Financika vs 10TradeFX

Financika vs 10TradeFX Comparison Table 2024
Financika	10TradeFX
Financika has closed.	Review 2.8

Financika is a forex trading broker offering a proprietary platform & mobile app.	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
Variable deposit 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
	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
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
Instruments
Forex, CFDs, indices, shares, commodities	CFDs, Forex, Stocks, Cryptos, Commodities
Demo Account
No	Yes
Minimum Deposit
$200	$50
Trading Platforms
Own	MT5
Payment Methods
Neteller Skrill Visa	Neteller Skrill Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
VFSC	SFSA
Margin Trading
No	Yes
STP Account
No	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
Yes	iOS & Android
Copy Trading
No	No
Social Trading
No	No
Trade Signals
No
VPS Hosting
No	No
Tournaments
No	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
Stock Exchanges
	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Euronext FTSE UK Index Japan Exchange Group Nasdaq
Commodities
Gold	Oil Silver
CFD Trading
Trade on close to 100 stock CFDs on leading global companies.	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
1:10	1:600
FTSE Spread
Floating	200
GBPUSD Spread
0.0003	1.5
Oil Spread
0.12	20
Stocks Spread
Floating	29
Forex Trading
Trade with up to 1:100 leverage on over 40 forex pairs.	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
0.0003	1.5
EURUSD Spread
0.0003	1.5
EURGBP Spread
0.0003	1.5
Assets
46	39
Cryptocurrency
Crypto trading not offered	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
	Variable
Coins
	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Financika has closed.	Review
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