TrioMarkets Review |
|
| 📅 Year founded |
2014 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Silicon Avenue Ebene, Mauritius |
| 🌍 Country of regulation |
Mauritius / Cyprus / UAE |
| ✅ Regulators |
FSC / CySec / DED |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$100 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Shares / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Neteller / Skrill / PerfectMoney |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
None |
| 💰 Account Currencies |
USD / EUR |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
ECN / PAMM / MAM |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
None |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
500:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Account type dependant |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
Unknown |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
140 + |
| 📙 Education |
Articles / FAQ |
WHAT IS TRIOMARKETS?
TrioMarkets is a distinguished online trading broker that specialises in forex and various CFDs. The firm was established in 2014 by a group of three financial experts who pooled their extensive backgrounds in the financial markets to create a brokerage that emphasises integrity, transparency and service excellence.
TrioMarkets is regulated by several financial authorities around the world, which underscores its commitment to providing a secure and compliant trading environment. These regulatory bodies include the Financial Services Commission (FSC) in Mauritius, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and the Dubai Economic Department (DED) in the UAE.
The global reach and regulatory framework of TrioMarkets enable it to offer a stable and safe trading platform to a diverse client base. This regulatory oversight provides traders with peace of mind, knowing their investments are handled professionally and ethically.
Through compliance with international financial standards and local regulations, TrioMarkets demonstrates its dedication to fostering trust and reliability in its trading relationships.
INTRODUCTION
TrioMarkets was founded with a clear mission to democratise the trading landscape by offering a transparent, reliable and fair trading experience to individuals across the globe. Established by a trio of financial industry veterans, the brokerage aims to bridge the gap between retail and institutional traders by providing access to top-tier trading resources and technologies.
The company has meticulously sculpted a service offering that caters to a wide array of traders, from beginners seeking straightforward entry into the markets, to seasoned professionals demanding robust trading tools and fast execution speeds. TrioMarkets distinguishes itself in the crowded market space by combining industry expertise, innovative technology and customer-focused support to ensure that all traders, regardless of their experience level, can optimise their trading strategies in diverse market conditions.
PROS & CONS
PROS
- Regulated by reputable financial authorities.
- Offers a wide range of trading instruments.
- Provides the world-renowned MetaTrader4 trading platform.
- Provides competitive spreads and commissions.
CONS
- Limited educational resources for beginners.
- Minimum deposit requirement is $100 USD.
TRADING INSTRUMENTS
Although limited in number, TrioMarkets offers an extensive range of trading instruments, catering to a diverse client base with varying interests and investment strategies. The availability of multiple asset classes allows traders to diversify their portfolios and explore opportunities in different markets.
Forex
TrioMarkets provides access to a wide variety of currency pairs including major pairs like EUR / USD, minor pairs and exotic pairs. This offers traders the flexibility to trade on global economic events and market dynamics, with low spreads and flexible leverage options.
Indices
Traders can engage with some of the world’s leading indices through TrioMarkets. This includes indices from the US, Europe, Asia and Australia, such as the Dow Jones Industrial Average, FTSE 100 and Nikkei 225.
Trading indices allows investors to speculate on the movements of entire sectors or economies without having to select individual stocks.
Commodities
The brokerage offers the ability to trade a range of commodities, which includes precious metals like gold and silver, as well as energy commodities such as oil and natural gas. Commodities trading is often used as a hedge against inflation and currency devaluation.
Shares
Share trading with TrioMarkets encompasses a broad selection of global stocks, enabling traders to buy and sell shares from major companies in the US, Europe and Asia. This allows clients to participate directly in the equity markets and benefit from the economic performance of individual companies.
Cryptocurrencies
Recognising the growing demand for digital assets, TrioMarkets also provides its clients with the opportunity to trade popular cryptocurrencies. This includes Bitcoin, Ethereum, Litecoin and other major cryptocurrencies.
Crypto trading is particularly appealing due to its high volatility, which can offer significant trading opportunities but also increased risk.
By offering such a diverse range of trading instruments, TrioMarkets enables its clients to expand their trading activities and strategies to capitalise on different market conditions and economic cycles. This comprehensive selection makes the brokerage suitable for traders looking to consolidate their trading activities across various asset classes under one platform.
TRADING PLATFORMS
TrioMarkets offers its clients access to one of the industry’s most revered trading platforms: MetaTrader4 (MT4). Known for its robust functionality, reliability and user-friendly interface, MT4 is a preferred choice among both novice and experienced traders globally.
MT4 provides a highly customisable trading environment. Traders can personalise layouts, choose from a variety of charts and tools and adjust settings to match their trading style.
The platform is equipped with an extensive range of technical analysis tools, allowing traders to analyse price movements with precision. It supports multiple time frames and chart types and traders can apply various technical indicators and graphical objects to their charts.
MT4 excels in automated trading through its Expert Advisors (EAs). Traders can develop their own EAs using the MQL4 programming language or install pre-built ones.
This feature enables trading strategies to be executed automatically, minimising the need for manual intervention.
MT4 offers a ‘Signals’ service where traders can subscribe to signals from other traders who have opted to share their strategies. This service is especially useful for beginners looking to learn from experienced traders.
The platform employs industry-standard encryption protocols to ensure that all trading activity and personal data are securely transmitted. Security features include data encryption and secure execution of trading operations.
MT4 is available on desktop (Windows, Mac) and mobile (iOS, Android), allowing traders to manage their accounts and trade from anywhere in the world with an internet connection.
By offering MetaTrader4, TrioMarkets ensures that its clients are equipped with a powerful tool that enhances their trading capabilities, whether they are focused on forex, CFDs or other instruments. This platform choice reflects TrioMarkets’ commitment to providing technology that supports effective and efficient trading strategies.
ACCOUNT TYPES
TrioMarkets offers a variety of account types tailored to meet the needs of different traders based on their experience level, trading style and financial goals. Each account type comes with its own set of features, benefits and conditions, allowing traders to select the option that best suits their requirements.
Basic Account
Designed for newcomers to the trading world, the Basic Account serves as an entry-level option. This account type provides higher spreads from 2.4 pips while no commissions are charged on trades.
Additionally, leverage of up to 500:1 is available and a minimum deposit of $100 USD is required.
Standard Account
The Standard Account is a step up and is geared towards traders who have some experience in the markets. This account offers tighter spreads starting from 1.4 pips while no commissions are charged on trades.
Leverage of up to 500:1 is available, while a fairly high minimum deposit of $5 000 USD is required.
Advanced Account
Aimed at experienced traders, the Advanced Account offers even tighter spreads starting from 1.1 pips and no commission rates. Leverage of up to 500:1 is available but a high minimum deposit of $25 000 USD is required.
Premium-ECN Account
The Premium-ECN Account is tailored for high-volume professional traders and offers the best trading conditions available at TrioMarkets. This account type provides the lowest spreads starting from 0.0 pips while commissions are charged at $4 USD per lot traded.
This account type leverages Electronic Communication Network (ECN) technology to ensure ultra-fast execution with no-requotes. For these benefits, a high minimum deposit of $50 000 USD is required.
Each account type at TrioMarkets is designed to cater to the evolving needs of traders as they progress from beginners to seasoned professionals. The variety in account offerings ensures that every trader can find a match for their trading strategy and capital outlay, with the flexibility to switch as their trading skills develop and their investment capital increases.
While the account types have high minimum deposit requirements, this approach helps TrioMarkets to support its clients’ growth in the financial markets effectively.
HOW TO OPEN AN ACCOUNT
Opening an account with TrioMarkets is a streamlined process and can easily be done via the broker’s website. Firstly, traders are required to upload their personal information and the required documents.
Once these documents have been verified, traders are able to select their account type, deposit funds and begin trading.
DEMO ACCOUNT
A demo account is available, allowing traders to practice trading strategies without any financial risk. This is an excellent way for new traders to gain experience and for seasoned traders to test new tactics.
SOCIAL TRADING AND COPY TRADING
TrioMarkets offers options for social and copy trading through PAMM accounts, which are excellent for those who prefer to follow or copy the trades of experienced traders. This feature helps in leveraging the expertise of seasoned traders.
Additionally, through the provision of MT4, traders are able to access EAs and signals provided by traders on the MT4 platform.
COMMISSIONS AND FEES
TrioMarkets maintains transparency with its fee structure. While it offers competitive spreads, there are commissions on certain trades, depending on the account type.
Most account types do not charge any commission fees as the broker makes their money off spreads. However, the Premium-ECN account does charge commissions at $4 USD per lot traded.
Additionally, the broker does not charge any inactivity fees.
LEVERAGE
The leverage at TrioMarkets can go as high as 500:1 and is flexible across all account types. The leverage is easily adjustable once an account has been set up.
WITHDRAWALS AND DEPOSITS
Deposits and withdrawals are streamlined with multiple payment methods available including bank transfers, credit and debit cards and various eWallets. TrioMarkets processes these transactions with high efficiency and security.
The broker does not charge any fees on withdrawals or deposits although they do state that such fees may be charged by third-party financial service providers.
CUSTOMER SERVICE
Customer service is available through multiple channels including email, phone and live chat. The service is knowledgeable and responsive, although availability might vary depending on the client’s location.
Generally, the broker’s customer service is available 24/5.
SAFETY AND SECURITY
TrioMarkets places a strong emphasis on the safety and security of its clients’ funds and personal information. The broker adheres to strict regulatory standards imposed by several reputable regulatory bodies across different jurisdictions.
These regulatory authorities ensure that TrioMarkets operates within legal frameworks designed to protect traders and maintain the integrity of the trading environment.
Cyprus Securities and Exchange Commission (CySEC)
As one of the primary regulators, CySEC ensures that TrioMarkets complies with the EU’s financial regulations, including the Markets in Financial Instruments Directive (MiFID II). This regulatory framework enhances transparency across the European Union’s financial markets and aims to increase the security of investment services.
Financial Services Commission (FSC) in Mauritius
The FSC provides an international regulatory environment for TrioMarkets, facilitating global trading operations. This body ensures that TrioMarkets adheres to international financial and anti-money laundering (AML) standards, offering an added layer of security to traders around the world.
Dubai Economic Department (DED)
By being regulated under the DED, TrioMarkets demonstrates its commitment to upholding the high financial standards and operational practices required within the UAE. This regulation ensures that the broker conducts its business with integrity and transparency, which is critical for maintaining client trust and satisfaction.
In addition to regulatory oversight, TrioMarkets employs various security measures to protect client data and funds including the segregation of client funds, SSL encryption, risk management protocols and additional compliance and monitoring methods.
These comprehensive safety and security measures, coupled with robust regulatory oversight, ensure that TrioMarkets provides a secure and reliable trading environment for its clients. By prioritising the safety of client assets and information, TrioMarkets maintains its reputation as a trustworthy and secure broker in the competitive world of online trading.
PROMOTIONS
TrioMarkets occasionally offers promotions and bonuses to attract new traders and reward existing clients. Currently, the broker does not offer any promotions but traders are encouraged to regularly visit the broker’s website in the event that this changes.
RESEARCH
The broker provides comprehensive market research tools including economic calendars, market analysis videos and trading signals, aiding traders in making informed decisions. Additionally, through the MT4 platform, traders are able to access various research tools available on the platform.
EDUCATION
While TrioMarkets offers some educational resources such as the glossary and a FAQ section, it is more focused on intermediate and advanced traders. However, traders are able to access various educational resources through various sources on the internet, ensuring that the lack of educational resources is not a dealbreaker.
GLOBAL AWARDS
TrioMarkets has received several awards acknowledging its service excellence and technological advancements, reinforcing its status in the global trading community. Some of their most recent awards include the following:
- Most Transparent Trading Platform (2024) – World Business Outlook.
- Most Trusted Trading Platform (2024) – World Business Outlook.
- Best Forex Broker (2024) – World Business Outlook.
- Most Trusted Forex Broker (2024) – Finance Derivative Magazine.
SAFE OR SCAM?
When evaluating whether TrioMarkets is a safe broker, it’s crucial to consider its regulatory backdrop and operational practices. TrioMarkets is regulated by several respected financial authorities including CySec, the FSC in Mauritius and the DED in the UAE.
These regulatory bodies are known for their strict oversight and comprehensive regulatory frameworks, which ensure that TrioMarkets adheres to high standards of financial security and ethical business practices.
The presence of regulation by CySEC is particularly noteworthy as it aligns TrioMarkets with EU financial regulations, including adherence to the Markets in Financial Instruments Directive (MiFID II). This directive enhances the transparency of financial markets within the EU and provides greater protection for investors.
Additionally, TrioMarkets employs industry-standard security measures such as SSL encryption to protect client data and maintains segregated accounts to ensure client funds are not used for any other purpose than the intended trading activities. These practices are hallmarks of reputable financial service providers and are critical in distinguishing legitimate brokers from scams.
The combination of stringent regulatory oversight, compliance with international financial standards and robust security measures provides a strong assurance that TrioMarkets operates with integrity and reliability. Therefore, TrioMarkets can be considered a safe choice for traders looking for a secure trading environment.
CONCLUSION
TrioMarkets is a reputable broker offering a comprehensive and secure trading environment. With its range of instruments, advanced platforms and diverse account options, it caters well to a broad spectrum of traders.
While there are areas for improvement, particularly in educational resources, its overall offerings make it a commendable choice for those looking to trade in the forex and CFD markets.
After conducting the above review into the broker, the team at Brokersuggest.com can highly recommend TrioMarkets as a broker that provides a superb trading environment. The only drawback is the high minimum deposit requirements and thus, this broker is probably suited better to more experienced, wealthier traders.
