10Markets was started in 2014 and has been a huge player in Forex trading as well as CFDs. The broker also allows some binary options trading as well.
10Markets is operated from the United Kingdom, but is owned under the Whitestone Group Ltd who are based in Anguilla.
While many younger brokers are not licensed and regulated, 10Markets is licensed and regulated by the Vanuatu Financial Services Commission.
Traders have the advantage of downloading the popular MetaTrader 4 software or you can trade via the 10Markets Online Trading system.
What’s more, you also can try the system using a 10Markets demo account before you risk your own money.
10Markets Deposit Terms & Conditions
The minimum deposit amount at 10Markets is $250. There are many ways an investor can deposit once they have created an account.
Deposit methods include wire transfers, credit or debit cards and a wide variety of ewallet methods.
Before you can withdraw your profits from 10Markets, you will be required to submit certain documents to abide by anti-money laundering regulations. I suggest you do so immediately upon depositing so you will not have a delay with withdrawing your winnings.
Documents required are:
A copy of your government issued photo identification.
A copy of a recent utility bill showing your name and address.
And if a credit card is used to deposit, a copy with all but the last four numbers blacked out.
By doing so, you will ensure a wonderful 10Markets experience.
10Markets Bonus Terms & Conditions
10Markets does offer bonuses from time to time. But, there are stipulations required before you can withdraw bonus money from the system.
At 10Markets, you are required to trade 50 times in volume the amount of your bonus. So if you received a $100 bonus, you would have to make trades in the volume of $5,000.
Keep this in mind before accepting any bonuses.
10Markets Withdrawal Terms & Conditions
There is a minimum withdrawal of $100 or $250 for bank transfers.
10Markets charges these fees for withdrawals:
- $50 for wire transfer
- $25 for credit card
- and $10 for ewallets
It is also required that you have at least $200 in turnover before withdrawing or a 10% fee will be levied.
10Markets takes from 2 to 5 days to process withdrawals once a request has been made. It could take up to 7 days more for funds to reach your account.