Score

5.47 /10
Average

TenTrade

Seychelles

5-10 years

Regulated in Seychelles

Retail Forex License

MT5 Full License

Medium potential risk

Offshore Regulated

B

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Comparison

Quantity 7

Exposure

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Website

Score

Regulatory Index3.92

Business Index7.45

Risk Management Index7.38

Software Index8.44

License Index3.92

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VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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WikiFX Risk Alerts 4
Previous Detection : 2025-08-21
  • The broker's claimed CyprusCYSEC regulation (Regulation Number: 248/14) has not been verified. Please be alert to the risks!
  • The broker's claimed SeychellesFSA regulation (Regulation Number: SD040) has not been verified. Please be alert to the risks!

WikiFX Verification

Pyramid scheme complaint
Expose
Resolved

Please stay away from this company

Please stay away from this company. This company is a fraud. I created an account in this company and bought some shares in it. The next day when I got the profit, I booked my profit. And when the withdrawal is made, the company says that we cannot give you profit, you have committed fraud. And said that do what you have to do, we do not give money. Please do not create an account with this company. And I will go against this company on every network. So that other people can avoid this company

2023-07-31 13:23
Resolved

10tradefx.com is a scam broker

Hi all investors My name is zafar ali. My tentrade mt5 id is 47183. 10tradefx is a scammer broker, don't open account here. tentrade claiming a registered broker. I am telling you all details how they scammed me. I am contacting their regulations. They will be fined and this broker will be banned. I buy DoCU US share by 850$. I only buy 209 shares. After buying shares i still had 550$ free margin. Second day when market opened my profit was 3040$. When i closed trade and placed withdraw, they accept my withdraw and sent me email for accepting my withdraw ( screenshot attached). Second they declined my withdraw and told me i fraud them. What Fraud i do, i just buy us shares and when i saw profit in my account, i just closed trade. Is this fraud to close a trade with profit?. I even don't get any bonus from them so these terms don't apply to me. I traded with my own money. I get loss this broker will not compensate my money. First they deducted all my profit and my balance reduced to 850$ then they deducted 550$ more and now my balance is 300$ which tentrade told me to withdraw ( video attached). I am warning all of you stay away from this broker. If you have any deposit then withdraw as soon as possible. I just want my profit with my capital investment. Otherwise i am posting on other platforms too and regulation authority.

2023-03-16 00:51
    TenTrade · Company summary
    TenTrade Review Summary
    Founded2010
    Registered Country/RegionSeychelles
    RegulationFSA (Offshore regulated, suspicious clone), CYSEC (Suspicious clone)
    Market InstrumentsForex, Commodities, Indices, Shares, NTFS, Energies
    Demo Account/
    Leverage1:1-1:500
    SpreadPro Account: From 1.2 pips
    ECN Account: From 0 pips
    Bonus Account: From 1.8 pips
    Trading PlatformMT5
    Minimum Deposit$100
    Customer Support24/7 support, live chat
    Email: support@tentrade.com
    Social Media: Facebook, LinkedIn, Instagram, Twitter, YouTube, TikTok, Telegram, Discord
    Address: CT House, Office No. 9A, Providence, Mahe, Seychelles
    Regional Restrictionthe United States
    Bonus

    TenTrade Information

    TenTrade is a Seychelles-based forex and CFD broker founded in 2010 and licensed by the Seychelles Financial Services Authority (FSA) with a retail forex license (SD082). TenTrade offers three account types (PRO, ECN, BONUS), supports MT5 platform trading, covers a wide range of assets such as forex, commodities, indices, and provides flexible leverage up to 1:500. However, it has been flagged as suspicious clone by the Cyprus Stock Exchange (CySEC).

    TenTrade Information
    regional restriction

    Pros and Cons

    ProsCons
    Various trading marketsOffshore regulation risks
    MT5 availableSuspicious clone licenses
    Popular payment methodsUS clients not accepted
    Live chat support

    Is TenTrade Legit?

    TenTrade is offshore regulated by the Seychelles Financial Services Authority (FSA) under the entity Evalanch Ltd, holding a Retail Forex License (SD082). The company operates within the regulatory framework provided by the Seychelles FSA, which is known for its offshore jurisdiction.

    However, it has been identified as a suspicious clone by the Cyprus Securities and Exchange Commission (CySEC) and the FSA under other entities.

    Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense Number
    Seychelles
    Seychelles Financial Services Authority (FSA)Offshore RegulatedEvalanch LtdRetail Forex LicenseSD082
    Cyprus
    Cyprus Securities and Exchange Commission (CySEC)Suspicious CloneHoliway Investments LtdStraight Through Processing (STP)248/14
    Seychelles
    Seychelles Financial Services Authority (FSA)Suspicious CloneMilton Global LtdRetail Forex LicenseSD040
    license
    license
    license

    What Can I Trade on TenTrade?

    TenTrade offers 40 Forex, Commodities, Indices, Shares, NTFS, and Energies.

    Trading AssetAvailable
    Forex
    Commodities
    Indices
    Shares
    NTFs
    Energies
    Cryptocurrencies
    Bonds
    Options
    ETFs
    Mutual Funds

    Account Type & Fees

    TenTrade offers three types of live accounts: PRO, ECN, and BONUS.

    PRO Account: Suitable for beginner traders, with a minimum deposit of $100, spreads from 1.2 pips, no commissions, support for STP mode, and flexible leverage (up to 1:500).

    ECN Account: Designed for professional traders, with a minimum deposit of $300, raw spreads (from 0 pips) are available, but a commission of $3.5/lot is charged per trade, STP and high leverage are also supported.

    BONUS Account: The lowest threshold, only $50 to open an account, spreads from 1.8 pips, no commissions, suitable for beginners with less capital, and who want to experience trading.

    Account TypeAccepted CurrenciesMinimum DepositMaximum LeverageSpreadCommission
    PROUSD, EUR, GBP$1001:500From 1.2 pips$0
    ECN$300From 0 pips$3.5/lot per side
    BONUS$50From 1.8 pips$0
    Account Types

    Leverage

    TenTrade offers flexible leverage from 1:1 to 1:500 for all account types. High leverage allows traders to diversify their portfolios more flexibly and try different trading strategies without having to invest a large amount of money.

    Leverage

    Trading Platform

    TenTrade offers the MT5 platform. MetaTrader 5 (MT5) is a multi-asset trading platform launched by MetaQuotes that allows trading Forex, Stocks, and Futures.

    Trading PlatformSupported Available Devices Suitable for
    MT5Desktop, Mobile, WebExperienced traders
    MT4/Beginners

    Deposit and Withdrawal

    TenTrade supports a variety of payment methods, including Neteller, Skrill, local bank transfers, SWIFT wire transfers, Visa, and Mastercard.

    Deposit and Withdrawal

    News

    ExposureExposed: Red Flags You Should Know About TenTrade

    Red flags are the warning signs you need to notice. Brokers hide their red flags, always show you the bright side and never reveal the risks associated with it. But as a trader, you need to focus on red flags more carefully before investing. In this article, we will reveal the red flags of TenTrade.

    WikiFX
    2025-08-21 17:52
    Exposed: Red Flags You Should Know About TenTrade

    ExposureTenTrade Is a Scammer? Read More Here!

    Amid the accessibility and potential profitability of forex trading, a recent complaint against TenTrade Ltd., an online brokerage, underscores the challenges traders encounter in navigating profit withdrawal while being accused of fraudulent trading by the company. Fortunately, thanks to traders and WikiFX's efforts, TenTrade was able to settle with traders and preserve its reputation.

    WikiFX
    2023-08-10 17:39
    TenTrade Is a Scammer? Read More Here!

    User Reviews

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    User comment

    10

    Comments

    Write a review

    Royaltyfx
    6-12months
    I wish I had never come across TenTrade. This has been the worst trading experience of my life. I initially deposited money with them, hoping to trade and withdraw my profits like any normal broker would allow. But that was a huge mistake, Everything seemed fine at first , trading was smooth, and I made some decent profits. But when it came time to withdraw, that’s when the nightmare began. My withdrawal requests were either ignored, delayed indefinitely, or outright rejected with ridiculous excuses. They even had the audacity to accuse me of violating their terms without providing any proof. After weeks of back-and-forth emails and live chats that went nowhere, I realized that TenTrade was never going to let me withdraw my hard-earned money. It’s clear that they are running a scam, trapping traders with fake promises and then refusing to release their funds. I strongly advise anyone thinking about using TenTrade to stay away.
    I wish I had never come across TenTrade. This has been the worst trading experience of my life. I initially deposited money with them, hoping to trade and withdraw my profits like any normal broker would allow. But that was a huge mistake, Everything seemed fine at first , trading was smooth, and I made some decent profits. But when it came time to withdraw, that’s when the nightmare began. My withdrawal requests were either ignored, delayed indefinitely, or outright rejected with ridiculous excuses. They even had the audacity to accuse me of violating their terms without providing any proof. After weeks of back-and-forth emails and live chats that went nowhere, I realized that TenTrade was never going to let me withdraw my hard-earned money. It’s clear that they are running a scam, trapping traders with fake promises and then refusing to release their funds. I strongly advise anyone thinking about using TenTrade to stay away.
    Translate to English
    2025-02-22 04:53
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    JayWang95
    more than one year
    沒有任何通知就把我的帳號關閉,連登入客戶後台的權限都沒有,完全無法出金。
    沒有任何通知就把我的帳號關閉,連登入客戶後台的權限都沒有,完全無法出金。
    Translate to English
    2024-08-15 18:34
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