Pros & cons of TrioMarkets broker

TrioMarkets Fact sheet

Finding a safe broker is of utmost importance for every trader, and we, as a broker review page, always put a high emphasis on safety and security. 

TrioMarkets is regulated in multiple jurisdictions, including France, Germany, Italy, the Netherlands, Portugal, and Spain. Therefore, it is safe to open a live trading account with this broker.

TrioMarkets offers a good selection of currency pairs, however, other assets are limited. It should be mentioned that there are many industry leaders that offer much more tradable company shares, commodities, and indices in terms of quantity.

Forex trading on TrioMarkets

There are 64 available currency pairs with this broker, including major, minor, and exotic pairs. Trading fees differ based on account types. 

Stock CFD trading on TrioMarkets

While it’s true that the number of available company stocks is limited, TrioMarkets offers the most actively traded CFDs on stocks. CFDs are superior when it comes to short-term market speculations, on the other hand, investors that are looking for long-term investment options generally purchase physical stocks.

Crypto CFD trading on TrioMarkets

There are 4 crypto derivatives available for trading with this broker, including:

• Bitcoin vs US Dollar
• Litecoin vs US Dollar
• Ethereum vs US Dollar
• Ripple vs US Dollar

Commodity CFD trading on TrioMarkets

Clients of TrioMarkets can access the most actively traded commodities, such as:

• Gold vs US Dollar
• Silver vs US Dollar
• Platinum vs US Dollar
• Palladium vs US Dollar
• Brent oil vs US Dollar
• Crude oil vs US Dollar
• Natural Gas vs US Dollar

Indices trading on TrioMarkets

Company indices help traders assess certain sectors of the economy as indices track the performance of a certain basket of stocks. Moreover, indices can be traded as CFDs. TrioMarkets offers some of the most popular indices for trading such as the S&P 500, FTSE 100, Dow Jones index, and others.

Money can be made using various trading styles on the market. To meet the expectations of different trader types, TrioMarkets offers 4 account types. 

Pros & cons of TrioMarkets account types

Basic, Standard, and Advanced account types charge no commissions, and trading fees are included in spreads. As you go from Basic to Advanced, trading conditions improve and lower trading fees are applied, however, opening the Advanced account requires an initial deposit of 25,000 USD or higher. Meanwhile, the Basic account can be opened using as little as 100 USD. These account types are best suited for less active traders, such as swing and position traders. For active traders, the Premium - ECN account is most suitable, as there are no spread markups on this account and there are 4 USD commissions. However, to open the Premium account, traders need to deposit over 50,000 USD. The available account currencies are Euro and US dollars, and traders have access to up to 500:1 leverage on all account types. 

Comparing TrioMarkets fees with other brokers

To get a clearer picture of the trading fees at TrioMarkets, let’s take a look at the table below. For the comparison, we picked the trading fees of the Standard account. 

TrioMarkets fees compared to Interactive Brokers fees

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

TrioMarkets fees compared to CM Trading fees

TrioMarkets fees compared to plus500 fees

TrioMarkets fees compared to XM fees

TrioMarkets fees compared to AvaTrade fees

TrioMarkets fees compared to Capital.com fees

TrioMarkets offers MetaTrader 4 (MT4) as its main trading platform. MT4 is known to be a highly reliable and simple platform. The simplicity helps MT4 gain popularity among beginner and professional traders alike. However, simplicity doesn’t mean low-quality as the platform enables traders to conduct extensive technical analysis. 

The broker offers mobile and web trading apps in addition to Desktop software to its clients. The mobile apps help traders keep track of market developments and keep an eye on their portfolio from anywhere in the world. 

Educational materials and tools for market research and analysis are scarce with this broker. Only general articles, market analysis, and an economic calendar is available. There are no webinars, seminars, or trading courses for traders to enhance their knowledge. For this reason, TrioMarkets gets a low mark in this section. 

TrioMarkets provides its clients with professional customer service available in multiple languages, including English, French, Italian, German, and Arabic. Customer support is available 24/5 through email, live chat, and over the phone.

Overall, we can safely say that TrioMarkets is a trustworthy broker. The broker offers the popular MetaTrader 4 trading platform, the account opening process is fast and easy, and there are a variety of account types to choose from. On the downside, the number of available assets is limited to only 142, and trading fees are high for Basic and Standard account-type users. Educational material is scarce, but on the upside, customer support is highly professional and friendly.