Binary trading has made it possible for people all over the world to earn money just by using their intelligence and investing experience. Binary options are fairly simple to understand. You essentially place a bet on whether you think an asset (such as a stock, commodity, or currency) will exceed a certain value within a given time. If the value does not exceed the determined amount, then you don't make any money. If it reaches the amount, but does not exceed it, then you get your money back. If you correctly predict the value's trajectory, then you earn money.
While this is a fairly simple type of investment, it takes some experience to really make it work for you. The trading platform that you use can also affect how much money you make. That's why it's important for everyone to review their options before funding investment accounts.
There are hundreds of online traders available for your use. 10Trade is a recent addition. Despite its youth, I think it's one of the better platforms that I've used.
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10Trade.com is an online binary trader owned by Holiway Investment Ltd. The company has only been around since 2014, but it has earned a reputation for high payouts, strong customer services, and great security features.
Top Features of 10Trade.com
10Trade.com has plenty of features that make it a useful trading platform. If you don't have a lot of experience with binary trading, then you will want to take advantage lessons offered in 10Trade.com's education center. The courses are grouped into beginning and advanced subjects, so you won't waste your time covering materials that are either to basic or beyond your grasp.
Courses for beginners include:
- The World of Global Trading - a basic review of binary trading and how you can use it to make money
- Binary Options Advantages - an explanation of binary trading's advantages
- Trading is an Artform - a deep dive into how traders can become more successful
- Chance and Risk - a basic review of how you can balance chance and risk to make money
- Distributing Risks - an explanation of risk distribution that will help you make smarter decisions while seeing the differences between failed and successful investment options
Advanced courses include:
- Market Analysis Types - a breakdown of the two basic types of market analysis
- Support and Resistance - a definition of support and resistance, plus an explanation of how you can use them to become a more successful trader
- Trend - an explanation of trends and how you can use them to make money through 10Trade.com's binary trading platform
- Shooting Star, Harami Patterns - an explanation of Harami Patterns and how you can recognize them
- Engulfing+, Downside Gap Three - an explanation of and tips for spotting Engulfing+ and Downside Gap patterns
Web-based Trading Platform
10Trade.com uses a web-based trading platform that makes it easy for you to access your account from practically any location. If you have an Internet connection, then you can sign in and start trading.
The platform lets you take advantage of several trading options. Some of the most popular trading options include:
- Binary Options
- Long Term
- Sixty Seconds
- One Touch
If you already have experience trading online, then you probably know which approach is best for you. If you're new to online trading, then you will want to spend some time exploring these options to help you decide which one matches your skills and interests best.
The trading platform lets you invest in several types of assets, including:
Again, you can use this to your advantage by choosing the assets that you know the most about. If you are a newcomer, then you will want to use the education center to better understand the strengths and weaknesses of these asset groups.
Overall, 10Trade.com has more than 150 trading assets. You won't use them all, at least at first. If you're an adventurous trader, though, you will eventually find time to review each option to decide whether you can use them to your advantage.
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10Trade.com Account Packages and Costs
10Trade.com offers five account packages to meet the diverse needs of binary traders. Look over these options to help you decide which package is right for you.
Welcome Account Package
This introductory account package requires a 500 Euro deposit. When you open the account, you get a 20% bonus. Other features include:
- 10Trade.com platform tutorial
- Daily market reviews to keep you informed of trends
- Digital online ebook to give you a good foundation in binary trading
Bronze Account Package
The Bronze account package requires a minimum 1,000 Euro deposit. This level gives you a 30% bonus on your initial deposit. You get the same features from the Welcome package as well as one trading strategy and access to Introduction to Market Analysis, which should help you better understand market trends and how you can benefit from them.
Silver Account Package
The Silver account package requires a 2,500 Euro deposit, but you get a 40% bonus when you open your account. Other than the higher bonus, it is the same as the Bonze account.
Gold Account Package
This is 10Trade.com's recommended account package. A 5,000 Euro deposit gives you a 50% bonus and all of the features included in the Bronze and Silver account packages. If you choose this option, you will also get weekly market recommendations from experts who have made their careers evaluating market trends and helping investors make the most of their money.
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Platinum Account Package
The Platinum account package comes with a wealth of extra features that should make you a top trader. This account requires a 10,000 Euro deposit, so it's reserved for people who have already learned how to make money with binary trading. Still, you get all of the features included in the Gold account package. Plus, you get daily market recommendations, money management training, and express withdrawals that let you access your money within 24 hours. If you're serious about binary trading, this is probably the best option for you.
Criticism of 10Trade.com
There aren't many negative things to say about 10Trade.com. It is a little annoying that you only can only use express withdrawals if you have enough money to open a Gold account. Regulatory restrictions also prevent the site from accepting U.S. trader. Those are pretty tame complaints, though. The pros significantly outweigh the cons.
10Trade.com Customer Support
Live Chat is the easiest way to talk to 10Trade.com's customer support team. The company also has local phone numbers all over the world. This makes it easier for members to talk to customer support reps who speak the right language. It also helps prevent long distance and international calling fees.
FAQ About 10Trade.com
Q: Do I have to download software to use 10Trade's platform?
A: No, downloads are not necessary since 10Trade uses a web-based trading platform. You may want to download an app, though, if you want to access your account through a mobile device.
Q: How can I fund my 10Trade.com account?
A: A credit card is the easiest way for most people to fund their 10Trade.com accounts. You can also use a debit card or wire transfer. You can also use several third-party payment providers like Skrill and MoneyBookers. Visit the site to view a list of third-party payment providers currently accepted by 10Trade.com.
Q: What do I need to open an account with 10Trade.com?
A: 10Trade.com asks for the same documents as other responsible traders. You will need a valid photo ID, such as a passport or driver's license. You will also need proof of your address. A utility bill in your name will suffice. If you plan to fund your account with a credit card, then you will need a photocopy of the card's front and back. This helps prevent identity theft and fraud.
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Pros of Using 10Trade.com
Cons of Using 10Trade.com
- Plenty of account options
- Fully licensed by CySEC (Cyprus Securities and Exchange Commission)
- Over 150 assets
- Strong educational features for beginning and advanced traders
- Accepts wide range of payment options
- Bonuses for all types of account packages
- Doesn't accept members from the United States
- You will need a high-level account if you want same-day withdrawals
With so many online trading platforms, it's often difficult for people to decide which options they want to use. 10Trade.com is one of my recent favorites. To make the most of 10Trade.com, though, you will need to open a Gold account. It's not cheap, but it comes with a heft bonus and plenty of educational materials that will make you a more successful trader.
10Trade.com has a lot of educational resources that make it great for beginners. I've been trading for a few years, though, and even I think that the site offers stellar opportunities. It's worth checking out no matter how much experience you have