules that they must abide by; they know it will only enhance their standing in the competitive market for forex traders.
It is a web broker that also prides itself on giving its customers a nice choice of innovative forex options to choose from. It likes to keep its user interface simple so those from all over the world can trade on it too; evidence of this is the fact it can be traded on everywhere in the world except the USA, New Zealand, Australia, Turkey, Japan, Israel, Canada and South Africa. That leaves a lot of countries whose forex traders can use this web broker if they so choose and since it is highly regulated those brokers that trade with them can trade with confidence.
Online since: 2020
– Regulated under the highly respected CySEC
-Traders from the USA, New Zealand, Australia, Turkey, Japan, Israel, Canada and South Africa cannot use this web broker
7 Binary Options Rating:
10Trade Special Features
Once again it should be pointed out that 10Trade falls under the outstanding oversight services of CySEC; the highly respected forex regulating body out of Cypress. For many traders they not only look at this as a special feature but it is a must for them in order to sign up and trade with a web broker. This way they know the trading on the site will be fair and their funds are treated in a safe manner even if the broker should fail at some point.
Another special feature is the fact that 10Trade is innovative and responsive to the demands of the forex trading market. Evidence of this is the fact that they have already announced some changes and additions to the website. They seem to be very intent on expanding aggressively over the upcoming several months.
They have also announced that they will be releasing a mobile trading app in the upcoming few months. That is why we plan to reevaluate this web broker in a few months to see if they are the type of broker that does what they say they are going to do. New features should be automatically usable without any additional signup or deposits from existing customers.
10Trade also features one of the best trader education centers that any site offers. They have instructional trading videos that will help educate anyone and improve the trading skills of novice and highly skilled investors alike; these videos are free with registration to the website. They also offer a lot of one–on–one trading sessions too.
One of the most innovative features this web broker offers is what they call their “investment return policy”. This is a sort of implied insurance policy that will refund a portion of the trader’s investments that end up out of the money. It is the type of risk management that every trader needs; especially those who are new to forex trading.
Trading Software and Assets
10Trade has an excellent trading platform to say the least and we really enjoyed reviewing it. They have very good data latency, fast trade execution and a wide array of colors on the platform to help you pick out the most useful information on the screen. It is nice to be able to get the information you need to make a trade with just a simple glance. It is also a very practical layout in terms of the way the web pages are set up.
The web broker seems to really emphasize simplicity and accuracy on the trading platform. They also flash Reuter’s news across the screen and you can be sure of the accuracy of the information they display because of the heavy regulation of the website. We thoroughly tested every aspect of the trading platform and found no major issues to speak of.
10Trade allows its users to trade with as quick an expiration time as 60 seconds; that is a lot of action in a short amount of time that will satisfy any trader that gets bored fast. They also feature the potentially very profitable One Touch options. During this review we really all agreed that the pairs trading option was by far are favorite and the most consistent winner. 10Trade also features the riskier but highly profitable Ladder and Long Term option choices. 10Trade is also one of the used brokers in Binary Option Robot automated trading software and binary options signals.
The asset list included well over 100 items which is outstanding. These included over 80 stocks, over 20 currency pairs, 35 separate indices and 8 commodities. Those types of numbers give any investor lots of versatility when trading. Everyone should be able to find at least a few assets that they are comfortable with and successful trading.
There were also some nice plays during the duration of the trade that investors on 10Trade could initiate, These included a rollover feature to extend the trading deadline and a nice double up feature that improved an investors chances to finish at least part of the trade in the money.
Support and Services
We were fairly satisfied with the support services that 10Trade offered its many traders. The help desk was especially good at handling enquiries for the different functions on the website. The replies that were given by their customer service reps were not only very fast but they were extremely informative also; you could tell they took a lot of time training their customer service personnel. They offer support in such languages as Russian, Swedish, Italian, Polish, Dutch, English, Portuguese and Spanish. This is a great help for their very diverse customer base which features traders from all over the world.
Customer support can be easily reached by live chat, phone (even has a call back feature so you don’t have to wait online) and email. We mostly used the live chat feature for purposes of this review and found it to be easy to use, fast and all our questions were answered in more than a satisfactory manner. With all the different countries they have access numbers for it is a website that does not leave customers from many countries feeling left out.
10Trade Banking and Company
Banking and depositing is can be performed very easily with this web broker and is laid our very nicely on the web platform. It features a very straightforward deposit and withdrawal system and you could tell that security and safety of information is at the forefront of their banking practices. It is very easy to navigate to the different banking options on the platform too.
The time it takes for a deposit to show up in your account depends on your deposit method used. They accept such means of payment as Skrill, CashU, eWallet, Neteller, Bitcoin, iDeal and several debit and credit cards.
As was mentioned before in the regulation requirements all funds must be kept secure in case of the sites insolvency; this is a big thing as far as keeping each traders money safe. Their regulation membership includes payments into a customer compensation fund that will be used in the event of the web broker’s failure.
They also have a good identification process in place to make sure no one gets your money that is not supposed too. They are an encrypted site and they have a lot of other security measures in place too.
Withdrawals are not always the fastest with this broker but then again that is an industry wide problem and not specific to just 10Trade. Withdrawals are almost always initiated within 48 hours and then it is up to the type of processing you use to determine how long it takes the withdrawal to show up in your account. Wire transfers are free the first time each month but then they incur a very steep $30 fee after that.
Our Final Thoughts on 10Trade
10Trade is by no means perfect and as was pointed out in the cons that they are a new site which still needs to improve some things and expand upon others. With that being said, there is also a lot to like about this site right now and the fact that it is regulated by CySEC put us over the top and convinced us it’s a good website already with loads of potential. That is why we have absolutely no problem recommending our readers to give 10Trade a try.
Customer Service: Live Chat / Email: [email protected]
7 Binary Options review: 10Trade : 4,5 stars.
10Trade is a binary options brokerage owned by Holiway Investments Limited. Holiway, located in Nicosia, Cyprus, was one of the first companies to offer its clients a fully licensed and registered binary options program with regulation by the Cyprus Securities and Exchange Commission (CySEC). 10Trade offers expert support in multiple languages and provides personal guidance for every trader.
There is only one standard account at 10Trade. The minimum deposit into the account is $200 and each trade on the 60 second option must be at least $5.00 and the maximum is $500. There is also no demo account offered which I found quite disappointing when doing this 10Trade review.
Both the Double Up and Rollover options are available to all traders on the standard binary option but not on the 60 second option. When a trade is close to expiry and the direction predicted is on a roll, there is an opportunity to repeat the trade by clicking on the Double Up button. This allows a trader to place a new trade with the same conditions-assets, expiry time etc.
If the market disagrees with the prediction and the price is going in the opposite direction, traders have the chance to close in the money by clicking on the Rollover tab. The Rollover feature is available till 10 minutes before expiry.
Traders can make up to 81% on their money if their trade is successful. If an option expires out of the money, a portion of the original investment is credited to the trader’s account.
A new feature that I found when doing this 10Trade review is ‘option suspended’ which is a notification to the trader that appears at irregular trading or market conditions on a specific asset.
The asset list is extensive and it is provided in a clear and easy to read manner.
When it comes to platforms, the 10Trade binary options platform was designed with the goal of making online trading accessible to everyone, including new and experienced traders. They offer over 150 assets, high payouts and a host of trading products and tools including Ladder Options, Trader’s Choice, historical price graphs as well as popular classics such as “60 Seconds” and “OneTouch”. There is also a buy-out feature.
The One Touch option is a relatively new type of investing option that removes most of the guess work from regular options trading and simplifies the choices while offering huge payouts. It is very popular among traders in the commodity and Forex markets and is beneficial for traders who believe that the price of an underlying asset will exceed a certain level in the future but who are unsure about the sustainability of the higher price.
The 10Trade binary option platform requires no downloads and is easy-to-use. Both the web and mobile versions of the platforms offer immediate access and instant trade execution.
10Trade offers its clients a list of useful tools for successful trading including courses for both beginner traders and for those that have experience in the field. In addition, there are articles and an eBook about the individual commodities, stocks, Forex pairs, and indices available on their trading platform. There are also webinars where all account holders can participate.
A unique feature found at 10Trade is their radio station which broadcasts the latest market news and reviews from their team of financial analysts. 10Trade Radio provides up-to-date commentary on financial markets, platform updates, and information on how local and global events can guide trading decisions. Live signals are reported before the announcement of a major economic event. 10Trade Radio also instructs traders on how to read financial charts.
The FAQ page and the financial glossary are extensive and offer a wealth of information for both new and experienced traders. The 10Trade trading ebook can be accessed on both desk top and mobile devices.
Market analysis is provided daily and a weekly market review wraps up the week’s events with a deep commentary on the possible implications and impacts in world markets.
10Trade Binary Options
Credit card withdrawals can be made up to $10,000; there is no limit on a withdrawal made via a bank wire. The minimum withdrawal by credit card is $30 and by wire $100.
Besides credit card and bank deposits and withdrawals, 10Trade uses Skrill, WebMoney, CashU and other payment methods.
10Trade is a fully licensed and registered binary options broker with regulation by the Cyprus Securities and Exchange Commission (CySEC).
The 10Trade website comes in English, Arabic, Germany, French, Russian and Spanish and is user-friendly and responsive. The landing page provides a virtual tour of the world of binary options and how traders can make money trading them.
Customer support is available 24/7 via Chat and traders can contact a representative at the telephone numbers in over 32 different locations around the world.
All in all I found 10Trade.com to be a well-rounded binary option broker. The features are strong and there are several unique ones not found with other binary option brokers. It’s a shame that there is only one account to choose from and that a demo account is not offered.
One of the nicest features of 10Trade is its customer support which is responsive 24/7 via Live Chat, Email or Toll Free Phone. The platform and support are available in 11 languages and the separate education department has experienced traders on call to assist both novice and experienced traders with all the training and advice they need. In addition, the fact that they are regulated a regulated binary options broker is important to many traders and guarantees that traders’ funds are safe even in an unlikely event of broker’s termination.
10Trade offers a stylish yet user-friendly online trading platform that provides up-to-the-minute trading quotations and rates provided by Thomson Reuters. Traders can choose both long-term and short-term options.
The 10Trade binary options platform was designed to be accessible to both new and experienced traders. There are over 150 assets to choose from, high payouts and a list of trading products and tools including Ladder Options, Trader’s Choice, historical price graphs as well as popular classics such as “60 Seconds” and “OneTouch”. There is also a buy-out feature.
The 10Trade binary option platform requires no downloads. Both the web and mobile versions of the platforms offer immediate access and instant trade execution.
Some of the highest and most rewarding trades come from the One Touch trading option. It simplifies the standard binary options while offering huge payouts. It is particularly beneficial for traders who believe that the price of an underlying asset will exceed a certain level in the future but who are unsure about the sustainability of the higher price. With One Touch, the investor sets the price level of the trade, the expiry and the payout to be received once the level is reached. Unlike standard binary options, it is not enough to predict the price direction with One Touch as that has already been selected within the option along with the target price.
10Trade Platform Introduction
The 10Trade 60 Second trading platform offers 60 second trading which is ideal for traders who are looking for immediate rewards and who are able to respond quickly and effectively to sudden market movements.
10Trade lists a Pairs option and a Ladder option. In the latter, the trader chooses whether the binary option will be above or below the strike price. A summary screen gives the expiry time, investment amount, payout, asset and strike price.
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