Binary options trading is one of the fastest growing industries in the world, so it is not surprising that new online platforms go live every single day. Of course, they are not all reliable and it takes a bit of patience and attention to detail to filter profitable options from scams. Another interesting thing about this industry is that traders tend to stay away from new brokers and focus more on brokers that have been active for years, fearing that new entries are frauds. While it cannot be denied that a longstanding presence on the market is an indicator of reliability, you should not automatically assume that a broker with less than five years of activity is a scam. On the contrary, there are many newly-established platforms that give all-time favorites a run for their money. One of these is 10Trade and, as you will see in the many 10Trade reviews on the Web, they have almost no cons to be concerned about.
10Trade was established recently in Cyprus and have already received their CySEC regulation. This aspect alone is enough to convince skeptics that this platform is reliable and that they do not expose themselves to risks when creating an account here. CySEC is the main authority in binary options and before granting a trader their license they check various security and functionality issues. Any 10Trade review will mention that this website offers prompt customer support for multiple countries and that a member of the staff can always be reached. Also, having a CySEC regulation means that the broker has all the funds it promises, so it is not a scam. In other words, if you read somewhere on the website that you can get a 50% bonus, they really have the money to transfer to your account, it is not a fraud. The biggest downside to 10Trade is that they do not accept US traders.
With payouts that can reach an impressive 89%, the platform is excellent for traders who want to make profit. New members also have a lot to benefit from, because the minimum deposit required is $200. As a whole, the platform is very intuitive and even someone who is new to binary options can use it. However, there are also some advanced features targeted at users who already have some experience. Last but not least, if you decide to create an account on the site, you probably want to know how long it will take for your money to reach your account. Withdrawal times do not differ from other brokers: on the website, they say that processing takes two days, followed by five working days to a full week for the funds to reach your account. However, note that the website has a minimum withdrawal amount ($200) and that some bonuses have to meet some terms and conditions before you can withdraw them. Check the terms and conditions on the website or read the full review on websites like Is-Scam.com before signing up, just to make sure you understand all the features that this trader has.