TenTrade Company

Tentrade Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Tentrade Company was founded in 2021, emerging as a player in the online trading industry. The company operates primarily in the realm of contract for difference (CFD) trading, catering to a wide array of financial markets, including forex, stocks, commodities, and cryptocurrencies.

Parent Company/Ownership Structure

Tentrade is owned and operated by Evalanch Ltd, which is responsible for the companys regulatory compliance and operational management. This ownership structure allows for a focused approach to brokerage services while ensuring adherence to financial regulations.

Headquarters Location

The headquarters of Tentrade is located in Mahe, Seychelles. This location is strategic for the company as it allows access to various international markets while benefiting from a favorable regulatory environment.

Global Business Scope

Tentrade has established a global presence, offering its services to traders across multiple regions. However, it is important to note that the broker does not accept clients from certain jurisdictions, including the United States and the European Union.

Main Regulatory Bodies

Tentrade is regulated by the Financial Services Authority (FSA) of Seychelles. While this regulatory oversight provides a level of security for traders, it is considered less stringent compared to tier-1 regulatory bodies like the FCA in the UK or ASIC in Australia.

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2. Company History and Development

Key Milestones

Since its inception in 2021, Tentrade has achieved several key milestones, including the launch of its proprietary trading platform and the introduction of various trading account types to cater to different trader needs.

Business Expansion Journey

Tentrade has focused on expanding its service offerings, including the addition of educational resources through its Ten Academy, which provides traders with tools and knowledge to enhance their trading skills. The company has also expanded its asset classes to include NFTs and commodities.

Customer Base Growth

The company has seen a steady increase in its customer base, attributed to its competitive trading conditions, low minimum deposit requirements, and educational resources. As of 2023, Tentrade serves thousands of clients globally, with a focus on emerging markets.

Platform Development History

The trading platform, MetaTrader 5 (MT5), has been a cornerstone of Tentrades service offering. The broker has continually updated its platform to include advanced trading features, analytical tools, and user-friendly interfaces that enhance the trading experience.

Important Awards or Recognitions Received

While Tentrade is still relatively new in the industry, it has received positive feedback from traders for its customer support and educational offerings. However, it has yet to receive any industry-specific awards.

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3. Trading Services Offered

Forex Trading Options

Tentrade provides access to a diverse range of forex trading options, offering over 40 currency pairs. This includes major pairs such as EUR/USD, GBP/USD, and USD/JPY, allowing traders to capitalize on global currency fluctuations.

Stock Trading Options

The broker allows trading in a variety of stocks through CFDs, enabling clients to speculate on price movements without owning the underlying assets. Notable companies available for trading include tech giants like Apple, Microsoft, and Amazon.

CFD Trading Products

Tentrade specializes in CFD trading, which allows traders to engage in various markets without the need to own the underlying assets. This includes indices, commodities, and cryptocurrencies, providing a comprehensive trading experience.

Other Financial Instruments

In addition to traditional assets, Tentrade offers trading in cryptocurrencies (such as Bitcoin and Ethereum) and commodities (including crude oil and gold). This variety allows traders to diversify their portfolios effectively.

Special Services or Unique Advantages

One of Tentrades standout features is its proprietary copy trading service, which allows less experienced traders to follow and replicate the trades of successful investors. Additionally, the Ten Academy provides extensive educational resources, making trading more accessible to beginners.

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4. Regulatory and Legal Background

Detailed Regulatory Information

Tentrade is regulated by the Financial Services Authority (FSA) of Seychelles. However, it is important to note that this regulatory body is classified as tier-3, which may offer limited investor protection compared to more stringent regulatory frameworks.

Legal Entity Structure by Region

The company operates under Evalanch Ltd in Seychelles and has established appropriate legal structures to comply with local laws. However, it does not serve clients from the EU or the USA due to regulatory restrictions.

Client Fund Protection Measures

Tentrade implements measures such as negative balance protection, ensuring that clients cannot lose more money than they have deposited. However, the absence of participation in investor compensation schemes may pose risks for clients.

Countries/Regions Served

Tentrade serves a global clientele, focusing on regions with less stringent regulatory requirements. However, residents of the EU and the USA are restricted from opening accounts with Tentrade.

Compliance History

Tentrade has maintained a clean compliance record since its establishment. However, potential clients are advised to conduct thorough research and consider the regulatory environment before engaging with the broker.

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5. Competitive Landscape

3-5 Main Competitors

Tentrade faces competition from several established brokers, including:

• Eightcap: Known for its diverse trading platforms and competitive spreads.
• XM Group: Offers a wide range of trading instruments and robust customer support.
• IC Markets: Renowned for its low latency and tight spreads.

Positioning in the Industry

Tentrade positions itself as a moderate-risk broker with a focus on educational resources and competitive trading conditions. Its unique offerings, such as the Ten Academy and copy trading, help differentiate it from competitors.

Market Differentiation Factors

Key differentiators for Tentrade include:

• A low minimum deposit requirement of $25, making it accessible for novice traders.
• A comprehensive educational platform (Ten Academy) that provides resources for traders of all skill levels.
• A proprietary copy trading service that allows clients to leverage the expertise of experienced traders.

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In conclusion, Tentrade Company has established itself as a notable player in the online trading industry, providing a diverse range of trading services and educational resources. While it operates under a less stringent regulatory framework, its competitive offerings and focus on customer education position it well in the market. As with any financial service provider, potential clients should conduct thorough research and consider their individual trading needs and risk tolerance before engaging with Tentrade.

For more detailed information about Tentrade, including current promotions and specific trading conditions, please visit their official website here.