Broker Review: 10CFDs
Licensing and Regulation
10CFDs abides by IFSC (International Financial Services Commission) regulations.
10CFDs has an established presence in the EU and Russian Federation, and is building a strong reputation among East Asian traders.
Account Management - Minimum Deposit
New traders at 10CFDs can open a Basic Account with just $250.
10CFDs meets the stringent regulatory conditions imposed by the IFSC and generally gets good feedback in investor forums and chat rooms. The broker’s online security is top notch and is comparable to major international banks.
10CFDs is a good solid online brokerage that offers competitive trading terms and an index of over 1000 assets, tradable as CFDs. Although not as big, or as well-known, as some of its competitors, 10CFDs is attracting and retaining a growing number of loyal clients around the world. The brokerage is clearly a contender and is confident that it can deliver a good service to independent traders and investors. The 10CFDs approach to trading is modern and forward thinking and this is reflected across their site.
Traders can switch easily between desktop, mobile and MT4 trading platforms and enjoy seamless trading. 10CFDs clearly understands the importance not only of investing in the latest technology, but in ensuring that it is glitch free. Their platforms easily meet trader expectations and offer a high degree of customization and flexibility.
Markets, Assets and Products
10CFDs doesn’t pretend to be a massive financial institution with a definitive asset index. It’s a working brokerage for private investors who want ready access to key assets as CFDs. There are currently over 1,000 global assets to choose from, including stocks, forex, indices, commodities and the latest cryptocurrencies.
10CFDs caters to traders of all experience levels and provides an above average education centre with enough resources to satisfy most needs. New traders can use the videos, eBooks, webinars and tutorials to build solid financial background knowledge and learn key skills. Experienced traders can explore new assets and develop specialist knowledge.
Customer Service and Support
Live support is available 24/6 and is multilingual. The support staff is well trained and helpful and seem to know their way around the trading platforms (unfortunately this is not the case with every online brokerage). Account management also seems to be well organised and effective. 10CFDs handles deposits and withdrawals as efficiently as any online banking service.
Traders are encouraged to use 10CFDs live feeds, as well as their news and analysis services. The markets data is up to date and directly relevant to CFD trading.
At a Glance
• 10CFDs is sufficiently well established to offer secure and cost effective trading. It invests in its technology and delivers a high quality trading experience with over 1,000 assets. The brokerage appears to comply entirely with IFSC regulation and there have been no major issues with unhappy traders that we are aware of. Customer service is above average and the broker’s attitude to trader education is good.
• 10CFDs doesn’t accept Canadian, Australian and American traders due to domestic regulatory issues.