Trive Invest

What is Trive Invest？

Trive Invest is a regulated brokerage firm offering a comprehensive suite of trading services to clients. They provide access to various financial instruments, including Forex, Stock, Index, Commodity, and Precious Metal CFDs, allowing traders to diversify their investment portfolios. With a range of account options tailored to different trading preferences, competitive spreads, and commission structures, Trive Invest caters to traders of all levels. They prioritize security and efficiency in deposit and withdrawal processes as well as the MetaTrader 5 platform.

Pros & Cons

Pros:

• Regulated by BAPPEBTI: Currently, Trive Invest is overseen by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI), which means that it operates under strict legal parameters set by this financial regulatory body, ensuring a secure trading environment for its users.

• Multiple Market Instruments: The platform offers diverse Market Instruments, including 75+ products, Forex, Stock, Index, Commodity, and Precious Metal CFDs, catering to various trading needs and experience levels.

• Multiple Customer Support Channels: Trive Invest provides various customer support channels including phone, email, and address (24/5 support), enhancing accessibility and assistance for clients.

Cons:

• Suspicious Clone License: While regulated by BAPPEBTI, Trive Invest holds a suspicious clone license for the Indonesia Commodity and Derivatives Exchange (ICDX).

Is Trive Invest Legit or a Scam？

• Regulatory sight: Currently, Trive Invest is overseen by the Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan (BAPPEBTI), operating under a Retail Forex License with license number 824/BAPPEBTI/SI/11/2005. This signifies that the broker is working within the legal parameters set by the corresponding regulatory bodies.

• Regulatory sight: At this time, BlackPearlFX holds a suspicious clone license for Retail Forex under the Indonesia Commodity and Derivatives Exchange (ICDX). This type of license, which allows a company to mimic the services of a legitimate financial entity, raises concerns about the legitimacy and trustworthiness of the company's operations.

Market Instruments

Trive Invest provides traders with a diverse selection of trading instruments across various asset classes, ensuring ample opportunities for investment and portfolio diversification. With a focus on catering to the needs of traders, Trive Invest offers access to a wide range of instruments, including Forex, Stock, Index, Commodity, and Precious Metal CFDs.

Account Types

Trive Invest caters to traders of all levels by offering a range of account types tailored to suit different preferences and trading styles.

With the Classic Fixed account, traders can get started with a minimum deposit requirement of just $50, making it accessible to those who are new to trading or prefer to start with a smaller investment.

For more experienced traders seeking enhanced features and capabilities, the Professional account requires a minimum deposit of $2500, offering advanced tools and resources to support their trading strategies.

Additionally, for high-net-worth individuals or institutional clients, Trive Invest provides the Premium Zero account, which boasts a minimum deposit requirement of $25,000 and offers exclusive benefits and personalized services.

How to Open an Account？

• Step 1: Click the button ''Open Account'''on the homepage.

• Step 2: Agree to Trive Invest contacting you for marketing purposes by phone, email, SMS, and WhatsApp. You can opt out of these communications later.

• Step 3: Confirm that you have read and understood Trive Invest's Privacy Policies and Terms of Use.

• Step 4: Click on the “Continue” button.

• Step 5: An email will typically be sent to your registered email address to verify your account. Ensure to check your inbox and spam folders.

• Step 6: Click on the link received in the verification email to activate your account.

Leverage

Trive Invest empowers traders with robust trading capabilities by offering a maximum leverage of 1:400. This leverage ratio enables traders to amplify their potential returns by controlling larger positions in the market with a relatively smaller amount of capital. With such leverage, traders can effectively magnify their trading positions and capitalize on even small market movements to enhance their profitability.

Spreads & Commissions

Trive Invest provides competitive spreads and commission structures across its range of account types.

For the Classic Fixed account, traders can benefit from spreads starting from 0.8 pips, coupled with a nominal commission of $1 per trade. The Professional account offers even tighter spreads, starting from 0.5 pips, with a similar $1 commission structure.

However, traders opting for the Premium Zero account enjoy the most favorable conditions, with spreads as low as 0.0 pips and significantly reduced commission fees. In this account type, traders pay only $5 for FX and Gold trades and a mere $1 for Index and Oil trades.

Trading Platforms

Trive Invest empowers its clients with the renowned MetaTrader 5 (MT5) trading platform, renowned for its advanced features and user-friendly interface. With MT5, traders gain access to a comprehensive suite of trading tools and functionalities designed to enhance their trading experience. The platform provides real-time market data, advanced charting capabilities, customizable indicators, and a wide range of order types, empowering traders to execute their strategies with precision and efficiency.

Trading Tools

Trive Invest provides traders with essential trading tools to enhance their decision-making process and optimize their trading strategies. Among these tools is a comprehensive calculator, which enables traders to perform various calculations related to their trades. Whether calculating potential profits, margin requirements, or risk management parameters, this tool equips traders with the necessary information to make informed trading decisions.

Deposits & Withdrawals

Trive Invest facilitates smooth and flexible financial transactions for its clients by accepting Trive Invest prioritizes the security and efficiency of its deposit and withdrawal processes to ensure a seamless experience for its clients. Deposits made via bank transfers are returned to the same account for added convenience, while incomplete account details may require additional evidence to validate transactions.

International clients are encouraged to consider the costs associated with receiving or converting funds from their respective banks. Withdrawal requests are subject to verification measures, including proof of identity and KVW confirmation, to safeguard both clients and Trive Invest. Automatic cancellation of withdrawal requests may occur in cases of insufficient funds, while efficiency is maintained by limiting one withdrawal request per day.

Additionally, for withdrawal amounts below IDR 100,000 or USD 10, the entire requested amount will be processed, provided there are no open positions in the trading account.

Customer Service

Trive Invest provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

• Phone: +62 21 3114 7402, +62 21 3114 7401

• Email:support@triveinvest.co.id

• Address: Multivision Tower Lt. 20, Jl. Kuningan Mulia Lot 9B - Jakarta Selatan 12980

• Live chat (Monday through Friday, 9 am -7 pm)

Education

Trive Invest offers a range of educational videos designed to help traders learn about forex and other CFD instruments. These resources are thoughtfully organized into sections, ensuring easy navigation and allowing traders to focus on specific areas of interest or areas for improvement.

Conclusion

In conclusion, Trive Invest emerges as a regulated brokerage firm offering a wide array of trading opportunities across multiple asset classes. With a focus on providing accessibility to traders of all levels, they offer various account types with competitive spreads and commission structures. Trive Invest prioritizes security and efficiency in its deposit and withdrawal processes and provides robust customer support channels.

However, while the company is regulated by the BAPPEBTI, there are concerns regarding its suspicious clone license under the ICDX, prompting further scrutiny into its legitimacy and trustworthiness.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.