10Trade Review: The number of Binary Options brokers are growing rapidly, and there are hundreds of brokers present in the market. With the growing number of Binary Options brokers, the number of SCAM and frauds are also increasing by leaps and bounds. So, before you make your mind to trade with any broker, you should first know whether they are genuine or SCAM.
10Trade Review – Is 10trade.com Really Profitable?
Today in this in-depth review, you are going know about one of the trending binary options broker named “10Trade” and also going to learn whether it is a SCAM or Legit. I hope you won’t mind reading this review till the end.
About 10Trade Broker and Features:
10Trade is a typical binary options website based in Cyprus and owned by Holiway Investments Inc. This is a reliable company which consists experienced and professional traders as well industry specialists. 10Trade is a CySEC- regulated broker and the license number is #248/14.
10Trade has a SpotOption platform based trading interface. The number of trading coverage is large; you trade in 150+ assets which include 80+ stocks. The percentage of payouts are also high; you can get up to 85% for each trade and 10% on losing trades.
Features of 10Trade:
Now let’s have a look what are the features 10Trade offers to their users:
- The minimum amount to open an account or minimum deposit amount is $200.
- You can get the maximum bonus of $10,000.
- You can a maximum return up to 81%.
- The minimum investment is $10
- The maximum amount for investment is $5000.
These are the basic features of 10Trade, but there are some more important features which this software offers to the customers. The most important feature of this platform is the that, they are a regulated broker. You might know what is the advantage of the regulated broker, if not then let me tell you that, this is one of the most important preconditions which makes the trading job safer for the user in binary options. This feature ensures that you will stay safe even if the broker get terminated for any reason.
Apart from that, their strong consumer protection policy ensures full safety of their user’s accounts as well their money. To get started with 10Trade, you need to deposit $200 for which you can use your Credit card or debit card, CashU, PayU, Mister Cash, Giropay, TrustPay, Wire Transfer and other major payment methods. In the case of withdrawal, there is no minimum amount for that. You are eligible to get from 5% to 60% bonus on deposits but for that, you have to deposit at least $1000.
In the case of withdrawal, you will get the funds transferred to your account within 5-7 days.
10Trade makers have recently launched the app version which is available for both Android and iOS, which makes your binary options trading much easier on the go. And in coming weeks they are going to update their system with more features.
Some Special Features:
If you are one of those who love to watch videos and learn new strategies to get more success in trading, then 10Trade has a great education center where you will get amazing and useful videos about trading. It does not matter whether you are a beginner or expert, you will get videos which are suitable for every type of traders. Watch, learn and implement!
Not only videos but after the free registration, you will be offered to have one on one training session and learn about what is trending in the market and review of them. You will also get free ebooks reading which you can get good knowledge. They are available in 10 different languages.
If you are the owner of the upper-tier account, then you are eligible to get a special VIP access to more advanced resources.
Another great feature which 10Trader offers is, you don’t have to deposit money and start trading from the very first time. You can try for free using the demo account, and there you can do trading with free credits. This demo feature makes you familiar with the user interface of the program and understands all the functions easily.
When you understand everything and feel you can do trading with real money, then you can then deposit real money and start trading.
You cannot find the demo account feature in the interface, but you have to contact the account manager and tell him to provide you a demo account. The account manager will set up everything for you, and you can start trading from that free account.
Different types of options:
There is not one but many types trading option you can choose from which are- High/Low, Long term, 60 Seconds, One Touch, Pairs, and Ladder takes.
If you have any queries and need any support, then 10Trader offers a 24×7 customer support with which you can contact by Live Chat, Email or the telephone number, as per your wish. The support is available in 30 nations around the world. Usually take very less time to respond your queries and in return you will get information which is reliable and important.
Let’s have a look at the Pros and Con’s of 10Trade:
- CySEC regulated platform which ensures customers safety.
- Different account options to choose from.
- Very simple and easy to use interface for both new users and experts traders.
- Availability of demo account makes you comfortable with the functions before investing your real money.
- Excellent support system which ensures full support to the users 24 x 7.
- Free registration, no hidden costs.
- Available in the mobile platform and both Android and iOS.
- If you are a citizen of USA, Australia, New Zealand, Japan, Japan, Israel, Canada o South Africa then sorry to say you can not use this system.
- It takes 5 to 7 days to withdraw money, and only some specific accounts get same day express withdrawals.
Conclusion: Scam or Legit?
10Trade is not a scam. It is regulated by CySEC which ensures consumer safety, and you will get your money no matter if the broker gets penalized. With the growing popularity, they have launched the mobile apps for more flexibility and on the go service. You can invest in a variety of assets which includes currencies, indices, commodities or stocks whatever you wish. You are getting a great customer support and demo account too.
So, we can say that 10Trade is not a scam but recommended Binary Options broker which you can trust and do your trading works. Thank you for reading this review till the end. I hope you have learned many things from here and going get success in trading. Good Luck.