TenTrade 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).


Pros and Cons
Is 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.



What Can I Trade on TenTrade?
TenTrade offers 40 Forex, Commodities, Indices, Shares, NTFS, and Energies.
Account Type & Fees
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.

Leverage
TenTrade offers flexible leverage from 1:1 to 1:500 for all account types. High leverage allows traders to diversify their portfolios more flexibly and try different trading strategies without having to invest a large amount of money.

Trading 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.
Deposit and Withdrawal
TenTrade supports a variety of payment methods, including Neteller, Skrill, local bank transfers, SWIFT wire transfers, Visa, and Mastercard.