TIOmarkets Broker Review [year]

TIOmarkets Editor’s Verdict

TIOmarkets is a relatively new broker, founded in 2018, but has already expanded to 170 countries where it serves 100K+ traders. Services by Trading Central upgrade the MT4/MT5 trading platforms, which support algorithmic and copy trading, while maximum leverage of 1:500 and fast order execution create ideal conditions for high-frequency traders. I reviewed this broker to evaluate its trading conditions and determine if traders have a competitive advantage there. Should you open a trading account with TIOmarkets?

Overview

High leverage and low trading costs for advanced high-frequency traders

I like the VIP Black account at TIOmarkets, as it offers commission-free trading with raw spreads, which can go as low as 0.0 pips. TIOmarkets lists a minimum spread of 0.2 pips, likely the average cost, and a highly competitive pricing environment. While the minimum deposit is $3,000, it remains cheaper than other brokers with a similar offer, where traders must deposit between $10,000 and $50,000 for commission-free raw spread trading. It makes TIOmarkets one of the cheapest brokers for demanding traders, and the $3,000 minimum deposit is well worth the long-term savings for high-volume traders.

TIOmarkets Regulation & Security

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. TIOmarkets presents clients with one regulated entity and maintains an overall secure trading environment.

Is TIOmarkets Legit and Safe?

TIOmarkets is a legit and safe broker, fully compliant with UK FCA, where an £85,000 investor compensation fund protects clients in case of bankruptcy. Most international traders will deal with the unregulated but duly registered St. Vincent and the Grenadines subsidiary, company registration number 24986, where the financial regulator doubles as a company registrar but does not regulate Forex brokers, as outlined on its official website.

Both subsidiaries segregate client deposits from corporate funds and offer negative balance protection. TIOmarkets has a clean regulatory track record, and I consider it a trustworthy broker. The only thing missing is third-party insurance to enhance client protection or membership with the Hong Kong-based Financial Commission for its St. Vincent and the Grenadines subsidiary.

Fees

I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. TIOmarkets has one highly competitive commission-free account for deposits of $3,000+ and two average commission-based cost structures for smaller portfolios.

Traders with portfolios below $1,000 get a commission-based pricing environment with minimum spreads of 1.0 pips for a commission of $5.00, for total costs of $15.00 per lot. It is an unusually high commission-based cost structure. Deposits above $1,000 but below $3,000 see a commission reduction to $2.00. Traders with $3,000+ portfolios qualify for the commission-free alternative and raw spreads from 0.0 pips with an average of 0.2 pips or $2.00 per round lot for the EUR/USD.

Swap rates on leveraged overnight positions are cheaper than the industry average, adding a distinct cost advantage for leveraged traders. The commission-free VIP Black account is one of the cheapest industry-wide for a comparably small minimum deposit. Combined with competitive swap rates, it results in a competitive trading environment for demanding traders.

Here is a screenshot of the TIOmarkets quotes in their MT4 during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

The minimum trading costs for the EUR/USD in the three account types at TIOmarkets:

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

Noteworthy:

• TIOmarkets offers a positive swap on some qualifying short positions, where traders get paid money to hold trades overnight

MT4/MT5 traders can access swap rates from their platform by following these steps:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Swap Long and Swap Short.

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free VIP Black account.

Taking a 1.0 standard lot buy/sell position, in the EUR/USD, at the average spread and holding it for one night will cost the following:

Taking a 1.0 standard lot buy/sell position, in the EUR/USD, at the average spread and holding it for seven nights will cost the following:

Range of Assets

The asset selection at TIOmarkets, at 300+ covering four sectors, is average, and cryptocurrencies are missing. It it enough for focused strategies requiring relatively few but liquid trading instruments. Equity traders get popular names trending on social media, and Forex traders have 46 currency pairs. TIOmarkets serves its core market well, but I would like to see an increase in the range of trading instruments offered, especially the addition of cryptocurrencies and ETFs.

Asset List Overview

TIOmarkets Leverage

The maximum TIOmarkets leverage for Forex traders (available through St Vincent and the Grenadines) is 1:500 and 1:20 for equity traders, but it is asset dependent and can decrease. It is a highly competitive offer, providing traders with an edge. Negative balance protection exists, ensuring traders cannot lose more than their deposit. UK retail traders remain limited to maximum Forex leverage of 1:30.

TIOmarkets Trading Hours (GMT +3)

I recommend the following step for MT4/MT5 traders to access trading hours:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Sessions.

TIOmarkets Account Types

Traders get a choice between three trading accounts: Standard, VIP, and VIP Black, plus a Signature account available with the in-house cryptocurrency token TIOx. The minimum deposits are $50 for Standard and Signature, $1,000 for VIP, and $3,000 for VIP Black, which I recommend as cost savings are notable. All accounts are commission-based, except for VIP Black, but a volume-based rebate program is missing. Account managers get PAMM accounts for MT4 and MT5.

TIOmarkets Demo Account

TIOmarkets offers unlimited MT4/MT5 demo accounts, ideal for testing new trading strategies and bug-fixing algorithmic trading solutions. They expire after 90 days of inactivity, but if traders place one trade every 30 days, they remain active. There is no limit on how many demo accounts a client can open, which is best done directly through MT4/MT5.

I recommend a demo account balance similar to their planned live deposit. I also want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value.

Trading Platforms

Traders may use the out-of-the-box MT4 and MT5 trading platforms, available as a desktop client, a lightweight, web-based alternative, and a mobile app. Regrettably, TIOmarkets does not provide plugins to upgrade the core versions to cutting-edge trading solutions. MT5 at TIOmarkets features more trading instruments, both supporting algorithmic and copy trading, and MT4 has notably more third-party plugins, remaining the trading platform with the best infrastructure. TIOmarkets offers trading services by Trading Central but unfortunately does not provide the MT4/MT5 plugin.

Overview of Trading Platforms

Unique Features

TIOmarkets developed its cryptocurrency token, TIOx, an ERC-20 token operational on the Ethereum blockchain. It allows for investment into this Forex broker and offers clients a way to capture its explosive growth story. The TIOprime pool pays holders of at least 2,500 tokens, with payments exceeding $500,000 since its launch in 2018, while TIOmarkets never missed a payment. Payouts are daily in USDT. I find the TIOx an excellent idea, commitment to bridging Forex and blockchain technology while creating a modern brokerage. It makes TIOmarkets a unique broker and an exciting investment opportunity.

Research & Education

Besides trading signals from third-party provider Trading Central, which requires a minimum deposit of $500, TIOmarkets publishes market commentary and trading signals from its in-house team. Traders may sign-up to receive fundamental analysis and technical analysis via e-mail or download the TIOmarkets Signals App. TIOmarkets promises daily researched predictions and sensible strategies. A sentiment indicator is also available.

Beginner traders get an excellent educational platform, rivaling the best ones available. I highly recommend the video library and urge first-time traders to begin with the "Learn to trade in 10 days" mini crash course. TIOmarkets has six categories with 500+ videos and 100,000+ views.

TIOmarkets also hosts webinars and publishes written content. The overall approach to education by TIOmarkets is excellent, and I rank it among the best ones available. I like that the content is genuine, in-house, rather than a branded third-party solution.

Customer Support

Customer Support Methods
Support Hours	24/5
Website Languages	EN ES AR IT FR DE ZH PT MS TH ID SV PL HU Other

Multi-lingual customer support is available 24/5. I recommend traders read through the extensive FAQ section before reaching out to a customer representative, as it answers most questions. Customer support is available via e-mail, web form, live chat, or callback.

A direct line to the finance department where most issues may arise is missing, but I recommend the callback feature for problems with deposits and withdrawals. Live chat is ideal for non-urgent matters. TIOmarkets explains its products and services well, and I doubt most clients will require customer support, which remains easily accessible.

Bonuses and Promotions

TIOmarkets offered a $25 trading bonus for signing up for a free webinar at the time of writing this review. Terms and conditions apply, and I advise everyone interested to read and understand them. TIOmarkets also maintains a partnership program and its refer-a-friend program, TIOfriends.

Opening an Account

TIOmarkets has a swift online application form. New traders merely provide their name, e-mail, country, phone number, and desired password. I like that TIOmarkets does not ask unnecessary questions, keeping this process hassle-free.

TIOmarkets complies with KYC/AML requirements and requires all users to pass verification. New users must submit a copy of their government-issued ID, preferably a passport, and one proof of residency document.

TIOmarkets Minimum Deposit

The minimum deposit at TIOmarkets is $50 or a currency equivalent, but the highly competitive VIP Black account requires a $3,000 minimum.

Payment Methods

TIOmarkets accepts bank wires, credit/debit cards, Skrill, Neteller, Paytrust, Crypto, FXPay, Gigadat, Divepay, ThunderXPay, Flutterwave, FasaPay, NGanLuong, and OnlineNaira Payments.

Accepted Countries

TIOmarkets accepts traders resident in most countries, notably the UK where it is most popular, and does not accept US-based traders, like most international brokers.

TIOmarkets Deposits and Withdrawals

The secure TIOmarkets back office handles all financial transactions.

TIOmarkets has no internal deposit or withdrawal fees, but third-party costs may apply. The minimum deposit is either $50, $1,000, or $3,000, dependent on the account type. It is unclear if follow-on deposits can be less than the minimum deposit requirement to open an account.

The minimum withdrawal amount is $50, and TIOmarkets processes withdrawals to the same processors as the deposit. Withdrawal times depend on the payment processor and can take from minutes for e-wallets to several business days for bank wires and credit-debit card transactions. Not all options are available to all traders and in all currencies. I like the overall choice of payment processors available at TIOmarkets.

Is TIOmarkets a good broker?

I like the trading environment at TIOmarkets for traders with portfolios above $3,000, which qualifies for the VIP Black account. The trading costs rank among the lowest industry-wide in this account type. TIOmarkets offers the core MT4/MT5 trading platforms, provides PAMM accounts for account managers, and publishes in-house research alongside services by Trading Central. I rank the educational section of TIOmarkets among the best and highly recommend it.

TIOmarkets launched its cryptocurrency token TIOx, allowing individuals to invest in its promising growth story or earn passive income. Combining a multi-asset broker with blockchain technology shows a forward-thinking management team and created one of the most exciting brokers operational today with competitive trading conditions for demanding traders.

FAQs

What is the TIOmarkets minimum deposit?

The minimum deposit at TIOmarkets is $50, but the competitive VIP Black account requires $3,000.

How do I withdraw money from TIOmarkets?

The secure back office of TIOmarkets processes all financial transactions, where clients have 14 payment processors with several localized options for its core markets.

Is TIOmarkets safe or a scam?

TIOmarkets is a safe broker, regulated in the UK with operations in ST. Vincent and the Grenadines for its international expansion. It fully complies with the FCA, segregates client deposits from corporate funds, offers negative balance protection, and has a clean track record.

What is TIOmarkets?

TIOmarkets is a multi-asset broker with a competitive pricing environment in its VIP Black account, PAMM accounts, MT4, MT5, and its cryptocurrency token TIOx, allowing individuals to invest in the promising TIOmarkets growth story.

By DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.