The internet has brought the opportunity of becoming a professional trader at your doorstep. Today, you can trade some of the most valuable assets of the world from the comfort of your bedroom. You don’t have to go to anyone or even make calls to brokers. Of course, you still have to get in touch with a broker in order for you to start trading live in the financial markets. The best thing is that there are hundreds of brokers to pick from. Some have been around for several years, and that’s a huge advantage for them to convince traders to sign up with them.
However, there are some brokers that are relatively new but they have proven to be even better than the old ones. 10-Capital is just one of those brokers. Is 10-Capital really that good? Can you choose this broker to be your next trading platform? Let’s dive into this detailed review to know.
An Overview of 10-Capital
Just like any other broker on the market, 10-Capital gives you access to many financial markets for you to trade assets. You can trade many different types of assets while using the trading platform of 10-Capital. The tradable assets available for you include indices, commodities, stocks, currencies, and cryptocurrencies. The most important thing you have to understand here is that you will be trading CFDs while using the 10-Capital trading platform. CFDs is short for Contracts for Difference i.e. these are contracts of the assets, not the assets themselves. In simple words, you don’t own the asset when you purchase it or sell an asset when you sell it. You just buy or sell the contract.
10-Capital’s job here is to provide you with a fast, secure, and user-friendly platform for your trades. In addition to that, it has to help new traders learn the art of trading before they start putting their money on the line. Of course, anyone who wants to trade has to open an account first by choosing from the many different account types. As you continue to read this review, you will find out about the quality of all these aspects of 10-Capital’s service.
Your Trading Career with 10-Capital
The first thing you have to see in a broker is the number of assets it makes available to you. The more assets you have available for trading, the more you will feel the freedom. You should not be pushed to trade a particular set of assets. There is benefit for new and old traders in having a lot of assets. For old traders, it gives them the perfect opportunity to diversify their portfolio. On the other hand, new traders have a lot of options available so they can pick an easy asset that does not have too much volatility. Keep in mind that too much volatility can be an overkill for a new trader.
You can trade indices from many financial markets of the world. You can trade DAX, Dubai, ASX200, FTSE, NASDAQ, and many other popular indices. When it comes to stocks, you can trade the stocks of some of the most well-known companies of the world including big tech companies like Google, Microsoft, Apple, Facebook. You also have some of the most valuable commodities available for you to trade. From metals such as silver, gold, palladium, copper, and platinum to perishable goods like wheat and corn, everything is available on the 10-Capital platform. You can also trade natural gas and oil, making 10-Capital one of the best brokers on the internet for you.
One of the most important part of any trading platform is the ability for the trader to trade currencies. You can trade a variety of currency types on this platform and pick from the major and minor currency pairs. You should know at this point that major currency pairs are perfect for new traders who want to be on the safe side with their initial trades. These currencies are stable and thus offer very little risk to the new traders. On the other hand, old and experienced traders can go with minor currency pairs as well. One of the characteristics of minor currency pairs is that they are very volatile. However, experienced traders do not have any issues with volatility. In fact, they can make a lot of money from volatility with knowledge and strategy.
Safety of Information and Funds
Before you even go ahead and start trading with a broker, you have to be sure that they are offering you some good security. When you talk about security, it includes two important things: your information and funds. Your information includes your personal information and banking details that you have to submit in order to fund your account. There might be other personal information that the broker might ask you to submit when you are opening your account. With 10-Capital, you can have the peace of mind because the broker has 256-bit encryption for your information so no third party can access it without authorization.
The other important thing is the money you deposit in your account. You want to make sure that the broker is a legal entity before you agree to put funds in your account. Depending on the type of account you choose, you might have to put a lot of money in your account. You don’t have to worry about your funds when opening your account with 10-Capital because it is a regulated broker. In addition to regulation, the broker pays full attention to the highest industry standards to guard the money you deposit in your account. You can rest assured that the amount you deposit in your account is going in safe hands.
Account Opening with 10-Capital
Account opening is an important part of any trader’s career with a broker. When opening your account, you expect a lot of things from the broker. Not all brokers offer the same opportunities and luxuries to you. You will be glad to open your account with 10-Capital because of the number of options you have available. There are multiple types of accounts you can choose from and each account is designed for a different type of trader. Whether you have just stepped in the world of trading or have been doing it for many years, you will find an account that meets your specific requirements.
The most basic account type you can choose requires you to deposit only $500 in your account to open it. It might not be the smallest deposit required by a broker but it is definitely manageable by even the new traders. Once you have deposited this amount, you have unlimited access to advanced and basic charts. These charts help you know all the information about the market trends. The other account types are for more trained traders who understand the basics of trading. As you move from the basic to the advanced account types, the minimum account that needs to be deposited in the account increases.
The best thing is that you have trading alerts available irrespective of the account type you choose. However, when it comes to education, you can access the educational material only partly with the basic accounts. You should not be disappointed here because even this partial access includes all the necessary education that you will need to trade as a new trader. An important thing you get with 10-Capital is access to signals. Signals are the indicators from the broker to help you with your trades. Signals tell you whether you should buy or sell a particular asset.
With basic accounts, you get only a few signals in a day. However, you can get unlimited signals during the day if you pick the most expensive and advanced account type. A junior account manager is there to help you with trading and anything that related to your account. You also have a senior account manager to help you with your account if you go with an advanced one. Trading alerts can be received on SMS as well. Once again, you will have to sign up with an advanced account to receive the alerts on your phone.
The most discussed thing in traders is the leverage available from the broker. There is leverage available for all types of traders from 10-Capital. It does not matter whether you pick the most advanced account or the most basic one, you will receive some leverage from the broker so you are able to control big trades. In short, you can enjoy a lot of benefits and privileges regardless of the account type you choose. Your trading experience will still be complete if you pick the most basic account type.
Withdrawals and Deposits in Your 10-Capital Account
One of the most important things that traders have to deal with when they sign up with an online broker is deposits and withdrawals. As a trader, you want to make sure that your deposits and withdrawals are safe. In addition to that, you want to see these processes in their simplest forms. You are going to love the fact that 10-Capital takes care of your deposits and withdrawals in every way possible. For example, you don’t have to pay any withdrawal and deposit fees in most cases because the broker takes care of them for you. You can also use one of the many different methods available of depositing funds in your account or withdrawing them.
The first option that traders always look for is the debit and credit card option. You can deposit your money safely using either debit or credit card, and it also happens to be one of the fastest methods of depositing funds in your account. You can also use the bank wire transfer, which happens to be one of the safest methods out there. Electronic payment methods can also be used for funding the account on an instant basis. In short, you can choose the method that you are most comfortable with and you will not have to pay the deposit fees in most cases. The minimum deposit you have to make can change based on the deposit method.
Just like depositing funds in your account it is easy to withdraw them too. You can withdraw funds from your account using the same methods that you have used for depositing. Once again, you will not have to pay any unnecessary fees on your withdrawals. There are certain timeframes associated with the duration it will take for each payment time to process. Make sure you read the terms and conditions carefully before you open your account with the broker. All in all, you get all the safest and the fastest methods of deposits and withdrawals, and that’s what makes 10-Capital one of the best brokers out there.
The Trading Platform from 10-Capital
Of course, the most important thing in creating an impression of the broker is the trading platform that you are going to use. It is the trading platform that shows how well the broker keeps its promises. In some cases, brokers promise a lot of things but the trading platform is slow and not user-friendly, which causes traders to lose trust in other brokers as well. You will not be disappointed from the way the trading platform at 10-Capital works. This trading platform has been designed with traders in mind. You will not have to wait for months to learn the platform. It is user-friendly, and runs smoothly so there are no delays when you are executing your trades.
It is amazing how technology has made trading so easy for every trader today. Whether you are looking to trade major currency pairs in the market or CFDs on your favorite stocks, you can do it all from the same platform. You don’t have to switch your platforms just because you want to change the asset that you want to trade. Not to mention, all the indicators, charts, and other tools that can help you with trading are there available for you on your trading platform. You can even take advantage of the many tools that help you minimize the risk before you enter into a trade.
Trader preferences have changed quite a bit with time. A little more than 10 years ago, brokers had to make sure they had the best platform for their traders who were mostly using the platform on their computers. However, desktop computers are more like a thing of the past if you talk about today’s world. Today, traders want their trading platform to travel with them wherever they go. This is why they demand the platform to be available on tablets, laptops, and smartphones. 10-Capital has made sure to give its traders the smoothest trading platform experience with a platform that’s just as good on smartphones as it is on personal computers.
More importantly, there is a web-based version of the platform available as well. A web-based version is for people who want to use the platform without having to download anything. The web-based platform required traders to have a device and internet connection only. The users have to access the platform using their browser. These platforms can be reached from any device and any part of the world at any given time.
10-Capital Education for Traders
If you are a new trader, you are highly recommended to learn the basics of trading before you put your money on the line. To understand how trading takes place, you do have access to a demo account, which is a perfect simulation of live trading. You have credits available in this account that you can use on trades. However, everything is taking place in a virtual world. While demo accounts are great at showing the face of the real trading world, there is still some preliminary education that’s necessary for any trader who starts a career in this world. 10-Capital has done its best to bring some great educational material for its traders.
It is often thought that training material is only for new traders, but that’s not the case. When it comes to education, new traders need only the basic information about trading, charts, trading tools, signals, indicators, etc. However, even advanced traders can take advantage of the training material. The material created for them included advanced training on trading strategies. In short, beginners and advanced traders can benefit equally from the training material available from 10-Capital.
You get access to some part of the training material when you open an account with 10-Capital. How much of the training material you can access depends on the account you have chosen. Of course, it won’t make any sense if you are only a beginner in the trading and you are looking at documents that are meant for advanced traders. So, when you sign up with a basic account, you get access to basic training material. However, if you sign up with a professional account, you will be able to access the training material that teaches you all the advanced trading strategies as well.
Bonuses and Incentives from 10-Capital
As much as you would expect online brokers to offer you some incentives and bonuses, you do not get them from all of them. There are very few online brokers that are willing to offer you something special as their loyal trader and 10-Capital happens to be one of them. There are some bonuses available for those opening the account with the broker for the first time. In addition to that, there are loyalty points available for active traders as well. The more you trade on the platform, the more loyalty points you will gain. You can use these loyalty points to fund your account with credits that you can then use in your trades.
You should always look at the information on the latest bonuses and incentives available from 10-Capital. These promotions can change with time so relying on some old information is not the best way to go about taking advantage of discounts, incentives, and bonuses.
10-Capital Customer Support
Customer support from online brokers always has a question mark on it. Even some of the best and most famous brokers of the world are not so good when it comes to their customer support. For example, they will try to make answers to all the frequent questions available on the website, but will not provide you with a contact number. Of course, getting answers to your questions on the website is not a bad thing. However, there are times when you have issues that have not been addressed in frequently asked questions, and you need someone to help you with your issue instantly.
First thing you have admire about 10-Capital is that they have an online chat feature. You can use this chat feature to get in touch with a representative from the company instantly. In addition to that, you can use the contact form available on the website if you have a detailed query. You can send in your detailed query and hope to receive an answer within 24 hours. You can always call one of the phone numbers available on the website to get answers to your specific questions. You can call the customer support number if you have any specific requirements that you don’t see addressed on the website.
With 10-Capital, it is commendable that their customer support is available 24 hours a day for days of the week. It does not matter when you need help because someone is always there to answer your questions. You can also send an email with your queries to be assisted as soon as possible.
When you compare online brokers, the first thing is safety. Whether you want safety of your information or funds, 10-Capital has done everything to give you the peace of mind. In addition to that, this broker has all the features that a new or experienced trader needs with a trading platform. The trading platform is user-friendly, thorough, and smooth. There are loyalty points to encourage you to be an active trader. Last but not least, there is enough educational material available for you to make a well-informed start in your trading career.