10Markets is a rather new binary options and Forex broker that has a unique trading system. We have decided to review this broker, and I will tell you a little about 10Markets including their history. I will examine 10Market’s terms and conditions and will share what I find. I will also tell you if they offer a demo account and mobile trading. Lastly, I will offer my opinion if I think 10Markets is a scam.Visit Website
- Unique platform that allows traders to easily switch between Forex and binary options
- Exceptional customer service
- Not licensed or regulated
- U.S. traders not accepted
Deposit & Withdrawal Methods
- Company:10Markets Ltd
- Incorporated:United Kingdom
- Platform:Panda Trading
- Minimum Deposit:$250
- Minimum Withdrawal:$100
- Minimum Trade:
- Demo Credits:
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
10Markets is both a binary options and a Forex broker who is owned and operated by 10Markets Ltd in London. For Forex traders, 10Markets uses a sophisticated MT4 platform, and for binary options, the most up-to-date Panda Trading system is used. Traders find a wonderful feature in that they can switch easily between Forex and binary options with one click.
10Markets has a huge list of assets, and traders can attain signals and trade in 30 second to 10 minute options, or one touch, ladder and high/low options. The website is available in multiple languages, and they also offer a social trading feature in which you can copy other people’s trades.
In 2014, 10Markets Ltd had a desire to offer a unique and easy binary options and Forex trading system. They developed the 10Markets brokerage and added features and more assets as they moved into being a leading binary and Forex broker.
10Markets Terms and Conditions
I decided to review the 10Markets terms and conditions. Every person should read the terms and conditions of all binary options brokers they are considering creating an account with. These are some of the primary terms I found:
- You must be over 18 years of age to use the 10Markets services
- 10Markets has the right to check your credit scores before allowing you to continue using their services
- The minimum deposit amount is $250, and the maximum is $10,000
These are just a small portion of the 10Markets terms and conditions. I will reiterate that you should read them completely before creating an account.
10Markets Withdrawal and Bonus Terms
When requesting a withdrawal from 10Markets, you may be asked to provide supporting documentation in regards to anti-money laundering regulations. These may include a photo id, a recent bank statement or utility bill showing your name and address and a copy of the credit card used.
You will have to fill out and sign a withdrawal form and send it via email. Once that is received, 10Markets will begin processing the withdrawal. It can take up to 5 business days for 10Markets to process the withdrawal request, and the funds will be deposited in the same format the investor deposited money in 10Markets.
10Markets offers some great bonuses, but you should consider the bonus terms before accepting a bonus. To withdraw any bonus money, you must trade a volume of 25 times the bonus amount. So, if you receive a $100 bonus, you will have to make trades equaling $2,500 before you can withdraw. If you withdraw early, the bonus will be deducted.
10Markets Demo Account
It is my understanding that if you open an account with 10Markets and deposit funds, if you desire to get adapted to the trading system, you can simply request a demo account and the customer service team at 10Markets will set one up for you. This can help you learn the trading system before you risk your own money.
For those who want to perform Forex or binary options trades while on the go, 10Markets does offer a mobile trading app. You can get the application from either the Google Playstore or the Apple App Store.
10Markets Scam Watch
10Markets seems to have a very professional system. I honestly believe if 10Markets was a scam, they would take all traders instead of telling U.S. traders they can’t use the system. Scammers usually don’t care about regulations.
While 10Markets is not yet licensed or regulated, I believe they should not have any issues gaining licensing. I have not found any serious complaints, and what complaints I have found, 10Markets representatives work very hard to resolve the issue.
We would like to hear from anyone who has used the 10Markets trading system. Please share your results, especially withdrawals.