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10TradeFX vs Binarycent

10TradeFX or Binarycent – which is better for UK traders 2024? Compare 10TradeFX and Binarycent in this detailed breakdown of their platforms, features and fees.

10TradeFX vs Binarycent Comparison Table 2024
10TradeFX	Binarycent

2.8	3
10TradeFX is ranked #92 among CFD brokers.	Binarycent is ranked #9 among binary options brokers.
Review	Review
10TradeFX is an offshore regulated forex and CFD broker. The brand offers MetaTrader platform integration with spreads as low as 0.1 pips. The broker offers true STP and ECN execution. The low minimum deposit, social trading and funded trader account programme makes 10TradeFX appealing to new traders.	BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.
Pros
I appreciate the flexible access to the MetaTrader 5 web and mobile platforms as well as TradingView charting and copy trading functionality There are some diverse and popular asset classes on offer including forex, stocks, crypto and NFTs I'm a fan of the comprehensive learning academy backed by London’s Association of Trading & Investment (ATI) I like that traders can benefit from the Funded Trader program with up to $500,000 account size and 70% profit split	Simple and straightforward proprietary platform for binary options trading Payouts up to 95% are higher than most competitors and increases profit potential Trade binary contracts from $0.10 allowing trading opportunities for all budgets Copy trading and binary options bots are useful for beginner traders Accepts a wide range of funding methods, including cryptos and e-wallets
Cons
I'm disappointed that the broker is regulated offshore by the Seychelles Financial Services Authority (SFSA) and is not overseen by any top-tier authority I don't like how limited the shares offering is at 10TradeFX, putting them low in my rankings for market availability	Not available to traders based in the US The $250 minimum deposit is higher than most binary options brokers Not overseen by any reputable regulator, raising risks and reducing customer protections
Awards
	Tech Finance - Journal Award - 2015 iFX Expo Asia Award - 2016
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities	CFDs, Forex, Stocks, Cryptos, Options, Commodities
Bonus
	20% to 200% deposit bonus
Demo Account
Yes	Yes
Minimum Deposit
$50	$250
Payment Methods
Neteller Skrill Wire Transfer	Credit Cards Debit Card Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$0.01
Regulator
SFSA	VFSC
Mobile Apps
iOS & Android	iOS, Android
Trading App
	BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience.
iOS App Rating
	3
Android App Rating
	3
Margin Trading
Yes	Yes
MetaTrader 4
No	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Centobot for binary options
Copy Trading
No	Yes
Copy Trading Platform
	The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant.
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Islamic Account
Yes	No
Account Currencies
USD	USD
Commodities
Silver Oil	Gold Silver Oil
CFD
10TradeFX offers 200+ CFDs available to trade on the MT5 terminal. This is a relatively small range compared to most competitors I've reviewed. That said, the minimum deposit requirement to get started is only $50, which is great news for beginners.	You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app.
Leverage
1:600	1:500
FTSE Spread
200	Floating
GBPUSD Spread<
1.5	Floating
Oil Spread
20	Floating
Stocks Spread
29	Floating
Forex
My tests uncovered an average range of 40+ major, minor and exotic currency pairs with spreads as low as 0.1 pips and leverage up to 1:500. I like that the broker offers flexible contract sizes between 0.01 and 1 lot.	Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range.
Assets
39	25+
GBPUSD Spread
1.5	Floating
EURUSD Spread
1.5	Floating
EURGBP Spread
1.5	Floating
Cryptocurrency
There are 10+ crypto instruments available, including Bitcoin, Ethereum and Litecoin. Again, this is pretty limited for active crypto traders but I am glad to see some popular altcoins available 24/7 including Polkadot and Chainlink.	BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies.
Spread
Variable	N/A
Coins
BTC LTC ETH XRP	ZEC XRP XMR SAN OMG LTC BTC IOT ETH ETC EOS DSH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
	BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities.
Payout
	95%
Expiration Times
	5 seconds - 30 days
Boundary Options
No	Yes
Ladder Options
No	No

10TradeFX	Binarycent
Review	Review
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