In this Market10.net review, we will explore the various benefits of trading CFDs with Market10.net, an online trading platform designed to cater to traders worldwide, including those from UAE, Singapore and Kuwait.
In this review, I’ll take you through what the platform has to offer, how it works, the registration process, types of accounts offered, as well as the investment opportunities available to traders.
Market10.net is a web-based platform that is known for providing Contracts for Difference (CFD) trading services. Contracts for Difference are financial derivatives that enable traders to bet on the price fluctuation of different types of assets, without necessarily owning the asset.
This is especially ideal for traders who wish to take advantage of the volatility within the markets but are not necessarily interested in making long-term financial commitments.
Market10.net gives traders the chance to trade CFDs on different markets such as stocks, stock market indices, commodities, forex, as well as cryptocurrencies.
Equipped with an easy-to-use interface as well as educational instruments,Market10.net intends to service all, whether a beginner or an experienced trader.
Market10.net works as a platform where users are able to gain access to different financial instruments, such as CFD. When you enter into a CFD, what happens is that a contractual agreement is made with the broker on the exchange of the price difference that occurs from the point the agreement is closed to when it is opened.
If the price moves in your favor, you make a profit, but when the price moves against you, your result is a loss.
It provides traders with a variety of resources such as real-time market updates, analysis, and educational tools to empower traders with the knowledge required to navigate the complexities of CFDs.
Trades can be made either by accessing the web-based platform or through a mobile application, giving traders complete freedom to manage their investments wherever they are.
Market10.net provides a range of accounts that fit the different needs of traders. The accounts are tailored to provide traders with the desired flexibility according to their skills, choice, and respective trading activity.
The types of accounts that are available are Basic, Gold, Platinum, and VIP, which come with different amenities.
Basic Account: The Basic account is ideal for beginners, with standard spreads available, but only one free withdrawal per month.
Gold Account: The Gold account is for more experienced traders who require improved spreads as well as 1 free withdrawal per month.
Platinum Account: The Platinum account is specifically meant for active traders who need even closer spreads, with 3 free monthly withdrawals.
VIP Account: The VIP account is geared towards experienced traders who want the best spreads, with unlimited free withdrawals.
Every type of account is created to suit different trade volumes, ensuring that traders have the freedom to choose an account that suits their trade objectives. On Market10.net’s recommendation, traders are advised to choose an account that suits the level of trade experience they have, as well as how frequently they make free-withdrawals.
Getting started with Market10.net is a straightforward process. To begin, traders must complete a registration form on the platform’s website. The registration process requires basic information such as name, email address, and contact details.
Once the account is created, traders must complete a brief questionnaire to verify their identity and financial status. This step ensures that the platform complies with regulatory standards and helps prevent fraudulent activities.
Upon approval, traders can access their accounts and begin trading CFDs on a wide variety of financial instruments.
Market10.net also provides several educational resources, such as guides and tutorials, to help new traders navigate the platform and start trading with confidence.
The platform’s customer support team is available 24/5 to assist with any issues during the registration or trading process.
Market10 offers a wide range of assets for traders to invest in through CFDs. These assets include:
Stocks: Traders can access CFDs on a wide variety of stocks from major global companies. This provides traders with an opportunity to speculate on the price movements of individual companies without actually owning the stocks.
Indices: Market10.net allows traders to trade CFDs on global stock indices, such as the S&P 500 and FTSE 100. Index trading offers a way to gain exposure to the overall performance of entire markets.
Commodities: Traders can also speculate on the price movements of commodities like gold, silver, oil, and agricultural products. Commodity trading provides a way to diversify portfolios and take advantage of price fluctuations in global markets.
Cryptocurrencies: With the rise of digital currencies, Market10.net offers CFD trading on popular cryptocurrencies like Bitcoin, Ethereum, and others.
Currencies: Market10.net provides CFDs on a wide variety of currency pairs, allowing traders to speculate on the price movements of major, minor, and exotic currencies. Forex CFDs are ideal for traders looking to take advantage of the liquidity of the currency markets.
This wide range of assets ensures that traders have plenty of options to diversify their portfolios and take advantage of market opportunities.
It is operated by a South African investment company called Faraz Financial Services (PTY) Limited that is legally recognized and regulated by the "Financial Sector Conduct Authority" of South Africa.
The license number is that of a Financial Service Provider, which is number 45518, and it qualifies the business to carry out the role of an intermediary in financial products such as CFDs.
The company is bound by very tight regulatory guidelines as per the FSCA, ensuring that traders are protected, as well as ensuring that the platform is run in a transparent manner. The address of the company’s registration office is Unit 9, 31 First Avenue East, Parktown North, Johannesburg, Gauteg, 2193, South Africa.
Additionally, Market10.net considers the protection of customers’ delicate info a priority. The website uses state-of-the-art encryption protection to safeguard such sensitive information. Customers are guaranteed that their finances and private info remain safe with the website when making transactions.
Market10.net offers a range of facilities that can add value to the trade process. The facilities include:
Real-time Market Data: The traders get real-time price feeds along with real-time market data, thus ensuring that they make well-informed decisions when entering as well as exiting a trade.
Charting Tools: The trading platform has assisted users with charting tools, which enable traders to analyze the markets, resulting in a better understanding of markets, which is useful in predicting markets.
Leverage: The leverage service is offered by market10.net on CFD contracts, which helps a trader control a bigger position with a small amount of money. The leverage service is used with caution because it multiplies both the return on investment and the cost incurred.
Mobile Trading: The online trading platform provides mobile trading, ensuring that customers are able to access their accounts on the go, thus making it highly convenient for traders who are always on the go but still need to be connected to the markets.
Such solutions assist traders in implementing their plans, managing risks, and even monitoring their performance in a real-time environment.
For assistance, it has a customer support service that is available 24/5. This support service can be contacted via live chat, emails, as well as call support offered by Market10.net.
In addition, the website has a FAQ section that is available to assist traders in quickly accessing common questions.
The customer support service is very responsive, with the goal of ensuring that all customers have a smooth trading process.
In summary, the CFD service offered by Market10.net is a very comprehensive one, with a broad range of instruments available, competitive accounts, as well as necessary trading facilities.
The company that runs the platform is regulated by the FSCA, which means that traders are provided with the assurance that they can trade on the platform because their funds as well as their details are protected.
Although the platform may not be ideal for all traders, especially those seeking alternatives to non-CFD trading, it is a useful base for traders who are interested in leveraging price actions within a variety of financial markets.
Whether you're a novice or an experienced trader, Market10.net provides a user-friendly environment with access to a diverse range of trading opportunities.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.