TrioMarkets is an online brokerage firm registered in Cyprus in 2015 to offer trading in forex and CFDs on metals, equity indexes, stocks, and energy commodities through a range of MetaTrader 4 platforms. They offer competitive trading fees and trade execution speeds with minimal requotes.
TrioMarkets Review, Pros & Cons
- Strict regulation
- Clients’ funds held separately in top banks in the UK & Switzerland
- FIX API tool for high-frequency trading
- MAM accounts
- Additional trading tools
- No US clients
- Max 1:30 leverage for non-professional traders
- $500 minimum deposit
- No social trading
- No cryptocurrencies
In this detailed TrioMarkets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Licensed in Cyprus in 2015, TrioMarkets is an online forex and CFD broker providing trading services to clients all over the world. They offer trading in over 130 instruments across currencies, energies, precious metals, stocks, and indexes, which are tradable through their various MT4 platforms for desktop, web and mobile devices (iOS & Android). The minimum deposit for the basic and standard account types are $500 and $5,000 respectively, this is more than double what many other brokerages require to start trading online with them.
TrioMarkets is a name owned and operated by EDR Financial Ltd, which is registered as a Cyprus Investment Firm (CIF) with the registration number: HE336081. The broker is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number: 268/15.
Since the CySEC falls under the umbrella of the Markets in Financial Instruments Directive II (MiFID II), the broker complies with the relevant EU rules in accordance with the local regulations in all the EU nations it serves. Hence, they are registered with the FCA in the UK, ACPR in France, BaFin in Germany, and so on.
TrioMarkets offers its services to clients from all the countries in the European Economic Area, except Belgium. The broker also accepts international clients from all over the globe but does not provide services to residents of the United States of America, State of Israel, Islamic Republic of Iran, and the Democratic People’s Republic of Korea (DPRK).
Some TrioMarkets broker features and products mentioned within this TrioMarkets review may not be available to traders from specific countries due to legal restrictions.
The MT4 Desktop application has a user-friendly interface with a wide range of customizable features, one-click trading options, and support for self-developed trading algorithms and Expert Advisors (EAs).
MT4 Trio Xtend
This is a suite of market-informed apps created for TrioMarkets traders to optimize their ability to trade successfully. It offers innovative management tools, advanced trade execution, sentiment trading, and sophisticated alarms.
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.
TrioMarkets Mobile Trading
TrioMarkets Mobile Trading enables users to trade whislt on the move from anywhere in the world provided they have an internet connection. The mobile trading application has the following features:
- Market and conditional entry orders
- Set stop and limit orders
- The ability to trade from multiple accounts
- Interactive Charts
- A comprehensive range of chart types
- Multiple time frames
- Over 30 technical indicators
- Price alert notifications
- Manage account & positions whilst on the go
- Compatible with iOS & Android devices
Multi Account Manager
This application allows you to manage multiple accounts through one master account. The MAM application can be used by licensed money managers.
It allocates master trades proportionally to the subaccounts by using various allocation methods such as equity, profit/loss, or balance.
TrioMarkets Trading Tools
FIX (Financial Information Exchange) API (Application Programming Interface) allows traders to connect directly to the liquidity pool with a minimized latency and cost. This helps traders to implement their unique trading strategies, such as high-frequency trading. The tool comes with the ability to connect with various platforms like Ctrader or Ninja Trader.
VPS (Virtual Private Server) hosting allows traders to use the virtual environment on the hosting company’s servers to run the MetaTrader expert advisors for uninterrupted algorithmic trading. TrioMarkets provides this service to traders who qualify for it.
TrioMarkets provides an economic calendar, which is automatically updated to give you real-time information about the events and data that could cause market moves. This is often seen as an imperative tool as part of the fundamental analysis of a trading strategy.
TrioMarkets’s academy has a wide range of educational resources for all levels of traders. It is a nice place to learn about the financial markets, how to trade them, and what makes the markets move. The resources available here include e-books, video courses, trading platforms, and fundamental knowledge.
Video Chart Analysis
This section has some videos that will help you to understand how to correctly use technical analysis in order to spot the trading opportunities and potential levels for your trades.
TrioMarkets offers more than 130 tradable instruments spread across forex, stocks, equity indexes, precious metals, and energy commodities. You can trade over 60 currency pairs, including the major, minor, and exotic pairs.
Commodities available with this broker include WTI Crude Oil, Brent Crude Oil, and Natural Gas, as well as precious metals like gold, silver, palladium, and platinum. The broker is currently offering CFD trading in up to 10 equity index futures and over 60 top stocks listed on the major stock exchanges around the world.
TrioMarkets Accounts & Fees
TrioMarkets offers mark-up accounts, in which the commission is included in the spread, and raw accounts, which has separate spread and commission. Clients can choose the type they want which may depend on their trading strategy. E.g. A scalping strategy may require the tightest spreads. Here are the various account types offered by this broker:
- Basic: Mark-up account only (no separate commission), minimum deposit $500, minimum spread 2.4 pips, FX leverage up to 1:30, stop out at 50%
- Standard: Mark-up or Raw, minimum deposit $5000, minimum spread 1.4 pips (no commission), FX leverage up to 1:30, stop out at 50%
- Advanced: FX leverage up to 1:30, stop out at 50% minimum spread 1.1 pips (mark-up) or 0.0 pip (raw, with $5.5 commission)
- Premium: FX leverage up to 1:30, stop out at 50% minimum spread 1.1 pips (mark-up) or 0.0 pip (raw, with $5.5 commission)
- Professional Traders: No leverage restriction, No negative balance protection, no ICF cover
- HNI and Institutional Account: For corporate accounts and high net worth individuals
- Asset management: For qualified investors
As broker fees can vary and change, there may be additional fees that are not listed in this TrioMarkets review. It is imperative to ensure that you check and understand all of the latest information before you open a TrioMarkets broker account for online trading.
TrioMarkets offers a multilingual customer support service that can be reached via email, phone, Fax, Live Chat, and an online contact form. They are available 24/5 to provide you with immediate support during trading hours. You can also reach them via their social media handles — Facebook, LinkedIn, Tweeter, and YouTube.
TrioMarkets Deposit & Withdrawal
TrioMarkets accepts the following payment methods for fund deposits and withdrawals:
- Visa card
- Wire transfer
They don’t charge any fees for fund deposits, but the payment processor may have some transaction charges. 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.
TrioMarkets Account Opening
Opening account with TrioMarkets is straightforward. Simply click on Live Account at the left corner of the broker’s webpage and fill the form displayed.
Next, go and click on the link sent to your email to confirm your email, and then, use the login details in the email message to access your TrioMarkets account. You will need to provide further personal details, answer a few questions, and upload your means of identification and proof of address. It may take a while to verify the documents though. Once your account has been fully verified, you can make a deposit and start trading online when you feel ready to do so.
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 130 instruments across five asset classes that can be traded via a wide array of MT4 platforms.
The broker has a lot of trading tools and educational resources to assist traders, but they don’t seem to support social trading platforms. Additionally, the minimum deposit for the basic account is quite high at $500 when compared to other brokers. They also do not currently support cryptocurrency trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59.01% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.