Triomarkets Review: In-Depth Analysis of Broker’s Features & Services
Triomarkets broker is in the business for almost 10 years. Since 2014 they are practicing FX and CFD trading services in various countries. With two domains, one for Europe and one offshore they manage to cover the whole world with their services.
But to find out the downsides of two entities you will have to read our Triomarkets review carefully. But don’t miss out on Decode Global, CarbonCapitalFX and Eightcap reviews. There are many news about the trading world..
Who Is Triomarkets Broker?
The official owner of Triomarkets Global is Benor Capital LTD. This entity is based in Mauritius, the country known for Tier 3 regulations. On the contrary, there is EDR Financial LTD responsible for trading in Europe. To be honest, EDR Financial has all the necessary licensing covered.
On the contrary, Triomarkets broker based in Mauritius is a bit different. Even though they are not authorized to provide services to clients from Europe, they still do. That’s why you have to establish what entity and regulators are responsible for the activities on your trading account.
|Legal name:||Benor Capital LTD|
|Regulation:||FSC Mauritius, CySEC|
|Financial Authorities Warnings:||N/A|
|Contacts:||Phone: +44 20 376 936 49
+33 3 75 77 37 52
+39 03 321 320 002
+49 61 718 913 051
+971 4 242 1234
E-mail: [email protected]
|If a withdrawal is possible:||Yes|
|Fees:||$30 inactivity fee
Payment processor deposit fee
Up to 3% withdrawal fee + payment processor fee
|If Active on Social Media:||Yes – Facebook, Twitter, Instagram, Youtube, LinkedIn|
|Investor Protection:||Yes – Segregated funds for deposits, negative balance protection and compensation scheme|
In this Triomarkets review, we are analyzing only an offshore entity. Indeed, Triomarkets is registered with Financial Services Commission (FSC) and with DED in the United Arab Emirates. Even though, the main regulator in the Emirates is DFSA. However, the company doesn’t have any Tier 1 licenses for this offshore company. Neither FCA, BaFin or ASIC.
Thus, for the European brand, the company is licensed by BaFin, CNMV, CySEC and a couple more. But to enjoy all the necessary funds protection guarantees you should know what regulation is followed. Because regulation in Mauritius and Germany for instance is not the same. That might be the reason for many Triomarkets complaints.
Triomarkets Broker Profile
Triomarkets company has various choices for every type of trading. From managed accounts to social trading, but also automated options. With MT4 as the leading trading software and other high-tech options, the platform might be suitable for many traders. However, not every trader gets the same conditions.
Depending on the account type traders are required to put between $100 and $50.000 in deposits. As for Triomarkets costs, those are the same on both platforms. But there is one very important difference. That is Triomarkets leverage. In Europe, it’s limited to 1:30 due to many regulatory requirements. However, offshore one doesn’t have limitations. Therefore, traders can use the leverage of up to 1:500.
If you are coming from Europe, but you get leverage anything higher than 1:30 know there is something wrong. The main downside of such high leverage is a huge risk. Your balance can be wiped out in seconds.
|Trading platforms:||MT4, Fix API, PAMM, MAM|
|Account types:||Basic, Standard, Advanced, Premium|
|Financial Instruments On Offer:||
|Commissions/bonuses:||$4 commission / 10% bonus for first 1.000 USD deposit|
|Demo account:||Yes, for three months|
|Education or Extra tools:||FIX API, Social Trading, VPS|
Traders Reviews of Triomarkets Broker – Sharing Experiences
Most Triomarkets complaints can be seen on Trustpilot. Almost 20% of the total comments had some negative experience. Therefore, you should consider those while choosing a broker.
The main reason for such unclarity is two entities. Whereas the one working with European regulations does everything by the book. But offshore one remains mysterious. But to avoid any paranoia you can talk to our experts and get a tailored offer based on your requirements.
How Does Triomarkets Trading Platform Reach Clients and Who Are They?
Companies mainly target their traders with marketing campaigns on social networks. But also with affiliate and Triomarkets partner programs. That’s practically the fastest way to get more traders. Of course, if you are playing by the book.
But if you don’t that’s the fastest way to destroy your reputation. As for the demography, their traders mainly come from:
- United Kingdom
- United Arab Emirates
If you have any doubts about brokers, you better talk to experts. Not all details about the broker are always present on their website. Get in touch with our team to find out more.
Triomarkets MT4 Review
With cutting-edge technology, Meta Trader 4 quickly became an industry-standard software. Many traders are used to its functionalities and benefits. Therefore, brokers tend to provide such technology to traders.
They can enjoy multiple real-time tools, customization features and one-click trading options. Most importantly, you can do that on any device. Besides, the company offers additional trading software which is not as reliable as Triomarkets MT4. Still, it’s good to have different options.
Deposits and Withdrawal Methods
Funding methods are quite transparent with this broker. Important to realize is that Triomarkets has no deposit bonus available. But for European entity. Thus, an offshore entity provides a 10% bonus after the first 1.000 USD deposit. Quite an important factor because bonuses are banned all across Europe.
As for the funding methods, you can choose between:
- Wire transfers
- Debit and Credit cards
- e-payments (Skrill, Neteller)
Card processing is obtained through the PSP with a license from Lithuania. However, e-payments are covered by FCA regulations. Processing time is mostly instant. Of course, for deposits only. On the contrary, withdrawals take 1 business day for online options. While wire transfers can take up to 3 business days. Fees for wire withdrawal go up to 50 units (base currency). For others, it’s 1%.
Triomarkets Affiliate Program
There are few choices to promote the company. There is a Triomarkets affiliate CPA program but also Introduce broker program. Also, there is often used referral program.
All these are designed to bring more traders. For experienced traders, the benefits of such programs don’t present something significant. In this case, with an offshore entity, all benefits go through bonus credit. Which comes with a bonus clause that has strict requirements for getting a reward.
Pros and Cons of Triomarket Broker
Pros we can consider is a highly regulated European entity. At the same time, there is an offshore regulated entity. Generally speaking, traders from the EEA zone are quite protected, while others are not. In this case, you just have to make sure that you don’t accept bonuses and leverage higher than 1:30.
On the positive side, the broker provides many different trading technology options. But also competitive and transparent trading conditions.
Our Safe Trading Experts’ Opinion of Triomarkets Broker
Generally speaking, a European entity is something every traders should look for. However, the offshore one makes confusion and unclarity for traders. After all, they wouldn’t have that many negative reviews without a reason.
To understand better what’s happening behind the scenes, talk to our experts. It’s free of charge and you can book your first consultation already today. Don’t miss the chance to protect yourself by learning more about the brokers. Contact us today!
Do reviews by traders influence the TrioMarkets rating?
Absolutely. Whether positive or negative, traders share their own opinion on a broker. OF course, those might be fake as well. Your opinion matters the most.
How To Start Trading Safely?
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