Background and History
Sometimes change is as good as rest especially when you hate rigidity of your current broker. Trio Market that operates under EDR Financial Ltd was incepted in 2014 with its headquarters in Limassol, Cypress. The firm’s name of Trio markets doesn’t come by any fault as there are three aspects of threes. First, three professionals of German and Swiss background came up with this innovative and made it a business venture. Secondly, the firm operates on three main platforms and lastly, the firm is known for these three activities namely; highly sophisticated technology, popular products on offer and quality customer care.
The firm has licenses and has complied with regulations from CySEC, BaFin, FCA, ACP and MiFID.
There are three platforms of trading offered by this firm. The popular one is Meta trader 4 system that comes with downloadable versions of both desktops and IoS. The second platform is Sirix Web Trader which is also online but doesn’t need traders to have complicated downloads. The last and the most popular platform of the three in this firm is the social trading platform that allows traders to execute orders by getting tips from STP/ECN model where spillage and re-quotes are absent.
There are wide options of trading in the market consisting of; Currency pairs (48), CFD commodities (10) and CFD indices (19). Scalping and are accepted here.
Accounts, Deposit, and Withdrawals
There are four major categories of accounts that have different spreads, leverages, and other benefits. The classifications of these accounts are based on the initial deposit with the high-depositing traders gaining access to the highest benefits. The accounts are as follows; Bronze ($500-$1,999), Silver ($2,000-$9,999), Gold ($10,000-$49,999) and Diamond ($50,000 and above). The accounts come with free demo accounts and there are special accounts for Muslims.
From the accounts classifications, it’s clear that the minimum deposit is 500 USD or 500 GBP. Traders have varied options to make their deposits with some main channels are; popular credit and debit cards, skrill (money bookers), bank wire transfer, NeTeller and other local options.
The firm facilitates faster withdrawals as long as the customers’ files are current and have valid identifications as stipulated by international laws. Trio Markets charges withdrawal fee which is usually 1% of what you’re withdrawing or $100 for bulk withdrawals.
Spreads and Leverages
As already stated various accounts have varied spreads and leverage with the Bronze account attracting the lowest while the Diamond attracting the highest. The highest pips can be 2.5 pips while the lowest can be 0.1 pips with a transaction fee of $6 or 6 GBP being charged.
Leverage depends on the type of account and asset selected. The highest leverage for forex pair can be as high as 200:1 and as low as 100:1 while CFDs can be high at 75:1 and at a low of 25:1.
Beginners and Customer support
Trio Market offers a bilingual customer care to traders on a 6*24 basis. A trader can opt to learn the market option on his/her own pace through; online videos, ebooks, calendars and comprehensive glossary. You can reach the customers care desks via emails, direct phone calls or the now famous live chats. There’s also one on one option where beginners interact with experts in the industry.