TRIVE REVIEW: IS IT A GOOD CHOICE FOR TRADERS?

About Trive

Trive is a Malta-based trading platform that has been operating for approximately 5-10 years. It is regulated by MFSA. Trive offers a wide range of market instruments for trading. With a leverage of up to 1:1000, traders have the opportunity to amplify their potential profits or losses. Trive supports popular trading platforms like MT4 and MT5. Customer support is available via email and phone.

Is Trive Safe or Scam？

Trive operates under the regulation of the Malta Financial Services Authority (MFSA) through its Market Making (MM) License No. C 60473. This regulatory oversight by a reputable authority ensures that Trive maintains high standards and complies with necessary regulations. With several years of experience in the industry, Trive has established a positive reputation among its customer base, as evidenced by the numerous positive reviews it has received. These factors combined indicate that Trive is a reliable and trustworthy broker that traders can consider for their investment needs.

Market Instruments

Trive offers a range of trading instruments across several asset classes, making it a diverse trading platform that caters to the needs of many traders.

• Forex: Trive offers traders access to the world's largest and most liquid financial market, the forex market. This allows traders to speculate on the price movements of currency pairs, including major, minor, and exotic currency pairs.

• Stocks: The platform provides access to global equity markets, including those listed on major exchanges. This includes many of the world's most well-known companies, such as Apple, Amazon, and Microsoft.

• Indices: Trive offers traders access to global stock market indices, including the S&P 500, Dow Jones Industrial Average and NASDAQ, among others.

• Commodities: Trive also offers traders access to commodity markets, including precious metals such as gold, silver and platinum, as well as crude oil, natural gas, and agricultural products such as corn, wheat, and soybeans.

• Cryptocurrency: Trive provides traders with access to cryptocurrency markets, including Bitcoin, Ethereum, Litecoin, and Ripple, among others.

Account Types

Trive offers four different live account types designed to cater to the needs of different traders. These accounts include:

Standard Account:

The Standard Account is designed for new traders who are just starting in forex trading. It requires no minimum deposit and offers traders access to over 70 trading instruments.

Pro-Leverage Account:

The Pro-Leverage Account is designed for more experienced traders who are looking for a wider range of trading instruments. It requires no minimum deposit and offers traders access to over 140 trading instruments.

VIP Account:

The VIP Account is designed for advanced traders who are looking for superior trading conditions. It requires a minimum deposit of $5,000 and offers traders access to over 170 trading instruments, as well as lower spreads and commissions.

ECN Zero Account:

The ECN Zero Account is designed for high-volume traders who require competitive spreads and faster order execution. It requires no minimum deposit.

Spreads & Commissions

Trive offers a range of spread options for its clients. The Standard and Pro-leverage, have a spread of 1.2 pips, with no additional commission. Besides, the VIP account have a spread of 0.6 pips, with no commission.This means that traders using these accounts will pay a fixed spread for each trade they execute, regardless of the size of the trade.

Additionally, Trive offers an ECN Zero account, which features a spread of 0.0 pips. However, traders using this account will incur a commission fee of $10 per lot traded. The ECN Zero account is designed for traders who prioritize tight spreads and are willing to pay a commission for this benefit.

Trading Platforms

Trive provides its clients with the popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms offer a wide range of features and tools that cater to the needs of different types of traders, from beginners to experienced professionals.

MetaTrader 4 (MT4)

MT4 is a widely recognized and established platform in the forex and CFD trading industry. It is known for its user-friendly interface and powerful charting capabilities. Trive clients using MT4 can access real-time market quotes, execute trades, and manage their positions with ease. The platform supports various types of orders, including market, pending, and stop orders. Traders can also utilize automated trading strategies with the help of expert advisors (EAs), which can be developed or downloaded from the MetaTrader's extensive library.

MetaTrader 5 (MT5)

MT5 offers an enhanced trading experience, building upon MT4's foundation. Traders using MT5 can access a broader range of financial instruments, including stocks, futures, and options, in addition to forex and CFDs. The platform also offers more advanced charting tools and technical indicators, enabling traders to perform in-depth market analysis. MT5 introduces a revised MQL programming language, allowing for more efficient development and customization of indicators and trading robots.

Deposits & Withdrawals

Trive prioritizes client satisfaction by offering a variety of convenient and secure deposit and withdrawal methods that ensure seamless transactions. Clients can effortlessly fund their trading accounts via diverse payment options including credit cards (such as Visa and MasterCard), electronic payment systems (Neteller, Skrill, Sticpay), local bank transfers, and digital assets (Tether).

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Monday through Friday, 9 am -7 pm

Telephone: +44 1460944002 (English)

+400 842 7771 (Chinese)

Email: support_int@trive.com

Address: Sea Meadow House, P.O. Box 116, Road Town Tortola, BVI

Conclusion

In conclusion, Trive is a regulated broker that operates under the supervision of the MFSA. The broker offers a range of products and services that cater to the needs of traders. Trive has been in operation for several years and has received positive reviews from many customers, indicating that it is a reliable and trustworthy broker.

Install the WiKiFX app or visit its website to get the latest news about the forex industry.