10Markets Review

MIN. DEPOSIT $250
Up to 200:1
0 Users (0 votes)
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Overview

  Company Information 10Markets is one of the many international brokers providing Forex instruments, CFDs, Indices and Binary Options. The company is recently found. In 2014, 10Markets started offering its… more

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Details

Broker 10Markets
Website URL https://www.10markets.com/
Founded 2014
Headquarters London, United Kingdom
Support Number +442036701521
Support Email support@10markets.com
Support Types Phone, E-mail, Team Viewer
Languages English, Arabic, Spanish, German, Russian, French
Minimum 1st Deposit $250
Payout Up to 200:1
Free Demo Account Yes
Regulated Yes
Regulation Vanuatu International Financial Services Commission (VIFSC)
Account Types Classic, Standard, Premium, Tailor made
Deposit Methods Visa, MasterCard, Webmoney, Poli, Wire Transfer, Yandex, cashU, Giropay, iDeal
Withdrawal Methods Visa, MasterCard, Webmoney, Poli, Wire Transfer, Yandex, cashU, Giropay, iDeal
Expiry Times 30 seconds, 60 seconds, 2 minutes, 5 minutes, 10 minutes
Types of Assets Forex, CFDs, Indices, Shares
Account Currency USD, EUR, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

 

Company Information

10Markets is one of the many international brokers providing Forex instruments, CFDs, Indices and Binary Options. The company is recently found. In 2014, 10Markets started offering its service for the first time. The owner of the brand is the Whitestone Group Ltd from Anguilla. However, the central headquarters of the financial institution are located in London and more specifically at 16 Upper Woburn Place. 10Markets is one of the newest in the branch, which undoubtedly brings some lucrative opportunities on the table for most traders out there. The brokerage company is known to partner and work with many influential organisations in the industry, such as globally recognized investors and banks. 10Markets is, without any doubt, one of the adequate choices for reliable broker nowadays. Despite being young, the company is entirely legitimate and has a lot of potentials. They surely need to improve their services further. However, the new traders who join today won’t be disappointed. 10Markets is also fully dedicated to educating the beginners. They will have access to a wide range of educational material and various helpful tools. The broker also hosts webinars to outline the most recent changes on the markets and guides its loyal clients.

 

Trading Information

The international brokerage company offers their customers lucrative trading conditions and very tight spreads on most of the proposed financial instruments. Traders can also take advantage of both fixed and floating spreads as they can choose their favourite. The minimum payable spread is set at four pips. The maximum leverage, on the other hand, is currently limited to 1:200, which is quite a reasonable value. All registered clients can also enjoy Binary Options with over 100 different assets. 10Markets also employs four different trading accounts with slight differences. The customers can easily register for Classic, Standard, Premium and Tailored Made Account. These profiles mainly differ in the offered financial instruments for trading. Traders on Classic accounts have access to the base currencies and can only trade with fixed spreads; Standards include base pairs and commodities. Premiums and Tailored Mades can trade with almost all the instruments provided by 10Markets. The Classic and Standard account types also have limited access to the educational materials and tutorials.

 

Trading Platforms

10Markets offers a lot of opportunities when it comes to trading platform and tools. Of course, the broker supports the most popular trading software of all – MetaTrader 4. For those who are new to Forex, this is the world’s most used platform for trading operations designed by MetaQuotes Software Corp. MT4 is equipped with a broad range of indicators, tools and also supports trading via EAs (Expert Advisors). Luckily, 10Markets is not limited to just MetaQuotes’ products. Traders can also use the Web Trader provided by the company, which is an excellent solution for those who want to access their accounts from a browser. It’s a great platform for people on the go. The broker has the perfect choice for mobile users. Three different apps can serve 10Markets’ clients on their mobile devices. There is an application fully integrated for those who trade Forex pairs and need to operate their accounts through their smartphones and tablets. The other well-designed apps support Binary Options and seemingly execute orders without any hassle through a web browser or directly from the customer’s mobile device.

 

Security and Customer Services

According to the UK broker, security has always been and always will be a top priority. 10Markets website uses SSL encryption provided by GoDaddy, which ensures a secure transfer of data between the client and the broker. Apart of this security measure, 10Markets’ partnering with MetaQuotes Software Corp. is another indication of genuinely effective security. The software giant has a well-known name when it comes to protection in the financial markets. However, one of the biggest disadvantages is that 10Markets are not among the regulated brokers in the industry so that most traders may be suspicious.

 

The brokerage company is also dedicated to providing top notch customer care for their clients. There are up to three languages, which 10Markets supports. The communication channels are also various. The customer can easily contact via live chat, email, the contact form on the website or numerous local phone lines. Customer service is offered 24/7, which is one of the rare cases in the financial trading industry.

 

Deposit and Withdrawals

As a young and still undeveloped broker, 10Markets has a limited range of payment options. The only available methods at this time are bank wire transfer and credit/debit card, which involves some rules. The bank account, which makes the payment should be the owned by the client. Also, some extra security measures and confirmations may be employed. After the account is funded, it should be actively traded. Otherwise, 10Markets use a “Dormant Fee” that deducts 10% of the balance each month if the account is inactive for at least six months.

 

Withdrawals will be processed via the payment method used for the deposit, and it also involves some extra procedures. First of all, the client should file a withdrawal form, which can be accessed via the control panel in the account menus. The form should be printed out and signed, then send through email as a scanned image file. The whole documentation is carefully reviewed by 10Markets and then processed, which usually take no more than five business days. Take note that the beneficiary name should be the same as the one stated in the trading account.

 

Deposit Bonus and Loyalty Programs

Unfortunately, the UK broker does not offer any deposit bonuses or loyalty programs at this time. However, there is something mentioned about bonus funding on the client’s accounts, so in our opinion, it’s just a matter of time for 10Markets to introduce their bonus system. In the meantime, those who want to trade with the company can benefit from the tons of educational information, which is currently one of the top priorities for the young broker.

 

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