The Geek’s Review Of 10Trade

10Trade is one regulated broker. This company is one of the first to have gotten CySEC regulation, and then gone on to register with 29 other EU economic arena countries include the UK, Spain, Italy and France making it a top trusted broker. The company backs this up with a clear conflict of interest policy that seeks to alleviate conflicts wherever possible and inform clients when not.

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The Geek’s Full Review Of 10Trade

10Trade is a CySEC regulated broker owned and operated by Holiway Investments Limited, 4 Pindou Street, 4th Floor, Engomi 2409, Nicosia, Cyprus. The broker operates under license # 248/14 and is registered with local authorities throughout the EU, notably with France’s tough AMF and Italy’s strict CONSOB. It is built on the ever popular SpotOption platform but is not what I would call a “complete” SpotOption white label. I say this because there are several newer features available for this platform that are not present such as CFD’s, forex and iFollow copy trading. The lack of these features is not a deal breaker, just something to take note of. Other than that the platform is pretty darn good.

I like SpotOption because of three things; asset list, option types and expiry. The asset list is extensive and include indices, forex, commodities and stocks with over 100 to choose from. The types of options available to trade is also good, they have short, medium and long term binary as well as One Touch, Pairs and Ladders. Pairs are like forex except they pit the performance of two stocks, commodities or indices against each other rather than two currencies. Ladders are my favorite way to trade with SpotOption, they are over/under style binaries with pay outs much higher than typical above/below (Call/Put) style trading, up to 500% or more in some cases.

Expiry is where SpotOption really stands out from the crowd. 10Trade has ultra short 30, 60 and 90 second options as well as several intraday and long term expiry ranging out to 3 or 4 months depending on the asset. This means this broker is good for any kind of trader and strategy.

Banking With 10Trade

If your money isn’t safe with 10Trade it isn’t safe with any binary options broker. The two operative words here are REGULATED and SEGREGATED. This company is backed up by CySEC, the MiFID and 29 member nations which means they are held to a very high standard indeed, all client funds are held in segregated accounts and subject to strict third part oversight. The minimum deposit is only $200 making it an easy entry for new traders. Larger deposits will get extra features including larger bonuses, risk free trades, training and express withdrawals. Deposits can be made by wires, credit cards and WebMoney.

Withdrawals will be made to the original account. Credit card withdrawals are limited to the original amount transferred, excesses will be forwarded to bank or Webmoney accounts. The minimum withdrawal amount is $30 for credit cards, $100 for wires. Bonuses are available and may impact your ability to make withdrawals. Client deposits are always available for withdrawal but bonus amounts are subject to a 30-50X turnover, depending on bonus type. If a withdrawal of the original deposit is requested it will cancel the bonus and any profits generated with it.

Payments are processed by three of Europes top regulated processors. WireCard is EU regulated, Inatec Payment AC is a Swiss company and SafeCharge International Group LTD is a CySEC regulated firm.

Social Trading With 10Trade

10Trade doesn’t have iFollow copy trading but that doesn’t really matter. Copy trading like that could be good but it mostly sucks because there just aren’t enough real human traders on the networks, most of the traders are robots. What matters is that this broker is perfect for social traders! It is a well regulated and trusted broker, has plenty of assets and diverse expiry, making it a match for any style of trading, signals or trading groups.

This broker also has a demo trading capability built into the home page. Simply click on it to make practice trades. The only downside is that it won’t track your data from day to day, so no long term benefit but still useful for newbies. Other features include proprietary trading software, the Holiway Online Trading System. The system is meant to assist traders, not be a signal, but may qualify as a “conflict of interest”.

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