10TRADEFX REVIEW 2023: IS IT WORTH IT?

Seychelles Financial Services Authority (SFSA) regulates 10TradeFX. And guess what? It is a non-dealing-desk STP broker.

10Trade FX became a market leader in the online trading of different options, and prides itself in a wide range of products. It also offers high payouts and hosts diverse trading platforms and tools. The platform is perfect for both experienced and amateur users due to its flexibility – so don’t worry if you are new to this.

10TradeFX has created a solid and secure trading environment comprising all the advanced trading technology, and is involved in renowned partnerships. It suggests that 10TradeFX is a safe, transparent, and highly dependable broker. This ensures the broker conducts efficient transactions backed by the deepest liquidity pools in the market.

10TradeFX homepage

10TradeFX spreads start from as low as 0.0 pips with no commission fee. 10TradeFX gives excellent guidance to beginner traders, walking them through the process by providing training, courses, webinars, and much more. These services are not just for beginners but the experts in the industry, too, as everyone needs a refresher.

HOW DOES 10TRADEFX WORK?

There are hundreds of broker platforms. Now that we’ve discussed what makes the platform secure and user-friendly, let’s delve into how it operates.

Trading with 10TradeFX is quite simple and fast. On the website, click on the “Trade Now” button in the upper right corner of the screen.

Fill in the registration form, and once the application is submitted, you will receive an email containing all the details, including your user ID and password. Once registered and logged in, trading with 10TradeFX is done in 3 easy steps:

1. Open Account: Fill in all the required details to open your account. It shouldn’t take more than 2 minutes.
2. Deposit Funds: Choose a range of deposit methods to fund your account. The minimum amount to deposit is $200.
3. Start Trading: Your account is now open, and you can place your orders and enjoy trading on any FX or CFD instruments. Happy trading!

Here’s a list of products 10Trade offers:

1. Forex: 10Trade offers more than 40 major and minor currency pairs with spreads starting at 0.1 pips. The pairs are:

• EUR/USD
• GBP/USD
• USD/JPY
• AUD/USD
• USD/CAD, and more.

2. Commodities Trading: You can trade popular commodities on the 10Trade platform:

• Gold
• Silver
• Natural Gas
• Crude Oil

3. Indices: 10Trade allows traders to trade on major stocks. It also allows traders to forecast or see experienced traders predict on a specific stock without even buying shares.

• UK FTSE 100
• German DAX
• Nikkei

4. Stocks: Choose from a wide selection of the most famous and popular global shares listed on the platform, with low margin requirements and competitive commissions. Here is a list of some of the stocks available on the platform:

• Apple
• Tesla
• Meta
• Amazon
• Netflix
• Alphabet
• EBay
• Microsoft
• Ferrari, and more.

5. Cryptos: Don’t worry; 10TradeFX keeps you connected with the crypto world.

• Bitcoin
• Ethereum
• Litecoin
• Ripple
• Stellar
• BitcoinCash
• Polkadot
• Chainlink
• EOS

6. NFTs: Of course, who can forget NFTs in this rapidly emerging market? 10TradeFX supports the trading of major NFTs, including:

• Sandbox
• Axie Infinity
• Gala Games
• Enjin Coin

10TradeFX assets page

Platinum, Silver, Gold, and Pro are the four categories of live accounts available. There is a wide selection of leverage options, including 1:500 leverage. You should exercise caution when increasing your position holdings dramatically. There is a 50 percent margin call and a 30 percent stop-out.

The great news is that for most deals, the broker provides trading with no commissions. However, there is a 0.1 percent commission fee for CFD trades. You also get a 30 percent match incentive on your very first deposit.

Does 10TradeFX offer a demo account?

Signing up for a demo account as a beginner might be quite beneficial. It allows you to acquaint yourself with how trading on the platform works before investing further. Most of the trading platforms provide a demo account.

You’ll be happy to know that 10TradeFX provides a demo account. After registering, you can utilize it for risk-free practice and exploration of the different trade settings.

Both prospective and current customers can create a trading account. Our advice: practice as much as possible on a demo account before proceeding to the real trading task.

The trading platform 10TradeFX uses the popular MetaTrader 5.  It enables a reliable and trusted environment for clients. 10TradeFX ensures an effective trading atmosphere, supported by various services necessary for a hassle-free trade.

It has more than 40 currency pairs and options for precious metals like gold and silver. It’s perfect for all things investment-related, and is user-friendly to navigate.

Once you register on 10TradeFX, you will see the balance in your account and the asset list. With the simple user interface, you can search through the available assets easily.

10TradeFX platform

What are the trading indicators available on the 10TradeFX platform?

We know that technical indicators aid you in identifying trends and predicting future price movements. The technical indicators available on MT5 are:

• Bollinger Bands
• RSI (Relative strength index)
• Moving average convergence divergence (MACD)
• Moving Averages (MA)
• Stochastic Oscillator
• Parabolic SAR
• Awesome Oscillator
• ADS
• Commodity channel index (CCI)
• Ichimoku Cloud
• Detrended price oscillator (DPO)
• Average true range (ATR)
• Fractal and more.

10TradeFX keeps customer funds distinct from corporate funds. Clients’ funds are secure with tier 1 EU banks for optimal security.

10TradeFX’s MT5 system is encrypted to a high standard, and offers two-factor authentication (2FA) to give traders additional protection.

All deposits are free of charge. However, third-party payment services may charge fees.Bank wire, Neteller, Skrill, Nganluong, and 4Cash are all options for funding your account.

However, you should be aware that the broker has made the difficult decision not to accept card deposits. Therefore, transfers may take up to three days. However, “instant” deposits may take 24 hours.

How to withdraw funds in the 10TradeFX?

Withdrawing funds from 10TradeFX is quite simple. I’ll explain the details of how you can make withdrawals. On any platform, you must submit a withdrawal application. After submitting an application for withdrawal, the user will await confirmation.

Withdrawals have the same methods used for deposits. The minimum withdrawal requirement is $100. It may be challenging to reach funds in some situations.

Withdrawals made via bank wire will not be charged fees by the broker, although bank costs may apply. Skrill withdrawals are also subject to a 1% fee. Nganluong and 4Cash withdrawals are subject to a 2% cost.

The only fee-free withdrawal option appears to be Neteller. Processing time is quick – it takes only 24 hours from the time the application is confirmed to receive your funds.

10TradeFX’s platform has several methods of customer support that are just a few clicks away. Customer service is offered via chat 24 hours a day, seven days a week. You can use the website’s online chat facility, email, or phone.

To chat online, you can simply visit the website and select “contact us.” You may also contact a support agent via email, which is “support@10tradefx.com”.

10TradeFX contact info

Although 10TradeFX does not offer any promo codes, it does allow users to take part in trading events. To participate in such events, users must pay a participation fee to enter.

What are the account types available on 10TradeFX?

The site has a range of account types. Pick the one best suited for you, depending on your requirements. 10TradeFX has Silver, Gold, Platinum, and Pro accounts.

Are demo accounts available?

Yes! Users have an option for a free demo account for each account type. They’re highly recommended so you can learn the ropes of the site before seriously investing.

Who owns 10TradeFX?

Holiway Global Ltd owns and operates 10TradeFX.

What is the minimum amount needed to register an account?

Each account type has its minimum deposit rate. But as a whole, you need 100 USD or equivalent to register with the Silver account and start trading.

• For gold, you need a minimum of 501 USD.
• For platinum, you need a minimum of 5001 USD.
• For Premium, you need 5001-10,000 USD.
• For Pro, you need more than 10,000 USD.

Does 10TradeFX take out taxes on profits?

10TradeFX is not a tax agent. Any payable tax depends on the rules and regulations of traders’ countries.

What is the maximum leverage offered at 10TradeFX?

You can set your trading limits. You can also choose your leverage ratio from 1:1 to 1:500 based on your trading goals and aims.

What range of markets is available at 10TradeFX to trade?

10TradeFX lets you trade in most markets, such as forex, cryptocurrencies, stocks and shares, CFDs, Commodities and Futures, Energies, Indices, and NFTs.

What are the opening and closing hours for the market?

The trading session of all our forex currency pairs opens on Monday at 00:00 and closes on Friday at 23:55 server time.  The session for Metals opens for trading at 01:00 server time every day and closes at 23:45 server time daily. The trading hours of Futures and Indices CFDs vary depending on the instrument itself.

Does 10TradeFX support Expert Advisors?

Yes! 10TradeFX supports automatic trading strategies using the MetaTrader5 trading platform.

Does 10TradeFX accept clients from the USA?

Unfortunately, no. 10TradeFX does not get clients from USA.10TradeFX is a global broker and follows all international laws and regulations. Commodity Futures Trading Commission (CFTC) regulation prohibits US clients from trading with non-US brokers. It is why clients outside of the USA are not accepted.

Do I have to provide any documents with 10TradeFX?

Yes. You must complete a secure verification procedure to confirm your identity before you can start trading with 10TradeFX.

How can I register for a trading account with 10TradeFX?

The process is effortless and straightforward. All you have to do is click the “Trade Now” button on the top section of the 10TradeFX website. Fill in the application form and submit it. Almost immediately, you will receive a welcome email that contains all trading account details, including MetaTraded5 Login ID, password, and server settings.

Does 10TradeFX offer any bonuses? 

10TradeFX has a special offer for new members. It provides a 30% bonus on the initial deposit, which is a great way to initiate new users to the site.

Final thoughts 

There you have it! A thorough, comprehensive review of 10TradeFX. Hopefully, this gave you enough information to make your decision.

10TradeFX is a fantastic option for new traders and those already in the game. The multiple trading tools and different types of accounts are great for experienced and beginner traders alike, and the user-friendly platform allows traders to make safe, secure, and hassle-free trades.

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