10-Capital Forex Broker Review
The most important decision you have to make as a trader is the broker you choose from trading. Everything from getting help on your trades to executing profitable trades depends on the broker. For a trader to continue with a successful trading career, he/she has to find the best broker from the bunch. Based on the interest from the new traders, it is clear that 10-Capital is one of the best online brokers today. But why do new traders love this broker and its platform so much? You definitely want to know the answer to this question if you are actively searching for a broker.
Let’s look at the features being offered by 10-Capital to see how it facilitates the traders with their trading experience.
A Robust Trading Platform
The first thing you should expect from your broker is a robust trading platform. Of course, that’s where you will be spending your life as a trader i.e. on the trading platform. From the user-interface to functionality and integration of tools, a trading platform draws the image of the broker in the eyes of the trader. A trader can look into many factors to decide how good the trading platform from the broker is. The first thing that matters is the ease of doing trades.
For you to make profitable trades, you have to be able to make your move in time. Some assets go up and down in value at a very fast pace. Take the example of cryptocurrencies which can go up or down in their price by 20% or even more within a day. So, what you expect from your platform is to provide you real-time information of the market. You can rest assured that 10-Capital has paid attention to the speed of its platform. When you enter a trade while using their trading platform, you know that you are seeing the latest value of the asset.
Moreover, you want the platform to be everything when you are a trader. You don’t want to jump from window to window to look at the different tools that help you with your trades. Not to mention, you can take advantage of dozens of different types of tools. It is best that all these tools are integrated onto the platform you are using. That’s what makes the trading platform from 10-Capital one of the best in the market. You can take advantage of a user-friendly interface and have access to all the tools that help you make well-informed trading decisions.
Now, in addition to the functionality of the platform, you want to be able to use it on various devices as well. Today, people are using many different types of devices and it is the broker’s job to make the platform available across all the different devices. If a particular tool is made for desktop computers, it will not be at its optimum when you use the same platform on a mobile device. You want the platform to be compatible with all the different device types that users own today. These devices can be personal computers, smartphones, tablets, laptops, etc.
10-Capital has made its platform compatible with all the different devices. You can download the tool on your desktop computer or go for the mobile application if you like to trade on the go. Furthermore, you also have the web-based platform that can be accessed from any device without any difference in the trading experience. All the tools that you need for successful trades are also available with your platform. Look at the tools, know the condition of the market, and enter a trade that you are sure about.
Security at Its Best
Security is an important concern when you are dealing with any internet-based platforms. For you to be able to trade with a broker, you first have to create an account. At the time of creating the account, you have to provide some personal information about yourself. You will also have to enter your banking details based on the funding method you want to use. All of this information is personal and confidential. No one other than you and the company should have access to this information. If your broker does not guarantee the safety of your information, you should stay away from signing up with it.
You will have the peace of mind when you are working with 10-Capital because the broker has paid special attention to the security of the traders’ information. When you provide your information on the website, the broker instantly encrypts. Once the information has been encrypted, no unauthorized parties can access and manipulate it.
The other important thing is the safety of the funds that you will be depositing in your account with the broker. When you sign up with the broker, you have to choose an account type first. A basic account requires a very small deposit whereas the advanced account types require you to deposit a lot of funds to activate them. It does not matter how much money you have to deposit in your account, every penny you spend is valuable. Unless the broker you are signing up with is regulated by authorities in the country it is registered, you want to stay away from making any deposits.
With 10-Capital, you can be sure that the money you deposit in your account is safe and secure. Proper regulation of the broker means that there is an authority that’s making sure that 10-Capital is always doing business fairly. You are getting top level security of your funds and information when you work with 10-Capital. You are highly advised at this point to not settle for anything than the highest standards of security when you sign up with a broker. You must not forget that it is the financial industry where you can find more bad guys than there are good guys.
Index of Diversified Assets
As soon as you land on the website of the broker, you have to see the assets that are being offered to you. These are the assets that you can trade and benefit from. In the past, you could not have accessed as many markets as you can do today, thanks to the internet. New and experienced traders love it when they have a lot of assets available for them to trade. You have to admire the fact that your trading options are diversified when you sign up with 10-Capital. You can trade indices, commodities, cryptocurrencies, currencies, and stocks when you sign up with this broker.
All of these assets are there for you to trade from the same platform. That’s because you are trading CFDs on the assets stated above. Every trader needs to grasp the concept of CFDs before trading on any platform. When you trade CFDs, which stands for Contacts for Difference, you get a hold of the contract of the asset. At no point during the trade do you get the ownership of the asset that you see on your trading platform. Trading CFDs has become the most common way for traders from around the world to make profitable trades.
When you look at the commodities, you have lots of soft and hard options. You can trade precious metals like silver, gold, platinum, palladium, copper etc. In addition to that, you can trade commodities like corn, wheat, etc. You can also trade the stocks of the most valuable companies around the world. From the companies that make apparel items to tech giants that provide technology solutions, all of them are there on stocks index. You should take help from the trading tools to know which company’s shares will benefit you the most. Everything you need for trading is available on the trading platform.
You can also trade forex from the same platform. In the past, you had a separate trading platform for trading currencies and other CFDs. Today, you have all of these trading options available on the same platform. There are dozens of currency pairs available for you to trade when you are on the 10-Capital trading platform. If you are someone who wants to minimize the risks while learning how it feels to trade foreign currencies, you can for the major currency pairs. However, if you want to make huge profits from your forex trades, you can go with the rare currency pairs. They are volatile and can yield huge profits. Keep in mind that the losses can be just as big as profits with volatile assets.
One of the best additions to the trading platform is cryptocurrency. Yes, you can now trade the CFDs of the best cryptocurrencies of the world as well. In the beginning, brokers were not sure about putting cryptocurrencies on their platforms because of the uncertainties involving this industry. However, things have changed in the past two years. Some of the biggest countries of the world like Australia, Canada, England, etc. are fully okay with the trade of cryptocurrencies. With cryptocurrency market gaining so much popularity, it makes full sense to be able to trade their CFDs while using the 10-Capital’s trading platform.
The Ease of Sending and Receiving Money
It matters a lot how easy or difficult it is for you to send your money or receive it from your online account with the broker. Some brokers say they care about their traders but you don’t see that when you look at the deposit options. Yes, depositing money with credit cards is one of the most common way of doing online trades. However, this should not be the only way for you to fund your account. There are some other methods such as the bank wire transfer and e-payments that you should be able to use with your broker. 10-Capital has made all of these options available to its traders for their convenience.
You can use your credit card to deposit funds in your account. The best thing is that you can use the credit cards of many different companies including but not limited to Visa and MasterCard. You can send in wire transfers as well. You can browse on the website and enter the banking section to know the details of the account where you can send your wires. E-payments have emerged as fast and secure ways of depositing funds in your online broker accounts. You can use all of these options with ease with 10-Capital.
One of the issues that traders often face is the fees they have to pay when they send in the funds or request withdrawals. While the fees are not big, they can bite into your profits when the money you are withdrawing is not too big. 10-Capital wants the best of its traders and that’s why the unnecessary fees have been taken away from most of the deposit options. Whether you are depositing money in your account or withdrawing funds after profitable trades, you will not have to deal with any unnecessary fees. The other big concern is the time it takes for you to receive the funds in your account or to see the money appear in your online account.
All the information about the various money transfer methods and the time they take is available on the website. Keep in mind that the time it takes to process the funds can change based on the method you use for funding your account or withdrawing the money from it. Furthermore, if you are thinking of using an option that is not listed on the website, you can call the customer support number to inquire about your options.
A Variety of Account Types
In the world of trading, there is a stark difference between the needs of a new trader and an old and experienced trader. A new trader can be anyone from a student to a professional who has been working for years. In most cases, these new traders are not familiar much with the financial markets and how they work. They have to go through a learning phase before they put their money on the line. Even the slightest mistakes can cause novice traders to lose their money. That’s why they cannot fit into the accounts that have been designed for experienced traders.
What a broker needs to do is to create many different types of accounts. The traders should have enough options to pick an account that meets his/her specific needs. If you are a new trader, you want to start with the basics. You don’t want to deposit too much money in your account because you will not be executing big trades after all. 10-Captal has the solution to all of these concerns. When you are a new trader and you want to start with a small deposit, you can go with the basic account type with a very small initial deposit from you. By making this minimum deposit, you can activate your basic account.
However, if you have been trading for several years and want to fund your account with a huge sum, you should go for the account for the advanced traders. The minimum deposit you will need with this account is quite big when compared to the initial deposit of a basic account. You will also see differences in the amount of leverage you are being offered with each account. It does not matter how much leverage you have available, you have to be very careful while using it. With leverage, you can control big trades even when you have very little money in your account. Your profits or losses are amplified based on the outcome of you trade.
Education is available for all the traders. You can access some training material regardless of the account you choose. However, you have to admire 10-Capital for being very intelligent in this area. With many brokers, you will notice that they have some generic content that they make available to the new and experienced traders. In most cases, that content does not offer any value to the experienced traders and the new traders only learn the very basics. On the other hand, the material available from 10-Capital has been split separately for new and experienced traders. If you are a new trader, you will access only the basic content. If you know trading and its basics, you should get access to the content that discusses advanced trading strategies.
Commendable Customer Support
The level of customer support that a broker provides can make it or break it for the broker. A broker that does not provide great customer support is not considered a serious broker. However, you will not be disappointed from the level of customer support from 10-Capital. There are multiple ways for you to get in touch with the company and get answers to your questions. In addition to that, the customer support representatives are available 24/5 to help you with your issues. It does not matter what time of the day or night it is, you can call the company and have your inquiries addressed.
The phone numbers are there for you to talk to a human representative to get instant help with your concern. If you don’t need urgent answers to your questions, you can also send an email to the company. The emails sent to the broker are responded to within 24 hours. The live chat feature is there for you to talk to a representative from the company whenever you want. You can go on the website, enter your query in the chat box and have a representative reply to you instantly. There is also a detailed FAQs section on the website that provides answers to all the generic and specific questions from the traders.
The Best 10-Capital Features Summarized
There are lots of things that you have to admire about 10-Capital. When you look at the features, it is clear the broker is focused on giving the best trading experience to its traders. The first thing that needs praise is the trading platform. The trading platform comes equipped with all the necessary tools and features that not only help you execute your trades fast and in real-time, but also help you make them profitable. The platform is available for computers, tablets, and smartphones with 100% compatibility. When it comes to assets, you get a lot of options in indices, currencies, commodities, stocks, and cryptocurrencies.
The deposit and withdrawal options are great as well. You can use the conventional methods of transferring funds to your account such as credit cards and wire transfers. However, if you are a modern user who only prefers the modern ways of money transfer, you can go with e-payments as well. Detailed information about withdrawals and deposits is available on the website for all the traders. Safety and security remain some of the major concerns for traders from around the world. There is special attention from the broker on these issues.
The company fully complies with the anti-money laundering policies preventing people from using its platform for illegal money pooling. In addition to that, 10-Capital works with the latest encryption standards to secure the information of the traders that sign up with the company. Last but not least, there is nothing that you can dislike about the customer support from 10-Capital. You have plenty of ways to get in touch with the company and get your issues addressed. Furthermore, you are received and responded to by some of the most professional customer support representatives of the industry when you make a contact.
As the title of this review says, your trading experience is only as good as your broker. If your broker is focused on its own benefits, you are not going to have the best trading experience. You will end up losing a lot of money not only in unsuccessful trades but in the form of commissions and spreads as well. 10-Capital is a reliable online broker equipped with all the features that are in the best interest of the traders. It is safe to open and operate your account with 10-Capital and you also have all the tools to have a successful trading career. So, pick the right account type for your needs and turn yourself into a successful trader by picking the right broker.