During our 10Trade review we spent at least time trying to figure out how to deposit or withdraw funds – everything is presented nicely. As the banking controls are very well integrated with the binary options trading platform, the deposit and withdrawal process is short and straightforward. The time one has to wait until finally being able to invest in binary options depends on the type of deposit the trader selects.
Traders can fund their 10Trade binary options trading accounts via credit and debit cards, eWallets, bank transfers, and wire transfers. Net wallets include Skrill/MoneyBookers, CashU, iDeal and Neteller. Traders will be happy to hear they can also deposit in BitCoin, but we cant tell you how the service performs since we ourselves didn’t use it during the 10Trade review. We are confident it is sleek as other options, but we just don’t use this method yet.
In line with regulatory requirements, with 10Trade, all connections are super secure. We already noted in the intro to the 10Trade review that the customer compensation fund will cover all losses incurred to the trading account of a client in case of an insolvency. Traders always have the support team at their disposal to look up in case they need help. As with most of the binary options brokers, users will have to verify their identity and address.
Withdrawals can take a bit depending on the banking service used, but, as we found out during the 10Trade review, the broker approves all requests in up to 48 hours, which we find satisfying. Standard withdrawal rules apply. When using the wire, traders can withdraw funds once per month without charge. For additional withdrawals as, pretty steep fee, of $30 will be levied.
By the end of our 10Trade review we learnt that this broker is owned by Holiway Investments Limited, Cyprus and regulated under No. 284/14.
