My experience with TenTrade has been nothing short of appalling. In a single trade, they wiped out 63% of my account balance by slipping the trade 2000 pips. Let’s be clear—this isn’t spread widening or normal market slippage. This screams of deliberate manipulation using dealer plug-ins designed to cause losses and line the broker’s pockets.When I raised concerns, I was pointed to their Terms and Conditions, specifically this clause:“5. PRICES FROM THE COMPANY ARE INDEPENDENT OF PRICES FOUND ELSEWHERE. Customers acknowledge that the prices reported by The Company for buying and selling currency pairs are independent and can differ from the prices displayed elsewhere or from other liquidity providers in the interbank market. Differences can result from, but are not limited to, changes in liquidity from interbank market makers to Evalanch Ltd, an unbalanced position or exposure in currency pairs at Evalanch Ltd, or differing expectations of price movements in currency pairs by The Company The Company expects that in most cases the prices provided to its Customers will be in line with the general interbank market but does not warrant or imply that this will always be the case.”This essentially admits they use fake prices disconnected from real market conditions. It’s a clear indication that trades are not placed in the market, and the broker’s primary goal is to profit from clients’ losses. Any hope of consistent profits with them is futile—they’ll use any trick in the book to avoid paying out.Their platform isn’t just untrustworthy; it’s outright predatory. The trade execution I experienced is a blatant example of unethical practices that no legitimate broker would ever tolerate.Avoid TenTrade at all costs. If you value your investments, find a broker that operates with transparency and integrity, not one that fabricates prices and manipulates trades to ensure clients fail.The tone of their email response to my complaint is totally out of line with the responses they have shown on this forum. They clearly want to be perceived as being fair, this is not how they conduct business when you trade with them and are profitable. They will screw you. Stay away.Clients should also note that after every bad review two new positive reviews appear. This seems very coincidental to me. I would take the positive reviews here with a pinch of salt.
Claim your business profile now and gain access to all features and respond to customer reviews.
