10Trade Review – Newest Binary Options Broker

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10Trade Review

10Trade is one of the newest binary options brokers, launched in 2020.

  • Minimum Deposit: $200
  • Average Payout: 81%
  • Minimum Investment: $10

Broker Info

Name 10Trade Web site www.10trade.com Online since 2020 Country Cyprus Platform SpotOption

Recently launched binary options broker 10trade boasts a secure and highly innovative trading experience. Its professional, streamlined interface makes accessing its impressive range of trading options a breeze. 10trade’s intuitive web design means that traders of all ability levels, from beginners to seasoned experts, can easily navigate its features.

Trading Platform

With an extensive collection of over 200 tradable assets and an impressive payout rate of 81% on successful trades, traders are guaranteed a superior trading experience with 10trade.

Trading Features

10trade offers an impressive array of trading options to its customers, from timeless favorites to the most cutting edge trading methods on the market. Traders also have the opportunity to decide the timeframe for their trade. Long Term Options span anywhere from a few days to several months and are ideal for traders who wish to use their extensive market knowledge to calculate an asset’s future direction. However, traders seeking an adrenaline rush and fast paced trading may favor 60 Second Options. One Touch Options are suited to traders who are confident that their asset of choice will hit a specific price but are unsure how long its position will be maintained. An asset simply needs to touch the strike price once and the trade will expire in the money. Paired trading provides an alternative to the usual binary options wagering of whether a price will rise or fall. Instead traders must predict which asset will outperform the other, with a host of internationally renowned enterprises to choose from.

CySEC Regulation

10trade’s status as a CySEC regulated platform is a major plus for clients seeking secure online trading. CySEC (the Cyprus Securities and Exchange Commission) is an independent body which oversees the market and ensures abidance with EU directives. CySEC grants licenses to brokers who comply with an extensive list of strict requirements and fair trading practices. This provides traders with comprehensive protection when trading binary options online.

Withdrawals

The process for withdrawing funds on 10trade is extremely straightforward. Clients are provided with an array of withdrawal options, including credit card and wire transfer. As an additional perk, traders withdrawing funds by credit card are not charged any additional fees, ensuring traders receive 100% of their returns on successful trades. Clients also enjoy a complimentary wire transfer every month. Requests to withdraw funds are processed within only 3 business days and elite account holders can enjoy expedited withdrawal options.

Educational Academy

10trade has invested extensively in providing its traders with an extensive selection of advanced online learning resources. Its Education Center offers a comprehensive collection of instructional video courses on a variety of topics, including an Introduction to Binary Options for novice traders as well as Advanced Technical Analysis for more experienced investors. This is in addition to 10trade’s exclusive eBook, informative webinars and live online radio broadcasts from leading financial analysts who update traders on recent market events and upcoming trading opportunities.

Customer Support

10trade’s highly trained customer service team is available to receive traders’ queries and requests 24 hours a day, 7 days a week. Customers are free to contact a representative via the medium most convenient for them, whether that is email, phone or live chat. International clients can even request assistance in over 10 different languages.

So why wait? Sign up for your 10trade package today and enjoy the endless possibilities it offers!

10Trade review

The broker 10Trade is one of the newest players on the binary options market. Launched in 2020, 10Trade promotes a user friendly platform on a stable and fully regulated system. They are licensed with CySEC, which ensures that traders can feel absolutely safe when they’ve signed up with 10Trade. But, because 10Trade is still so new, there is as of yet little information to be found about this broker. This 10Trade review is meant as full disclosure, providing every piece of information that is necessary to decide whether this is a good broker or not.

Trading Platform

The first thing that should be taken notice of, is the unambiguous trading platform 10Trade provides. It could not be more clear how to use the platform. Intuitive and user friendly, 10Trade ensures that new and professional traders alike can trade in a comprehensible manner to their hearts content. All the well known features are available plus a number of innovative features. This is a great advantage of 10 Trade, as the available number of features exceeds what is offered by other brokers. Next to the classic features such as 60 Second and One Touch options there are also Ladder Options and Trader’s Choice. This gives traders a whole slew of possibilities, as they are enabled to try different and varied trading strategies.

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10Trade is accessible across the world, as their trading platform is translated in 12 languages. Another advantage 10 Trade offers is the inclusion of a lot of educational material. They offer instructional eBooks, videos and webinars. Even professional one-on-one training lessons can be requested from trading specialists. This definitely makes 10 Trade a valuable choice for new traders who wish to learn and become experienced in the world of binary options trading.

Start Trading with 10Trade

In order to gain access to 10Trade’s user friendly trading platform, an account needs to be created. This can be done by filling out all the necessary personal information. When the account is created a minimum deposit of 200 EUR / USD should be made before trading can start. Deposits can be made with a number of different payment methods, including Credit Card, Wire Transfer and NETELLER. When the deposit is made, trading can commence immediately.

Payout

An important factor to consider when deciding whether to open an account with a specific broker, is the payout they offer. The broker 10 Trade offers a pretty stable payout of 81%. This might not seem as high as is offered by other brokers, but it is still very high and should definitely not be dismissed. With a payout of 81% every trader should be able to earn a lot of money, even more so on the user friendly platform and highly effective platform offered by 10 Trade.

In addition, the multiple tools for education will allow traders to fully understand market signals. Proper analyses can be made, resulting in a majority of profitable trades. Other brokers do not offer such an extensive educational program, meaning that 10 Trade gives its traders an edge.

Assets portfolio

The number of assets a broker has in its portfolio is another very important factor when looking into all the different brokers available. 10Trade offers its traders one of the richest portfolios, totaling around 200 assets to choose from. This makes for a heavily varied trading experience, which is very positive. Even niche trades and investments can be made through the user friendly trading platform of 10 Trade, such as investments in Cryptocurrencies. Not many brokers offer this possibility to their traders, making 10Trade, in a way, a pioneer. Of course also all the more well known assets can be traded, which are divided in 4 different types: stocks, currencies, commodities and indices.

Clearly, traders have a large amount of choices available to them on the trading platform of 10 Trade, ensuring a varied trading experience. Together with many different trading methods, it is not easy to become bored on the trading platform of 10Trade. It is very dynamic and innovative.

Customer Service

As was mentioned earlier, the trading platform of 10 Trade is translated into 12 different languages. It should not come as a surprise that their customer service is available in the same number of languages as well. This further enhances the reliability 10Trade offers to its clients. The customer service is available 24 hours a day for 7 days a week, and can be reached by Phone, Email and Live Chat. 10 Trade truly sets the bar for professional support and availability. Because of this, a lot of traders are making a change and sign up with 10Trade, in order to take advantage of their good services.

What’s Good

10Trade definitely has a very reliable trading platform which comes included with a large number of features and extras. New traders have many educational possibilities at their disposal, even one-on-one training is provided by 10Trade. Other than that 10 Trade has a huge portfolio of assets to trade with, which can be navigated through with great ease thanks to the user friendly platform they use. All of this is completely safe and protected, thanks to the regulation by CySEC.

What’s Bad

One factor that might result in traders holding 10Trade in a negative light, is the fact that there is still very little information available about this broker. There are few 10Trade reviews, and some extensive lists of available brokers do not even include 10Trade. For outsiders this might come off as shady, even though this description hardly described the services 10Trade offers. It is possible that the general absence of 10 Trade online might be attributed to their newness. In time this broker will definitely garner more attention, as they offer very good and reliable services.

10Trade review Final Verdict

Overall, 10 Trade is a proper broker who offers a full-service package to traders of binary option. Their platform is user friendly and comes with many features and extras. New traders have the possibility to learn and become better educated about online trading, making 10Trade a good choice for both newcomers and professionals. 10Trade might be a new broker, but with their high quality services they definitely have a chance to become one of the most popular brokers.

10Trade Broker Review

Summary

Being a regulated broker, 10Trade provides a thoroughly trader-oriented platform that has several advantages for both beginner and expert traders. However, we would like 10Trade to concentrate on some areas of its service for better levels of customer satisfaction.

A Brief Outline Of 10Trade Review

10Trade has developed a niche for its own in the binary options markets, as the company has chosen to adopt a straightforward approach towards binary options trading. Such a move has been well-received by traders, especially in the light of the competition that is keen on making profits at the traders’ expense. Brokers usually aren’t committed to the welfare of the traders, especially those that are not regulated by a genuine regulatory agency.

We approach every broker review with the intention of discovering all the finer aspects of trading the binary options market. There are numerous choices for traders in the industry that provides a large range of binary options products with varying levels of payouts and trading performance. We are particularly concerned about the fees of trading, platform efficiency, bonuses, and the safety of funds. Therefore, our 10Trade binary options review has all the ingredients for gaining a clear picture of the broker’s performance, and is a must-read for all categories of traders before investing in the company.

10Trade Regulation

10Trade offers a regulated binary options brokerage service and has been a verified broker since 2020. Holiway Investments Ltd., which operates out of its corporate headquarters in Nicosia, Cyprus, is the primary company that is responsible for maintaining 10Trade’s binary trading operations. 10Trade is simply a brand name and operates as a financial company that can indulge in different types of foreign exchange transactions, including handling of clients’ funds. Therefore, 10Trade is regulated by the Cyprus Securities and Exchange Commission (CySEC) to operate as a financial brokerage under the European Markets in Financial Instruments Derivatives (MiFID).

10Trade also provides a guarantee of protecting investors’ funds against broker insolvency by offering compensation of funds up to €20,000 through the Investor Compensation Fund (ICF). CySEC has the distinction of being one of the foremost regulatory agencies that legalised the concept of binary options in the country and has ever since played an integral part in the development of the binary options market. It is indeed commendable that 10Trade has ensured the best regulatory policies for its clients under the European regulatory guidelines.

Tradable Products & Underlying Instruments At 10Trade

With over 200 options to choose from, 10Trade has far exceeded the market expectations by covering a huge range of financial assets from the Forex, commodities, stocks, and indices market. The company has even facilitated the option of trading pairs, which does put the company in a privileged position against the existing market leaders. Here is a list of all available financial assets available at 10Trade:

Stocks: 3M, ADIDAS, AIG, ALCOA, ALIBABA, ALLIANZ SE, AMAZON, ANZ BANK, APPLE, ASX, ATHENS, AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BARCLAYS, BASF AG, BAYER AG, BHP-AU, BLACKBERRY, BMW, BOEING, BOVESPA-F, BP, BRITISH AMERICAN TELECOM, CATERPILLAR, CHEUNG KONG, CITIGROUP, COCA COLA, COMMONWEALTH BANK, DAIMLER AG, DEUTSCHE BANK, DEUTSCHE TELEKOM, DISNEY, E.ON SE, EBAY, EXXON MOBIL, F5 NETWORKS, FACEBOOK, FAZ-SHORT BANKS, FREEPORT MCMORAN, GAZPROM, GENERAL ELECTRIC, GENERAL MOTORS, GOLDMAN SACHS, GOOGLE, GROUPON, H & M, HSBC HOLDINGS, HSBC-HK, HUTCHISON, IBM, ING GROUP, INTEL, JAKARTA SE, JOHNSON & JOHNSON, JP MORGAN CHASE, KING DIGITAL (CANDY CRUSH), KOSPI, LAS VEGAS SANDS, LINKEDIN, LLOYDS BANK, LUKOIL RS, MASTERCARD, MAZDA MOTOR, METRO AG, MICRON, MICROSOFT, MCDONALD’S, NETFLIX, NIKE, PETROBRAS, PFIZER, PING AN INSURANCE, PROCTER & GAMBLE, RIO TINTO, RIO-AU, ROSNEFT, RTS FUTURE, RUSSELL 2000, S.BANK INDIA, SALESFORCE.COM, SANDISK, SAP, SAUDI REFINERIES, SBERBANK, SEARS HOLDINGS, SIEMENS AG, SINA, SONY, STARBUCKS, SUMITOMO MITSUI, TATA MOTORS, TATA STEEL, TEL AVIV 25, TELEFONICA, TENCENT HOLDINGS, TESCO, TESLA MOTORS, TEVA.TA, TOPIX 100, TOSHIBA CORP, TOYOTA (US), TWITTER, UNICREDIT, VODAFONE, VOLKSWAGEN, VOLVO, WAL-MART, WEIBO, WESTPAC, WYNN RESORTS, YAHOO, YANDEX N.V

Forex Pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/RUB, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/MXN, USD/RUB, USD/TRY, USD/ZAR

Commodities: COFFEE, COPPER, CORN, GOLD, OIL, PLATINUM, SILVER, SUGAR NO. 11, WHEAT

Indices: ASX FUTURE, BOMBAY SE, CSI 300, DAX, DAX FUTURE, DOLLAR INDEX F., DOW, DUBAI, EURO STOXX 50, EURO STOXX 50 F, FTSE 100, FTSE FUTURE, FTSE MIB FUTURE, GERMANY 10YR BOND, HANG SENG, HANG SENG F. HSI, IBEX, IBEX FUTURE, KUWAIT, MICEX, NASDAQ, NASDAQ FUTURE, NGAS FUTURE, NIFTY FUTURE NIFTY, NIKKEI 225, NIKKEI FUTURE, S&P 500, S&P FUTURE, SHANGHAI COMPOSITE, SMI FUTURE, SSE180, TADAWUL, TNA-LONG X3, TSX 60, TZA-SHORT X3 CTG, U.S 10 YEAR NOTE, U.S 30 YEAR NOTE

Pairs: AMAZON VS EBAY, AMAZON VS NETFLIX, APPLE VS AMAZON, APPLE VS GOOGLE, BARCLAYS VS LLOYDS BANK, BMW VS DAIMLER, CITIGROUP VS AIG, CITIGROUP VS JP MORGAN CHASE, DAX F VS FTSE F, FACEBOOK VS TWITTER, GOLD VS OIL, GOLD VS SILVER, GOOGLE VS BAIDU, GOOGLE VS FACEBOOK, LINKEDIN VS FACEBOOK, LINKEDIN VS TWITTER, MAZDA VS TOSHIBA, NASDAQ VS APPLE, NIKKEI 225 VS TOSHIBA, NIKKEI VS SUMITOMO MITSUI, RIO-AU VS BHP-AU, S&P 500 F VS NASDAQ F, SIEMENS VS E.ON, STOXX 50 F VS FTSE F, VOLKSWAGEN VS DAIMLER

The pairs options is a great investment opportunity provided by 10Trade, along with a chance to trade some of the leading stocks, commodities, indices, and FX currency pairs in the market. For the informed trader, 10Trade does indeed provide an outstanding array of financial assets for binary options trading.

10Trade Binary Options & Their Payouts

10Trade enables its clients to invest in almost all popular binary options products that are available in the market. The regular Digital Options for high/low are binary options that expire within 15 minutes and qualify for a maximum payout of 81%. The ROI for different pairs and options may vary according to the asset chosen by the trader, but 10Trade does provide a basic ROI of 70%-81% throughout its traditional binary options. 10Trade has provided different types of the traditional high/low trading options, typically long-term, short-term (60 secs), Ladder, and One-Touch options.

The One-Touch options are more profitable when compared to the traditional options, as one-touch options can provide up to 500% ROI on specific assets. The one-touch options are more suitable for traders that have more experience in the markets, as it takes an incredible amount of skills to read the market conditions to succeed in one-touch options. If you are a beginner trader, you should try to get familiar with the regular binary options, and choose one-touch and other similar options only if you are more aware of the market dynamics.

Traders also have the option of modifying their positions with double-up and rollover options. The double-up is quite simply a doubling up feature that enables a trader to continue investing in a position to extend the profits if the market looks favourable. The rollover, on the contrary, is a stop loss strategy employed by traders to prolong their expiry times if the market is not conducive to their position. The ability to modify positions may involve additional costs, and can only be performed 10 minutes prior to the expiry of the option.

10Trade Platforms & Investment Position Sizing

10Trade trading does not require any downloads or massive computing resources, as all trading activities are carried out through a browser-based trading platform. The 10Trade trading platform is based on a third-party trading interface known as SpotOption, which is fairly popular in the binary options trading community. The SpotOption is renowned for its strong trading, performance, and range of options available during most market hours. Traders only need to point their web browser to the online platform, and they are offered complete access to the markets through a state-of-the-art interface that is easy to learn and use. The great advantage of the online 10Trade platform is that it can be accessed on any device, both desktop and mobile.

The minimum investment for opening a trade at 10Trade is $10. There is also a maximum limit of $1500, but the broker may raise this ceiling for larger traders. The minimum and maximum investments are in line with the market standards, but we would have liked the broker to offer a trading platform that had an option of a minimum investment of $1. 10trade is indeed a suitable brokerage for smaller traders and is partly helped by a fantastic trading platform that offers a reliable trading environment for all traders.

10Trade Mobile Trading

One of the major gripes that we have with 10Trade is the lack of availability of mobile trading apps, especially for iOS and Android users. 10Trade has not provided any dedicated mobile trading interfaces for any of its mobile users, which is a serious concern for a fair share of 10Trade users. The broker has taken advantage of the 10Trade web-trading interface’s scalability and responsive layout to provide mobile trading services through the device’s browser. All smartphone and tablet users will have to access their trading accounts through the 10Trade browser platform, but it does not minimise any trading features or reduce the opportunity of trading the wide variety of options.

10Trade Minimum Deposit & Payment Methods

The broker has specified a low minimum deposit of €200 or $200, which is less than the $250 mentioned by other brokers. However, the lower investment only qualifies for a very basic account that does not offer any features or advantages by way of training, bonuses, or other account benefits. To take undue advantage of the 10Trade binary options services, traders are required to deposit a minimum of €500 for the Welcome account. The Welcome account offers a basic platform tutorial, daily market reviews, and a digital online eBook, along with two weeks access to Trading Central.

For a personalised account for traders that are willing to deposit more into their 10Trade account, the broker offers the Presidential account option for more account benefits and features. 10Trade’s funding options are quite extensive, but the broker hasn’t bothered to add some of the most popular payment methods such as Skrill and Neteller to its account financing options. Regardless, traders can deposit and withdraw money through Visa, MasterCard, CashU, WebMoney, Bank Wire, Paysafecard, and other payment options as provided in the company’s alternate payment methods page.

10Trade allows its traders to withdraw amounts as low as $30 through card payments, and as low as $100 via wire transfer. Card payments and wire transfers are the only two withdrawal options for traders. The broker charges a minimum fee for all withdrawals that are categorically mentioned in the broker’s official withdrawals page. Traders will be disappointed that even though the broker accepts multiple payment options for deposits, the withdrawal options are just limited to card and wire transfer.

10Trade Bonus

10Trade does not provide any bonus to its European clients, mainly due to the CySEC and EU regulations that prohibit brokers from providing any free money to its clients. EU regulations also specifically warn companies against offering any type of promotions that may lead to a conflict of interest between traders and the broker. 10Trade my provide bonuses ranging from 20% to 50%, depending on the initial deposit. However, according to a recent statement by the company, it may be difficult to avail bonuses from any broker that is situated in the EU.

10Trade Demo Accounts

10Trade does not offer a ready-made demo account to its traders, and it is strange for a regulated binary options broker not to offer a virtual practice account to its clients. However, the good aspect of regulation is that 10Trade may provide a demo account to its traders, provided they are willing to get in touch with the customer service department and negotiate better terms and conditions for trading. It is up to the discretion of 10Trade to offer a demo account, but traders should be able to avail this option without much trouble.

10Trade Customer Service & Complaint Resolution

10Trade is a regulated company that follows all the EU laws that apply to financial companies that deal with investments. Traders can contact the 10Trade customer service department through live chat, email, web contact form, and telephone numbers to its various representative offices throughout the EU and the world. However, if a trader feels that he/she has been mistreated by the company, the trader is free to contact the financial ombudsman service or take the matter to court for complaint resolution. Having the ability to hold the broker accountable for its actions is perhaps one of the main advantages of trading with a regulated company.

10Trade Learning Resources

10Trade follows along the lines of other binary options brokers that provide customised training to larger account holders. The more a trader deposits into his/her account, the better access to trading resources. Nevertheless, traders do get access to Trading Central, which is a great third-party option for analysing the markets. Traders are also treated to daily market analysis, eBook, and other training materials that cover the entire binary options market.

10Trade Verdict

  • An EU regulated broker located in Cyprus.
  • Customer service channels are among the best in the industry.
  • Greater security of funds.
  • Extensive choice of financial instruments.

CONs

  • The bonus is not available to all traders due to CySEC regulation.
  • No dedicated mobile trading apps.

Is 10Trade A Scam?

10Trade is a CySEC regulated binary options broker and follows all EU guidelines for safe operations. 10Trade is not a scam broker.

Can I Deposit/Withdraw Through Online Wallets?

10Trade offers multiple deposit options which include e-wallets, but withdrawals are only available through card and wire transfers.

How Can I Open An Account?

You can open an account by registering with an email address. You can start trading as soon as you make your initial deposit.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

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