Accepts US Clients: No
Min. Deposit: $200
Leverage: 1:200
Platforms: Mobile Trader , MT4
Overall rating: 4.3/5

Broker Overview

Company Information

Broker’s Name 10Markets
Website www.10Markets.com
Headquartered in UK
Founded in 2014
Regulating Authority
US Clients Accepted  No
Telephone Number 442036701520
Fax Number
E-mail Address Support@10markets.com

Account Options

Type of Broker Market Maker
Commission Yes
Mini Account  Yes
VIP Account  Yes
Segregated Account  Yes
Islamic Account (Swap Free)  Yes
Demo Account  Yes
Institutional Accounts  Yes
Managed Accounts  Yes
Maximum Leverage 1:200
Minimum Deposit $200
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 No
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction?  No
Other Bonuses  Yes

Trading Platform

Platform Type Mobile Trader, MT4
Platform Languages English, Spanish, Russian, French, Arabic
OS Compatibility iOS , Windows
Streaming News Feed  No
Trading Signals  Yes
Automated Trading  Yes
Trade From Charts  Yes
Market Commentary  No
E-mail Alerts  No
Mobile Alerts  No
Scalping  Yes
Hedging  Yes
Trailing Stops  No
Guaranteed Stop Loss  No
Guaranteed Limit Orders  No
Guaranteed Fills  No
Interest on Margin  No
One-Click Execution  Yes
OCO Orders  No

Customer Service

Customer Support Languages English, Spanish, German, Russian, Arabic
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

10Markets.com Review

10Markets.com Review

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.

10Markets.com Review

Trading Platforms

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.

10Markets.com

Account Types                                                             

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.

 

Customer Support

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.

 

Pros

  • 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

Cons

  • High Spreads
  • Low Leverage offered
  • Non Regulated Broker

                     

Conclusion

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.