Choosing the right Forex trading platform for your needs can be a daunting task, especially if you don’t know what to look for in a good one. However, the best online trading platforms will offer you everything you need, including tools for social trading, a wide range of instruments, and trading platforms for your needs. These top-rated forex brokers will also ensure you stay compliant with the world’s leading regulators, and you’ll never have to worry about losing your money.
Trading costs
Compared to other brokers, Triomarkets trading costs are quite high. These fees are based on the exchange rate of the trade.
The spreads are variable, depending on the amount of trading. The spreads on EUR/USD are usually the tightest. The spread on a standard lot is around 1.4 pips.
Deposit and withdrawal fees are quite high. The minimum deposit is 25 USD, and there are charges of 3% for credit card and Neteller deposits. In addition, there is a dormancy fee of 30 USD after three months of inactivity.
Traders can also benefit from negative balance protection. The broker does not offer a dedicated trading platform for CFDs, and its range of financial instruments is not extensive. However, the broker does provide customer support in several languages.
Fees and spreads
During this Trio Markets review, we’ll explore its fees, spreads, and trading conditions. We’ll also compare it with other brokers.
Trio Markets is an ECN / STP broker that offers a wide range of Forex, commodities, and shares. It’s regulated by the CySEC, FSC, and other European countries. They offer over 60 Forex pairs, along with indices and metals. Traders can also copy trades and use asset management services. They’re also able to offer a demo account funded by up to 100,000 USD. They also have a customer support team that is available to help you anytime.
The spreads and other trading conditions aren’t what you’d expect. They’re quite wide, but they’re also variable. They will vary according to market conditions and your trading volume.
Regulated by the world’s top regulators
Regulatory bodies across the world oversee financial markets and ensure companies and markets operate fairly. The goal is to keep markets efficient and protect customers from fraud. In recent years, data protection has become a major focus for regulators. In addition, several new technologies are being introduced to the market, which requires new regulatory frameworks.
The SEC is the world’s largest securities market regulator. SEC staff evaluates firms’ compliance with SEC regulations and may request information from firms about their clients. In addition, the SEC can bring civil actions against registrants, but can only do so in a federal court.
Social trading tools
Founded in 2010, Triomarket’s social trading tools are designed to enhance the experience of trading. Traders are encouraged to learn from a network of experts and share their knowledge. Triomarkets offers a social trading platform that allows investors to copy approved trading strategies and watch others’ moves. They also offer a search tool that helps traders determine the profitability of a trade.
Traders have the option of choosing from the top listed strategy providers in the Marketplace. TrioMarkets also offers an economic calendar that provides real-time market information. They offer an API that allows traders to connect to a liquidity pool directly. This solution is very robust and suits professional traders.
FIX API
FIX API is a standardized electronic communications protocol for the financial information exchange, used for forex arbitrage, high-frequency trading, and other trade-related communications. The FIX protocol was designed to enhance efficiency in trade-related communications and minimize latency. The protocol allows traders to access a multi-tier liquidity pool directly without using a terminal.
TrioMarkets is a relatively young company, having founded its foundation in 2014. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and have 7 licenses from European regulators. They offer more than 130 trading instruments, and leverage is up to 30:1. They are also licensed to operate from Mauritius.
VPS
Powered by the award-winning MetaTrader 4, TrioMarkets offers a wide range of assets, wide spreads, advanced trade execution, and innovative management tools. It is designed for professional and experienced traders. However, novice traders can also enjoy its advanced features.
TrioMarkets offers four types of accounts. It is possible to register for a free demo account and test your trading strategies. This demo account allows you to explore new markets and test new instruments. There is also a premium account that offers better trading conditions. This account also allows you to trade with a dedicated account manager and offers leverage of up to 1:30.