TrioMarkets Review

Point Summary

Is TrioMarkets™ safe or a scam

Triomarkets are regulated in various jurisdictions. BENOR Capital Ltd is registered as an Investment Dealer (Broker) with registration number 160496. Licensed by the Financial Services Commission (Mauritius) under license number C118023678. Registered Office 5th Floor, The Core 62 Ebene Cybercity, 72201, Mauritius and has the license to perform operations under the trading name TrioMarkets.


They are also authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) as EDR Financial Ltd under license number 268/15.

CySEC offers regulatory protection to traders and investors under the European Markets in Financial Instruments Derivatives (MiFID), with a uniform regulatory framework for all financial companies operating in the EU.

TrioMarkets is required by European law to hold at least €1 million in operating capital and is bound by CySEC to ensure that they are capable of meeting its clients’ debt obligations without fail.

Following the strict regulations of CySEC applicable across the entire European Union, TrioMarkets appears to offer a wholesome and thorough service to clients all over.

A segregated account is used to keep the customers’ funds separate from the Company Funds. This is done for a few reasons, including creating a clear separation between the two groups of money so neither is used for the wrong purpose, and also to make sure that the money can be easily identified as belonging to customers in case anything happens to the firm.

All clients with TrioMarkets™ will have a segregated account whereby your funds are secure and kept separate from their own.

At TrioMarkets™ all funds are held specifically within the Swissquote headquarters in Switzerland.

How are you protected in TrioMarkets?

TrioMarkets operates some legal entities and serves customers based on their residency. This matters because the entity you belong to defines the amount of protection you get.

TrioMarkets offers protection to its investors regarding the safety of funds against broker insolvency, as CySEC has developed the ICF (Investor Compensation Fund) to offer compensation of up to €20,000 in case the broker goes into default. However, according to CySec this amount can be just €3,417 depending on how your broker is structured. You will need to check with your account manager which is applicable to you as it varies by your country and regulation.

The Financial Services Compensation Scheme (FSCS) provides up to GBP 85,000 coverage to UK clients in case of a broker default and they list no additional or private coverage. UK client funds are held locally at Barclays Bank but money handling for mainland Europe includes fewer protections as the fine print states that funds can be held at multiple third parties outside of Cyprus.

Your level of funds protection will depend on where your regulation is from. It is impossible to say here what your regulation is because there are many permutations that go into determining your regulation. Our best advice is to ask customer service from time to time about the protection amount of your actual portfolio.

Due to these policy, as a client with TrioMarkets™, you can feel confident when trading that all of your trades will be completed under the highest level of security, integrity and transparency.

Accounts

TrioMarkets offers a variety of trading accounts, from small accounts targeted at the newer traders, and alternative account options for the more experienced, and professional traders. The four accounts apart from the professional option, are Basic, Standard, Advanced, Premium and Demo.

BASIC ACCOUNT

This account is designed for traders who want to trade with zero commission starting with a minimum initial investment of $500. The Basic account is accessible for beginners who are looking to begin their trading journey with a friendly and transparent broker.

STANDARD ACCOUNT

Keep it simple with TrioMarkets Standard account. Experience trading with low spreads starting from 1.4 pips per standard lot, with quote prices coming directly from liquidity providers. Give yourself the advantage to trade with the world’s most popular trading platform – MetaTrader 4.

ADVANCED ACCOUNT

The Advanced account is suited for more experienced traders who want to trade with raw spread. Enjoy ultra-fast trading with an average execution speed of 32ms and absolutely no trading restrictions. All strategies and Expert Advisers are welcomed.

PREMIUM ACCOUNT

Premium account offers you even better trading conditions with zero commission and only $4 per side per standard lot. Take advantage of the highest standard of service with a dedicated account manager to assist with your needs and requirements.


Below is the comparision of each live accounts:

	BASIC	STANDARD	ADVANCED	PREMIUM
FX Leverage:	up to 1:500	up to 1:500	up to 1:500	up to 1:500
CFD Leverage:	up to 1:100	up to 1:100	up to 1:100	up to 1:100
Min. Spread:	2.4 Pips	2.4 Pips	0.0 Pips	0.0 Pips
Commission per side:	NO COMMISSION	NO COMMISSION	$5.5	$4
Min. Trade Volume:	0.01 lot	0.01 lot	0.01 lot	0.01 lot
Min. Deposit:	500 USD or equivalent	500 USD or equivalent	25000 USD or equivalent	50000 USD or equivalent
Deposit / Withdrawal Methods:	Wire Transfer, Credit Cards, Skrill, Neteller	Wire Transfer, Credit Cards, Skrill, Neteller	Wire Transfer, Credit Cards, Skrill, Neteller	Wire Transfer, Credit Cards, Skrill, Neteller
Account Currency:	EUR/USD/GBP/CHF	EUR/USD/GBP/CHF	EUR/USD/GBP/CHF	EUR/USD/GBP/CHF
Margin Call / Stop Out	200% / 50%	200% / 50%	200% / 50%	200% / 50%
Withdrawal time:	24 Hours	24 Hours	24 Hours	24 Hours

TrioMarkets also offers Islamic accounts, which are shariah compliant.

Note:
The number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.

How to open new account at TrioMarkets

As TrioMarkets is regulated by CySEC, Register a forex trading account with TrioMarkets for the first time, you will be required to go through a basic “know your customer” process.

This will allow TrioMarkets to make sure that your submitted personal details are correct and the safety of your funds and your account details are ensured.

After the initial registration you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account.

Every new TrioMarkets client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll be asked for:

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement younger than three months showing your address

You might be able to explore TrioMarkets’ platform straight away, but you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

Click here to open an account with TrioMarkets

Demo account

The Forex market offers attractive opportunities for traders, but also involves risk. That’s why before diving into Forex trading with a live account, it’s best to open a risk-free Forex demo account. The TrioMarkets Demo Account provides the same Forex trading experience as real accounts. The only difference is that the funds on the Forex demo account are simulated. You don’t trade with real money, so it is completely risk-free.

Demo accounts are intended to enable you to familiarise yourself with the tools and features of their trading platforms. Success or failure in simulated trading bears no relation to probable future results with any live trading that you may choose to engage in.

TrioMarkets offers you the opportunity to trade with no risk via Demo account. Practice trading the markets with 100,000 virtual funds.
 

FX Leverage:	up to 1:500	Min. Deposit:	No minimum
CFD Leverage:	up to 1:100	Deposit / Withdrawal Methods:	No Deposit / No Withdrawal
Min. Spread:	Depending on the type of accounts	Account Currency:	EUR/USD/GBP/CHF
Commission per side:	Depending on the type of accounts	Margin Call / Stop Out	200% / 50%
Min. Trade Volume:	0.01 lot	Withdrawal time:	24 Hours

 

How long does my demo account last for?

TrioMarkest will keep the demo account open indefinitely once you start trading the live markets.

Products

Be aware that Different entities under Trio Markets Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Trio Markets over 230 instruments infact.

Below is a list of just some of the markets available for trading:
 

Trading Platforms

Desktop Trading Platforms

MT4

The MT4 can be easily installed on any computer and gives you access to all of trading assets. The MT4 platform also gives traders over 50 charting tools and built-in indicators to choose from. Trades can be executed manually or automatically.

Benefits of MT4 Platform:

• Intuitive trading interface
• Huge range of customizable features
• One click trading options
• Real time charting and analysis tools
• Support for self-developed trading algorithms and Expert Advisors (EAs)

Key Features of the TrioMarkets™ MT 4 Platform:

• Trading Forex, commodities and indices from one single platform
• The ability to place limit and stop levels from one (1) pip on all the Forex major pairs
• Able to set stop losses and take profit while opening another trade simultaneously
• Option to trade mini lots, also called 0.01 lots. This gives you the capability of trading more precise lot sizes. In return, your risk management is more controllable
• The platform offers anonymous FX trading. Providers do not have the ability to see your stop loss or pending trader orders
• There is no trading conflicts between the client and the broker
• There are no trading restrictions

MT4 TrioXtend

MT4 Trio Xtend is a suite of market-informed apps created for TrioMarkets traders to optimize their ability to trade successfully.

Offering traders cutting-edge tools as an extension to the MT4 trading platform, MT4 Trio Xtend gives both novice and experienced traders the unique opportunity to trade as professionals.

MT4 TrioXtend package features:

• Innovative management tools
• Advanced trade execution
• Sentiment Trading
• Sophisticated alarms
• News and Market data

Web Trading Platforms

The Web Trader is an addition for your MT4 Trader and allows you to trade from any computer or mobile smart device. All you need is an internet connection.

Why Choose MT4 Web Trader?

This is a web-based version, which has the majority of the same features as the MT4 Desktop application. It is compatible with all popular web browsers and runs without needing to download, install or run, any additional software.

Use your time more efficiently by spending less time on navigation and more on trading. WebTrader gives our traders a variety of tools and all the functions they need to make a successful trade.

Mobile Trading Platform

TrioMarkets™ makes it easy for you to trade no matter where you are. As long as you have an internet connection you are able to trade and get all of you market analysis on the MetaTrader 4 state of the art Mobile Application.

It is available through the Google App Store or iApps:


The TrioMarkets™ Mobile Trading application includes the following features:

• Market and conditional entry orders
• Set stop and limit orders
• The ability to trade from multiple accounts
• Live Quotes
• Interactive Charts
• Real time charting
• Comprehensive range of chart types
• Multiple time frames
• Over 30 technical indicators from our MT 4 Trading Software
• The ability to check your balance, equity, margin information and more
• Our mobile trader auto syncs to desktop platform
• Edit Open Positions
• Trading History

MAM

The Multi Account Manager (MAM) platform allows traders to handle multiple accounts through one account. Mam Application is commonly used by Money Managers and IBs. It allocates master trades proportionally to the sub accounts by using various allocation methods such as equity, PL or balance.

The most popular method among trades is equity. It allocates master trades to the sub accounts based on the amount of their equity.

EQUITY ALLOCATION METHOD:

Trader opens 1 lot on EURUSD and equity status was 10k, 20k, 30k, 15k, and 25k in each sub account. MAM allocates the 1lot proportionally to each sub account as 0.1, 0.2, 0.3, 0.15 and 0.25. This is the main reason why equity method is mostly used, because it is solid and easy to implement.

There are various advantages to trading forex with a MAM application. One of the most unique advantages is slippage interception. Since the sub accounts only mirror the master account pricing, it is impossible to see price discrepancies. It is guaranteed that all sub trades will be entered from the master trade price.

ADVANTAGES AND FEATURES:

• Direct market liquidity for Master Accounts
• Slippage Interception between Sub Accounts
• Full view over Master and Sub Trades
• Various Reporting Options
• Commission Monitoring
• Easy EA Implementation
• Full control over client accounts through one account
• All trade types are allowed

Which trading platform is better for you?

Most seasoned traders will tell you that all they really want from a trading platform is something that is reliable and easy to use, intuitive, and doesn’t crash. Each platform is unique and has its own pros and cons, so it is best to understand what you want in a forex account, and platform before you get started.

Deposits and Withdrawals

TrioMarkets accepts the following payment methods for fund deposits and withdrawals:

• Wire Transfer
• Credit Cards
• Skrill
• Neteller

Deposits

What is the minimum deposit amount at TrioMarkets?

The minimum deposit requirements depend on the account type you opt for, which are as follows:

• Basic $500
• Standard $5,000
• Advanced $10,000
• Premium $25,000

Deposit Fees?

TrioMarkets accepts Wire Transfer, Credit Cards, Skrill, Neteller. and does not charge any deposit fees. but the payment processor may have some transaction charges.

They don’t charge any fees for fund deposits, Withdrawals can be processed within 6 or 24 hours, depending on the type of account you hold, and it costs 1.5% charge — with a minimum of $25 and a maximum of $50 for wire transfers.

Account Base Currency?
EUR/USD/GBP/CHF

Note: in order to protect you from fraud, something they are very committed to, they require that the name on your credit card being used to fund the account match the name on the account.


Withdrawals

TrioMarkets™ provides a number of payment options based on your deposit method used to initially fund your account. To withdraw the funds the initial deposit payment method shall be used. If the withdrawal amount is higher than the initial deposit amount, the difference shall be transferred via bank wire.

Does TrioMarkets charge withdrawal fees?

• TrioMarkets™ charges a fee of 1.5% of the withdraw amount.
• Wire Transfer Fee is 1.5% with a minimum charge of 25.00 and maximum 50.00 (Base Currency).

How long does withdrawal take?

Withdrawal processing with TrioMarkets can take from two to five working days, but this can also vary and depends on the banking providers you use.

Note: Funds will only be transferred into an account that is registered and in the same name of the TrioMarkets™ account holder.

Commissions and Fees

Like most brokers, TrioMarkets takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

TrioMarkets’ commission charges vary from account type and swap fees are calculated depending on trade size and asset and also according to the exchange rate at the time.

The commisions and spreads displayed below are based on the minimum spreads listed on TrioMarkets’s website. The colour bars show how competitive TrioMarketss spreads are in comparison to other popular brokers featured on BrokerNotes.

Forex	TrioMarkets	TrioMarkets	XTB
EUR/USD(Average: 0.7 pips)	1.4 pips+ $11.00	0.7 pips	0.1 pips
GBP/USD(Average: 1.1 pips)	1.4 pips+ $11.00	1.7 pips	0.1 pips
USD/JPY(Average: 1.1 pips)	0.3 pips+ $11.00	0.6 pips	0.1 pips
AUD/USD(Average: 0.8 pips)	0.2 pips+ $11.00	0.6 pips	0.2 pips
USD/CHF(Average: 2.3 pips)	0.2 pips+ $11.00	2.3 pips	0.2 pips
USD/CAD(Average: 2.9 pips)	0.4 pips+ $11.00	0.5 pips	0.3 pips
NZD/USD(Average: 3.6 pips)	0.4 pips+ $11.00	2.8 pips	0.3 pips
EUR/GBP(Average: 2.4 pips)	0.2 pips+ $11.00	0.5 pips	0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, TrioMarkets’s minimum spread for trading EUR/USD is 1.4 pips - which is relatively high compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with TrioMarkets vs. similar brokers.

How much does TrioMarkets charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with TrioMarkets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against XTB AvaTrade .

	TrioMarkets	XTB	AvaTrade
Spread from:	$ 0.00	$ 2.00	$ 7.00
Commission:	$0.00	$0.00	$0.00
Total cost of a 100k trade:	$ 0.00	$ 2.00	$ 7.00
		$2 more	$7 more

All fees/prices are for informational purposes and are subject to change.

Bonuses and Promotions

At the time of this TrioMarkets review, they did not offer any bonuses or promotions. But this could change over time.

Trading Features

FixAPI

FixAPI allows any trader to connect directly to our liquidity pool with a minimized latency and cost. Minimized latency allows the trader to realize their unique trading strategies.

Advantages of FIX API:

• Low cost multi-tier liquidity.
• Ability to connect with various platform like Ctrader or Ninja Trader
• Exceptional Execution Speed
• Custom build platform compatibility

VPS

VPS (Virtual Private Server) hosting allows Forex traders to use the virtual environment on the hosting company’s servers to run the MetaTrader expert advisors.

Advantages of VPS:

• Trade at any time of day. System will execute the trades for you and therefore there is no need to stay by your PC.
• VPS server systems are checked regularly to make sure that they are functioning properly so you will almost never encounter any technical issues.
• A VPS can execute your trades more quickly than your computer can because it is much faster at transmitting the orders. The result is that you experience less of a delay and less slippage.

Customer Support

Research Education

Educational Material

Before starting to trade, potential clients of TrioMarkets should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

If TrioMarkets’ website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.

TrioMarkets have their own trading education programme called TrioAcademy, which you can sign up to for access to a variety of tools, including e-books, videos, and courses.

TrioMarkets supports beginner clients with a third party set of e-books and video tutorials, corresponding sections on the fundamentals of trading and by using the MT4 trading platform.

At the Trio Academy traders receive free access to trading education via the web or by downloading the TrioMarkets app via iTunes or Android.

Research material

To be able to trade with confidence and success, potential traders should do as much possible research about this kind of speculative trading before commencing, but also preceding every daring deal.

This will ensure that they don’t lose money unnecessarily but make their trade as profitable as possible.

In this session they offer Markets News, Market Calendar, Video Chart Analysic

In my opinion, this session is not rich compare with another platform in the same industry

Conclusion

TrioMarkets is an online trading broker registered in Cyprus to provide forex and CFD trading services to traders all over the world. They have over 230 instruments across six asset classes that can be traded via a wide array of MT4 platforms.

TrioMarkets can be summarily described as a worthwhile company for potential traders, as it offers a fair range of tradable assets and fair service in terms of trading conditions.

TrioMarkets is seemingly targeted at the more well-established and experienced traders. Traders should be wary that a tailor-made platform is developed in such a way that profits can be made easier for the broker, from the clients.

But they don’t seem to support social trading platforms, the minimum deposit for the basic account is quite high at $500 when compared to other brokers. Additionally, educational resources to assist traders is not rich

Yet, we would be glad to know your personal opinion about TrioMarkets you may share your experience in the comment area below, or ask us for some additional information if required.