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TrioMarkets Review

FX Author By Jeffrey Cammack Author Information Updated: June 12, 2020
Overall Rating
3.48 3.48 / 5
Min. DepositGBP 300
Max. Leverage30:1
Min. Spread0.0 pips
Regulators CySEC
Regulator Origin CySEC
Trading Desk Type

Summary

Triomarkets is a respected ECN/STP broker for experienced traders or serious beginners. Offering tight spreads for larger depositors, and both raw and commission-free account types, TrioMarkets continues to maintain a devoted portfolio of clients.

Supporting MT4, with fast and reliable trade execution, plus two different types of algorithmic trading, this CySEC-regulated broker should be considered by those clients who don’t mind the higher minimum deposit.

Reviews

Regulation 1110.50
Trading Conditions 1110.50
Trading Platforms 11110
Deposit & Withdrawal 11100
Education & Research 11100
Assets Available 11110
Customer Service 11100
Beginner Friendly Standard
Bonuses None
Our Review Process

Trading Conditions

Minimum DepositGBP 300
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs60+
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD0.0
GBP / USD0.2
USD / JPY1.0

Company Details

Company nameEDR Financial Ltd
Founded2015
Website www.triomarkets.com
Type ECN/DMA
Regulators CySEC
Office locations Cyprus

Deposit & Withdrawal Methods

Supported Platforms for TrioMarkets

triomarkets overview

Is TrioMarkets Safe?

Triomarkets, a brand of EDR Financial Ltd, has been regulated by CySEC (license # 268/15) since 2015. CySEC is a major regulator and is credited with active regulation of the markets, and proactively making changes to protect clients. TrioMarkets stays out of the limelight in the Forex trading industry and does not engage in marketing activities like award shows, and has thus not won any awards. That said, their reputation among professional traders is a good one, and from our industry contacts and experience, we believe TrioMarkets to be a safe broker.

Trading Conditions

Experienced traders are attracted to TrioMarkets for favourable STP trading conditions. The account types offered by TrioMarkets are varied in their pricing and give experienced traders a good range to chose from.

Account Types

TrioMarkets offers 60+ currency pairs to trade on three live account types – Standard, Advanced, Premium. All accounts come with a swap-free Islamic option. The initial minimum for a TrioMarkest account of $500 is higher than most brokers, and all accounts offer 1:1 coaching to get traders started. The combination of a broker with a good reputation, coaching, and tight spreads means a smooth start with TrioMarkets.

Demo account

TrioMarkets has a demo training account funded with $10,000 to sharpen your trading and test your strategies before committing your money. TrioMarkest will keep the demo account open indefinitely once you start trading the live markets.

Basic account

The entry-level commission-free account offers traders a spread as low as 2.4 pips with a leverage of up to 1:300 in exchange for $500 minimum deposit.

Standard account

The standard account is suitable for beginner traders with larger initial deposits in exchange for tighter spreads. With a minimum spread of 1.4 pips and leverage up to 1:300, this level of account offers 1-to-1 coaching in addition to the ebook and video training material. The minimum deposit on this account is $5000 which is high considering the minimum spreads.

Trio accounts

Advanced account

A leverage of 1:100 and a raw spread of 0.0 pips make this a compelling choice for those moving from another broker where fees were high. In addition to the Standard account training, TrioMarkets will give you a daily market briefing along with free trading signals.

Premium account

The premium account is for traders trading high frequency and high volumes, and need priority access to customer service and fast withdrawal of funds. There is a markup subaccount as well as a Raw Account, where the Markup Account charges only the spread, while the raw accounts charges traders a combination of tighters spreads and commission-free based on the volume traded.

Asset Management Program

Triomarkets offers traders an algorithmic trading platform called the Asset Management Program which provides clients with two different algorithmic strategies.

Trio Algo

With higher risk of tolerant traders, Trio Algo has expected 7-8% monthly performance with risk at 50% and a high watermark performance fee.

TrioMatrix

TrioMatrix is the flexible risk option, which comes with lower expected performance targets. Expect a 2-3% monthly performance target, with flexible risk from 20 to 50% with a high watermark performance fee.

Spreads and Commissions

The Standard Account types use offer spreads from 1.4 Pips with 1:300 leverage on FX products, while the Premium Account has a Markup and Raw subaccounts that offer spread only charges or a combination of spreads and commission respectively. The Advanced accounts setup is the same as the Premium Account with wider spreads and commissions on the trade.

Deposits and Withdrawals Fees

The speed of withdrawal depends on which account type you have signed with, but the standard accounts have a 24-hour payout period, while the premium account has a 6 hour waiting time.

Triomarkets will charge a fee of 1.5% per withdrawal with a minimum charge of $25 and a maximum of $50. Clients can make deposits and withdrawals with major credit cards, major e-wallets like Paypal, Netteller, Skrill, and Webmoney as well as creating an EFT from your Bank Account to the TrioMarkets Barclays bank account in London.

TrioMarkets for Beginners

Triomarkets focuses on an experienced trading audience and offers little training material or analysis for beginner traders. Beginners are welcome at TrioMarkets, but like many STP brokers, it does not focus on providing additional client services and instead focus on reducing the costs of trading for their client base.

Educational Material

Triomarkets supports beginner clients with a 3rd party set of ebooks and video tutorials, along with corresponding sections on the fundamentals of trading and using the MT4 trading platform. This set of education articles will be helpful to new Forex traders, but not as beneficial as other brokers that do better with onboarding beginner clients.

Triomarkets education

Analysis Material

Analysis Material is fed directly into the MT4 platform, but there is no additional market analysis section at TrioMarkets as with some other ECN/STP brokers. This minimal approach is very typical for pure STP brokers who focus on bringing down the costs of trading for experienced traders – who often subscribe to other premium news services and who are not dependent on analysis coming from the broker. Limited educational material is less common at ECN/STP brokers.

Customer Support

TrioMarkets customer service is excellent; and the more advanced your account, the more attentive service you will receive. Customer support is available 24/6 and there are video tutorials in 15 languages.

Trading Platforms

TrioMarkets offers the MetaTrader 4 platform, and the corresponding Web Trader software that loads in a browser. MT4 is the industry standard for CFD trading, and while not the easier software for beginners, it means a seamless transition from one broker to another should trading conditions change.

Mobile Trading Apps

The MT4 mobile trading platform has IOS and Android apps. These are intuitive apps with a simple interface for secure trading and integration with a single TrioMarkets account.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the TrioMarkets offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

TrioMarkets Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. TrioMarkets would like you to know that:  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59.01% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall

TrioMarkets is the experienced trader’s Forex broker. There are hints of additional client features that would attract the beginner trader, but the focus at TrioMarkets is to run a steady MT4-only broker that seeks to retain serious traders by offering a distinguished trading service without any marketing gimmicks.

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 1110.50 3.48 / 5 11110.5 4.58 / 5 11110.5 4.49 / 5
Minimum DepositGBP 300GBP 5GBP 5
Regulation
CySEC CySEC
CySEC CySEC
ASIC ASIC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Trading Desk Type
Trading InstrumentsCommodities, Forex, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, Bonds
Forex Pairs60+5751
Crypto Pairs44
Pros
  • Tight spreads
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
  • Low minimum deposit
  • Tight spreads
  • Well regulated
  • Good range of accounts
Cons
  • High minimum deposit
  • Limited education
  • Limited market analysis
  • Expensive withdrawals
  • Dealing desk
  • Limited base currencies
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 1110.50 3.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
Deposit & Withdrawal 11100 3 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 11100 3 / 5 11111 5 / 5 11110.5 4.5 / 5
Assets Available 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11100 3 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 59.01% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:130:130:1
Spread0.0 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard (Vip)
  • XM Zero (Standard)
  • Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , Sirix MT4 , MT5 MT4 , MT5
Funding Methods Bank Transfer, Mastercard, Skrill, Neteller Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, VLOAD, Unionpay
Trading Commission Fees Included in Spread 7 USD / lot - XM Zero Account 6 USD / lot - Zero Account
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TrioMarkets

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Overall Rating 1110.50 3.48 / 5 11110.5 4.58 / 5 11110.5 4.49 / 5
Minimum DepositGBP 300GBP 5GBP 5
Regulation
CySEC CySEC
CySEC CySEC
ASIC ASIC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Trading Desk Type
Trading InstrumentsCommodities, Forex, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, Bonds
Forex Pairs60+5751
Crypto Pairs44
Pros
  • Tight spreads
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
  • Low minimum deposit
  • Tight spreads
  • Well regulated
  • Good range of accounts
Cons
  • High minimum deposit
  • Limited education
  • Limited market analysis
  • Expensive withdrawals
  • Dealing desk
  • Limited base currencies
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 1110.50 3.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
Deposit & Withdrawal 11100 3 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 11100 3 / 5 11111 5 / 5 11110.5 4.5 / 5
Assets Available 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11100 3 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 59.01% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:130:130:1
Spread0.0 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard (Vip)
  • XM Zero (Standard)
  • Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , Sirix MT4 , MT5 MT4 , MT5
Funding Methods Bank Transfer, Mastercard, Skrill, Neteller Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, VLOAD, Unionpay
Trading Commission Fees Included in Spread 7 USD / lot - XM Zero Account 6 USD / lot - Zero Account
Visit TrioMarkets

Alert Most retail CFD accounts lose money. Your capital is at risk.

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