Score
10TradeFX
Cyprus|5-10 years| https://10tradefx.eu
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Licenses
Single Core
1G
40G
Contact number
+357 22 277788
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Broker Information
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Holiway Investments Ltd.
10TradeFX
Cyprus
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The CyprusCYSEC regulation (license number: 248/14) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:30 |
| Minimum Deposit | Minimum Deposit 200 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.1 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:30 |
| Minimum Deposit | Minimum Deposit 1,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.1 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:30 |
| Minimum Deposit | Minimum Deposit 5,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.1 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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10TradeFX · Company Summary
General Information & Regulation
Launched in 2014, 10TradeFx is a brand owned and operated by Holiway Investments Ltd, a fully regulated Investment Firm by the Cyprus Securities and Exchange Commission with license number 248/14. 10TradeFx mainly offers Investment Services, foreign exchange services and Ancilary services. Clients of 10tradeFX are able to trade in forex and a series of CFD products via the three account types on the MetaTrader 4 platform.
Market Instruments
Tradable financial instruments available on 10TradeFX platform are currency pairs, spot metals, shares, cryptocurrencies, indices and commodities.
Minimum Deposit
There are three account types which are Silver, Gold, and Platinum. The silver account is the starter account and it requires a minimum deposit of 200 USD. Minimum trade size for this account type is 0.1 lot. The Gold accounts requires a deposit of 1000 USD as a start, and the minimum deposit for the Platinum account is even much higher, up to 5,000 USD. The Swap-free account for all three account is optional.
10tradeFX Leverage
In line with ESMAs guidelines, the maximum leverage provided to retail clients with 10tradeFX is 1:30. The use of high leverage ratios may just as easily easily result in serious loss. That is why it is capped in many jurisdictions.
Spreads & Commissions
Spreads in the silver account are starting from 3.2 pips on EUR/USD which higher than the industry average. Most brokers offer spreads in the range of 1.0 – 1.5 pips for EUR/USD pair, so 10tradeFXs trading costs are way too high.
Trading Platform
10TradeFX offers its clients to trade with the most popular platform MT4. The MetaTrader 4 platform is a benefit for whether it be investors involved in auto trading, managers working with MT4 multifunctional, or individuals who choose to use an assortment of progressive technical analysis charts.
Deposit & Withdrawal
Traders can fund their trading account via various payment methods such as wire transfer, Neteller, Skrill, Naganluong, 4Cash. Minimum withdrawal is 100 USD, there are no fees for deposit but there are for withdrawal. Withdrawal time takes up to 24 hours from request.
Customer Support
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. The 10Trade website comes in English, Arabic, Germany, French, Russian and Spanish
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