TrioMarkets Review - A well-regulated Forex broker

www.triomarkets.com
nika
Written by:
Av
konstantinrabin
Calendar
Written on:
18 July 2023
Date
Last edit:
21 February 2024
Our rating:
6.56

6.56

TrioMarkets Review - A well-regulated Forex broker

www.triomarkets.com
nika
Written by:
Calendar
Written on:
18 July 2023
Date
Last edit:
21 February 2024
Our rating
6.56

6.56

Invest responsibly: 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.
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Main summary

TrioMarkets is a well-regulated broker offering financial services globally. The broker offers MetaTrader 4 as its main trading platform and provides access to various asset classes, including CFDs on stocks, cryptocurrencies, energies, Forex, indices, and metals. 

In this review of TrioMarkets, we’ll discuss regulations and essential trading conditions, such as account types, trading fees, trading software, customer support, and so on, in order to aid you in choosing your next Forex broker. 

Pros & cons of TrioMarkets broker

  • Offers high leverage
  • Offers access to MetaTrader 4
  • Fast and digital account opening/verification
  • Offers access to CFDs on Stocks, Cryptocurrencies, Energies, Forex, Indices, and Metals
  • The broker is well-regulated and therefore safe for traders to open accounts with
  • Most payment options are free and instant
  • Various account types are available for different trader types
  • Number of available instruments is very limited compared to the offerings made by competitors. 
  • Popular platforms such as MetaTrader 5, cTrader, and TradingView are not available

TrioMarkets Fact sheet

Main features
Regulations France, Germany, Italy, the Netherlands, Portugal, Spain
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 30 USD after 6 months of inactivity
Minimum deposit 100 USD
Minimum account activation 100 USD
Number of available assets 142
Leverage up to 1:500
Available trading markets CFDs on Stocks, Cryptocurrencies, Energies, Forex, Indices, Metals
Account currencies EUR, USD
Demo account Yes
Live account types Basic, Standard, Advanced, Premium - ECN
Islamic account Yes
Security
Negative balance protection Yes
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Assets
Forex 64
Shares 0
Cryptocurrencies 4
Indices 7
Commodities 7
Total 142
Fees & spread
Forex From 1.4 pips On Standard account
Shares N/A
Cryptocurrencies N/A
Indices N/A
Commodities N/A
Software
Platforms MetaTrader 4
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Credit/Debit Card, Neteller, Perfect Money
Minimum deposit Bank Transfer, Credit/Debit Card, Neteller, Perfect Money
Minimum withdrawal Bank Transfer, Credit/Debit Card, Neteller, Perfect Money
Withdrawal processing time Instant
Time to open an account -
Show all

Safety & Security of TrioMarkets

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.

trio.png
Negative Balance ProtectionYes
Part of the Compensation FundYes
Keeps funds in segregated bank accountsYes

Trading assets offered by TrioMarkets

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.

Forex64 available pairs
Stock CFDs60
Cryptocurrency CFDs4
Index CFDs7
Commodity CFDs7
Bonds0
Futures0
Total tradable instruments142

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.

Account types available for traders on TrioMarkets

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

ProsCons
The Basic account can be opened with as little as 100 USDOnly the Premium account offers ECN trading and offers 0 spread markups. To open this account, traders need 50,000 USD as an initial deposit
Demo and swap-free trading accounts are available. However, the swap-free accounts are only available for residents of Muslim countriesTrading fees are a bit too high on the Basic and Standard trading accounts
MAM/PAMM trading accounts are available 

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. 

Fees & commissions review of TrioMarkets

Account typeSpread on EUR/USD from
BasicFrom 2.4 pips
StandardFrom 1.4 pips
AdvancedFrom 1.1 pips
Premium - ECNFrom 0 pips (On the other hand, this account type holders are charged with 4 USD commissions per traded lot per side)

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

Type of FeeTrioMarketsInteractive Brokers
EUR/USD SpreadFrom 1.4 pips (on Standard account)From 0.6 pips
Fees on DepositsNo1%
Inactivity feeYes, 30 Euros per month after 6 months of inactivityNo*

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

TrioMarkets fees compared to CM Trading fees

Type of FeeTrioMarketsCM Trading
EUR/USD SpreadFrom 1.4 pips (on Standard account)From 0.9 pips
Fees on DepositsNoNo
Inactivity feeYes, 30 Euros per month after 6 months of inactivityYes, 15 EUR/USD per month after 60 days of inactivity

TrioMarkets fees compared to plus500 fees

Type of FeeTrioMarketsplus500
EUR/USD SpreadFrom 1.4 pips (on Standard account)Variable
Fees on DepositsNoNo
Inactivity feeYes, 30 Euros per month after 6 months of inactivityYes, 10 USD per month after 3 months of inactivity

TrioMarkets fees compared to XM fees

Type of FeeTrioMarketsXM
EUR/USD SpreadFrom 1.4 pips (on Standard account)From 0.6 pips
Fees on DepositsNoNo
Inactivity feeYes, 30 Euros per month after 6 months of inactivityYes, 15 USD after 12 months, +5 USD/m

TrioMarkets fees compared to AvaTrade fees

Type of FeeTrioMarketsAvaTrade
EUR/USD SpreadFrom 1.4 pips (on Standard account)From 0.9 pips
Fees on DepositsNoNo
Inactivity feeYes, 30 Euros per month after 6 months of inactivityYes, 50 USD after 3 months, 100 USD administration fee after a year

TrioMarkets fees compared to Capital.com fees

Type of FeeTrioMarketsCapital.com
EUR/USD SpreadFrom 1.4 pips (on Standard account)From 0.9 pips
Fees on DepositsNoNo
Inactivity feeYes, 30 Euros per month after 6 months of inactivityYes, 50 USD after 3 months, 100 USD administration fee after a year

Trading platforms reviewed at TrioMarkets

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. 

Mobile trading at TrioMarkets

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. 

Education and research tools offered by TrioMarkets

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. 

Customer support of TrioMarkets

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.

Conclusion

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. 

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FAQs about TrioMarkets

Is TrioMarkets a good broker for active trading?

Yes and no. TrioMarkets offers a Premium - ECN account type that brings raw trading spreads to investors. The account type is ideal for scalpers, day traders, algorithmic traders, and high-frequency traders. On the downside, to open an account, traders need to deposit 50,000 USD or more to get started.

What is the minimum deposit for TrioMarkets?

TrioMarkets offers 4 live account types to its clients. The minimum initial deposit required to open a Basic account is 100 USD, as for the Standard account, you will need 5,000 USD; to open the Advanced account, you must deposit 25,000 USD or higher, and for the Premium - ECN accounts, traders need over 50,000 USD.