TenTrade-Some Important Points about This Broker

TenTrade Information

TenTrade is a Seychelles-based forex and CFD broker founded in 2010 and licensed by the Seychelles Financial Services Authority (FSA) with a retail forex license (SD082). TenTrade offers three account types (PRO, ECN, BONUS), supports MT5 platform trading, covers a wide range of assets such as forex, commodities, indices, and provides flexible leverage up to 1:500. However, it has been flagged as suspicious clone by the Cyprus Stock Exchange (CySEC).

Pros and Cons

Is TenTrade Legit?

TenTrade is offshore regulated by the Seychelles Financial Services Authority (FSA) under the entity Evalanch Ltd, holding a Retail Forex License (SD082). The company operates within the regulatory framework provided by the Seychelles FSA, which is known for its offshore jurisdiction.

However, it has been identified as a suspicious clone by the Cyprus Securities and Exchange Commission (CySEC) and the FSA under other entities.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Seychelles Financial Services Authority (FSA)	Offshore Regulated	Evalanch Ltd	Retail Forex License	SD082
	Cyprus Securities and Exchange Commission (CySEC)	Suspicious Clone	Holiway Investments Ltd	Straight Through Processing (STP)	248/14
	Seychelles Financial Services Authority (FSA)	Suspicious Clone	Milton Global Ltd	Retail Forex License	SD040

What Can I Trade on TenTrade?

TenTrade offers 40 Forex, Commodities, Indices, Shares, NTFS, and Energies.

Account Type & Fees

TenTrade offers three types of live accounts: PRO, ECN, and BONUS.

PRO Account: Suitable for beginner traders, with a minimum deposit of $100, spreads from 1.2 pips, no commissions, support for STP mode, and flexible leverage (up to 1:500).

ECN Account: Designed for professional traders, with a minimum deposit of $300, raw spreads (from 0 pips) are available, but a commission of $3.5/lot is charged per trade, STP and high leverage are also supported.

BONUS Account: The lowest threshold, only $50 to open an account, spreads from 1.8 pips, no commissions, suitable for beginners with less capital, and who want to experience trading.

Leverage

TenTrade offers flexible leverage from 1:1 to 1:500 for all account types. High leverage allows traders to diversify their portfolios more flexibly and try different trading strategies without having to invest a large amount of money.

Trading Platform

TenTrade offers the MT5 platform. MetaTrader 5 (MT5) is a multi-asset trading platform launched by MetaQuotes that allows trading Forex, Stocks, and Futures.

Deposit and Withdrawal

TenTrade supports a variety of payment methods, including Neteller, Skrill, local bank transfers, SWIFT wire transfers, Visa, and Mastercard.