10CFDs Review 2020
10CFDs is an online CFD broker and financial services provider that offers over 1,000 stocks, forex, commodities, and indices CFDs for trading. The broker gives traders instant access to the financial markets via desktop, smartphone, or other mobile devices. They offer competitive fixed spreads with a mark-up, no commissions, and negative balance protection to clients.
10CFDs Review 2020, Pros & Cons
- Multiple account types
- A wide range of trading tools
- A selection of educational resources
- Offshore regulation
- $250 minimum deposit
- Spread mark-ups
- No USA clients
In this detailed 10CFDs review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
10CFDs is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including 10CFDs.
10CFDs Review: Summary
10CFDs is an established CFD broker that is based in Belize and Estonia, offering flexible and customizable access to global financial markets. The broker offers traders the opportunity to trade multiple financial instruments across different asset classes, including forex, stocks, commodities, indices, and cryptocurrencies, through the provided award-winning trading platforms. The broker offers multiple account options with low fixed-cost spreads, while leverage of up to 1:200 is available. There is also a good selection of educational materials along with a range of useful trading tools on the broker’s website.
10CFDs Review: Regulation
10CFDs.com is a trading name of SPEED SOLUTIONS Ltd, which is registered in Belize and regulated by the International Financial Services Commission (IFSC), under authorization number 000287/100. The broker ensures that clients’ funds are 100% secure at any given time. That’s exactly why they distinguish their clients’ funds by segregating them in separate bank accounts, completely isolated from 10CFDs’ own money. Segregation of clients’ funds helps to protect them from full capital loss.
10CFDs Review: Countries
10CFDs allows traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. They cannot accept traders from the USA.
Some 10CFDs features and products mentioned within this 10CFDs review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
10CFDs Review: Trading Platforms
The broker provides clients with the state-of-the-art 10CFDs Platform, which combines innovation with sophistication to connect traders directly with the world’s top financial markets. The platform is available in the following versions:
The desktop version is available for Windows and Mac Computers. The desktop’s dashboard display features one-click order execution and is fully equipped with the latest trading tools. Your trading is made easier with live charts and real-time data feeds, as well as trading signals and the latest market news and analysis.
The 10CFDs mobile trading platforms downscale perfectly to smaller screens with no loss of functionality or performance. You can carry out full account management, including secure deposits and withdrawals. It is compatible with mobile devices running on Android and iOS, thus giving you all the freedom and flexibility you need to trade effectively on today’s financial markets anywhere, anytime.
10CFDs Review: Trading Tools
The broker provides traders with a vast array of useful and powerful trading tools, and they include the following:
Daily Analysis Video
Here, the broker’s account managers to analyze the most popular assets from the forex and cryptocurrency markets and teach traders how to take advantage of their price fluctuations on a daily basis.
The broker provides market news, which helps to keep traders in the know about the latest happenings in the financial markets.
The Economic Calendar covers important financial events and economic data releases from all over the world along with the impacts they had or are expected to have on the financial markets.
Fundamental and Technical Analysis
The Fundamental Analysis allows traders to get in-depth reports and updates on all the broker’s financial assets to help them better determine the possible market price direction, while the Technical Analysis helps to fine-tune market predictions with easy-to-read charts that cover all the financial assets’ past performances.
The broker provides traders with a range of financial calculators, which help to simplify traders’ decision-making process. They include the Pivot Points Tool, which accurately calculates pivot points forex, futures, commodities, stocks, and any other investment security that has a high, low and a close price during a specific trading session; the Deal Size Calculator, which is used for calculating the size of a position in units and lots for accurate risk management; and the Fibonacci Calculator, which is used to measure the market movement in each direction.
10CFDs Review: Education
The broker’s website has a good selection of educational resources, which are geared towards improving their clients’ trading skills and knowledge. They include Video Courses, E-Books, Webinars, and a Glossary of multiple trading terminologies with their detailed explanations. There is also a ‘Frequently Asked Questions’ section on the broker’s website, which gives instant answers to traders’ most common questions.
10CFDs Review: Trading Instruments
10CFDs offers CFD trading in over 1,000 financial instruments spread across different asset classes, including forex, stocks, commodities, indices, and cryptocurrencies.
10CFDs Review: Trading Accounts & Fees
The broker offers clients a variety of different account types to suit each trader’s trading styles and trading capital. Each one of the available 6 accounts is packed with tools to fit your trading needs and level of expertise. The trading account types include:
This is the broker’s entry level account type. It requires an initial minimum deposit of $250. Users get access to 24/6 support, education center, daily market review, price alerts, pro webinars, and daily analysis video.
The Basic Account requires an initial opening balance of $1,000 and gives 24/6 support, education center, daily market review, price alerts, pro webinars, daily analysis video, as well as a junior account manager.
With an initial required deposit of $5,000, the Silver Account is packed with a range of tools and educational resources. It has silver spreads and 24/6 customer support.
This is the broker’s flagship account. It requires an initial minimum balance of $10,000 and gives access to a range of trading tools and executive account manager whilst offering gold spreads and 24/6 customer support. Users also enjoy a personalized trading strategy.
This is a more advanced account that is best suited for professional traders who would want to invest higher amounts; it has a required minimum deposit of $25,000. The account gives traders access to a VIP account manager, personalized trading strategy, and a range of useful trading tools.
This is the broker’s highest account level. It is packed with a lot of exclusive features for exclusive clients. You can contact the broker for more details about this account type.
There is also the Swap-free Islamic Account. It has fixed spreads and complies with Sharia law. Demo accounts are also available for practice purposes; they come preloaded with virtual funds to aid risk-free trading. The demo account is recommended for beginner traders who wish to try out the broker’s platforms and test their trading strategies before opening a real trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this 10CFDs review. It is imperative to ensure that you check and understand all of the latest information before you open a 10CFDs broker account for online trading.
10CFDs Review: Customer Service
The broker provides traders with a professional customer support team that is available during working hours, between Sunday 22:00 GMT and Friday 22:00 GMT, to answer questions about the trading platforms or assist you with any other issue you may have. They can be reached via telephone, email, and online Live Chat. They are also available on social media: Twitter, Facebook, LinkedIn, and YouTube.
10CFDs Review: Deposit & Withdrawal
The broker accepts a wide range of secure and convenient payment, and they include:
- Credit/Debit Cards: 10CFDs accepts most major credit/debit cards. These include VISA, MASTERCARD, MAESTRO, and more. Deposits made via credit/debit card are immediately credited to your 10CFDs account. You will be able to trade with these funds within minutes.
- Bank transfer: Bank wire transfer allows the movement of funds from one bank account to another. Funds deposited by bank wire transfer will be credited to your 10CFDs account within 3-5 business days.
- Skrill: This is one of the most common and widely-used e-wallet services. It allows secure and convenient international money transfers. A deposit made via Skrill is immediately credited to your 10CFDs account. You will be able to begin trading within minutes.
- Western Union: Western Union is an international payment service, providing a convenient and secure money transfer solution across over 200 countries. Deposits made via Western Union are instantly credited to your 10CFDs account and are available for trading within minutes.
10CFDs Review: Account Opening
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
10CFDs Review: Conclusion
10CFDS is a trading broker and financial services provider that offers CFDs on over 1,000 stocks, forex, commodities, and indices for online trading via its intuitive trading platform that is available in desktop and mobile versions. The broker offers multiple account options with competitive spreads and leverage of up to 1:200 is available. There is also a good selection of educational materials, as well as a range of useful trading tools, on the broker’s website.
Investing in 10CFDs derivative financial products may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you can afford to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Trading CFDs and FX Contracts is highly speculative, involves significant risk of loss and is not suitable for all investors.