10TradeFX--Some Important Points about the Broker

General Information & Regulation

Launched in 2014, 10TradeFx is a brand owned and operated by Holiway Investments Ltd, a fully regulated Investment Firm by the Cyprus Securities and Exchange Commission with license number 248/14. 10TradeFx mainly offers Investment Services, foreign exchange services and Ancilary services. Clients of 10tradeFX are able to trade in forex and a series of CFD products via the three account types on the MetaTrader 4 platform.

Market Instruments

Tradable financial instruments available on 10TradeFX platform are currency pairs, spot metals, shares, cryptocurrencies, indices and commodities.

Minimum Deposit

There are three account types which are Silver, Gold, and Platinum. The silver account is the starter account and it requires a minimum deposit of 200 USD. Minimum trade size for this account type is 0.1 lot. The Gold accounts requires a deposit of 1000 USD as a start, and the minimum deposit for the Platinum account is even much higher, up to 5,000 USD. The Swap-free account for all three account is optional.

10tradeFX Leverage

In line with ESMAs guidelines, the maximum leverage provided to retail clients with 10tradeFX is 1:30. The use of high leverage ratios may just as easily easily result in serious loss. That is why it is capped in many jurisdictions.

Spreads & Commissions

Spreads in the silver account are starting from 3.2 pips on EUR/USD which higher than the industry average. Most brokers offer spreads in the range of 1.0 – 1.5 pips for EUR/USD pair, so 10tradeFXs trading costs are way too high.

Trading Platform

10TradeFX offers its clients to trade with the most popular platform MT4. The MetaTrader 4 platform is a benefit for whether it be investors involved in auto trading, managers working with MT4 multifunctional, or individuals who choose to use an assortment of progressive technical analysis charts.

Deposit & Withdrawal

Traders can fund their trading account via various payment methods such as wire transfer, Neteller, Skrill, Naganluong, 4Cash. Minimum withdrawal is 100 USD, there are no fees for deposit but there are for withdrawal. Withdrawal time takes up to 24 hours from request.

Customer Support

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. The 10Trade website comes in English, Arabic, Germany, French, Russian and Spanish