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10tradefx Review: is 10tradefx Legit Or Scam? Find Out In This Guide

10tradefx broker

10tradefx Review: 10tradefx Legit or scam? Find out today by reading our 10tradefx review.
10tradefx is an offshore venture with no dealing desk and no requotes. This is a forex broker founded in 2016 by group of traders. They assum to know best about finance and help clients to win the exchange rate in financial markets. 10tradeFX broker seems  to be a trade name of Holiway Global LTD (hereinafter the “Company”) which is Licensed and regulated by the Seychelles Financial Services Authority with license number SD040.

Sure we always see much brokers with good promises. Thus 10trade fx is not exceptional, therefore, we will take our time to review and scrutinize the platform. Each time we open an account with a broker we try the platform available.

However, trading with confidence matters a lot.  However for us the affiliates, if we fail to give our client the right information. You will need to explain more about how they lost their investment. 10tradefx in according to other broker reviewers is not legit but there are few things you should consider. Which is if they are actually regulated, they might not be scam. Don’t get twisted but follow our analysis in getting to say no or yes to them.

Account Types

10tradefx account types
10tradefx offer three account types which is demo account, silver, gold and platinum account. All these accounts come with unique features that worth it.

The Demo Account:  the demo account is a practice trading account. It’s designed to help you learn about brokers platform before investing. Therefore if you are a beginner or professional who to learn more about the broker can start with demo. However it’s even very important to practice with demo before trading.

10trade fx SILVER Account

This is a real account for trading in the financial markets. The base currency available are USD EUR GBP the Contract Size is 100,000. More-so the contract size on this account is 100,000 and leverage up to 1:500. The commission is zero and Maximum open/pending
orders per client is 100 position. However, the minimum trade volume 0.01 and Lot restriction per ticket is 100 lots, there’s a hedging allowed and minimum deposit of $200. Islamic account is optional for the clients.

10tradefx Gold Account

In this account the only different is minimum deposit. The base currency available are USD EUR GBP the Contract Size is 100,000. The contract size on this account is 100,000 and leverage up to 1:500. The commission is zero and Maximum open/pending
orders per client is 100 position. However, the minimum trade volume 0.01 and Lot restriction per ticket is 100 lots, there’s a hedging allowed and minimum deposit of $5,000. Islamic account is optional for the clients.

 

10tradefx Platinum Account

This is the  highest account for trading with10tradefx. The base currency available are USD EUR GBP the Contract Size is 100,000. The contract size on this account is 100,000 and leverage up to 1:500. The commission is zero and Maximum open/pending
orders per client is 200 position. However, the minimum trade volume 0.01 and Lot restriction per ticket is 100 lots, there’s a hedging allowed and minimum deposit of $200. Islamic account is optional for the clients.

10trade fx Platform

Platform
10tradefx offer clients mt4 trading platform with demo. However  this allows you to trade in the international market with MetaTrader software. MetaTrader 4, or more commonly referred to as MT4, is a trading platform from MetaQuotes. This platform not only delivers a well-known, constant, and reliable atmosphere which enables clients to trade easily.

10trade Fx MetaTrader Features

  • Capable of 1:400 leverage available (terms & conditions apply)
  • Multiterminal for money managers
  • Over 150 markets consisting of currencies, indices and vanilla options, commodities, and metals
  • Secure spreads for better price precision
  • Negative balance protection
  • Free warranted stops in the harshest markets
  • Expert Advisors, scalping, hedging

Deposit And Withdrawal Methods.

10tradefx funding methods
10tradefx broker offer multiple payment methods for easy access. However if you wish to use other payment methods that is not in the option, you can’t contact them for that. Therefore the payment and withdrawal methods are bank wire, neteller, skrill, nganluong and 4cash. The minimum deposit is $200 and minimum withdrawal is $100. More-so deposit on wire transfer take up to 3days and others are instant. No deposit fee, while withdrawal fee is 1% to 2% or determine by your bank on wire transfer.

Is 10tradefx legit or scam?

The broker 10tradefx is not legit, there are new scam that offer mt4 and mt5. They do it to enhance your trust on them. However they have control over your trades and make you lose money. Other reasons why we don’t trust the broker is because we have not been able to know the individual involved in that. They claim to offer the best service but customer support is not as fast as thought. Therefore we cannot recommend 10tradefx for our clients. Thus they are new and might fail. Just like euroforextrade 10tradefx is not worth trying at this stage.

10tradefx Regulation

Is 10tradefx regulated legit and reliable to trade with?. Of course they will always assume to have a regulatory compliance. In this case they said they are Licensed and regulated by the Seychelles Financial Services Authority with license number SD040. Well we tried to get full information, but there is non.

Customer Support

10tradefx offer customer support via phone, livechat and email. This customer service is available on Monday to Friday. Therefore if you ever need to know more about the broker, get in touch during this time frame.
CT House, Office No. 9D, Providence, Mahe, Seychelles. You can email them at: [email protected] For Technical Support contact them via.Tel : +44 7501708247.

10tradefx Review Conclusion

Finally we will conclude our 10tradefx review by telling you to avoid them. The platform have a pending verification from us. If you you wish to confirm that this platform is not legit, you can try it with 100$. But only kow that they are not looking for your $100 however they will pay you to get more from you. If you invest big they will run away. Please be wise and trade with brokers you can trust.

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