7Bforex vs 10TradeFX
7Bforex | 10TradeFX |
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1.8
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2.8
10TradeFX is #13 in our CFD broker rankings. |
Traders from US not accepted
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Traders from US accepted |
7Bforex is a broker-dealer geared towards Nigerian traders, offering a sign-up bonus and the MT4 platform. |
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. |
Bonus Offer | |
₦10,000 Welcome Bonus | 30% Deposit Bonus |
Comment by Reviewer | |
"After testing all the features at 10TradeFX, I think it would be a good choice for novice traders looking for an integrated online learning academy and copy trading services. However, the offshore regulation is a major red flag for me and I was disappointed in the small range of assets." | |
Pros | |
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Cons | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, Cryptos | CFDs, Forex, Stocks, Cryptos, Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
₦5,000 | $50 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
SFSA | |
Margin Trading | |
Yes | Yes |
STP Account | |
Yes | Yes |
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 | |
No | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Mobile Apps | |
Android | iOS & Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
VPS Hosting | |
No | No |
Tournaments | |
Yes | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Leveraged CFDs can be used to go long or short on hundreds of popular markets. | 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. |
Leverage | |
1:200 (Default), 1:1000 (Maximum) | 1:600 |
FTSE Spread | |
From 2.1 pips (Standard) | 200 |
GBPUSD Spread | |
From 2.1 pips (Standard) | 1.5 |
Oil Spread | |
From 2.1 pips (Standard) | 20 |
Stocks Spread | |
From 2.1 pips (Standard) | 29 |
Forex Trading | |
Trade a wide range of currency pairs with floating spreads. | 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. |
GBPUSD Spread | |
From 2.1 pips (Standard) | 1.5 |
EURUSD Spread | |
From 2.1 pips (Standard) | 1.5 |
EURGBP Spread | |
From 2.1 pips (Standard) | 1.5 |
Assets | |
60+ | 39 |
Cryptocurrency | |
Trade crypto-fiat pairs including major tokens like Bitcoin. | 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. |
Spread | |
From 2.1 pips (Standard) | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
More Comparisons | |
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