10TradeFx (now rebranded as TenTrade) is an online forex and CFD broker that offers trading in multiple financial markets, including currencies, commodities, indices, stocks, and cryptocurrencies. The platform provides access to the MetaTrader 5 (MT5) trading system, available on desktop, web, and mobile devices, along with features like automated trading, copy trading, and advanced charting tools.
The broker operates under Evalanch Ltd, which is licensed by the Seychelles Financial Services Authority (FSA). However, this is considered an offshore regulator, meaning investor protection may be limited compared to top-tier authorities. 10TradeFx offers multiple account types with varying deposit requirements, leverage options, and trading conditions, aiming to serve both beginner and experienced traders.
| Founded: |
Account Currencies |
| 2014 |
USD, EUR, and GBP |
| Trading Instruments: |
Trading Platforms: |
| Forex, CFDs, Stocks, Commodities |
MetaTrader 5, Web Trader |
| Funding Methods: |
Regulation |
| Cryptocurrency, E-Wallets, Bank Transfers |
FSA (Seychelles) |
| Max Leverage: |
Min Deposit: |
| 1:500 |
$100 |
Fees, Spreads, and Commissions
10TradeFx (TenTrade) follows a flexible pricing model that varies depending on the account type. The broker mainly earns through spreads, while some accounts also include commissions. Standard and Pro-style accounts generally offer zero-commission trading, where costs are built into the spread, making them suitable for beginners who prefer a simple fee structure.
Spreads at 10TradeFx are considered competitive. On standard accounts, spreads typically range around 0.6 to 0.8 pips on major pairs like EUR/USD, while ECN accounts offer much tighter spreads starting from 0.1 pips under high liquidity conditions. In exchange for these lower spreads, ECN accounts charge a commission of approximately $3 to $3.5 per lot per side, which is common among raw spread accounts designed for active traders.
In terms of additional costs, 10TradeFx generally does not charge deposit or withdrawal fees, but traders may incur swap (overnight) fees for holding positions and an inactivity fee (around $15/month) if the account remains dormant for a few months. Overall, the broker offers a relatively low-cost structure, but actual trading expenses can vary depending on market conditions, account type, and trading volume.
Deposits and Withdrawals
10TradeFx (TenTrade) offers a variety of payment methods for both deposits and withdrawals, making it accessible to traders worldwide. Common funding options include bank wire transfer, Skrill, and Neteller, with some sources also mentioning card payments like Visa and Mastercard. These options allow traders to choose convenient and widely used payment systems when managing their accounts.
The minimum deposit typically starts from around $100, depending on the account type, although some accounts may allow lower entry thresholds. Deposits are generally processed quickly, enabling traders to start trading without long delays. Withdrawals are made through the same methods used for deposits, which is a standard industry practice.
Minimum Deposit and Account Types
10TradeFx (TenTrade) offers multiple account types to suit different trading levels, from beginners to advanced traders. The broker typically provides three main live accounts: Pro, ECN, and Bonus accounts, each designed with different trading conditions and cost structures.
The minimum deposit is relatively low, making it accessible for new traders. The Bonus account can start from around $50, while the Pro account usually requires about $100, and the ECN account starts from approximately $300. Some sources also mention entry-level deposits as low as $25–$100 depending on promotions or account variations, while higher-tier accounts require larger capital.
Each account type comes with different features. The Pro account is suitable for beginners, offering simple trading with no commission and standard spreads. The ECN account is designed for experienced traders, providing raw spreads from 0 pips with a commission per trade. The Bonus account is ideal for low-budget traders who want to start with minimal risk and access basic trading features.
Global Regulation
10TradeFx (now known as TenTrade) operates under the company Evalanch Ltd, which is licensed and regulated by the Seychelles Financial Services Authority (FSA) under license number SD082. This means the broker is legally authorized to provide trading services such as forex and CFDs within the framework set by the FSA.
However, it is important to understand that the FSA is considered an offshore regulator. While it does provide basic oversight and licensing, it does not offer the same level of investor protection as top-tier regulators like FCA (UK), ASIC (Australia), or CySEC (Cyprus). Offshore regulation typically involves fewer restrictions, higher leverage allowances, and limited compensation schemes for traders.
On the positive side, brokers under FSA regulation may still implement safety measures such as segregation of client funds and internal compliance controls. However, since there is no strong investor compensation system, traders should exercise caution and carefully assess risks before investing.
Safety Beyond the Trade
10TradeFx (TenTrade) offers some basic safety measures to protect traders, but these protections are relatively limited compared to highly regulated brokers. The company states that client funds are held in segregated accounts, which helps ensure that user money is kept separate from the broker’s operational funds. This is a standard industry practice and reduces the risk of fund misuse.
The platform also claims to use secure encryption systems to protect personal and financial data, along with safe payment processing methods. Some accounts may include negative balance protection, meaning traders cannot lose more than their deposited amount during extreme market volatility. These features provide a basic level of operational safety for users.
Trading Platforms and Tools
10TradeFx (TenTrade) provides access to the MetaTrader 5 (MT5) platform, which is one of the most widely used and advanced trading platforms in the industry. It is available across desktop, web, and mobile devices, allowing traders to access their accounts and manage trades from anywhere with full functionality.
The MT5 platform comes packed with advanced charting tools and technical indicators, offering over 80 built-in indicators and multiple chart types such as candlestick, bar, and line charts. Traders can analyze markets using different timeframes, apply drawing tools, and even place trades directly from charts for faster execution.
One of the key highlights is automated trading through Expert Advisors (EAs), which allows users to create or use pre-built trading robots to execute strategies automatically. The platform also supports multiple order types including market, limit, stop, and trailing stop orders, giving traders flexibility in managing positions and risk.
Customer Support
10TradeFx (TenTrade) offers multi-channel customer support designed to assist traders with account, technical, and trading-related queries. The broker provides support through live chat, email, and ticket-based systems, allowing users to get help through different communication channels. Live chat is the primary support option, offering quick responses during active hours, while email support is used for more detailed inquiries.
In terms of availability, customer support is generally active during extended business hours, typically around 7:00–21:00 GMT+2, with some claims of 24/7 live chat assistance depending on the service section. Reviews suggest that response times are usually same-day, and support agents are described as helpful and professional when handling both basic and technical questions.
