In this review, we are going to examine a rather new binary options broker called 10Trade. 10Trade is operated by Holiway Investments Ltd, and are based in Nicosia, Cyprus.
We will explain about 10Trade.com including its history, We will also go over terms and conditions to use their trading platform; that does also include withdrawal terms. We will tell you other pieces of information you should know, and try to determine if 10Trade.com is a scam.Visit Website
- CySEC license
- Offers a huge range of trading options
- Available in multiple languages
- Does not accept United States traders
10trade Deposit & Withdrawal Methods
10trade Broker Information
- Company:Holiway Investment Ltd.
- Platform:Spot Option
- Minimum Deposit:$250
- Minimum Withdrawal:$30
- Minimum Trade:$10
- Demo Credits:None
- 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
10Trade was licensed by the Cyprus Securities and Exchange Commission (CySEC) at the time they launched in 2014. This binary trading broker prides itself in being user friendly, and offering a ton of binary trading educational resources to aid amateur traders.
10Trade is available in multiple languages which include:
- and Norwegian
10Trade also offers a plethora of trading options such as: binary, short-term, long-term, pairs, ladder, and one touch.
10Trade really has very little history. In 2014, Holiway Investment Ltd. launched 10Trade who was immediately licensed and regulated by CySEC. In this short of time, there is little history to provide.
We will keep a close eye on 10Trade. If you have invested with 10Trade, and can offer any results, feel free to comment at the end of this review.
10Trade Terms and Conditions
Every binary options broker must have terms and conditions to protect their interests as well as the interests of traders. In reviewing the terms and conditions on the 10Trade website, these stand out:
1: The English version of the website prevails. If there is a discrepancy because of translation, the English version rules.
2: Traders must be at least 18 years old.
3: The agreement between 10Trade and traders can be terminated by either if 10 days written notice is given. Upon doing so, all accounts will be paid in full.
4: Before depositing and trading with 10Trade, the client must supply a photo identification.
5: Dormant accounts that are at $0 will be closed. Accounts under $25 will be charged $5 per month until account reaches $0, and will be closed. Accounts that have over $25, the account holder will be notified that their account will be closed after 10 days, and all money will be transferred to the deposit method used originally.
These are just some of the more important areas of 10Trade’s terms and conditions. It is always recommended that before utilizing any broker, you should read and understand all of the terms and conditions. You can find them at the bottom of the 10Trade website.
10Trade Withdrawal and Bonus Terms
Before any withdrawal can be processed, the trader must provide 10Trade with a photo ID, utility bill or bank statement showing the client’s address, and the front and back of cards used to deposit with the first 12 digits on the front covered and the CW code on the back covered, but the signature must show.
The withdrawal limits are $30 for credit cards and $100 for wire transfers.
With any bonuses the trader receives from 10Trade, they must trade 30, 40 or 50 times the amount of the bonus. The amount will be stipulated before the trader accepts the bonus.
10Trade Demo Account
10Trade does not offer any type of demo account. The binary options trading educational resources do make up for this.
10Trade Scam Watch
Being licensed and regulated by CySEC tells me that 10Trade is reputable, and not a scam. Scammers would not “jump the hoops” to get licensed. CySEC watches these brokers quite close, and they will immediately defend any trader who has been manipulated in any way.
You may find some individuals claiming this is a scam, but in most cases, those people did not follow the terms involved in depositing, trading or withdrawing. If you feel you have been mistreated in any way by 10Trade, you should contact CySEC. That is what they are there for.
10Trade on Mobile
10Trade does offer their trading platform in mobile formats. Whether you have a smart-phone or a tablet, you can use 10Trade’s mobile application to perform trades, and there is no cost for doing so.