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TenTrade -

Score

4.59 /10
Average

TenTrade

Seychelles

5-10 years

Regulated in Seychelles

Retail Forex License

MT5 Full License

High potential risk

Offshore Regulated

https://tentrade.com/en

Influence

B

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Comparison

Quantity 10

Exposure

Open Account
Website

Score

Regulatory Index3.92

Business Index7.49

Risk Management Index0.00

Software Index8.44

License Index3.92

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

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Broker Information

More

Company Name

Evalanch Ltd

Company Abbreviation

TenTrade

Platform registered country and region

Seychelles

Company website

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Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 5
Previous Detection : 2025-10-16
  • WikiFX has received a total of 6 user complaints against this broker, please be aware of the risks and do not be scammed!
  • The broker's claimed CyprusCYSEC regulation (Regulation Number: 248/14) has not been verified. Please be alert to the risks!

WikiFX Survey

Good

TenTrade

Cyprus

WikiFX Verification

Exposure

10 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Scam platform, unable to withdraw funds

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.

2024-08-15 18:34
Unable to Withdraw

My Worst Experience with TenTrade: A Scam Broker!

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.

2025-02-22 04:53
Unable to Withdraw

My 1226$ Balance Blocked — Unable to Withdraw

Hello, I want to report a serious issue with TenTrade. I traded honestly and made profits through legitimate trading. My total balance of 1226$ is now completely blocked — my withdrawal request was declined, and later the withdrawal option disappeared from my account. I deposited real funds and never violated any trading rule. I have all the proofs including screenshots, chat history, and transaction details. Despite several attempts to contact your support team, I received no proper response. This is unacceptable and raises questions about your company’s transparency. I request immediate action — please release my ₹1230 and reactivate my withdrawal option. Here are my details: MT5 ID: 713082 Client ID: 355386 Email: armanking515h@gmail.com Phone: +92 329 8814621 If this issue is not resolved within 48 hours, I will escalate the matter to financial regulators and post evidence on public trading forums and social media.

2025-10-15 13:45
Resolved

my 7790 USD were scammed

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

2023-08-28 23:58
Resolved

Funded account program

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

2024-01-15 15:09
Severe Slippage

I'm completely disappointed

I'm completely disappointed with the enTrade platform. Their slippage tactics and shameless attitude are unbearable. As a Vietnamese trader, I primarily trade gold on this platform, but slippage is a frequent and increasingly severe problem. On the 15th, the price of gold was fluctuating around $1,920 per ounce. I planned to place a short order at 1,922, but after submitting the order, it showed that the transaction was completed at 1,925.6, a slippage of 36 points. Three days later, I placed a long order at 1,910, but the transaction was actually completed at 1,906.8, a further slippage of 32 points. The platform seems to deliberately amplify slippage at key points in market fluctuations, especially when important data such as non-farm payrolls and central bank speeches are released. The slippage probability is as high as 90%. It is clear that they are using slippage to exploit investors. This unscrupulous platform must be exposed, and everyone must choose with caution.

2025-09-04 12:55
Unable to Withdraw

Dear 10trade.com Support

Dear 10trade.com Support Team / Concerned Users, I am writing this to share my very disappointing experience with 10trade.com. I started trading with an initial deposit of $100 and successfully grew my balance to $1,200 through legitimate trading, without violating any of your terms and conditions. However, when I tried to withdraw my funds, my withdrawal request was rejected and soon after that, the withdrawal option was completely disabled in my account. I have all the proofs — including screenshots, transaction details, and chat records — that show I traded honestly and followed all platform rules. Despite several attempts to contact your support team through email and live chat, I have received no response at all. This kind of behavior raises serious questions about your platform’s transparency and reliability. Blocking users’ withdrawals without reason and ignoring their support requests is unethical and unprofessional

2025-10-14 15:21
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
Scam

WARNING: TENTRADE EXCHANGE IS A SCAM

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.

2025-03-20 15:37
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
    MT5✔Desktop, 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!
    About More

    User Reviews

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    User comment

    14

    Comments

    Write a review

    Arman Ali
    0-3months
    Hello, I want to report a serious issue with TenTrade. I traded honestly and made profits through legitimate trading. My total balance of 1226$ is now completely blocked — my withdrawal request was declined, and later the withdrawal option disappeared from my account. I deposited real funds and never violated any trading rule. I have all the proofs including screenshots, chat history, and transaction details. Despite several attempts to contact your support team, I received no proper response. This is unacceptable and raises questions about your company’s transparency. I request immediate action — please release my ₹1230 and reactivate my withdrawal option. Here are my details: MT5 ID: 713082 Client ID: 355386 If this issue is not resolved within 48 hours, I will escalate the matter to financial regulators and post evidence on public trading forums and social media.
    Hello, I want to report a serious issue with TenTrade. I traded honestly and made profits through legitimate trading. My total balance of 1226$ is now completely blocked — my withdrawal request was declined, and later the withdrawal option disappeared from my account. I deposited real funds and never violated any trading rule. I have all the proofs including screenshots, chat history, and transaction details. Despite several attempts to contact your support team, I received no proper response. This is unacceptable and raises questions about your company’s transparency. I request immediate action — please release my ₹1230 and reactivate my withdrawal option. Here are my details: MT5 ID: 713082 Client ID: 355386 If this issue is not resolved within 48 hours, I will escalate the matter to financial regulators and post evidence on public trading forums and social media.
    Translate to English
    2025-10-15 13:45
    Reply
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    Arman Ali
    0-3months
    Dear 10trade.com Support Team / Concerned Users, I am writing this to share my very disappointing experience with 10trade.com. I started trading with an initial deposit of $100 and successfully grew my balance to $1,200 through legitimate trading, without violating any of your terms and conditions. However, when I tried to withdraw my funds, my withdrawal request was rejected and soon after that, the withdrawal option was completely disabled in my account. I have all the proofs — including screenshots, transaction details, and chat records — that show I traded honestly and followed all platform rules. Despite several attempts to contact your support team through email and live chat, I have received no response at all. This kind of behavior raises serious questions about your platform’s transparency and reliability. Blocking users’ withdrawals without reason and ignoring their support requests is unethical and unprofessional
    Dear 10trade.com Support Team / Concerned Users, I am writing this to share my very disappointing experience with 10trade.com. I started trading with an initial deposit of $100 and successfully grew my balance to $1,200 through legitimate trading, without violating any of your terms and conditions. However, when I tried to withdraw my funds, my withdrawal request was rejected and soon after that, the withdrawal option was completely disabled in my account. I have all the proofs — including screenshots, transaction details, and chat records — that show I traded honestly and followed all platform rules. Despite several attempts to contact your support team through email and live chat, I have received no response at all. This kind of behavior raises serious questions about your platform’s transparency and reliability. Blocking users’ withdrawals without reason and ignoring their support requests is unethical and unprofessional
    Translate to English
    2025-10-14 15:21
    Reply
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    10