TrioMarkets scam – the secret behind broker that no one talks about

There’s lack of brokers on Forex market, who offer transparent trading experience. Nevertheless, TrioMarkets tends to solve the issue by providing its customers with all the necessary products, including metals, indices, stocks, commodities, CFDs and Forex trading conditions.

Claiming to be monitored by official regulatory, offering the highest possible execution speed along with one to thirty leverage were the reasons why the broker got our attention.

We’ve received a bunch of requests regarding the above-mentioned company. That amount of interested made us craft the complete guide, helping you to avoid joining the trading platforms, that offer close to zero value. Without further ado, let’s found out what’s the chance of dealing with potential TrioMarkets scam. Before talking about the details, take a look at the trading accounts.

Basic Account:

• FX Leverage  – up to 1:30
• CFD Leverage – up to 1:20
• Minimum Spread of 2.4 pips
• Commission-FREE Trading
• Stop Out Rate – 50%

Standard Account:

• FX Leverage  – up to 1:30
• CFD Leverage – up to 1:20
• Minimum Spread of 1.4 pips
• Commission-FREE Trading
• Stop Out Rate – 50%

Advanced Account:

• FX Leverage  – up to 1:30
• CFD Leverage – up to 1:20
• Minimum Spread of 0 pips
• Commissions – $6
• Stop Out Rate – 50%

Premium Account:

• FX Leverage  – up to 1:30
• CFD Leverage – up to 1:20
• Minimum Spread of 0.0 pips
• Commissions – $4
• Stop Out Rate – 50%

Additionally, all the accounts provide access to the so-called TrioAcademy. We’re sure you have read the majority of the TrioMarkets reviews, mentioning the advantage of having free courses, e-books and video conferences available for free of charge. As well as, the company offers the 200% margin calls.

Deposits and Withdrawals

Depending on the account type, the minimum deposits vary. It starts at $500 and goes up to $5000. Without a doubt, entering the market with thousands of dollars in investments is not a good sign in terms of dealing with a credible broker. As well as, having a fast and easy withdrawal process increases the trustworthiness.

Nevertheless, the possible TrioMarkets scam does not try to solve the customer’s issue at all. According to the trading accounts page, it will take at least a day to receive the funds. It surely does seem fishy to hold the account balance for hours of time, without even giving a clear explanation.

Is TrioMarkets Scam?

If you want to withdraw some amount of money, you should be familiar with the following rule that the company has decided to set. Basically, traders will be eligible for withdrawing account balance in the case selecting the same payment type while doing so during the deposit. For example, if the one used the WireTransfer for deposit, and selected PayPal as a withdrawals method, the broker will charge additional fees.

It surely is the hardest thing to identify the scam straight away. However, you can experiment with the basic account to understand the core value of the company. Usually, the brokers avoiding to answer all kinds of questions related to payment systems and commissions are most likely to be scammers.

Maximum Leverage

Unfortunately, the broker provides its customers with a maximum leverage of 1:300, which is below the average rate of the Cyprus-based companies. It’s not the biggest issue but needs to consider while thinking about joining the company. Possibly, TrioMarkets rating being too low was caused by having the lowest possible leverages.

It will take hours to list down all the other competitors, but we do recommend everyone checking out at least three brokers, located in Cyprus in order to differentiate either advantages or disadvantages from each other. Once you’re familiar with the average standards, there’s nothing to worry about.

Commissions and Spreads

After learning more about its trading accounts, we’ve realized that the broker offers quite high floating spreads. You may not even believe that it starts at 2.5 pips and ranges up to 1.5, intended for commission-free memberships. As a matter of fact, 0.1 pips are offered to the premium accounts. However, they require a $6 commission per lot.

We should mention the fact that commission-based trading accounts make first-time customers deposit at least $50,000 to the balance in order to start trading experience. Setting too many fees onto every possible action does influence the trustworthiness of the broker, especially for the traders who have some sort of experience in Forex and stock markets.

TrioMarkets MT4

The majority of the brokers offer MetaTrader 4 as the primary trading platform. TrioMarkets does provide thousands of members with the most commonly used technology, also known as MT4.

Both, mobile and desktop versions are available for the download. Nevertheless, the web browser trading experience was not as good as we expected to be, because certain actions cause a tiny bit of lag, leading to having a minute delay. Undoubtfully, having to wait for a few minutes or sometimes seconds matters a lot in terms of placing the profitable orders.

Conclusion

‘Can TrioMarkets be trusted?‘ – surely its the only logical question to ask at the end of the article. Nevertheless, the fact of being regulated by CySec supports the idea of dealing with a legit company, but it does not make us safe in a case dealing with possible fraud. High spreads alongside with thousands of dollars requiring for the initial deposit questions the credibility of the broker.

Always remember that your capital might be at the risk cause of having a low reputation among thousands of traders. Unfortunately, we cannot recommend registering the account and depositing at least $500 to the account to get things started out. However, you can use the demo account option to see how the trading experience looks like, helping you decide whether the broker is worth trusting.