Accepts US Clients: No
Min. Deposit: $200
Platforms: Mobile Trader , MT4
Overall rating: 4.3/5
|Type of Broker||Market Maker|
|Islamic Account (Swap Free)|
|Deposit Options||Bank Wire Transfer , Cheque , Credit Card , Debit Card , Liberty Reserve , Moneybookers , Neteller , PayPal , Webmoney , Western Union|
|Withdrawal Options||Bank Wire Transfer , Credit Card|
Bonus & Rewards
|No Deposit Bonus|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Platform Type||Mobile Trader, MT4|
|Platform Languages||English, Spanish, Russian, French, Arabic|
|OS Compatibility||iOS , Windows|
|Streaming News Feed|
|Trade From Charts|
|Guaranteed Stop Loss|
|Guaranteed Limit Orders|
|Interest on Margin|
|Customer Support Languages||English, Spanish, German, Russian, Arabic|
|Customer Service Hours||24h|
|Place Trades Over the Phone?|
Newly established, 10Markets.com is an online trading platform that provides trading services for binary options, CFDs, forex and Indices. Although 10Markets.com is new to the online trading industry, they are worth a mention in our review directory, as this broker is one of the dozen or so forex brokers that are offering their clients the benefit of binary options trading services as well.
A subsidiary of the Whitestone Group Ltd, Anguilla, 10Markets.com’s operational office is located at #16, Upper Woburn Place, London.
To cater for the varying needs of their traders, 10Markets.com has provided them with several different types of trading platform. They include the:
- MetaTrader 4 (MT4)
The MT4 platform allows traders to trade all the major currency pairs with a leverage ratio of 1:200. Aside from being fully equipped with a full array of technical tools and advanced chart packages, the platform is also capable of being customized for automation with the use of “Expert Advisors” (EAs). It is designed specifically for online traders to get the most out of their trading experiences.
- 10Markets WebTrader
The 10Markets WebTrader cater to those traders who are always on the move and wants to access the markets without having to download any software.
- 10Markets Mobile FX App
This mobile trading app allows traders to stay in touch with the forex market through their mobile devices. Essentially, the control of the trader’s trading experience lies in the palm of their hands.
- 10Markets Binary Web App
The 10Markets binary web app lets traders trade in binary options with 10Markets web platform seamlessly with their mobile devices. With the shared wallet option, traders can also use the MT4 platform and Webtrader platform at the same time.
- 10Markets Binary Mobile App
With this app, traders can stay in touch with the markets in real time letting them enjoy the ultimate trading experiences from the palm of their hands.
In terms of trading accounts, 10Markets.com traders have a choice of 4 different types of trading accounts. They include:
- Classic Account (Minimum Deposit of $200)
- Standard Account (Minimum Deposit of $2500)
- Premium Account (Minimum Deposit of $20,000)
- Tailored Made Account (Adjustable Leverage)
Commission & Spreads
As for the trading conditions at 10Markets.com, except for classic trading accounts (fixed spreads), traders can choose between fixed or floating spreads. Regardless of whether the spreads are fixed or floating, the minimum spread payable starts from 4 pips. In addition, the maximum possible leverage is only at a ratio of 1:200.
10Markets.com’s website is available in Arabic, English and Russian. Communication with the support team is available 24/7 and can be done through email, web contact form, live chat and the various localized telephone numbers provided.
- 4 types of trading accounts
- Easy to contact customer support
- Good support for mobile trading
- Localized telephone numbers provided
- Multiple choices of trading platforms
- Shared wallet option allow seamless access to different trading accounts
- Wide selection of instruments available for trading
- High Spreads
- Low Leverage offered
- Non Regulated Broker
After a thorough review of 10Markets.com services and platforms, we can conclude that the broker is legitimate. Nevertheless, there are still many areas which 10Markets can do with some improvement to make their services even more enticing to traders. Since they are relatively new to the industry, we can only assume that they are still adjusting to the actual needs of their traders. Hopefully in due time, all the deficiencies at 10Markets.com will be rectified.