Abstract:Trio Markets is a global online financial trading platform and multi asset broker founded in 2008, offering retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Trio Markets is currently authorized and regulated by CySEC, with registration number 268/15.
Aspect | Trio Markets |
Registered Country/Area | Cyprus |
Founded Year | 2-5 years |
Company Name | Trio Markets |
Regulation | Suspicious Regulatory License |
Minimum Deposit | $100 (Basic Account) |
Maximum Leverage | Up to 1:500 |
Spreads | Variable spreads starting from 2.4 pips (Basic Account) |
Trading Platforms | MetaTrader 4 (MT4), Custom Trading Platform |
Tradable Assets | Shares, Forex, Indices, Metals, Cryptos, Energies |
Account Types | Basic Account, Standard Account, Advanced Account, Premium - ECN Account |
Demo Account | Not specified |
Islamic Account | Not specified |
Customer Support | Contact information provided: Email, website, phone number |
Deposit Methods | TrioMarkets Wallet, Wire Transfer |
Withdrawal Methods | TrioMarkets Wallet, Bank Wire Transfer, Online Payment Solutions |
Trio Markets is an online trading platform that offers a comprehensive range of trading instruments across various asset classes. Traders have access to a diverse selection of financial products, including shares, forex, indices, metals, cryptocurrencies, and energies. This wide array of options allows traders to diversify their portfolios and take advantage of different market opportunities.
The platform caters to traders of all experience levels, offering multiple account types to suit individual needs. Novice traders can start with basic accounts, while professional traders have access to premium ECN accounts with advanced features. Trio Markets provides leverage of up to 1:500, enabling traders to magnify their trading positions and potentially increase their profits.
Trio Markets supports popular trading platforms such as MetaTrader 4 (MT4) and offers a custom trading platform as well. This allows traders to choose their preferred interface and utilize various trading tools and indicators to analyze the markets. Additionally, the platform offers VPS hosting services for traders who rely on algorithmic trading strategies with expert advisors.
While Trio Markets claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), it is important to note that there are concerns regarding the validity of their claimed regulation. Traders should exercise caution and thoroughly research the platform's regulatory status before engaging in trading activities. It is advisable to opt for regulated brokers that provide a transparent and secure trading environment to ensure the safety of funds and adherence to industry standards.
Trio Markets offers a range of advantages and disadvantages that traders should consider before engaging with the platform. On the positive side, Trio Markets provides a diverse selection of trading instruments across multiple asset classes, allowing traders to access a wide range of markets and opportunities. The platform supports popular trading platforms like MetaTrader 4 (MT4) and offers custom trading solutions, providing flexibility for traders with different preferences. Additionally, Trio Markets offers competitive leverage options, which can be beneficial for experienced traders seeking to maximize their potential returns.
However, there are several drawbacks to consider as well. One major concern is the uncertainty surrounding Trio Markets' regulatory status. While they claim to be regulated by the Cyprus Securities and Exchange Commission (CySEC), there are doubts regarding the validity of this regulation. Traders should exercise caution and conduct thorough research before trusting their funds with the platform. Furthermore, some users have reported issues with customer support, including slow response times and unhelpful assistance. This lack of reliable and efficient customer service can be frustrating for traders who require immediate support.
Here is a table summarizing the pros and cons of Trio Markets:
Pros | Cons |
Diverse range of trading instruments | Uncertainty regarding regulatory status |
Support for popular trading platforms like MT4 | Issues with customer support |
Custom trading solutions for individual preferences | Lack of reliable and efficient customer service |
VPS hosting services for automated trading strategies |
According to the information provided, Trio Markets claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 268/15. However, it has been detected that this broker currently has no valid regulation, and the claimed regulation by CySEC is suspected to be a clone or fraudulent. Therefore, it is advised to exercise caution and be aware of the associated risks.
The regulatory status of Trio Markets is listed as “Suspicious Clone,” indicating that the claimed license may not be legitimate. The license type mentioned is “Market Making (MM),” but it is important to note that the license is suspected to be invalid.
The licensed institution associated with Trio Markets is EDR Financial Ltd. The provided contact information includes an email address (info@triomarkets.com), a website (www.triomarkets.eu), and a phone number (+357 25 030 056). The address of the licensed institution is stated as 11, Grigori Afxentiou Street, Imperio Centro Building, Office 301, 4003 Limassol, Cyprus.
Given the warning about the broker's low score and lack of valid regulation, it is advisable to exercise caution and consider alternative options when choosing a trading platform. It is crucial to trade with regulated brokers that provide a transparent and secure trading environment to safeguard your investments.
Market Instruments
Trio Markets offers a wide range of trading instruments across various asset classes. Here is a brief overview of the trading instruments available on Trio Markets:
Shares: Trade the stock prices of major corporations listed on leading exchanges. Contracts For Difference (CFDs) are utilized, allowing traders to speculate on price movements and potentially amplify their returns. Trio Markets offers leverage of up to 1:5 on Equity CFDs.
Forex (FX): Engage in the foreign exchange market, buying one currency against the selling of another. Trio Markets provides access to a variety of popular currency pairs, including EURUSD, GBPUSD, AUDUSD, USDJPY, EURGBP, USDCHF, and NZDUSD. Leverage of up to 1:500 is available for Forex trading.
Indices: Trade indices that track the performance of top company stocks from specific countries or regions. Examples of popular indices available on Trio Markets include AUS200, DOWJONES30, SPX500, FRANCE40, and GERMANY30.
Metals: Access precious metals, which are rare and highly valued commodities. Trio Markets offers trading opportunities for metals such as gold (XAUUSD), palladium (XPDUSD), platinum (XPTUSD), and silver (XAGUSD).
Cryptos: Trade popular cryptocurrencies in the form of CFDs. Trio Markets allows trading in cryptocurrencies like Bitcoin (BTCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), and Ripple (XRPUSD).
Energies: Engage in trading energy commodities. Trio Markets offers trading opportunities for Brent crude oil (BRENTOIL) and WTI crude oil (CRUDEOIL). Natural gas (NATURALGAS) may also be available for trading.
These trading instruments provide a diverse range of options for traders, allowing them to access various markets and potentially profit from price movements in different asset classes. It's important to note that the availability and specific instruments may be subject to change, and it's recommended to consult Trio Markets' official website or contact their support for the most up-to-date information.
Pros and Cons
Pros | Cons |
Wide range of trading instruments | Availability of specific instruments may vary or change |
Access to various asset classes |
TrioMarkets™ offers a range of account types to cater to different trading needs and experience levels.
Basic Account: This account is suitable for novice traders who are just starting their trading journey. The average execution speed is 0.1 second, and the minimum deposit required is $100. It is a commission-free account with leverage of up to 1:500. The minimum trade volume is 0.01 lot, and traders can expect no rejection or requotes during execution. The spread for this account type is 2.4 pips, and the account currency is USD-EUR. Basic accounts allow trading in various instruments, including Forex, Indices, Metals, Commodities, and Cryptos. The margin call and stop out levels are set at 120% and 50%, respectively.
Standard Account: The Standard account is suitable for traders with some experience in the market. It offers similar features to the Basic account, including an average execution speed of 0.1 second and no commission charges. The minimum deposit requirement is higher, set at $5,000. Traders can also enjoy leverage of up to 1:500 and a minimum trade volume of 0.01 lot. The spread for this account type is lower at 1.4 pips, offering potentially tighter pricing. The account currency is USD-EUR, and the available instruments are Forex, Indices, Metals, Commodities, and Cryptos. Margin call and stop out levels remain the same as the Basic account.
Advanced Account: Designed for experienced traders, the Advanced account offers enhanced features. It requires a higher minimum deposit of $25,000, reflecting its suitability for traders with a more substantial trading capital. The execution speed, commission structure, leverage, minimum trade volume, and execution quality are the same as the Standard account. However, the spread is further reduced to 1.1 pips, potentially providing more competitive pricing. The available instruments are also the same as the previous account types, and the account currency is USD-EUR. The margin call and stop out levels are set at 120% and 50%, respectively.
Premium - ECN Account: The Premium - ECN account is designed for professional traders seeking direct market access. It requires a minimum deposit of $50,000 and charges a commission of $4 per side. The execution speed is 0.1 second, and traders can benefit from leverage of up to 1:500. The minimum trade volume and execution quality remain the same as the other accounts. However, the spread for this account type is significantly lower at 0.0 pips, potentially offering the tightest pricing available. The available instruments, account currency, and margin call/stop out levels are the same as the previous account types.
Overall, TrioMarkets™ offers a range of account types to cater to traders at different stages of their trading journey, providing options for traders with varying levels of experience and capital.
Pros and Cons
Pros | Cons |
Offers a range of account types | Higher minimum deposit requirement for advanced accounts |
Caters to traders at different experience levels and capital levels | Premium - ECN account has a higher minimum deposit requirement and charges a commission |
Provides options for various trading needs and preferences | Tighter spreads only available in higher-tier accounts |
To open an account with TrioMarkets, follow these steps:
1. Visit the TrioMarkets website: Go to the TrioMarkets website using a web browser of your choice.
2. Account Registration: On the website, locate the “Open Account” button. Click on it to start the registration process.
3. Choose Individual or Company Account: Select whether you want to open an individual or company account, depending on your needs and preferences.
4. Fill in Personal Details: Enter your personal details accurately in the registration form. Provide your first name, last name, email address, and create a password for your account. Repeat the password to confirm it.
5. Country and Phone Number: Select your country of residence from the provided list. Enter your phone number, including the appropriate international dialing code.
6. Verification: After filling in the required information, you will need to verify your email address. Check your email inbox for a verification link or code sent by TrioMarkets. Click on the link or enter the code to validate your email.
7. Fund Your Account: Once your email is verified, you can proceed to fund your TrioMarkets trading account. Follow the instructions provided by TrioMarkets to deposit funds into your account using the available payment methods.
8. Start Trading: After funding your account, you can start trading. TrioMarkets offers a range of financial instruments, including Forex, Indices, Metals, Commodities, and Cryptocurrencies. Explore the trading platform and choose the instruments you wish to trade. Execute trades based on your trading strategy and market analysis.
It's important to note that TrioMarkets may have specific requirements or documentation needed for account verification, especially for company accounts. Make sure to follow any additional instructions provided during the account opening process.
Trio Markets provides competitive spreads and commissions to offer traders favorable trading conditions.
Spreads:
Trio Markets offers variable spreads, which means that the spread can fluctuate based on market conditions. The spread refers to the difference between the bid and ask price of a financial instrument. For the Basic account, the spread starts from 2.4 pips, indicating the minimum distance between buying and selling prices. The Standard account offers a tighter spread starting from 1.4 pips, providing potentially more competitive pricing. The Advanced account further reduces the spread to 1.1 pips, potentially offering even tighter pricing. For the Premium - ECN account, the spread is 0.0 pips, indicating that traders may have access to raw spreads directly from the market.
Commissions: Trio Markets offers commission-free trading for the Basic, Standard, and Advanced accounts. This means that traders using these account types do not incur any additional charges for executing trades. However, for the Premium - ECN account, there is a commission of $4 per side. This commission is applied in addition to the spreads and is a fee charged for accessing direct market liquidity.
It's important to note that spreads and commissions can vary depending on market conditions, liquidity, and the specific financial instrument being traded.Traders should review the detailed information on spreads and commissions provided by Trio Markets to make informed decisions based on their trading strategies and preferences.
Pros and Cons
Pros | Cons |
Low or no commission charges | Some account types may have higher spreads or commissions |
Direct market access with commission charged only for Premium - ECN account. | Certain instruments may have wider spreads |
ECN account requires higher minimum deposit |
Trio Markets provides two primary trading platforms for its clients:
1. MetaTrader 4 (MT4): Trio Markets is proud to offer the widely acclaimed MetaTrader 4 platform. MT4 is a professional trading platform that offers a comprehensive range of features and tools for traders. It includes advanced charting capabilities, a wide selection of technical indicators, and various order types for executing trades. With MT4, traders can develop and implement their trading strategies efficiently. Trio Markets supports MT4 on multiple devices, including desktop computers, mobile devices (via dedicated apps for Android and iOS), and as a web-based platform accessible through any browser.
2. Custom Trading Platform: Alongside MT4, Trio Markets also provides its own custom trading platform. This platform is designed in-house and offers a browser-based trading experience. Traders can access the platform directly from their preferred web browser without the need for any software installations. The custom trading platform is user-friendly and allows traders to monitor market conditions, execute trades, and manage their accounts seamlessly. It also offers mobile apps for Android and iOS, enabling traders to stay connected and execute trades while on the move.
Both trading platforms offered by Trio Markets aim to cater to the diverse needs of traders, providing them with a choice between a widely recognized industry-standard platform (MT4) and a custom-built platform designed specifically for Trio Markets clients.
Pros and Cons
Pros | Cons |
Advanced trading platforms with user-friendly interface | Limited selection of trading platforms (MetaTrader 4 and MetaTrader 5) |
Access to a wide range of trading instruments | No proprietary trading platform |
Multiple account management and reporting features | Limited customization options |
Mobile trading options for on-the-go access | Availability of advanced features may require additional fees |
Dependency on stable internet connection |
TrioMarkets™ offers VPS (Virtual Private Server) hosting for Forex traders who use MetaTrader expert advisors and require uninterrupted algorithmic trading. With VPS hosting, traders can utilize the virtual environment on the hosting company's servers to run their expert advisors, even when their own computer is turned off. This ensures that trading systems and expert advisors can operate continuously, following the predefined settings.
The VPS hosting service provided by TrioMarkets™ offers several advantages. First, traders can execute trades at any time of the day without the need to stay connected to their personal computer. The VPS server system is regularly checked to ensure proper functionality, minimizing the chances of encountering technical issues.
Additionally, utilizing a VPS can result in faster trade execution compared to using a personal computer. The VPS server is optimized for transmitting trade orders quickly, reducing delays and slippage, which can be crucial for achieving better trading performance.
TrioMarkets™ has partnered with reputable VPS hosting providers such as ForexVPS.net and HokoCloud. These providers offer high-quality VPS hosting services with a guarantee of 100% uptime. Traders who require continuous and uninterrupted operation of their expert advisors can rely on these VPS hosting services, as the servers are always online and accessible.
TrioMarkets offers convenient and secure options for depositing and withdrawing funds from your trading account.
Deposit Options:
1. TrioMarkets Wallet: You can fund your account using the TrioMarkets Wallet, which allows you to transfer money between your trading accounts and wallet whenever you want. This provides flexibility and ease of access to your funds.
2. Wire Transfer: TrioMarkets accepts bank wire transfers, which allow you to transfer funds from your bank account to your trading account. This method involves a transfer from one bank account to another and ensures the security of your financial information.
Withdrawal Options:
1. TrioMarkets Wallet: You can withdraw funds from your TrioMarkets trading account to your TrioMarkets Wallet. This option provides a straightforward and hassle-free process for withdrawing your funds.
2. Bank Wire Transfer: If the withdrawal amount exceeds your initial deposit amount, TrioMarkets will transfer the difference via bank wire. Withdrawals can be made directly to your registered bank account. Please note that a fee is charged for bank wire transfers, which is 1.5% of the withdrawal amount with a minimum charge of 25.00 and a maximum of 50.00 (base currency).
3. Online Payment Solutions: TrioMarkets also supports online payment solutions for withdrawals. The available options may vary depending on the deposit method used. Fees for online payment solution withdrawals are typically 1% of the withdrawal amount.
It's important to note that TrioMarkets may have specific minimum and maximum deposit/withdrawal amounts for each payment method. Additionally, the processing time for withdrawals varies depending on the type of account you have, ranging from 6 hours to 24 hours.
TrioMarkets charges a fee for certain withdrawal methods, such as 1% for Visa/Mastercard/Neteller and 1.5% for cryptocurrencies. Withdrawals are only transferred to an account registered in the same name as the TrioMarkets account holder.
TrioMarkets offers a multilingual customer support service that can be reached via email, phone, Fax, Live Chat, and an online contact form. They are available 24/5 to provide you with immediate support during trading hours. You can also reach them via their social media handles — Facebook, LinkedIn, Tweeter.
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, State of Israel, Islamic Republic of Iran, and the Democratic Peoples Republic of Korea (DPRK).
In conclusion, TrioMarkets™ offers a range of advantages for traders, including being an ECN/STP Forex broker regulated by the Financial Services Commission (FSC) Mauritius, providing access to a variety of trading instruments, competitive spreads, and a user-friendly trading platform. The VPS hosting service allows for uninterrupted algorithmic trading, ensuring trading systems can operate continuously. However, it is important to note that TrioMarkets™ has certain disadvantages, such as limited educational resources and a relatively high minimum deposit requirement. Additionally, some traders may find the customer support options to be limited compared to other brokers. Nonetheless, TrioMarkets™ remains a viable option for traders seeking a regulated broker with diverse trading tools and a focus on providing a seamless trading experience.
Q: Where are the TrioMarkets™ offices located?
A: Our headquarters are based in Mauritius.
Q: What type of broker is TrioMarkets™?
A: TrioMarkets™ is an ECN/STP Forex broker.
Q: What regulation does TrioMarkets™ hold?
A: TrioMarkets™ is regulated by the Financial Services Commission (FSC) Mauritius, under the license number C118023678.
Q: How do I deposit money into my TrioMarkets™ trading account?
A: We accept a wide range of deposit methods, including bank wire transfer, credit card, and Netteller deposits.
Q: What is the minimum deposit required to open an account with TrioMarkets™?
A: The minimum deposit to open an account with TrioMarkets™ is $/€100.
Q: Can I fund my account in a different currency than the base currency?
A: The currency in which you open your account will be the currency of your deposit. If you have a USD account and make a deposit in another currency, it will be automatically converted to USD.
Q: How do I withdraw money from my TrioMarkets™ account?
A: We process withdrawals using the same method used for funding your account. All withdrawals will incur a fee of 1.5% of the withdrawal amount.
Q: How do I close my TrioMarkets™ account?
A: To close your account, please contact your account manager directly.
Q: How long does it take to verify my TrioMarkets™ account?
A: The verification process depends on the submitted documentation. If all documents are valid and approved, your account will be verified immediately by our back office. Once verified and the deposit has been made, your account will be activated for trading.
Q: What documents are required to verify my TrioMarkets™ trading account?
A: We require proof of identity, such as a passport or identity card, and proof of residence, such as a bank statement or utility bill. The documents must be issued within the last 6 months and confirm the address provided in the application.
Q: How do I apply for a joint account with TrioMarkets™?
A: Both joint account holders need to open individual trading accounts with TrioMarkets™ and submit the required documents along with the joint account application form. Joint accounts can only be opened between 1st-degree relatives or joint bank account holders.
Q: Which type of account is suitable for me?
A: The best account type for you depends on your level of trading experience. Please refer to our account types and choose the one that suits your needs.