TIO Markets vs Global Prime

TIO Markets vs Global Prime Comparison Table 2024
TIO Markets	Global Prime
Review 2.9	Review 3.8

TIO Markets is a global forex and CFD brokerage with both an offshore and UK-regulated branch. The broker has a strong customer focus, with 24/7 telephone and live chat customer service. Traders can access a range of accounts with competitive spreads from 0.4 pips.	Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.
Comment by Reviewer
"After spending some time exploring the accounts, I think TIO Markets is best suited to experienced traders who can deposit at least $1000 to take advantage of the competitive trading conditions available with the VIP accounts. Nonetheless, it would be nice to see a more diverse range of assets on offer in my opinion."	"Global Prime is suitable for both beginners and seasoned traders with excellent market access, low fees and a range of tools including copy trading."
Pros
I have found fees to be pretty competitive with TIO Markets, averaging as low as 0.2 pips for GBP/USD on the VIP account The company's 24/7 customer service availability is in line with some of the top brokerages that I have reviewed Another major advantage for me is the free access to Trading Central, an excellent charting and analysis tool TIO Markets offers access to the powerful MT4 and MT5 platforms with market-leading analysis tools UK clients will be happy to find that spread betting opportunities are supported by TIO Markets I'm also pleased to see top-tier FCA regulation through the company's UK branch	Full range of investments with 150+ assets including crypto Low latency with execution speeds from 10ms Wide range of deposit options with zero fees Segregated client funds 24/7 customer support $0 minimum deposit Trade receipts ECN account VPS
Cons
Most traders will be registering with the global branch, which is regulated offshore and will not offer any robust fund safeguarding measures Leverage rates with the UK branch are limited to a maximum of 1:30, which may feel restricting for experienced traders Compared to major competitors, TIO Markets' educational resources are notably limited	Clients from US and Canada are not accepted Narrow range of account options No MetaTrader 5 integration
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies	Forex, indices, commodities, cryptocurrencies, shares, bonds
Demo Account
Yes	Yes
Minimum Deposit
$50	A$200
Trading Platforms
MT4 MT5	MT4 TradingView AutoChartist
Payment Methods
Credit Card Neteller Skrill Visa Wire Transfer	BPAY Credit Card Dragonpay FasaPay JetonCash Mastercard Neteller PayPal POLi Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA	ASIC, VFSC, FSA
Margin Trading
No	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
Yes	iOS & Android
Auto Trading
Yes	Yes
Copy Trading
No	Yes
Copy Trading Platform
	Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service. Over 40 different setups can be copied on the popular Myfxbook Autotrade platform.
Social Trading
No	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
	USD EUR GBP CAD AUD SGD
Stock Exchanges
	Australian Securities Exchange (ASX) DAX GER 40 Index Dow Jones FTSE UK Index Nasdaq S&P 500
Commodities
Gold Natural Gas Oil Silver	Copper Gold Oil
CFD Trading
Unfortunately, I do feel that the broker's mediocre range of 300 CFDs will be quite restricting for most traders. It certainly doesn't compare to many other brands I review. Plus, the absence of crypto, ETF and soft commodity CFDs is a further setback.	Global Prime offers CFD trading opportunities on 150+ global markets including forex, indices, commodities, cryptocurrencies and bonds. Spreads are tight with a raw ECN account available starting from zero.
Leverage
1:200	1:200
FTSE Spread
20	0.84
GBPUSD Spread
0.8	0.64
Oil Spread
0.02	1.6
Stocks Spread
Variable	Variable
Forex Trading
My tests uncovered an average selection of 46 forex pairs, including major, minor and exotic currency combinations. That said, access to both the MT4 and MT5 platforms is a major bonus for forex strategists looking for market-leading software.	Global Prime traders can access 48 forex pairs including majors, minors and exotics with tight spreads from 0.9 with no commission or from 0 with a $7 round turn. Forex is traded via the leading MT4 platform, micro lots are available and latency is low via a New York-based server.
GBPUSD Spread
0.8	0.75
EURUSD Spread
0.4	0.16
EURGBP Spread
0.6	0.85
Assets
45+	48
Cryptocurrency
Crypto trading not offered	Global Prime crypto CFDs cover a good range of 35 tokens with impressive commissions of 0.1% and leverage available in some jurisdictions. The tokens include Bitcoin, Ethereum and other popular choices as well as smaller tokens like Sandbox and Avalanche.
Spread
	Floating
Coins
	BTC BCH LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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