Forex Broker
- Company name: EDR Financial Ltd
- Founded: 2015
- Offices: Cyprus
- Regulators: EU CySEC License No. 268/15
- Broker type: ECN/STP
Trading info
- Min. Deposit: $300
- Leverage: 300:1
- Min. Spread: 0.0 pips
- Deposit/Withdrawal: Bank wire, Visa/Mastercard, Skrill , Neteller
- Currency pairs: 60+
Trading platform
- Platform: MetaTrader4, Sirix
- Web based: Yes
- Mobile: Yes
- Educational resources
- Easy mobile trading for access anywhere
- Good variety of trading platforms and account types
- Well-designed site with intuitive layout
- No FSCA Regulation
- Higher minimum deposit
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.
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.
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.
Standard account
The standard account is suitable for beginners, with a minimum spread of 1.4 pips and leverage of 1:300. This lower level of account offers 1-to-1 coaching in addition to the ebook and video training material.
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 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. The commissions charged are reduced further on this account too.
Minimum Initial Deposit
The initial minimum for TrioMarkets is higher than most brokers, but with good reason. The minimum is 300 USD, and has free features open up on the account; including the 1:1 coaching to get you started. The combination of a broker with a good reputation, coaching, and low spreads means you start with forex trading should be a stable one.
Trading Platforms
TrioMarkets offers the popular MetaTrader 4 platform, as well as the Sirix Web Trader, social and mobile trading.
The MT4 mobile trading platform has both IOS and Android apps and features an intuitive and simple interface for easy trading. The social trading option enables you to follow trends and watch other customers make trades which encourages learning. CopyTrading is an especially great tool for new traders, and it’s available with each of TrioMarket’s trading platforms.
TrioMarket’s uses the Sirix online platform for browser-based trading. Sirix requires no downloading of software and makes trading available to anyone with an internet connection.
Deposits and Withdrawals
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. Important to note – Triomarkets will charge a fee of 1.5% per withdrawal with a minimum charge of $25 and a maximum of $100.
You can make deposits and withdrawals with major credit cards, major e-wallets like Paypal, Netteller, Skrill, and Webmoney as well as making an EFT from your Bank Account to the TrioMarkets Barclays bank account in London.
Customer Support
TrioMarkets support is of high-grade, and the more advanced your account, the more attentive service you’ll receive. Help is available 24/6, there are also video tutorials in 15 languages, and extra training material is available on their website.
Compare TrioMarkets
TrioMarkets Vs. FXTM
| TrioMarkets | FXTM | |
|---|---|---|
| Funding | Bank wire, Visa/Mastercard, Skrill , Neteller | Bank wire, Visa/Mastercard, Skrill & Western Union, Neteller and many more |
| Regulated | EU CySEC License No. 268/15 | FSCA No.46614, FCA, CySEC, IFSC |
| Broker Type | ECN/STP | ECN/STP |
| Currency Pairs | 60+ | 59 |
| Minimum Spread | 0.0 pips | 0.1 pips |
| Minimum Deposit | $300 | $5 |
| Max Leverage | 300:1 | Flexible |
| Expert Review | Read review | Read review |
| Visit Website | Visit TrioMarkets | Visit FXTM |
TrioMarkets Vs. HotForex
| TrioMarkets | HotForex | |
|---|---|---|
| Funding | Bank wire, Visa/Mastercard, Skrill , Neteller | Bank wire, Visa/Mastercard, Skrill, Neteller and many more |
| Regulated | EU CySEC License No. 268/15 | FSCA No.46632 |
| Broker Type | ECN/STP | ECN/STP |
| Currency Pairs | 60+ | 51 |
| Minimum Spread | 0.0 pips | 0.0 pips |
| Minimum Deposit | $300 | $5 |
| Max Leverage | 300:1 | 1000:1 |
| Expert Review | Read review | Read review |
| Visit Website | Visit TrioMarkets | Visit HotForex |
The Breakdown
TrioMarkets supports MT4, and despite having a higher minimum deposit, offers a special welcome to new traders with educational material and assistance. With ECN/STP execution, there is no issue of conflict of interest, and you can trade knowing that CySEC regulates your account and you trade with one of the most reputable brokers available.
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