7Bforex vs 10TradeFX

7Bforex vs 10TradeFX Comparison Table 2024
7Bforex 10TradeFX

10TradeFX is #13 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag 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."
  • Full range of investments
  • Low minimum deposit
  • MT4 integration
  • 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
  • No copy trading
  • Weak regulatory oversight
  • 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
CFDs, Forex, Stocks, Indices, Commodities, Cryptos CFDs, Forex, Stocks, Cryptos, Commodities
Demo Account
Yes Yes
Minimum Deposit
₦5,000 $50
Trading Platforms
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
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
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
  • USD
  • NGN
  • USD
Stock Exchanges
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.
1:200 (Default), 1:1000 (Maximum) 1:600
FTSE Spread
From 2.1 pips (Standard) 200
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.
From 2.1 pips (Standard) 1.5
From 2.1 pips (Standard) 1.5
From 2.1 pips (Standard) 1.5
60+ 39
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.
From 2.1 pips (Standard) Variable
  • BTC
  • ETH
  • XRP
  • DASH
  • BIT
  • EDO
  • ETP
  • IOTA
  • NEO
  • OMG
  • SAN
  • XMR
  • ZEC
  • EDO
  • LTC
  • TRX
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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