Are you looking for a regulated binary options broker with outstanding features? 10Trade is a standout website operated by a company called Holiway Investments, Ltd. 10Trade’s headquarters are located in Nicosia, Cyprus, and they are one of the very few brokers regulated by CySEC, operating under license #248/14. Unfortunately, they do not accept USA traders (this is common with CySEC regulated brokers), but they do take binary options traders from around the globe. So if you are located outside the USA, they are well worth considering. Why? Read on to find out.
- Official Website: https://www.10trade.com/
- Regulated by CySEC, license no. 248/14
- Account currencies: USD, EUR, GBP, RUB, AUD, CAD, SEK
- Low minimum deposit: $200
- Minimum trade size: $10
- Maximum trade size: $1,500
- Average payout: 81%
- Out-of-money refund: 0-10%
- 237 assets available to trade
- Platform: SpotOption
- USA traders not allowed (see USA ok list here)
10Trade Account Creation
To create an account on 10Trade, you only need to take a few quick steps. It is really easy, and you can get started trading in just minutes. Look at the dark blue menu underneath the logo in the upper left-hand corner of the screen, and you will see “Home,” and next to it, “Open Account.”
Click on “Open Account,” and you will be taken to a page where you can fill in your name, email address, password, country, phone number, and currency. You have the option of trading with USD, EUR, GBP, RUB, AUD, CAD, or SEK, which is a nice, flexible selection of currencies. Check the box stating you are over 18, enter the code, and you can proceed. Once you are registered, you can fund your account.
Step 2: Funding Your Account
You can start trading on 10Trade with as little as $200. This is quite typical for binary options sites, but the withdrawal terms particularly impressed us, and are worth a closer look. Literally dozens of deposit methods are available, a huge range of choices. There is no minimum withdrawal threshold mentioned anywhere on the site, which means you can withdraw the money you have deposited at any time, even if you only want to pull out a small amount. What about fees? There are $30 fees for wire transfers (again typical), but you actually get one for free every month. This is a generosity that not every binary options site offers!
In terms of account tiers, you have a few different options: Bronze, Silver, Gold, and Platinum. The lowest tier listed here, Bronze, starts out at $1,000, and comes with a 5% bonus. Larger bonuses are available at the upper levels. If you have a Platinum account, you can get a 60% deposit match bonus on $10,000 or more. And if you have a lot to deposit ($50,000 or more), you can open a Presidential account, which includes extra features that are not available at the lower levels, plus a ton of customizability. While the educational materials on the site itself are pretty basic, you can get VIP access to the education center at the upper tiers, and work one-on-one with trainers to learn trading techniques.
Trading Binary Options on the 10Trade Trading Platform
One of the best things about 10Trade is the fact that this company offers a demo account! This is not promoted on the site, but it turns out that it is a hidden benefit. All you need to do to get access is register an account and talk to an account manager. You do not even need to make a deposit! You will work directly with your account manager on this. There are no limitations outside of what you decide on together. With your demo account, you can practice your trading strategies and get used to using the binary options platform without putting your hard-earned cash on the line. This is actually a necessary step in learning how to trade, but a lot of traders do not take it, because most brokers fail to offer it.
Once you are ready to trade, you deposit real money and start trading live. You can trade on your desktop or laptop, or, if you look on the bottom of the page, you can download apps for your smartphone or tablet. More than 230 assets are available to trade, which is just an enormous selection! Trade as little as $10 or trade up to $1,500 on a single option.
Types of Trades Offered by 10Trade:
This is the most basic type of binary options trade. Choose “High” if you think price will trade above its current level at the expiry time, and “Low” if you think it will trade below. If you are right, you get a payout.
Pretty sure Stock A will be outperforming Stock B at the expiry time? Put your money down on it and see what happens. If you are right, you win, even if both stocks are falling.
This is a High/Low trade with a longer expiry period, typically weeks or months.
This is a High/Low trade with an expiry time of one minute.
With this type of trade, you wager that price will reach a particular level by the time your investment expires. If you are right, you win!
Rack up partial profits as price climbs or falls down a series of “ladder rungs.” If you do well with a ladder trade, you could win back your investment many times over!
Is 10Trade a Good Broker? (yes)
10Trade has a couple of minor drawbacks. One is that there are a few information holes on the site, but that is why we collected the info for you.
The other is that customer service is hit or miss depending on what you need help on. With some questions, they are not very helpful, while with others they are great.
They are regulated by CySEC, which means there is a built in level of trust that your money is safe (as safe as any EU regulated entity). They have more than 230 assets to trade, several different trade types, flexible trade sizes and expiry times, great withdrawal terms, and more deposit methods than we have ever seen.
You won’t go broke dealing with thresholds and fees, and we are confident you will have a great experience trading with 10Trade.
- CySEC Regulation
- $10 Min Trades
- $200 min deposit
- Positive reputation in industry
- Largest asset list to trade we have seen.
- Wide range of expiry times
- trader friendly withdrawal terms
- Bonus of 5% at $1000 deposit up to 60% for larger deposit amounts