What is 10TradeFX?
10TradeFX is a forex broker that offers online trading in more than 50 currency pairs, as well as CFDs on stocks, indices, commodities and cryptocurrencies. The company is headquartered in Cyprus and is regulated by the CySEC. 10TradeFX offers two types of accounts – a standard account and a VIP account. The standard account requires a minimum deposit of $250, while the VIP account requires a minimum deposit of $25,000. 10TradeFX also offers a demo account with a virtual balance of $10,000.
Is 10TradeFX a legit or scam forex broker?
When it comes to online trading, there is always the potential for scams. This is why it is so important to do your research before choosing a broker. 10TradeFX is an online broker that offers forex and CFD trading. They are based in Cyprus and are regulated by CySEC. This means that they are held to high standards of financial regulation.
So, is 10TradeFX a legit or scam forex broker? We would say that they are a legitimate broker. They are regulated by a reputable financial regulator and have been in business since 2014. We have not heard any reports of them being a scam broker.
The pros and cons of 10TradeFX
When it comes to online trading, there are a lot of different brokers to choose from. 10TradeFX is one such broker, offering its clients the ability to trade forex and CFDs. But is 10TradeFX legit or a scam? In this review, we’ll take a look at the pros and cons of this broker to help you decide if it’s the right choice for you.
PROS:
-Minimum deposit of just $100
-Generous leverage options up to 1:200
-Wide range of tradable assets including forex, indices, commodities, and more
-User-friendly trading platform suitable for both beginners and experienced traders alike
CONS:
-No demo account available
-Limited customer support options
10TradeFX review
When it comes to forex brokers, there are a lot of them out there. So, how do you know which one is the best for you? That’s where we come in. In this TradeFX review, we’ll take a look at everything this broker has to offer, from its trading platforms to its customer service. We’ll also give you our honest opinion on whether or not we think TradeFX is a legit broker.
So, let’s get started.
TradeFX is a forex broker that offers its clients two main types of trading platforms: the MetaTrader 4 (MT4) and the Webtrader platforms. Both of these platforms are popular among forex traders and offer a variety of features and tools.
The MetaTrader 4 platform is a desktop-based platform that offers advanced charting and analysis tools. It also allows you to use Expert Advisors (EAs), which are automated trading programs that can help you make trades based on your predetermined criteria.
The Webtrader platform, on the other hand, is a web-based platform that is more user-friendly and ideal for beginner traders. It doesn’t offer as many features as the MT4 platform, but it’s still a good option if you’re just starting out in forex trading.
In terms of customer service, TradeFX offers 24/5 live support via chat, email, and phone. We contacted their customer service team via chat and
Conclusion
Overall, we can say that 10TradeFX is a reliable and trustworthy forex broker. They are regulated by CySEC and have been in business since 2014. They offer a good selection of currency pairs, as well as CFDs on commodities, indices, and cryptocurrencies. The trading platform is user-friendly and there are plenty of helpful educational resources available on the website. With all of this considered, we believe that 10TradeFX is a great choice for both experienced and beginner traders alike.