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7,0%
Top 10
5,0%
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1,0%
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0,5%
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0,2%
Top 100+
0,05%
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TenTrade Review 2024
Minimum
deposit:
deposit:
- $25
Trading platform:
- MT5
Regulation:
- FSA Seychelles
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- $25
Trading platform:
- MT5
Regulation:
- FSA Seychelles
Bonus for deposit:
- 0%
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Summary of TenTrade Trading Company
TenTrade is a high-risk broker with the TU Overall Score of 2.88 out of 10.
Forex and CFD broker TenTrade (former brand 10TradeFX) possesses a range of constructive advantages over its competitors. The company offers a diverse assets pool, narrow spreads, and below-average commissions. The copy trading service is implemented at a high-quality level. The opportunity to provide capital for trading is also a conceptual advantage that attracts more clients. The indisputably strong broker’s aspect is its Ten Academy with up-to-date and useful materials. Unfortunately, traders can only work through the MT5 trading platform, there are regional restrictions, and the most efficient way to contact client support is through live chat in the absence of a call center.
In addition to a free demo, a trader can open one of three real account types — Pro, ECN, or Bonus. The accounts differ in spreads and commissions. Spreads start from 0 pips, and the trading fee is either absent or amounts to $3.5 per full lot. This broker provides access to the following markets: currency pairs, NFTs, CFDs on indices, stocks, commodities, and cryptocurrencies. The leverage ranges from 1:1 to 1:500, with no trading restrictions; and scalping, hedging, news trading, and the usage of advisors are all allowed. The company offers a proprietary copy trading service for passive user earnings. TenTrade also provides traders with its prop capital for trading after they pass the evaluation. There are five tariffs with a one-time fixed fee starting from $300, and the company provides up to $500,000. A unique service is the Ten Academy, which includes dozens of tools for technical and fundamental analyses and plenty of educational materials. The platform regularly hosts lectures and seminars, and there is a personal coach service available.
| 💰 Account currency: | USD, EUR, GBP |
|---|---|
| 🚀 Minimum deposit: | $25 |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | Floating from 0 pips |
| 🔧 Instruments: | Currency pairs, NFTs, CFDs on indices, stocks, energies, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/50% |
👍 Advantages of trading with TenTrade:
- There is a free demo account, and the minimum deposit for a real account is only $25.
- Three account types with different trading conditions allow traders to work at their own pace with complete freedom of action.
- Hundreds of trading instruments combined with moderate leverage provide high-profit potential.
- The social trading service enables traders of any level to earn through investing.
- The prop-trading feature allows experienced players to start trading with larger capital and minimal investment.
- The Ten Academy includes a significant volume of helpful information and analytical tools, making trading more accessible.
- Traders work through the MT5 trading platform, including web, desktop, and mobile versions of the software.
👎 Disadvantages of TenTrade:
- Traders do not have access to other trading platforms besides MetaTrader 5.
- There are some regional restrictions, and residents of certain countries cannot become this broker’s clients.
- Client support operates 24/5 and lacks a call center.
Evaluation of the most influential parameters of TenTrade
Trade with this broker, if:
- You seek diverse trading opportunities with a broker that offers Forex, CFD, and stock trading, supporting leverage up to 1:500.
- You are looking for a broker which enables automatic replication of successful traders' strategies for learning and potential profit enhancement.
Do not trade with this broker, if:
- Having a fully regulated broker is a priority for you. TenTrade's Seychelles FSA license may be considered less stringent compared to some other regulatory bodies.
- You prefer access to trading platforms beyond MetaTrader 5, as this broker may not meet your platform diversity preferences.
Geographic Distribution of TenTrade Traders
Popularity in
47.2%
MY
40.8%
NG
3%
Others
User Satisfaction i
2 comments
Total score:
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Induwara
9 weeks ago
Poorni4
9 weeks ago
Expert Review of TenTrade
The trading brand TenTrade (former brand 10TradeFX) is owned by Evalanch Ltd. This broker is registered and regulated in Seychelles. The registration and regulation have been verified, and no unresolved conflicts with users or failures to fulfill obligations to clients have been recorded.
The platform's trading conditions are significantly more advantageous than those of most competitors, although they may not be immediately noticeable. For example, there is a free demo account, three real accounts to choose from, leverage up to 1:500, and minimal spreads ranging from 0 to 1.8 pips, all of which are fairly standard indicators. However, the ECN account charges a commission of only $3.5 per lot, which is on average half of what other brokers charge. And on the other account types, there is no commission at all. The platform offers hundreds of assets from different groups, allowing for successful risk diversification and increasing profit potential, especially in the absence of trading restrictions.
The Ten Academy is one of the best programs in its segment. It also includes tools for technical and fundamental analyses, such as charts, newsfeeds with filters, and calculators. Additionally, there are plenty of educational materials, including articles, seminars, video guides, and podcasts. Finally, personal coaching is available for a fee. It can be extremely useful for novice traders.
While the proprietary copy trading service may not appear unique, prop trading deserves special attention. Traders can pay a one-time fee starting from $300, pass a challenge, and gain full control over an account with a balance ranging from $10,000 to $500,000. The profit-sharing ratio of 70/30 is standard for companies with proprietary trading.
As for TenTrade's drawbacks, TU has not identified any critical deficiencies. Undoubtedly, not all traders prefer MT5, but this trading platform is convenient and functional. The lack of a call center is a relative drawback since there is an efficient live chat and other communication methods available. Finally, all brokers without exception suffer regional restrictions.
Dynamics of TenTrade’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Providing investment opportunities is not the primary focus of this broker but serves as an interesting advantage. While most traders come here to trade independently, many cannot pass up the opportunity for additional income, especially passive income, through the copy trading service. TenTrade stands out from most of its competitors in that it does not use a ready-made solution. The company has its proprietary platform for copy trading with enhanced features, including analytics.
Copy trading
A trader can register as a signal provider or an investor. Signal providers trade as usual, but the difference is that their trades are broadcasted to interested investors, and the win rate and other performance indicators are visible to all service users. Also, investors choose providers from the top rankings and connect to them. Once connected to a provider, an investor automatically duplicates their trades. Investors can set certain restrictions, such as on the trade size. For example, if a provider places a $1,000 trade, the investor is at liberty to limit his bid to $100. Otherwise, the trade is duplicated in all parameters. If it is successful, all bidders earn profits based on their proportional trades; and the manager additionally charges a small commission for his services. If the trade is unsuccessful, everyone, including the provider, loses their trade. Investors thus earn passive income with reduced risk for themselves while gaining a unique experience by observing professional market participants.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Trading Conditions for TenTrade Users
Usually, if a broker offers multiple real accounts, the minimum deposit for each account differs. In the case of TenTrade, it is the same. Consequently, to open a Pro account, at least $25 is required, while ECN and Bonus accounts require a minimum of $100. The trading leverage does not depend on the account type. The leverage is determined solely by the asset and the trader's choice. You can trade with leverage of 1:500, 1:200, or even without leverage (1:1). Technical support is available 24/7 via live chat, email, and tickets. Managers do not work on weekends.
$25
Minimum
deposit
1:500
Leverage
24/5
Support
| 💻 Trading platform: | MT5 |
|---|---|
| 📊 Accounts: | Demo, Pro, ECN, Bonus |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Replenishment / Withdrawal: | Bank transfer, Visa, Mastercard, wire, Neteller, and Skrill |
| 🚀 Minimum deposit: | $25 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | Floating from 0 pips |
| 🔧 Instruments: | Currency pairs, NFTs, CFDs on indices, stocks, energies, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Free demo account, three real accounts, tight spreads and low commissions, moderate leverage, many tools for market analysis and training materials, standard copy trading service, possibility to provide funds to traders after they successfully pass the test, and only one trading platform. |
| 🎁 Contests and bonuses: | Yes |
Comparison of TenTrade with other Brokers
| TenTrade | RoboForex | Pocket Option | Exness | Vantage Markets | XM Group | |
| Trading platform |
MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, WebTrader, Mobile Apps | MT4, MT5, MobileTrading, XM App |
| Min deposit | $25 | $10 | $5 | $10 | $50 | $5 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0.6 points |
| Level of margin call / stop out |
100% / 50% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | Yes |
Broker comparison table of trading instruments
| TenTrade | RoboForex | Pocket Option | Exness | Vantage Markets | XM Group | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | No | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | No | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | Yes | Yes | Yes |
| ETF | No | Yes | No | No | No | No |
| Options | No | No | No | No | No | No |
TenTrade Commissions & Fees
Information
Most brokers have a similar commission policy, whereby they charge their clients spreads and trading fees. These are the two main costs for any trader, and they want to know the size of these costs first and foremost. TenTrade offers three real accounts, and the conditions on each account differ. On the Pro account, spreads start from 1.2 pips with no commission. On the ECN account, spreads start from 0 pips with a commission of $3.5 per lot. On the Bonus account, spreads start from 1.8 pips with no commission. The standard conditions for brokerage platforms are that if the spreads are lower, the commission is higher. It is important to note that the minimum spread within the range of 0-1.8 pips is in line with the values of most other platforms, while the $3.5 commission per lot is approximately half the amount charged by major competitors. Of course, there are platforms with even lower spreads and commissions, but such brokers are few, and they have their nuisances.
| Account type | Spread (minimum value) | Withdrawal commission |
| Pro | Floating spread, from 12$, no commission | No |
| ECN | Floating spread, from 0 pips; the commission is 3.5 dollars per lot | No |
| Bonus | Floating spread, from 18$, no commission | No |
As a rule, traders try to compare platforms with each other because only in this case can they get an objective idea of which one is more advantageous with which to work. Of course, the commission policy is not the only aspect of a broker's activities that needs to be considered. However, it is important because the trader's costs and ultimately their earnings depend directly on it. Therefore, TU presents the below table that shows the average trading fee values for TenTrade and the two closest competitors of this broker.
| Broker | Average commission | Level |
| TenTrade | $11.1 | High |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | Medium |
Detailed review of TenTrade
This company has been operating for many years, focusing solely on brokerage activities. It implements modern solutions and uses an advanced technological stack, from virtual VPS servers to SSL cryptographic protocols, which ensures a secure internet connection. This broker collaborates with first-tier liquidity providers, which is reflected not only in relatively low spreads but also in order execution speeds measured in milliseconds. The company independently maintains its infrastructure components, including its proprietary copy trading service. The conceptual advantage is provided by the Ten Academy, which offers education in various formats.
TenTrade by the numbers:
The minimum deposit is $25.
The minimum spread on its ECN account is 0 pips.
The commission fee is $3.5.
The maximum leverage is1:500.
Prop funding is up to $500,000.
TenTrade is a convenient Forex, NFT, and CFD broker
The working convenience with the platform is determined primarily by the user-friendly interface and the transparent trading conditions. In addition, trading is conducted through the MetaTrader 5 platform, which is one of the most popular solutions due to its ease of use, high functionality, and extensive customization options. With dozens of currency pairs, NFTs, and hundreds of CFDs from various groups, there is enough variety to successfully diversify the risks of one’s investment portfolio. Furthermore, the abundance of trading instruments expands the strategic opportunities for traders, while the 1:500 leverage increases profit potential.
TenTrade’s analytical services:
Copy trading. The proprietary copy trading service allows traders to register as signal providers or investors. Signal providers trade as usual, and their trades are transmitted to interested users, earning them commissions. Investors generate passive income with reduced risk and gain valuable experience.
Ten Academy. This broker's educational programs are highly valuable, with materials presented in various formats, including text, video, and lectures. Personal coaching is also available for a fee. The service provides dozens of tools for fundamental and technical analyses, as well as calculators, asset charts, and newsfeeds.
Prop trading. This broker funds traders who can pass the challenge. Users make a one-time contribution (starting from $300) and receive a trading account with funding ranging from $10,000 to $500,000. The profit distribution ratio of 70/30 is standard in the industry, and there are no trading restrictions.
Advantages:
1
Traders with limited experience have a low entry barrier, thanks to the free demo account and a minimum deposit of only $25 for a real account. They also have immediate access to educational resources.
2
All market participants can rely on an impressive pool of assets, moderate leverage, and the versatility of the MetaTrader 5 trading platform, which offers many customization options.
3
The Ten Academy is beneficial for all users, providing a wide range of diverse tools, including filtered newsfeeds, asset and trend charts, and specialized calculators.
4
If a trader has sufficient skill and wants to trade with substantial capital, the company is ready to provide funding up to $500,000 through proprietary trading arrangements.
5
The copy trading service serves as an additional source of income. It is implemented at a high technical level, with a user-friendly interface.
Guide on how traders can start earning profits
If a broker offers multiple real accounts that differ significantly, it is worth carefully studying their conditions. However, with TenTrade, it's simpler, because the real accounts have mostly the same trading conditions, with differences in spreads and trading commissions only. In this regard, traders rely more on personal preferences. There are no questions about the trading platform either, as this broker's clients can only work with MetaTrader 5.
However, it is worth noting that the platform has three versions – web, desktop, and mobile. If a trader has never worked with a smartphone, it may be worth trying it, as it is the most convenient option for many. Regarding the account currency, there are usually no questions as traders choose between USD, EUR, or GBP, based on their everyday currency usage. Lastly, clients can select leverage size ranging from 1:1 to 1:500. As leverage increases, profit potential grows, but so does the risk.
Account types:
Account Type
Description
Pro
The minimum deposit is $25, floating spreads start from 1.2 pips, with no commission. Traders can trade with leverage up to 1:500, and all broker pool assets are available.
ECN
The minimum deposit is $100, floating spreads start from 0 pips, and $3.5 commission per standard lot. Account currency options include USD, EUR, or GBP.
Bonus
The minimum deposit is $100, floating spreads start from 1.8 pips, with no commission. A copy trading service, Ten Academy, and other features are available.
Usually, if a trader has not worked with a platform before, they first open a demo account. On the demo account, they can trade with virtual funds without financial risk. This is an excellent opportunity to explore the platform's features and refine trading strategies. Then, the user transitions to a real account, making a choice based on individual preferences. Upon request, any account type can be converted to swap-free (Islamic).
Investment Education Online
Information
For a trader to succeed, it is not enough to practice constantly. Theoretical preparation is needed, which includes electronic books, lectures, webinars by experts, video guides, and various educational formats. Some brokers even offer comprehensive educational programs in their physical offices. TenTrade does not have such programs, but they have an online academy called Ten Academy. The academy offers interactive learning with tips and life hacks. It provides newsfeeds with filters and expert comments. The academy includes video guides and written materials for traders of all levels. Traders can also take advantage of the services of a professional coach, an experienced market participant who will accompany their trades and provide commentary on their decisions. Only a few brokerage platforms can boast such a variety and depth of educational resources.
Information contained on the TenTrade website
What is not on the TenTrade website
Interactive learning on various aspects of trading
Coaching is particularly useful, but it is a paid service.
Fundamental and technical analyses (information in the form of articles, videos, webinars)
Lectures on trading psychology and money management
While most brokers focus their education primarily on beginners, TenTrade implements a different approach by offering educational resources for users with different levels of experience. For example, experts conduct lectures covering both the basics of trading and advanced topics that cater to professionals.
Security (Protection for Investors)
Information
This broker is a financial organization that must be officially registered; otherwise, it would be considered a scam. Additionally, it needs regulation for traders to have confidence in the transparency of its operations and adherence to the stated conditions of cooperation. TenTrade is registered in Seychelles and has local regulations — FSA, with license SD082 confirmed. Therefore, potential traders are reliably protected. There have been no confirmed cases of this broker failing to fulfill its obligations.
👍 Where can you go for help
- To the TenTrade broker’s client support
- To the regulator FSA (Seychelles Financial Services Authority)
👎 There is no point in contacting
- Financial control authorities operating outside Seychelles
- International regulators that do not monitor this broker's activities.
Withdrawal Options and Fees
If a trader is trading on a demo account, they are using virtual currency and therefore cannot receive or withdraw real profits.
On real accounts, clients of this broker engage in full-fledged trading and, if successful, have the opportunity to earn profits.
Withdrawals are made through the same channels as deposits, namely bank transfers, Visa and Mastercard, wire, Neteller, and Skrill.
A withdrawal request is generated in the user account, and all conditions (commissions, limitations,etc.) can be found in the corresponding section or through client support.
The withdrawal process takes no longer than three days.
Customer Support
Information
Client support is essential for any broker, as traders often encounter situations where they need assistance. Support needs to be prompt and competent. Otherwise, clients may become disappointed and switch to a competitor, especially if unresolved issues lead to financial losses that occur repeatedly. That's why brokers, for the most part, carefully monitor the performance of their support teams and strive to maintain a high level of service. At TenTrade, client service operates 24/5, meaning it is available around the clock but only on weekdays. Communication channels include email, live chat, and tickets. Clients have no complaints regarding the competence and responsiveness of this broker's support team.
👍 Pros
- There are various ways to contact client support.
- Specialists are available not only during the day but also at night.
- You don't need to be a client of this broker to seek assistance.
👎 Cons
- The company does not have a call center.
- Client support is unavailable on weekends.
Whether you are already working with this broker or are considering starting a partnership, reach out to support with your relevant questions. Current communication channels include:
Email.
Live chat on the website and in the user account.
Tickets are on this broker’s website.
TenTrade has profiles on social media platforms such as Facebook, LinkedIn, Instagram, Twitter, and YouTube. You can also contact the managers through those channels. It's worth subscribing to this broker's accounts to stay updated on their news.
Contacts
| Foundation date | 2021 |
| Registration address | 23 Raith Avenue, Southgate, London N14 7DU, England |
| Regulation |
FSA Seychelles Licence number: SD082 |
| Official site | https://tentrade.com/en/ |
| Contacts |
Email:
support@tentrade.com,
|
Review of the Personal Cabinet of TenTrade
To start a partnership with this broker, you need to register, undergo verification, open a real account, make a deposit, and download the trading platform. The experts at TU have prepared a guide that describes the entire process step by step and presents the features of the user account.
1
Go to this broker's official website. In the top menu, select your preferred language interface. Click on "Register" or "Trade Now".
2
Indicate whether you are an individual or a corporate client. Choose your salutation. Provide your date of birth and country of residence. Enter your email address and phone number, as well as any available promo code. Agree to the terms of service by checking the box. Click on "Continue".
3
You have entered the user account, and now it's time to undergo verification. Follow the instructions on the screen. Provide scans/photos of documents that verify your identity.
4
Go to the "Accounts" section. Click on "Open a Real Account." Specify the account type, leverage, and currency. Click on "Continue”.
5
Go to the "Funds" section. Click on "Deposit." Choose the deposit method and follow the instructions on the screen.
6
Go to the "Downloads" section. Choose the version of the MetaTrader 5 trading platform that you need. Download and install the software. Log in to the platform using the registration details you received when opening the real account. Start trading.
Your TenTrade user account also provides:
-
In the "Accounts" section, traders can open and close real and demo accounts.
-
The "Funds" section handles depositing, withdrawing, and internal transfers, as well as provides transaction histories.
-
In the "Profile" section, traders can enter or update personal information and communicate with support.
-
The "TenTrade Academy" block offers educational courses and analytical tools. The "Downloads" block contains the latest MetaTrader 5 trading platform distributions.
-
The "Economic calendar" section provides an analytical tool.
-
Through the "WebTrader 5" section, users can access the web version of the MT5 platform.
-
The "Funded Trader" section allows participation in the corresponding program.
-
The "CopyTrading" section enables becoming a signal provider or investor and accessing the copy trade service.
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FAQs
Do reviews by traders influence the TenTrade rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about TenTrade you need to go to the broker's profile.
How to leave a review about TenTrade on the Traders Union website?
To leave a review about TenTrade, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about TenTrade on a non-Traders Union client?
Anyone can leave feedback about TenTrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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