TIO Markets Review 2024
Website: www.tiomarkets.uk
Min. Deposit: US$ 50
Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: FCA
Headquarters: UK
Founded: 2019
Updated on April 25, 2024
Quick Links
TIO Markets stands out as a leading online trading broker, offering access to a wide range of financial instruments such as forex, indices, metals, stocks, energies, and cryptocurrencies for international trading. The platform equips traders with an array of tools and features, including state-of-the-art charting options, the latest financial news and analysis, and superior execution speeds. Based in London, TIO Markets also operates from several global locations, ensuring broad access and support to traders worldwide.
Pros
Provides robust trading conditions and regulated trading with NDD (No Dealing Desk) execution, ensuring tight spreads and a diverse selection of instruments.
Offers trading education through videos, a variety of trading platforms, and reliable customer support.
Cons
Lacks comprehensive educational resources such as webinars or seminars.
Trading instruments are restricted to Forex and CFDs.
Is TIO Markets Safe or a Scam? ▲
TIO Markets operates under the strict regulation of the Financial Conduct Authority (FCA) in the UK, one of the most stringent authorities overseeing trading and investment firms. Holding an account with TIO Markets offers traders the assurance of consumer protection and adherence to best practices at the highest global standards. For those interested, further insights on the benefits of trading with FCA-regulated brokers can be found through dedicated links. Consequently, TIO Markets is not a scam but a highly reliable broker with top-tier licensing.
TIO Markets Review Summary in 12 Points ▲
Headquarters: UK
Regulation: FCA
Instruments: A variety of FX and CFD instruments including Shares, Indices, Energies, and Cryptocurrencies
Platforms: MT4, MT5
EUR/USD Spread: $5 commission per lot traded
Minimum deposit: US$50
Base currencies: USD, GBP, EUR
Demo Account: Available
Education: Advanced education with inner circle webinars
Customer Support: Available 24/5
TIO Markets secures an overall ranking of 4.0 out of 5, as per our comprehensive review process. This score is based on our expert analysis, which includes testing and comparison with over 1000 brokers.
Our Conclusion on TIO Markets Reliability ▲
Our trust score for TIO Markets is 4.4 out of 5, reflecting its excellent reputation and service, which has been consistently validated by traders. The broker's top-tier FCA license ensures reliability. However, it's noteworthy that TIO Markets also offers services for international trading through an offshore entity. This dual approach, combining FCA compliance with global expansion, positions TIO Markets as a secure and trusted choice for traders.
TIO Markets trading fees for forex and other financial instruments can vary depending on the type of account, the instruments being traded, and the specific terms and conditions of the trading platform. Common types of fees that may be charged by trading platforms include spread fees, commission fees, overnight financing fees, and fees for inactive or dormant accounts.
Based on our research, TIO Markets provides you with raw spreads which are the lowest spread at all times plus the commission defined by the account type.
TIO Markets overnight fee
In addition, you should also consider an overnight or rollover fee, swap which is an interest paid for holding a position overnight. These rates are determined by the instrument and the direction of the positing either selling or buying, which you may check directly from the platform.
TIO Markets Fees are ranked 4.3 out of 5 based on our testing and comparison with 1000 brokers. Our findings show that pricing can vary depending on the provider – examine our in-depth table for greater insights into their cost structure. Despite variations in fee arrangements, TIO Markets’ overall charges remain incredibly favorable.
TIO Markets spreads can vary depending on market conditions, the currency pair being traded, and the type of trading account. The total cost will be at Standard account raw spread and will add on a $6 commission per lot traded.
With VIP Black account you may access trading with zero commission and razor-thin spreads on all markets, as TIO Markets mentions on its website just by paying a monthly subscription worth $49.95. While the VIP account offers a lower commission of only $2 per lot with a monthly charge of $24.95.
TIO Markets Spreads are ranked 4.2 out of 5 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 1.2 pips for EURUSD, and spreads for other instruments are very attractive too
Leverage is a critical concept in forex trading, allowing traders to amplify their trading positions beyond the initial investment. It can significantly increase the potential for profit, but it also raises the risk of higher losses. At TIO Markets, leverage is determined by several factors, including regulatory limits, the specific financial instrument being traded, and the trader’s level of experience.
For retail traders under the FCA license, leverage is capped at a maximum of 1:30 for major currency pairs. However, for accounts registered with the TIO Markets entity regulated by the SVGFSA, leverage can extend up to 1:500, offering more flexibility but also higher risk.
TIO Markets offers various account types, each tailored to different traders’ needs, from standard accounts suitable for individuals to VIP Black accounts for more experienced traders, each with unique features and benefits. Demo accounts are also available for practice trading. The range of trading instruments includes FX, CFDs, metals, stocks, indices, and energies, with competitive conditions and fast execution speeds. For clients registered under its offshore entity, TIO Markets also provides crypto CFD trading.
Funding an account at TIO Markets is streamlined, with multiple currency options and payment methods, including Visa, Mastercard, UnionPay P2C, and Bank Wire. The minimum deposit is set at $50, which is lower than many competitors, making it accessible for beginners. VIP and VIP Black accounts require higher minimum balances due to their advanced features and services. TIO Markets stands out for covering all payment fees, ensuring free deposits and withdrawals.
TIO Markets offers the MetaTrader4 and MetaTrader5 trading platforms, renowned for their advanced features, flexibility, and comprehensive charting tools. Both platforms provide a robust trading experience, supported by fast execution speeds and access to a wide range of markets. The availability of these platforms ensures that traders can utilize a variety of strategies, including automated trading.
TIO Markets presents a compelling option for traders, especially those trading in high volumes, with its unique zero-dollar commission model on a monthly subscription basis. The broker’s use of advanced trading technology, a wide range of financial instruments, and comprehensive educational resources make it a strong choice for both beginner and professional traders. Additionally, the oversight by the FCA adds a layer of security and trustworthiness. TIO Markets is particularly suited for traders interested in FX and CFDs, stock CFDs, scalping, hedging, copy trading, automated trading, and those who prefer trading on the MetaTrader platforms.
