Risk Warning: Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a substantial risk of loss. Choosing a higher leverage on those products can lead to high losses. Following portfolio management or copying the trading activity of other traders, even though they may be professional traders (physical or legal persons) is not obligatory and cannot guarantee success. You should not trade CFDs and Forex either by yourself or with the use of an expert advisor (robot), or copy the trading activity of other traders, unless you are prepared to sustain a total loss of your initial investment (deposit). Therefore, Forex and CDs may not be suitable for all investors. Before trading, assess your financial condition and your level of experience and only invest with money you can afford to lose. Past performance or the use of financial indicators are not reliable sources of information and cannot be indicative of future results. Any material used, published or distributed by TrioMarkets™ is used for marketing or educational - where applicable-purposes only and in no case can they be considered as investment advice or strategy or recommendation, implied or explicit, with respect to the trading of a financial instrument. If necessary, seek for independent advice. Please ensure that you fully understand the risks involved.
TrioMarkets has an interesting background. It was launched first by three people who worked in the finance industry, so it started from a place of knowledge and expertise. It is a registered firm in Cyprus, and technically speaking it is owned there by EDR Financial Ltd. It is regulated by CySEC, which is also known as the Cyprus Securities and Exchanges Commission (CySEC). In terms of direct trader benefits, this means that if TrioMarkets goes into administration, then each trader can receive a maximum of €20,000.
TrioMarkets Fees
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The amount you’ll pay in payments to TrioMarkets depends on which account type you opt for – and that, unfortunately, is something of a complex task. There are many to choose from, perhaps too many – and you will need to do your research. The Raw Spread Account, for example, can deliver trading with no-pip spreads, although you will need to pay out a commission of $5.5 per lot traded. The Standard account, meanwhile, has spreads which kick off at 1.4 pips. It’s worth spending time deciding which pricing structure works best for you.
Trading Platforms
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Not only does TrioMarkets offer the market-leading Meta Trader 4 system to its trading clients, but it also provides an additional plugin called MT4 TRIO XTEND which in essence makes it a souped-up version of the standard Meta Trader experience. It contains everything from sophisticated order execution features to in-built market news supplies, so it’s sure to keep you informed. There are mobile applications available for both Apple and Android devices, too.
Customer Service
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The customer service picture is not strong at TrioMarkets. Its contact page does contain a number of email addresses pointing to teams in seven different languages, which is certainly beneficial if you are approaching the trading world as a speaker of a foreign language. However, some of the more sophisticated modern features which tend to be seen on prominent broker websites, such as live chat functions, do not appear to exist on TrioMarkets. There is also no clear and obvious email address, so users will need to fill out an online form – again restricting the level of choice on offer when it comes to getting your complaints or queries addressed.
Address: Centro Office 301, Grigori Afxentiou 11, Limassol 4003, Cyprus
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