Online Broker Review of 10Markets
10Markets is a recently established online trading platform which supplies trading services for a range of instruments including opportunities to invest in indices, Forex, CFDs and binary options. Regulated by the Vanuatu Financial Services Commission, this broker offers investors a complete trading environment with an impressive selection of assets, platforms, trading options and markets in order to cater for the needs of various types of trader from the novice to the professional. With more than 200 assets to choose from, 10Markets is becoming a more popular choice despite its relatively recent arrival on the financial market.
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10Markets Trading Platform Options
10Markets are aware of the need for accessibility when it comes to supplying a modern trading platform that is efficient, user friendly and, above all, reliable. To that end, they have several different options available to suit the needs of all kinds of investors, whether they prefer to use their home PC or their smartphone to execute trades while on the move. The various available platforms include:
MetaTrader 4 (MT4)
This is one of the most popular and user friendly platforms across the financial services industry and has been adopted by many of the top brokers in the business. Allowing traders to trade across all the primary currency pairs and offering a leverage ratio of 1:200, this platform is fully equipped with a wealth of impressive technical tools as well as advanced charting capabilities to facilitate easy and successful trading. This platform can also be customised for automation thanks to the EAs (or Expert Advisors) to allow investors to maximise their trading potential.
For those traders who like to check their accounts while on the go, the 10Markets WebTrader software offers a convenient platform from which the investor can access the market without the requirement to download memory intensive software.
Mobile FX App
10Markets is aware that increasing numbers of traders have the need to access their accounts and to execute trades while away from their home PC. To that end, this broker has provided a convenient mobile FX app which is suitable for both iOS and Android use and which can be downloaded for free. This trading app can be used from a tablet, smartphone or other mobile device and allows investors to keep in contact with the Forex market at any time or place.
Binary Web App
This operator also offers a binary web app which enables to trade binary options via the 10Markets web platform when using a mobile device such as a smartphone or tablet. Thanks to the shared wallet option, it is even possible to use the Webtrader and MT4 platform simultaneously.
Binary Mobile App
For investors with a particular interest in binary options, this convenient mobile app allows constant access to the market in real time with an impressive trading experience that is accessible from any smartphone or mobile device.
Which Account Types Does 10Markets Offer?
Like all of the best brokers, 10Markets offers its clients a range of account types in order to cater for the varying needs of different types of trader, from the novice to the professional. There are five different possibilities to choose from including:
Requiring a minimum deposit of $250 this account suits the needs of fledgling investors and gives access to CFD and Forex trading. Clients benefit from research sent via email and a daily market overview as well as access to the broker’s twice daily webinar.
Requiring a minimum deposit of $2500, this account is suited to more experienced traders and gives all of the benefits of the Bronze account together with personal assistance for the first 2 weeks from a dedicated portfolio manager and a month of free access to signals on demand via trading central.
Requiring a minimum deposit of $5,000, this account is ideal for someone with a high level of investment experience and offers all of the benefits of the other two accounts with an extra advantage of a month of free access to one to one trading sessions with a trading specialist.
Requiring a minimum deposit of $10,000, this account is ideal for some of the most experienced traders and offers a host of impressive benefits including unlimited assistance from a dedicated portfolio manager, unlimited access to signals on demand, 2 months of free one to one trading sessions with a specialist, priority scheduling for analyst one to one sessions, priority expedited withdrawals and access to sessions with the broker’s chief analyst.
Requiring a minimum deposit of $25,000, this top level account offers all of the multiple benefits of the Premium account together with priority use of the Tradency Forex trading algorithms and exclusive access to spread discounts and Variable Forex spreads.
Potential investors can also try out the 10Markets’ trading platform for free before making their final decision by opening a free demonstration account.
Customer Support Offered by 10Markets
10Markets is keen to tailor their service to meet the needs of customers for whom English is not their first language, also offering their site in the German language. Customer service is also very important to this broker, and several different contact methods are available via which the support team can be contacted. Customer advisors are available 24 hours a day, 7 days a week for the user’s convenience and contact can be made through either the online web contact form which can be accessed from the website, the provided email address and several supplied localised telephone numbers. There is also a helpful online live chat service via the website which is an excellent way to get immediate assistance and to get an instant response to any queries. 10Markets also has a helpful education section on their website which helps novice traders to gain a foothold in the market and also helps more experienced investors to hone their skills. From the FAQs section to the live webinars and video tutorials, it is possible to get helpful advice from this site.
Which Banking Methods Does 10Markets Offer?
Security is always an important consideration when choosing a broker, and 10Markets takes great care of its clients’ personal and financial details, encrypting all information with SSL and processing all transactions through PCI compliant servers. They have also provided a good choice of banking options for deposits and withdrawals to accommodate those who prefer both modern and traditional banking methods. Options include:
- Credit Cards such as MasterCard and Visa
- Bank wire transfers
Accounts can be opened in either US Dollars, Euros or British Pound Sterling. 10Markets has plenty to offer investors thanks to its good choice of assets, its impressive range of account types and excellent range of banking methods. Its high level of customer service also makes this broker stand out from the crowd.