10TradeFX vs FlowBank

10TradeFX or FlowBank – which is better for UK traders 2024? Compare 10TradeFX and FlowBank in this detailed breakdown of their platforms, features and fees.

10TradeFX vs FlowBank Comparison Table 2024
10TradeFX FlowBank
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2.8
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4
10TradeFX is ranked #97 among CFD brokers. FlowBank is ranked #97 among CFD brokers.
Review
Review
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. FlowBank is a regulated bank and trading broker with a wide range of instruments including forex, funds, cryptos and thousands of stocks, that offers direct and high-leverage CFD trading on the MetaTrader 4 and MetaTrader 5 platforms. Traders benefit from ultra-tight spreads, low or no commissions and a free stock joining bonus.
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
  • Registered bank with regulatory oversight from FINMA
  • Demo account with a quick sign-up process
  • MT4 integration for desktop, web and mobile
  • No minimum deposit for traders on a budget
  • Full range of investments with 4500+ assets including crypto derivatives
  • Wide range of account base currencies catering to global traders
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
  • Limited deposit options apart from wire transfer and bank cards
  • No copy trading service for aspiring traders
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, Cryptos, Commodities CFDs, Stocks, ETFs, Funds, Commodities, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$50 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SFSA FINMA
Mobile Apps
iOS & Android iOS & Android
Trading App

The FlowBank trading app offers advanced technical and fundamental analysis features, over 50 forex pairs, plus instant and pending orders. Traders can download the app to Apple and Android devices.
iOS App Rating
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Android App Rating
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Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
No Yes
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
Yes No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
MetaTrader
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • PLN
  • CZK
  • AED
  • HUF
  • THB
Commodities
  • Silver
  • Oil
  • Oil
  • Natural Gas
  • Coffee
  • Cocoa
  • Soybeans
  • Sugar
  • Gold
  • Silver
CFD
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. Trade 4500+ CFDs with tight spreads and no commission except stocks. Choose between 4 different trading platforms and apps, including MT4, MT5 and proprietary options. The broker also sometimes offer joining promotions.
Leverage
1:600 1:200
FTSE Spread
200 1.0
GBPUSD Spread<
1.5 0.7
Oil Spread
20 0.03
Stocks Spread
29 0.02¢ commission
Forex
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. Trade 50+ major, minor and exotic pairs with spreads form 0.5 pips, no commissions and leverage up to 1:200. Importantly, the heavily regulated broker also provides a relatively secure forex trading environment.
Assets
39 50+
GBPUSD Spread
1.5 From 0.0
EURUSD Spread
1.5 From 0.0
EURGBP Spread
1.5 From 0.0
Cryptocurrency
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. Speculate on crypto markets via 10 crypto/USD pairs as well as ETPs, ETNs, ETF, tracker certificates and closed-end funds. This range of derivatives offer diversified exposure to digital markets that aren't found at many alternatives.
Spread
Variable From 0.3
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • ETH
  • BCH
  • LTC
  • EOS
  • XLM
  • NEO
  • DOGE
  • UNI
  • LINK
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
10TradeFX FlowBank
Review
Review
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