Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
TenTrade Pros & Cons
- 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.
- 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.
TU Expert Verdict
TenTrade carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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TenTrade User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of TenTrade have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is TenTrade Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.2 /10TenTrade has a safety score of 4.2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.1 /10TenTrade offers the following account options: Standard, ECN/Raw spread, Micro.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Standard account with balanced trading conditions
- Low minimum deposit
- No VIP account option
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10TenTrade received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.8 /10TenTrade offers a limited selection of trading assets compared to the market average. The platform supports 135 assets in total, including 40 Forex pairs.
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Trading Account Opening
We successfully registered an account with TenTrade in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at TenTrade is $100.Score:We evaluated Trading Account Opening at TenTrade by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at TenTrade by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6 /10
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FAQs
How is TenTrade regulated and what does its safety score mean?
TenTrade is regulated by the Financial Services Authority of Seychelles (FSA), which is classified as a Tier-3 regulator, and the broker has a safety score of 4.2/10, corresponding to a low security level in this review. The broker offers negative balance protection and requires KYC verification, but it is not Tier-1 regulated, has no specified investor compensation fund, and has a relatively short track record since its foundation in 2021, which may indicate higher risk compared with more established, higher-tier jurisdictions.
What do reviews say about TenTrade’s trading commissions and non-trading fees?
According to the review, TenTrade’s overall fee level is rated 8/10, with low forex trading fees, tight EUR/USD spreads, and no inactivity, deposit, or withdrawal fees reported in this section. For example, standard account EUR/USD spreads are typically 0.6–0.8 pips, while ECN accounts show average EUR/USD and GBP/USD spreads of 0.10 pips plus a $3.50 commission per lot; user reviews or comments about these fees are not described in this section.
What types of trading accounts are available at TenTrade and what are their key conditions?
TenTrade offers Pro, ECN, Micro, Standard, and Bonus-style accounts, with real accounts mainly differing in spreads and commissions while sharing similar overall trading conditions on MetaTrader 5. For example, the Pro account has a $25 minimum deposit with spreads from 1.2 pips and no commission, the ECN account has a $100 minimum deposit with spreads from 0 pips plus a $3.5 commission per lot, and the Bonus account has a $100 minimum deposit with spreads from 1.8 pips and no commission; any account can be converted to swap-free upon request, and the broker does not provide a demo, cent, VIP, or managed account according to this section.
Which markets and instruments can traders access with TenTrade?
TenTrade supports 135 tradable assets, including 40 forex currency pairs, as well as stocks, commodity futures, cryptocurrencies, and stock indices. The broker does not offer ETFs, bonds, options, PAMM investing, or managed accounts, but it does provide a copy trading service for those who prefer not to engage in active trading.
How do reviews and feedback describe the TenTrade account opening process?
The review notes that TenTrade’s account opening is fully online, with registration taking about 10 minutes and KYC verification typically completed within 2 business days, and it describes the onboarding as one of the more accessible and straightforward procedures on the market. Based on available user reviews is not detailed in this section, but the documented process includes online registration, mandatory KYC, a minimum deposit of $100, and access to various client-area tools such as account management, funding, educational materials, and copy trading.
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