TrioMarkets is a forex trading platform. They provide traders with access to a wide range of assets in a number of markets, including currencies, indices, and commodities.
Broker Review Contents
- Established in 2014
- Regulated by CySEC
- Segregates client funds
- Min. deposit from $500
- Limited range of instruments
- Not FCA Regulated (See alternatives)
- Inactivity Fee
A minimum deposit of $500 is required to create a live account. Alternatively, TrioMarkets provides a demo account that you may use to experiment and become acquainted with their platform.
CySEC regulated (Licence: 268/15), TrioMarkets puts all customer funds in a separate bank account with tier-1 institutions. They been in operation since 2014, with its headquarters in Cyprus.
Before we get into the specifics of TrioMarkets’ spreads, fees, platforms, and trading tools, you may want to open their website in a new window by clicking the button below to get the most up-to-date information directly from TrioMarkets.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are TrioMarkets’s spreads & fees?
TrioMarkets, like most brokers, charges a fee based on the spread, which is the difference between both the buy and sell price of an item.
The commissions and spreads shown here are based on the TrioMarkets website’s minimum spreads.
|EUR/USD(Average: 0.7 pips)||1.4 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||1.4 pips||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||0.3 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||0.2 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||0.2 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||0.4 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||0.4 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||0.2 pips||0.5 pips||0.1 pips|
Spreads are changeable and are provided solely for informational reasons.
As you can see, the smallest spread for trading EUR/USD at TrioMarkets is 1.4 pips, which is rather high 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 TrioMarkets to similar brokers.
How much does TrioMarkets charge to trade 1 lot of EUR/USD?
If you bought one standard lot of EUR/USD (100,000 units) with TrioMarkets at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $0. Here is a general breakdown of the fees and how they compare to IG and XTB.
|Spread from:||$ 14.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 14.00||$ 6.00||$ 2.00|
|$8 less||$12 less|
|VISIT TRIOMARKETS||VISIT IG||VISIT XTB|
All fees/prices are for informational purposes and are subject to change.
What can you trade with TrioMarkets?
TrioMarkets provides over 78 different trading products, including over 60 currency pairings. Below, we’ve summarised all of the numerous types of instruments offered by them, as well as those offered by IG and XTB for comparison.
|FX / Currencies||TrioMarkets||IG||XTB|
|# of forex pairs offered||60||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||0||34||21|
|Index & Stock CFDs||TrioMarkets||IG||XTB|
|# of stocks offered||0||8000||1606|
|SEE TRIOMARKETS’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S INSTRUMENTS|
What’s the TrioMarkets trading experience like?
1) Platforms and apps
TrioMarkets provides the well-known MT4 forex trading software. See our MT4 broker comparison for a list of the best MT4 brokers.
Traders may trade with their preferred device thanks to the mix of downloading platforms for both Mac and Windows.
TrioMarkets now provides mobile apps for Android and iOS, making it easy to monitor and execute transactions while on the go.
Open a practise account and begin learning to trade.
2) Executing Trades
TrioMarkets allows you to conduct a 0.01 Lot trade. This may differ based on the type of account you establish. They allows you to perform up to 100,000 Lot trades. Because TrioMarkets provides ECN and STP execution, you may anticipate exceptionally narrow spreads and more transparency over the price you pay to execute your transactions.
They may have lower entrance criteria as a market maker than an ECN broker, which benefits from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
They are one of the few brokers who promise to have no requotes, so you won’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).
Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.
TrioMarkets also provides a variety of risk management tools, including as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You may view all of their account features here.
Finally, we’ve included a list of some of the most popular financing ways used by them.
- Offers STP
- Offers Negative Balance Protection
- Allows scalping
- Allows hedging
- Standard account
- Zero spread account
- ECN account
- Demo account
- Mini account
- Islamic account
- Credit cards
- Bank Transfer
3) Client support
TrioMarkets is available in a variety of languages, including English, French, Russian, and Arabic.
TrioMarkets got a CompareBroker triple AAA service because of their extensive language and support choices.
4) What you’ll need to open an account with TrioMarkets
Because TrioMarkets is CySEC-regulated, every new customer must pass a few simple compliance tests to confirm that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so keep it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to respond a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse their website immediately, it is essential to note that you will not be able to execute any transactions until you pass compliance, which might take several days depending on your circumstances.
To begin the process of creating an account with TrioMarkets, go to their website.
79% of retail investor accounts lose money when trading CFDs with this provider.