TenTrade Forex Broker

TenTradeReview SummaryFounded2010Registered Country/RegionSeychellesRegulationFSA (offshore, suspicious clone), CYSEC (suspicious clone)Market InstrumentsForex, Commodities, Indices, Shares, NTFS, and EnergiesDemo Account/LeverageUp to 1:500SpreadPro Account: From 1.2 pipsECN Account: From 0 pipsBonus Account: From 1.8 pipsTrading PlatformMT5Minimum Deposit$100Customer SupportEmail: support@tentrade.comSocial Media: Facebook, LinkedIn, Instagram, Twitter, YouTube, TikTok, Telegram, DiscordAddress: CT House, Office No. 9A, Providence, Mahe, Seychelles.Live ChatRegional RestrictionThe United StatesTenTrade Information TenTrade is a Seychelles-based forex and CFD broker founded in 2010 and licensed by the Seychelles Financial Services Authority (FSA) with a retail forex license (SD082). TenTrade offers three account types (PRO, ECN, BONUS), supports MT5 platform trading, covers a wide range of assets such as forex, commodities, indices, and provides flexible leverage up to 1:500. However, it has been flagged as suspicious clone by the Cyprus Stock Exchange (CySEC) and other authorities and is subject to regulatory controversy, requiring customers to carefully evaluate its legality and risks.Pros & ConsProsCons24/7 availableOffshore regulation risksVarious payment methodsSuspicious clone licensesMultiple customer supportRegional restrictionsMT5 availableLive chat supportIs TenTrade Legit? TenTrade is offshore regulated by the Seychelles Financial Services Authority (FSA) under the entity Evalanch Ltd, holding a Retail Forex License (SD082). The company operates within the regulatory framework provided by the Seychelles FSA, which is known for its offshore jurisdiction. However, it has been identified as a suspicious clone by the Cyprus Securities and Exchange Commission (CySEC) and the FSA under other entities. It is important to note that regulatory standards can vary, and clients are encouraged to conduct thorough due diligence to ensure their trading activities align with their expectations and requirements.Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberThe Seychelles Financial Services AuthorityOffshore RegulatedEvalanch LtdRetail Forex LicenseSD082Cyprus Securities and Exchange CommissionSuspicious CloneHoliway Investments LtdStraight Through Processing (STP)248/14The Seychelles Financial Services AuthoritySuspicious CloneMilton Global LtdRetail Forex LicenseSD040What Can I Trade on TenTrade? TenTrade offers 40 Forex, Commodities, Indices, Shares, NTFS, and Energies.Trading AssetAvailableForex✔Commodities✔Indices✔Stocks /Shares✔NTFs✔Energies✔Bonds❌Cryptocurrencies❌Options❌Mutual Funds❌Account Types TenTrade offers three types of live accounts: PRO, ECN, and BONUS. PRO Account: Suitable for beginner traders, with a minimum deposit of $100, spreads from 1.2 pips, no commissions, support for STP mode, and flexible leverage (up to 1:500). ECN Account: Designed for professional traders, with a minimum deposit of $300, raw spreads (from 0 pips) are available, but a commission of $3.5/lot is charged per trade, STP and high leverage are also supported. BONUS Account: The lowest threshold, only $50 to open an account, spreads from 1.8 pips, no commissions, suitable for beginners with less capital, and who want to experience trading.Account TypeLeverageMinimum DepositSpreadCommissionCurrencies SupportedPROUp to 1:500$100From 1.2 pips$0USD, EUR, GBPECNUp to 1:500$300From 0 pips$3.5/lot per sideUSD, EUR, GBPBONUSUp to 1:500$50From 1.8 pips$0USD, EUR, GBPLeverage TenTrade offers flexible leverage from 1:1 to 1:500. High leverage allows traders to diversify their portfolios more flexibly and try different trading strategies without having to invest a large amount of money.Fees Commissions: Both the Pro account and Bonus account have zero commissions, while the ECN account charges a commission of $3.5 per lot per side. Spreads: The Pro account has spreads starting from 1.2 pips, the ECN account offers raw spreads starting from 0 pips, and the Bonus account has spreads starting from 1.8 pips, catering to users with different trading needs. Minimum Deposit: $100Trading Platform TenTrade offers the MT5 platform. MetaTrader 5 (MT5) is a multi-asset trading platform launched by MetaQuotes that allows trading Forex, Stocks, and Futures.Trading PlatformSupported Available Devices Suitable for MT5✔Desktop, Mobile, WebExperienced tradersMT4❌/BeginnersDeposit and Withdrawal The client supports a variety of payment methods, including Neteller, Skrill, local bank transfers, SWIFT wire transfers, Visa, and Mastercard, to accommodate the payment needs of different customers.