TIO Markets Review: A broker with diverse account types for all trading styles

Written by:
Written on:
4 June 2023
Last edit:
28 June 2023
Our rating:


TIO Markets Review: A broker with diverse account types for all trading styles

Written by:
Written on:
4 June 2023
Last edit:
28 June 2023
Our rating


Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Never deposit more than you are prepared to lose. Professional client's losses can exceed their deposit. Please see our risk warning policy and seek independent professional advice if you do not fully understand.
See how TIO Markets compares to it's closest alternatives.

Main summary

TIO Markets is the trading name of the LTD company with the same name. The broker is registered in St. Vincent and Grenadines and is licensed in Mwali by the International Services Authority. As we can see the regulations are pretty weak for this broker. The company was established in 2019 and is a relatively new broker on the scene. Since the broker has started to get licenses right away we assume it will continue to get regulated by some more reputable and strict authorities. There are four trading accounts along with demo and Islamic accounts also offered. Spreads are low, commissions are below the industry average making the broker an attractive option for day and intra-day traders. 

In this review of the TIO Markets Forex broker, we’ll discuss the broker’s safety policies and regulations, trading platform details, account types, trading fees, spreads, and many other important factors. In addition to the review, we have included a step-by-step guide for the account registration and verification process for interested readers.

Pros & cons of TIO Markets broker

  • No fees for both deposits and withdrawals
  • Provides access to advanced trading platforms, i.e. MetaTrader 4 and MetaTrader 5
  • Lightning-fast and digital account opening/verification
  • Offers access to 258 tradable instruments from various asset classes, including CFDs on stocks, Forex, metals, indices, and commodities
  • High leverage of up to 500:1
  • Low barriers to entry. Accounts can be opened with as little as 10 USD
  • Offers access to demo and Islamic accounts
  • Charges inactivity fees
  • There are no cryptos for trading

TIO Markets Fact sheet

Main features
Regulations Mwali
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 30 USD per month after 3 months of inactivity
Minimum deposit 10 USD
Minimum account activation 10 USD
Number of available assets 258
Leverage up to 1:500
Available trading markets CFDs, CFDs on Stocks, Commodities, Forex, Indices
Account currencies USD, GBP, EUR, CAD, AUD, CZK, ZAR
Demo account Yes
Live account types Standard, VIP Black, VIP, Signature
Islamic account Yes
Negative balance protection Yes
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Forex 46
Shares 0
Cryptocurrencies 0
Indices 11
Commodities 9
Total 258
Fees & spread
Forex From 1 pip
Shares N/A
Cryptocurrencies N/A
Indices From 1 pip
Commodities From 0.2 pips
Platforms MetaTrader 4, MetaTrader 5
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Credit/Debit Card, E-wallets, Fasapay, Neteller, Skrill
Minimum deposit Bank Transfer, Credit/Debit Card, E-wallets, Fasapay, Neteller, Skrill
Minimum withdrawal Bank Transfer, Credit/Debit Card, E-wallets, Fasapay, Neteller, Skrill
Withdrawal processing time Instant
Time to open an account -
Show all

Safety & Security of TIO Markets

Choosing a safe and reliable broker is the first step to successful trading. There are various factors to consider when making a decision, but the safest brokers are well-regulated ones. 

TIO Markets follows strict client-oriented safety policies. Negative balance protection is provided for clients, but if they use this feature more than once, the company reserves the right to lift this protection measure from client accounts that are constantly trading with high leverage and high risks. Negative balance protection kicks in when the trader loses more than their trading account value due to leveraged trading. Furthermore, TIO Markets is part of an investor compensation fund and inventors will receive compensation in case of broker insolvency. All client funds are held within segregated bank accounts, meaning the broker can not touch and use client funds for its own purposes. 

tio markets main page.png

Trading assets offered by TIO Markets

*CFD stands for Contract for Difference and such instruments enable traders to speculate on underlying asset prices without owning them. 

TIO Markets offers a wide range of tradable instruments, including CFDs on stocks, Forex, indices, commodities, and metals. 

Forex trading on TIO Markets

Forex is a giant financial market with trillions of dollars traded on a daily basis. Forex pairs offer traders the ability to speculate on the prices of certain currencies and TIO Markets offers access to 46 FX pairs which is a decent number. With spreads being low on VIP account types it is possible to use scalping strategies. The broker also allows hedging and trading robots in the form of Expert Advisors (EAs). The spreads start from 0 pips for some accounts and are very attractive for a wide audience of intra-day traders. Since there are so many, the number of exotic and minor pairs is vast. The broker also offers learning resources on Forex trading which we will discuss below in the education and research section of this review. 

Stock CFD trading on TIO Markets

Stocks can be bought and then sold, and there is no option for short-selling normal stocks. But CFDs offer exactly this ability, making stock CFDs awesome speculative instruments. While they are risky it is still a great tool in experienced traders’ arsenal. All stock CFDs have very low spreads on TIO Markets’ platforms enabling traders to make money no matter what the market is doing. The broker offers stock CFDs for many popular companies around the world. Educational materials are provided below stock trading specs and make it easier for beginners to find some basic guidance. The lowest spread is 0.2 and the most frequently offered spread is 0.3 USD. 

Commodities and indices trading on TIO Markets 

There are various indices offered by the broker and the lowest spread is on the UK100 index with 1.4 or 0.15 pips which are very competitive. The spread for the S&P 500 starts from 0.8 USD or 8 pips and is within the industry average.The S&P 500 is the average price of the 500 largest US companies that are trading on the US stock exchanges and it offers a great performance measure for the whole US stock market. Indices are great instruments for not only measuring the sector or the market and its performance but with CFDs, it is possible to speculate on their prices. Commodities on the other hand are various materials and resources used in manufacturing and traders can measure the pulse of agriculture, energy, and precious metal markets by monitoring their prices. From the 9 commodities offered, the lowest spreads are applied to USOILs100 with 0.2 and UKOILs100 with 0.3 spreads. All commodities, as with other instruments, are also CFDs making it possible to buy or sell them right away for speculative purposes. As we can see, the broker offers both soft and hard commodities with attractive trading terms. 

Account types available for traders on TIO Markets

Four account types are offered by TIO Markets which have increased flexibility and require more capital as the commissions decrease. The accounts are Standard, VIP Black, VIP, and Signature. The spreads are low and start from 0.1 pips for major pairs on commissioned accounts like VIP and Signature, while the commissions are applied to these accounts for such a low spread. The spreads for the Standard account, however, start from 1 pip. This spread is within the industry average territory and should be sufficient for any day traders. For scalpers accounts with lower spreads will be required to make small profits without spreads eating into their profits. The downside for the Standard account is the commissions of 5 USD round turn per 1 lot traded. This commission with 1 pip spread is unattractive and traders will have to open another account type with commissions but much lower spreads. The difference between different account types is only the amount of fees applied to trading volume and spreads. All other parameters are the same. The minimum deposit required is also different as advanced accounts like VIP, VIP Black, and Signature have lower fees. The commission for VIP Black is 0 USD, for the VIP it is 2 USD, the Standard account comes with 5 USD commission, and for the Signature account the fee is 4 USD, all commissions are round turn per 100k traded. 

Pros & cons of TIO Markets account types

Low barriers to entry. Accounts can be opened with as little as 10 USDSome account types have very similar terms and do not provide any advantage 
Enables traders to use demo and Islamic accountsNo accounts without spread markups
Offers a variety of account types to choose from: Standard, VIP Black, VIP, Signature 
Low trading commissions and low spreads 

Getting started on TIO Markets – Main steps

In this section, we’ll show you how to open a live trading account on TIO Markets. The registration process and account activation are digital, and the broker’s web page is very intuitive and user-friendly. In addition, customer support agents are available 24/7 and the website is available in 18 languages. In case you have any questions it is easy to connect with the broker representatives via live chat. 

Step 1: Open an account

Registering an account is pretty self-explanatory on the website. Users first have to agree that they have read the notice about the broker's services and restrictions in certain countries and then a registration form will appear that can be filled out within three steps. These three steps will require users to enter valid information of name, email, and phone number. 

tio markets reg form.png

Step 2: Time to verify your account

Two document types are required for account verification, namely proof of identity and proof of address which may be uploaded or sent to support via email. The verification process usually takes less than 24 hours and may be done within a few hours if all documents are without any issues. The detailed requirements for each document type are as follows:

  • Proof of address: Full-page copy of a utility bill or bank statement, dated within the last 6 months - (a downloaded online copy is acceptable).
  • Proof of Identity: Government-issued identification card or passport with your full name, photograph, date of birth, and date of issue/expiry clearly visible

Documents can be uploaded from the client portal after the first step of registration is completed. It is always recommended to finish the verification process first and only then start trading not to face any issues that may complicate the process of withdrawals. 

Step 3: Make your deposit and start trading

The payment methods are so diverse that almost anyone can transfer and operate a trading account on the TIO Markets website. Supported systems include bank transfers, credit/debit cards, e-wallets, Fasapay, Neteller, and Skrill. After the registration and verification process is completed the only thing remaining is to select a trading account type, and trading platform and start trading. 

Fees & commissions of TIO Markets

Comparing TIO Markets fees with other brokers

TIO Markets fees compared to Interactive Brokers fees

Type of FeeTIO MarketsInteractive Brokers
EUR/USD SpreadFrom 1 pipFrom 0.6 pips
Fees on Deposits0 USD1%
Inactivity fee30 USD per month after 3 months of inactivityNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

TIO Markets fees compared to CM Trading fees

Type of FeeTIO MarketsCM Trading
EUR/USD SpreadFrom 1 pipFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee30 USD per month after 3 months of inactivityYes, 15 EUR/USD per month after 60 days of inactivity

TIO Markets fees compared to plus500 fees

Type of FeeTIO Marketsplus500
EUR/USD SpreadFrom 1 pipFrom 0.8 pips
Fees on Deposits0 USDNo
Inactivity fee30 USD per month after 3 months of inactivityYes, 10 USD per month after 3 months of inactivity

TIO Markets fees compared to XM fees

Type of FeeTIO MarketsXM
EUR/USD SpreadFrom 1 pipFrom 0.6 pips
Fees on Deposits0 USDNo
Inactivity fee30 USD per month after 3 months of inactivityYes, 15 USD after 12 months, +5 USD/m

TIO Markets fees compared to AvaTrade fees

Type of FeeTIO MarketsAvaTrade
EUR/USD SpreadFrom 1 pipFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee30 USD per month after 3 months of inactivityYes, 50 USD after 3 months, 100 USD administration fee after a year

TIO Markets fees compared to Capital.com fees

Type of FeeTIO MarketsCapital.com
EUR/USD SpreadFrom 1 pipFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee30 USD per month after 3 months of inactivityYes, 50 USD after 3 months, 100 USD administration fee after a year

Trading platforms of TIO Markets reviewed

There are two main platforms offered for trading, namely MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are very advanced and offer chart analysis tools and indicators. MT5 has several advantages as it offers more inbuilt features. MT5 comes with an inbuilt economic calendar and offers more timeframes, order types, indicators, and graphical objects. The symbols available in MT5 are 263 vs MT4’s 175. Other than these small differences both platforms offer similar capabilities. Trading robots can be used with both platforms and TIO Markets also allows hedging. All in all both platforms are advanced software and have all the tools necessary to fully analyze price charts and even track the fundamental news directly from the platform in the case of MT5. Countless trading robots called EAs, or Expert Advisors, can be downloaded from the online marketplace, some of them are free, while most paid ones can be tested before purchasing. These EAs enable traders to fully automate the trading process. 

Education and research tools

Each asset class section on the website has its own educational resources linked below it, making it very comfortable and convenient to click on the link and learn the basics about them. All types and kinds of learning materials can be found on the TIO Markets website including educational video tutorials and webinars. By using these resources even most beginners can make sense of Forex and CFDs market basics. As for market research tools, there are daily market news and analysis resources provided together with an inbuilt economic calendar to track the fundamentals. 

Customer support of TIO Markets

Customer support is available 24/7 and the website is available in 18 different languages. There are several options to contact the broker’s representatives directly. Live chat is the most convenient way for resolving any issues or getting answers to any questions that may arise during the trading process. Other support forms include an online form to leave a message, email address, and phone number. Live chat is the most comfortable way for contacting the broker. 


TIO Markets is a broker that offers a diverse range of account types suitable for various trading styles. With its low spreads, high leverage, and access to advanced trading platforms, it is an attractive option for day and intra-day traders. The main downside of the broker is its weak regulations. TIO Markets provides access to a wide range of tradable instruments, including CFDs on stocks, Forex, metals, indices, and commodities. The broker follows respectable safety policies and provides its traders with negative balance protection, segregated accounts, and is part of a compensation fund. All in all, the broker seems a decent option for traders who prefer to use MT4 and MT5 with low spreads and affordable commissions. 

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FAQs on TIO Markets

Is TIO Markets a good broker?

TIO Markets lacks strict regulations but follows all security policies that you would come to expect from this industry. Additionally, the account types are diverse with low spreads and commissions. All in all the broker seems legit and reliable, but traders should test the waters with small accounts before going big. 


Which account type should I use for scalping?

The most appropriate trading account for scalping purposes is the one with the lowest spreads and low commissions. Such an account type from TIO Markets is called a VIP account. It has spreads from 0 pips and commissions of 2 USD per lot round turn.