Contents
- 1 TrioMarkets Basics
- 2 About TrioMarkets
- 3 Key Benefits
- 4 Why Choose TrioMarkets?
- 5 TrioMarkets Regulation
- 6 Licences and Registrations
- 7 Regulation In Kenya
- 8 Fund Safety
- 9 TrioMarkets: Legit or Scam?
- 10 TrioMarkets Instruments
- 11 Financial Markets
- 12 Account Types
- 13 Live Accounts
- 14 Islamic Swap-Free Accounts
- 15 Leverage
- 16 Demo Accounts
- 17 Trading Fees
- 18 TrioMarkets Registration – How To Open A Trading Account
- 19 TrioMarkets Registration – How To Verify A Trading Account
- 20 TrioMarkets Funding Options
- 21 Deposits & Withdrawals
- 22 Trading Platforms
- 23 Trading Tools
- 24 Education
- 25 Extra Trading Services
- 26 TrioMarkets Customer Support
- 27 Conclusion
- 28 Forex Broker Review FAQs
TrioMarkets Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | FSCA |
| 💰 Minimum Deposit | $250 |
| 💳 Deposit Options | VISA, MasterCard, Bank Wire, Neteller, Skrill. |
| 💳 Withdrawal Options | VISA, MasterCard, Bank Wire, Neteller, Skrill. |
| 📌Open an account | Start Trading with TrioMarkets |
About TrioMarkets
TrioMarkets is an established forex broker with great trading conditions. It has tight spreads, fast trade execution, and high leverage. It also has great account options, powerful trading platforms, and helpful trading tools.
Key Benefits
Why Choose TrioMarkets?
TrioMarkets is a reliable and trusted Forex broker that offers its clients an array of advantages when it comes to trading. Here are some of the reasons why you should consider trading with TrioMarkets:
- Low Trading Costs: With low commissions and competitive spreads, you can benefit from lower costs on their trades and maximize their profits.
- Fast Execution: Trades are executed quickly so you don’t have to worry about missing out on opportunities due to slow execution speeds or slippage issues.
- Variety Of Instruments: You can trade a wide range of instruments including currencies, commodities, indices and stocks through one account.
- Security & Regulation: Your funds are securely held in segregated accounts with top-tier bank. Your accounts are also protected through advanced data encryption protocols.
- Flexible Leverage Options: You can trade with leverage of up to 1:500 depending on what suits your initial capital, your risk appetite, and your overall trading experience.
TrioMarkets Regulation
TrioMarkets is a licensed forex broker that operates under the regulatory supervision of many different regulatory authorities. TrioMarkets is a trade name used by several different companies, all run by the same management, and all working together as one group. Together, the TrioMarkets companies have licences and registration with the following regulatory authorities.
Licences and Registrations
- EDR Financial Ltd is licenced and regulated by the Cyprus Securities and Exchange Commission (CySEC), with the licence number 268/15
- EDR Financial Limited is authorised and regulated by the Financial Conduct Authority (FCA), with the registration number 702759.
- EDR Financial Limited is authorised and regulated by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), with the registration number 143165.
- EDR Financial Limited is authorised and regulated by ACPR, Banque de France, with the registration number 60724.
- AAA TRADE LTD is authorised and regulated by CONSOB (Commissione Nazionale per le Società e la Borsa), with the registration number 4175.
- EDR Financial Limited is authorised and regulated by the CNMV (Comisión Nacional del Mercado de Valores), with the registration number 3946.
- BENOR Capital Ltd is registered with and licensed by the Financial Services Commission (Mauritius), with the licence number C118023678.
Regulation In Kenya
Traders in Kenya can register for an account with BENOR Capital, which is part of the TrioMarkets (Global) group, and which is regulated by the Financial Services Commission (FSC) of Mauritius.
Fund Safety
TrioMarkets keeps client funds in segregated accounts, separate from its own operational funds. It also keeps the funds in one of the most reputable banks in Europe – Swissquote.
TrioMarkets: Legit or Scam?
TrioMarkets is a legit online forex broker. The company was founded in 2014 and is based in Cyprus, with other offices worldwide. It offers a wide range of trading instruments including currency pairs, commodities, indices, and stocks. TrioMarkets provides competitive spreads on all major currency pairs as well as tight spreads on exotic currencies. In addition, they offer a variety of account types for different levels of traders from beginner to advanced.
TrioMarkets Instruments
TrioMarkets has a nice choice of trading instruments. You can choose from currency pairs, shares, indices, energies, metals, and cryptocurrencies.
Financial Markets
- Forex: They offer trading on 60+ instruments including major, minor, and exotic pairs.
- Shares: TrioMarkets offer access to a wide range of European, American, and Asian shares.
- Commodities: They provide CFD trading on crude oil, Brent, and natural gas.
- Metals: They have CFD trading on gold, silver, platinum, and palladium.
- Indices: They provide access to CFD trading on the S&P500, DAX30, FTSE100 & more.
- Cryptos: They give you access to a great range of cryptocurrencies.
Account Types
TrioMarkets has several different account types and each comes with its own unique trading conditions. Here’s what you can expect from each account.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Basic | From 2.4 pips | $100 | 1:500 | $0 |
| Standard | From 1.4 pips | $5,000 | 1:500 | $0 |
| Premium | From 1.1 pips | $25,000 | 1:500 | $0 |
| VIP | From 0.0 pips | $50,000 | 1:500 | $4 per lot |
Live Accounts
As part of our TrioMarkets broker review, we checked what trading accounts are available and what trading conditions they come with. In our opinion, the best trading account for forex traders in Kenya is the TrioMarkets Basic Account. It comes with low trading costs. For example, it has an average spread of 2.4 pips and there are no commission fees. It also comes with decent leverage. For example, you can trade with a maximum leverage of up to 1:500. The TrioMarkets minimum deposit for this account is $100 and the base currency is USD.
Islamic Swap-Free Accounts
All of the TrioMarkets accounts are also available as Islamic Swap-Free trading accounts, and you can choose this option when opening your online trading account.
Leverage
TrioMarkets is a forex broker that offers you the ability to trade with leverage. Leverage allows you to open larger positions than you would otherwise be able to, by borrowing money from your broker. This can increase potential profits but also increases risk as losses are magnified too. The maximum availale leverage at TrioMarkets is 1:500.
Demo Accounts
TrioMarkets also offers demo trading accounts. The demo accounts are great for new Kenyan traders who want to get a feel for the forex market before trading with real money. The demo account lets you practise your trading with virtual currency. There are no minimum deposit requirements. It also lets you access many of TrioMarkets’ platforms and tools.
Trading Fees
When it comes to trading with a forex broker, fees and commissions can have an impact on your overall profitability. It is important to understand the costs associated with trading before you open an account. In this section, we will discuss the fees and commissions charged by TrioMarkets.
- TrioMarkets Spreads: The spread is the difference between the bid (buy) price of a currency pair and its ask (sell) price in pips or points. When you trade at TrioMarkets, spreads start from 1.2 pips for major currency pairs like EUR/USD but may vary depending on your account type.
- TrioMarkets Commission Fees: Commission charges are applicable only if you choose to trade on their VIP accounts The VIP accounts come with tighter spreads than the other accounts, but also come with a small commission per lot traded based on your account type.
- Overnight Swap Charges: Overnight swap charges are applied when positions remain open past 5pm EST each day due to rollover rates that vary depending upon whether positions are long or short in any given instrument as well as current market conditions at that time period.
- Other Fees & Charges: There may be other miscellaneous fees charged by TrioMarkets such as a withdrawal processing fee or a dormant account fee. Make sure you read all of their terms and conditions prior to opening up any live trades with them.
TrioMarkets Registration – How To Open A Trading Account
As part of our TrioMarkets broker review, we checked their online registration process and how easy it is to open a trading account. If you live in Kenya, then you can trade with TrioMarkets. To get started, you need to visit their website, complete the online registration form, and choose your login details. This is so they can create your account. Next, you need to take a quick online test. This is so that they can see how much you already know about trading. Lastly, you need to complete the account verification process, provide copies of the requested documents, and choose your account type. This is so that they can confirm your identity and approve your trading account.
TrioMarkets Registration – How To Verify A Trading Account
As part of our TrioMarkets broker review, we also looked at their verification process and how easy it to finish setting up the account. To verify the account, you’ll need to show TrioMarkets a proof of ID and a proof of address. This is so that they can they can complete their regulatory checks. You can provide copies of your National ID card, Passport or Driving License. You can also provide copies of a utility bill or a bank statement registered in your name.
TrioMarkets Funding Options
As part of our TrioMarkets broker review, we looked at what payment options they offer and how good their transaction handling process are. TrioMarkets offers a number of reliable payment methods. You can choose from a good range of payment options, as well as popular e-wallets. They also offer fast transaction times and low transaction fees, which can make funding your account and withdrawing money much quicker.
Deposits & Withdrawals
TrioMarkets has many funding methods. You can fund your account using a debit card, credit card, or bank transfer. You can also use other deposit methods such as Neteller account or Skrill account. You can also withdraw money from your account using any of the same TrioMarkets withdrawal methods.
Trading Platforms
At TrioMarkets, they offer the MetaTrader4 (MT4) trading platform, which is perfectly designed to meet your trading needs. Whether you’re a beginner or an experienced trader, the MT4 platform provides everything you need to make successful trades and maximize your returns.
The MT4 platform is one of the most popular trading platforms in use today and has been developed specifically for online Forex trading. It offers advanced charting tools as well as automated strategies so that even beginners can get started quickly and easily without needing any prior experience or knowledge about Forex markets. With MT4 at TrioMarkets, you can access real-time market data from over 50 currency pairs plus commodities such as gold and oil – making it ideal for both short-term scalping strategies or long-term investments alike!
Trading Tools
TrioMarkets has a wide range of trading tools. It has a social trading tool that allows you to copy other people’s trading strategies. It also has another trading tool called MT4 TrioXtend. This tool comes with some useful apps that help you plan your trades, manage your risk, and get the latest market news.
Education
TrioMarkets has a good selection of educational materials. It gives you access to educational videos, eBooks, trading glossaries, and many other tools.
Extra Trading Services
TrioMarkets has a money management solution. It is set up on an alternative platform, separate from the MT4, for easy access and for more transparency. The money management solution works on a subscription basis, and you can cancel the subscription at any time.Documentation
TrioMarkets Customer Support
TrioMarkets offers excellent customer service. You can contact their Customer Support via phone, email, or live chat. You can also contact them online via their contact us form.
Conclusion
TrioMarkets is a reliable, trustworthy forex broker. It offers great trading conditions, excellent service, and a safe trading environment. It also offers useful trading tools, insightful research, and high quality education resources.
Forex Broker Review FAQs
Yes, in our opinion, TrioMarkets is a good forex broker. They have minimum deposits starting from just $100, which is lower than many other forex brokers. TrioMarkets offers a nice range of assets, including forex, stocks, indices, metals, and cryptocurrencies. They also have good trading conditions, including high leverage, low commissions, and fast trade execution, ensuring you get a great online trading environment. In our opinion, TrioMarkets is a reliable forex broker and a good choice for Kenyan traders.
Yes, TrioMarkets in Kenya is a legit forex broker. They have been offering online trading services for many years now and have a large client base in Africa. They are regulated by some of the strictest financial authorities in the world, including CySEC. In terms of their trading service, they provide a good selection of trading accounts, as well as low cost trading conditions. They also have a good range of payment methods, a high level of client fund protection, and good customer service. In our opinion, they are a legit broker and a good choice for Kenyan traders.
Yes, TrioMarkets is a regulated forex broker. The brand name TrioMarkets is used by a small group of companies. The group is regulated by many top-tier regulators, including the financial regulators for the UK, Cyprus, France, Germany, Italy, Spain, and Mauritius. While this business structure might seem complicated at first, it allows TrioMarkets to register with multiple regulatory authorities, and to operate in different countries around the world, including Kenya.
Yes, TrioMarkets in Kenya is a safe forex broker. When it comes to client fund safety, they offer more than the basic regulatory requirements, and implement extra client fund protection measures. For example, Trio Markets keeps all client funds in segregated accounts, separate from its operating capital. This means that they cannot use client funds for their own operational purposes. In our opinion, Trio Markets is trustworthy and a good choice for Kenyan traders.
Yes, TrioMarkets in Kenya is good for beginners. They offer a low-cost trading account, with a minimum deposit of just $100. They also have a large selection of trading tools and resources. For example, beginner traders, who may need more help with their trading, can use the TrioMarkets educational materials to improve their knowledge. This will give them access to expert insights and increase their chances of trading profitably.
TrioMarkets in Kenya is a great forex broker. They have a good range of trading accounts, trading instruments, and trading tools. They also have great learning materials, helpful customer support, and good client fund security. However, if you want to look at alternative options, there are many other great forex brokers as well. We recommend looking at HotForex, FXTM, FXPro, FXPesa, and Instaforex.
Ready to start trading? Sign up for an online trading account with TrioMarkets here.