Forex TenTrade Broker Review

Performance Matrix

Main Score & Risk Matrix

#987

Score

5.5

Average

TenTrade is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 5.7

Business 5.0

Risk Control 5.3

Software 6.0

Regulatory 5.5

Terminal Snapshot

TenTrade Trading Conditions

Registered Region Seychelles

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@tentrade.com

Contact Number N/A

Website tentrade.com

Balanced Review

Pros & Cons

Pros

Regulated by Seychelles Financial Services Authority (FSA)
Diverse range of trading instruments including Forex, commodities, indices, and cryptocurrencies
Supports MetaTrader 5 platform with advanced trading tools
Offers educational resources to enhance trading skills
Efficient customer support available 24/5 through multiple channels

Cons

Regulatory oversight from Seychelles FSA may be considered less stringent
Limited to MetaTrader 5 platform without alternative options
Customer support available only during weekdays
Withdrawal requests may face delays or complications
Mixed user reviews indicate potential issues with overall satisfaction

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	TenTrade	ZFX	WisunoFX	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Seychelles	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	5.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does TenTrade Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Retail Account	Beginners and experienced traders	Accessible with low minimum deposit; standard spreads	Suitable for small-capital trading
Professional Account	Experienced traders	Low spreads, high leverage	Requires minimum trading volume qualifications
Corporate Account	Corporate clients	Customized services and support	Requires corporate documentation
Islamic Account	Traders seeking swap-free options	Compliant with Islamic finance principles	Available upon request
Demo Account	All types of traders	Practice trading without risk	Ideal for testing strategies and the platform

Account Opening Process

To open an account with TenTrade, clients must submit personal, employment, and financial information. This includes verification of identity through documents such as a government-issued ID and proof of address. The process is designed to ensure compliance with regulatory standards. Additionally, TenTrade offers account flexibility, allowing clients to upgrade to a professional account later if their trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	Varies	Tight spreads for major pairs
Forex (Minor Pairs)	Varies	Varies	Spreads may be wider
CFDs (Stocks)	Varies	Varies	Dependent on the underlying asset
CFDs (Indices)	Varies	Varies	Spreads may vary by index
CFDs (Commodities)	Varies	Varies	Includes popular commodities like gold and oil
Cryptocurrencies	Varies	Varies	Dependent on market conditions

Other Fees

In addition to trading fees, TenTrade may apply fees for deposits and withdrawals, which can vary based on the chosen payment method. Inactivity fees may also apply if an account remains dormant for an extended period. Platform usage fees, if applicable, would be specified in the account terms. Additionally, traders should be aware of potential overnight interest (swap rates) for positions held overnight, as well as currency conversion fees for transactions involving multiple currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

TenTrade is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

TenTrade User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Arman Ali

10 - 14

★ ★ ★ ★ ★

I started trading with TenTrade with a balance of $1,200. Everything seemed fine until I tried to withdraw my funds. My withdrawal request was denied, and soon after, the withdrawal option vanished from my account. Despite providing proof of my trades, I received no help from customer support. This experience raises serious concerns about their transparency and reliability.

Linex

2024 - 07 - 22

★ ★ ★ ★ ★

TenTrade has been a solid choice for me. They offer a low minimum deposit, and the variety of account types makes it accessible for different traders. I appreciate the responsive customer support and the overall trading experience has been quite good for me.

Jay Wang

2024 - 08 - 15

★ ★ ★ ★ ★

My experience with TenTrade has been nothing short of a nightmare. After making a profit, my account was suddenly closed without warning, and I lost access to my funds. Attempts to contact support have been futile. I strongly advise against using this platform.

T-Boy 8719

09 - 05

★ ★ ★ ★ ★

I have had a great experience with TenTrade! The trading platform is user-friendly and very responsive. I find their services reliable and would recommend them to anyone looking for a solid broker.

Seychelles Market