10 Pips

Summary: Avoid
Trade Forex, CFD´s, Oils, Stocks all on one platform. Gearing up to 200x. The control panel is well designed, and it is easy to navigate between graphs. Strong on technical analysis. Test out the software with a practice account for as long as you like and you can flip to a real acount when you are comfortable with the software.

BUT, we couldn´t find any regulatory information on the site and this company operates out of Belize- a tax haven south of Mexico, which doesn´t give us much confidence. We wouldn´t recommend trading here.

• Trade forex, CFD´s, stocks, indices (eg FTSE) and commoditoes- all on one platform
• Clear graphing
• Good technical analysis (Bollinger Bands, Stochastic etc)
• Gearing to 200
• Trade Currency from Charts
• No commision- you just pay the spread (2-5 pips generally)
• Set Close at Loss, Close at Profit, Trailing Stop, Only Sell When Rate is….

• We couldn´t find any regulatory information
• This company operates out of Belize which doesn´t give us much confidence
• Thin range of currency pairs
• No web trader option- you have to download the software
• No iPhone, Android or Blackbery apps.
• They are short on training information, manuals etc
• There is no WebTrader option- you need to download the desktop client (although we have to say this is good).
• Help information on the thin side

10 Pips Review -

10 Pips is a forex broker with a trading platform operated by MeVideoCY Ltd (licensed in Cyprus). The platform is run by a company called Geostrading Ltd operating out of Belize.

It offers a wide range of currency pairs as well as stocks, commodities, equity indices and CFDs. They offer a $20 (no deposit) bonus if you sign up with your mobile number and a bonus from $30 free (when you deposit the minimum which is $100) to $2000 free if you deposit $10,000. You´ll need to download the desktop software- we found this to be one of the clearest on the market. You can trade directly from the charts and flip between currency pairs, commodoties, indices and CFDs.

They offer gearing up to 200x. You can also keep a close tab on your trades with the stop limit (for profit taking), stop loss, (enter a monetary value or pips value) and trailing stop. You can also book entry orders to buy when the market hits a certain price.

Head office: Larnaca, Cyprus, plus offices in Belize.
Minimum deposit: 100 USD
Leverage: 1:200
Spread EUR/USD: 2 pips
Payment methods: Credit Card, Moneybookers, Web Money, Wire Transfer
No deposit bonus: $25 free (only for opening your account, no deposit required)
First deposit bonus: from $30 up to $1,000, depending on deposit size