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10TradeFx Broker Review

One major concern with online trading is whether the broker would scam you. The 10TradeFx regulation is the best response to it. The risk is decreased if the broker is regulated. However, you should consider all the available data before making a choice. 

Regulated by: FSA, CySEC

Headquarters Country: Seychelles, Cyprus

Foundation year: 2014

Supported Platforms: MT4

Minimum Deposit: $200

Types of Assets: FX, commodities, stocks, indicies, crypto

Maximum Leverage: 1:500

Demo Account: No

Regulation and Security

The owner of 10TradeFX broker is Holiway Investments Ltd. The broker has a presence in Seychelles and Nicosia, both in Cyprus. CySEC and FSA regulate the company. MiltonPrime is a different trading name owned by the same company.

According to its website, the company is storing the cash in tier-1 EU banks to ensure their protection. Which banks? We can’t tell.

In which countries does this broker work?

The company is allowed to provide financial services throughout the EEA region per CySEC regulations. If it adheres to their trading regulations, the broker, as a licensed CIF, may also provide services in foreign countries. In this situation, 10TradeFX may offer services in Vietnam and Singapore. The entity governed in the Seychelles is in charge of all other sectors.

The firm does not offer services to US citizens, which is a crucial point to make.

Is it possible to make profit with 10TradeFX?

Customers of 10TradeFx have access to MT4 trading. Different assets, including currency pairs, commodities, indices, stocks, and cryptocurrencies, are offered by the broker.

The broker requires a minimum deposit of $200. Making a profit is mostly dependent on your trading abilities. But getting that money out is another matter. You can run into problems if you try to withdraw money, especially if the broker is governed by an offshore authority. These rules are not as strict as top-tier ones like those of the FCA or ASIC. In light of our assessment, 10TradeFX has the potential for financial success. However, several customers had difficulties making withdrawals. Requests for withdrawals are being delayed, denied, and the broker keeps coming up with reasons.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]