|10trade is one of the newer binary options brokers with a great trading platform and low minimum deposit.
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10Trade is a binary options broker that has been in operation since the year 2014. It is a broker that has recently been getting a ton of positive feedback from traders. This is probably why it has warranted a closer, more in-depth look into the platform and features offered here.
It is one of the most regulated brokers in the market, meaning that it follows some very strict rules about its financial policies. What this means is that it can’t be used by traders in certain countries including the USA, Oceania, Israel and South Africa.
However, a lot more traders all over the world have the freedom to use the broker as they please. So is it really worth spending money to deposit and create an account here? We find out in this review.
10Trade Account Types
To start off, there are 6 types of accounts to choose from at this broker. This is a lot more than normal. Each of these accounts is arranged by how much money is deposited into the account when creating it. The minimum deposit amount is $200. It opens a Welcome Account, which is the most basic form of account at 10Trade. There is a 20% welcome bonus at this level, along with a detailed guide for the platform. Traders also gain access to market reviews every day and an eBook on trading strategies.
The Bronze Account is the next level. It requires a $1000 deposit to be made initially. Traders are granted a 30% welcome bonus when making their deposit. Access is given to a platform guide for learning the interface, along with market reviews every day and the eBook. There is also access to an introduction to market analysis class, as well as a Master Class in any 1 trading strategy.
For $2500 minimum initial deposit, the Silver Account is opened. This one has a 40% bonus for newcomers, along with access to all of the same features as the Bronze account. It also allows traders to enter a Master Class for 2 different trading strategies. At $5000, a Gold account is opened. This account type allows for a 50% deposit bonus to traders along with 3 trading strategy classes and weekly market recommendations.
The last type of account at 10Trade is the Platinum Account. Requiring a $10000 deposit, this account also has a 50% bonus for newcomers. It also grants access to 5 trading strategies, daily market recommendations, express withdrawal options, special training in money management and a free tablet PC if needed.
Security and Licensing
The entire platform is protected by 128bit SSL encryption, which is one of the strongest available in this day and age. In addition to this, the whole site is HTTPS tagged to show security. This broker is located in the country of Cyprus. It is fully licensed and regulated by the CySEC, or the Cyprus Securities and Exchange Commission. This makes it one of the most strictly regulated brokers out there, which explains the lack of support for traders in the US.
Trading Platform Review
The trading software that is used by 10trade is one of the coolest on the market. It is made to be easy to use and smooth. There is little to no data latency, extremely quick execution of trade orders, and a colorful platform and interface that don’t bore the trader into quitting. All the information that is necessary is presented in a very nice manner to the user as well. News from sources like Reuters flash across the screen at intervals.
Trades are also very diverse, with options such as 60second and 30second trades, Ladder and Long Term options, One Touch and Pairs available to traders. Assets include over 100 in total including commodities, pairs, indices and stocks available for trading.
Deposits and withdrawals can be made quite easily with this broker. Payment methods include Skrill, eWallet, Neteller, Bitcoin and more. Debit and Credit Cards from major providers are also an accepted means. The process is highly secure and very reliable indeed.
The minimum deposit on 10Trade is $200. The maximum payout is 81%.
Overall, 10trade is a marvelous broker to work with. It takes the best qualities of the best brokers out there and combines them all into one. This makes it one of our absolute favorites!