Broker Review Contents
TIO Markets Review
TIO Markets is a provider of forex trading services. Traders can access a wide range of products in a variety of markets, including currencies, indices, and commodities.
Pros
- Segregates client funds
- Regulated by Financial Conduct Authority
- Min. deposit from $50
Cons
- Not regulated by ASIC (See Alternatives)
A minimum deposit of $50 is required for a live account. TIO Markets, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 488900). All TIO Markets client funds are held in a segregated bank account and they work with tier-1 banks. Their head office is in the UK.
Before we get into the specifics of TIO Markets’s spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are TIO Markets’s spreads & fees?
TIO Markets, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.
The commissions and minimum spreads shown here are taken from TIO Markets’s website.
| Forex | TIO Markets | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | 0.8 pips | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 0.9 pips | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 0.8 pips | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 1.0 pips | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 0.9 pips | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 1.5 pips | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 1.3 pips | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 1.1 pips | 0.5 pips | 0.1 pips |
The spreads are variable and are displayed for information purposes.
As you can see, TIO Markets’s minimum EUR/USD spread is 0.8 pips, which is normal when compared to the average EUR/USD spread of 0.70 pips.
The table below compares the costs of trading one lot of EUR/USD with TIO Markets vs. similar brokers.
How much does TIO Markets charge to trade 1 lot of EUR/USD?
You would likely spend $5.54 if you bought one standard lot of EUR/USD (100k units) with TIO Markets at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.
| TIO Markets | IG | XTB | |
| Spread from: | $ 8.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 8.00 | $ 6.00 | $ 2.00 |
| $2 less | $6 less | ||
| VISIT TIO Markets | VISIT IG | VISIT XTB |
Fees and quotes are displayed for information purposes and could change.
What can you trade with TIO Markets?
Over 120 different instruments, including over 70 currency pairs, are available to trade at TIO Markets. Below, we’ve summarized all of TIO Markets’s several types of instruments, as well as the instruments given by IG and XTB for comparison.
| FX / Currencies | TIO Markets | IG | XTB |
| # of forex pairs offered | 70+ | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | No | Yes | Yes |
| Commodity CFDs | TIO Markets | IG | XTB |
| # of commodities offered | 6 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Index & Stock CFDs | TIO Markets | IG | XTB |
| # of stocks offered | 30+ | 8000 | 1606 |
| UK shares | No | Yes | Yes |
| US shares | No | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | Yes | Yes | Yes |
| SEE TIO Markets’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What’s the TIO Markets trading experience like?
1) Platforms and apps
TIO Markets is one of the few brokers that provides both the MT4 and MT5 MetaTrader platforms. You may read our MT4 versus MT5 comparison to see how the two platforms compare.
They also offer WebTrader. Traders can trade on their preferred device thanks to a combination of downloadable programs for Mac and Windows.
They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.
Still not sure?
Open a demo account and learn how to trade.
2) Executing Trades
You can trade as little as 0.01 Lot with TIO Markets. Depending on the account you open, this may differ. The maximum trade size depends on the account type. You can expect tighter spreads and more transparency over the amount you pay to execute your trades because TIO Markets offers STP execution.
TIO Markets, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from the bigger number of trades and often has higher capital and minimum trading requirements.
Market makers usually offer a lower minimum deposit, fewer minimum trade requirements, and zero commission trading.
Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.
We have included a list of some of the most common funding options that TIO Markets provides to its traders.
Trading Features:
- Allows scalping
- Allows hedging
- Offers STP
- Guaranteed stop loss
Accounts offered:
- Demo account
- Standard account
- VIP account
- VIP Black account
- Islamic account
Funding methods:
- Credit cards
- Bank Transfer
- Neteller
- Skrill
3) Client support
TIO Markets offers support in languages like English.
4) What you’ll need to open an account with TIO Markets
Because TIO Markets is regulated by the Financial Conduct Authority, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:
- a color copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.
You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.
To begin the onboarding process with TIO Markets, you can go to their website.
64% of retail investor accounts lose money when trading CFDs with this provider.
