Trive Invest GKInvest Review 2024

Quick Links

• Our Review Method

• What is Trive Invest?

• Trive Invest Pros and Cons

• Is Trive Invest Safe or a Scam?

• Trive Invest Leverage

• Accounts

• Instruments

• Fees

• Spreads

• Deposits and Withdrawals

• Trading Platform

• Customer Support

• Education

• Conclusion

Our Review Method ▲

At Broker Insight, our review methodology for evaluating brokers is comprehensive and multi-faceted, ensuring a well-rounded analysis. We start by examining the broker's regulatory compliance and background, assessing the security and reliability of their operations. This is followed by a thorough evaluation of the range and diversity of trading instruments and markets offered, as well as the variety and suitability of account types available for different trader profiles. We delve into the trading platforms and tools provided, focusing on user experience, functionality, and technological robustness. Fees, spreads, and overall cost structure are scrutinized for transparency and competitiveness. A key component of our review involves testing the effectiveness and responsiveness of customer support. Additionally, we consider the ease and efficiency of the deposit and withdrawal processes. Finally, we incorporate real user feedback and the broker’s community reputation into our assessment to present a holistic and unbiased review that serves as a valuable resource for traders seeking reliable and insightful broker evaluations.

What is Trive Invest? ▲

Trive Invest, previously recognized as GKInvest, is an Indonesia-based Forex trading entity. The broker offers a variety of trading instruments spanning across categories such as Forex, CFDs, Commodities, Indices, Precious Metals, and Shares. Our comprehensive analysis reveals that Trive Invest is regulated and authorized by the Indonesian Commodity Futures Trading Supervisory Agency (BAPPEBTI). The brokerage has broadened its global presence, acquiring licenses from top-tier regulatory authorities including the FCA in the UK, ASIC in Australia, MFSA in Europe, and the esteemed FSCA in South Africa. Additionally, it holds a license from the Financial Services Commission in Mauritius.

Trive Invest Pros and Cons ▲

Pros

• Offers competitive trading conditions

• Low minimum deposit requirement

• Access to the renowned MT5 trading platform

Cons

• Primary entity lacks a toptier license, raising concerns for those prioritizing robust regulatory credentials

• Limited range of financial instruments in comparison to other Forex platforms

• Limited availability of educational resources, potentially unsuitable for novice traders

Is Trive Invest Safe or a Scam? ▲

Trive Invest operates as a regulated brokerage firm under the supervision of the Indonesian BAPPEBTI, indicating that it is not a scam. This regulatory authorization suggests that the company adheres to legal frameworks and industry standards.

Is Trive Invest Legit?

Yes, Trive Invest is a legitimate and regulated broker, holding necessary licenses and following regulations for offering Forex trading services. While BAPPEBTI is not considered top-tier, it is recognized as a secure regulatory body. However, it's noteworthy that one of the subsidiaries operates in an offshore zone, thus, traders should be cautious and understand the trading implications in different jurisdictions. Our Trive Invest Trust Score is ranked at 7.8 out of 10, reflecting its good reputation and services provided. Nevertheless, we advise conducting thorough research, reviewing customer feedback, and considering personal factors before engaging with the broker.

Customer Trading Protection

Trive Invest demonstrates adherence to industry standards and compliance requirements, including measures to protect client funds through segregation from company funds. It also offers safeguards like negative balance protection to prevent clients from incurring losses exceeding their account balance. However, traders are advised to thoroughly review the broker’s documentation, legal agreements, and policies for a comprehensive understanding of the trading protections offered.

Trive Invest Leverage ▲

Leverage is an essential tool in Forex trading, allowing traders to enter the market with limited capital but with the potential for substantial profits or losses. Trive Invest offers leverage in accordance with regulations from BAPPEBTI, FCA, ASIC, MFSA, FSCA, and FSC:

• ASICregulated accounts are entitled to up to 1:30 leverage.

• European, South African, and UK traders can utilize a maximum of up to 1:30 for major currency pairs.

• Indonesian traders may access higher leverage, up to 1:400.

Accounts ▲

Trive Invest provides a selection of account types tailored to meet the needs of various traders, including Classic Fixed, Professional, and Premium Zero Accounts. Each of these accounts offers unique features such as different spreads, spread types, and minimum deposit requirements, enabling traders to choose an account that aligns with their trading preferences and level of expertise. In addition, the broker caters to a broad spectrum of traders by offering swap-free trading options, further demonstrating its commitment to accommodating the diverse needs of its clients.

Instruments ▲

The firm offers an extensive selection of sought-after trading instruments, encompassing a range that includes Forex, CFDs, a variety of commodities, indices, precious metals, and shares. This diverse array of options empowers traders to broaden their investment portfolios, allowing them to engage in a multitude of markets that align with their unique investment preferences and strategies.

Trive Invest has been evaluated and assigned a Markets Range Score of 7.5 out of 10 for its array of popular trading products. This rating reflects a commendable variety and selection of instruments available to traders, positioning the broker as a notable choice in the market for those interested in these mainstream trading products.

However, it is noteworthy that our review also identified certain limitations in the broker's offerings. We observed that some popular asset classes are conspicuously absent from their selection. This could pose a limitation for traders who are seeking a more comprehensive range of trading options, particularly if they are interested in specific markets that are not currently catered to by Trive Invest. For such traders, these gaps in the product offerings might necessitate looking to other platforms or brokers to fully meet their trading needs and preferences.

Fees ▲

Upon examining Trive Invest's fee structure, it becomes evident that the broker is committed to offering competitive pricing across its trading services. Notably, Trive Invest does not impose fees on bank transfers, which is a significant advantage for traders. However, it's important to be aware that additional fees may apply during various trading activities. As such, traders are encouraged to carefully review the broker's fee structure and terms and conditions to fully understand the charges that may be applicable to their trading activities and how they could potentially affect their trading outcomes. Based on our comprehensive analysis, which included a comparison with over 1000 other brokers, Trive Invest's fees are considered to be low or average, earning an overall score of 4.0 out of 5.

Spreads ▲

Our analysis revealed that Trive Invest offers both fixed and variable spreads, with a notable average spread of 0.8 pips for the EUR/USD currency pair in the Forex market. It's important to note that spreads may fluctuate in response to changes in market conditions, volatility, and liquidity. Therefore, traders are advised to consult the broker's website or reach out to customer support for the most current information on the spreads available for specific instruments and account types. In comparison to other brokers, Trive Invest's spreads are ranked as low or average, with an overall rating of 4.0 out of 5. Our findings indicate that the Forex spread offered by Trive Invest is below the industry average of 1.2 pips, and the spreads for other instruments are also competitively priced.

Deposits and Withdrawals ▲

Our comprehensive examination reveals that the broker facilitates a variety of funding methods, catering to different preferences, including bank transfers, credit/debit card payments, and electronic wallets. Nevertheless, it's worth noting that certain payment modalities might impose specific conditions or limitations, subject to the regulations of the client's bank or financial institution.

The broker's funding methods receive a commendable rating of 4.3 out of 5. The fees are competitively low, and clients benefit from a broad selection of funding options. Here, we delve into the advantageous and less favorable aspects of the broker's funding methods.

Pros

• Competitive minimum deposit requirements

• Swift and efficient withdrawal process

Cons

• Certain payment methods may have specific restrictions

Trading Platform ▲

The broker grants access to the widely acclaimed MT5 trading platform, ensuring compatibility across desktop, web, and mobile interfaces. This platform is renowned for its intuitive design and sophisticated functionalities, enabling traders to perform transactions, analyze market dynamics, and manage their portfolios with ease.

The Trading Platform is highly regarded, earning a rating of 4.3 out of 5 when compared against 1000 brokers. Its hallmark is the provision of the advanced MT5 trading platform, albeit lacking alternative platform options.

Pros

• Access to the versatile MT5 trading platform

• Comprehensive suite of trading tools and features

Cons

• Absence of alternative trading platform options

Customer Support ▲

The broker offers round-the-clock support through various channels including live chat, telephone, email, and WhatsApp. The support team, comprised of trading experts, is equipped to provide technical assistance, analysis recommendations, general inquiries, and help with operational matters.

Customer Support at the broker is highly rated, with a score of 4 out of 5 based on our evaluations. The team's responsiveness and efficiency during working hours ensure that traders receive the support they need.

Education ▲

The broker's educational resources encompass a range of materials such as research and analysis, daily market updates, technical analysis, educational videos, and insights into the market. However, it falls short in offering seminars and webinars, which could be a setback for some traders.

The Education offering is rated at 3.9 out of 5 based on our extensive research. We recommend considering other brokers that provide a more comprehensive educational suite, including webinars and seminars, as this broker's educational content may not fully cater to the needs of beginner traders.

Conclusion ▲

In summary, Trive Invest, formerly known as GKInvest, stands out as a trustworthy Forex trading broker, excelling in providing competitive trading solutions, efficient order execution, and access to the popular MT5 trading platform. The broker prioritizes the security of client funds and offers a diverse range of payment options.

The broker's competitive trading conditions position it as a favorable choice for both novice and experienced traders. Despite its commendable trading environment, we advise potential clients to conduct their own research and determine if the broker's services align with their trading objectives.

According to our analysis and expert opinions within the financial sector, Trive Invest is well-suited for:

• Traders from Indonesia

• European traders

• UK traders

• Traders who prefer the MT5 trading platform

• Currency trading enthusiasts

• Beginners and advanced traders alike

• Swapfree trading options

• International trading opportunities

• Benefiting from competitive spreads and fees

• Utilizing superior trading tools

• Engaging in EA/Auto trading strategies