Opinions about 10trade

IMPORTANT: Trading with binary options has recently been banned. However, in our domain you will find an entry with the best online brokers of 2021 to help you choose a portal that suits your needs while ensuring secure transactions and operations.

Is it a scam 10trade ? In Estafa.info we have analyzed this of binary options broker and we are pleased to announce that 10trade is not any scam.

On this page we will analyze in detail the investment offer of 10trade, as well as its security measures, its licenses, customer service and many other details that we hope will help you to make a better decision on whether it is convenient for you to open an account with them or not. In summary our opinion is that this broker is safe , in fact, we can advance that it is licensed by the CySEC, and has a decent offer of underlying assets that makes it possible to carry out a well diversified investment.

Our experience with 10trade

Trying to invest is always the best way to verify the service of any investment website. In this case, the experience is satisfactory. The website is easy to use, it has different types of binary options that allow you to carry out different investments, the amount of assets is not bad and, in short, the general service is good.

When it comes to security, you don't have to envy other well-known brokers. Your license guarantees us that you will respect our rights as users as stipulated by the dollarpeas rules or, if not, that we can complain to the CySEC.

Later we will see that other aspects such as customer service or the educational section are small details that add something more value to the service.

Is 10trade a scam?

When we talk about lesser-known brokers, such as the one we are dealing with in this review, it is common for users to wonder if their money will be safe when working with them. Of course, whenever we put money in the hands of another there is a certain risk, but to reduce it there are the financial authorities of each country.

10trade is a broker that it has a license from the CySEC . This means that it has to meet certain requirements that are very important for the security of its users' funds.

First of all, you should use segregated accounts , in such a way that he cannot use the clients' money to face his day-to-day payments. The money of each client is in separate accounts from those managed by the broker.

In addition, it must be part of the compensation fund . If you have already read any of our other binary options brokers reviews , you will know that this implies that in case of insolvency, the money of individuals is covered up to a maximum amount of $ 20,000.

Investment offer

If you are considering investing through this broker's website, a fundamental aspect that you should consider is its investment offer. To do this, first think about what type of assets you are going to invest in and when you have done so, keep reading the next section to see if you can find them here.

The educational section it adds some value to the offer of this company. In any case, let's not fool ourselves, it is a material that will help us remember basic concepts or know aspects about which we should delve into other sites. If you do not have much idea about binary options, simply reviewing the existing materials on this website will not be enough to be able to invest with guarantees.

As a summary, we can tell you that on this platform there are 5 types of binary options different and a lot of underlying assets. Let's look at it in detail.

Binary options trading

The investment possibilities are quite wide. First of all, it is necessary to consider the types of accessible investment. In addition to the classic binary options , with maturities ranging from 5 to 20 minutes and returns that are usually around 80% and in many cases exceed it. However, if you like to invest in the very short term, they also offer sixty-second options, they are risky, but they can also be very lucrative.

Other investment possibilities are the modalities of ladder, one touch and pairs . With them you can better manage your risks, choosing the possibility that best suits the market section in each situation. Finally, if you like to work longer trends, you have the long-term options , where the returns are usually somewhat lower, usually 75%, but also safer if your analysis is good. With them, you can invest up to two months ahead.

As for the number of assets, the offer is interesting. You can invest in more than 80 shares of companies around the world including two New Zealanders: Telefónica and Banco Santander; in more than 15 currency pairs, although in this section we do notice some shortcomings, especially among the most important currency pairs with the dollar; 9 commodities; more than 45 indices, including the DAX, the IBEX and the IBEX Future; and 11 stock pairs, although no crossover in which New Zealand shares appear is contemplated.

Welcome bonus

Until recently there was a good offer in the form of a welcome bonus on this website, but with the tightening of the rules of the Cypriot financial authority, the broker withdrew all offers . Therefore, unfortunately today there is no noteworthy offer. In Estafa.info we will check this particular regularly to inform you of news in this section.

10trade payment methods

As you can see in the image 10trade accepts Visa, MasterCard, CashU, Paysafecard, WebMoney and bank transfer. They include a large number of electronic wallets, but we miss both PayPal and Skrill. The minimum deposit that can be made is 200$ . An amount that is not very high to invest, but it could be smaller to satisfy those users who only want to try the service with a minimum investment.

As with any other website, make sure that when you are going to make a money transfer, the URL of the website is https. This ensures that the information you send will be encrypted with 128-bit SSL encryption and with greater security. The payment service providers of this company are: Wirecard, Inatec and SafeCharge.

The minimum amounts that can be withdrawn are $30 by credit card and $100 by transfer bank. The processing time of the same will depend on each case , so we can't give you an estimate. As usual, usually the credit card is faster than the transfer. Also, keep in mind that the first time you will need to verify your identity in order to withdraw the money, for which you will have to send them a copy of certain documents such as the credit card, a direct debit invoice and the ID. This procedure is mandatory in all regulated brokers and is due to international anti-money laundering standards.

10trade safety and regulations

As we told you before, this platform is legit and he leaves us no doubt about his safety. If you arrived here wondering if it could be a scam, you should not worry since it is not about any scam.

The license number is 248/14 and it was granted in October 2014, therefore it is a company that has been complying with the dollarpeas regulations for more than two years. It is also registered at the CNMV as Investment Services Companies of the New Zealandrpeo in Free Provision with the registration number 3866. However, this registration should not lead you to deception, the authority that should defend your rights in the event of problems will be the Cypriot, registration with the CNMV only implies that the New Zealand authority will inform in the event of problems with the broker, but has no attributions to it.

Being registered in the CySEC implies the obligation to follow the precepts of the MiFID dollarpea directive , as well as Cypriot investment regulations. Among the most important rules of these regulations are the obligation of the company not to fall into a conflict of interest with the investments of its clients or, if this happens, to take the necessary measures so that the client's interest always prevails in the execution of orders . Another no less important obligation is that of transparency, which, for example, has led many brokers, like the one we are reviewing here, to eliminate their welcome bonuses.

Customer service

The customer service meets expectations. New Zealanders have access to a national phone, so the cost of the call will be zero if you have a flat rate to use or a normal national call if it is not.

In addition, you can contact them through a live chat, yes in English, in which the waiting times are very short and sometimes non-existent. As a curiosity to mention that it is necessary to enter a first message with the topic of the conversation and then a second message with the question, otherwise, as happened to us the first message will not be sent.

They also have an email address, a form on their website and, of course, the possibility of writing them a traditional postal mail. In case you are traveling, they have accessible phones for most dollar countries and a total of more than 30 countries including Mexico, Saudi Arabia or Germany among others.

Functionality of the website

The website is absolutely functional with an intuitive use and very similar to that of any other binary options broker. On the negative side we have noticed that the web takes some time to load , which can be a problem if we want to quickly switch from one page to another within the website.

As for the investment we will find the typical rectangle with a central chart, the navigation buttons at the top to change the type of option, underlying asset or expiration and two large buttons one buy and one sell on the right side.

Mobile application

At the moment the investment platform of this review it doesn't have a mobile app available. Because of this, if your intention was to invest from anywhere using a mobile or tablet, you may be interested in looking at some of the other options that we recommend on our general brokers page (you have the link at the top of this page).

Finding

10trade is a online broker of binary options that is located in the middle segment of the market of this type of services. With it we will have access to the basic services offered by all brokers and we will do it with the security of knowing that it is not a scam because it is regulated and we will operate protected by the demanding dollarpea regulations.

The offer is good, but there are better ones. It can improve especially in the number of shares available as underlying, in offering a mobile application to be able to trade with guarantees from anywhere and in the loading time of the web. On the other hand, it stands out in its customer service that is quite fast, the ease of use of the web and the good offer of different types of binary options. In our opinion: a good broker with which you can invest perfectly.