TrioMarkets Review

Alyaziah Hayat | May 9, 2022

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.

Broker 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

Summary

Licensed in Cyprus in 2015, TrioMarkets is an online forex and CFD broker that provides you with its trading services from anywhere around 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). I would’ve liked to see them offer more instruments for trading like other top brokers such as IG. The minimum deposit for the basic and standard account types are $500 and $5,000 respectively. I find this to be more than double what many other brokerages like Trade Nation require to start trading online with them.

Regulation

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. Though I would’ve liked to see them being regulated by these bodies as well instead of just being registered with them. City Index is a great broker that is strictly regulated by several top bodies.

TrioMarkets EU Regulators

TrioMarkets EU Regulators

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, the State of Israel, the Islamic Republic of Iran, and the Democratic People’s Republic of Korea (DPRK). If your country is not accepted by TrioMarkets, I suggest checking out our broker comparison tool for alternatives.

Platforms

MT4 Desktop

I like how they’re available on the MT4 Desktop application which 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).

TrioMarkets MT4 Desktop

TrioMarkets MT4 Desktop

MT4 Trio Xtend

TrioXtend is a suite of market-informed apps created for TrioMarkets traders to optimize their ability to trade successfully. I like that it offers innovative management tools, advanced trade execution, sentiment trading, and sophisticated alarms to create better trading conditions.

TrioMarkets MT4 Trio Xtend

TrioMarkets MT4 Trio Xtend

MT4 WebTrader

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

TrioMarkets MT4 WebTrader

TrioMarkets MT4 WebTrader

TrioMarkets Mobile Trading

I find the TrioMarkets Mobile Trading to be super useful as it enables you to trade whilst on the move from anywhere in the world, provided you 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 accounts & positions whilst on the go
  • Compatible with iOS & Android devices
TrioMarkets Mobile Trading

TrioMarkets Mobile Trading

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.

I like how it allocates master trades proportionally to the subaccounts by using various allocation methods such as equity, profit/loss, or balance.

TrioMarkets Multi Account Manager

TrioMarkets Multi Account Manager

Tools

FIX API

FIX (Financial Information Exchange) API (Application Programming Interface) allows you to connect directly to the liquidity pool with a minimized latency and cost. This helps you to implement your unique trading strategies, such as high-frequency trading. I like that the tool comes with the ability to connect with various platforms like Ctrader or Ninja Trader.

TrioMarkets FIX API

TrioMarkets FIX API

VPS

VPS (Virtual Private Server) hosting allows you to use the virtual environment on the hosting company’s servers to run the MetaTrader expert advisors for uninterrupted algorithmic trading. You should know that TrioMarkets only provides this service to those who qualify for it.

TrioMarkets VPS

TrioMarkets VPS

Economic Calendar

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. I find this to be an imperative tool as it is part of the fundamental analysis of a trading strategy.

TrioMarkets Economic Calendar

TrioMarkets Economic Calendar

Education

TrioAcademy

TrioMarkets’s academy has a wide range of educational resources for all levels of traders. It is a nice place for you to learn about the financial markets, how to trade them, and what makes the markets move. I like how they’ve provided a vast variety of resources including e-books, video courses, trading platforms, and fundamental knowledge.

TrioMarkets TrioAcademy Tools

TrioMarkets TrioAcademy Tools

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.

Markets

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. If you’re looking for a bigger asset offering, I suggest checking out IC Markets.

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. For a more generous selection of stocks up for trading, I suggest checking out TMGM.

Accounts

TrioMarkets offers mark-up accounts, in which the commission is included in the spread, and raw accounts, which have separate spread and commission. I like how you can choose the type you want depending on your 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

Support

I appreciate how TrioMarkets offers a multilingual customer support service that can be reached via email, phone, Fax, Live Chat, and an online contact form. This is a great step in attracting traders from all over the world. However, I don’t like that their support is only available 24/5 during trading hours. For 24/7 support you should check out Bold Prime. You can also reach them via their social media handles — Facebook, LinkedIn, Twitter, and YouTube.

Funding

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

  • Visa card
  • MasterCard
  • NETELLER
  • Skrill
  • 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 Deposit and Withdrawal methods

TrioMarkets Deposit and Withdrawal methods

Signup

Opening an account with TrioMarkets is straightforward. You simply have to click on Live Account at the left corner of the broker’s webpage and fill out the form displayed.

TrioMarkets Account Opening Page

TrioMarkets Account Opening Page

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. I find that it takes quite 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.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

TrioMarkets is an online trading broker registered in Cyprus to provide forex and CFD trading services to traders all over the world. I don’t like how they only have about 130 instruments across five asset classes that can be traded.

I appreciate that the broker has a lot of trading tools and educational resources to assist traders, but I find that they don’t seem to support social trading platforms like other top brokers such as eToro. Additionally, the minimum deposit for the basic account is quite high at $500 when compared to other brokers like TD365. They also do not currently support cryptocurrency trading like other brokers such as XTB.

TrioMarkets Logo

Min $500 Deposit

Founded in 2015, TrioMarkets is an online brokerage based in Cyprus that offers trading Forex & CFDs on metals, equity indexes, stocks, and energy commodities through a range of MetaTrader 4 platforms. They offer competitive trading fees & trade executions with minimal requotes.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

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