On-line since:
Country of origin:
Regulation:
Payment options:
Minimum account size:
Minimum lot size:
Leverage:
Spreads:
Founded in 2018, TIO Markets is a subsidiary of TIO Markets UK Limited headquartered in the UK. The broker is regulated and holds a license issued by the Financial Conduct Authority (FCA) of the UK, one of the strictest agencies regulating financial services providers.
Trading conditions
The list of trading instruments includes:
- more than 70 currency pairs
- stock indexes of the US, the UK, Asia, Australia, and Europe
- shares of large companies such as Amazon, Tesla, Apple etc
- commodities
- cryptocurrencies (Bitcoin, Ethereum)
- precious metals (gold, silver, platinum)
Trading platforms:
- MT4
- MT5
The broker offers floating spreads for MetaTrader platforms obtaining liquidity from world-leading banks and liquidity providers.
Experienced traders can benefit from a VIP Black account as they can trade with zero commissions and razor-thin spreads in all markets.
Deposit and withdrawal options
- Visa and MasterCard credit/debit cards
- wire transfer
- e-wallet (Neteller and Skrill)
The minimum deposit is $50. However, it makes sense for clients to begin trading with almost $200-$250.
When it comes to trading accounts, three types are available with TIO Markets: Standard, VIP, and VIP Black. A standard account is free to open, but the broker charges a $3 commission for every sold lot. Besides, a client has access to priority support. Owners of a VIP Black account pay $49.95 per month that releases them from any commissions. The biggest leverage is 1:200. Nevertheless, clients can request a higher leverage of 1:500.
All spreads with the broker are floating depending on particular market conditions. Spreads can vary from 0.1 to 7 points that depends on a currency pair and an account type.
Customer support
On the official website, the broker provides a special request form where a client should fill in his/her full name, email, and a telephone number. In addition, clients can look up the FAQ section with extended answers. For their convenience, the questions are grouped by themes, for example Accounts, Finances, PAMM etc. The broker unveils an email address which can be used by clients to inquire about any information.
Feedback from traders
The lion’s share of online reviews of the broker is complaints and negative comments. Traders complain about failure to withdraw profits and poor customer support.
Advantages and disadvantages
Pros:
- no commission on deposit/withdrawal
- modest minimum deposit
- zero swaps
- affiliate program
- PAMM service
- regulated broker holding a license
- wide range of trading instruments
- protection from negative balance
Cons:
- a great deal of negative comments
- no support in Russian
- offshore registration
- no demo account
