10TradeFX-Some Important Points about This Broker

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) and other authorities and is subject to regulatory controversy, requiring customers to carefully evaluate its legality and risks.

Pros & Cons

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. It is important to note that regulatory standards can vary, and clients are encouraged to conduct thorough due diligence to ensure their trading activities align with their expectations and requirements.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	The Seychelles Financial Services Authority	Offshore Regulated	Evalanch Ltd	Retail Forex License	SD082
	Cyprus Securities and Exchange Commission	Suspicious Clone	Holiway Investments Ltd	Straight Through Processing (STP)	248/14
	The Seychelles Financial Services Authority	Suspicious Clone	Milton Global Ltd	Retail Forex License	SD040

What Can I Trade on TenTrade?

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

Account Types

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.

Leverage

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

Fees

Commissions: Both the Pro account and Bonus account have zero commissions, while the ECN account charges a commission of $3.5 per lot per side.

Spreads: The Pro account has spreads starting from 1.2 pips, the ECN account offers raw spreads starting from 0 pips, and the Bonus account has spreads starting from 1.8 pips, catering to users with different trading needs.

Minimum Deposit: $100

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.

Deposit and Withdrawal

The client supports a variety of payment methods, including Neteller, Skrill, local bank transfers, SWIFT wire transfers, Visa, and Mastercard, to accommodate the payment needs of different customers.