TrioMarkets Review 2024


3 / 5
TrioMarkets is #108 in our CFD broker rankings.

Based on my evaluations, TrioMarkets is suitable for experienced traders looking for zero-commissions, PAMM accounts or reliable VPS services. That said, I'm not a huge fan of the small asset line-up, the offshore licensing, and the lack of educational resources.

- Daytrading Review Team

TrioMarkets is true ECN broker established in 2014. The firm's headquarters is in Mauritius but has licensed offices in Europe and the the UAE. The brand has been recognized with global awards including the 'Most Trusted Forex Brokerage Company' from the Finance Derivative Magazine 2023.

$100
MT4
Forex, CFDs, indices, commodities, cryptocurrencies
-
Visa, Skrill, Neteller

Forex Trading

My tests found a decent range of 60+ major, minor and exotic currency pairs including EUR/USD and USD/JPY on the MT4 terminal. You can benefit from no dealing desk intervention and leverage up to 1:500.

Stock Trading

You can speculate on a small list of shares such as Netflix, Amazon and Microsoft with leverage up to 1:5 and $0 commission on three account types. Overall, the offering is very underwhelming compared to other brands.

CFD Trading

TrioMarkets offers a poor total selection of 130+ CFDs on the MT4 terminal. The Basic Account offers commission-free trading with average spreads of 2.4 pips, which is not very competitive compared to alternatives.

Crypto Trading

There are only 4 popular crypto CFDs available; BTC, ETH, LTC and XRP with 1:2 leverage. This is definitely one of the smallest ranges of cryptos I have seen so I think dedicated crypto traders may want to consider other options.

✓ Pros

  • I feel reassured that clients can access the trusted MetaTrader 4 platform, which is accessible via desktop, web and mobile applications
  • It's good to see that the broker offers a VPS, social trading, PAMM/MAM accounts and FXI API trading tools designed to enhance the overall experience
  • I like that there's a choice of four account types with access to all instruments and competitive pricing
  • I'm a fan of the true ECN execution model with no rejections or dealing desk intervention

✗ Cons

  • I'm disappointed by the small product line-up of only 130+ instruments - much less than most brokers I review
  • It's a shame that the broker only offers the MetaTrader 4 trading terminal, with no bespoke software or alternative options
  • I'm a little hesitant that the global entity is regulated offshore by the Financial Services Commission (Mauritius)
  • I'm not thrilled that withdrawal fees apply for some payment methods
  • There is limited educational content available and I also noticed that much of the market news is outdated

TrioMarkets is an online ECN broker offering trading in forex, stocks and cryptocurrency through the MT4 platform. This review will evaluate the broker’s services, including the demo account, minimum deposit, leverage and login requirements. We’ll also explore their regulatory status.

TrioMarkets Overview

TrioMarkets was founded in 2014 by three financial professionals with over 20 years of market experience. TrioMarkets is headquartered offshore in Mauritius and has a support office in Limassol, Cyprus, as well as an additional branch in Dubai, UAE.

Today, the broker operates globally, offering a comprehensive spread of assets, trading platforms and accounts. TrioMarkets is predominately geared towards more experienced traders looking to execute high volume trades, although there are more basic, commission-free options for novice traders too.

Trading Platforms

TrioMarkets offers the MetaTrader 4 (MT4) platform and two additional add-ons; MT4 Trio Xtend and an MT4 web-based alternative.

MT4

MT4 is the primary trading platform offered by the broker. The easy to navigate and highly customisable interface makes it a crowd-pleaser among traders of all levels. The platform also hosts a wide range of features:

MT4 Trio Xtend

MT4 Trio Xtend

The platform extension enables both novice and experienced traders to trade like professionals. Features include innovative management tools, advanced trade execution, news and market data, plus sentiment trading. The add-on is quick and easy to configure.

MT4 Web Trader

The web trader platform enables users to trade from any device with an internet connection. There is no download or installation required. The web-based platform gives traders real-time financial markets and high-speed trade executions. Most of the downloadable features are available with the browser-based alternative.

Assets

TrioMarkets offers a decent breadth of 100+ tradable assets:

Spreads & Fees

Spreads vary by account type but are generally competitive. For Basic and Standard accounts, spreads begin at 2.4 pips, while for Advanced and Premium users, zero-pip spreads are available.

Basic and Standard account holders enjoy a commission-free structure. For Advanced accounts there is a commission per side of $5.5 and for Premium account holders, a commission per side of $4.

A dormancy fee of $30 per month is charged after three months of inactivity. Unfortunately, the broker could be more transparent about its additional fees. For example, overnight lending rates are unclear.

Leverage

TrioMarkets offers high leverage levels. On forex trades, leverage up to 1:30 is available while with CFDs, leverage up to 1:30 is accessible. For cryptocurrency trading, leverage is capped at 1:2.

Leverage is borrowed capital to increase potential profits. High leverage can increase returns, however it also carries the risk of substantial losses.

Mobile App

TrioMarkets offers a mobile platform to facilitate on-the-go trading. The mobile trader auto-syncs to the desktop platform for a seamless trading experience. The app is available to download from the Apple App Store or Google Play Store. It is fully functional, easy to navigate and boasts a suite of features:

TrioMarkets mobile trading
TrioMarkets mobile trading

Payment Methods

Payments can be made by Visa, Mastercard, ecommpay, Skrill, Neteller and Swissquote. Bank wire transfers are also accepted. The minimum deposit accepted is $500. Processing times depend on the account held but are guaranteed in between 6 and 24 hours.

There is a high withdrawal fee of 1.5% and a wire transfer fee of 1.5%, with a minimum charge of $25 and a maximum of $50. Withdrawal requests can only be made to an account registered to a TrioMarkets client.

Demo Account

TrioMarkets offers prospective clients the chance to trade risk-free through a demo account. Users are credited with 100,000 in virtual funds and an opportunity to trial new strategies, explore new instruments and test new markets. Demo account registration is quick and simple.

Bonuses & Promotions

TrioMarkets is not currently running any promotions.

Regulation & Licensing

TrioMarkets’ brokerage services are regulated offshore by the Mauritian Financial Services Commission (FSC) under license number C118023678. Traders should note that this is not considered a very respected financial authority and therefore clients’ funds will not benefit from robust safeguarding measures.

Additional Features

TrioMarkets offers a wide range of educational resources including market news, calendars and video chart analysis. There is also a glossary, a market summary feature and the TrioAcademy to help guide trading activities. The tools are easy to access and offer great insight. Additional features of the MT4 platform include access to VPS, Fix API and MAM.

Account Types

There are four accounts available to traders: Basic, Standard, Advanced and Premium.

Enjoy a zero commission structure with the Basic or Standard. These accounts are designed for novice and intermediate traders. The minimum deposit is $500 (or equivalent). FX leverage is available up to 1:30, CFD leverage is available up to 1:30, crypto leverage is 1:2, and the minimum spread is 2.4 pips.

The Advanced account is suitable for experienced users who want to trade with zero spreads and no restrictions. The minimum deposit is $25,000 (or equivalent).

The Premium account offers superior trading conditions and a dedicated account manager. The minimum deposit is $50,000 (or equivalent). Commissions are charged at $4 per side per standard lot.

Trading Hours

Trading hours are specific to the asset and market. Once a live or demo account has been opened, users will be able to login and see the different hours listed. The website and platform are open 24/7 for general user management.

Any changes to the standard trading hours are communicated via the News tab of the website.

Customer Support

A reliable customer support team is operational 24/5 in English, French and Italian. They can be contacted through:

Client Security

Users enjoy safe and secure trading with TrioMarkets. Funds are segregated and all transfers pass through a secure server using the latest SSL encryption technology. Clients are also protected via the Investor Compensation Fund ICF in the event of bankruptcy.

TrioMarkets Verdict

TrioMarkets.com provides multi-asset trading via the MT4 platform. Spreads are leverage rates are competitive. However, as customer reviews indicate, minimum deposit requirements and withdrawal fees are high. We would recommend exploring the demo offering before opening a live account. In addition, the offshore regulation is a concern.

Top 3 Alternatives to TrioMarkets

Compare TrioMarkets with the top 3 similar brokers that accept traders from your location.

  1. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  2. Swissquote – Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
    Go to Swissquote
  3. Admiral Markets – Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.
    Go to Admiral Markets

TrioMarkets Comparison Table

Compare TrioMarkets With Similar Brokers
TrioMarkets AvaTrade Swissquote Admiral Markets
Rating 3 4.9 4 3.5
Markets Forex, CFDs, indices, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds, spread betting
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $1000 $100
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators FSC ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM FCA, FINMA, DFSA, SFC FCA, CySEC, ASIC, JSC
Bonus
Education No Yes No Yes
Platforms MT4 WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade MT4, MT5, AutoChartist, TradingCentral MT4, MT5, TradingCentral
Leverage 1:30 1:30 (Retail) 1:400 (Pro) 1:30 1:30 (EU), 1:500 (Global)
Payment Methods 3 13 5 11
Visit Visit Visit Visit Visit
Review AvaTrade
Review
Swissquote
Review
Admiral Markets
Review

Compare Trading Instruments

Compare the markets and instruments offered by TrioMarkets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare TrioMarkets Trading Instruments
TrioMarkets AvaTrade Swissquote Admiral Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes No
Gold Yes Yes Yes Yes
Copper No Yes No Yes
Silver No Yes Yes Yes
Corn No Yes No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes Yes
Bonds No Yes Yes Yes
Warrants No No No No
Spreadbetting No Yes No Yes
Volatility Index No Yes No Yes

TrioMarkets vs Other Brokers

Compare TrioMarkets with any other broker by selecting the other broker below.

 

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TrioMarkets is true ECN broker established in 2014. The firm's headquarters is in Mauritius but has licensed offices in Europe and the the UAE. The brand has been recognized with global awards including the 'Most Trusted Forex Brokerage Company' from the Finance Derivative Magazine 2023.

FAQ

Is TrioMarkets a scam?

TrioMarkets is a legitimate broker operating from multiple locations, including the UAE and Cyprus. That said, the broker’s main branch is registered offshore and regulated by the Mauritian FSC, a weak regulator with limited financial safeguards in place.

What bonuses does TrioMarkets offer?

At the time of writing, TrioMarkets is running two promotional offers; the refer a friend offer and a cashback offer. For more details, head to the website.

Is TrioMarkets a market maker?

No, TrioMarkets follows an ECN/STP trading model which often means tighter spreads and lower trading fees.

Is TrioMarkets a trustworthy broker?

TrioMarkets’ offshore regulatory license brings down the broker’s trust score for us. Additionally, the company’s cost structure is not entirely transparent so we do urge traders to do their own research before committing.

How do I log in to my TrioMarkets account?

Account login can be found in the top right corner of the broker’s homepage. The sign-up and login process is quick, easy and secure.