Editor’s Verdict
Overview
Review
Headquarters | Cyprus |
|---|---|
Regulators | CySEC |
Year Established | 2014 |
Execution Type(s) | Binary Options |
Minimum Deposit | $200 |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
10Trade is a binary options brokerage owned by Holiway Investments Limited. Holiway, located in Nicosia, Cyprus, was one of the first companies to offer its clients a fully licensed and registered binary options program with regulation by the Cyprus Securities and Exchange Commission (CySEC). 10Trade offers expert support in multiple languages and provides personal guidance for every trader.
Features
There is only one standard account at 10Trade. The minimum deposit into the account is $200 and each trade on the 60 second option must be at least $5.00 and the maximum is $500. There is also no demo account offered which I found quite disappointing when doing this 10Trade review.
Both the Double Up and Rollover options are available to all traders on the standard binary option but not on the 60 second option. When a trade is close to expiry and the direction predicted is on a roll, there is an opportunity to repeat the trade by clicking on the Double Up button. This allows a trader to place a new trade with the same conditions-assets, expiry time etc.
If the market disagrees with the prediction and the price is going in the opposite direction, traders have the chance to close in the money by clicking on the Rollover tab. The Rollover feature is available till 10 minutes before expiry.
Traders can make up to 81% on their money if their trade is successful. If an option expires out of the money, a portion of the original investment is credited to the trader’s account.
A new feature that I found when doing this 10Trade review is ‘option suspended’ which is a notification to the trader that appears at irregular trading or market conditions on a specific asset.
The asset list is extensive and it is provided in a clear and easy to read manner.
When it comes to platforms, the 10Trade binary options platform was designed with the goal of making online trading accessible to everyone, including new and experienced traders. They offer over 150 assets, high payouts and a host of trading products and tools including Ladder Options, Trader’s Choice, historical price graphs as well as popular classics such as “60 Seconds” and “OneTouch”. There is also a buy-out feature.
The One Touch option is a relatively new type of investing option that removes most of the guess work from regular options trading and simplifies the choices while offering huge payouts. It is very popular among traders in the commodity and Forex markets and is beneficial for traders who believe that the price of an underlying asset will exceed a certain level in the future but who are unsure about the sustainability of the higher price.
The 10Trade binary option platform requires no downloads and is easy-to-use. Both the web and mobile versions of the platforms offer immediate access and instant trade execution.
Education
10Trade offers its clients a list of useful tools for successful trading including courses for both beginner traders and for those that have experience in the field. In addition, there are articles and an eBook about the individual commodities, stocks, Forex pairs, and indices available on their trading platform. There are also webinars where all account holders can participate.
A unique feature found at 10Trade is their radio station which broadcasts the latest market news and reviews from their team of financial analysts. 10Trade Radio provides up-to-date commentary on financial markets, platform updates, and information on how local and global events can guide trading decisions. Live signals are reported before the announcement of a major economic event. 10Trade Radio also instructs traders on how to read financial charts.
The FAQ page and the financial glossary are extensive and offer a wealth of information for both new and experienced traders. The 10Trade trading ebook can be accessed on both desk top and mobile devices.
Market analysis is provided daily and a weekly market review wraps up the week’s events with a deep commentary on the possible implications and impacts in world markets.
10Trade Binary Options
Deposits/Withdrawals
Credit card withdrawals can be made up to $10,000; there is no limit on a withdrawal made via a bank wire. The minimum withdrawal by credit card is $30 and by wire $100.
Besides credit card and bank deposits and withdrawals, 10Trade uses Skrill, WebMoney, CashU and other payment methods.
Reliability
10Trade is a fully licensed and registered binary options broker with regulation by the Cyprus Securities and Exchange Commission (CySEC).
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |
The 10Trade website comes in English, Arabic, Germany, French, Russian and Spanish and is user-friendly and responsive. The landing page provides a virtual tour of the world of binary options and how traders can make money trading them.
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.
Conclusion
All in all I found 10Trade.com to be a well-rounded binary option broker. The features are strong and there are several unique ones not found with other binary option brokers. It’s a shame that there is only one account to choose from and that a demo account is not offered.
Features
One of the nicest features of 10Trade is its customer support which is responsive 24/7 via Live Chat, Email or Toll Free Phone. The platform and support are available in 11 languages and the separate education department has experienced traders on call to assist both novice and experienced traders with all the training and advice they need. In addition, the fact that they are regulated a regulated binary options broker is important to many traders and guarantees that traders’ funds are safe even in an unlikely event of broker’s termination.
Platforms
10Trade offers a stylish yet user-friendly online trading platform that provides up-to-the-minute trading quotations and rates provided by Thomson Reuters. Traders can choose both long-term and short-term options.
Proprietary Platform
The 10Trade binary options platform was designed to be accessible to both new and experienced traders. There are over 150 assets to choose from, high payouts and a list of trading products and tools including Ladder Options, Trader’s Choice, historical price graphs as well as popular classics such as “60 Seconds” and “OneTouch”. There is also a buy-out feature.
The 10Trade binary option platform requires no downloads. Both the web and mobile versions of the platforms offer immediate access and instant trade execution.
Some of the highest and most rewarding trades come from the One Touch trading option. It simplifies the standard binary options while offering huge payouts. It is particularly beneficial for traders who believe that the price of an underlying asset will exceed a certain level in the future but who are unsure about the sustainability of the higher price. With One Touch, the investor sets the price level of the trade, the expiry and the payout to be received once the level is reached. Unlike standard binary options, it is not enough to predict the price direction with One Touch as that has already been selected within the option along with the target price.
10Trade Platform Introduction
The 10Trade 60 Second trading platform offers 60 second trading which is ideal for traders who are looking for immediate rewards and who are able to respond quickly and effectively to sudden market movements.
10Trade lists a Pairs option and a Ladder option. In the latter, the trader chooses whether the binary option will be above or below the strike price. A summary screen gives the expiry time, investment amount, payout, asset and strike price.
Trading Platform
Automated Trading | |
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Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
