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Score
Seychelles
Regulated in Seychelles
Retail Forex License
MT5 Full License
Medium potential risk
Offshore Regulated
Influence
Add brokers
Comparison
Quantity 7
Exposure
Score
Regulatory Index3.92
Business Index7.45
Risk Management Index7.38
Software Index8.44
License Index3.92
Single Core
1G
40G
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Company Name
Evalanch Ltd
Company Abbreviation
TenTrade
Platform registered country and region
Seychelles
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
My account was closed without any notification, and I don't even have access to log in to the client backend. I am completely unable to withdraw funds.
Delete user accounts when they have not violated the daily decline. The daily decline is 6%, about 196 USD from 3201 USD. When entering the price, I set the stop loss + commission of 181 USD. When the price is scanned correctly at the stop loss, the account is locked. Change due to violation of risk rules.
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
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.
They are scammer ,i buyed evaluation account first time august then December ...there didnt write nothing about consistency rules ..they update consistency rules on 09.01.2024..i'll dont continues the evaluation with them scammer ..i want my money back
Hello, I would like to expose this broker or scammer, I dont know what to call to this company, I made profit of 7190 and even deposit of 600, totaling 7790 was lost, my withdrawal was declined, I never got my money, someone please help me, I will post of social media too and regulators too, please help mePLEASE EXPOSE THIS BROKER
TenTrade Review Summary | |
Founded | 2010 |
Registered Country/Region | Seychelles |
Regulation | FSA (Offshore regulated, suspicious clone), CYSEC (Suspicious clone) |
Market Instruments | Forex, Commodities, Indices, Shares, NTFS, Energies |
Demo Account | / |
Leverage | 1:1-1:500 |
Spread | Pro Account: From 1.2 pips |
ECN Account: From 0 pips | |
Bonus Account: From 1.8 pips | |
Trading Platform | MT5 |
Minimum Deposit | $100 |
Customer Support | 24/7 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 Restriction | the United States |
Bonus | ✅ |
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).
Pros | Cons |
Various trading markets | Offshore regulation risks |
MT5 available | Suspicious clone licenses |
Popular payment methods | US clients not accepted |
Live chat support |
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 Country | Regulated Authority | Regulatory Status | Regulated Entity | License Type | License Number |
![]() | Seychelles Financial Services Authority (FSA) | Offshore Regulated | Evalanch Ltd | Retail Forex License | SD082 |
![]() | Cyprus Securities and Exchange Commission (CySEC) | Suspicious Clone | Holiway Investments Ltd | Straight Through Processing (STP) | 248/14 |
![]() | Seychelles Financial Services Authority (FSA) | Suspicious Clone | Milton Global Ltd | Retail Forex License | SD040 |
TenTrade offers 40 Forex, Commodities, Indices, Shares, NTFS, and Energies.
Trading Asset | Available |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Shares | ✔ |
NTFs | ✔ |
Energies | ✔ |
Cryptocurrencies | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Mutual Funds | ❌ |
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 Type | Accepted Currencies | Minimum Deposit | Maximum Leverage | Spread | Commission |
PRO | USD, EUR, GBP | $100 | 1:500 | From 1.2 pips | $0 |
ECN | $300 | From 0 pips | $3.5/lot per side | ||
BONUS | $50 | From 1.8 pips | $0 |
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.
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 Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
MT4 | ❌ | / | Beginners |
TenTrade supports a variety of payment methods, including Neteller, Skrill, local bank transfers, SWIFT wire transfers, Visa, and Mastercard.
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.
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.
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