10tradeFX Review – What to expect from the broker

10tradeFX is an STP CFD Broker that features on its trading platform CFDs on Forex, Spot metals, shares, indices. 10tradeFX is a subsidiary company of Holiway Investments Ltd, a corporation that is regulated and overseen in Cyprus by the CySEC. This company also runs HWFX, a broker with an almost identical offer to 10tradeFX. The minimum spread is for EUR/USD 1.5 pips*, real trading is possible with the minimum deposit of $200. The 10tradeFX website is available in English, Polish, Vietnamese and Russian.

What do we cover in our 10tradeFX Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.10tradeFX.eu
  • Leverage: up to 1:30
  • Instruments: CFDs – Forex (37), Spot metals (gold, silver), shares (64), indices (10),
  • Minimum deposit: $200 (accounts held in USD, EUR, GBP)
  • Demo account: Yes, free of charge
  • Methods of deposit and withdrawal: Bank wire, Neteller, Skrill, Nganluong, 4Cash

10tradeFX Trading Platform

For FX and CFD trading, 10tradeFX offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The trading platform gives access to 113 trading instruments. 10tradeFX supports hedging and according to the broker, the average trade execution time is 85 millisecond.

10tradeFX Spreads

As any other CFD broker, 10tradeFX charges a spread fee. For the most current spread charges, please visit the 10tradeFX.eu website. Here is a spread comparison table that contrasts 10tradeFX spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
10tradeFX* 1.5 1.5 1.5 1.5
Plus500** 0.6 0.7 1.1 0.6
IQOption** 3.7 4.4 8.8 5.3

*Minimum spreads recorded on 30.05.2019 at 22:28 GMT, spread charges were taken from the website of the broker. **Spreads recorded on 31.05.2019 at 8:23 GMT from the trading platform of the broker.

Advantages and disadvantages

Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce 10tradeFX.

10tradeFX Pros
  • Hedging allowed
10tradeFX Cons
  • Low number of CFDs (a very few commodities, no cryptos)

To sum up the 10tradeFX Review

10tradeFX adheres to strict regulatory guidelines of the CySEC. The minimum spreads are at 10tradeFX quite attractive, what are the actual/avarage spread charges is, however, unknown to us. The amount of available CFDs is not particularly attractive, especially when we look at the number of tradable indices and commodities (not to mention there are no CFDs on a single cryptocurrency).

10tradeFX Review – What to expect from the broker
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Michael

Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
Michael

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