10Trade Broker Review

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10Trade Review


10Trade is a binary options brokerage owned by Holiway Investments Limited. Holiway, located in Nicosia, Cyprus, was one of the first companies to offer its clients a fully licensed and registered binary options program with regulation by the Cyprus Securities and Exchange Commission (CySEC). 10Trade offers expert support in multiple languages and provides personal guidance for every trader.


There is only one standard account at 10Trade. The minimum deposit into the account is $200 and each trade on the 60 second option must be at least $5.00 and the maximum is $500. There is also no demo account offered which I found quite disappointing when doing this 10Trade review.

Both the Double Up and Rollover options are available to all traders on the standard binary option but not on the 60 second option. When a trade is close to expiry and the direction predicted is on a roll, there is an opportunity to repeat the trade by clicking on the Double Up button. This allows a trader to place a new trade with the same conditions-assets, expiry time etc.

If the market disagrees with the prediction and the price is going in the opposite direction, traders have the chance to close in the money by clicking on the Rollover tab. The Rollover feature is available till 10 minutes before expiry.

Traders can make up to 81% on their money if their trade is successful. If an option expires out of the money, a portion of the original investment is credited to the trader’s account.

A new feature that I found when doing this 10Trade review is ‘option suspended’ which is a notification to the trader that appears at irregular trading or market conditions on a specific asset.

The asset list is extensive and it is provided in a clear and easy to read manner.

When it comes to platforms, the 10Trade binary options platform was designed with the goal of making online trading accessible to everyone, including new and experienced traders. They offer over 150 assets, high payouts and a host of trading products and tools including Ladder Options, Trader’s Choice, historical price graphs as well as popular classics such as “60 Seconds” and “OneTouch”. There is also a buy-out feature.

The One Touch option is a relatively new type of investing option that removes most of the guess work from regular options trading and simplifies the choices while offering huge payouts. It is very popular among traders in the commodity and Forex markets and is beneficial for traders who believe that the price of an underlying asset will exceed a certain level in the future but who are unsure about the sustainability of the higher price.

The 10Trade binary option platform requires no downloads and is easy-to-use. Both the web and mobile versions of the platforms offer immediate access and instant trade execution.


10Trade offers its clients a list of useful tools for successful trading including courses for both beginner traders and for those that have experience in the field. In addition, there are articles and an eBook about the individual commodities, stocks, Forex pairs, and indices available on their trading platform. There are also webinars where all account holders can participate.

A unique feature found at 10Trade is their radio station which broadcasts the latest market news and reviews from their team of financial analysts. 10Trade Radio provides up-to-date commentary on financial markets, platform updates, and information on how local and global events can guide trading decisions. Live signals are reported before the announcement of a major economic event. 10Trade Radio also instructs traders on how to read financial charts.

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The FAQ page and the financial glossary are extensive and offer a wealth of information for both new and experienced traders. The 10Trade trading ebook can be accessed on both desk top and mobile devices.

Market analysis is provided daily and a weekly market review wraps up the week’s events with a deep commentary on the possible implications and impacts in world markets.

10Trade Binary Options


Credit card withdrawals can be made up to $10,000; there is no limit on a withdrawal made via a bank wire. The minimum withdrawal by credit card is $30 and by wire $100.

Besides credit card and bank deposits and withdrawals, 10Trade uses Skrill, WebMoney, CashU and other payment methods.


10Trade is a fully licensed and registered binary options broker with regulation by the Cyprus Securities and Exchange Commission (CySEC).

Customer Support

The 10Trade website comes in English, Arabic, Germany, French, Russian and Spanish and is user-friendly and responsive. The landing page provides a virtual tour of the world of binary options and how traders can make money trading them.

Customer support is available 24/7 via Chat and traders can contact a representative at the telephone numbers in over 32 different locations around the world.


All in all I found 10Trade.com to be a well-rounded binary option broker. The features are strong and there are several unique ones not found with other binary option brokers. It’s a shame that there is only one account to choose from and that a demo account is not offered.


One of the nicest features of 10Trade is its customer support which is responsive 24/7 via Live Chat, Email or Toll Free Phone. The platform and support are available in 11 languages and the separate education department has experienced traders on call to assist both novice and experienced traders with all the training and advice they need. In addition, the fact that they are regulated a regulated binary options broker is important to many traders and guarantees that traders’ funds are safe even in an unlikely event of broker’s termination.


10Trade offers a stylish yet user-friendly online trading platform that provides up-to-the-minute trading quotations and rates provided by Thomson Reuters. Traders can choose both long-term and short-term options.

Proprietary Platform

The 10Trade binary options platform was designed to be accessible to both new and experienced traders. There are over 150 assets to choose from, high payouts and a list of trading products and tools including Ladder Options, Trader’s Choice, historical price graphs as well as popular classics such as “60 Seconds” and “OneTouch”. There is also a buy-out feature.

The 10Trade binary option platform requires no downloads. Both the web and mobile versions of the platforms offer immediate access and instant trade execution.

Some of the highest and most rewarding trades come from the One Touch trading option. It simplifies the standard binary options while offering huge payouts. It is particularly beneficial for traders who believe that the price of an underlying asset will exceed a certain level in the future but who are unsure about the sustainability of the higher price. With One Touch, the investor sets the price level of the trade, the expiry and the payout to be received once the level is reached. Unlike standard binary options, it is not enough to predict the price direction with One Touch as that has already been selected within the option along with the target price.

10Trade Platform Introduction

The 10Trade 60 Second trading platform offers 60 second trading which is ideal for traders who are looking for immediate rewards and who are able to respond quickly and effectively to sudden market movements.

10Trade lists a Pairs option and a Ladder option. In the latter, the trader chooses whether the binary option will be above or below the strike price. A summary screen gives the expiry time, investment amount, payout, asset and strike price.

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10trade Review – is 10trrade.com scam or good binary options broker?

Basic Information

Minimum deposit Min./ Max. bet size Payout % Platform Regulation
€500 €10 / $2500 Up to 82% SpotOption CySEC

10trade is a binary options broker, which appears to be targeting mainly the European market.

Trading Accounts

There are several account types available at 10trade. Here is a breakdown of what you get:

Account type Min. initial deposit Welcome bonus* Trading Central
Welcome €500 20% 2 Weeks
Bronze €1,000 30% 1 Month
Silver €2,000 40% 3 Months
Gold €5,000 50% 6 Months
Platinum €10,000 50% 1 Year

*The welcome bonus will be removed soon, due to regulatory changes.

10trade allegedly has a partnership with the technical analyisis providers at Trading Station. We are not sure if this partnership is still in place and exactly what reports a client will get, for the duration mentioned.

The Company. Security of Funds

Company Country Regulation
Holiway Investment Ltd. Cyprus CySEC

10trade is being operated by Holiway Investment Ltd., a CySEC-regulated company. Regulation is a rarity, when it comes to binary options brokers and gives the company a lot of credibility.

For those of you who don’t know, financial regulators are (mostly) government agencies who impose rules on the companies who are registered with them. CySEC is the agency in Cyprus. While financial markets may not be your first association with the island, Cyprus has became a hot-spot for binary options and forex brokers. This is due to many factors, on of which is the country’s EU membership, which grants every registered broker the ability to operate in the entire Single market.

In terms of the security of your funds, CySEC enforces two major rules. First and foremost, all CySEC regulated companies must keep their clients’ funds in the so-called segregated bank accounts – accounts which the company can not freely touch. Furthermore, all companies must participate in the local compensation scheme – a mechanism which acts as an insurance company, in order to protect clients against their broker going bankrupt. The Cypriot scheme covers up to €20,000 per account.

That being said, CySEC was considering to stop regulating binary options providers in the summer of 2020, so if this occurs clients of 10trade will loose these protections.

Unlike many other binary options brokers 10trade doesn’t have negative reviews on popular forums. This should be considered as a good sign.

Trading Conditions

Trading Options: Call/Put, Pairs, Long term, 60 seconds, One Touch, Ladder

Assets: Currencies, Indices, Commodities, Stocks, Stock Pairs,

Minimum Initial Deposit

The minimum initial deposit at 10trade is €500. This is rather high entry barrier, considering even some forex brokers now accept smaller deposits. As an example, you can open an account with the FCA-regulated industry-leading broker and spreadbetting provider IG, with whatever sum you want – there is no minimum deposit level.

10trade offers a minimum bet size of $10. While this is not the highest level we have seen, it also isn’t very low. Keep in mind, a lower bet size will allow you to control your risk better. For instance, at Grand Capital you can buy a binary option for as low as $1.

Payouts at 10trade vary around the 80%. The highest one we saw, while making this review was 82%, with 77% being the most frequent one. Other binary option providers offer slightly higher payouts, like Grand Capital, where the maximum is 86%.

Trading at 10trade is done via the SpotOption platform. This is a popular technological solution, which many binary option providers implement. Here is a preview:

Everything is basically self explanatory. You change the type of option via the top menu and you can change the instruments and trade parameters in the lower ones.

Methods of Payment

A lot of payment methods are available at 10trade. The traditional Bank transfer and credit/Debit Cards are accompanied by over 20 e-wallets, which are mostly focused on European countries. The more popular ones are Webmoney, YandexMoney, Qiwi, Paysafe Card and CashU.


10trades is a CySEC-regulated binary options broker. The company offers the popular SpotOption platform, which is also a plus. The payouts appear to be slightly lower than the ones provided at other binary brokers, but in general this appears to be a solid company. Here are the pros and cons:

Pros Cons
CySEC regulation Slightly lower payouts than other brokers
SpotOption platform High minimum deposit and minimum bet size
Lots of payment methods
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.


Broker Name: 10Trade
Platform: SpotOption
Founded: 2020
Bonus: No Bonus
Return/Refund: 70-81%/ 10%
No. Of Assets: 100+
Regulated: CySEC
Demo Account: No
Minimum Deposit: 200
US Traders: Not Accepted

10Trade Review

10Trade is owned and operated by Holiway Investments Limited, located in Nicosia, Cyprus at 4, Pindou Street, 4th Floor, Flat/Office 408, Egkomi, CY-2409. This means they are under the jurisdiction of the Cyprus Securities and Exchange Commission. Their license number is 248/14, their telephone in Cyprus is 22 35 35 57 (as listed on CySEC;s website) and in England is 0808 189 1458. Their email address is [email protected] Overall, 10Trade is fully regulated, which is a big plus because knowing that a regulatory authority watches over their actions offers an increased level of confidence for clients. On the other hand, U.S. clients are not accepted due to EU regulation restrictions.

Is 10Trade a Scam?

10Trade is strictly regulated and very transparent, having all the relevant information displayed on their website and going simply by the book. We are certain that 10Trade is not a scam.. Usually if a broker doesn’t show the name of the owning company and the address on the website I have a very tough time getting this info from their Support service and usually I end up searching for it in other places. It’s like it’s some sort of a secret… but anyway, that is the first red flag for me. Since 10Trade has a totally opposite approach and they make everything very visible, I‘d say they are miles away from being considered a scam but we will keep monitoring, nonetheless.

Update 2020: This broker recently had a massive drop in traffic and could be considered a firm that is shutting down. However, live chat was still available and denied the allegations. Bear in mind that most firms deny they are ceasing their operations until the last moment. In this case we can report a huge loss in traffic and, based on similar cases with many other brokers, we can only assume they are closing.

Editor’s Note – Why 10Trade Doesn’t Suck in 50 Words

Regulation. In fact, it’s not only that they’re regulated by CySec, but they also go by the book by all means. Some users from non-European countries may be surprised they can’t trade with 10Trade due to the new EU regulations, and existing users would find 10Trade’s Complaint Form very easy and accessible in case of trouble. On top of that, I cannot help but mention that their market reviews are up to date. My senior readers probably know how “strict” I’m with that.

Why 10Trade sucks in 50 words

My first impression on this brokerage is actually very good and when that happens, I consider even the smallest thing a suck-factor. With a bad brokerage you can find tens of reasons why they suck but with a good one, things are harder. Anyway, enough chit-chat; they suck because of the smiling dude on the front page. What’s up with that? Do they even know its 2020 and this type of marketing looks like a 2020 sales-page? I know that dude is there to inspire confidence but it does the opposite.

Should I Open an Account with 10Trade?

Update 26/02/2020: 10Trade.com went from hundreds of thousands in traffic to only a few thousand. It could be because they stopped marketing, which in turn means they could be shutting down. Overall, I can’t say for sure and as mentioned before, their live support denies this. Interestingly, their live support was available during a weekend which is good and in addition, 10Trade, in accordance with new CySec rules, removed their bonus scheme and no longer offers any bonuses tied to trading volume. It translates to that they still seem to be on top of things and offering good service despite the very low traffic.

The platform used by 10Trade is Spot Option version 2.0 and I am very glad to say they offer the new Ladder Options feature which allows you to make more money if the option expires further away from your entry point. Here’s a real time example taken from their platform as I write this review: the current price is 1.1295; if after 15 minutes your Call option will reach the price of 1.1305, you will get 378.19% payout. Huge, right? And we are only talking about 10 pips. If your option reaches 1.1310 you will get 437.72% payout and the percentage increases to 502.53% if 1.1314 is reached. I recently talked about this Ladder feature in another broker review and I said that I believe more and more brokers will offer it. Looks like I was right, but actually I don’t know who introduced it first so I don’t know where full credit goes. Anyway, it’s a great addition to binary options and I think it will be particularly useful during news releases when price can move strongly.

As far as I am concerned, 10Trade is a great looking broker, actually one of the best I’ve seen lately. The client gets good education, innovative features and of course, the safety of CySEC regulation, all combined with a professional approach from 10trade employees. We’ll keep a close eye on this brokerage and we hope they don’t disappoint because so far they are top notch… they just need to change the smiling dude on the homepage. Just kidding; actually now that I’ve spend more time on 10Trade’s platform, I don’t even notice the guy anymore.

10Trade Complaints

Update 2020: We couldn’t find any negative complaints, no withdrawal issues nor account manager fraud claims. It could be because 10Trade.come is legally registered in most European countries and operating favorably with their clients and that the few clients that had issues have been complaining through their respective regulators. Another reason is that this broker has such low traffic during the past six months it’s obvious that we don’t hear too many complaints.

10Trade Regulatory Announcements and Warnings

09.03.2020: CSA in Canada publishes a list that includes 10Trade.com among brokers that illegally target Canadians. Source: Lautorite.qc.ca

10Trade Bonus

Update 26/02/2020: 10Trade.com announces: “In order to conform with new regulations issued by the supervising authority, our bonus scheme will be withdrawn as of today. The rights of clients who have already accepted bonuses will not be affected in any way. Terms and Conditions related to bonus schemes will continue to be binding for both parties (for ourselves and the client.)” This means that 10Trade.com, in accordance with new regulations will no longer offer bonuses tied to trading volume, which is a good thing. It also means that if you already have a bonus since before, the previous terms apply as mentioned in the earlier review below:

The turnover required before being able to withdraw the bonus also differs depending on the amount you received as a bonus. What is important to me is the fact that your deposited money is available for withdrawal at any time. This is very important and speaks a lot about their fairness because we know that most brokers will block your deposited money until you reach the required trading volume. Also, the Bonus will not be pushed down your throat and instead you have the option to take it or not. Extract from 10Trade’s Terms and Conditions: “11.1.3 The Company will not restrict the client from withdrawing his/her deposit…”, “11.1.4 Client is not required to accept any bonus offered by the Company, all bonuses are optional.”

10Trade Withdrawal

Their rules regarding withdrawals are pretty much standard, meaning that you have to provide valid IDs and all funds deposited through a credit/debit card must return to the same card. All additional profits can be withdrawn via wire transfer. The minimum withdrawal is $30 for credit cards and $100 for wire transfers and the processing time is up to 3 business days but additional time can pass until the funds are visible in your bank (5-7 business days).

10Trade Ratings

User Friendly 17/20

The website is translated in 8 languages, the platform is SpotOption which is one of the best in the industry and it is well known for its capability of satisfying both new and seasoned traders and the website works smooth, with easy to access information.

Number of assets and expiry times 18/20

With 10Trade you have the opportunity to trade 29 currency pairs, 112 stocks, 9 commodities, 37 indices and 25 Pairs, which is much more the enough. The expiry times range from 60 seconds to end of day and even end of year, with all the normal time frames in between. One Touch options are also available.

Commissions, Support and Effective return 17/20

As usual, there are no fees to register and to open an account but a $30 fee will be paid if the client wished to make more than one wire withdrawal per month. The payout ranges between 70% and 81% which is pretty good and in case of an unsuccessful trade you will get a refund up to 10%. Their support team is very quick to answer and I didn’t have any trouble getting the information I needed. Update 2020: if your account drops below 25$ (or other currencies) you will be charged 5 currencies per month until the last debit where after your account will be closed. If your balance is above 25 currencies however, your account will be closed after getting notified by the company and after 10 days after which your account balance is returned to you.

Deposit, Payment and Bonus 17/20

The minimum you can deposit is $200 and the ways to do it are credit/debit card, wire transfers and a variety of e-wallets (Skrill/MoneyBookers, CashU, iDeal, Neteller). Withdrawals are processed in up to 3 business days and 5 to 7 days will pass until the money will reach your account after the transfer has been accepted. Update 2020: 10Trade.com no longer offers bonuses as mentioned above under bonus section. This is in accordance with new regulations.

Website Extras 13/20

The Ladder feature is great, Regulation is a big plus and they clearly say they don’t tie your own deposited money to their platform. Considering that 99% of brokers do their best to keep your money in their pockets (excuse me, “platforms”), I rate 10Trade with a higher score simply because they clearly state in their Terms and Conditions (not only in Live Chat or somewhere on the website) that your money is your money.

10Trade Overall Ratings (84) + Regulated (+3) = 87/100

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