The basic layout is the same, however MT5 is even more secure and the execution and price updates are faster. TenXTrade only offers trades on MT5.

There is not a best time to trade. Increased trading throughout the day could increase your chance of earning more profits. Although certain markets are open on certain times, it must not stand in your way from trading other markets.  Experience has proven that a trading market is the most volatile when some markets open and some close: CAT Times: 09H00 to 11H00, 15H00 o 17H00, 22H00 to 00H00, 03H00 to 05H00.

Our spread calculations are very competative. Refer to the Summary Fee Schedule.

Balance: Balance refers to the entire value of the account.  Equity: Equity is the value of your trading account after your open positions are deducted or added.   Margin: Margin refers to the amount that you have invested in your open trades. Free Margin: Free margin is the amount of money you can withdraw.  Margin Level Percentage (%): The bigger your Margin Level Percentage, the safer your account. If the Margin Level Percentage drops to 20% your account is being depleted.

TenXTrade offers 3 types of trading accounts and your selection will determine what fees will apply: TenXTrade (ZAR): with this account there are no broker commission when you trade Currency Pairs, Commodities, or Indices. However, each currency pair, commodity, indices, and equities have a spread that applies. The spread is the difference between the buying (bid) and selling (ask) price. The bigger the difference between the bid and the ask the larger the spread.

TAXES apply as required by SARS.  TenXTrade (PTY) Ltd, its Associates and or Employees are not TAX Specilaists and are not permitted to provide any TAX advice. Kindly consult a registered Accountant and or TAX Expert.

 TenXTrade offers a 1:100 leverage. This leverage minimizes the risk exposure. 

The Financial Intelligence Centre Act, 38 of 2001 (FICA), came into effect on 1 July 2003. FICA was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing activities.  What are FICA documents? Original certified copy of a: Valid South Africa Identification Document or a valid unexpired passport in the case of a foreign national.  Proof of Residential Address (not older than three months), for example, a utility bill such as a water and electricity bill, a telephone bill, a current lease agreement or a bank statement.

   The Q&A (Quistionnaire & Assessment) is to assess the risk and the suitability of the product offering for the Client, and is a FSCA legal requirement.

A “juristic representative” means a person that - (a) is a company or a close corporation as defined in section 1 of the Companies Act, 2008 (Act No. 71 of 2008); (b) is appointed as a representative of only one particular FSP; and (c) has a written mandate from the FSP referred to in (b) to render a specific financial service on behalf of that FSP; TenXTrade (PTY) Ltd is a Juristic Representative of QuickTrade (PTY) Ltd a FSCA regulated Broker with the FSCA with FSP# 45262.

Stop-loss: You can place a tight stop-loss a few pips (10-20) above the bearish candle formations. If the price moves above the bearish candle formation, the market is violating the candle formation and the premise of the trade.  Take-profit: Can be placed to ensure a risk-reward ratio of at least 1:2. Having a positive risk to reward ratio is one of the behaviours of profitable traders.  

An IB (Introducing Broker) or Affiliate is basically a person or company who introduces new Clients to a Brokerage and in return for introducing new Clients they earn rebate (commission) as a reward. How to join the programme?  You first need to open a TenXTrade online trading account After your account is verified can you complete the "IB Application" Upon approval of the IB Application will you receive notifications for training bootcamps to learn how to create links that you share with your Family, Friends and on social media platforms.

TenXTrade (PTY) Ltd is an online trading Service provider. Regrattably do many Traders not profit as a result of not having the required knwoledge or guidance. We have partnered with the "Best Education" company in Africa to ensure our Clients have access to the best available course content presented by FSCA regulated Coaches and Mentors. A selection of modules in the "SMC Financial Markets Education" courses are Bank SETA accredited.

There must be a certain margin amount to maintain your positions open which is expressed through the total percentage of your ongoing trades (Margin Level). Margin Call occurs once your margin level is 80% or below. To protect you from losses, the system may start closing open trades, starting from the one generating the highest loss. Your margin can be increased by making deposits or decreasing open position exposure.  

 Log into your TenXTrade Portal  On the left hand side navigate to FUNDS Click on the DEPOSIT button. Choose from the multiple deposit options.  

 TenXTrade doesn't have a minimum deposit. However only accounts with a minimum balance of ZAR 500 will qualify to receive Trade Signals. 

 TenXTrade offers both spread- and commission accounts.