Corporate Profile
TenTrade Is A Seychelles-based Forex And Contracts For Difference (CFD) Broker Established In 2020 And Currently Regulated By The Seychelles Financial Services Authority (FSA). The Company Offers A Wide Range Of Trading Products, Including Forex, Energy Commodities, Indices, Stocks, Cryptocurrency CFDs, 24/7 Cryptocurrency Trading, And Non-fungible Tokens (NFTs), Among Others. TenTrade Offers Traders A Diverse Range Of Trading Tools And Features Through Its MetaTrader 5 (MT5) Trading Platform, While Offering Multiple Account Types To Suit The Needs And Preferences Of Different Traders.
TenTrade Has A Minimum Deposit Requirement Of 50 Dollars (depending On Account Type) And A Maximum Leverage Of 1:500 . Through Its TenAcademy Educational Resource Platform, The Broker Provides Traders With Comprehensive Trading Knowledge And Skills, Including Basic Trading Principles, Technical Analysis, Fundamental Analysis, Trading Psychology, And The Use Of The Trading Platform.
TenTrade Is Registered At Office 9A, CT Building, Providence, Mahe Province, Seychelles. This Location Indicates The Physical Presence Of The Broker.
Regulatory Information
TenTrade Currently Holds Two Operating Licenses:
- Seychelles Financial Services Authority (SFS) License : License Number SD040. However, It Is Worth Noting That The Regulatory Status Of This License Is Abnormal And Has Been Officially Revoked.
- Cyprus Securities And Exchange Commission (CYSEC) License : License Number 248/14. However, There Are Doubts That This License May Be Cloned Or Invalid.
Both Licenses Of TenTrade Are Offshore Regulated, Which Means That Its Operating Environment May Pose High Inherent Risks. Prospective Clients And Investors Should Exercise Caution And Gain In-depth Understanding Of Its Regulatory Issues And Associated Risks When Considering Trading Activities With TenTrade.
Trading Products
TenTrade Offers Traders A Diverse Range Of Trading Products, Including:
- Forex (Forex) : Offers Trading On Over 40 Currency Pairs With Small Spreads (from 0 Pips) And Leverage Up To 1:500.
- Energy Commodities : Includes Crude Oil, Brent Crude Oil And Natural Gas, Etc.
- Index : Covers Major Global Stock Indices, Such As The UK FTSE 100, Germany's DAX And Nikkei.
- Stocks : Offers The Opportunity To Trade Global Hot Stocks, Such As Apple (AAPL), Tesla (TSLA) And Amazon (AMZN).
- Cryptocurrency Contracts For Difference (CFD) : Offers CFD Trading Of Major Cryptocurrencies Such As Bitcoin (BTC), Ethereum (ETH).
- 24/7 Cryptocurrency Trading : Allows Traders To Trade Cryptocurrencies 24/7.
- Non-fungible Token (NFT) : Offers A Range Of NFT Trading Opportunities In Areas Such As Digital Art And Collectibles.
These Trading Products Allow Traders To Diversify Their Investments According To Market Needs And Their Own Strategies.
Trading Software
The Trading Software Of TenTrade Is MetaTrader 5 (MT5) . The Platform Is Known For Its Powerful Charting Tools, Technical Indicators, And Customizable Features. MT5 Supports A Variety Of Trading Strategies, Including Manual Trading, Automated Trading (via Expert Advisor EAs), And Social Trading. MT5's User-friendly Interface And Real-time Market Data Provide Traders With An Efficient Operating Experience.
Features Of MT5 Include:
- 150 + Technical Indicators And Graphical Tools
- Unlimited Number Of Orders And Trades
- Social Trading And Copy Trading Features
- Multiple Chart Types (e.g. Candlestick Charts, Line Charts, Bar Charts)
With The MT5 Platform, Traders Can Manage Their Trading Activities In A Comprehensive Environment.
Deposit And Withdrawal Methods
TenTrade Supports A Variety Of Deposit And Withdrawal Methods, Including:
- Credit/Debit Cards : Visa And Mastercard Are Supported, With A Minimum Deposit Amount Of 10 Dollars And A Maximum Of $10,000.
- Electronic Wallet : Supports Nganluong, Neteller And 4Cash, With A Minimum Transaction Limit Of $10 And A Maximum Of $10,000.
- Bank Transfer : Supports Sberbank, With A Minimum Deposit Amount Of $100 And No Maximum Limit.
TenTrade's Deposit Process Is Usually Fast, But The Specific Processing Time May Vary Depending On The Payment Method.
Customer Support
TenTrade's Customer Support Team Can Be Contacted By:
- Email : Send An Email To [email protected]. Social Media : Interact With The Official TenTrade Account On Facebook, Instagram And Twitter.
TenTrade's Support Office Is Located At Office 9A, CT Building, Providence, Mahe Province, Seychelles. Traders Can Seek Help Through The Above Channels When They Encounter Problems Or Have Questions.
Core Business And Services
TenTrade's Core Business Is To Provide Foreign Exchange And CFD Trading Services. Differentiating Advantages Include:
- Diverse Trading Products
- Flexible Account Types (Pro, ECN, Bonus)
- High Leverage (up To 1:500)
- Close Spreads (from 0.1 Pip)
- Commission-free Trading (some Account Types)
- Comprehensive Trading Education (TenAcademy)
- MetaTrader 5 (MT5) Trading Platform
Technical Infrastructure
TenTrade's Trading Technology Uses SSL (Secure) Socket Layer) Encryption To Ensure The Security Of Transactions And Private Information. The Technology Prevents Data Leakage And Fraudulent Activities.
In Addition, TenTrade Provides A Automated Risk Management System To Protect Traders' Account Balances From Negative Values. The System Is Particularly Useful In Times Of High Market Volatility, Helping To Reduce Traders' Risk Exposure.
Compliance And Risk Control System
TenTrade Emphasizes Compliance And Risk Management. Its Compliance Statement Includes:
- Separation Of Funds: Traders' Funds Are Held In Segregated Client Funds Trust Accounts At AA-rated Banks And Are Protected At The Highest Level.
- Automatic Risk Management: Prevents Negative Account Balances.
- Real-time Market Data: Ensures Traders Make Decisions Based On The Latest Information.
Nonetheless, TenTrade's Regulatory Issues (such As License Revocation And Suspected Cloning) Remain Latent Risks, And Traders Should Exercise Caution When Using Its Services.
Market Positioning And Competitive Advantage
TenTrade's Market Positioning Is Primarily For Retail Traders Seeking A Variety Of Trading Products And Flexible Trading Conditions. Competitive Advantages Include:
- Flexibility Of Spreads And Leverage (depending On Account Type)
- Extensive Functionality Of The MetaTrader 5 (MT5) Platform
- Multiple Payment Methods
- Comprehensive Trading Education Resources
- Fundamentals Of Forex Trading
- Technical Analysis And Fundamental Analysis
- Trading Psychology
- Use Of The MetaTrader 5 (MT5) Platform
- ATI Training Partners : TenAcademy's Educational Resource Library Is ATI-certified.
- Expanding The Variety Of Trading Products
- Optimizing Customer Support And Educational Resources
- Enhancing Platform Functionality
However, TenTrade's Regulatory Issues Could Negatively Impact Its Market Credibility.
Customer Support And Empowerment
TenTrade Provides Traders With Comprehensive Trading Knowledge Through Its TenAcademy Educational Resource Platform. Topics Covered By TenAcademy Include:
In Addition, TenTrade Provides Ongoing Educational Resources For Traders Through Webinars, Articles, Videos, And Podcasts.
Social Responsibility And ESG
TenTrade's Information On Social Responsibility And ESG (Environmental, Social, And Governance) Has Not Been Explicitly Disclosed.
Strategic Partnership Ecosystem
TenTrade's Partners Include:
Additionally, TenTrade Interacts With Traders Through Its Social Media Channels, But Does Not Disclose Other Strategic Partnerships.
Financial Health
TenTrade's Financial Health Information Has Not Been Publicly Disclosed.
Future Roadmap
TenTrade's Future Roadmap Has Not Been Disclosed In Detail, But It Can Be Expected To Work On:
However, TenTrade's Regulatory Issues May Pose Challenges To Its Future Development.
