- June 30, 2019
- Posted by: Michael
- Category: CFD brokers
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.
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.
*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.
- Hedging allowed
- 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).
Your review can make a difference to other traders, please leave a comment if you have any personal experience with 10tradeFX.
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