What is TIO Markets?
TIO Markets is a brokerage firm that aims to provide a fast and efficient trading environment with a stable approach and top trading conditions for global traders. TIO Markets is based in London as the world’s leading financial center.
TIO Markets focus on FX and CFD instruments, including Shares, Indices, Energies and Cryptocurrencies, where your orders are placed through electronic bridges connected to liquidity providers that also ensure ultra-low spreads at all times.
Brokers seek to provide fast, safe and efficient trading experiences with emerging technologies through NDD and bridged technology, professional education with internal webinars and transparency.
While TIO Markets deals can be targeted to different size traders from novices to pros, there is an interesting opportunity for high-volume traders through TIO Markets VIP Black account to save money with 0 commissions.
Is TIO Markets secure or a scam?
TIO Markets is regulated by the Financial Conduct Authority UK, which is one of the strictest oversight bodies for trading and investment firms. Therefore, when holding an account with TIO Markets, you can be assured of consumer protection at the highest level in the world along with compliance with best practices.
Ultimately, the regulation is also relevant when selecting a broker, because the licensing authority needs a number of regulations that create a safe atmosphere for traders. According to them, TIO Markets customers’ money has always been fully separated, which means that it is untouchable for a business that guarantees its protection. In addition, FCA continuously monitors and audits the transactions of brokers to ensure the best service, as well as participates in FSCS to protect clients’ money in the event of insolvency problems.
Nevertheless, there is an additional TIO Markets company registered in the offshore SVG, which operates for the purpose of global expansion to trading. While we do not advise on trading solely with offshore companies due to high risks in conjunction with FCA compliance, TIO Markets is a safe choice.
Platforms for Trading
Understanding the need to use powerful tools to execute orders and evaluate markets, TIO Markets utilizes the industry-known MetaTrader4 and its next MetaTrader5 update. These two platforms are the most popular option among traders and it’s no wonder, since it’s very hard to find the same advanced features all combined into one.
MetaTrader4 provides multi-asset trading functionality and advanced charting services with over 30+ technical indicators, supplemented by free research software and technical analysis reports.
In addition, MT4 facilitates the optimization and use of different techniques as well as automated trading, does execution of TIO Markets well with quotes obtained from its multiple liquidity providers. And, in conclusion, we see that TIO Markets have made it the most practical way as a result of a great mix of complexity and still customer-friendly choices.
Also, MetaTrader5 incorporates even more advanced and state-of-the-art software left to your preference, and is available in different versions for almost any platform and no restrictions on EAs.
TIO Markets fives exposure to trading across three types of accounts structured with defined trading conditions depending on the volumes you operate.
What we do also like is a very special offering to handle the trading costs of TIO Markets. Whatever the type of account you trade, TIO Markets provide you with raw spreads that are the lowest spread at all times plus a fee determined by the type of account. And the net cost should be on the Standard account raw spread, as you can see in the example below and add to the $6 fee per lot traded.
With VIP Black account, you can enter trading with zero commission and razor-thin spreads on all markets, as TIO Markets mentions on its website only by paying a monthly subscription of $49.95. Whereas the VIP account provides a lower fee of just $2 per lot at a monthly charge of $24.95.
TIO Markets Overnight Fee
In fact, you can also pay an overnight or rollover fee, a swap that is an interest charged for keeping a position overnight. Such prices are calculated by the instrument and the direction of sale or purchase, which you can test directly from the website.
The maximum amounts of leverage are determined by the regulatory constraints, the instrument you trade and your personal pro level. As a result, the general bid for retail trading under the FCA license amounts to a limit of 1:30 for major currency pairs.
However, in the event that you open an account with a TIO Markets offshore organization, the business may give you higher leverage ratios, but you should choose leverage specifically and always understand the risks involved.
Methods of Funding
If you decide to open an account, the next move is to finance the account, which can be done through Visa, Mastercard, UnionPay P2C and Bank Wire.
Min Deposit Volume
There is a minimum deposit requirement of $50, which is perfect for you to determine what sum you want to spend just by covering and testing the required margins for an instrument or another. But VIP and VIP Black accounts with monthly subscriptions require available sums of $1,000 or $500, primarily due to margin coverage and monthly fees.
Fee for Withdrawals
More importantly, TIO Markets covers all payment fees so that there is no charge on deposits or withdrawals. However, due to the specific conditions of your residence or payment system, it is advised that you check that all fees are waived by the company itself.
Overall, TIO Markets trading opportunity could be an interesting choice, particularly for high-volume traders, due to its unique opportunity to trade with $0 commission on a monthly subscription basis. In addition,industrial equipment they use and the variety of instruments available to them is followed by formal education.
Given that the duty of TIO Markets is to FCA, there is a better state of mind for the trader even though the organization is a fairly young player on the market.