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10Trade Introduction

Owned and managed by Holiway Investments Limited, 10Trade.com was one of the first binary options to offer their clients a safe and secured trading environment. As a regulated broker, 10Trade.com is required to comply with certain regulatory requirements that are designed to protect the interest of traders.

10Trade Review

Company information

10Trade.com is an online binary options trading platform that belongs to a Cyprus Investment Firm (CIF) called Holiway Investments Ltd. Their head office is located at #30 Tempon Street, Engomi, 2408 Nicosia, Cyprus. It is regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license number 248/14. Under the operating requirements imposed by CySEC, 10Trade.com has to ensure that it maintains sufficient liquidity to meet the contractual obligations to its traders.

In addition, it also has to maintain segregated accounts for its traders’ funds. 10Trade.com is also required to regularly submit audited reports on its financial status to CySEC to ensure its compliance with all the regulations. Finally as a CySEC regulated broker, 10Trade.com is also obligated to be a participating member of the Investors Compensation Fund Scheme. Under this scheme, 10Trade.com’s clients can file for compensation up to a maximum amount of 20,000 euros in the event 10Trade.com becomes insolvent.

Trading Platform

As for 10Trade.com’s trading platform, the broker uses a white labelled trading platform powered by SpotOption trading engine. The platform is the second generation platform developed by SpotOption and is widely adopted by binary options brokers from all over the world.

10Trade Platform

With this well designed platform, you can trade the markets with 5 different types of option contracts, Classic binaries, Pairs, Long Term, 60 seconds, One Touch and Ladder.

These are the typical Call/Put options where traders are required to determine if the current price will end up higher or lower than expiry price.

With Pairs, the trader has to determine which of the two assets will perform better.

Long term options are basically Call/Put options with longer term expiry period. They can range from a few days to as long as a year.

With 60 seconds options, the trader has to determine the outcome of the price movements within 60 seconds.

For One touch options, the trader has to decide if the market price of the asset will touch the strike price before the expiration of the option contract.

Ladder options are a unique feature of the SpotOption powered trading platform. The options come will several strike prices which a trader can pick and choose to see which of the price level that the expiry price will hit.

Mobile

Apart from the web based platform, 10Trade.com also offers mobile trading apps which traders can download and install onto their smartphones or tablets. These mobile apps were developed specifically to optimize the smaller screens found on smartphones and tablets. Depending on the operating system of the mobile devices, the apps can be downloaded free from Google Play Store or Apple’s App Store.

Assets Available

In terms of trading assets, 10Trade has one of the widest selections around for a binary options broker. In total, there are 189 individual underlying assets for 10Trade’s clients to choose. They cover all the major asset classes such as currencies, commodities, market indices and equities. For currency pairs, there are 29 pairs to choose from. Available market indices and commodities totalled 37 indices and 9 different commodities. Equity forms the bulk of 10Trade’s asset index, totaling 114 different stocks. The following table shows the complete list of underlying assets that are available to trade with.

Currencies: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/RUB, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/MXN, USD/RUB, USD/TRY, USD/ZAR.

Commodities: COPPER, CORN, GOLD, OIL, PLATINUM, SILVER, SUGAR NO. 11, WHEAT.

Indices: ASX FUTURE, BOMBAY SE, CSI 300, DAX, DAX FUTURE, DOLLAR INDEX F., DOW, DUBAI, EURO STOXX 50, EURO STOXX 50 F, FTSE 100, FTSE FUTURE, FTSE MIB FUTURE, GERMANY 10YR BOND, HANG SENG, HANG SENG F. HSI, IBEX, IBEX FUTURE, KUWAIT, MICEX, NASDAQ, NASDAQ FUTURE, NGAS FUTURE, NIFTY FUTURE NIFTY, NIKKEI 225, NIKKEI FUTURE, S&P 500, S&P FUTURE, SHANGHAI COMPOSITE, SMI FUTURE, SSE180, TADAWUL, TNA-LONG X3, TSX 60, TZA-SHORT X3 CTG, U.S 10 YEAR NOTE, U.S 30 YEAR NOTE.

Stocks: 3M, ADIDAS, AIG, ALCOA, ALIBABA, ALLIANZ SE, AMAZON, ANZ BANK, APPLE, ASX, ATHENS, AXIS BANK, BAIDU, BANCO SANTANDER, BANK OF AMERICA, BARCLAYS, BASF AG, BAYER AG, BHP-AU, BLACKBERRY, BMW, BOEING, BOVESPA-F, BP, BRITISH AMERICAN TELECOM, CATERPILLAR, CHEUNG KONG, CITIGROUP, COCA COLA, COMMONWEALTH BANK, DAIMLER AG, DEUTSCHE BANK, DEUTSCHE TELEKOM, DISNEY, E.ON SE, EBAY, EXXON MOBIL, F5 NETWORKS, FACEBOOK, FAZ-SHORT BANKS, FREEPORT MCMORAN, GAZPROM, GENERAL ELECTRIC, GENERAL MOTORS, GOLDMAN SACHS, GOOGLE, GROUPON, H & M, HSBC HOLDINGS, HSBC-HK, HUTCHISON, IBM, ING GROUP, INTEL, JAKARTA SE, JOHNSON & JOHNSON, JP MORGAN CHASE, KING DIGITAL (CANDY CRUSH), KOSPI, LAS VEGAS SANDS, LINKEDIN, LLOYDS BANK, LUKOIL RS, MASTERCARD, MAZDA MOTOR, MCDONALD’S, METRO AG, MICRON, MICROSOFT, NETFLIX, NIKE, PETROBRAS, PFIZER, PING AN INSURANCE, PROCTER & GAMBLE, RIO TINTO, RIO-AU, ROSNEFT, RTS FUTURE, RUSSELL 2000, S.BANK INDIA, SALESFORCE.COM, SANDISK, SAP, SAUDI REFINERIES, SBERBANK, SEARS HOLDINGS, SIEMENS AG, SINA, SONY, STARBUCKS, SUMITOMO MITSUI, TATA MOTORS, TATA STEEL, TEL AVIV 25, TELEFONICA, TENCENT HOLDINGS, TESCO, TESLA MOTORS, TEVA.TA, TOPIX 100, TOSHIBA CORP, TOYOTA (US), TWITTER, UNICREDIT, VODAFONE, VOLKSWAGEN, VOLVO, WAL-MART, WEIBO, WESTPAC, WYNN RESORTS, YAHOO, YANDEX N.V.

In addition to the listed assets above, 10Trade has also provided a selection of 29 pairs of underlying assets that belongs to the same asset class which are traded with Pair options. These paired assets include the following:

AMAZON VS EBAY, AMAZON VS NETFLIX, APPLE VS AMAZON, APPLE VS GOOGLE, BARCLAYS VS LLOYDS BANK, BMW VS DAIMLER, CITIGROUP VS AIG, CITIGROUP VS JP MORGAN CHASE, DAX F VS FTSE F, FACEBOOK VS TWITTER, GOLD VS OIL, GOLD VS SILVER, GOOGLE VS BAIDU, GOOGLE VS FACEBOOK, LINKEDIN VS FACEBOOK, LINKEDIN VS TWITTER, MAZDA VS TOSHIBA, NASDAQ VS APPLE, NIKKEI 225 VS TOSHIBA, NIKKEI VS SUMITOMO MITSUI, RIO-AU VS BHP-AU, S&P 500 F VS NASDAQ F, SIEMENS VS E.ON, STOXX 50 F VS FTSE F, VOLKSWAGEN VS DAIMLER.

Trading Accounts, Bonuses & VIP Programs

Trading accounts at 10Trade are categorized into 5 types, “Welcome account”, “Bronze account”, “Silver account”, “Gold account” and “Platinum account”.

Welcome Account

Bronze Account

Silver Account

Gold Account

Platinum Account

Deposits and Withdrawals

10Trade Payments

For payment methods, 10Trade support deposits and withdrawals through credit cards, bank wire transfer and eWallets. The minimum deposit amount is usually $200 depending on the currency of the account as well as the account type. For withdrawals, the minimum withdrawal amount is $30 for credit cards and $100 for bank wire transfer. The average processing time for a withdrawal request is 3 business days. However, it should be noted that it can take up to 7 days for the entire withdrawal process to be completed.

Customer support

For the benefit of their non English speaking clients, 10Trade’s website is also translated in 7 different languages. These languages include French, Arabic, German, Dutch, Italian, Spanish and Russian. The support services are available through email, live chat and the telephone on a 24/7 basis. For telephone support, 10Trade has also provided more than 60 localized telephone support numbers to cater for their clients within the European Economic Area.

Extra features and resources

To help their traders improve on their trading knowledge, 10Trade also offers a list of tools which beginner traders can access. There are numerous articles as well as an eBook for reference. In addition, Trading Central also regularly host webinars which all traders can participate in. But one truly unique feature of 10Trade is their 10TradeRadio broadcast. The radio provides 10Trade’s traders with regular updates of the developments happening in the markets. In addition, there is also a detailed FAQ and Glossary which traders can use for quick reference.

Verdict

Overall, 10Trade is a solid binary options broker. The broker is able to meet all of their clients’ trading needs, regardless of their experience level. With the different choices of trading account and wide selection of trading assets, there is always something for everybody at 10Trade.

Pros

Cons

FAQ

Due to regulatory requirements, 10Trade has now withdrawn all their bonus offers.

Payment methods that are supported by 10Trade include all major credit cards, bank wire transfer and selected eWallets.

The minimum deposit requirement is $200 whereas the maximum deposit amount is unlimited for bank wire transfer and $20,000 for credit cards.

A withdrawal request normally takes 3 days to be processed. The entire withdrawal process however can take up to 7 business days.

Yes, 10Trade is a safe broker it is regulated by the Cyprus Securities Exchange Commission.

7 other languages besides from English are supported by 10Trade’s customer support. They include Arabic, French, German, Russian, Italian, Spanish and Dutch.


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